Financial

Alaska Air Group reported that net income for the second quarter, excluding special items, was $26.5 million compared to a net loss excluding special items of $14.1 million in the second quarter of 2008. This compares to a First Call mean estimate of $0.53 per share. Net income under Generally Accepted Accounting Principles (GAAP) of […]

UPS reported operating profit of $895 million on a 16.7% revenue decline for the second quarter ended June 30. Adjusted diluted earnings per share were $0.49 compared to $0.85 last year. The quarter

Avcorp Industries has closed a private placement of 16,157,465 common shares of Avcorp at a price of C$0.15 per share to Panta Holdings B.V. (“Panta”) for gross proceeds of C$2,423,620 (the “Private Placement”), pursuant to the terms of the amended and restated investment agreement dated July 13, 2009 (“Amended and Restated Investment Agreement”). The proceeds

The Boeing Company’s second-quarter earnings per share increased 22% to $1.41 per share, as revenues rose 1% to $17.2 billion, driven by growth in defense programs and strong performance in defense and commercial airplanes. Year-ago results included a $0.22 per share charge on the Airborne Early Warning & Control (AEW&C) program. Revenues for the first

Continental Airlines reported a second quarter 2009 net loss of $213 million. Excluding $44 million of previously announced special charges, Continental recorded a net loss of $169 million. Second quarter results were adversely affected by significant declines in high yield traffic as many business travelers curtailed travel or purchased lower yield economy tickets due to

Southwest Airlines reported its second quarter 2009 results. Net income for second quarter 2009 was $54 million, compared to $321 million for second quarter 2008. Excluding special items, second quarter 2009 net income was $59 million compared to $121 million for second quarter 2008.

UAL Corporation reported a second quarter net loss of $323 million excluding non-cash, net mark-to-market hedge gains and certain accounting charges. The company reported a GAAP net profit of $28 million including these items. UAL announced an additional international capacity reduction of 7% for the last four months of 2009.

TAM informs that its wholly owned subsidiary TAM Linhas Aereas S.A. will make its first public issuance, which by restriction will only be directed to qualified investors, in compliance with the Brazilian Securities Commission’s Instruction N. 476, from January 16, 2009, consisting of 600 regular bonds, not convertible into shares, in a single series, in

Forward Air reports second quarter 2009 net income of $2.8 million Forward Air reports second quarter 2009 net income of $2.8 million

Avcorp Industries has entered into an amended transaction with Panta Holdings B.V. (“Panta”). Avcorp and Panta have amended their Investment Agreement dated June 15, 2009, the original terms of which did not receive the approval of the Toronto Stock Exchange (“TSX”). Under the amended agreement, Panta has agreed to purchase 16,157,465 common shares of Avcorp