Financial

SIAEC Group posted a profit attributable to owners of the parent of $60.5m for the quarter ended 31st December 2013. During the quarter, revenue increased by $5.6m or 2.0% to $283.8m, while expenditure grew at a higher rate of 4.7% or $11.6m. As a consequence, operating profit of $25.2m was $6.0m lower than that for […]

Apollo Aviation Group, a multi-strategy aviation investment manager specializing in mid-life and mature aircraft, has contracted to purchase five aircraft for $53m in the fourth quarter of 2013 on behalf of its second aviation fund, SASOF II. The aircraft include three in-production models (A320ceo family aircraft). Since SASOF II’s inception, Apollo Aviation has contracted to

Wesco Aircraft, a leading provider of comprehensive supply chain management services to the global aerospace industry, has entered into an agreement to acquire Haas Group for $550m in cash, subject to certain closing adjustments, from certain investment funds affiliated with The Jordan Company. With $573.5m in 2012 revenues, Haas is a leading global provider of

B/E Aerospace reported that fourth quarter 2013 commercial aircraft segment (CAS) revenues increased 19.6% while operating earnings of $84.0m increased 22.4% as compared with the prior year period. Operating margin of 17.6% expanded 40 basis points as compared to the same period of the prior year, due to operating leverage at the higher revenue level

Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259

For the fourth quarter 2013, AAG reported a GAAP net loss of $2.0bn, which includes $2.4bn of net special charges. This compares to a net profit of $262m, which includes $350m of net special credits in the fourth quarter 2012. AAG’s GAAP financial results include the results for US Airways only for the period from

Alaska Air Group reported fourth quarter 2013 GAAP net income of $78m, compared to GAAP net income of $44m in 2012. Excluding mark-to-market fuel hedge gains of $2m ($1m after tax), the company reported record fourth quarter 2013 net income of $77m compared to net income excluding mark-to-market fuel hedge losses of $50m in 2012.

Southwest Airlines posted fourth quarter net income, excluding special items, of $236m compared to fourth quarter 2012 net income, excluding special items, of $65m. This exceeded the First Call consensus estimate of $.29 per diluted share. Fourth quarter net income was $212m which included $24m (net) of unfavorable special items, compared to net income of

United Airlines (UAL) reported full-year 2013 net income of $1.084bn, an increase of 84% year-over-year, excluding $513m of special charges. Including special charges, UAL reported full-year 2013 net income of $571m. UAL generated $38.3bn of revenue in 2013, an increase of 3.0% year-over-year. The company reported fourth quarter 2013 net income of $298m excluding $158m

ATR ended 2013 breaking new annual records. The manufacturer increased its turnover to US$1.63bn, an increase of 13% compared to the previous year (2012: $1.44bn). Meanwhile, ATR continued to increase the pace of its deliveries, allowing it to achieve a new record with 74 aircraft delivered to customers during the year; an increase of 16%