Financial
B/E Aerospace record fourth quarter and full year 2007 results
B/E Aerospace reported fourth quarter revenues of $463.5 million reflecting a 44.1% year-over-year organic growth, fourth quarter operating earnings of $67.9 million, 57.9% higher than the fourth quarter of the prior year. Fourth quarter operating margin of 14.6% expanded by 120 basis points versus the fourth quarter of the prior year. B/E Aerospace reported fourth
British Airways presents interim management statement
British Airways presented its interim management statement on Febr. 1st, for the nine months ended December 31, 2007. BA reported operating profit of
AVIC II joins Shanghai Sikorsky
AVIC II, through its subsidiaries Changhe Aircraft Industries Corporation and Shanghai Xinsheng Aviation Industry Investment and Development Company, announced it is joining Shanghai Sikorsky as a shareholder. Shanghai Sikorsky is a civil aerospace joint venture company whose other shareholders are Sikorsky Aircraft Corp. and Shanghai Little Eagle. Sikorsky Aircraft is a subsidiary of United Technologies
Jet Aviation acquires Savannah Air Center
The Swiss-based Jet Aviation Group, one of the leading business aviation services companies, has completed the acquisition of U.S.-based maintenance and completions company Savannah Air Center (SAC). All parties agreed that further details about the transaction, including the transaction size, will not be disclosed. Savannah Air Center will be integrated into Jet Aviation’s maintenance and
Goodrich reports net income of $484 million for 2007
Goodrich reported fourth quarter 2007 net income of $132 million on sales of $1,668 million. In the fourth quarter 2006, the company reported net income of $99 million on sales of $1,495 million. Net income in the fourth quarter 2007, compared with the fourth quarter 2006, was positively affected by increased sales and improved operational
LAN Airlines reports net income of $100.8 million for 4Q07
LAN Airlines S.A. reported its consolidated financial results for the fourth quarter and full year ended December 31, 2007. LAN reported net income of (US)$100.8 million for the fourth quarter of 2007, a 7.7% increase compared to net income of $93.6 million in the fourth quarter of 2006. Net income for full year 2007 reached
JetBlue announces 2007 annual profit
JetBlue Airways Corporation reported its results for the fourth quarter and full year 2007. Net loss for the quarter was $4 million com-pared with fourth quarter 2006 net income of $17 million. For the full year 2007, net income totaled $18 million compared with a net loss of $1 million for the full year 2006.
AirTran Holdings reports 2007 net profit of $52.7 million
AirTran Holding reported net income of $52.7 million for the full year 2007 and for the fourth quarter AirTran reported a net loss of $2.2 million. For the full year and fourth quarter of 2006, AirTran reported net income of $14.7 million and a $3.6 million loss respectively.
