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Financial

Northwest Airlines reports fourth quarter net loss of $8 million

Northwest Airlines reported a 2007 pre-tax profit of $764 million before reorganization items, a 154 percent improvement over its 2006 pre-tax income of $301 million before reorganization items. For the fourth quarter 2007, Northwest reported a net loss of $8 million. Results for the fourth quarter include a $14 million pre-tax loss associated with the

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Frontier's loss widens in 3rd quarter; to sell 4 Airbus aicraft

Frontier Airlines Holdings reported a consolidated net loss of $32.5 million for the Company’s third fiscal quarter ended December 31, 2007 compared to a consolidated net loss of $14.4 million for the same period last year. Included in the consolidated net loss for the quarter ended December 31, 2007 was a non-cash mark to market

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Cessna delivered record 387 business jets in 2007

Cessna Aircraft Company delivered 1,274 aircraft in 2007 – including first deliveries of four models: the newly acquired (from Columbia Aircraft) Cessna 350 and 400 single-engine pistons, the all-new Citation Mustang entry level jet and the upgraded Citation Encore+ business jet. During the year, Cessna delivered 387 business jets, 80 turboprops and 807 piston aircraft.

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Lockheed Martin announces 2007 fourth quarter and year-end results

Lockheed Martin Corporation reported fourth quarter 2007 net earnings of $799 million, compared to $729 million in 2006. Net sales were $10.8 billion in both the fourth quarter of 2007 and 2006. Cash from operations for the fourth quarter of 2007 was $420 million, compared to $333 million in 2006. Net earnings for the year

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US Airways reports annual profit of $427 million

US Airways Group reported its fourth quarter and 2007 results. Net loss for the fourth quarter was $79 million, compared to a net profit of $12 million for the same period last year. Excluding net special items of $37 million, the Company reported a net loss of $42 million for its fourth quarter 2007. For

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Northrop Grumman reports fourth quarter 2007 income of $457 million

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

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GATX Corporation reports 2007 fourth quarter and full-year results

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.

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Southwest Airlines reports fourth quarter earnings

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

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Delta Air Lines reports fourth quarter 2007 net loss

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.

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