Financial

AeroCentury, an independent aircraft leasing company, reported its operating results for the third quarter ended September 30, 2012. The Company reported net income of $1.1m for the third quarter of 2012, compared to a net loss of $0.2m for the third quarter of 2011. The Company reported net income of $3.4m for the nine months […]

For the 3rd quarter 2012 SAS Group posted revenues of MSEK 11,096 compared to MSEK 10,616 in the 3rd quarter 2011. The number of passengers increased by 315,000 (4.5%), passenger revenue adjusted for currency and nonrecurring items increased by 9.4%, income before tax and non-recurring items amounted to MSEK 607 compared to MSEK 298 in

SAS launched a new comprehensive plan to pave the way for a new, strong and competitive SAS. The plan needs to be fully implemented and new collective agreements must be signed in a very short space of time in order for SAS to have access to necessary funding. This plan will give SAS a fresh

International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months ended September 30, 2012. The Group reported third quarter operating profit of €270m, before exceptional items, €301m excluding bmi (2011: operating profit €363m, before exceptional items). Passenger unit revenue was up 9.1% for the quarter, flat at constant currency. Fuel unit cost

Air Transport Services Group reported financial results as for the third quarter of 2012. Pre-tax third-quarter earnings for Cargo Aircraft Management (CAM) were $17.3m, up 7% from the year-earlier period. Revenues increased 6% to $39.2m. At the end of September, CAM owned 53 aircraft in service condition, including 21 leased to external customers and 32

FLY Leasing, a leading global lessor of modern commercial jet aircraft, has closed a new $250m warehouse facility to support its ongoing acquisition of aircraft. The facility has a two-year draw down period followed by a three-year term period, maturing in November 2017. Deutsche Bank AG, Citigroup Global Markets, Morgan Stanley Senior Funding, Inc., RBC

Air Canada reported earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR), before the impact of certain benefit plan amendments, of $554m in the third quarter of 2012 compared to EBITDAR of $535m in the third quarter of 2011, an increase of $19m. Including the favourable impact of benefit plan amendments, EBITDAR

Vueling made an operating profit of €50.1m in the third quarter of 2012, an improvement of 22% compared to the same period of last year. The operating profit (EBIT) rose by 12% on last year to €68.2m. For the period from January to September, the net profit amounted to €41.3m, an increase of 93%. Vueling’s

Bombardier Aerospace’s revenues totalled $2.3bn, the same level as last fiscal year. EBIT totalled $123m translating into an EBIT margin of 5.4% for the third quarter ended September 30, 2012, compared to $129m, or 5.6%, last fiscal year. Free cash flow usage totalled $68m compared to a free cash flow of $53m for the corresponding