Lufthansa Group reported operating result before restructuring costs and non-recurring effects increased to about €860m in the first nine months of 2013, the operating result, including non-recurring costs for the Score program and project costs for product improvements, came to €660m for the first nine months (previous year: €907m). Lufthansa Group increased its adjusted operating
Finnair’s turnover decreased slightly in the third quarter of the year from the corresponding period in 2012 and totalled €637m. Turnover was affected especially by the year-on-year decline in euro-denominated revenue, driven by the weak yen. Demand for air traffic developed well, but not enough to compensate the decrease in unit revenues, which was reflected
Alaska Air Group reported third quarter 2013 GAAP net income of $289m compared to $163m in the third quarter of 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $20m and a one-time special revenue item of $192m ($120m after tax) that primarily resulted from the application of new accounting rules associated with the
United Airlines (UAL) reported third-quarter 2013 net income of $590m, an increase of 13.5% year-over-year, excluding $211m of special charges. Including special charges, UAL reported third-quarter 2013 net income of $379 million. UAL generated $10.2bn of revenue in the third quarter of 2013 and ended the third quarter with $6.7bn in unrestricted liquidity.
MacCarthy Aviation Holdings announced that the business and assets has been purchased by Berwick Industries, part of the Berwick Group with the new company trading under the name of ‘MAC Interiors’ with immediate effect. The sale, completed at the beginning of October, is a major step forward for the business which has a good order
Hong Kong Aircraft Engineering Company (HAECO) has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services for a cash consideration of US$388.8m, subject to closing adjustments. TIMCO is a U.S. based provider of aircraft maintenance, repair and other services. The Seller is a company controlled by investment vehicles managed by
Elite Aviation, the premier global private jet company, has closed a $50m growth capital commitment to be used strategically across multiple fronts to substantially expand the company’s global footprint. In addition to a very significant fleet expansion, Elite Aviation will go “on the hunt” for geographically strategic acquisitions as well as companies complementary to its
Boeing reported third-quarter core earnings per share (non-GAAP) increased 16% to $1.80, driven by strong performance across the company’s businesses. Third-quarter core operating earnings (non-GAAP) increased 20% to $2.1bn from the same period of the prior year. Third-quarter revenue was $22.1bn, GAAP earnings from operations was $1.8bn and earnings per share was $1.51. Core earnings
B/E Aerospace reported third quarter 2013 revenues of $888.1m, an increase of $121.4m, or 15.8%, as compared with the prior year period. Third quarter 2013 operating earnings were $160.1m, an increase of 19.2%, and operating margin of 18.0% increased 50 basis points as compared to the prior year period. Acquisition, integration and transaction (AIT) costs
US Airways Group reported its third quarter 2013 financial results. For the third quarter 2013, pretax profit excluding net special items was a record $367m, a $174m, or 90%, year-over-year improvement. On a GAAP basis, the Company reported a third quarter pretax profit of $336m, up from $246m in 2012. The GAAP net profit for
