Volvo Aero reported that net sales during the second quarter increased by 26% to SEK 1,945m (1,547m in 2011). Adjusted for currency fluctuations, net sales during the second quarter increased by 13%. Operating income amounted to SEK 305m compared to SEK 62m in the same quarter of 2011. The improvement is a result of a
For the second quarter 2012, Spirit’s total operating revenue was $346.3m, an increase of $70.4m, or 25.5%, compared to second quarter 2011 on a capacity increase of 16.5%. Total revenue per available seat mile increased to 12.25 cents, up 7.7% compared to the second quarter 2011, driven by total operating yields which increased 9.1% year-over-year
Southwest Airlines reported second quarter 2012 net income was $228m which included $45m (net) of unfavourable special items. This compared to net income of $161m in second quarter 2011, which included favourable special items totaling $40m (net). Excluding special items, second quarter 2012 net income was a record $273m compared to $121m in second quarter
Honeywell released that Aerospace sales were up 8% compared with the second quarter of 2011. Organic growth was 7%, or 4% organic excluding the absence of prior year payments to Business and General Aviation customers to offset preproduction costs (OE payments). Aerospace growth was driven by an 18% increase in Commercial end markets, partially offset
AMR Corporation, the parent company of American Airlines, reported second quarter revenue of $6.5bn, an increase of 5.5% year-over-year and the highest quarterly revenue in company history. In the second quarter of 2012, the company reported a net profit of $95m, excluding reorganization and special items – a $381 million improvement over the second quarter
AAR (AIR) reported fourth quarter fiscal 2012 results that were in line with the preliminary results released on June 14, 2012. Fourth quarter sales were $563.3m compared to sales of $487.8m in the fourth quarter of last year. For the Company’s fiscal year 2012, sales were a record $2.1bn, a 14.4% increase versus the prior
Hawker Beechcraft (Hawker Beechcraft) reported that the U.S. Bankruptcy Court for the Southern District of New York has approved the company’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co., (Superior). Approval of this motion allows Hawker Beechcraft to spend up to 45 days exclusively negotiating with Superior regarding a strategic combination that
Precision Castparts Corp., a worldwide, diversified manufacturer of complex metal components and products, has agreed to acquire certain aerostructures business units and McSwain Manufacturing from Heroux-Devtek Inc. Heroux-Devtek’s aerostructures operations manufacture a wide variety of components and assemblies from aluminum, aluminum-lithium, and titanium, such as bulkheads, wing ribs, spars, frames, and engine mounts. The aerostructures
Pratt & Whitney and IAE International Aero Engines (IAE) shareholders, Japanese Aero Engines Corporation and MTU Aero Engines GmbH, announced details of the June 29 closing of Pratt & Whitney’s agreement to purchase Rolls-Royce’s program share in the IAE Collaboration. Pratt & Whitney has increased its program share to 61% and MTU Aero Engines has
GKN reported its agreement to acquire Volvo Aero (the aero engine division of AB Volvo). Volvo Aero designs, engineers and manufactures components and sub-assemblies for aircraft engine turbines. It supplies all the major aero engine manufacturers and has positions on most major civil aerospace platforms that are set to increase as aircraft build rates ramp
