Financial

Airbus Group revenues were stable at €12.2bn (Q1 2015: €12.1bn). Despite lower deliveries of 125 aircraft (Q1 2015: 134 aircraft), revenues were stable at Commercial Aircraft supported by the strengthening average U.S. dollar rate. Helicopters’ revenues declined 10 percent, reflecting lower deliveries of 56 units (Q1 2015: 62 units) and an unfavourable mix. Group EBIT […]

In the first quarter of 2016, MTU Aero Engines AG generated revenues of €1,097.9m (1-3/15: €1,099.5m). The group’s operating profit was up 34% to €131.3 million (1-3/15: €97.7m). The EBIT margin was 12.0%, or 3.1 percentage points higher than for the same period in the previous year. Earnings after tax increased in line with operating

Air Partner, the global aviation services group, reported results for the year ended, January 2016. Underlying PBT of £4.3m, an increase of 64%, underlying EPS of 29.7p, an increase of 7%, lower than the increase in underlying PBT due to non-recurrence of last year’s credits and a non-recurring US tax item. Excluding this, underlying EPS

Compared to first quarter results in 2015, Boeing’s turnover for the first quarter 2016 rose to US$22.6bn, an increase of 2%. Non-GAAP core earnings per share at US$1.74 reflected a solid core operating performance which offset an after-tax charge of US$156 million (US$0.24/share) on the KC-46 tanker program in order to maintain schedule with concurrency

Etihad Airways, the national airline of the United Arab Emirates, posted its strongest annual financial results to date, with a net profit of US$103m on total revenues of US$9.02bn. The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of US$259m, and earnings before interest,

For the first quarter 2016, Spirit’s total operating revenue was US$538.1m, an increase of 9.1% compared to the first quarter 2015, driven by an increase in flight volume, partially offset by a decrease in operating yields. Adjusted net income for the first quarter 2016 was US$72.3m, GAAP net income for the first quarter 2016 was

France’s Safran on Tuesday posted a slightly higher-than-expected 7.8% increase in first-quarter revenue to €4.24bn (US$4.77 bn), led by double-digit aero engine and security gains, and reaffirmed full-year targets. Revenue grew 6.7% on a like-for-like basis, while civil aftermarket revenue rose 8.6% in dollar terms, in line with its goals for the year. Safran, which

B/E Aerospace announced its first quarter 2016 financial results and raised its full year guidance. First quarter 2016 revenues of US$716.7m and operating earnings of US$129.4m increased 4% and 3%, respectively, as compared with the prior year period. Operating margin was 18.1 percent. Net earnings and net earnings per diluted share were US$82.6m representing increases

Finnair has secured financing for its fourth Airbus A350-900 XWB, delivered in March 2016. The transaction amounts to approximately €115m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure arranged by Credit Agricole. The transaction relates to Finnair’s ongoing long-haul fleet renewal program, which currently consists of 19 new Airbus A350-900 XWB aircraft

Southwest Airlines reported its first quarter 2016 results, with net income, excluding special items, of US$567m compared with first quarter 2015 net income, excluding special items, of US$451m. The airline posted first quarter GAAP net income of US$511m compared with first quarter 2015 GAAP net income of US$453m and first quarter GAAP operating income of