Continental Airlines reported a second quarter 2009 net loss of $213 million. Excluding $44 million of previously announced special charges, Continental recorded a net loss of $169 million. Second quarter results were adversely affected by significant declines in high yield traffic as many business travelers curtailed travel or purchased lower yield economy tickets due to
Southwest Airlines reported its second quarter 2009 results. Net income for second quarter 2009 was $54 million, compared to $321 million for second quarter 2008. Excluding special items, second quarter 2009 net income was $59 million compared to $121 million for second quarter 2008.
UAL Corporation reported a second quarter net loss of $323 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP net profit of $28 million including these items. UAL announced an additional international capacity reduction of 7% for the last four months of 2009.
TAM informs that its wholly owned subsidiary TAM Linhas Aereas S.A. will make its first public issuance, which by restriction will only be directed to qualified investors, in compliance with the Brazilian Securities Commission’s Instruction N. 476, from January 16, 2009, consisting of 600 regular bonds, not convertible into shares, in a single series, in
Forward Air reports second quarter 2009 net income of $2.8 million Forward Air reports second quarter 2009 net income of $2.8 million
Avcorp Industries has entered into an amended transaction with Panta Holdings B.V. (“Panta”). Avcorp and Panta have amended their Investment Agreement dated June 15, 2009, the original terms of which did not receive the approval of the Toronto Stock Exchange (“TSX”). Under the amended agreement, Panta has agreed to purchase 16,157,465 common shares of Avcorp
AAR reported fiscal year 2009 fourth quarter consolidated sales of $371.7 million and income from continuing operations of $20.5 million. Sales decreased 5% from $391.7 million reported in the fourth quarter of last year, and diluted earnings per share from continuing operations decreased 6%. Fourth quarter results include a $10.1 million impairment charge related to
AMR Corporation the parent company of American Airlines reported a net loss of $390 million for the second quarter of 2009. The results include the impact of approximately $70 million in non-recurring charges related to the sale of certain aircraft and the grounding of leased Airbus A300 aircraft prior to lease expiration. Excluding those non-recurring
Boeing has agreed to acquire the business and operations conducted by Vought Aircraft Industries at its South Carolina facility, where Vought builds a key structure for Boeing’s 787 Dreamliner airplane. The Vought facility, located in North Charleston, performs fabrication and assembly of structures and systems installation of 787 aft fuselage sections, which are made primarily
Having already fulfilled its ambitious package of short-term measures designed to generate savings of EUR 225 million this year, the management of Austrian Airlines is now confronting the challenge of improving the company
