Air Lease Corporation reported that revenues in the second quarter increased 31.4% to $207.9m for the three months ended June 30, 2013 compared to $158.2m for the three months ended June 30, 2012. Income before taxes increased 51.1% to $66.3m with a pretax margin of 31.9% for the three months ended June 30, 2013 compared
AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2013. The Company reported net income of $0.9m for the second quarter of 2013, compared to net income of $1.0m for the second quarter of 2012. The Company reported net income of $5.0m for the six months
Air Canada reported adjusted net income of $115m in the second quarter of 2013 compared to an adjusted net loss of $7m in the second quarter of 2012. Second quarter EBITDAR amounted to $385m compared to EBITDAR of $312m in the second quarter of 2012, an increase of $73m. On a GAAP basis, Air Canada’s
Virgin America reported its financial results for the second quarter of 2013 with operating income of $27.9m and net income of $8.8m (compared to a year-ago loss of $31.8m, an improvement of more than $40m), on total revenue of $376m for the three months ending June 30. The airline posted an 8.6 point improvement in
Willis Lease Finance Corporation (WLFC) reported earnings of $9.7m in the second quarter ended June 30, 2013, compared to $1.6m in the preceding quarter and $2.4m in the second quarter a year ago. For the first six months of 2013, net income attributable to common shareholders was $11.3m compared to $5.0 million in the first
Aircastle released that lease rental and finance lease revenues for the second quarter were $162.0m, up $7.5m or 5% year over year, due primarily to the impact of aircraft acquisitions of $26.1m, partially offset by lower revenues due to aircraft dispositions of $9.5m and from the effect of lease extensions, transitions and terminations of $9.1m.
TransDigm Group Incorporated (TDG), a leading global designer, producer and supplier of highly engineered aircraft components, reported results for the third quarter ended June 29, 2013. Net sales for the quarter rose 5.8% to $488.6m from $461.7 million in the comparable quarter a year ago. Organic net sales growth of 4.5% was driven by an
Triumph Group reported that net sales for the first quarter of fiscal year ending March 31, 2014 totaled $943.7m, a 6% increase from last year’s first quarter net sales of $887.7m. Organic sales for the quarter decreased 2% primarily due to a decline in non-recurring revenue. Net income for the first quarter of fiscal year
Etihad Airways, the national airline of the United Arab Emirates (UAE) has unveiled plans to acquire 49% of JatAirways. The Abu Dhabi-based carrier has also been awarded a five year management contract for the Serbian national airline. These are two of the key components of a wide-ranging strategic partnership agreement, signed by Etihad Airways and
Bombardier Aerospace’s revenues amounted to $2.3bn for the three-month periods ended June 30, 2013 and 2012. EBIT before special items totalled $107m or 4.7% of revenues for the second quarter ended June 30, 2013, compared to $99m or 4.4%, last fiscal year. Free cash flow usage totalled $459m (including net addition to property, plant and
