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Financial

British Airways plans a reduction of 35% in management staff

British Airways announced plans to re-structure its business with a 35 per cent reduction in the number of its 1,715 managers by March 2008. The figure comprises a 50 per cent reduction in senior managers, from 414 jobs to 207, and a proposed 30 per cent reduction in middle managers from 1,301 jobs to 911

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Bombardier shows 3rd Quarter profitable Financial Results

Bombardier announced a profitable third quarter amidst continued challenging aerospace industry conditions. With four of its airline customers under bankruptcy protection, the Corporation nevertheless reported earnings before income taxes from continuing operations (EBT) before special items of $27 million. -Consolidated revenues of $3.3 billion USD -EBT before special items of $27 million USD -Free cash

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Malaysia Airlines Reports Second Quarter Loss

Malaysia Airlines released its second quarter results for the period ending September 2005, reporting a net loss of RM367.7 million. With the loss of RM280.7 million reported for the first quarter, the net loss for the six months is RM648.4 million. The second quarter loss was primarily attributable to continuing high fuel prices. Fuel costs

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Frontier Announces Proposed Offering of Convertible Debentures

Frontier Airlines, Inc. (NASDAQ: FRNT) announced its intention to sell, subject to market and other conditions, $80 million aggregate principal amount of convertible debentures due 2025. Frontier is expected to grant the underwriters an over-allotment option to purchase up to an additional $12 million principal amount of debentures. The interest rate, conversion rate and offering

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Goodrich will annouce financial results at Annual Investor Conference

Goodrich Corporation (NYSE: GR) will host its Annual Investor Conference in New York City. Marshall Larsen, Chairman, President and Chief Executive Officer, as well as other senior management, will discuss the company’s financial results, performance and prospects with investors and security analysts. The entire conference will be webcast, and is scheduled as follows: Webcast Date:

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Turkish Airlines delivers strong growth in Q3 2005

-Revenues up to $1.8 bn (+30%) (2004:$1,358 mn) brought about by: increased seat capacity, up to 13,823 (+16%) and increased load factor, up to 74% (+3 pt). Revenues have been growing at 13% (CAGR) since 2001. -Net Profits up to $106 mn from (+ 31 % ) $81 mn over the same period in 2004.

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