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
Frontier Airlines released that a judge of the U.S. Bankruptcy Court for the Southern District of New York has approved the “first day motions” that Frontier and its subsidiaries submitted as part of their voluntary filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Approval of these critical motions helps to ensure Frontier’s
Frontier Airlines Holdings announced that, following an unexpected attempt by its principal credit card processor to substantially increase a “holdback” of customer receipts, which threatened to severely impact Frontier’s liquidity, Frontier and its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Frontier intends to continue normal business operations
SAFRAN reported that consolidated sales amounted to 2,514 million euros for the 2008 first quarter, up 11% at constant scope and exchange rates over the year-earlier period. Aerospace, defense and security businesses grew by 13.2% to 2,377 million euros, at constant scope and exchange rates. Orders for commercial aircraft engines continued to be buoyant, with
UPS lowered its first quarter earnings expectations to $0.86 or $0.87 per diluted share from a previously anticipated range of $0.94-to-0.98. At UPS
