Honeywell announced first quarter 2009 sales of $7.6 billion versus $8.9 billion in 2008. Cash flow from operations was $341 million versus $721 million in the first quarter of 2008 and free cash flow (cash flow from operations less capital expenditures) was $232 million, compared to $571 million last year. Honeywell expects full-year sales of
Alaska Air Group reported a first quarter 2009 net loss of $19.2 million, compared to a net loss of $37.3 million in the first quarter of 2008. Excluding mark-to-market fuel hedge gains of $10 million ($6.2 million after tax), the company reported a net loss of $25.4 million compared to a net loss of $37.7
MTU Aero Engines has reported a 10% improvement in revenues to EUR 693.1 million for the first quarter of 2009 (1-3/08: EUR 630.0 million). Discounting the effect of the U.S. dollar exchange rate, revenues decreased by 2%. Operating profit amounted to EUR 75.2 million, compared with EUR 80.0 million in the first three months of
Boeing reported first-quarter net income of $0.6 billion with earnings per share of $0.86 which includes the previously announced $0.38 per share reduction from revised twin-aisle commercial airplane production rates and lower price escalation forecasts. Revenue rose 3% to $16.5 billion on higher commercial airplane deliveries and higher volume in defense. Operating cash flow was
SR Technics enters a new phase in the implementation of its restructuring and longterm growth activities as the new ownership structure for the Group is confirmed. In line with an on-going restructuring programme, SR Technics is implementing a longterm strategy focused on building a platform to expand its global market position and on providing services
Woodward reported net sales for the quarter were $334.7 million, up 9% from $305.8 million for the same quarter of last year. Net earnings for the quarter were $18.5 million compared with $29.7 million in last year’s second quarter. Net earnings for the current quarter included special charges of $0.16 per share as shown below.
AirTran Holdings reported record net income of $28.7 million for the first quarter along with record operating income of $47.7 million. The Company also posted revenues of $542.0 million and achieved the highest first quarter load factor in Company history at 76.3%. The combination of lower fuel prices, low costs, and quality service coupled with
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
