Financial

For the second quarter, total revenue was $10.0bn, an increase of 0.6% compared to the same period in 2012. Second-quarter consolidated passenger revenue decreased 1.1% year-over-year to $8.7bn, on a consolidated capacity decrease of 2.1% year-over-year. Cargo and other revenue in the second quarter increased 13.8% versus the second quarter of 2012, or $162m, to […]

US Airways Group reported its second quarter 2013 financial results. For the second quarter 2013, pretax profit excluding net special items was $409m, the highest in Company history. Net profit excluding net special items was a record $324m. Net profit excluding net special items for the second quarter 2012 was $321m. The Company’s 2013 second

Boeing reported that second-quarter core earnings per share (non-GAAP) increased 13% to $1.67, driven by strong performance across the company’s businesses. Second-quarter core operating earnings (non-GAAP) also increased 13% to $2.0bn from the same period of the prior year. Second-quarter revenue was $21.8bn, GAAP earnings from operations was $1.7bn and earnings per share was $1.41.

Delta’s net profit for the June 2013 quarter was $844m, excluding special items. This result is a record June quarter profit excluding special items and is a $258m improvement year-over-year. Including $159m in special items, Delta’s GAAP net income was $685m. The company announced a balanced capital deployment plan, targeted at creating up to $5bn

MTU Aero Engines increased its revenues by 19 % to €1,852.2m in the first six months of 2013 (1-6/2012: €1,559.0m). Operating profit for the period came to €171.7m (1-6/2012: €175.8m), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income amounted to €105.1m, compared with €109.7m in the first

B/E Aerospace announced second quarter 2013 financial results. Second quarter 2013 revenues of $850.3m increased $82.2m, or 10.7%, as compared with the prior year period. Second quarter 2013 operating earnings were $158.7m, an increase of 15.2%, and operating margin of 18.7% increased 80 basis points as compared to the prior year period. The growth in

SIAEC Group posted a profit of $69.0m, a decrease of $1.1m or 1.6% compared to the same quarter last year. Revenue decreased $11.1m or 3.7%, primarily due to lower material and fleet management revenue. Expenditure fell by $4.4m or 1.7%, mainly from decreases in subcontract and material costs. The resulting operating profit for the quarter

Erickson Air-Crane, Incorporated has signed a definitive purchase agreement to acquire Air Amazonia Serviços Aeronauticos Ltda. (“Air Amazonia”), the aviation services division of HRT Participações em Petróleo S.A., as well as a fleet of six aircraft and ground facilities. The Company expects the transaction to close in the third quarter, following the satisfaction of certain

Avolon, the international aircraft leasing group, issued a trading update for the first half of 2013. Avolon has now raised total capital of over $5.8bn with a committed fleet of 171 aircraft. Avolon extended and re-priced a $365m revolving warehouse facility and delivered 9 new aircraft valued at over $540m and completed the sale of