Republic’s pre-tax income from continuing operations was $22.8m an 18.1% increase over the March 2013 quarter. As of Dec. 31, 2013, Republic had a significant amount of federal net operating loss carryforwards and does not anticipate paying significant federal taxes for the next several years. Republic’s net income for the March 2014 quarter was $14.0m.
During the first quarter of 2014, the economy in China remained stable as the economies in Europe and the U.S. slowly recovered. The demand of the aviation air passenger market grew steadily and the air cargo market showed a slight improvement when compared to the same period last year. During the Period, the Group’s operating
GA Telesis announced its asset transactions for the fourth quarter 2013 and the first quarter of 2014. The company added the following assets to its portfolio: two Boeing B767-200ER, two B757-200 aircraft, one B737-800, one B777-200ER, one Airbus A320-200, one A310-300 aircraft and one new CF34-10E5A1 engine. The company sold or leased eight MD-80 airframes,
In the first quarter of 2014, Embraer delivered 14 commercial and 20 executive (17 light and 3 large) jets, the Company’s firm order backlog grew to US$19.2bn, reaching its highest level since the second quarter of 2009, mainly as a result of orders in the Commercial Aviation segment. As a result of aircraft deliveries, coupled
Volaris, the ultra-low-cost airline serving Mexico and the US, reported its financial results for the first quarter 2014. Total operating revenues were Ps.2,775mn for the first quarter, a decrease of 9%, reflecting a challenging macroeconomic and pricing environment, as well as a seasonal impact. Holy week, one of the most active travel weeks in Mexico,
Dubai Aerospace Enterprise (DAE) reported revenue for full year 2013 increased to US$ 2,105m (AED 7,735m) from US$ 1,943m (AED 7,140m) for full year 2012. Net Income for full year 2013 increased to US$111.6m (AED 410m) from US$7.8m (AED 29.0m) in 2012.
The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0m (1-3/13: €906.0m). MTU’s operating profit in the first three months of 2014 amounted to €89.0m (1-3/13: €88.3m), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax also
airberlin closed the 2013 financial year with an operating loss (EBIT) of €-231.9m (€70.2m in financial year 2012). EBITDAR amounted to €432.7m in financial year 2013 (financial year 2012: €736.4m), EBITDA to €-146.7m (financial year 2012: €144.3m). The Turbine efficiency program achieved the desired contribution of €200m to the cost and turnover side and a
Etihad Airways welcomed airberlin’s decision to accelerate structural change within the airline to target sustainable profitability. airberlin announced a strategic review of its long-term business model as it reported its 2013 annual financial results. The predominant objective will be to restructure the airline and shape a robust business model that is fit for purpose in
Alaska Air Group reported record first quarter net income, excluding special items, of $89m compared to adjusted net income of $44 million in the prior-year quarter. Recorded net income for the first quarter under Generally Accepted Accounting Principles (GAAP) of $94m, compared to net income of $37m in 2013. Reported record adjusted pretax margin for
