Financial

Air Canada reported a reduced operating loss of $83 million in the fourth quarter of 2009 compared to an operating loss of $146 million in the fourth quarter of 2008, an improvement of $63 million. Air Canada reported a net loss of $56 million in the fourth quarter of 2009 which included gains on foreign […]

Astronics Corporation reported financial results for the fourth quarter and full year 2009. Results for the 2009 fourth quarter and year include DME Corporation, which was acquired by Astronics on January 30, 2009. Sales in the fourth quarter of 2009 were $45.6 million, up $1.2 million from the prior year period. Astronics’ organic business, excluding

CIT Group announced that its Board of Directors has authorized the voluntary prepayment of $750 million on its $7.5 billion first lien credit facility. The Company will prepay this high cost debt out of its available holding company cash position, which is in excess of $5 billion. The repayment will be made on February 9,

Triumph Group reported that net sales for the third quarter of the fiscal year ending March 31, 2010 totaled $313.5 million, a 10% increase from last year’s third quarter net sales of $285.2 million. Income from continuing operations for the third quarter of fiscal year 2010 was $18.1 million, versus $20.1 million for the third

AeroSystems Holdings reported fourth quarter and full-year 2009 financial results reflecting fourth quarter revenue and earnings growth but an overall decline in full-year earnings. Full-year 2009 ship set deliveries for large commercial aircraft increased from 2008 resulting in higher revenues, while full-year income declined as a result of charges recorded in the second quarter, unfavorable

ExelTech Aerospace has filed a notice of intention (NOI) to file a proposal under the Bankruptcy and Insolvency Act (Canada), seeking protection from its creditors. As a consequence of such filing, any and all recourses of ExelTech

Ryanair announced a 3rd quarter loss of EUR 11 million, down from a loss of EUR 102 million in the 3rd quarter last year. Revenues rose by 1% to EUR 612 million, as 14% traffic growth was largely offset by a 12% decline in average fare. Unit costs fell by 23% (excluding fuel they fell

ANA Group reported its consolidated financial results for the first nine months (April – December inclusive) of fiscal year 2009. ANA recorded a consolidated operating loss of JPY37.8 billion, a consolidated recurring loss of JPY57.6 billion, and a consolidated net loss of JPY35.1 billion.

Honeywell announced full-year 2009 sales of $30.9 billion vs. $36.6 billion in 2008. Earnings per share were $2.85 vs. $3.76 in the prior year. Free cash flow was $3.3 billion (cash flow from operations of $3.9 billion less capital expenditures). Free cash flow conversion (free cash flow divided by net income) was 155% of net

Alaska Air Group reported fourth quarter 2009 net income of $24.1 million compared to a net loss of $75.2 million in the fourth quarter of 2008. Excluding mark-to-market fuel hedge gains of $31.7 million ($19.7 million after tax), the company reported net income of $4.4 million in the fourth quarter of 2009, compared to net