El Al released that revenues for the 2nd quarter of 2011 grew by about 6%, to $530.5m. The 47% increase in the price of aviation fuel, and the 9% increase in the value of the shekel in comparison to the dollar, increased the Company’s costs by about $80m before hedging, compared to the parallel quarter
AirAsia released that net profit for the 3rd quarter fell 53% to 152.3m ringgit from 327.3m for the same period last year. Revenue rose 9.9% to 1.08bn ringgit from 979.7m last year, aided by an 8.0% rise in passengers, but fuel expenses rose 45% to 421.2m and staff costs rose 38% to 126.3m. AirAsia announced that based on forward booking trends,
SAS has secured a five year refinancing of 4 Airbus 321 to a total value of approx. US$74m (500 MSEK). Nordea is Agent and Deutsche VerkehrsBank AG (DVB) is Security Trustee in the transaction. The transaction is part of SAS ongoing aircraft refinancing program where loans maturing in 2011/2012 are to be renewed. The financing of two
Willis Lease Finance Corporation has closed a new revolving credit facility. The $345m credit facility, with an interest rate equal to LIBOR plus 2.75%, is available to Willis Lease on a revolving basis for five years through November 2016. The credit facility is provided by a syndicate of banks led by Union Bank, N.A., as
easyJet delivered a strong set of results with underlying profit before tax up by £60m to £248m for the full year, despite a £100m increase in unit fuel costs. This strong performance is due to firm control of costs, effective yield management, the strength of easyJet’s network and focus on customers. Return on Capital Employed
For the third quarter 2011, DVB reported a solid 21.2% increase in net interest income after allowance for credit losses, of €162.1m. At €106.4m, consolidated net income before taxes decreased by 10.7% year-on-year, primarily due to volatile net income from financial instruments in accordance with IAS 39. Total income (comprising net interest income after allowance for
For the three months ended September 30, 2011, Air Lease Corporation reported consolidated net income of $18.3m, compared to a consolidated net loss of $7.7m for the three months ended September 30, 2010. The increase in net income for 2011, compared to 2010, was primarily attributable to the acquisition and lease of additional aircraft. For
Since July 2010 Air Berlin PLC has held a 49.9% stake in NIKI Luftfahrt GmbH. airberlin, the Lauda Private Trust and Niki Lauda have agreed that the Lauda Private Trust will be withdrawing from NIKI Luftfahrt GmbH. The withdrawal of the Lauda Private Trust will be taking place shortly in the course of restructuring measures
EADS reported better than expected nine-month results. In the first nine months of 2011, the order intake reached €93.9bn. EADS’ order book stood at a record level of €503bn. Revenues amounted to €32.7bn. The EBIT before one-off of around €1.1bn was mainly driven by operational improvement from Eurocopter and Airbus commercial activities as well as some favourable phasing
SAS Group reported revenues of MSEK 10,616 for the third quarter of 2011 (10,776 in 2010) and income before nonrecurring items in continuing operations of MSEK 298 (384 in 2010). EBT margin before nonrecurring items in continuing operations was 2.8% (3.6% in 2010). SAS Group reported cash flow from operating activities of  MSEK 232 (-470 in 2010) and income before tax of
