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Financial

DVB Group posts satisfactory start into 2010

DVB made a satisfactory start into 2010, in spite of the prevailing difficult environment on international financial and transport markets. Consolidated net income before taxes for the first quarter of 2010 amounted to EUR 16.7 million (down 38.4% year-on-year). Total income during the first quarter of 2010 declined by 9.8% year-on-year, from EUR 63.3 million

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Alitalia's loss narrows in first quarter 2010

Alitalia reported that in the first quarter revenues increased to EUR 639 million compared to EUR 515 million for the first quarter of 2009 (relating to the period 13 January to 31 March). The operating result (EBIT) amounted to EUR -125 million, a significant improvement compared to the same quarter last year (EUR -210 million).

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Iridium reports strong growth in commercial service revenue

Iridium Communications reported financial results for the quarter ended March 31, 2010. Total revenue increased 7.9% for the first quarter to $81.7 million compared to $75.8 million during the first quarter of 2009. Commercial service revenue increased 11.0% to $40.9 million in the first quarter compared to $36.8 million during the first quarter of 2009.

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Willis Lease Finance reports first quarter net income of $3.1 million

Willis Lease Finance reported year-over-year growth in its lease portfolio offset lower overall portfolio utilization, contributing to profitability in the first quarter ended March 31, 2010. Net income totaled $3.1 million in the first quarter of 2010 compared to $7.0 million in the first quarter of 2009. After payment of preferred dividends, net income available

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Air Canada's operating loss narrows in first quarter 2010

Air Canada reported a reduced operating loss of $126 million in the first quarter of 2010 compared to the operating loss of $188 million in the first quarter of 2009, an improvement of $62 million. Air Canada’s operating revenues increased $128 million or 5 per cent from the same quarter in 2009. Earnings before interest,

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