JetBlue reported record second quarter operating revenues of $1.3bn, an increase of 11.0% versus last year. Revenue passenger miles for the second quarter increased 10.5% to 8.50bn on a capacity increase of 5.5%, resulting in a second quarter load factor of 85.3%, an increase of 3.8 points year over year. Net income for the second
FLY Leasing, a global lessor of modern, fuel-efficient commercial jet aircraft, announced its financial results for the second quarter of 2012. FLY’s net income for the second quarter of 2012 were $25.7m compared to $4.1 million in the same period of 2011. The increases in operating lease revenue and net income is primarily due to
Boeing reported that second-quarter net income rose to $1.0bn, on revenue of $20.0bn. Earnings per share rose 2%, reflecting continued strong core performance across the company’s businesses, which more than offset higher pension expense. Earnings per share guidance for 2012 increased to between $4.40 and $4.60 reflecting the strong core operating performance. The company also
MTU Aero Engines Holding AG is making good progress toward its growth targets: by the end of June 2012, the Group had increased its revenues by 16% to €1,559.0m (1-6/2011: €1,346.5m). Operating profit rose by 7% from €164.4m to €175.8m, resulting in an operating profit margin of 11.3% (1-6/2011: 12.2%). Net income also registered a
Dublin based aircraft lessor AWAS, has closed a $360m, 6-year Senior Secured Term Loan to help add resources to fund planned growth. The transaction was rated BBB- by S&P and Ba2 by Moody’s. Proceeds from this Term Loan were used to refinance all nine aircraft funded by AWAS June 2011 $500m Warehouse Facility, arranged by
Volvo Aero reported that net sales during the second quarter increased by 26% to SEK 1,945m (1,547m in 2011). Adjusted for currency fluctuations, net sales during the second quarter increased by 13%. Operating income amounted to SEK 305m compared to SEK 62m in the same quarter of 2011. The improvement is a result of a
For the second quarter 2012, Spirit’s total operating revenue was $346.3m, an increase of $70.4m, or 25.5%, compared to second quarter 2011 on a capacity increase of 16.5%. Total revenue per available seat mile increased to 12.25 cents, up 7.7% compared to the second quarter 2011, driven by total operating yields which increased 9.1% year-over-year
Southwest Airlines reported second quarter 2012 net income was $228m which included $45m (net) of unfavourable special items. This compared to net income of $161m in second quarter 2011, which included favourable special items totaling $40m (net). Excluding special items, second quarter 2012 net income was a record $273m compared to $121m in second quarter
Honeywell released that Aerospace sales were up 8% compared with the second quarter of 2011. Organic growth was 7%, or 4% organic excluding the absence of prior year payments to Business and General Aviation customers to offset preproduction costs (OE payments). Aerospace growth was driven by an 18% increase in Commercial end markets, partially offset
AMR Corporation, the parent company of American Airlines, reported second quarter revenue of $6.5bn, an increase of 5.5% year-over-year and the highest quarterly revenue in company history. In the second quarter of 2012, the company reported a net profit of $95m, excluding reorganization and special items – a $381 million improvement over the second quarter
