Air Canada reported third quarter adjusted net income of CA$457m compared to adjusted net income of CA$365m in the third quarter of 2013, an improvement of CA$92m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$749m compared to EBITDAR of CA$626m in the third quarter of 2013, an improvement of CA$123m.
In the third quarter of 2014, Embraer delivered 19 commercial and 15 executive jets. The Company’s firm order backlog ended 3Q14 at US$ 22.1bn, an all-time Company record. As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company’s Defense & Security business, third quarter revenues were US$1,239.7m, for a
Air Transport Services Group, the leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30, 2014. Pre-tax earnings from continuing operations increased 25% to US$15.6m driven by a US$7.0m improvement in airline profitability compared with a year ago. Net earnings from continuing
Astronics Corporation reported that consolidated sales for the third quarter of 2014 increased 100.1% to US$179.4m compared with US$89.7m for the same period last year. Aerospace segment sales increased US$34.7m to US$122.2m and Test Systems segment sales increased US$55.1m to US$57.2m. The 2014 third quarter included US$74.1m in sales for two businesses acquired after September
Willis Lease Finance Corporation, the independent jet engine lessor in the commercial finance sector, reported third quarter 2014 net income of US$1.0m, compared to net income of US$2.2m, in the second quarter of 2014 and a net loss of US$2.2m in the third quarter of 2013. The loss in the year ago period included US$4.3m
Hong Kong Aircraft Engineering Company (HAECO)reported that GE Aviation has acquired a 9.9% equity stake in Taikoo Engine Services (Xiamen) (“TEXL”). The transaction marks a milestone in the HAECO Group / GE Aviation partnership. Established in July 2008, TEXL is a joint venture between HAECO, Taikoo (Xiamen) Aircraft Engineering Company (“TAECO”), Cathay Pacific Airways and
International Consolidated Airlines Group (IAG) presented Group consolidated results, with third quarter operating profit of €900m (2013: €690m) before exceptional items, a €210m improvement compared to last year. At constant currency, third quarter passenger unit revenue was down 0.9% and non-fuel unit costs was down 4.5%. Revenue for the quarter was up 8.5% to €5,866m,
Aircastle’s third quarter of 2014 lease rental and finance lease revenues were $180.3m, up $15.1m, or 9% year over year, due primarily to the $43.3m impact of aircraft acquisitions, offset by $21.1m of lower revenues due to aircraft dispositions. Total revenues for the third quarter were $177.6m, an increase of $7.5m, or 4% above the
WestJet released its third quarter 2014 results, with net earnings of CAD52.2m, compared to CAD65.1m in the third quarter of 2013, down 19.8%. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 13.7% reported in the previous quarter. These adjusted results exclude a pre-tax non-cash
Ryanair released that half year 2014 net profit rose by 32% to €795m. Traffic grew 4% to 51.3m customers, ave. fares increased 5%, and total revenues rose by 9% to €3,537m. Unit costs fell by 2% (excluding fuel they rose by 3%). First half 2014 load factors jumped by 4% points to 89%, due to
