Republic Airways Holdings reported operating revenues of $739.7 million for the quarter ended June 30, 2011, an increase of 8.3%, compared to $683.3 million for the same period last year. The increase in revenues is primarily due to a 10.6% increase in Frontier Airlines’ unit revenues. On a GAAP basis, the Company reported a net
In the first half of 2011, MTU Aero Engines Holding AG boosted its operating profit by 14% to EUR 164.0 million (1-6/2010: EUR 144.1 million). “That’s the best half-year result in the history of MTU,” said Egon Behle, CEO of MTU Aero Engines Holding AG, “and it is reason for us to revise our full-year
During the 2nd quarter of 2011 Embraer delivered 25 jets to the commercial aviation market and 23 to the executive aviation market (20 light jets and 3 large jets), revenues reached $1,358.6 million, and Gross margin grew from 20.2% in 2Q10 to 22.4% in 2Q11. EBIT and EBITDA margin reached 7.8% and 11.3%, respectively, in
Ryanair reported a first quarter net profit of EUR 139 million, a slight increase of 1% on the first quarter of last year. Revenues grew by 29% to EUR 1,155 million as traffic increased 18% and ave. fares rose 11%. Unit costs rose by 14% due to a 49% increase in fuel costs. Excluding fuel,
The Lufthansa Group generated an operating profit of EUR 3 million in the first half of 2011, an improvement of EUR 174 million on the previous year’s period. This development reflects a robust sales growth – Group revenue climbed by 11.4% to EUR 14.1 billion – and positive impacts from the cost management measures. The
Airbus and Satair A/S, a Danish company listed on the NASDAQ OMX Copenhagen, have entered into an agreement under which Airbus will offer the shareholders of Satair a price of DKK 580 in cash per share – and the warrant holders in Satair a price of DKK 378.661 per warrant. The acquisition will be effected
Boeing reported second-quarter net income of $0.9 billion on revenue of $16.5 billion. Operating margin of 9.3% reflects higher Commercial Airplanes volume and strong core performance across the company’s businesses, partially offset by higher pension expense. The company increased its 2011 earnings per share guidance to between $3.90 and $4.10 per share reflecting the strong core
Vueling reported that it made a net profit of 3.6 million euros in the second quarter of 2011. Despite the sharp increase in the price of fuel (+51% compared with the same period of last year), Vueling managed to make a net profit of 3.6 million euros. EBIT was also positive, totalling 4.2 million euros,
JetBlue Airways reported its results for the second quarter 2011. Operating income for the quarter was $86 million, resulting in a 7.5% operating margin, compared to operating income of $95 million and a 10.2% operating margin in the second quarter of 2010. Pre-tax income of $43 million in the second quarter compares to pre-tax income of $52 million
B/E Aerospace reported that second quarter 2011 revenues of $608.9 million increased $125.0 million as compared with the same period of the prior year. Second quarter 2011 results reflect the acquisitions of TSI Group, Satair A/S’s aerospace fastener distribution business and LaSalle Lighting (recent acquisitions). Revenue growth for the second quarter of 2011, excluding recent acquisitions from
