Czech Airlines more than doubled its profit in the first three quarters to $22.051 million (profit before tax). This is a year-on-year increase of $12.207 million. Operationally, Czech Airlines has posted a profit of $39.152 million for the first three quarters (operating profit), which constitutes a year-on-year increase of more than one third.
Iberia’s third-quarter results showed net earnings of 30.4 million euros in the quarter, despite rising fuel costs and weaker demand. In the first nine months of 2008, net earnings reached 51.1 million euros, 77% below the figure for the same period of 2007, due to the additional 374.2 million euros that was spent on fuel.
Emirates Airline produced a net profit of Dhs 284 million (US $77 million), for the first six months of its current financial year ending 30th September 2008. This is down 88% compared to Dhs 2.36 billion ($643 million) net profits for the same period in 2007, showing the impact of the record fuel prices earlier
Willis Lease Finance reported that in the third quarter of 2008, income from operations increased to $16.5 million from $5.9 million in the year ago period. Year-to-date, income from operations grew to $34.6 million from $19.5 million in the first nine months of 2007. Willis Lease generated net income of $10.7 million in the third
WestJet announced third quarter net earnings of $54.7 million that compared to $76.1 million reported in the third quarter of 2007, representing a 28.1% decrease. Year to date, 2008 net earnings were $137.4 million, a 16.9% increase from the $117.5 million earned in the same nine months of 2007.
Vought reported that operating income for the third quarter was $30.3 million, an increase of $16.0 million over last year. The improved operating income includes higher military program margins of $28.5 million resulting from the absence of losses on H-60 recorded during 2007 and a $14.3 million decrease in 787 period expenses. These improvements were
International investment and specialised fund and asset management group Babcock & Brown has agreed to sell its rights to manage Babcock & Brown Capital under the Management Agreement between Babcock & Brown and BCM, subject to BCM shareholder approval. Pursuant to the agreement Babcock & Brown will also support the Board of BCM in conducting
Air Canada reported operating income of $112 million for the third quarter of 2008 compared to a record operating income of $351 million in the third quarter of 2007. Fuel expense increased $348 million in the third quarter to $1.1 billion due to record high fuel prices, a 49% cent increase from the third quarter
Air Wisconsin Airlines has agreed to provide a $35 million loan to US Airways. The loan has an initial term of twelve months with optional monthly extensions totaling an additional twelve months, provided certain conditions are met. The loan agreement is part of the comprehensive liquidity program US Airways announced on Oct. 23, through which
Linear Air, the personal jet air taxi service provider in the Northeast, announced the close of $1.3 million in financing which includes new capital and debt. With the new financing, Linear Air is poised to launch its aircraft management program designed to assist those who have very light jet aircraft in the Northeast and Mid-Atlantic
