LAN Airlines reports net income of $91.1 million for first quarter 2008
April 30, 2008
LAN Airlines S.A. reported its consolidated financial results for the first quarter ended March 31, 2008.
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ANA reports profitable fiscal year 2007
April 30, 2008
ANA Group posted a record net income of 64.1 billion yen, a 96% year-on-year increase, in the wake of the sale of its hotel assets on June 1 of the period under review. Despite the loss of revenue from the hotels, consolidated revenue for the twelve months remained practically unchanged at 1.48 trillion yen, thanks
Genesis Lease announces first quarter 2008 results
April 30, 2008
For the quarter ended March 31, 2008, rental revenues were $54.1 million, compared to $40.5 million for the same period in 2007, an increase of 33.6%. The increase in rental revenues was primarily the result of the acquisition of an additional 12 aircraft in 2007, whereby Genesis increased its portfolio from 41 aircraft on January
Finnair's financial condition strengthened
April 30, 2008
Finnair’s turnover grew in the first quarter by 9% to 577 million euros. The operational result strengthened to 11 million from nearly 6 million euros the previous year. “Following last year’s good profit development, we have entered this year in a good position. Finnair’s balance sheet position is strong and our business is fundamentally in
Silverjet enters into MOU with UAE based investor
April 30, 2008
Silverjet, the British exclusively business class airline, announces an update on its working capital position and that it has entered into a memorandum of understanding with a UAE based investor (the “Investor”). Following recent material increases in fuel prices and tightening of credit conditions in the airline industry, Silverjet’s working capital has deteriorated and its
WestJet increases first quarter net earnings 75.9%
April 29, 2008
WestJet announced record first quarter net earnings of $52.5 million, a 75.9% increase over the $29.9 million in the first quarter of 2007. The airline’s diluted earnings per share (EPS) for the first quarter was 40 cents compared to 23 cents in the same period last year, an increase of 73.9%. First quarter revenue was
B/E Aerospace record first quarter results
April 28, 2008
B/E Aerospace announced financial results for the first quarter of 2008. First quarter revenues of $473.2 million reflect 22.0% year-over-year organic growth, first quarter net earnings of $48.5 million increased by 51.1% compared to the first quarter of the prior year. First quarter net earnings per diluted share of $0.53 increased by 32.5%, despite the
Republic Airways reports first quarter 2008 results
April 24, 2008
Republic Airways Holdings reported operating revenues of $363.9 million for the quarter ended March 31, 2008, a 25.3% increase, compared to $290.4 million for the same period last year. The Company reported net income of $20.2 million for the quarter ended March 31, 2008, compared to $19.3 million reported in the prior year
US Airways reports first quarter net loss of $236 million
April 24, 2008
US Airways Group reported a net loss for its first quarter 2008 of $236 million compared to a net profit of $66 million for the same period last year. Excluding net special items of $3 million, the Company reported a net loss of $239 million for its first quarter 2008. This compares to a net
Alaska Air reports first quarter 2008 results
April 24, 2008
Alaska Air Group reported a first quarter net loss of $35.9 million compared to a net loss of $10.3 million in the first quarter of 2007. Both periods include adjustments resulting from mark-to-market fuel hedge accounting. Excluding the impact of these adjustments, the company would have reported a net loss of $36.3 million compared to
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