In the first quarter of 2015, MTU Aero Engines AG increased its revenues by 20% to €1.099,5bn (1-3/14: €913.0m). The group’s operating profit rose by 10% to €97.7m (1-3/14: €89.0m). The EBIT margin amounted to 8.9%, compared with 9.7% for the same period in the previous year, and earnings after tax increased by 22% to
Excluding net special charges, American Airlines Group’s first quarter 2015 net profit was a record US$1.2b. This represents a tripling of the Company’s first quarter 2014 net profit excluding net special credits of US$402m. The Company’s first quarter 2015 pretax margin excluding net special charges was 12.7%, up 8.6 percentage points from the same period
Southwest Airlines reported record first quarter net income of US$453m which included US$2m (net) of favorable special items, compared with first quarter 2014 net income of US$152m, which included US$26m (net) of favorable special items. First quarter 2015 total operating revenues increased 6.0% US$4.4bn, on a 6.0% increase in ASMs, both compared with first quarter
Alaska Air Group posted first quarter 2015 GAAP net income of US$149m compared to US$94m in the first quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments, the company reported record adjusted net income of US$149m compared to adjusted net income of US$89m in 2014.
United Airlines (UAL) reported first-quarter 2015 net income of US$582m, excluding US$74m of special items. Including special items, UAL reported first-quarter net income of US$508m. These results are a record first-quarter profit for the company. For the first quarter of 2015, total revenue was US$8.6bn, a decrease of 1.0% year-over-year. First-quarter consolidated passenger revenue increased
B/E Aerospace reported first quarter 2015 revenues of US$690m an increase of 7.0% as compared with the prior year period (revenues increased 7.7 percent adjusting for the impact of Euro denominated sales). In addition, revenues from the Company’s Russian customers were severely impacted by geopolitical and macroeconomic forces, and demand from defense customers was also
Avolon, the international aircraft leasing company, announced the completion of a new US$675m 8 year secured debt facility. The new facility will finance up to 21 aircraft at a margin of 1.65%. The facility is financed by six banks based in Europe and Asia-Pacific.
Safran reported that first-quarter 2015 adjusted revenue was €3,935m, up 14.3% year-on-year including significant positive currency impacts mainly due to the considerable strengthening of the USD. The average USD/EUR spot rate in Q1 2015 was 1.13 compared with 1.37 a year ago. Adjusted revenue growth was 3.4% at constant currency or 2.4% on an organic
Boeing reported first-quarter revenue increased 8% to US$22.1bn on higher commercial deliveries. Core earnings per share (non-GAAP) increased 12% to US$1.97, reflecting strong performance across the company, and GAAP earnings per share was US$1.87. Net earnings increased 38%. The Company reaffirmed its 2015 financial and deliveries guidance. Cash and investments in marketable securities totaled US$9.6bn
AeroCentury, an independent aircraft leasing company, reported its unaudited operating results for the first quarter ended March 31, 2015. In the first quarter of 2015, net income was US$0.8m compared to net income of US$0.4m for the first quarter of 2014. Total revenues were US$8.6m for the first quarter ended March 31st, 2015, compared to
