Financial

Air Canada has reported third quarter 2017 EBITDAR of CA$1.388bn compared to the previous third quarter 2016 EBITDAR of CA$1.248bn, an increase of CA$140m. The airline recorded a third quarter EBITDAR margin of 28.4%. On a GAAP basis, Air Canada reported third quarter operating income of CA$1.004bn compared to the previous third quarter 2016 operating […]

In the first nine months of 2017, MTU Aero Engines AG saw its revenues increase by 10% to €3,745.4m (1-9/2016: €3,401.3m). The group’s operating profit increased by 14% from €393.8m to €450.6m, improving the EBIT margin from 11.6% to 12.0%. Earnings after tax rose by 17% to €320.4m (1-9/2016: €273.4m). “Based on these results and

The Lufthansa Group increased its total revenues for the first nine months of the year by 12.1% to €26,761m (prior-year period: €23,870m). Traffic revenues rose 14.4% to EUR €21,360m (prior-year period: €18,674m). The key performance indicator of Adjusted EBIT increased by €883m to €2,560 (prior-year period: €1,677m). As a result, the Lufthansa Group’s result for

Finnair Group reported third quarter 2017 revenue increased by 14.7% to €735.4m, compared to €640.9m in 2016. Available seat kilometres (ASK) grew by 11.1%. Comparable operating result was €147.5m, compared to €53.3m in 2016. Operating result was €122.2m, compared to €115.5m in 2016. Comparable EBITDAR for the third quarter was €188.9m, compared to €118.3m the

JetBlue Airways has reported its results for the third quarter 2017. The airline reported operating income of US$310m, a decrease of 12.4% from the third quarter of 2016. Pre-tax income was US$293m, a decrease of 11.2% from the third quarter of 2016. Third quarter net income was US$179m million, this compares to JetBlue’s third quarter

Lithuanian leisure carrier’s Small Planet Airlines revenue kept growing in the first half of 2017, reaching EUR118.1m – a 63.2% increase compared to the same period in 2016. Passenger flow grew by one-third and reached 871 000. The airline made a loss of EUR10.2m. This happened due to considerable investments in improving its on-time performance

United Airlines (UAL) reported third-quarter net income of US$637m, pre-tax earnings of approximately US$1.0bn and pre-tax margin of 9.9%. Excluding special charges, UAL reported third-quarter net income of US$669m, pre-tax earnings of US$1.0bn and pre-tax margin of 10.4%. UAL repurchased US$556m of its common shares in the third quarter, bringing the year-to-date share repurchases to

Aviation Capital Group (ACG) has closed the sale of US$750m of 3.500% senior unsecured notes due 2027. Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party. “Today’s issuance marked the company’s