During the quarter ended June 30, 2012, Avcorp Industries recorded income from operations of $411,000 on $25,192,000 revenue, as compared to a $752,000 operating loss on $20,492,000 revenue for the same quarter in the preceding year; and net income for the current quarter of $13,000 as compared to a net loss of $1,337,000 for the […]
Avcorp reports improved 2nd quarter 2012 results Read More »
The Cathay Pacific Group reported an attributable loss of HK$935m for the first six months of 2012. This compares to the profit of HK$2,808m in the first half of 2011. Loss per share was HK23.8 cents as compared to the earnings per share of HK71.4 cents in 2011. Turnover for the period rose by 4.4%
Cathay Pacific posts first half loss of HK$935m Read More »
Air Canada recorded earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR) of $314m in the second quarter of 2012 compared to EBITDAR of $338m in the second quarter of 2011. Operating income of $63m decreased $10m from the same quarter in 2011.
Air Canada reports second quarter 2012 results Read More »
DVB increased its consolidated net income before taxes (and excluding net result from financial instruments in accordance with IAS 39) by 36.6%, to €91.1m (H1 2011: €66.7m). At €183.9m, total income for the first six months of 2012 (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments
DVB Group posts improved first half 2012 results Read More »
LMI Aerospace Inc., a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace, defense and technology markets, announced that it has acquired TASS Inc., a premier after-market engineering and support services firm. Headquartered in Kirkland, Washington, TASS delivers high-end engineering solutions to aircraft manufacturer, airlines, Maintenance, Repair
LMI Aerospace acquires TASS Read More »
Astronics Corporations reported that sales in the second quarter of 2012 were $65.0m, up $9.5m, or 17.2%, from the prior year second quarter sales of $55.5m. Aerospace sales, which represented 96% of total second quarter sales, increased 20.2% over the prior year period to $62.4m. Test Systems sales decreased to $2.6m for the second quarter
Astronics Corporation reports net income up 14.2% in second quarter 2012 Read More »
L-3 Communications completed the acquisition of Thales Training & Simulation Ltd’s civil aircraft simulation and training business effective August 6, 2012. The company paid £83m (approximately $130m), subject to certain contractual adjustments to the purchase price, and was funded with cash on hand. The business, which is now known as L-3 Link Simulation & Training
L-3 completes acquisition of Thales’ Civil Aircraft Simulation and Training Business Read More »
Ryanair released that significantly higher fuel costs caused Q1 profits to fall by €40m (from €139m last year’s) to €99m. A 6% traffic growth combined with a 4% rise in average fares led to an 11% increase in revenues to €1,284m. Ancillary sales grew by 15% to €286m (outpacing traffic growth) accounting for 22% of
Ryanair's profit down €40m in first quarter of FY13 Read More »
International Airlines Group (IAG) reported consolidated results for the six months ended June 30, 2012. IAG reported a second quarter 2012 operating loss of €4m, before exceptional items (2011: operating profit €190m) and an operating loss for the half year of €253m before exceptional items (2011: operating profit €88m). British Airways made an operating profit,
International Airlines Group reports first half 2012 operating loss of €253m Read More »
Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, reported that net income was $2.4m in the second quarter of 2012, compared to $2.7m in the year ago quarter, due to lower lease rent and maintenance reserve revenue and differences in gains from sale of leased equipment, partially offset by lower net
Willis Lease Finance earns $2.4m in second quarter of 2012 Read More »
