Financial

Finnair’s turnover grew in the first quarter by 9% to 577 million euros. The operational result strengthened to 11 million from nearly 6 million euros the previous year. “Following last year’s good profit development, we have entered this year in a good position. Finnair’s balance sheet position is strong and our business is fundamentally in […]

Silverjet, the British exclusively business class airline, announces an update on its working capital position and that it has entered into a memorandum of understanding with a UAE based investor (the “Investor”). Following recent material increases in fuel prices and tightening of credit conditions in the airline industry, Silverjet’s working capital has deteriorated and its

WestJet announced record first quarter net earnings of $52.5 million, a 75.9% increase over the $29.9 million in the first quarter of 2007. The airline’s diluted earnings per share (EPS) for the first quarter was 40 cents compared to 23 cents in the same period last year, an increase of 73.9%. First quarter revenue was

Goodrich announced results for the first quarter, and increased its outlook for full year 2008 sales and earnings per diluted share. Goodrich reported first quarter 2008 net income of $158 million, on sales of $1,745 million, and income from continuing operations of $154 million. In the first quarter 2007, the company reported net income of

MTU Aero Engines Holding AG improved its EBITDA by 9% in the first three months of 2008, from

In the first quarter 2008 Lufthansa Group generated revenue of EUR 5.6 billion (previous year: EUR 4.7billion) and increased its operating result by EUR 152 million to EUR 188 million. It reflects the positive development of earnings performance in all business segments and includes a contribution to operating result of EUR 52 million from SWISS,

Republic Airways Holdings reported operating revenues of $363.9 million for the quarter ended March 31, 2008, a 25.3% increase, compared to $290.4 million for the same period last year. The Company reported net income of $20.2 million for the quarter ended March 31, 2008, compared to $19.3 million reported in the prior year

US Airways Group reported a net loss for its first quarter 2008 of $236 million compared to a net profit of $66 million for the same period last year. Excluding net special items of $3 million, the Company reported a net loss of $239 million for its first quarter 2008. This compares to a net

Net sales for the quarter were $305.8 million, up 19% from $256.3 million for the second quarter of the prior year. Net earnings for the quarter were $29.7 million compared with $20.3 million in the previous year’s second quarter. Net sales for the first half were $577.8 million, up 20% from $482.5 million for the

Lockheed Martin Corporation reported first quarter 2008 net earnings of $730 million compared to $690 million in 2007. Net sales were $10.0 billion, an 8% increase over first quarter 2007 sales of $9.3 billion. Cash from operations for the first quarter of 2008 was $882 million, compared to $1.5 billion in 2007.