Financial

Continental Airlines reported a 2008 net loss of $585 million, excluding $234 million of previously announced special items, Continental recorded a net loss of $351 million for the year. Weakening economic conditions and highly volatile fuel prices presented financial challenges for the airline in the fourth quarter 2008. Continental recorded a fourth quarter net loss […]

JetBlue reported a pre-tax loss of $49 million in the fourth quarter, which includes a special non-cash charge of $53 million related to the valuation of JetBlue’s auction rate securities. Excluding this special charge, JetBlue reported pre-tax income for the quarter of $4 million. This compares to a pre-tax loss of $3 million in the

Alaska Air Group reported a fourth quarter 2008 net loss of $75.2 million, compared to net income of $7.4 million in the fourth quarter of 2007. Excluding special items, the company reported a net profit of $16.4 million compared to a net loss of $17.9 million in the fourth quarter of 2007. The company reported

ANA Group announced its Corporate Plan for fiscal year 2009, which runs from April 1, 2009 to March 31, 2010. With the world recession that began in the current fiscal year expected to continue into the next, the tenet of the plan is to minimise risk of falling revenue while preparing for the growth opportunities

AirTran Holdings, the parent company of AirTran Airways, reported a net loss of $273.8 million for the full year 2008 which included non-operating losses of $150.8 million related to changes in fair value on the Company’s out-of-the-money fuel hedge contracts. During the fourth quarter, AirTran unwound approximately 78% of its 2009 fuel hedge contracts in

The Boeing Company’s fourth-quarter net income declined to a loss of $56 million, reflecting the now-settled machinists’ strike, a charge related to the 747 and a litigation-related reserve. Revenues for the quarter declined 27% to $12.7 billion, due primarily to the effects of the strike which reduced commercial airplane deliveries by approximately 70 units and

Frontier Airlines Holdings filed its Monthly Operating Report for December 2008. Frontier reported a consolidated operating profit of $18.9 million and a net profit of $18.7 million for the month. Excluding special items, the Company reported an operating profit of $18.3 million and a net profit of $17.0 million. The Company, excluding special items, reported

Delta’s net loss for the December 2008 quarter was $340 million, excluding special items and the impact of out-of-period fuel hedges. Delta’s reported net loss for the December 2008 quarter was $1.4 billion, including an over $900 million charge related to broad-based employee equity awards, and a $91 million loss on out-of-period fuel hedges. Delta’s

BA released that further economic weakness in January and the outlook for February and March combined with the fall in sterling, are impacting the outlook for the year ended 31 March 2009. Revenue guidance for the year remains unchanged as being up at least 4% year on year with yields benefiting from exchange more than

ACG completed 49 lease and sale transactions during the year. In the fourth quarter ACG announced 13 transactions: four purchases, four new leases, three extensions, and two aircraft sales. Aircraft were Boeing 737s, 767s, MD-83s managed for a third party, and the Airbus A320 family. The fourth quarter also was marked by the delivery of