Financial

Air Lease Corporation reported that revenues in the second quarter increased 31.4% to $207.9m for the three months ended June 30, 2013 compared to $158.2m for the three months ended June 30, 2012. Income before taxes increased 51.1% to $66.3m with a pretax margin of 31.9% for the three months ended June 30, 2013 compared […]

AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2013. The Company reported net income of $0.9m for the second quarter of 2013, compared to net income of $1.0m for the second quarter of 2012. The Company reported net income of $5.0m for the six months

Air Canada reported adjusted net income of $115m in the second quarter of 2013 compared to an adjusted net loss of $7m in the second quarter of 2012. Second quarter EBITDAR amounted to $385m compared to EBITDAR of $312m in the second quarter of 2012, an increase of $73m. On a GAAP basis, Air Canada’s

Virgin America reported its financial results for the second quarter of 2013 with operating income of $27.9m and net income of $8.8m (compared to a year-ago loss of $31.8m, an improvement of more than $40m), on total revenue of $376m for the three months ending June 30. The airline posted an 8.6 point improvement in

Aircastle released that lease rental and finance lease revenues for the second quarter were $162.0m, up $7.5m or 5% year over year, due primarily to the impact of aircraft acquisitions of $26.1m, partially offset by lower revenues due to aircraft dispositions of $9.5m and from the effect of lease extensions, transitions and terminations of $9.1m.

Triumph Group reported that net sales for the first quarter of fiscal year ending March 31, 2014 totaled $943.7m, a 6% increase from last year’s first quarter net sales of $887.7m. Organic sales for the quarter decreased 2% primarily due to a decline in non-recurring revenue. Net income for the first quarter of fiscal year

Etihad Airways, the national airline of the United Arab Emirates (UAE) has unveiled plans to acquire 49% of JatAirways. The Abu Dhabi-based carrier has also been awarded a five year management contract for the Serbian national airline. These are two of the key components of a wide-ranging strategic partnership agreement, signed by Etihad Airways and

Bombardier Aerospace’s revenues amounted to $2.3bn for the three-month periods ended June 30, 2013 and 2012. EBIT before special items totalled $107m or 4.7% of revenues for the second quarter ended June 30, 2013, compared to $99m or 4.4%, last fiscal year. Free cash flow usage totalled $459m (including net addition to property, plant and