Financial
Alaska Air Group reports record fourth quarter and full-year results
Alaska Air Group reported record fourth quarter 2010 net income of $64.8 million compared to net income of $24.1 million in the fourth quarter of 2009. Excluding mark-to-market fuel hedge gains of $28.1 million ($17.4 million after tax), the company reported record net income of $47.4 million compared to net income of $4.4 million excluding
SIA Engineering Group profit grows 21.8%
The SIAEC Group recorded a profit attributable to shareholders of the Company of $197.6 million for the nine months ended 31 December 2010, an increase of $35.4 million or 21.8%. Operating profit of $105.1 million was $35.9 million or 51.9% higher than the corresponding period last year. Revenue rose $101.1 million or 13.8% to $834.9
Court approves Mesa Air Group
The U.S. Bankruptcy Court for the Southern District of New York approved Mesa Air Group
Jackson Square Aviation report 2010 results
Since its formation less than a year ago Jackson Square Aviation (“JSA”), has built a portfolio of 48 aircraft, with a value of $2.2 billion. The company’s fleet consists of 48 narrowbody and widebodyaircraft which deliver through 2012, including 24 A320s, 21 B737-800s, 2 A330-300s and 1 B777-300ER. The average age of the fleet is
Rockwell Collins first quarter fiscal year 2011 net income increased 25%
Rockwell Collins reported net income of $151 million for the first quarter of fiscal year 2011 ended December 31, 2010, an increase of $30 million, or 25%, from $121 million in the same period last year. Revenues in the quarter increased $83 million, or 8%, to $1.11 billion from revenues of $1.03 billion in the
Southwest Airlines reports fourth quarter profit
Southwest Airlines reported its fourth quarter and full year 2010 results. Net income for fourth quarter 2010 was $131 million compared to $116 million for fourth quarter 2009. For the full year 2010, net income was $459 million compared to $99 million for full year 2009.
Delta Air Lines reports $158 million quarterly profit
Delta Air Lines released that net income for the December 2010 quarter was $158 million excluding special items which is a $383 million improvement year over year. Delta’s net income for 2010 was $1.4 billion, excluding special items. Including $851 million in special items, Delta’s net income for 2010 was $593 million. Delta’s GAAP net
Avolon announces second capital raising of $650 million
Avolon, the aircraft leasing group, reported a second capital raising of $650 million comprising $250 million of equity and $400 million of debt finance. The $250 million of additional equity has been raised from Avolon’s existing investors: Cinven, CVC Capital Partners and Oak Hill Capital Partners. A number of other investors have also participated in
