SIAEC Group posted a profit attributable to owners of the parent of $269.1m for the financial year ended 31 March 2012, an increase of $10.6m or 4.1% over last year. Share of profits from associated and joint venture companies was $12.5m or 8.7% higher at $156.9m, representing a contribution of 51.8% to the Group’s pre-tax
The Qantas Group will reduce capital expenditure in 2012/13 by a further $400m in addition to the $500m announced in February, as it pursues competitiveness in all business areas. Capital expenditure in 2012/13 will now total $1.9bn compared with the $2.3bn previously planned, consistent with the Group’s commitment to disciplined capital management. Capital expenditure in
The Lufthansa Group improved revenue by 5.6% to €6.6bn (previous year: €6.3bn) in the first quarter 2012. The additional revenue could however not offset the cost increases, in particular for fuel. Therefore the Group registered an operating loss of €381m (previous year: €-169m). The net result attributable to shareholders amounted to €-397m (previous year: €-507m).
Astronics Corporation released that sales in the first quarter of 2012 were $65.1m, up $10.0 million, or 18.2%, from the prior year first quarter sales of $55.1 million. Aerospace sales, which represented approximately 95% of total first quarter sales, increased 23.5% over the prior year period to $62.0m. Test Systems sales decreased to $3.1m for
US Airways reported that it priced two offerings of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $623m. The Company intends to use the proceeds from the offerings to refinance two Airbus aircraft currently owned by US Airways, to finance the Company’s purchase of twelve Airbus aircraft scheduled to be
For first-quarter 2012, Safran’s revenue was €3,108m, compared to €2,681m in the same period a year ago, a 15.9% year-on-year increase (7.3% organic growth). First-quarter 2012 revenue increased by €427m on a reported basis. On an organic basis, revenue increased by €196 million as a result of higher OEM volumes and aftermarket in Aerospace and good
Despite a number of potential headwinds in the coming 12 months, ANA expects to make further progress in the current fiscal year ending March, 2013, using its strength as a network carrier and the launch of low-cost airline operations to improve overall group performance. For the fiscal year ended March, 2012, operating income rose 43%
In the first quarter of 2012 Embraer delivered 21 commercial and 13 executive (12 light and 1 large) jets, surpassing the 20 commercial and eight executive jets delivered in the same period of 2011. As a result of aircraft deliveries, coupled with revenues from aviation services and the Company’s growing Defense and Security business, 1Q12
Finnair’s first quarter 2012 turnover grew by 10.9% compared with 10.8% in 2011, totalling €591.8m, compared to €533.7m in 2011. The Group’s operational result, which refers to the operating result excluding non-recurring items, capital gains and the change in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves,
United Continental Holdings reported a first-quarter 2012 net loss of $286m, excluding $162m of net special charges consisting primarily of integration-related costs. Including special charges, UAL reported a first-quarter 2012 net loss of $448m. UAL first-quarter consolidated passenger revenue increased 5.5% year-over-year while consolidated fuel expense increased 20.8%. UAL ended the first quarter with $7.8bn
