For the first 9 months of 2012, the Latécoère Group, a tier 1 partner to major international aircraft manufacturers, posted revenue, excluding non-recurring items, of €416.7m, up +11.7% year on year. At a constant €/US$ exchange rate, organic growth stood at +7.85%; the hedging strategy implemented has allowed the Group to partially benefit of a
Spirit Airlines reported third quarter 2012 financial results. Net income, excluding special items, for the third quarter 2012 was $25.2m, GAAP net income for the third quarter 2012 was $30.9m. Operating margin, excluding special items, for the third quarter of 2012 was 11.8%. Operating margin on a GAAP basis was 14.5% for the third quarter
Virgin Australia announced three transactions designed to accelerate the growth of the business, diversify its earnings and increase competition in Australia. The transactions include: – making a placement of shares to Singapore Airlines, which will see Singapore Airlines owning a 10% interest in Virgin Australia – entering a Share Purchase Agreement to acquire 60% of
B/E Aerospace reported third quarter 2012 revenues of $766.7m an increase of $130.7m, or 20.6%, as compared with the same period of the prior year. Organic revenue growth, excluding 2012 acquisitions, was 10.5%. Operating earnings, adjusted to exclude $4.6m of AIT costs, were $138.9m, an increase of 23.9% and operating margin of 18.1% increased 50
Norwegian (NAS) reported a pre-tax profit of almost NOK900m. This is the company’s best ever result, an improvement of NOK187m from previous year. New aircraft have saved the airline NOK28m in fuel costs compared to the third quarter in 2011. However, these savings are offset by an additional bill of NOK25m – a result from
Finnair is launching a new cost savings program that targets sustainable annual cost savings of €60m by the end of 2014. With this program, Finnair aims to ensure its competitiveness and ability to make future investments. Finnair estimates it will reach a profitable operational result in 2012 after several loss-making years, and its existing structural
For the third quarter 2012, Safran’s revenue was €3,134m compared to €2,728m in the same period a year ago, a 14.9% year-on-year increase. Group revenue increased by 6.2% organically. Third-quarter 2012 revenue increased by €406m on a reported basis, highlighting double-digit growth rates in all businesses: aerospace (original equipment and civil services), Defence (avionics) and
Alaska Air Group reported third quarter 2012 GAAP net income of $163.4m compared to $77.5m in 2011. Excluding the favorable impact of mark-to-market fuel hedge adjustments of $21.2m ($13.1m after tax) the company reported record third quarter 2012 net income of $150.3 million compared to net income excluding special items of $131.1m in 2011. Alaska
JetBlue Airways reported its results for the third quarter 2012. Operating income for the quarter was $113m, resulting in an 8.6% operating margin, compared to operating income of $108m and a 9.0% operating margin in the third quarter of 2011. Pre-tax income of $73m in the third quarter compared to pre-tax income of $56m in
United Continental Holdings reported third-quarter 2012 net income of $520m, excluding $514m of net special charges. Including special charges, UAL reported third-quarter 2012 net income of $6m. UAL third-quarter consolidated passenger revenue decreased 2.6% year-over-year. Third-quarter consolidated passenger revenue per available seat mile (PRASM) decreased 1.3% compared to the same period in 2011. Consolidated unit
