United Airlines reported a first-quarter 2013 net loss of $325m, excluding $92m of special charges. Including special charges, UAL reported a first-quarter 2013 net loss of $417m. For the first quarter of 2013, total revenue was $8.7bn, an increase of 1.4% year-over-year. First-quarter consolidated passenger revenue increased 0.7% to $7.6bn, compared to the same period
Southwest Airlines posted its first quarter 2013 results. First quarter 2013 net income was $59m, which included $6m (net) of favorable special items. This compared to net income of $98m, in first quarter 2012, which included $116m (net) of favorable special items. Excluding special items, first quarter 2013 net income was $53m, compared to a
Air Lease Corporation announced a long term lease agreement with KLM for a new Boeing 777-300ER aircraft, which is scheduled for delivery in March 2015. Additionally, ALC and KLM reached agreement on lease extensions for three 737-800s and one 777-200ER, currently operating in the KLM fleet.
MTU Aero Engines Holding AG started the financial year 2013 with a 35% surge in revenues, which amounted to €944.7m in the first quarter 2013, compared with €698.0m in the first quarter 2012. The group generated an operating profit of €89.3m (1-3/12: €91.4m), which corresponds to an EBIT margin of 9.5%. Earnings after tax amounted
Monarch Aircraft Engineering (MAEL) has completed a cabin reconfiguration modification for the Greek airline, Astra Airways. Under the terms of the agreement Monarch’s Part 21J Design Organisation Approval, Monarch Design Services provided a modification which was successfully embodied on their Airbus A320 aircraft.
Messier-Bugatti-Dowty (Safran), inaugurated the company’s new landing gear production facility at its plant in Mirabel, near Montréal. The inauguration represents the culmination of more than a year of construction, and total investments of C$58m. The company has received significant support from the Quebec government for its expansion and modernization program, through the Quebec Ministry of
Safran reported that first-quarter 2013 adjusted revenue was Euro €3,404m, up 9.5% year-on-year, or up 9.6% on an organic basis. Solid revenue growth contribution from Aerospace activities, both in OE deliveries and aftermarket. Sales in Defence were resilient. Positive dynamics in Security. Civil aftermarket up 10.0% in USD terms, driven by first overhaul of recent
Rolls-Royce has won a $1.6bn order, at list prices, from International Airlines Group (IAG) for Trent XWB engines to power 18 Airbus A350-1000 aircraft. The order includes long-term TotalCare service support. In addition, IAG has placed options for a further 18 A350 aircraft. The A350-1000 aircraft is powered exclusively by the higher-thrust version of the
FLYNONSTOP of Kristiansand, Norway, received its first EMBRAER 190 at a ceremony at Embraer’s headquarters in São José dos Campos, Brazil. The aircraft, leased from a third party, will be used to launch nonstop routes between Kristiansand and key cities in Southern and Central Europe.
Astronics Advanced Electronic Systems, a wholly-owned subsidiary of Astronics Corporation, signed a multi-year agreement with Panasonic Avionics to provide Astronics’ EMPOWER In-Seat Power Systems for installation with Panasonic’s In-Flight Entertainment and Connectivity (IFEC) Systems on Airbus A350 aircraft.
