Financial

For first-half 2016, Safran’s revenue was €8,936m, up 6.3%, compared to €8,403m in the same period a year ago. This €533m increase reflects growth in Aerospace (propulsion and equipment) and in Security. On an organic basis, Group revenue increased by 6.5%, or €547m. Organic revenue was determined by applying constant exchange rates and by excluding […]

Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) and its consortium partners at Pulkovo Airport reached an agreement to sell part of their shares in Thalita Trading (Thalita) to Qatar Investment Authority (QIA). Thalita is the parent company of Northern Capital Gateway consortium, which has the 30-year concession for operating Pulkovo Airport (LED) in St.

In 2Q16, Embraer delivered 26 commercial and 26 executive (23 light and 3 large) jets. The Company’s firm order backlog ended the quarter at US$21.9bn, compared to US$22.9bn at the end of 2Q15 and US$21.9bn in backlog at the end of 1Q16. Revenues in 2Q16 were US$1,366.4m, representing a decline of 9.7% from the same

Air Canada reported second quarter 2016 EBITDAR of CAD$605m compared to the previous record EBITDAR of CAD$591m in the same quarter in 2015. EBITDAR in the second quarter of 2015 included a special item which improved EBITDAR by CAD$23mn. Air Canada recorded adjusted net income of CAD$203m compared to adjusted net income of CAD$250m in

FLY Leasing is reporting net income of US$4.7m for the second quarter of 2016, compares to a restated net loss of US$43.7m for the same period in 2015. Net income for the six months ended June 30, 2016 was US$11.8m. For the same six month period in 2015, there was a restated net loss of

Palm Beach Capital, through one of its investment entities, announced the sale of CTS Engines, jointly owned by Palm Beach Capital and CEO Brian Neff, to Platte River Equity, and management, including Mr. Neff. CTS is headquartered in Fort Lauderdale, Florida with testing operations in Jupiter, Florida. The Company provides a full spectrum of maintenance,

A US$2.1bn charge for R&D is predominantly responsible for a massive swing in Q2 operating profit for Boeing between 2015 and 2016, though consolidated revenue was up 0.9% year-on-year (YOY) at US$24.76m. Prior to the R&D charge the Q2 operating profit for 2016 was US$2.43bn, which, YOY, was down 23.9%. The company has reported a

Airbus Group order intake in the first six months of 2016 was €39.1bn (H1 2015: €53.9bn), with the order book value totalling €978bn as of 30 June 2016 (year-end 2015: €1,006bn). The order book of Airbus Defence and Space decreased by €4.6bn deue to perimeter changes. Airbus received 183 net commercial aircraft orders (H1 2015:

Ryanair on July 25 reported a 4% rise in Q1 profit to €256m, as traffic grew 11% to 31m. Average fare fell 10% to €39.92, offset by a 9% reduction in unit costs. “This modest 4% increase in Q1 profit to €256m is in line with previous guidance. The absence of Easter in Q1 and

WestJet released its second quarter results for 2016, with net earnings of CAD$36.7m, as compared with the net earnings of CAD$61.6m reported in the second quarter of 2015. WestJet achieved its 45th consecutive quarter of profitability and flew 5.3 million guests. Based on the trailing twelve months, the airline recorded a return on invested capital