AMR Corporation, the parent company of American Airlines, recorded consolidated net loss of $1.1bn for the fourth quarter of 2011 compared to a consolidated net loss of $97m in the fourth quarter of 2010. AMR recorded fourth quarter 2011 consolidated revenues of approximately $6.0bn, an increase of 7.4% year-over-year. For fiscal 2011, AMR recorded a
SkyWest, Inc. reported operating revenues of $899.9m for the quarter ended December 31, 2011, compared to $796.3m for the same period last year. Â SkyWest also reported a net loss of $18.0m for the quarter ended December 31, 2011, compared to $37.2m of net for the same period last year.
Spirit Airlines reported fourth quarter 2011 and full year 2011 financial results. Net income for the fourth quarter 2011 was $24.0m compared to $9.6m in 2010. Full year pro forma adjusted net income was $95.5m, full year 2011 GAAP net income was $76.4m. EBITDAR for the fourth quarter 2011 was $70.7m, resulting in an EBITDAR
Etihad Airways, the national carrier of the United Arab Emirates, reported full year EBIT of US$137m, on revenues up 36% to US$4.1bn (2010: US$2.98bn). The results included earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of US$648m with a net profit of US$14m. The record result exceeded the airline’s 2011 target, which was to break even.
FLY Leasing has signed an extension of its credit facility with Norddeutsche Landesbank Gironzentrale (Nord LB). The facility was set to mature in November 2012 and has been extended until 2018. As of December 31, 2011 the outstanding balance of the facility was $598m. FLY has 109 aircraft on lease to 53 airlines around the
Air Canada reported a net loss of $60m in the fourth quarter of 2011, which included foreign exchange gains of $114m, compared to net income of $89m in the fourth quarter of 2010, which included foreign exchange gains of $136m, an impairment charge on aircraft of $49m and a net favourable adjustment to the provision
Spirit released that operating income for the fourth quarter 2011 was $102m, compared to $96m for the same period in 2010, primarily driven by increased production volumes, partially offset by the charges recorded on development programs. Net income for the quarter was $60m compared to $62m in the same period of 2010. Revenue for the full-year
In the fourth quarter of 2011, Finnair’s turnover increased by 11.7% (12.9%) year on year and totalled €577.4m (516.9). The group’s operational result, excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency-denominated fleet maintenance reserves, was €-31.6m (-6.7). The operating result was €-30.1m (-4.7). The result
For the period of January-December 2011, the SAS Group’s income before tax and nonrecurring items and capital gains/losses in continuing operations amounted to MSEK 94 (-444) and net income amounted to MSEK -1,687 (-2,218). The SAS Group’s revenue amounted to MSEK 41,412 (41,070). After taking nonrecurring items and currency effects into consideration, revenue increased by
WestJet released its fourth quarter and year-end results for 2011. The airline reported fourth quarter net earnings of $35.6m, down 4.3% compared to 2010 and full-year net earnings of $148.7m, up from the net earnings of $90.2m reported for 2010. WestJet’s operating cash flow per share for the full-year 2011 was $3.60, an increase of
