Frontier Airlines filed its Monthly Operating Report for January 2009. Frontier reported an operating profit of $2.8 million and a consolidated net loss of $27.9 million for the month. Excluding reorganization items and mark-to-market fuel hedge transactions, Frontier would have reported an operating loss of $0.4 million and a consolidated net loss of $2.8 million.
AerCap recorded a fourth quarter 2008 net loss of $19.0 million. Included in the fourth quarter 2008 Net loss amount were charges relating to the mark-to-market of interest rate Caps and share-based compensation of $37.7 million, net of tax. The after-tax charge relating to the mark-to- market of the interest rate caps was $35.9 million
Atlas Air Worldwide Holdings announced for the quarter ended December 31, 2008, net income of $62.3 million on revenues of $335.0 million and pretax earnings of $103.5 million. For the full year, AAWW posted net income of $63.7 million on revenues of $1.607 billion and pretax earnings of $113.9 million.
Air France Industries and Hangxin Aviation Engineering Group made a new strategic move in China. Within the context of the ongoing economic crisis, AFI KLM E&M reviewed the key elements of its presence and perspectives in the Chinese MRO market. As a result of the review, Hangxin Aviation Engineering Group and Air France Industries initialed
ExelTech Aerospace announced its financial results for the third fiscal quarter, which ended December 31, 2008. The Company
ExpressJet Holdings, reported a fourth quarter loss, excluding special charges, of $5.7 million versus $27.1 million for the same period in 2007. These results represent a $21.4 million net income improvement. Including special items related to suspended flying operations and tax adjustments related to Section 382 of the Internal Revenue Code, ExpressJet reported a fourth
Hawker Beechcraft Acquisition Company reported net sales of $3.5 billion and operating income of $135.5 million for the 12 months ending Dec. 31, 2008. 2008 net sales were significantly impacted by the four-week strike by the International Association of Machinists (IAM) in August. The strike disrupted manufacturing and assembly operations, which significantly reduced aircraft deliveries
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
