For the fourth quarter 2013, AAG reported a GAAP net loss of $2.0bn, which includes $2.4bn of net special charges. This compares to a net profit of $262m, which includes $350m of net special credits in the fourth quarter 2012. AAG’s GAAP financial results include the results for US Airways only for the period from
Alaska Air Group reported fourth quarter 2013 GAAP net income of $78m, compared to GAAP net income of $44m in 2012. Excluding mark-to-market fuel hedge gains of $2m ($1m after tax), the company reported record fourth quarter 2013 net income of $77m compared to net income excluding mark-to-market fuel hedge losses of $50m in 2012.
Southwest Airlines posted fourth quarter net income, excluding special items, of $236m compared to fourth quarter 2012 net income, excluding special items, of $65m. This exceeded the First Call consensus estimate of $.29 per diluted share. Fourth quarter net income was $212m which included $24m (net) of unfavorable special items, compared to net income of
United Airlines (UAL) reported full-year 2013 net income of $1.084bn, an increase of 84% year-over-year, excluding $513m of special charges. Including special charges, UAL reported full-year 2013 net income of $571m. UAL generated $38.3bn of revenue in 2013, an increase of 3.0% year-over-year. The company reported fourth quarter 2013 net income of $298m excluding $158m
ATR ended 2013 breaking new annual records. The manufacturer increased its turnover to US$1.63bn, an increase of 13% compared to the previous year (2012: $1.44bn). Meanwhile, ATR continued to increase the pace of its deliveries, allowing it to achieve a new record with 74 aircraft delivered to customers during the year; an increase of 16%
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has entered into a definitive agreement to acquire substantially all of the assets and liabilities of EADS North America’s Test and Services division (EADS T&S) for approximately $53m in cash plus a net working capital adjustment. The agreement is expected
Rockwell Collins reported first quarter fiscal year 2014 earnings per share of $0.96, an increase of 2% from earnings per share of $0.94 in the first quarter of fiscal year 2013. Total sales for the first quarter of 2014 were $1.07bn, an increase of 1% from $1.06bn for the same period in 2013. As previously
Delta’s net income for the December 2013 quarter was $558m excluding special items. Delta’s net income for 2013 was $2.7 bn, a $1.1bn increase over 2012. Delta’s GAAP net income was $8.5bn for the December 2013 quarter and $10.5bn for 2013. These results include an $8.0bn non-cash gain associated with the reversal of the company’s
Lease Corporation International, a Libra Group company, and KKR Financial Holdings, a specialty finance company managed by a subsidiary of KKR & Co. L.P., have entered into a definitive agreement under which KFN has agreed to invest in excess of $100m in LCI Helicopters (LCIH), the helicopter leasing subsidiary of LCI, in exchange for a
GA Telesis and Wafra Capital Partners jointly announced that GA Telesis has raised $500m from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle will be named GA Telesis Aviation Investments LLC (“GAIN”) and will be managed by GA
