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Financial

US Airways Group announces exercise of over-allotment option

US Airways Group reported that the underwriter of its public offering of 19,000,000 shares of common stock has exercised in full the over-allotment option granted to it by the Company. As a result, the Company will sell an additional 2,850,000 shares of its common stock at the offering price of $8.50 per share. Including the

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Vought reports second quarter 2008 financial results

Vought Aircraft Industries reported financial results for its second quarter ended June 29. Revenue for the three months ended June 29, 2008 was $480.7 million, an increase of $53.1 million or 12%, compared with revenue of $427.6 million for the same period last year. Growth was driven by increases in all categories

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TAM posts second quarter profit

TAM S.A. reported its second quarter results for 2008 (2Q08). Operational and financial data, except where otherwise indicated, are presented based on amounts consolidated in Reais (R$) and prepared in accordance with accounting principles generally accepted in Brazil (BR GAAP). TAM reported EBIT and EBITDAR margins of 2.7% and 12% respectively, net income of R$

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Willis Lease Finance net income grows 46% in 2Q08

Willis Lease Finance Corporation reported the ongoing growth of its engine portfolio, high utilization and strong market demand for leased engines contributed to 20% year-over-year revenue growth in the second quarter of 2008. Willis Lease net income available to common stockholders increased 56% to $5.6 million in the second quarter of 2008, compared to $3.6

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SpiceJet signs agreements for $100 million

SpiceJet Limited and WL Ross & Co., a global private equity investor, announced the execution of definitive documents for a funding transaction with WL Ross and others. The completion of the transaction will make up to US$100 million available to SpiceJet. This is higher than the US$80 million proposed earlier and has been made possible

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Aircastle releases second quarter 2008 results

Aircastle Limited reported second quarter total revenues of $145.4 million and net income of $35.3 million. Income from continuing operations for the second quarter was also $35.3 million. During the second quarter, Aircastle acquired two aircraft with an aggregate purchase price of $157.1 million, completing the purchase obligations under the GAIF contract. In addition, Aircastle

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ACE Aviation reports 2nd quarter net income of $830 million

ACE Aviation Holdings reported net income of $830 million for the second quarter of 2008. This included pre-tax gains of $908 million from the sale of Aeroplan and Jazz units in the quarter. ACE recorded an operating loss of $2 million for the quarter. Air Canada reported operating income of $7 million, a decrease of

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AerCap Holdings reports second quarter results

AerCap Holdings N.V. announced the results of its operations for the second quarter ended June 30, 2008. Second quarter 2008 net income was $68.6 million, compared with $34.2 million for the same period in 2007. Sales revenue for the second quarter 2008 was $180.7 million, compared to $84.3 million for the same period in 2007,

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Iberia posts first half net earnings of EUR 20.7 million

Iberia presented the results for the first half of the year. In the first six months of 2008 the airline generated consolidated profit after taxes of EUR 20.7 million and profit from operating activities of EUR 6.3 million. The EBITDAR came to 259.3 million euros, 34.2% less than in the same period of 2007. Revenues

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TAP reports net loss of EUR 136 million

TAP operating revenue rose to EUR 977 million euros during the first six months of the year, 20% higher than the EUR 814 million registered in 2007. However, despite this remarkable growth, net profit was a negative EUR 136 million. The result reflects the brutal rise in fuel prices as TAP spent 312 million euros,

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