According to preliminary results, after years of losses, Czech Airlines reported a profit of CZK 111 million . Its financial results are more than half a billion crowns better than in 2006, when its finances ended up with a loss of CZK 396 million. The plan for 2007 had expected a profit in the range
Iberia closed 2007 with net earnings of 327.6 million euros, making it one of the best years in company history. Pre-tax profits came to 446.4 million euros, 170.3% above those of 2006. This performance gave the Spanish airline its twelfth consecutive profitable year. Iberia posted 2007 operating earnings of 283.5 million euros, up by 161.6
Fourth quarter 2007 net income was $45.1 million, compared with a net loss of $8.0 million for the same period in 2006. Fourth quarter 2007 net income excluding non-cash charges relating to the mark-to-market of interest rate caps and share-based compen-sation was $57.0 million, an increase of 11% vs. fourth quarter 2006 of $51.2 million
For the full year ended December 31, 2007, AAWW posted net income of $132.4 million more than double 2006 levels, on revenues of $1.563 billion. Operating income of $154.8 million and pretax income of $132.7 million included a nonrecurring gain of $3.5 million on the disposal of aircraft and engines. For the quarter ended December
The Lufthansa Group’s revenue totalled Euro 22.4 billion (previous year: Euro 19.8 billion) at the end of the financial year 2007 according to preliminary figures. The operating result of EUR 1,378 million (previous year: Euro 845 million) exceeded the profit target. The positive business development and income from portfolio management also made their mark on
The Board of Directors of Goodrich Corporation approved an increase to the company’s existing Share Repurchase Plan to authorize the repurchase of up to an additional $300 million of the company’s common stock, bringing the total authorization to $600 million. Since the initial $300 million authorization was approved in October 2006, the company has repurchased
Pinnacle Airlines reported fourth quarter 2007 net income of $6.7 million excluding a potential one-time, non-cash charge that the Company is analyzing. The Company’s net income were $12.3 million for the fourth quarter of 2006, excluding nonrecurring items. The 2007 financial results reflect the contractual changes in the airline services agreement (the “ASA”) between the
ExelTech Aerospace a leading aircraft maintenance, repair and overhaul (“MRO”) provider with operations in Montreal and Quebec City, reported its financial results for the third fiscal quarter, which ended December 31, 2007. (All amounts are in Canadian dollars). Revenues for the quarter ended December 31, 2007 totalled $14.6 million compared to $14.0 million for the
Genesis Lease Limited announced its financial results for the fourth quarter and year ended December 31, 2007. For the quarter ended December 31, 2007, rental revenues were $54.9 million, compared to $41.6 million for the same period in 2006, an increase of 31.8%. Net income was $6.4 million, compared to $7.0 million for the same
Philippine Airlines incurred a loss of $11.3 million for October-to-December 2007, but still emerged with a profit of $11.5 million for the first nine months of its 2007-2008 fiscal year. The loss contrasted with net income of $79.5 million in the same period in 2006 The flag carrier earned $15.3 million in operating income in
