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Financial

Spirit AeroSystems Holding reports second quarter 2012 financial results

Spirit AeroSystems Holdings, reported second quarter 2012 financial results reflecting solid core operating performance, continued strong demand for large commercial aircraft, and the impact of unusual charges. Spirit’s second quarter 2012 revenues were $1.341bn, down from $1.466bn for the same period of 2011 as the previous period included recognition of deferred revenue associated with the

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Astronics Corporation acquires Enhanced Vision Systems provider Max-Viz

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has acquired privately-held Max-Viz, Inc. (“Max-Viz”), a market-leading developer and designer of Enhanced Vision Systems (EVS) for fixed and rotary wing aircraft through both OEM and aftermarket channels in the general aviation, commercial and military aerospace markets for $10m in

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Vueling doubles net profit in second quarter

Vueling made a net profit of €7.7m in the second quarter of 2012, an improvement of 115% compared to the same period of last year. The operating profit (EBIT) tripled compared with the previous year and amounted to €12.1m. Vueling’s total revenue rose by 29.2%, up to €296.9m. This rise in revenue was the result

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WestJet reports second quarter net earnings of $42.5m

WestJet announced a second quarter net earnings record of $42.5m, up from net earnings of $25.6m reported in the second quarter of 2011. These financial results mark WestJet’s 29th consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 11.4%, up from the 10.8% reported last

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Safran delivers strong progress in performance in first-half 2012

For first-half 2012, Safran’s revenue was €6,413m, compared to €5,622m in the same period a year ago, a 14.1% year-on-year increase (5.2% organic growth). First-half 2012 revenue increased by €791m on a reported basis, notably highlighting a good performance in aerospace and security (both organic and from acquisitions). On an organic basis, revenue increased by

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Embraer releases second quarter 2012 results

During the 2nd quarter of 2012 Embraer delivered 35 jets to the commercial aviation market and 20 to the executive aviation market (17 light jets and 3 large jets); as a consequence, 2Q12 revenues reached US$ 1,717.3m and Gross margin grew from 22.4% in 2Q11 to 23.6% in 2Q12. 2Q12 operating performance was strong and

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Butler National Corporation reports fiscal year end financial results

Butler National Corporation reported that fiscal 2012 year ended April 30, 2012, revenues increased 17% to $54.4m compared to $46.3m in fiscal 2011. The year-over-year increase in revenue reflects additional professional services revenues (up 36%) driven by increased revenues from gaming activities and a decrease in aerospace products revenues (down 9%) attributable to reduced domestic

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Air France/KLM post first half net loss of €1.26bn

Air France/KLM reported that total revenues for the first half 2012 amounted to €12.14bn (+5.2% of which a positive currency effect of 1.9%). Operating costs rose 2.7% ex-fuel and by 5.9% including fuel. The main change came from the fuel bill, up €469m. Employee costs of €3.88bn were up 3.9%, including the additional pension charge

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EADS reports solid half-year results 2012

EADS achieved solid financial results in the first half of 2012, exceeding expectations. Order intake in the first six months reached €28.2bn driven by solid order activity at Eurocopter, Astrium, Cassidian and Airbus Military and ongoing commercial momentum at Airbus. At the end of June, EADS’ order book stood at a record level of €551.7bn

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Rolls Royce Holdings reports half year results

The Rolls Royce Civil Aerospace segment increased revenue by 17% in the first half of 2012. There was a 26% growth in OE revenue, primarily reflecting higher deliveries of Trent and corporate engines. Services revenue grew by 10% consistent with growth in the installed base of thrust. Profit increased by 24% due to increased OE

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