Finnair’s financial performance deteriorated and its operating result was a loss of 13.8 million euros, compared with a loss of 13.6 million euros in the corresponding period of the previous year. Due to improvements in operational efficiency, operating costs excluding fuel were in line with expectations, at 425.5 million euros (392.7). Unit costs, excluding fuel, fell
WestJet reported second quarter 2011 net earnings of $25.6 million which is up significantly from the net earnings of $6.8 million reported in the second quarter of 2010. These financial results mark WestJet’s 25th consecutive quarter of profitability. For the third quarter of 2011 WestJet is projecting fuel costs, excluding hedging, to range between $0.90 and
Copa Holdings reported net income of US$41.3 million for 2Q11. Excluding special items, Copa Holdings would have reported an adjusted net income of $56.6 million a 52.9% increase over adjusted net income of $37.0 million for 2Q10. Operating income for 2Q11 came in at $75.4 million, a 72.6% increase over operating income of $43.7 million in 2Q10.
Republic Airways Holdings reported operating revenues of $739.7 million for the quarter ended June 30, 2011, an increase of 8.3%, compared to $683.3 million for the same period last year. The increase in revenues is primarily due to a 10.6% increase in Frontier Airlines’ unit revenues. On a GAAP basis, the Company reported a net
In the first half of 2011, MTU Aero Engines Holding AG boosted its operating profit by 14% to EUR 164.0 million (1-6/2010: EUR 144.1 million). “That’s the best half-year result in the history of MTU,” said Egon Behle, CEO of MTU Aero Engines Holding AG, “and it is reason for us to revise our full-year
During the 2nd quarter of 2011 Embraer delivered 25 jets to the commercial aviation market and 23 to the executive aviation market (20 light jets and 3 large jets), revenues reached $1,358.6 million, and Gross margin grew from 20.2% in 2Q10 to 22.4% in 2Q11. EBIT and EBITDA margin reached 7.8% and 11.3%, respectively, in
Ryanair reported a first quarter net profit of EUR 139 million, a slight increase of 1% on the first quarter of last year. Revenues grew by 29% to EUR 1,155 million as traffic increased 18% and ave. fares rose 11%. Unit costs rose by 14% due to a 49% increase in fuel costs. Excluding fuel,
The Lufthansa Group generated an operating profit of EUR 3 million in the first half of 2011, an improvement of EUR 174 million on the previous year’s period. This development reflects a robust sales growth – Group revenue climbed by 11.4% to EUR 14.1 billion – and positive impacts from the cost management measures. The
Airbus and Satair A/S, a Danish company listed on the NASDAQ OMX Copenhagen, have entered into an agreement under which Airbus will offer the shareholders of Satair a price of DKK 580 in cash per share – and the warrant holders in Satair a price of DKK 378.661 per warrant. The acquisition will be effected
Boeing reported second-quarter net income of $0.9 billion on revenue of $16.5 billion. Operating margin of 9.3% reflects higher Commercial Airplanes volume and strong core performance across the company’s businesses, partially offset by higher pension expense. The company increased its 2011 earnings per share guidance to between $3.90 and $4.10 per share reflecting the strong core
