Financial

Honeywell has reported financial results for the second quarter of 2017. Honeywell sales for the second quarter were up over 3% on an organic basis and up 1% on a reported basis. The difference between reported and organic sales is the impact of foreign currency translation, the 2016 spin-off of the former Resins and Chemicals […]

JetBlue Airways has reported its results for the second quarter 2017 with operating income of US$354m, an increase of 13.0% from the second quarter of 2016. Pre-tax income was US$332m, an increase of 14.9% from the second quarter of 2016. Second quarter net income was US$211m, compared to net income of US$181m the previous year.

Ryanair has posted a 55% rise in first quarter profit to €397m. This result is distorted by the timing of Easter in the first quarter, with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor.

DAE Funding (DAEF), a wholly-owned subsidiary of Dubai Aerospace Enterprise (DAE) has priced US$500,000,000 aggregate principal amount of 4.00% Senior Notes due 2020, US$800,000,000 aggregate principal amount of 4.50% Senior Notes due 2022 and US$1,000,000,000 aggregate principal amount of 5.00% Senior Notes due 2024 (collectively, the Notes). The Notes will be fully and unconditionally guaranteed

The Port Authority of New York and New Jersey’s Board of Commissioners gave final approval to a lease agreement with Delta Air Lines for its new US$4bn, 37-gate facility at LaGuardia Airport, the final component of the transformation of LaGuardia into a completely rebuilt, unified 21st century airport. The Port Authority has committed a fixed

Darwin Airline SA, the Swiss airline that operates under the name “Etihad Regional” in various European countries, announced a change in ownership. The existing shareholders, including Darwin’s strategic partner Etihad, have agreed to sell their shares to a new Swiss subsidiary of Adria Airways. The Slovenian carrier is the leading regional airline in Southeastern Europe

Finnair reported that revenues for the 2nd quarter increased by 11.2% year-on-year to €633.4m compared to €569.6m in the previous year. Available seat kilometres (ASK) grew by 6.8% and comparable operating result was €37.5m compared to €3.2m in the second quarter 2016. Operating result was €89.1m including i.a. sales gain on an A350 aircraft. Comparable

United Airlines (UAL) has released its second-quarter 2017 financial results. UAL reported second-quarter net income of US$818m, pre-tax earnings of US$1.3bn and pre-tax margin of 12.7%. Excluding special charges, UAL reported second-quarter net income of US$846m, pre-tax earnings of US$1.3bn and pre-tax margin of 13.2%. For the second quarter of 2017, revenue was US$10.0bn, an

AerCap Holdings N.V. (the Company) has reported that AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust (together, the Issuers), each a wholly-owned subsidiary of the Company, priced their offering of senior notes, consisting of US$1.0bn aggregate principal amount of 3.65% Senior Notes due 2027 (the Notes). The Notes will be fully and