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
Triumph Group released that for the fourth quarter ended March 31, 2010, net sales were $352.0 million, a 13% increase from last year’s fourth quarter net sales of $311.2 million. Income from continuing operations for the fourth quarter of fiscal year 2010 increased 11% to $25.0 million versus $22.6 million for the fourth quarter of
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
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
