Financial

US Airways announces pricing of $623m aircraft financing

US Airways reported that it priced two offerings of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $623m. The Company intends to use the proceeds from the offerings to refinance two Airbus aircraft currently owned by US Airways, to finance the Company’s purchase of twelve Airbus aircraft scheduled to be

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Safran reports 16% revenue growth in first-quarter 2012

For first-quarter 2012, Safran’s revenue was €3,108m, compared to €2,681m in the same period a year ago, a 15.9% year-on-year increase (7.3% organic growth). First-quarter 2012 revenue increased by €427m on a reported basis. On an organic basis, revenue increased by €196 million as a result of higher OEM volumes and aftermarket in Aerospace and good

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Finnair reports improved results for first quarter 2012

Finnair’s first quarter 2012 turnover grew by 10.9% compared with 10.8%  in 2011, totalling €591.8m, compared to €533.7m in 2011. The Group’s operational result, which refers to the operating result excluding non-recurring items, capital gains and the change in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves,

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United announces first-quarter 2012 results

United Continental Holdings reported a first-quarter 2012 net loss of $286m, excluding $162m of net special charges consisting primarily of integration-related costs. Including special charges, UAL reported a first-quarter 2012 net loss of $448m. UAL first-quarter consolidated passenger revenue increased 5.5% year-over-year while consolidated fuel expense increased 20.8%. UAL ended the first quarter with $7.8bn

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