US Airways Group reported that as part of a comprehensive liquidity program launched in mid August, the Company has raised approximately $950 million of financing and near-term liquidity commitments. On October 20, 2008 the Company closed on $800 million of these transactions with $400 million of proceeds used to prepay the Company
Goodrich reported third quarter 2008 net income of $168 million on sales of $1,772 million. In the third quarter 2007, the company reported net income of $127 million on sales of $1,602 million. Third quarter 2008 sales increased 11% and net income per diluted share increased 34% compared with the third quarter 2007. Income from
AirTran Holdings, the parent company of AirTran Airways, reported a net loss of $107.1 million, which included non-operating losses related to its fuel hedging program of $41.5 million, which was comprised of $55.5 million of unrealized losses and $14.0 million of realized gains. During the same quarter of 2007, AirTran reported net income of $10.6
Alaska Air Group reported a net loss of $86.5 million for the third quarter of 2008, compared to net income of $81.8 million in 2007. Excluding special items, the company reported a third quarter net profit of $39.9 million, or $1.10 per diluted share, compared to $78.8 million, or $1.93 per diluted share, in the
Northwest Airlines Corporation reported a third quarter 2008 net loss of $317 million, or $1.20 per share. The reported results include a $410 million non-cash charge associated with marking-to-market out-of-period fuel hedges as required by Statement of Financial Accounting Standard (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities. Excluding this charge, Northwest reported an
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
