Astronics Corporation reported consolidated sales for the third quarter of 2012 increased by 22.2% to $68.9m, including $4.1m associated with acquisitions, compared with $56.4m for the same period last year. Aerospace sales increased by $12.3m and Test Systems sales increased by $0.2m. Consolidated sales for the first nine months of 2012 increased by 19.2% to
SIAEC Group recorded a profit attributable to owners of the parent of $137.2m for the first half ended 30 September 2012, a decrease of $2.1m or 1.5%. Profit in the same period last year included a write-back of tax provision of $3.1m. Share of profits from associated and joint venture companies increased $1.1m or 1.4%
Triumph Group reported that net sales for the second quarter of fiscal year ending March 31, 2013 totaled $938.2m, a 19% increase from last year’s second quarter net sales of $790.5m. Substantially all of the sales growth for the quarter was organic. Income from continuing operations for the second quarter of fiscal year 2013 was
In the first nine months of the year, the Lufthansa Group generated an operating result of €628m, €96m less than in the first nine months of last year. Profits were hit particularly hard by record fuel prices. The persistently intense price pressure, the air traffic tax and the costs of EU emissions trading certificates also
For the first 9 months of 2012, the Latécoère Group, a tier 1 partner to major international aircraft manufacturers, posted revenue, excluding non-recurring items, of €416.7m, up +11.7% year on year. At a constant €/US$ exchange rate, organic growth stood at +7.85%; the hedging strategy implemented has allowed the Group to partially benefit of a
Spirit Airlines reported third quarter 2012 financial results. Net income, excluding special items, for the third quarter 2012 was $25.2m, GAAP net income for the third quarter 2012 was $30.9m. Operating margin, excluding special items, for the third quarter of 2012 was 11.8%. Operating margin on a GAAP basis was 14.5% for the third quarter
Virgin Australia announced three transactions designed to accelerate the growth of the business, diversify its earnings and increase competition in Australia. The transactions include: – making a placement of shares to Singapore Airlines, which will see Singapore Airlines owning a 10% interest in Virgin Australia – entering a Share Purchase Agreement to acquire 60% of
B/E Aerospace reported third quarter 2012 revenues of $766.7m an increase of $130.7m, or 20.6%, as compared with the same period of the prior year. Organic revenue growth, excluding 2012 acquisitions, was 10.5%. Operating earnings, adjusted to exclude $4.6m of AIT costs, were $138.9m, an increase of 23.9% and operating margin of 18.1% increased 50
Norwegian (NAS) reported a pre-tax profit of almost NOK900m. This is the company’s best ever result, an improvement of NOK187m from previous year. New aircraft have saved the airline NOK28m in fuel costs compared to the third quarter in 2011. However, these savings are offset by an additional bill of NOK25m – a result from
Finnair is launching a new cost savings program that targets sustainable annual cost savings of €60m by the end of 2014. With this program, Finnair aims to ensure its competitiveness and ability to make future investments. Finnair estimates it will reach a profitable operational result in 2012 after several loss-making years, and its existing structural
