Financial

Aircastle reported first quarter 2016 results with total revenues of US$183.7m, a decrease of US$10.6m, or 5% from the previous year, driven by a US$16.8m decrease in maintenance revenues. During the first quarter of 2015, Aircastel recorded US$18.1m of maintenance revenue, primarily from two scheduled lease expirations with significant return compensation payments. Adjusted EBITDA for […]

In the first quarter of 2016, some 13 million passengers passed through Frankfurt Airport (FRA), representing an increase of 3.3 percent year-on-year. On the back of that growth, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling. Simultaneously, net retail revenue per passenger declined from €3.93 to €3.62 on

Total revenues for the Lufthansa Group in the first quarter of 2016 declined by 0.8% to €6.9bn. Despite significantly higher passenger volumes, traffic revenue was 3.9% down, a reflection of the substantial pricing pressures faced by the Group’s passenger airlines and the cargo business. The leading financial performance indicator of the Group’s business success –

WestJet reported its 44th consecutive profitable quarter with first quarter 2016 net earnings of CAD$87.6m, compared with quarterly net earnings of CAD$140.7m reported in the first quarter of 2015, down 37.7%. Revenues were CAD$1,031.4 in the first quarter, compared to CAD$1,083.5 in the first quarter 2015, down 4.8%. WestJet achieved an on-time performance rate of

West Star Aviation has successfully reached an investment partnership with Norwest Equity Partners (NEP), a leading middle market investment firm. Norwest has made a significant investment in West Star Aviation, one of the largest and fastest growing independent providers of Maintenance, Repair, and Overhaul (MRO) and related services to the business aviation industry. The transaction

International Consolidated Airlines Group (IAG) presented Group consolidated results for the three months to March 31st, 2016. IAG reported first quarter operating profit of €155m before exceptional items (2015: operating profit of €25m), excluding Aer Lingus €181m. Passenger unit revenue for the quarter was down 3.5% and at constant currency down 4.7% (excluding Aer Lingus

Spirit AeroSystems reported first quarter 2016 financial results driven by strong operating performance of mature programs. Spirit’s first quarter 2016 revenues were US$1.7bn, down 3% compared to the same period of 2015. Operating income for the first quarter of 2016 was $267 million, compared to US$235m in the first quarter of 2015. Net income for

In the first quarter of 2016, Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to the first quarter 2015. The Company’s firm order backlog ended the quarter at US$21.9bn, compared to US$20.4bn at the end of the first quarter 2015 and

Air Canada reported first quarter 2016 record EBITDA of CAD$460m compared to EBITDAR of CAD$442m in the same quarter in 2015. For the 12 months ended March 31, 2016, Air Canada’s EBITDAR margin was 18.3%. Air Canada recorded adjusted net income of CAD$85m, compared to adjusted net income of CAD$122m in the first quarter of

Avolon, the international aircraft leasing company, issued an update for the first quarter of 2016 (‘Q1’). Following its acquisition by Bohai Capital in early January 2016, Avolon’s total owned, managed and committed fleet at 31 March, 2016 was 402 aircraft. Avolon is the core aircraft leasing brand for Bohai Capital and its parent, HNA Group.