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EADS reports 2009 net loss of EUR -763 million
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EADS reported that 2009 revenues stood at EUR 42.8 billion (FY 2008: EUR 43.3 billion), supported by record commercial aircraft deliveries at Airbus (498 units compared to 483 in 2008) but offset by lower revenue recognition in the A400M programme, price deterioration on commercial aircraft deliveries and negative foreign exchange impacts. In addition, revenues at Astrium grew by 12%
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EBIT before one-off – an indicator capturing the underlying business margin by excluding non-recurring charges or profits caused by movements in provisions or foreign exchange impacts – stood at EUR 2.2 billion (FY 2008: EUR 3.3 billion). Compared to 2008, higher volumes at Airbus and Power8 savings were more than offset by a degradation of hedge rates, the deterioration of pricing on Airbus commercial deliveries and cost increases. A380 continued to weigh significantly on the underlying performance. The performance of Single Aisle and Long Range programmes in Airbus as well as in other Divisions remains robust.
The EBIT of EADS of EUR -322 million (FY 2008: EUR 2,830 million) was burdened by A400M and A380 provisions and exceptional negative foreign exchange impacts. In total, exchange rate impacts weighed down 2009 EBIT by EUR 2.5 billion compared to 2008.
EADS’ Net Income amounted to EUR -763 million (FY 2008: EUR 1,572 million). The Net Income was weighed down by the deterioration of EBIT. Self-financed R&D expenses slightly increased to EUR 2,825 million (FY 2008: EUR 2,669 million), assigned to spur new technologies and future business.
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» Brazil's TRIP takes delivery of the 900th ATR aircraft
ATR has delivered its 900th aircraft, an ATR 72-500, to Brazilian airline TRIP Linhas Aéreas. This 68-seat aircraft brings to 30 the total fleet of ATRs of the airline. This new ATR 72-500 joins TRIP’s existing fleet of 14 ATR 72s and 15 ATR 42s. Before the end of 2010 TRIP will take delivery of an additional ATR 72-500.
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» Delta renames business jet subsidiary 'Delta Private Jets'
Delta Air Lines reported that its wholly owned private jet subsidiary, Delta Air Elite, will now operate under the new brand of Delta Private Jets. Delta is the only U.S.-based carrier with commercial and private jet service. Delta Private Jets operates a diverse fleet of Bombardier, Cessna, Dassault, Gulfstream and Hawker Beechcraft jets.
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» ANA and First Eastern form first Japanese low cost carrier
All Nippon Airways and First Eastern Investment Group ("First Eastern"), a pioneer of direct investments in China, announced the signing of a Memorandum of Agreement to establish the first Japanese low cost airline. The new airline will operate both international and domestic short-haul routes out of Kansai International Airport, Osaka. The new airline will operate independently from ANA.
The new company will be established in the second half of 2010 with Japanese investors holding a 66.7% stake of which ANA will hold a 39% stake and First Eastern will hold the remaining 33.3% stake, the maximum foreign ownership currently allowed for an airline in Japan. The new company's air transport operations are expected to commence in the second half of 2011.
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