Financial

During the fourth quarter, Volvo Aero

Discovery Air completed its $34 million financing arrangement with the Northwest Territories Opportunities Fund, as previously announced on January 19, 2009. Discovery Air also has received an extension of the expiry date of its $7.5 million operating line of credit to April 30, 2009. Discovery Air’s Class A common shares trade on the Toronto Stock

Qantas announced a profit before tax of $288 million for the half-year to 31 December 2008, a 68.2% decrease on the prior comparative period and reaffirmed its full year profit before tax (PBT) outlook of around $500 million for the 12 months to 30 June 2009. The Chairman of Qantas, Mr Leigh Clifford, said that

Based on initial projections, the Lufthansa Group now expects an operating result of around EUR 1.3 billion for the business year 2008. Previously, a result of around EUR 1.1 billion was forecasted. The increase is substantially attributable to a more stable result development in the fourth quarter than was previously expected. Lower revenues associated with

Ryanair announced a Q3 loss of EUR 102 million, (compared to a profit of EUR 35 million in last year

B/E Aerospace announced fourth quarter and full year 2008 financial results. B/E reported 2008 net sales of $2.1 billion increased 25.8% as compared with 2007, operating earnings of $353.8 million increased $106.8 million, or 43.2%, as compared with 2007 and net earnings of $200.6 million and record net earnings per diluted share of $2.12. Fourth

ANA Group reported its consolidated financial results for the first nine months of fiscal year 2008, ending December 31, 2008. ANA reported an operating income of 40.3 billion yen and a net income of 9.4 billion yen were reported on revenue of 1.1 trillion yen, reductions of 57.1%, 92% and 3% respectively. ANA Group’s main

Honeywell reported that full-year 2008 sales increased 6% to $36.6 billion from $34.6 billion in 2007. Earnings per share were up 19% to $3.76 versus $3.16 in the prior year. Cash flow from operations was $3.8 billion and free cash flow (cash flow from operations less capital expenditures), excluding cash taxes relating to the sale

The SAS Group has reached a definitive agreement with a group of investors from Catalonia, led by the Consorci de Turisme de Barcelona (the “Consorci”) and Catalana d’Inciatives (“Inciatives”), whereby the group of investors will acquire a majority stake in SAS’ subsidiary Spanair S.A. for a cash consideration of EUR 1. Following the transaction, SAS

Continental Airlines reported a 2008 net loss of $585 million, excluding $234 million of previously announced special items, Continental recorded a net loss of $351 million for the year. Weakening economic conditions and highly volatile fuel prices presented financial challenges for the airline in the fourth quarter 2008. Continental recorded a fourth quarter net loss