Southwest Airlines reported record first quarter net income of US$453m which included US$2m (net) of favorable special items, compared with first quarter 2014 net income of US$152m, which included US$26m (net) of favorable special items. First quarter 2015 total operating revenues increased 6.0% US$4.4bn, on a 6.0% increase in ASMs, both compared with first quarter
Alaska Air Group posted first quarter 2015 GAAP net income of US$149m compared to US$94m in the first quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments, the company reported record adjusted net income of US$149m compared to adjusted net income of US$89m in 2014.
United Airlines (UAL) reported first-quarter 2015 net income of US$582m, excluding US$74m of special items. Including special items, UAL reported first-quarter net income of US$508m. These results are a record first-quarter profit for the company. For the first quarter of 2015, total revenue was US$8.6bn, a decrease of 1.0% year-over-year. First-quarter consolidated passenger revenue increased
B/E Aerospace reported first quarter 2015 revenues of US$690m an increase of 7.0% as compared with the prior year period (revenues increased 7.7 percent adjusting for the impact of Euro denominated sales). In addition, revenues from the Company’s Russian customers were severely impacted by geopolitical and macroeconomic forces, and demand from defense customers was also
Allegiant Travel Company has purchased three additional A320 aircraft. The aircraft were most recently operated by a carrier in Europe and are scheduled to enter the Allegiant operating fleet in 2015. “We are happy to announce another successful transaction to acquire three additional high quality, used A320 aircraft,” said Jude Bricker, Senior Vice President of
British Airways has signed an exclusive agreement with airline pilot training and resourcing company CTC Aviation to deliver Airbus A320 conversion training for the airline’s newly qualified and experienced pilots; including those changing aircraft type as they move into Command roles. Initial plans will see up to 200 pilots commencing A320 type conversion training with
Avolon, the international aircraft leasing company, announced the completion of a new US$675m 8 year secured debt facility. The new facility will finance up to 21 aircraft at a margin of 1.65%. The facility is financed by six banks based in Europe and Asia-Pacific.
Baltic Aviation Academy, an aviation training centre based in Central Europe, expands its training capabilities into the Asian market by establishing a BAA Singapore training base. In cooperation with its China-based partner, aerospace company Haite Group, BAA Singapore is ready to provide Pilot Type Rating, Cabin Crew and Ground Handling training to Asia, Pacific and
On the 29th January this year Japan’s Skylark Airlines filed for bankruptcy protection after it plans to challenge Japan’s two major carriers, Japan Airlines (JAL) and All Nippon Airways (ANA) failed. Skylark Airlines was formed in 1998 and had aimed to shake up the Japanese air industry by offering low cost flights. However a combination
Safran reported that first-quarter 2015 adjusted revenue was €3,935m, up 14.3% year-on-year including significant positive currency impacts mainly due to the considerable strengthening of the USD. The average USD/EUR spot rate in Q1 2015 was 1.13 compared with 1.37 a year ago. Adjusted revenue growth was 3.4% at constant currency or 2.4% on an organic
