FedEx Corp. reported for the third quarter revenues of $9.44 billion, up 10% from $8.59 billion the previous year, operating income of $641 million, unchanged from a year ago, operating margin of 6.8%, down from 7.5% the previous year and net income of $393 million, down 6% from last year
Spirit AeroSystems reported the completion of an amendment to its existing credit agreements to increase the Company’s $400 million revolving credit facility to $650 million. The transaction enhances the company’s financial flexibility as it continues to invest in product development and win new business across the aerospace industry. The maturity date and interest cost of
River Hawk Aviation released that it has completed an agreement to acquire Carolina Air Charter, Inc. of Charlotte, NC. Carolina Air Charter was established in 1989 to provide quality direct air charter services to meet the special demands of corporate travel. In 2008, Carolina Air Charter is expected to produce in excess of $2,000,000 in
AAR reported fiscal 2008 third quarter net sales of $376.6 million and income from continuing operations of $20.3 million. Sales grew a robust 39% from $271.0 million in the same period last year, and income from continuing operations increased 31% from $15.5 million in the third quarter of the prior year. Organic sales growth was
Embraer recorded fourth quarter 2007 net sales of $1,875.0 million and net sales for FY 2007 of $5,245.2 million. Net Income for 4Q07 and for the full year totaled $200.9 million and $489.3 million. Net revenues for 4Q07 totaled $1,875.0 million, a 77.0% increase compared to $1,059.6 million for the fourth quarter of 2006 (4Q06).
Alaska Air Group released that its board of directors approved a stock repurchase program authorizing the company to purchase up to $50 million of its common stock. The new program follows the completion on Feb. 29, 2008, of a program to repurchase $100 million of the company’s outstanding stock. Under the program just completed, the
In the maintenance, repair and overhaul (MRO) market for commercial aircraft the Lufthansa Technik Group reports a 6.7% rise in external revenues and pre-tax earnings of 287 million euros in 2007. This represents an increase of 18.6% over the previous year. The current Annual Report shows a total revenue of 3.6 billion euros for the
Vought Aircraft Industries, reported financial results for its fourth quarter and year ending Dec. 31, 2007. Revenue for the three months ended Dec. 31, 2007 was $394.9 million, a decrease of $22.7 million or 5%, compared with revenue of $417.6 million for the same period last year. Increased commercial and business jet revenue resulting from
At its meeting on 12 March 2008, the Supervisory Board of Austrian Airlines AG acknowledged the participation of the Saudi-Arabian Austrian businessman Sheikh Mohamed Bin Issa Al Jaber in Austrian Airlines AG by way of a capital increase with full subscription rights of the existing shareholders. At the annual shareholders
