For the second quarter 2014, American Airlines Group reported a record GAAP net profit of $864m. This compares to a GAAP net profit of $220m in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding
United Airlines reported second-quarter 2014 net income of $919m, an increase of 51% year-over-year, excluding $130m of special items. Including special items, UAL reported second-quarter 2014 net income of $789m. Second quarter of 2014, total revenue was $10.3bn, an increase of 3.3% year-over-year. Second-quarter consolidated passenger revenue increased 3.6% to $9.0bn, compared to the same
JetBlue reported record second quarter operating revenues of $1.5bn. Revenue passenger miles for the second quarter increased 5.7% to 9.6bn on a capacity increase of 6.0%, resulting in a second quarter load factor of 84.6%, a decrease of 0.3 points year over year. Operating expenses for the quarter increased 9.8%, or $119m, over the prior
GE Capital Aviation Services (GECAS) has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014. Delivery of the six aircraft is scheduled for 2016 and 2017. The B777-300ERs will modernize EVA’s long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility
In the first six months of 2014, MTU Aero Engines AG achieved a revenue growth of 2% to €1,815.8m (1-6/2013: €1,774.9m). Operating profit remained stable at €170.7m (1-6/2013: €169.7m), with an EBIT margin of 9.4% compared with 9.6% in the first half of 2013. Net income increased by 4% to €111.0m (1-6/2013: €106.7m). The increase
Western Aircraft, a Greenwich AeroGroup company, added two new buildings totaling 26,000 ft² to its 18-acre leasehold. The new construction includes an expanded parts facility as well as a two-story infill building that houses support shops for Western Aircraft’s services operation. Western Aircraft President Jeff Mihalic said that Western’s business expansion was driven in large
MD Helicopters, a Lynn Tilton company and leading manufacturer of commercial, air-rescue, military and law enforcement helicopters, held a ceremonial delivery of a new MD 500E helicopter for the Polk County Florida Sheriff’s Office (PCSO). The acceptance took place at the MD Helicopters booth, where the aircraft was displayed at the Airborne Law Enforcement Association
Southwest Airlines expanded its OnPoint solution agreement with GE Aviation to cover a total of 196 CFM56-7B engines which power its Boeing 737-800 aircraft, and up to 100 CFM56-7B engines, that power recently acquired Boeing 737-700 aircraft.
Boeing reported second-quarter core earnings per share (non-GAAP) of $2.42, reflecting strong performance and favorable tax items. Commercial Airplanes second-quarter revenue increased 5% to $14.3bn on higher deliveries. Second-quarter operating margin was 10.8%, reflecting the delivery volume and strong performance offset by the $238m pre-tax charge on the KC-46A Tanker program. During the quarter, Commercial
The board of directors of Horizon Air has named David L. Campbell president and chief operating officer, Alaska Air Group announced on July 23rd. Campbell brings with him more than 25 years of experience in maintenance and flight operations, most recently at jetBlue Airways where he served as vice president of maintenance and engineering. Prior
