Financial

Virgin America reported fourth quarter 2014 operating income of US$34.2m and net income of US$28.1m, excluding special items. This represents the highest net income for a fourth quarter in Company history and the ninth consecutive quarter of year-over-year improvement in income, excluding special items. On a GAAP basis, operating and net income for the fourth […]

Sierra Nevada Corporation (SNC) has completed acquisition of a UK and Germany-based aircraft company, 328 Support Services GmbH (328), owner of the type certificate and intellectual property (IP) rights for design, manufacturing, maintenance and certification of the 200 existing Dornier 328 (D328) prop and jet aircraft. In addition, SNC holds IP rights and supplemental type

Bombardier Aerospace’s revenues amounted to US$3.3bn for the three-month period ended December 31st, 2014, compared to US$2.9bn for the same period last fiscal year, an increase of 15.8%. For the year, revenues totalled US$10.5bn, compared to US$9.4bn last fiscal year, an increase of 11.9%. Negative EBIT totalled US$1.3bn, or (39.2)% of revenues, for the fourth

Copa Holdings reported net income of US$35.9m for 4Q14 as compared to net income of US$113.2m in 4Q13. Excluding special items, which for 4Q14 includes a non-cash loss of US$89.1m associated with the mark-to-market of fuel hedge contracts, and a US$0.4m loss related to devaluation of the Venezuelan Bolivar, Copa Holdings would have reported adjusted

MTU Aero Engines has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9m (2013: €3,574.1m). MTU’s operating profit rose from €377.4m in 2013 to €382.7m. Earnings after tax amounted to €253.3m (2013: €238.6m). The commercial engine business recorded the highest revenue growth

Norwegian’s 2014 results are characterized by strong revenue and capacity growth as well as major investments for future expansion. Fuel hedging for 2015 for the amount of NOK459m was a considerable cost in 2014. Consequently, major costs for 2015 have already been covered. The company reported a net loss of NOK-1,050m compared to net profit

Air Canada reported full year adjusted net income of CA$531m compared to adjusted net income of CA$340m in 2013, an improvement of CA$191m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$1.671bn compared to EBITDAR (excluding the impact of benefit plan amendments) of CA$815m, an increase of CA$196m from 2013. The

Bristow Helicopters Australia has acquired an 85% interest in Airnorth, the largest regional airline operating across Northern Australia. Airnorth will retain its name and brand identity and will continue to operate under the direction of Michael Bridge, Airnorth’s chief executive officer. Bridge will remain on the Airnorth board of directors. Bristow will have three representatives

Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG). Both IAG and Qatar Airways have a close relationship already as part of the oneworld alliance and IAG welcomes Qatar Airways’ statement that it would look to strengthen existing commercial ties. Commenting on the share acquisition, Willie Walsh, IAG chief executive, said: “We’re

Spirit AeroSystems’ operating loss for the fourth quarter of 2014 was (US$273)m compared to operating loss of (US$321)m in the fourth quarter of 2013. Net loss for the quarter was (US$106)m compared to ($587)m in the same period of 2013. The current quarter includes a pretax charge of (US$471)m for the divestiture of Gulfstream programs