Financial

The 2009-10 annual report of the Emirates Group – comprising Emirates Airline, Dnata and their subsidiary companies

Iridium Communications reported financial results for the quarter ended March 31, 2010. Total revenue increased 7.9% for the first quarter to $81.7 million compared to $75.8 million during the first quarter of 2009. Commercial service revenue increased 11.0% to $40.9 million in the first quarter compared to $36.8 million during the first quarter of 2009.

Air Cap released that first quarter 2010 net income was $34.4 million, compared with net income of $30.0 million for the same period in 2009. First quarter 2010 net income excluding the impact of the mark-to-market of interest rate caps and share-based compensation was $46.7 million, compared to net income of $31.5 million in the

The Lufthansa Group closed the first quarter 2010 with revenue of EUR 5.8 billion (previous year: EUR 5.0 billion) and an operating loss of EUR 330 million (previous year: operating loss of EUR 44 million). The net loss for the period came to EUR 298 million (previous year: net loss of EUR 267million). The result

Air Canada reported a reduced operating loss of $126 million in the first quarter of 2010 compared to the operating loss of $188 million in the first quarter of 2009, an improvement of $62 million. Air Canada’s operating revenues increased $128 million or 5 per cent from the same quarter in 2009. Earnings before interest,

Astronics Corporation reported financial results for the first quarter of 2010. Sales in the first quarter of 2010 were $46.9 million, down $3.1 million, or 6.2%, from the prior year period. The 2010 first quarter included sales for Astronics’ DME subsidiary for the entire period while the 2009 first quarter included DME sales for a

Aircastle Limited reported first quarter net income of $18.9 million and adjusted net income of $20.6 million. First quarter total revenues were $130.6 million, a decrease of $1.6 million from the first quarter 2009, and reflect higher lease rental revenue of $4.1 million offset by lower end of lease maintenance revenue of $1.3 million and

Pinnacle Airlines Corp. reported first quarter 2010 net income of $1.7 million. These results were lower than net income and EPS for the first quarter of 2009 of $2.7 million excluding special items. Major winter storms during the first quarter of 2010 had a severe impact on the financial and operating results of the Company’s

WestJet reported first quarter 2010 net earnings of $13.8 million which marks its 20th consecutive quarter of profitability. Excluding the impact of a one-time special item related to the departure of WestJet’s CEO in the first quarter of 2010, WestJet’s adjusted first quarter net earnings for 2010 were $17.5 million.