-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.
B/E Aerospace, Inc. confirmed its 2005 guidance that revenue will be in excess of $800 million and operating earnings growth will be approximately 45% over 2004 results. The Company also raised its 2006 earnings guidance and specified that underlying its existing 2006 guidance is operating earnings growth of approximately 40% over 2005 expected results. Revised
The SAS Group has signed and closed an agreement to sell its 100% stake in European Aeronautical Group (EAG) to Navtech Inc. based in Waterloo, ON, Canada. The shares are sold at a total price of approximately MSEK 162 for the equity plus an additional amount estimated to MSEK 30 based on future revenues. The
Air France reports a net porfit of 717 millino Euros which includes an Amadeus capital gain. Operating profit was up 56% to 528 million Euros. Turnover up 10% to 5.6 billion Euros.
Profits benefit from acceleration in cost reductions -Profit before tax up 11% in H2, up 9% for full year to
Talks between Continental Airlines and the IAM adjourned yesterday in Washington, D.C., with no flight attendant agreement being reached. The chairman of the National Mediation Board (NMB) joined the talks on Tuesday, Nov. 15. The issues have been narrowed to a few remaining items. A final bargaining session has been scheduled for Dec. 7 and
AMR Corp. , the parent company of American Airlines, Inc., announced the pricing of a public offering of 13 million newly issued shares of its common stock at a price to the public of $17.25 per share. AMR has granted the underwriter of the offering a 30-day option to purchase up to an additional 1.95
The U.S. Bankruptcy Court for the Southern District of New York has granted the airline
Australia’s Virgin Blue Holdings Limited reports for the 12 months ended 30 September 2005 $105.2 million Net Profit after Tax. Revenues increased by 14.5% to $1,756.
Mesa Air Group, Inc. announced 4th quarter after tax earnings of $15.0 million on operating revenues of $309.1 million. Total operating revenues for the fourth quarter of 2005 increased $49.1 million, or 18.9%. Net income for the 4th quarter was $15.0 million, compared to net income of $10.7 million for the same period of fiscal
