Financial

LAN CARGO announced that it has reached a plea agreement with the Department of Justice of the United States (

Lockheed Martin Corporation reported fourth quarter 2008 net earnings of $823 million, compared to $799 million in 2007. Net sales were $11.1 billion, compared to fourth quarter 2007 sales of $10.8 billion. Cash from operations for the fourth quarter of 2008 was $997 million, compared to $425 million in 2007. For the year ended December

Southwest Airlines reported a fourth quarter 2008 net loss of $56 million compared to net income of $111 million for fourth quarter 2007. Excluding these special charges and other items, fourth quarter 2008 net income was $61 million compared to $87 million in fourth quarter 2007.

UAL Corporation reported results for the fourth quarter ended Dec. 31, 2008. The company reported a pre-tax loss, excluding non-cash, net mark-to- market hedge losses and certain accounting charges, of $547 million for the quarter. This compared to an adjusted pre-tax loss of $105 million in the fourth quarter of 2007, as the recent fall

AMR Corporation reported a net loss of $340 million for the fourth quarter of 2008. The results for the fourth quarter of 2008 include the impact of two special charges: a $23 million charge for aircraft groundings, facility write-offs and severance related to the Company’s previously announced capacity reductions during the last four months of

The European Union approved a EUR 200 million short term loan for Austrian Airlines AG, as the company awaits approval for its takeover by Germany’s Lufthansa AG.

Forward Air Corporation has revised its fourth quarter guidance for earnings per diluted share to a range of $.27 to $.29. Previously, the Company

As part of the SAS Group

Mesa Air Group announced fourth quarter losses from continuing operations of $22.3 million on gross operating revenues of $325.3 million. This compares to losses from continuing operations of $62.2 million in the fourth quarter of 2007 on gross operating revenues of $327.8 million. Total operating revenues decreased $2.6 million year-over-year, or 0.8%, primarily as a

Air France-KLM and Alitalia have reached an agreement to strengthen their partnership cemented by Air France-KLM taking a minority stake in Alitalia. Air France-KLM will subscribe to a reserved capital increase for an amount of some 323 million euros. As a result of this operation, Air France-KLM will own 25% of the capital of Alitalia.