Delta Air Lines reported financial results for the September 2011 quarter. Delta’s net income for the September 2011 quarter was $765 million, excluding special items. Delta’s GAAP net income was $549 million for the September 2011 quarter. Delta reported that strong top line revenue growth of 10% year over year helped offset the $1 billion
AerCap Holdings N.V. has signed a new $400 million credit facility with a ten year term to provide long term financing for 12 Boeing 737-800 aircraft. The aircraft will be leased to American Airlines and form part of AerCap’s previously announced transaction with American Airlines for the purchase and leaseback of 35 Boeing 737-800 aircraft.
Norwegian reported that third quarter revenue was up by 19.4 % to MNOK 3,376.2, compared to MNOK 2,827.9 the previous year, earnings before depreciation and leasing (EBITDAR) in the third quarter were MNOK 1,206.2, compared to MNOK 839.9 in 2011, earnings before depreciation (EBITDA) in the third quarter were MNOK 1,001.2 compared to MNOK 623.6.
For the third quarter 2011, Safran’s revenue was Euro 2,728 million, compared to EUR 2,593 million in the same period a year ago, a 5.2% year-on-year increase. Group revenue increased by 4.2% organically. Third-quarter 2011 revenue increased by Euro 135 million on a reported basis, highlighting growth in aerospace (civil original equipment and services) and Security (acquisition driven), while
Alaska Air Group reported third quarter 2011 net income of $77.5 million compared to net income of $122.4 million, Excluding mark-to-market fuel hedge losses of $84.3 million ($52.4 million after tax) and fleet transition charges of $2.0 million ($1.2 million after tax), the company reported record third quarter 2011 net income of $131.1 million ompared
Southwest Airlines reported a third quarter 2011 net loss of $140 million which included $262 million (net) of unfavorable special items. This compared to net income of $205 million for third quarter 2010, which included favorable special items totaling $10 million (net). The Company’s operating income was $225 million for third quarter 2011, compared to
AMR Corporation, the parent company of American Airlines, reported a net loss of $162 million for the third quarter of 2011, compared to a net profit of $143 million for the same period of 2010. These results reflect the adverse impact of quarter-end volatility in WTI crude oil prices and foreign exchange rates. WTI prices decreased,
Stony Point Group, a private equity and management firm focusing on middle market companies in the aerospace, defense and industrial sectors, reported the acquisition of the assets Broadwing Air Repair, (BAR). Financial terms of the transaction, which closed October 7, were not disclosed. Located in Melbourne, Ark., BAR is an FAA Part 145 Repair Station that provides
Curtiss-Wright Corporation has acquired the assets of South Bend Controls for $10 million in cash. South Bend Controls is a leading designer and manufacturer of highly engineered, solenoid-based components used in critical applications serving the aerospace and defense, industrial and medical markets, and had sales of approximately $8 million in 2010. The business will operate within
AAR CORP. has acquired Airinmar Holdings Limited (Airinmar), an international provider of aircraft component repair management services. The acquisition was paid for from available cash on hand and it is expected to be modestly accretive to earnings over the balance of the Company’s fiscal year 2012. The newly acquired business will operate as part of
