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Financial

Goodrich reports fourth quarter net income of $238m

Goodrich reported fourth quarter 2011 net income of $238m on sales of $2,145m. In the fourth quarter 2010, the company reported net income of $148m, on sales of $1,806m.  Segment operating income margin for the fourth quarter 2011 was 19.7%. For the full year 2011, the company reported net income of $810m, on sales of

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Atlas Air Worldwide completes financing arrangements for six B747-8F aircraft

Atlas Air has entered into an $865m term-loan facility with Apple Bank for Savings, guaranteed by the Export-Import Bank of the United States, to finance the company’s six remaining B747-8F aircraft deliveries. The aircraft are expected to be placed in Atlas Air’s international ACMI (aircraft, crew, maintenance and insurance) service. When drawn, the facility will consist

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LAN Airlines reports US$112.5m net income for fourth quarter 2011

 LAN Airlines S.A. reported net income of US$112.5m for the fourth quarter of 2011, a decrease of 31.6% compared to the US$164.6m reported in fourth quarter 2010. Results in the fourth quarter 2011 reflected costs related to the startup of LAN’s operations in Colombia and the ongoing effects of the volcanic ash cloud on domestic operations

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Hawaiian Holdings reports full year 2011 net loss of $2.6m

For the full year 2011, Hawaiian Holdings reported consolidated net loss of $2.6m on total operating revenue of $1.65bn. This compares with net income of $110.3m on total operating revenue of $1.31bn for the full year 2010. Reflecting economic fuel expense and excluding non-recurring lease termination charges related to the purchase of 15 Boeing 717-200 aircraft

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UPS delivers record fourth quarter results

UPS reported fourth quarter 2011 adjusted diluted earnings per share of $1.28, a 21% improvement over the prior-year period. Total revenue increased 6% to $14.2bn and adjusted operating profit climbed 17% to more than $2bn. For the full year 2011, UPS achieved a new high in adjusted diluted earnings per share at $4.35. On a reported basis,

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ANA posts financial results for first nine month of full year 2011

ANA Group reported its consolidated financial results for the first nine months of fiscal year 2011: operating revenues rose 3% to ¥1,069.8bn, while operating income increased 17.3% to ¥91.1bn and recurring profit by 22.5% to ¥71.4bn. Net income for the period was ¥33.7bn compared with ¥37.5 billion the previous year.

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Honeywell reports full-year sales up 13%

Honeywell released that 4Q11 sales were up 8% to $9.5bn versus $8.7bn in 4Q10 – 7% organic growth reflected continued strength in most end markets and the contribution of  new product launches and geographic expansion. Honeywell reported 4Q11 proforma earnings (excluding the impact of pension mark-to-market adjustments)of $1.05 per share, up 21% over $0.87 in 4Q10. 4Q11 earnings

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UAL reports $1.3bn full-year 2011 profit

United Continental Holdings reported full-year 2011 net income of $1.3bn, excluding $483m of special items consisting primarily of integration-related costs. Including special items, UAL reported full-year 2011 net income of $840m. UAL reported fourth-quarter net income of $109m, excluding $247m of special items. Including special items, UAL reported a fourth-quarter 2011 net loss of $138m.

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JetBlue announces 2011 annual profit

JetBlue Airways Corporation reported pre-tax income of $40m in the fourth quarter.  This compares to pre-tax income of $13m in the year-ago period. For the full year 2011, JetBlue reported pre-tax income of $145m compared to a pre-tax income of $161m for the full year 2010. Net income for the fourth quarter was $23m, compared to

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