EADS reported increased revenues and profitability for the first half of 2013, driven mainly by its commercial aircraft business. Order intake increased sharply to €96.6bn with the order book value reaching €634.8bn at the end of June. The reported EBIT amounted to €1.5bn with a half-year Net Cash position of € 5.9bn. In the first
SAS (Scandinavian Airlines System Denmark -Norway- Sweden) has on 30 July 2013 managed to accomplish a private placement of €35m. The private placement is unsecured and has a 5 years term. The funds will be used to support SAS’ longer term liquidity level and be used to pay off upcoming unsecured maturing debt. The private
WestJet announced its 33rd consecutive quarter of profitability, with record second quarter net earnings of $44.7m. This compares with the net earnings of $42.5m reported in the second quarter of 2012. These results include $8.4m of one-time pre-tax transition costs associated with WestJet’s business transformation initiative. Based on the trailing twelve months, the airline achieved
Milestone Aviation Group, the global leader in helicopter leasing, has closed a new $300m credit facility. The company will use the proceeds to acquire and lease helicopters valued at $400m to affiliates of Bristow Group Inc. The assets include Sikorsky S-92’s, Eurocopter EC225’s and AgustaWestland AW189 and AW139 aircraft. The Milestone facility is the largest-ever
In the second quarter of 2013 Embraer delivered 22 commercial and 29 executive (23 light and 6 large) jets; the Company’s firm order backlog grew to US$17.1bn, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment. As a result of aircraft deliveries,
Safran delivered strong progress in performance in first-half 2013. For first-half 2013, Safran’s revenue was €7,066m, compared to €6,413m in the same period a year ago, a 10.2% year-on-year increase (9.7% organic growth). First-half 2013 revenue increased by €653m on a reported basis, notably highlighting a good performance in aerospace (both organic and from acquisitions).
Republic Airways reported diluted earnings per share of $0.46, which is a 15.0% increase from the $0.40 per diluted share result in the second quarter of 2012. Net income increased 23.0% to $24.6m for the qu arter ended June 30, 2013, compared to net income of $20.0m for the same period last year. Operating revenues
Southwest Airlines reported second quarter 2013 net income was $224m, which included $50m (net) of unfavorable special items. This compared to net income of $228m in second quarter 2012, which included $45m (net) of unfavorable special items. Excluding special items, second quarter 2013 net income was a record $274m compared to $273m in second quarter
For the second quarter, total revenue was $10.0bn, an increase of 0.6% compared to the same period in 2012. Second-quarter consolidated passenger revenue decreased 1.1% year-over-year to $8.7bn, on a consolidated capacity decrease of 2.1% year-over-year. Cargo and other revenue in the second quarter increased 13.8% versus the second quarter of 2012, or $162m, to
Alaska Air Group reported second quarter net income, excluding special items, of $105m compared to adjusted net income of $111m in the prior year quarter. Alaska Air Group recorded net income for the second quarter under Generally Accepted Accounting Principles (GAAP) of $104m compared to net income of $68m in 2012.
