Financial

IAG reported strong full year results with an operating profit before exceptional items of €1,390m, up 80.5%. Total revenue was up 8.0% with non-fuel costs up 7.0% and fuel costs up 0.6% on capacity growth of 9.3%. Iberia made an operating profit of €50m compared to an operating loss of €166m last year. British Airways’ […]

Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth: Diluted EPS increased 32% to US$2.38 per share for the year ended December 31st, 2014 compared to US$1.80 for the year ended December 31st, 2013. Revenues increased 22% to S$1bn for the year ended December 31st, 2014 compared to US$859m for the year

Turkish Airlines reported that sales revenue increased by 13% in 2014, reaching a total of US$11bn. While operating profit stood at US$638m and net profit was recorded at US$845m compared to the previous year. In 2014 Turkish Airlines recorded a capacity (ASK) growth of 16,3%, significantly above the industry growth rate of 5,6 for the

Republic Airways reported financial results for the fourth quarter and full year ended Dec. 31st, 2014. Republic’s pre-tax income excluding special items, for the fourth quarter of 2014 was US$32.1m, an 8.4% increase over the fourth quarter or 2013. Republic’s adjusted income from continuing operations for the fourth quarter of 2014 was US$19.8m and its

HEICO reported net income of US$27.6m, in the first quarter of fiscal 2015, up from US$27.5m in the first quarter of fiscal 2014. Net income in the first quarter of fiscal 2014 includes approximately US$2.6m, from a reduction in accrued contingent consideration related to a prior year acquisition. Operating income totaled US$46.4m in the first

AAR has agreed to sell its Telair Cargo Group to TransDigm for a purchase price of US$725m in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair U.S., and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015

AerCap reported fourth quarter 2014 net income was US$298.2m, compared with US$65.6m for the same period in 2013. Fourth quarter 2014 reported basic earnings per share were US$1.41, compared with US$0.58 for the same period in 2013. The increase in net income and earnings per share over the fourth quarter 2013 were driven primarily by

DVB Bank SE’s (DVB) Aviation Investment Management team, in its capacity as investment advisor to the Deucalion Aviation Funds, completed the sale of 20 aircraft valued at approximately US$814m to a special purpose exempted company which, together with another limited liability company subsidiary, co-issued US$667m of Reg. S/Rule 144A DTC eligible notes (the Notes) with

Astronics Corporation, a leading provider of advanced technologies for the global aerospace, defense, consumer electronics and semiconductor industries, released that consolidated sales increased US$60.6m to US$166.1m, compared with the same period in the prior year. The 2014 fourth quarter included US$43.7m in incremental sales for acquired businesses. Organic sales increased US$16.9m, or 16.1%. Aerospace segment

Aircastle reported total revenues for the fourth quarter were US$238.3m, an increase of US$46.3m, or 24% from the previous year, driven by higher maintenance revenues of US$27.6m reflecting the early return of several aircraft on lease with Russia-based airlines and higher lease rentals of US$8.9m. Adjusted EBITDA for the fourth quarter was US$233.2m, up US$37.2m,