MTU Aero Engines Holding AG continues to be on a growth track. In the first nine months of 2005 the company increased its sales as compared with the prior year period by 12 %, from 1,384.3 million
FLYi, Inc., parent of Independence Air, which had previously filed for chapter 11, has reached a tentative agreement with the Aircraft Mechanics Fraternal Association (AMFA) that would enact new wage rates and work rules for Independence Air mechanics. The company and AMFA have been negotiating, under supervision of the National Mediation Board, since June 2002.
FLYi, Inc., parent of low-fare airline Independence Air, announced that FLYi, Inc. and its subsidiaries including Independence Air, have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to restructure the company
Ryanair,Ireland, reported record half year profits of
Japan Airlines Corporation reported for the half year ending September 30, 2005 total operating revenues of 1,112.3 billion yen, up 3.4% on the same period last year. Operating costs were 1,096.5 billion yen (10.9% up on last year), resulting in half year operating income of 15.7 billion yen. Ordinary income was 9.7 billion yen and
Northwest Airlines reached interim labor cost savings agreements with the Air Lines Pilots Association (ALPA) and the Professional Flight Attendants Association (PFAA). The ALPA Master Executive Council agreed to temporary pay and other reductions of $215 million on an annualized basis and PFAA leaders agreed to cuts of $117 million. The ALPA agreement is subject
JetBlue Airways has priced its public offering of 7,500,000 newly issued shares of its common stock at $18.00 per share, generating gross proceeds of $135 million. The Company has also granted to the underwriters of this offering an over-allotment option to purchase up to an additional 1,125,000 shares of common stock which, if exercised in
British Airways announced a pre-tax profit of
WestJet, Canada announced its 2005 third quarter results with net earnings up 43.6% to CDN$30.3 million compared to CDN$21.1 million achieved during the same period last year. In the first nine months of 2005, the airline achieved net earnings of CDN$23.0 million compared to CDN$29.1 million during the first nine months of 2004. Operating revenue
CAE today reported financial results for the second quarter ended September 30, 2005. Earnings from continuing operations were $17.8 million, or $0.07 per share, which compares to second-quarter earnings of $12.8 million or $0.05 per share in the prior fiscal year. All financial information is in Canadian dollars. Excluding non-recurring items, earnings from continuing operations
