The Lufthansa Group closed the first quarter 2010 with revenue of EUR 5.8 billion (previous year: EUR 5.0 billion) and an operating loss of EUR 330 million (previous year: operating loss of EUR 44 million). The net loss for the period came to EUR 298 million (previous year: net loss of EUR 267million). The result
Air Canada reported a reduced operating loss of $126 million in the first quarter of 2010 compared to the operating loss of $188 million in the first quarter of 2009, an improvement of $62 million. Air Canada’s operating revenues increased $128 million or 5 per cent from the same quarter in 2009. Earnings before interest,
Astronics Corporation reported financial results for the first quarter of 2010. Sales in the first quarter of 2010 were $46.9 million, down $3.1 million, or 6.2%, from the prior year period. The 2010 first quarter included sales for Astronics’ DME subsidiary for the entire period while the 2009 first quarter included DME sales for a
Aircastle Limited reported first quarter net income of $18.9 million and adjusted net income of $20.6 million. First quarter total revenues were $130.6 million, a decrease of $1.6 million from the first quarter 2009, and reflect higher lease rental revenue of $4.1 million offset by lower end of lease maintenance revenue of $1.3 million and
Pinnacle Airlines Corp. reported first quarter 2010 net income of $1.7 million. These results were lower than net income and EPS for the first quarter of 2009 of $2.7 million excluding special items. Major winter storms during the first quarter of 2010 had a severe impact on the financial and operating results of the Company’s
WestJet reported first quarter 2010 net earnings of $13.8 million which marks its 20th consecutive quarter of profitability. Excluding the impact of a one-time special item related to the departure of WestJet’s CEO in the first quarter of 2010, WestJet’s adjusted first quarter net earnings for 2010 were $17.5 million.
Atlas Air Worldwide Holdings announced the closing on a revolving credit facility in connection with pre-delivery deposit payments (PDPs) on the final nine of 12 next-generation Boeing 747-8 wide-body freighters scheduled for delivery to the Company between early 2011 and 2013. The 2010 facility complements an initial PDP facility entered into in February 2008 that
Embraer reported that as a result of a smaller number of aircraft delivered in 1Q10 compared to 1Q09, and a different mix of products, net sales came down from US$ 1,154.1 million in 1Q09 to US$ 990.1 million in 1Q10. In terms of gross profit, the reduction was offset by a good revenue mix, in
The Finnair Group’s operational result was a loss of EUR 26 million, compared with a loss of EUR 48 million a year earlier. Turnover fell by 7% to EUR 481 million. Operating expenses declined by 10%. The result before taxes was a loss of EUR 29 million.
Spirit AeroSystems reported first quarter 2010 financial results reflecting revenue growth, as ship set deliveries for large commercial aircraft increased from the same period in 2009. Spirit’s first quarter 2010 revenues increased to $1.043 billion, up from $887 million for the same period of 2009, as deliveries in the prior year quarter were negatively impacted
