Northrop Grumman Corporation reported fourth quarter 2007 income from continuing operations of $457 million unchanged from $457 million in the fourth quarter of 2006. Fourth quarter 2006 income from continuing operations included a pre-tax gain of $111 million on the sale of approximately 9.7 million shares of TRW Automotive common stock. For 2007, income from
GATX Corporation reported 2007 fourth quarter and full-year results. In the 2007 fourth quarter, income from continuing operations was $41.4 million compared to $28.7 million in the fourth quarter of 2006. Income from continuing operations for the full-year 2007 was $185.8 million compared to $151.4 million per diluted share in the prior year.
Southwest Airlines reported its fourth quarter and full year 2007 results. Net income for fourth quarter 2007 was $111 million compared to $57 million for fourth quarter 2006. Excluding special items, fourth quarter 2007 net income was $87 million compared to $100 million in fourth quarter 2006. For the full year 2007 net income was
Delta reported a pre-tax loss for the quarter of $105 million, an $80 million improvement compared to the prior year period excluding reorganization items. Delta’s net income for the year was $1.6 billion, or $418 million excluding reorganization related items. Delta reported a net loss of $70 million for the fourth quarter.
ABX Air and All Nippon Airways have signed a new ACMI Agreement that extends their landmark relationship through mid-January 2010. Under the new agreement, ABX Air will continue to support ANA’s cargo operations throughout the Asian market, including Japan, China and Thailand, via two ABX Air 767-200 aircraft and ABX Air flight crews and maintenance
Woodward Governor Company reported financial results for its first quarter of fiscal 2008. Net sales for the quarter were $272.1 million, up 20% from $226.2 million for the first quarter of the prior year. Net earnings for the quarter were $25.3 million compared with $17.9 million in the previous year’s first quarter.
Deutsche Lufthansa AG and JetBlue Airways Corporation completed their stock purchase agreement transaction in which Lufthansa now holds a 19% stake in JetBlue. With the conclusion of the financial transaction, Lufthansa and JetBlue will begin exploring innovative commercial arrangements designed to benefit both airlines and their customers.
UAL Corporation reported pre-tax income of $695 million for 2007, the highest since 1999. Pre-tax income excluding special items and severance was $606 million, $665 million higher than 2006. The company generated net income of $403 million in 2007, the first full-year profit since 2000, excluding reorganization items. Excluding special and reorganization items and severance,
GE Aviation and CFM International, GE
AAR reported fiscal 2008 second quarter net sales of $310.6 million and income from continuing operations of $17.9 million. Sales grew 27% from $244.3 million last year, and income from continuing operations increased 28% from $14.0 million in the prior year. For the six months ended November 30, 2007, net sales grew 27% to $616.6
