Southwest Airlines reported its first quarter 2014 results with first quarter net income, excluding special items, of $126m, compared to first quarter 2013 net income, excluding special items, of $53m. First quarter net income of $152m, which included $26m (net) of favorable special items, compared to net income of $59m, in first quarter 2013, which
United Airlines reported a first-quarter 2014 net loss of $489m, excluding $120m of special items. Including special items, UAL reported a first-quarter 2014 net loss of $609m. For the first quarter of 2014, total revenue was $8.7bn, a decrease of 0.3% year-over-year. First-quarter consolidated passenger revenue decreased 2.3% to $7.4bn, compared to the same period
Azul Brazilian Airlines became a new Rolls-Royce customer with the announcement that it is to operate 11 Trent-powered Airbus aircraft. The airline has also signed an agreement worth $400m for TotalCare engine service support. Azul, formed in 2008, will operate six Airbus A330-200 and five Airbus A350-900 XWB aircraft powered by Trent 700 and Trent
Bombardier Aerospace released that a customer in the Middle East and Africa region, who has requested to remain unidentified at this time, placed a firm order for two Q400 NextGen turboprop airliners. Based on the list price of the Q400 NextGen airliner, the order is valued at approximately US$62m.
Vector Aerospace UK, a leading provider of aviation maintenance, repair and overhaul (MRO) services, has selected Atkins Global as a collaborative partner in producing a Safety Management System (SMS) which will enhance the support of its operating processes. “We are looking to optimise and widen our current practices to ensure that we have a single,
Avcorp Industries has received a Strategic Aerospace and Defence Initiative (SADI) Contribution Agreement from the Government of Canada for up to $4.4m to support development of advanced metal bond manufacturing processes and capabilities. In particular, this SADI supported project will assist Avcorp to undertake specific capability development for large, complex metal bonded structural components, for
International Lease Finance Corporation (ILFC) has signed an agreement with Azul Brazilian Airlines (Azul) to lease five Airbus A350-900 and three A330-200 aircraft. The aircraft will be operated on the airline’s new international routes from São Paulo/Campinas airport to the U.S., which are expected to launch in early 2015. The A350-900 aircraft are anticipated to
Delta’s pre-tax income for the March 2014 quarter was $444m, excluding special items, an increase of $363m over the March 2013 quarter on a similar basis. Delta’s net income for the March 2014 quarter was $281m, excluding special items. This is $196m higher year over year despite $163m of non-cash tax expense now recognized after
Boeing Commercial Airplanes first-quarter revenue increased to $12.7bn on higher 787 and 737 deliveries. First-quarter operating margin improved to 11.8% reflecting the delivery volume and mix and lower period costs partially offset by higher R&D. During the quarter, the 787 program reached a 10 per month production rate and completed preliminary design review on the
AAR, a global aerospace and defense contractor, has secured a contract with Aeromexico to provide heavy maintenance, or C checks, on three of the airline’s Boeing 767 aircraft. AAR will perform the work at the Indianapolis Maintenance Center, its largest maintenance, repair and overhaul (MRO) facility in the U.S., located on the Indianapolis airport. Work
