UAL Corporation reported a third quarter net loss of $779 million or $252 million, if non-cash, net mark- to-market losses on fuel hedge contracts and certain accounting charges are excluded, despite an increase of $946 million in consolidated fuel expense.
Honeywell announced third quarter 2008 sales of $9.3 billion, an increase of 6% versus the prior year. Earnings per share of $0.97 compares to $0.81 in the prior year, up 20%. Cash flow from operations was $769 million versus $910 million last year, and free cash flow (cash flow from operations less capital expenditures) was
Continental Airlines reported a third quarter 2008 net loss of $236 million. Excluding $91 million of previously announced special items, Continental recorded a net loss of $145 million. Total revenue for the quarter was $4.2 billion, an increase of 8.8% ($336 million) over the same period in 2007. Passenger revenue for the quarter grew 7.1%
Southwest Airlines reported its 70th consecutive quarterly operating profit. After special charges totaling $247 million primarily related to mark-to-market adjustments on a portion of the future periods’ fuel hedge portfolio required by Statement of Financial Accounting Standard (SFAS) 133, the Company reported a third quarter 2008 net loss of $120 million. This compares to net
Avcorp Industries reported that Mr. Michael C. Scholz, Chairman, Avcorp Industries has acquired securities of Avcorp Industries Inc. which have taken him over securities reporting thresholds. On October 8 and 10, 2008, Mr. Scholz acquired 75,000 common shares of the Company, which when taken together with the 6,468,762 common shares already held or controlled by
Delta reported a pre-tax loss of $50 million for the September 2008 quarter. Excluding special items Delta reported a pre-tax loss of $26 million in the third quarter of 2008 compared to pre-tax income of $363 million in the third quarter of 2007. The year-over-year decrease in pre-tax income was driven by higher fuel prices,
AMR Corporation reported a net profit of $45 million for the third quarter of 2008. The results for the third quarter of 2008 include the impact of several special items. The Company recorded a $432 million gain from the sale of American Beacon Advisors. The Company also recorded $27 million in one-time severance and aircraft
Atlas Air Worldwide Holdings, a leading provider of global air cargo assets and services, said that it expects pretax earnings from operations in 2008 to exceed $65.0 million compared with previous guidance of approximately $85.0 million. Not included in AAWW
Atlas Air Worldwide Holdings announced that the Company
Private jet charter company JetSuite and Mosaic Leasing announced an agreement to finance a portion of JetSuite’s growing fleet of Embraer light jets. JetSuite has ordered a total of 50 firm and 50 options on Embraer Phenom 100 light jets. The company plans to launch operations from Los Angeles and Las Vegas next year with
