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Financial

Embraer posts net income of US$ 105.1 million for first quarter 2011

Embraer reported that as a result of aircraft deliveries and product mix, 1Q11 revenues increased to US$ 1,055.7 million when compared to US$ 992 million in 1Q10. During the 1Q11, the contribution of aviation services to the Company’s total revenue was 15.4%, above the 2010 contribution of approximately 11%. EBIT and EBIT margin were US$

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Southwest Airlines closes acquisition of AirTran Holdings

Southwest Airlines has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc., the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines’ closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction values AirTran

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Southwest Airlines closes acquisition of AirTran Holdings

Southwest Airlines has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc., the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines’ closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction values AirTran

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Safran reports 10.5% revenue growth in first-quarter 2011

Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a

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Safran reports 10.5% revenue growth in first-quarter 2011

Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a

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Boeing reports first-quarter results

The Boeing Company reported first-quarter net income of $0.6 billion on revenue of $14.9 billion. Operating margin of 6.7% reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense. The year-ago quarter included a $0.20 per share tax charge on health care legislation. Total company backlog at quarter-end was

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Volvo Aero reports lower profitability during first quarter

Volvo Aero released that sales during the first quarter decreased by 14% to SEK 1,640 million compared to SEK 1,910 million in the prior year. Adjusted for currency fluctuations and the divestment of Volvo Aero Services, sales during the first quarter increased by 12%. Operating income decreased to SEK 28 million (prior year 152 million)

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Delta Air Lines announces first quarter results

Delta’s net loss for the March 2011 quarter was $318 million which includes $2 million of special items. Driven by the $610 million impact of 30% higher fuel prices, Delta’s net loss was $128 million worse than the March 2010 quarter, excluding special items. Delta generated $452 million in free cash flow for the quarter

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