Financial

AerCap Holdings N.V. released that the shareholders of Dragon Aviation Leasing, its Chinese aircraft operating lease joint venture, have agreed to increase the issued share capital of the venture by up to $40m. The future share issues will be made in portions aligned to individual aircraft acquisitions. The venture comprises Dragon Aviation Leasing Company Limited, based

Kingfisher Airlines reported a 4.44bn rupees loss in the third quarter that ended in December 2011, compared to a loss of 2.54bn rupees the previous year. Kingfisher lost 11.8bn rupees in the first nine months of the current fiscal year that ends in March 2012, a 35% rise from the previous year. Revenue in the third quarter fell 15.2%

The Qantas Group reported net profit of A$42m ($45m) for the six months ended December 2011, down from A$241m during the same period in 2010. The company said that last years strikes cost it A$194m, while fuel costs surged 26% to A$2.2bn during the period.

AMR Corporation, the parent company of American Airlines, recorded consolidated net loss of $1.1bn for the fourth quarter of 2011 compared to a consolidated net loss of $97m in the fourth quarter of 2010. AMR recorded fourth quarter 2011 consolidated revenues of approximately $6.0bn, an increase of 7.4% year-over-year. For fiscal 2011, AMR recorded a

SkyWest, Inc. reported operating revenues of $899.9m for the quarter ended December 31, 2011, compared to $796.3m for the same period last year.  SkyWest also reported a net loss of $18.0m for the quarter ended December 31, 2011, compared to $37.2m of net for the same period last year.

Spirit Airlines reported fourth quarter 2011 and full year 2011 financial results. Net income for the fourth quarter 2011 was $24.0m compared to $9.6m in 2010. Full year pro forma adjusted net income was $95.5m, full year 2011 GAAP net income was $76.4m. EBITDAR for the fourth quarter 2011 was $70.7m, resulting in an EBITDAR

Etihad Airways, the national carrier of the United Arab Emirates, reported full year EBIT of US$137m, on revenues up 36% to US$4.1bn (2010: US$2.98bn). The results included earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of US$648m  with a net profit of US$14m. The record result exceeded the airline’s 2011 target, which was to break even.

FLY Leasing has signed an extension of its credit facility with Norddeutsche Landesbank Gironzentrale (Nord LB). The facility was set to mature in November 2012 and has been extended until 2018. As of December 31, 2011 the outstanding balance of the facility was $598m. FLY has 109 aircraft on lease to 53 airlines around the

Air Canada reported a net loss of $60m in the fourth quarter of 2011, which included foreign exchange gains of $114m, compared to net income of $89m in the fourth quarter of 2010, which included foreign exchange gains of $136m, an impairment charge on aircraft of $49m  and a net favourable adjustment to the provision

Spirit released that operating income for the fourth quarter 2011 was $102m, compared to $96m for the same period in 2010, primarily driven by increased production volumes, partially offset by the charges recorded on development programs. Net income for the quarter was $60m compared to $62m in the same period of 2010. Revenue for the full-year