Financial

The Lufthansa Group closed the first quarter of 2011 with revenues of EUR 6.4 billion (previous year: EUR 5.8 billion) and an improvement of EUR 103 million in the operating result to EUR -227 million. Net loss for the period was greater than that of last year, solely as a result of measurement effects under […]

Norwegian reported that high oil prices contributed to the net result after tax of MNOK -293 for the first quarter 2011. The company transported 3.1 million passengers, 14% more than the same quarter last year and the turnover was NOK 1.9 billion, an increase of 19%. Production increased by 28%.

Vueling reported a net loss of EUR 23 million in the first quarter of 2011. The result this quarter has been affected by a 41% rise in the price of fuel. Vueling achieved EUR 127 million turnover in the months from January to March 2011. The number of flights operated fell by 5% as the

The Lufthansa Group closed the first quarter of 2011 with revenues of EUR 6.4 billion (previous year: EUR 5.8 billion) and an improvement of EUR 103 million in the operating result to EUR -227 million. Net loss for the period was greater than that of last year, solely as a result of measurement effects under

Air Transport Services Group, a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers, has obtained a commitment for a new secured $325 million credit facility with a consortium of banks led by SunTrust, and provided an outlook for its anticipated results for the quarter ended

DVB Group released that total income (comprising net interest income after allowance for credit losses, net fee and commission income, net income from financial instruments in accordance with IAS 39, results from investments in companies accounted for using the equity method, and net other operating income/expenses), increased by 68.1%, to EUR 96.0 million during the

MTU Aero Engines Holding AG improved its revenues in the first quarter 2011 by 4 % to EUR 664.8 million (1-3/2010: EUR 640.2 million). The company’s operating profit rose by 17 % to EUR 80.5 million, compared with EUR 68.8 million in the same quarter of the previous year. This brought the operating margin up

Embraer reported that as a result of aircraft deliveries and product mix, 1Q11 revenues increased to US$ 1,055.7 million when compared to US$ 992 million in 1Q10. During the 1Q11, the contribution of aviation services to the Company’s total revenue was 15.4%, above the 2010 contribution of approximately 11%. EBIT and EBIT margin were US$

Air Transport Services Group, a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers, has obtained a commitment for a new secured $325 million credit facility with a consortium of banks led by SunTrust, and provided an outlook for its anticipated results for the quarter ended

DVB Group released that total income (comprising net interest income after allowance for credit losses, net fee and commission income, net income from financial instruments in accordance with IAS 39, results from investments in companies accounted for using the equity method, and net other operating income/expenses), increased by 68.1%, to EUR 96.0 million during the