Financial

Southwest Airlines reported a first quarter 2009 net loss of $91 million compared to net income of $34 million for first quarter 2008. First quarter 2009 results included special charges totaling $71 million (net), relating to non-cash, mark-to-market and other items associated with a portion of the Company’s fuel hedge portfolio. Refer to the reconciliation […]

AMR Corporation, the parent company of American Airlines, reported a net loss of $375 million for the first quarter of 2009, or $1.35 per share. The results include the impact of a $13 million charge to reflect the net present value of future lease payments related to A300 aircraft retirements during the quarter. The current

Discovery Air Inc. has successfully refinanced its existing operating lines of credit through the establishment of an asset-based lending facility with a new lender. This loan facility provides availability of up to $15 million augmented by a limit bulge of up to $10 million during the company’s seasonally busy period during which working capital demands

Preliminary results of SAS AB

OpenSkies, the unique all business airline operating nonstop flights between New York (Kennedy and Newark) and Paris (Orly), and between New York (Kennedy) and Amsterdam (Schiphol), has completed its merger with L’Avion, the first all business class French airline. The combined airline, now referred to as OpenSkies, offers customers a single, premiere Business Class brand

United Airlines reported its preliminary consolidated traffic results for March 2009. The company reported a March consolidated passenger load factor of 78.7% down 3.3 pts. Total consolidated traffic decreased in March by 13.6% on a consolidated capacity decrease of 9.9% compared with the same period in 2008.

Limco-Piedmont Inc. and TAT Technologies Ltd. have entered into a definitive agreement and plan of merger pursuant to which TAT (which presently owns 61.8% of Limco’s common stock) will acquire all of the publicly held shares of common stock of Limco pursuant to a stock for stock merger. Under the terms of the merger agreement,

Woodward Governor Company completed the acquisition of all the outstanding shares of stock of HR Textron from Textron Inc. and substantially all the UK assets and certain liabilities related to the HR Textron business of Textron Limited. Woodward previously announced the signing of a definitive purchase agreement on February 27, 2009. The purchase price of

Bombardier reported strong financial results for the fourth quarter and the year ended January 31, 2009 showing improvements in revenues, profitability and a robust cash position. Revenues increased by 13% to reach $19.7 billion. Earnings before financing income, financing expense and income taxes (EBIT) reached $1.4 billion, up 56% compared to $902 million before special

Avcorp released its financial results for the year ended December 31, 2008. During the year ended December 31, 2008, the Company recorded earnings from operations of $485,000 on $128,868,000 revenue, an improvement over the $205,000 earnings from operations on $110,283,000 revenue for the preceding year; and a net loss for the current year of $2,251,000