Financial

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

Southwest Airlines has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc., the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines’ closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction values AirTran

Southwest Airlines has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc., the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines’ closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction values AirTran

ANA Group reported consolidated financial results for the fiscal year ended March, 2011. Traffic growth and the expansion of services from Haneda airport in Tokyo contributed to an increase in both revenues and a return to profits during the year. Operating revenues at 1,357.6 billion yen were up by 10.5% on the previous year while

Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a

Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a

The Boeing Company reported first-quarter net income of $0.6 billion on revenue of $14.9 billion. Operating margin of 6.7% reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense. The year-ago quarter included a $0.20 per share tax charge on health care legislation. Total company backlog at quarter-end was

LAN reported a net income of $97.2 million for first quarter 2011, an increase of 10.1% compared to the $88.3 million reported in first quarter 2010. This result is despite the consolidation of $11 million losses generated in the Colombian operations of AIRES, and also reflects LAN

Volvo Aero released that sales during the first quarter decreased by 14% to SEK 1,640 million compared to SEK 1,910 million in the prior year. Adjusted for currency fluctuations and the divestment of Volvo Aero Services, sales during the first quarter increased by 12%. Operating income decreased to SEK 28 million (prior year 152 million)