Financial

B/E Aerospace reports full year and 2014 financial results

B/E Aerospace reported 2014 revenues of US$2.6bn increased 18.0% as compared with the prior year.  Adjusted operating earnings were US$466.4m, an increase of 19.8% and adjusted operating margin of 17.9% increased 20 basis points as compared with the prior year. On a GAAP basis, operating earnings were US$384.0m. 2014 adjusted EBITDA of US$571.1m increased 21.1% […]

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Boeing Commercial Airplanes reports 4th-quarter 2014 revenue up 15%

Boeing reported record fourth-quarter revenue of US$24.5bn on higher deliveries and core earnings per share (non-GAAP) that increased 23% to US$2.31, reflecting strong performance across the company. Fourth-quarter 2014 core operating earnings (non-GAAP) increased to US$2.3bn and GAAP earnings from operations increased to US$2.0bn. Fourth-quarter 2013 results included a US$406m non-cash charge (US$0.34 per share)

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American Airlines Group reports record fourth quarter net income of US$597m

For the fourth quarter 2014, American Airlines Group reported a record GAAP net profit of US$597m. This compares to a GAAP net loss of US$2.0bn in the fourth quarter 2013, which includes the results for US Airways only for the period from the completion of the merger on December 9th, 2013, through December 31st, 2013.

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Aircastle announces increase in Bank Revolving Credit Facility to US$600m

Aircastle increased the size of its existing unsecured revolving credit facility with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A. and Royal Bank of Canada, as joint lead arrangers, Citibank, N.A. as agent; and Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A., Royal Bank of Canada, Credit Agricole Corporate

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EIB supports Airbus Groups' innovation programmes

The European Investment Bank (EIB) and Airbus Group have announced the signature of a €500m finance contract in support of Airbus Group’s innovation and R&D programmes in Europe, of which €400m will go to research, development and innovation (RDI) activities in France. This new agreement brings total EIB support for Airbus Group since 2011 to

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Rockwell Collins reports first quarter earnings per share of $1.26

Rockwell Collins reported total sales for the first quarter of fiscal year 2015 of US$1.23bn, a 16% increase from the same period in fiscal year 2014. First quarter fiscal year 2015 earnings per share from continuing operations increased 29% to $1.26 compared to $0.98 in the prior year. Earnings per share for the first quarter

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Southwest Airlines reports fourth quarter and record annual profit

Southwest Airlines’ fourth quarter 2014 total operating revenues increased 4.5% to US$4.6bn, while operating unit revenues increased 2.0%, on a 2.4% increase in available seat miles, all as compared with fourth quarter 2013. The growth in operating revenues was largely driven by strong fourth quarter 2014 passenger revenues. Operating income in fourth quarter 2014 was

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Alaska Air Group reports record adjusted fourth quarter 2014

Alaska Air Group reported fourth quarter 2014 GAAP net income of US$148m compared to GAAP net income of US$78m in 2013. Excluding mark-to-market fuel hedge gains of US$6m (US$4m after tax) a benefit related to the curtailment of certain postretirement benefit plans and a one-time gain associated with the settlement of a legal matter for

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United reports full-year 2014 profit of US$1.97bn

United Airlines (UAL) reported full-year 2014 net income of US$1.97bn, an increase of 89%  year-over-year, or $5.06 per diluted share, excluding US$834 million of special items. Including special items, UAL reported full-year net income of US$1.13bn, or $2.93 per diluted share. UAL reported fourth-quarter 2014 net income of US$461m, an increase of 86% year-over-year, or

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ATR reports record year in terms of sales, deliveries, turnover and backlog

The year 2014 ended for ATR beating last years’ records in sales; deliveries, turnover and backlog. The aircraft manufacturer’s sales increased to 160 aircraft, along with 120 options, exceeding the previous 2011 record (157 firm sales and 79 options). ATR also achieved a record turnover in 2014, reaching US$1.8bn dollars (US$1.63bn in 2013), and increased

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