United Technologies released that all remaining regulatory approvals related to the proposed acquisition of Goodrich Corporation have been obtained. The conclusion of the regulatory review by the U.S. Department of Justice and the European Commission clears the way for United Technologies to proceed with the proposed acquisition announced on Sept. 21, 2011. The acquisition is
Norwegian (NAS) reported a pre tax profit of 125m NOK, an improvement of 50m from last year. This year’s result has been considerably influenced by the strike among the security staff at airports throughout Norway. The strike cost Norwegian 70m NOK. The company’s growth continues and increased by 15% in the second quarter. The number
United Continental Holdings reported second-quarter 2012 net income of $545m, excluding $206m of net special charges. Including special charges, UAL reported second-quarter 2012 net income of $339m. For the second quarter of 2012, total revenue was $9.9bn, an increase of 2.4% year-over-year excluding special items. Including special items in 2011, second-quarter total revenue increased 1.3%
US Airways Group reported second quarter 2012 net profit excluding net special charges, was a record $321m versus $106m in the Company’s second quarter 2011. On a GAAP basis, the Company reported a record net profit of $306m for its second quarter 2012 compared to a net profit of $92m for the same period in
Delta Air Lines (DAL) reported financial results for the June 2012 quarter. Delta’s net income, excluding special items, for the June 2012 quarter was $586 million, Delta’s June 2012 quarter GAAP net loss was $168m (compared to net income of 198m in 2011), including mark-to-market adjustments on open fuel hedges and other special items. Delta’s
JetBlue reported record second quarter operating revenues of $1.3bn, an increase of 11.0% versus last year. Revenue passenger miles for the second quarter increased 10.5% to 8.50bn on a capacity increase of 5.5%, resulting in a second quarter load factor of 85.3%, an increase of 3.8 points year over year. Net income for the second
FLY Leasing, a global lessor of modern, fuel-efficient commercial jet aircraft, announced its financial results for the second quarter of 2012. FLY’s net income for the second quarter of 2012 were $25.7m compared to $4.1 million in the same period of 2011. The increases in operating lease revenue and net income is primarily due to
Boeing reported that second-quarter net income rose to $1.0bn, on revenue of $20.0bn. Earnings per share rose 2%, reflecting continued strong core performance across the company’s businesses, which more than offset higher pension expense. Earnings per share guidance for 2012 increased to between $4.40 and $4.60 reflecting the strong core operating performance. The company also
MTU Aero Engines Holding AG is making good progress toward its growth targets: by the end of June 2012, the Group had increased its revenues by 16% to €1,559.0m (1-6/2011: €1,346.5m). Operating profit rose by 7% from €164.4m to €175.8m, resulting in an operating profit margin of 11.3% (1-6/2011: 12.2%). Net income also registered a
Dublin based aircraft lessor AWAS, has closed a $360m, 6-year Senior Secured Term Loan to help add resources to fund planned growth. The transaction was rated BBB- by S&P and Ba2 by Moody’s. Proceeds from this Term Loan were used to refinance all nine aircraft funded by AWAS June 2011 $500m Warehouse Facility, arranged by
