WestJet announced its 33rd consecutive quarter of profitability, with record second quarter net earnings of $44.7m. This compares with the net earnings of $42.5m reported in the second quarter of 2012. These results include $8.4m of one-time pre-tax transition costs associated with WestJet’s business transformation initiative. Based on the trailing twelve months, the airline achieved
Milestone Aviation Group, the global leader in helicopter leasing, has closed a new $300m credit facility. The company will use the proceeds to acquire and lease helicopters valued at $400m to affiliates of Bristow Group Inc. The assets include Sikorsky S-92’s, Eurocopter EC225’s and AgustaWestland AW189 and AW139 aircraft. The Milestone facility is the largest-ever
In the second quarter of 2013 Embraer delivered 22 commercial and 29 executive (23 light and 6 large) jets; the Company’s firm order backlog grew to US$17.1bn, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment. As a result of aircraft deliveries,
Safran delivered strong progress in performance in first-half 2013. For first-half 2013, Safran’s revenue was €7,066m, compared to €6,413m in the same period a year ago, a 10.2% year-on-year increase (9.7% organic growth). First-half 2013 revenue increased by €653m on a reported basis, notably highlighting a good performance in aerospace (both organic and from acquisitions).
Republic Airways reported diluted earnings per share of $0.46, which is a 15.0% increase from the $0.40 per diluted share result in the second quarter of 2012. Net income increased 23.0% to $24.6m for the qu arter ended June 30, 2013, compared to net income of $20.0m for the same period last year. Operating revenues
Southwest Airlines reported second quarter 2013 net income was $224m, which included $50m (net) of unfavorable special items. This compared to net income of $228m in second quarter 2012, which included $45m (net) of unfavorable special items. Excluding special items, second quarter 2013 net income was a record $274m compared to $273m in second quarter
For the second quarter, total revenue was $10.0bn, an increase of 0.6% compared to the same period in 2012. Second-quarter consolidated passenger revenue decreased 1.1% year-over-year to $8.7bn, on a consolidated capacity decrease of 2.1% year-over-year. Cargo and other revenue in the second quarter increased 13.8% versus the second quarter of 2012, or $162m, to
Alaska Air Group reported second quarter net income, excluding special items, of $105m compared to adjusted net income of $111m in the prior year quarter. Alaska Air Group recorded net income for the second quarter under Generally Accepted Accounting Principles (GAAP) of $104m compared to net income of $68m in 2012.
US Airways Group reported its second quarter 2013 financial results. For the second quarter 2013, pretax profit excluding net special items was $409m, the highest in Company history. Net profit excluding net special items was a record $324m. Net profit excluding net special items for the second quarter 2012 was $321m. The Company’s 2013 second
Boeing reported that second-quarter core earnings per share (non-GAAP) increased 13% to $1.67, driven by strong performance across the company’s businesses. Second-quarter core operating earnings (non-GAAP) also increased 13% to $2.0bn from the same period of the prior year. Second-quarter revenue was $21.8bn, GAAP earnings from operations was $1.7bn and earnings per share was $1.41.
