Financial

Boeing has reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programs and services. Revenue decreased to US$21.0bn, down 7% from 2016, reflecting the timing of commercial and defense aircraft deliveries. Commercial Airplanes first-quarter revenue was US$14.3bn on services growth, down 1% from 2016, offset […]

MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, reported another year of successful growth in 2016. The company has signed independent deals with a contract volume of US$2.2bn with the program families CF34, CFM56, and LM industrial gas turbines (IGTs) enjoying particular success. “Over 250 new contracts have been signed

HEICO Corporation released that its Flight Support Group completed the acquisition of Air Cost Control (A2C). Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. On March 8, 2017, HEICO announced it had entered into an agreement, subject to foreign

JetBlue Airways reported first quarter 2017 operating income of US$147m, a decline of 57.9% from the first quarter of 2016. The airline posted pre-tax income of US$126m, a decrease of 60.9% from the first quarter of 2016 and net income of US$85m, compared to first quarter 2016 net income of US$207m. JetBlue reported first quarter

HEICO Corporation have increased its revolving credit facility to US$1bn, which is a US$200m, or 25%, increase to the Facility’s previous, US$800m limit. This Facility’s term expires in December 2018 and there are no maturities under the Facility until then. HEICO has used the Facility, which is available for general corporate purposes, principally to make

Honeywell reported a strong start to 2017, with over 2% organic sales growth, 70 basis points of segment margin expansion, and free cash flow of nearly US$800m that was more than six times greater than 2016. The strong operational performance resulted in reported earnings per share of US$1.71. Normalizing for tax, earnings per share was

Rockwell Collins has reported sales for the second quarter of fiscal year 2017 of US$1.34bn, a 2% increase from the same period in fiscal year 2016. Second quarter fiscal year 2017 earnings per share from continuing operations was $1.27 compared to $1.30 in the prior year. Earnings per share for the second quarter of fiscal

For the first quarter of 2017, United Airlines reported that revenue was US$8.4bn, an increase of 2.7% year-over-year. First-quarter 2017 consolidated pssenger revenue per available seat mile (PRASM) was flat and consolidated yield increased 0.4% compared to the first quarter of 2016. Operating expense was US$8.1bn in the first quarter, up 7.9% year-over-year. Excluding special