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Financial

ANA reports profitable start to fiscal year 2008

ANA Group reported consolidated revenue of 345.5 billion yen and operating income of 14.6 billion yen for the first quarter of fiscal year 2008, ended June 30, a drop of 1.2% and increase of 10.5% respectively. Net income decreased 92.4% year-on-year to 6.6 billion yen, accounted for by an extraordinary gain on the sale of

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Lufthansa increases operating result in 1st half-year 2008

In the first half-year 2008 the Lufthansa Group reported revenue of EUR 12.1 billion (previous year: EUR 10.1 billion) and increased the operating result by EUR 219 million to EUR 705 million. This reflects the altogether stable operating performance and an earnings contribution of EUR 157 million from the fully consolidated SWISS. Net profit for

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B/E Aerospace second quarter results exceed expectations

B/E Aerospace second quarter operating earnings of $84.3 million increased by 41.7% as compared with the second quarter of the prior year. Second quarter operating margin of 16.1% expanded by 120 basis points compared to the second quarter of the prior year. second quarter net earnings of $53.9 million increased by 89.8% as compared with

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BA completes purchase of L'Avion

British Airways has completed its purchase of French airline L’Avion on July 25th. L’Avion will operate as a subsidiary of British Airways and will become fully integrated with OpenSkies by early 2009. British Airways purchased L’Avion at a cost of

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Hawker Beechcraft sells fuel and line service operations to BBA Aviation

Hawker Beechcraft Corporation (HBC) has completed the sale of the majority of its wholly owned fuel and line operations to BBA Aviation. BBA Aviation is a fixed-base operation (FBO) and distribution network. The sale, which was first announced on February 22, 2008, will allow Hawker Beechcraft Services (HBS) to greater concentrate on its core business

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Southwest Airlines reports second quarter earnings

Southwest Airlines reported its second quarter 2008 results. Net income for second quarter 2008 was $321 million compared to $278 million for second quarter 2007. Excluding special items, second quarter 2008 net income was $121 million compared to $195 million for second quarter 2007. The second quarter 2008 results exceed First Call’s mean estimate of

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Alaska Air Group reports second quarter

Alaska Air Group reported second quarter net income of $63.1 million compared to net income of $46.1 million in the second quarter of 2007. Excluding special items, the company reported a net loss of $14.1 million compared to 2007 net income of $47.2 million.

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Goodrich reports second quarter net income of $187 million

Goodrich reported second quarter 2008 net income of $187 million on sales of $1,849 million. In the second quarter 2007, the company reported net income of $125 million on sales of $1,576 million. Second quarter 2008 sales increased 17% and net income per diluted share increased 49% compared with the second quarter 2007.

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