Air France-KLM reported total revenues of €24.36bn (+4.5%) for the full year 2011. Operating costs rose 6.2% to €24.72bn, the rise was limited to 3.0% ex-fuel. Unit cost per EASK rose 1.2% for production measured in EASK up 5.1%, but declined by 2.2% on a constant fuel and currency basis thanks to the €546m in
DVB concluded 184 new transactions with an aggregate volume of €5.6bn and a risk-adequate average interest margin of 313 basis points (2010: 140 new transactions, €4.4bn, 327 basis points). Thanks to the higher new business originated and due to the sale of container boxes by a shipping investment fund managed by DVB, net interest income
EADS’ revenues increased 7% to €49.1bn (FY 2010: €45.8bn). This growth is driven by volume and mix effects at Airbus and the increase of commercial activity at Eurocopter. EBIT before one-off (adjusted EBIT) stood at around €1.8bn (FY 2010: €1.3bn) for EADS and at around €0.5bn for Airbus (FY 2010: around €0.3bn). Net Income increased
The Lufthansa Group closed the financial year 2011 with revenue of €28.7bn (previous year: €26.5bn) and achieved an operating profit of €820m (previous year: €1.0bn). The net result attributable to shareholders came to €-13m (previous year: €1.1bn). It includes a result of discontinued operations of €-285m, which reflects current losses at British Midland and valuation
AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and the year ended December 31, 2011. For the fourth quarter ended December 31, 2011, the Company reported total revenues of $6.7m compared with total revenues of $5.9m for the same period a year ago. For the year ended December 31,
Pemco World Air Services, a leader in MRO and Conversion Services, has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the district of Delaware. The Company expects to quickly restructure and emerge as a stronger and more viable business. The process will allow Pemco to improve
Bombardier Aerospace’s revenues totalled $8.6 bn, compared to $8.8 bn last fiscal year, while EBIT totalled $502 million, or 5.8% of revenues, compared to $554 million, or 6.3%, last fiscal year. Bombardier Aerospace’s backlog increased to $22 bn as at December 31, 2011, compared to $19.2 bn as at January 31, 2011. The group recorded 249 net orders for
Republic Airways Holdings reported revenues of $2.86bn, compared to $2.65bn for 2010. On a GAAP basis, the Company reported a net loss for 2011 of $151.8m compared to a net loss of $13.8m for the full year 2010. For the quarter ended Dec. 31, 2011 the company reported operating revenues of $697.8m, an increase of
Aircastle Limited reported fourth quarter 2011 net income of $35.6m, up 96% and adjusted net income of $31.2m, up 139%. Net income for the year ended December 31, 2011 increased to $124.3m, up 99% and adjusted net income was $100.1m, up 55%. The fourth quarter results included a pre-tax gain of $10.1m from the sale
Vueling achieved a net profit of €10.4m in 2011, despite a 40% increase in the price of fuel. Total revenues reached €863.5m, an increase of 8.4% compared to the revenues recorded in 2010. The increase in revenues is due to a combination of improved unit revenues and increased capacity. The net cash position amounted to
