Air Canada reported an operating loss of $146 million for the fourth quarter of 2008 compared to operating income of $72 million in the fourth quarter of 2007, a difference of $218 million. Fuel expense increased $177 million or 29% compared to the fourth quarter of 2007. A net loss of $727 million in the
Astronics Corporation reported sales of $44.4 million in the fourth quarter of 2008, up 22.4% compared with $36.3 million in the fourth quarter of 2007. The Company reported a fourth quarter 2008 loss of $0.2 million, compared with net income of $2.1 million in the 2007 fourth quarter. During the quarter, the Company recorded a
For the 3rd quarter Air France KLM reported that revenues were virtually stable at 5.97 billion euros for production measured in equivalent available seat kilometers (EASK) up 2.3%. Unit revenue measured in EASK was down 2.0%, and by 1.8% on a constant currency basis. Operating costs were up 8.9% to 6.17 billion euros mainly due
Rolls Royce Group reported that order book increased by
ACE Aviation Holdings announced that its Board of Directors has authorized a substantial issuer bid (the Preferred Share Offer) to indirectly purchase for cancellation all of its outstanding Preferred Shares at a purchase price of Cdn$20.00 in cash per Preferred Share. The Preferred Share Offer, made on the same terms and conditions as the previous
WestJet announced fourth quarter and year-end financial results for 2008. The airline reported fourth quarter net earnings of $40.8 million and full-year net earnings of $178.1 million. WestJet reported a fourth quarter earnings before tax (EBT) margin of 9.5%. For the full-year 2008, the airline had an EBT margin of 10.0% and an operating margin
Ladish reported 2008 net income was $32.2 million on sales of $469.5 million. During the fourth quarter of 2008 the Company had diluted earnings per share of $0.60 in comparison to $0.64 in the fourth quarter of 2007.
During the fourth quarter, Volvo Aero
Discovery Air completed its $34 million financing arrangement with the Northwest Territories Opportunities Fund, as previously announced on January 19, 2009. Discovery Air also has received an extension of the expiry date of its $7.5 million operating line of credit to April 30, 2009. Discovery Air’s Class A common shares trade on the Toronto Stock
Qantas announced a profit before tax of $288 million for the half-year to 31 December 2008, a 68.2% decrease on the prior comparative period and reaffirmed its full year profit before tax (PBT) outlook of around $500 million for the 12 months to 30 June 2009. The Chairman of Qantas, Mr Leigh Clifford, said that
