ACE recorded a 2009 consolidated operating loss of $244 million. The loss for the year of $692 million includes net interest expense of $300 million, a non-cash loss of $630 million on ACE’s investment in Air Canada and foreign exchange gains of $531 million. In the fourth quarter of 2009, ACE recorded a consolidated operating
Rolls-Royce continued to make solid progress in 2009 despite difficult trading conditions. The order book (
Air Canada reported a reduced operating loss of $83 million in the fourth quarter of 2009 compared to an operating loss of $146 million in the fourth quarter of 2008, an improvement of $63 million. Air Canada reported a net loss of $56 million in the fourth quarter of 2009 which included gains on foreign
AAR released that results for the third quarter ending February 28, 2010, will be unfavorably impacted by approximately $0.10 diluted earnings per share as a result of Mesa Air Group January 5, 2010 Chapter 11 filing under the United States Bankruptcy Code. The impact mostly reflects the Company’s estimated loss on pre-petition trade accounts receivables
Astronics Corporation reported financial results for the fourth quarter and full year 2009. Results for the 2009 fourth quarter and year include DME Corporation, which was acquired by Astronics on January 30, 2009. Sales in the fourth quarter of 2009 were $45.6 million, up $1.2 million from the prior year period. Astronics’ organic business, excluding
CIT Group announced that its Board of Directors has authorized the voluntary prepayment of $750 million on its $7.5 billion first lien credit facility. The Company will prepay this high cost debt out of its available holding company cash position, which is in excess of $5 billion. The repayment will be made on February 9,
Triumph Group reported that net sales for the third quarter of the fiscal year ending March 31, 2010 totaled $313.5 million, a 10% increase from last year’s third quarter net sales of $285.2 million. Income from continuing operations for the third quarter of fiscal year 2010 was $18.1 million, versus $20.1 million for the third
AeroSystems Holdings reported fourth quarter and full-year 2009 financial results reflecting fourth quarter revenue and earnings growth but an overall decline in full-year earnings. Full-year 2009 ship set deliveries for large commercial aircraft increased from 2008 resulting in higher revenues, while full-year income declined as a result of charges recorded in the second quarter, unfavorable
ExelTech Aerospace has filed a notice of intention (NOI) to file a proposal under the Bankruptcy and Insolvency Act (Canada), seeking protection from its creditors. As a consequence of such filing, any and all recourses of ExelTech
Ryanair announced a 3rd quarter loss of EUR 11 million, down from a loss of EUR 102 million in the 3rd quarter last year. Revenues rose by 1% to EUR 612 million, as 14% traffic growth was largely offset by a 12% decline in average fare. Unit costs fell by 23% (excluding fuel they fell
