International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months ended September 30, 2012. The Group reported third quarter operating profit of €270m, before exceptional items, €301m excluding bmi (2011: operating profit €363m, before exceptional items). Passenger unit revenue was up 9.1% for the quarter, flat at constant currency. Fuel unit cost
Air Transport Services Group reported financial results as for the third quarter of 2012. Pre-tax third-quarter earnings for Cargo Aircraft Management (CAM) were $17.3m, up 7% from the year-earlier period. Revenues increased 6% to $39.2m. At the end of September, CAM owned 53 aircraft in service condition, including 21 leased to external customers and 32
FLY Leasing, a leading global lessor of modern commercial jet aircraft, has closed a new $250m warehouse facility to support its ongoing acquisition of aircraft. The facility has a two-year draw down period followed by a three-year term period, maturing in November 2017. Deutsche Bank AG, Citigroup Global Markets, Morgan Stanley Senior Funding, Inc., RBC
Air Canada reported earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR), before the impact of certain benefit plan amendments, of $554m in the third quarter of 2012 compared to EBITDAR of $535m in the third quarter of 2011, an increase of $19m. Including the favourable impact of benefit plan amendments, EBITDAR
Vueling made an operating profit of €50.1m in the third quarter of 2012, an improvement of 22% compared to the same period of last year. The operating profit (EBIT) rose by 12% on last year to €68.2m. For the period from January to September, the net profit amounted to €41.3m, an increase of 93%. Vueling’s
Bombardier Aerospace’s revenues totalled $2.3bn, the same level as last fiscal year. EBIT totalled $123m translating into an EBIT margin of 5.4% for the third quarter ended September 30, 2012, compared to $129m, or 5.6%, last fiscal year. Free cash flow usage totalled $68m compared to a free cash flow of $53m for the corresponding
WestJet announced third quarter net earnings of $70.6m, up from the net earnings of $39.3m reported in the third quarter of 2011. These financial results mark WestJet’s 30th consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 12.7%, up from the 11.4% reported last quarter.
GA Telesis has signed a Letter of Intent with Century Tokyo Leasing (“CTL”) for the purchase of new shares in GA Telesis. CTL will hold a minority position in GA Telesis. The existing shareholder base remains unchanged. GA Telesis has recently announced explosive growth and expansion plans in all areas of its businesses. The fresh
Willis Lease Finance Corporation reported that following a $15.4m charge for extinguishment of debt and derivatives termination, it lost $8.0m in the third quarter of 2012. In the second quarter of 2012, net income available to common shareholders was $2.4m and $1.5m in the third quarter a year ago. In the first nine months of
Aircastle reported a third quarter 2012 net loss of $45.8m and an adjusted net loss of $37.5m. The third quarter results included total revenues of $172.9m, an increase of 22%, versus $141.5m in the third quarter of 2011. The third quarter 2012 results also include $78.7m of non-cash impairment charges against 15 older technology aircraft,
