MTU Aero Engines increased its revenues by 19 % to €1,852.2m in the first six months of 2013 (1-6/2012: €1,559.0m). Operating profit for the period came to €171.7m (1-6/2012: €175.8m), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income amounted to €105.1m, compared with €109.7m in the first
B/E Aerospace announced second quarter 2013 financial results. Second quarter 2013 revenues of $850.3m increased $82.2m, or 10.7%, as compared with the prior year period. Second quarter 2013 operating earnings were $158.7m, an increase of 15.2%, and operating margin of 18.7% increased 80 basis points as compared to the prior year period. The growth in
SIAEC Group posted a profit of $69.0m, a decrease of $1.1m or 1.6% compared to the same quarter last year. Revenue decreased $11.1m or 3.7%, primarily due to lower material and fleet management revenue. Expenditure fell by $4.4m or 1.7%, mainly from decreases in subcontract and material costs. The resulting operating profit for the quarter
Erickson Air-Crane, Incorporated has signed a definitive purchase agreement to acquire Air Amazonia Serviços Aeronauticos Ltda. (“Air Amazonia”), the aviation services division of HRT Participações em Petróleo S.A., as well as a fleet of six aircraft and ground facilities. The Company expects the transaction to close in the third quarter, following the satisfaction of certain
Avolon, the international aircraft leasing group, issued a trading update for the first half of 2013. Avolon has now raised total capital of over $5.8bn with a committed fleet of 171 aircraft. Avolon extended and re-priced a $365m revolving warehouse facility and delivered 9 new aircraft valued at over $540m and completed the sale of
Rockwell Collins reported third quarter fiscal year 2013 earnings per share of $1.20, $0.06 higher than earnings per share of $1.14 in the same quarter last year. The 5% increase in earnings per share was due to improved operating performance and the benefit of share repurchases. Net income for the third quarter of 2013 was
Forward Air Corporation reported that operating revenue for the quarter ended June 30, 2013 increased 7.8% to $159.8m from $148.3 m for the same quarter in 2012. Income from operations was $22.5m, compared with $23.1m in the prior-year quarter. As a percent of operating revenue, income from operations was 14.1%, compared with 15.6% in the
AMR Corporation, the parent company of American Airlines reported results for the second quarter ended June 30, 2013. AMR reported consolidated and mainline passenger revenue of $5.6bn and $4.9bn, respectively – the highest passenger revenue for the second quarter in company history. Net profit was $357m, excluding reorganization and special items, a $262m improvement year-over-year.
Republic Airways has entered into an agreement with an affiliate of the Brazilian Development Bank (BNDES) for the financing of 47 Embraer E175 aircraft. The aircraft will provide service under the terms of the capacity purchase agreement (CPA) with American Airlines announced in January and will fly under the American Eagle brand.
US Airways Group released that its shareholders approved the merger agreement with AMR Corporation (AAMRQ), the parent company of American Airlines. The merger agreement was approved by the affirmative vote of the holders of a majority of the outstanding shares of US Airways stock, which represented over 99% of the votes cast by US Airways
