International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional, based in Aberdeen, to Sector Aviation Holdings Ltd (SAH) for a total consideration of £8m in cash. The sale includes all bmi Regional’s fixed assets and long-term liabilities, including owned and operating lease aircraft. bmi Regional operates a fleet of 18 Embraer […]
IAG signs agreement to sell bmi Regional Read More »
First quarter 2012 results for ATSG included revenues of $145.4m, down 29.6% compared to the first quarter in 2011, Pre-tax Earnings from Continuing Operations was $10.7m, up 6.1% compared to 2011, while net earnings from continuing operations was $6.7m, up 3.8% compared to 2011. Cargo Aircraft Management (CAM) earned $16.8m, up 25% for the first
ATSG reports results for first quarter 2012 Read More »
At Bombardier Aerospace, revenues totalled $1.5bn compared to $2.2bn for the first quarter last fiscal year, while EBIT reached $91m, or 6.1% of revenues, compared to $141m, or 6.4%, for the first quarter last fiscal year. Free cash flow usage of $572m compared to a usage of $168m for the corresponding period last year. Bombardier
Bombardier reports first quarter revenues of $1.5bn Read More »
Emirates revenue for the financial year 2011-12 reached AED 62.3bn (US$ 17bn) growing by 14.9% when compared to the 2010-11 financial year. Despite the strong revenue growth, the stifling cost of jet fuel impacted Emirates’ bottom line with the airline’s profit sitting significantly lower than the previous year at AED 1.5bn (US$ 409m) representing a
Emirates posts significant lower profit for full year 2011-12 Read More »
Vueling made a net loss of €16.5m in the first quarter of 2012, an improvement of 28.7% compared with the same period of last year. The operating result (EBIT) was €-26.8m, a 23.9% improvement on last year. The company increased the number of passengers carried by 24.1% compared with the first quarter of 2011. Vueling‘s
Vueling improves first quarter results by 29% Read More »
SIAEC Group posted a profit attributable to owners of the parent of $269.1m for the financial year ended 31 March 2012, an increase of $10.6m or 4.1% over last year. Share of profits from associated and joint venture companies was $12.5m or 8.7% higher at $156.9m, representing a contribution of 51.8% to the Group’s pre-tax
SIAEC Group post full year net profit of $269.1m Read More »
Air France KLM reported total revenues for the first quarter 2012 of €5.65bn, up 6.0% after a positive currency effect of 1.1%. Unit revenue per equivalent available seat kilometer (EASK) rose 6.6% (+5.5% ex. currency). The operating result was €-597m (€-403m at 31st March 2011). Net result, group share was €-368m (€-367m at 31st March
Air France KLM post first quarter net loss of €368m Read More »
SIAEC Group posted a profit attributable to owners of the parent of $269.1m for the financial year ended 31 March 2012, an increase of $10.6m or 4.1% over last year. Share of profits from associated and joint venture companies was $12.5m or 8.7% higher at $156.9m, representing a contribution of 51.8% to the Group’s pre-tax
SIA Group announce full year 2011-12 results Read More »
The Qantas Group will reduce capital expenditure in 2012/13 by a further $400m in addition to the $500m announced in February, as it pursues competitiveness in all business areas. Capital expenditure in 2012/13 will now total $1.9bn compared with the $2.3bn previously planned, consistent with the Group’s commitment to disciplined capital management. Capital expenditure in
Quantas reschedules A380 deliveries to reduce capital expenditure Read More »
The Lufthansa Group improved revenue by 5.6% to €6.6bn (previous year: €6.3bn) in the first quarter 2012. The additional revenue could however not offset the cost increases, in particular for fuel. Therefore the Group registered an operating loss of €381m (previous year: €-169m). The net result attributable to shareholders amounted to €-397m (previous year: €-507m).
Lufthansa closes first quarter with operating loss of €381m Read More »
