Spirit Airlines released that net income for the third quarter was $28.6 million excluding $1.5 million ($0.9 million net of tax) of unrealized fuel hedge losses and special items. GAAP net income was $27.7 million. Operating income was $46.1 million, resulting in a 16.0% operating margin, excluding $1.5 million of unrealized fuel hedge losses and
United Continental Holdings reported third-quarter 2011 net income of $773 million excluding $120 million of net special items consisting primarily of integration-related costs. On a GAAP basis, UAL reported third-quarter 2011 net income of $653 million. Total revenue was $10.2 billion, an increase of 8.7% compared to the pro forma results for the same period in 2010.
Avolon announces a US$300 million equity capital commitment from GIC, a leading sovereign wealth fund, subject to customary regulatory approval. Avolon has now secured a total of US$1.4 billion in equity capital from GIC and leading private equity firms, Cinven, CVC Capital Partners and Oak Hill Capital Partners. The equity commitment from GIC adds geographic diversity
In January–September 2011, the Finnair Group’s turnover was 1 680.3 million euros (1 506.4 million euros in the corresponding period of 2010). The Group’s operational result, i.e. EBIT, excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves was a loss
JetBlue Airways Corporation reported that operating income for the quarter was $108 million, resulting in a 9.0% operating margin, compared to operating income of $140 million and a 13.6% operating margin in the third quarter of 2010. Pre-tax income was $56 million in the third quarter, which includes a one-time loss related to the early extinguishment of portions
LAN reported net income of $94.5 million in third quarter 2011, a decrease of 11.0% compared to the $106.2 million reported in third quarter 2010. Total revenues in third quarter 2011 reached $1,486.5 million compared to $1,152.3 million in third quarter 2010, operating income reached $161.2 million in third quarter 2011, a 2.9% increase compared
MTU Aero Engines Holding AG increased its revenues in the first nine months of 2011 by 4% to € 2,067.3 million (1-9/2010: €1,992.3 million). The company’s operating profit rose by 8% to € 244.3 million (1-9/2010: €226.1 million), while net income improved by 9% to €134.6 million (1-9/2010: €124.0 million). The EBIT margin thus rose
Boeing reported third-quarter net income of $1.1 billion (up 31%) on revenue of $17.7 billion (up 4%). Operating margin of 9.7% (up 1.5 pts) reflects continued 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 $4.30 and $4.40 per share reflecting the strong core
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.
