Delta’s reported net loss for the March 2009 quarter was $794 million, or $0.96 per diluted share. “Despite the worst economic recession in our lifetime, the fundamental strength of Delta’s business allowed us to deliver breakeven results this quarter, excluding fuel hedge losses and special items” said Richard Anderson, Delta’s chief executive officer. “We remain
Lockheed Martin Corporation reported first quarter 2009 net earnings of $666 million compared to $730 million in 2008. Net earnings in 2009 included higher pension expense as previously disclosed in the January 22, 2009 earnings release and in the 2008 Form 10-K. In 2009, the FAS/CAS pension adjustment was ($114) million, which decreased net earnings
UAL Corporation reported results for the first quarter ended March 31, 2009. UAL reported a first quarter net loss of $579 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP loss of $382 million including these items. The company reduced its full-year outlook for mainline non-fuel CASM, excluding
AAR CORP reported net income of $20.0 million for the third quarter ended February 28, 2009. Year over year, sales declined from $376.6 million to $338.8 million due mainly to lower sales in the Aircraft Sales and Leasing segment. Excluding Aircraft Sales and Leasing, sales were essentially unchanged from last year. Sales to defense customers
Italian charter airline Livingston Energy Flight has engaged Lufthansa Technik to overhaul its long-haul Airbus A330 fleet. The comprehensive C-checks will be carried out between May and September in Lufthansa Technik Malta
N3 Engine Overhaul Services GmbH & Co. KG in Arnstadt, Thuringia, has successfully completed the company
Southwest Airlines reported a first quarter 2009 net loss of $91 million compared to net income of $34 million for first quarter 2008. First quarter 2009 results included special charges totaling $71 million (net), relating to non-cash, mark-to-market and other items associated with a portion of the Company’s fuel hedge portfolio. Refer to the reconciliation
AMR Corporation, the parent company of American Airlines, reported a net loss of $375 million for the first quarter of 2009, or $1.35 per share. The results include the impact of a $13 million charge to reflect the net present value of future lease payments related to A300 aircraft retirements during the quarter. The current
Discovery Air Inc. has successfully refinanced its existing operating lines of credit through the establishment of an asset-based lending facility with a new lender. This loan facility provides availability of up to $15 million augmented by a limit bulge of up to $10 million during the company’s seasonally busy period during which working capital demands
