Southwest Airlines reports fourth quarter earnings

Southwest Airlines reported its fourth quarter and full year 2007 results. Net income for fourth quarter 2007 was $111 million compared to $57 million for fourth quarter 2006. Excluding special items, fourth quarter 2007 net income was $87 million compared to $100 million in fourth quarter 2006. For the full year 2007 net income was $645 million compared to $499 million for 2006. Excluding special items, full year 2007 net income was $471 million compared to $578 million for full year 2006.

Email Post to a Friend Email Post to a Friend

Delta Air Lines reports fourth quarter 2007 net loss

Delta reported a pre-tax loss for the quarter of $105 million, an $80 million improvement compared to the prior year period excluding reorganization items. Delta’s net income for the year was $1.6 billion, or $418 million excluding reorganization related items. Delta reported a net loss of $70 million for the fourth quarter.

Email Post to a Friend Email Post to a Friend

ABX Air, All Nippon Airways extend ACMI agreement

ABX Air and All Nippon Airways have signed a new ACMI Agreement that extends their landmark relationship through mid-January 2010. Under the new agreement, ABX Air will continue to support ANA’s cargo operations throughout the Asian market, including Japan, China and Thailand, via two ABX Air 767-200 aircraft and ABX Air flight crews and maintenance personnel. The new agreement contains terms that better reflect the evolving relationship between ANA and ABX Air, while anticipating the potential for growth in that relationship as ANA

Email Post to a Friend Email Post to a Friend

Woodward reports first quarter fiscal 2008 results

Woodward Governor Company reported financial results for its first quarter of fiscal 2008. Net sales for the quarter were $272.1 million, up 20% from $226.2 million for the first quarter of the prior year. Net earnings for the quarter were $25.3 million compared with $17.9 million in the previous year’s first quarter.

Email Post to a Friend Email Post to a Friend

Lufthansa and JetBlue complete stock purchase transaction

Deutsche Lufthansa AG and JetBlue Airways Corporation completed their stock purchase agreement transaction in which Lufthansa now holds a 19% stake in JetBlue. With the conclusion of the financial transaction, Lufthansa and JetBlue will begin exploring innovative commercial arrangements designed to benefit both airlines and their customers.

Email Post to a Friend Email Post to a Friend

UAL Corporation reports highest annual pre-tax income since 1999

UAL Corporation reported pre-tax income of $695 million for 2007, the highest since 1999. Pre-tax income excluding special items and severance was $606 million, $665 million higher than 2006. The company generated net income of $403 million in 2007, the first full-year profit since 2000, excluding reorganization items. Excluding special and reorganization items and severance, 2007 net income of $352 million was $417 million higher than 2006. UAL reported an operating loss of $64 million for the fourth quarter of 2007, a pre-tax loss of $98 million and a net loss of $53 million, $8 million better than the fourth Read more

Email Post to a Friend Email Post to a Friend

AAR reports 2nd quarter net sales of $310.6 million

AAR reported fiscal 2008 second quarter net sales of $310.6 million and income from continuing operations of $17.9 million. Sales grew 27% from $244.3 million last year, and income from continuing operations increased 28% from $14.0 million in the prior year. For the six months ended November 30, 2007, net sales grew 27% to $616.6 million, and income from continuing operations increased 26% to $33.1 million.

Email Post to a Friend Email Post to a Friend

GE reports record fourth-quarter and full-year results for 2007

GE reported fourth-quarter 2007 earnings from continuing operations of $6.8 billion up 15% and 17%, respectively, from fourth-quarter 2006. Fourth-quarter revenues from continuing operations were $48.6 billion, up 18%, increasing 10% organically. Full-year 2007 earnings from continuing operations were $22.5 billion up 16% and 18%, respectively, from 2006. Full-year 2007 revenues from continuing operations were $173 billion, up 14%, increasing 9% organically.

Email Post to a Friend Email Post to a Friend

Continental Airlines reports full year 2007 pre-tax income of $566 million

Continental Airlines reported 2007 pre-tax income (net income before income taxes and cumulative effect of change in accounting principle) of $566 million, up 53 % over 2006 pre-tax income of $369 million. Excluding $24 million of previously announced pre-tax special items, Continental’s pre-tax income for the full year was $542 million, a 78 % improvement over 2006 pre-tax income of $304 million excluding special items. Continental reported pre-tax income of $71 million for the fourth quarter 2007. Excluding previously announced pre-tax special items, Continental recorded fourth quarter 2007 pre-tax income of $24 million compared to the fourth quarter 2006 pre-tax Read more

Email Post to a Friend Email Post to a Friend