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Financial

Safran reports 10.5% revenue growth in first-quarter 2011

Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a

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Boeing reports first-quarter results

The Boeing Company reported first-quarter net income of $0.6 billion on revenue of $14.9 billion. Operating margin of 6.7% reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense. The year-ago quarter included a $0.20 per share tax charge on health care legislation. Total company backlog at quarter-end was

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Volvo Aero reports lower profitability during first quarter

Volvo Aero released that sales during the first quarter decreased by 14% to SEK 1,640 million compared to SEK 1,910 million in the prior year. Adjusted for currency fluctuations and the divestment of Volvo Aero Services, sales during the first quarter increased by 12%. Operating income decreased to SEK 28 million (prior year 152 million)

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Delta Air Lines announces first quarter results

Delta’s net loss for the March 2011 quarter was $318 million which includes $2 million of special items. Driven by the $610 million impact of 30% higher fuel prices, Delta’s net loss was $128 million worse than the March 2010 quarter, excluding special items. Delta generated $452 million in free cash flow for the quarter

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US Airways reports first quarter net loss of $110 million

US Airways reported a net loss excluding special items for the first quarter 2011 of $110 million. This compares to the first quarter 2010 net loss excluding special items of $89 million. On a GAAP basis, the Company reported a net loss for the first quarter 2011 of $114 million, this compares to the first

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Delta Air Lines announces first quarter results

Delta’s net loss for the March 2011 quarter was $318 million which includes $2 million of special items. Driven by the $610 million impact of 30% higher fuel prices, Delta’s net loss was $128 million worse than the March 2010 quarter, excluding special items. Delta generated $452 million in free cash flow for the quarter

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US Airways reports first quarter net loss of $110 million

US Airways reported a net loss excluding special items for the first quarter 2011 of $110 million. This compares to the first quarter 2010 net loss excluding special items of $89 million. On a GAAP basis, the Company reported a net loss for the first quarter 2011 of $114 million, this compares to the first

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Goodrich reports first quarter 2011 net income of $195 million

Goodrich reported first quarter 2011 net income of $195 million, on sales of $1,896 million. In the first quarter 2010, the company reported net income of $111 million on sales of $1,695 million. Full year 2011 outlook for net income per diluted share increased to $5.40 – $5.55, compared to the prior outlook of $5.30

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