AirTran Holdings reported a net loss of $34.8 million for the first quarter. During the same quarter in 2007, AirTran reported net income of $2.2 million. AirTran revenues remain very strong, despite generally negative economic news in the U.S. Revenues for the first quarter grew 18.3% to $596.4 million, an all-time quarterly record, and passenger
Lockheed Martin Corporation reported first quarter 2008 net earnings of $730 million compared to $690 million in 2007. Net sales were $10.0 billion, an 8% increase over first quarter 2007 sales of $9.3 billion. Cash from operations for the first quarter of 2008 was $882 million, compared to $1.5 billion in 2007.
Airbus announced a general price increase for its aircraft. On top of the 2.74% normal escalation for the year 2007, the price increase comprises an additional two million US Dollars per single-aisle aircraft and four million US Dollars per wide-body long range and A380 Family aircraft. The new pricing will apply as of 1st May
MTU Aero Engines’ revenues in 2007 improved by 7% from
Honeywell reported first quarter 2008 sales increased 11% to $8.9 billion from $8.0 billion in 2007. Earnings were up 30% to $0.85 per share, versus $0.66 per share in the prior year. Cash flow from operations was $721 million versus $578 million in the first quarter of 2007 and free cash flow (cash flow from
Continental Airlines reported a first quarter 2008 net loss of $80 million. Excluding a $5 million after tax gain from the sale of aircraft, Continental recorded a net loss of $85 million. Continental plans to remove from service an additional 14 older, less fuel efficient 737-300 aircraft as leases expire on those aircraft from September
Southwest Airlines reported its first quarter 2008 results. Net income for first quarter 2008 was $34 million compared to $93 million for first quarter 2007. Excluding special items, first quarter 2008 net income was $43 million compared to $33 million in first quarter 2007.
AMR Corporation reported a net loss of $328 million for the first quarter of 2008. The current quarter results compare to a net profit of $81 million for the first quarter of 2007. Record jet fuel prices contributed significantly to the Company’s loss in the first quarter of 2008. The Company paid $665 million more
Delta Air Lines and Northwest Airlines announced an agreement in which the two carriers will combine in an all-stock transaction with a combined enterprise value of $17.7 billion, creating America’s premier global airline. The new airline, which will be called Delta, will provide employees with greater job security, an equity stake in the combined airline,
Philippine Airlines is launching a new, low-fares unit that will operate a fleet of turbo-propeller aircraft to mostly domestic island points under the brand name
