Bombardier Aerospace’s revenues increased by 29% to reach $2.6bn for the three-month period ended September 30th, 2014, compared to $2.0bn for the same period last fiscal year. EBIT totalled $74m or 2.9% of revenues, for the third quarter, compared to $86m, or 4.3%, for the same period last fiscal year. EBIT before special items totalled
BOC Aviation has priced RMB1.5bn in 4-year fixed rate senior unsecured notes (the “Notes”) at a coupon of 4.2% per annum. The Notes will close on November 5th, 2014, subject to satisfaction of customary closing conditions. The transaction was issued off BOC Aviation’s US$5bn Euro Medium Term Note Programme and was jointly arranged by BOC
Heathrow Airport reported strong traffic performance with 55.7 million passengers using Heathrow, growth of 1.5% driven by intercontinental traffic. Revenue was up 8.2% to £1,986m and EBITDA up 12.4% to £1,172m. Heathrow reported the successful transition of 26 airlines to the new £2.5bn Terminal 2: The Queen’s Terminal. John Holland-Kaye, Chief Executive Officer of Heathrow,
THE BOARD of Monarch Holdings Limited, one of the UK’s leading independent leisure travel groups, reported the completion of its strategic review and restructuring programme under which it has secured £125m of permanent capital and liquidity facilities provided by Greybull Capital LLP (“Greybull”) anchored a £50m capital commitment, with contributions from the Group’s prior shareholders,
For the third quarter 2014, Spirit’s adjusted net income increased 27.6% to $73.9m compared to $57.9m for the third quarter 20131. GAAP net income for the third quarter 2014 was $67.0m compared to $61.10m in the third quarter 2013. For the third quarter 2014, Spirit delivered a record adjusted pre-tax margin of 21.3% compared to
Singapore Technologies Engineering announced that its aerospace arm Singapore Technologies Aerospace has injected US$4.87m (S$6.2m) into the capital of its wholly owned subsidiary, ST Aerospace Academy (STAA). This would bring STA Engineering’s total equity investment in STAA to US$12.98m (approximately S$17.6m). The capital injection affirms ST Engineering’s confidence in the commercial pilot training business and
Safran reported third-quarter 2014 adjusted revenue was €3,589m, up 6.8% on a reported basis, up 6.3% on an organic basis, compared to third quarter 2013. Aerospace Propulsion activities continue to benefit from services growth, notably civil aftermarket. Aircraft Equipment growth is principally driven by continuing OE momentum. Revenue declined slightly in Defence activities and grew
For the third quarter 2014, American Airlines Group reported a record GAAP net profit of $942m. This compares to a GAAP net profit of $289m in the third quarter 2013 for AMR Corporation prior to the merger. Third quarter 2014 net profit excluding net special charges was a record $1.2bn. This represents a 59% improvement
United Airlines reported third-quarter 2014 net income of $1.1bn, excluding $151m of special items, its highest-ever quarterly profit and an increase of 99% year-over-year. Including special items, UAL reported third-quarter 2014 net income of $924m. UAL ended the third quarter with $6.9bn in unrestricted liquidity.
Southwest Airlines reported third quarter net income, excluding special items, of $382m, compared to third quarter 2013 net income, excluding special items, of $241m. This represented a 61.8% increase from third quarter 2013, and exceeded the First Call consensus estimate of $.53 per diluted share. Third quarter net income of $329m, which included $53m (net)
