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Financial

ExpressJet reports first quarter loss of $16.1 million

ExpressJet Airlines reported a first quarter loss of $16.1 million. Excluding special items, ExpressJet’s loss totaled $12.7 million or $0.73 per share. ExpressJet generated $189.3 million in revenues during the three months ended March 31, 2010 versus $169.7 million for the three months ended March 31, 2009. Revenue earned during the first quarter 2010 in

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B/E Aerospace reports first quarter 2010 results

First quarter 2010 revenues of $463.5 million declined by $60.2 million, or 11.5%, as compared with first quarter 2009 revenues of $523.7 million. The $60.2 million decrease in consolidated revenues was due to a lower level of demand for consumables and business jet products. First quarter 2010 operating earnings of $72.0 million declined 10.8% as

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Honeywell reports first quarter sales up 3%

Honeywell announced first quarter 2010 sales were up 3% to $7.8 billion versus $7.6 billion in 2009. Excluding non-cash pension expense, earnings were up 21%. Cash flow from operations was $743 million versus $341 million in the first quarter of 2009 and free cash flow (cash flow from operations less capital expenditures) was up 190%

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Volvo Aero reports improved results for first quarter

For Volvo Aero, sales during the first quarter decreased by 6% to SEK 1,910 million, compared to SEK 2,030 M the same period a year ago, mainly due to currency effects. Adjusted for currency fluctuations, sales increased by 5%. Operating income amounted to SEK 152 million, higher than SEK 83 million in the corresponding period

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Alaska Air Group reports first quarter profit of $13.1 million

Alaska Air Group reported net income excluding special items was $13.1 million compared to a net loss excluding special items of $25.4 million in the first quarter of 2009, despite a $27.1 million increase in economic fuel costs. This compares to a First Call mean estimate of $0.35 per share. This is only the third

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Goodrich announces first quarter 2010 results

Goodrich reported first quarter 2010 net income of $111 million on sales of $1,695 million. In the first quarter 2009, the company reported net income of $170 million on sales of $1,696 million. The company’s full year 2010 sales expectation of approximately $7.1 billion is unchanged from its prior outlook, and represents growth of about

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Continental reports first quarter results

Continental Airlines reported a first quarter 2010 net loss of $146 million. Excluding $10 million of severance and aircraft-related special charges, Continental recorded a first quarter net loss of $136 million. Total revenue for the first quarter of 2010 was $3.2 billion, an increase of 7.0% compared to the same period in 2009. Passenger revenue

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