Embraer delivers $110 million profit

Embraer recorded in the third quarter of 2005 net sales of $1,064 million and net income of $110.2 million. At the end of the quarter, the firm order backlog totaled $10.4 billion. This quarter, the Company generated positive net cash provided by operating activities of $379 million, a reflection of lower inventory and accounts receivable levels. In addition, the Company reversed its net debt position of $228 million at the end of 2Q05 to a net cash position of $97 million at September 30, 2005.

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Lufthansa lifts nine-month operating result to 471 million euros

In the first nine months of the year, the Lufthansa Group generated revenue of 13.3 billion euros, which is 4.3 per cent more than at the same stage in 2004. The operating result increased by 220 million to 471 million euros. Profit after tax rose to 416 million euros, which is a year-on-year improvement of 252 million euros. The cash flow generated from operating activities remained at the high level of 1.3 billion euros.

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Delta Air Lines lost $1.1 billion in third quarter

Delta reported a net loss for the September 2005 quarter of $1.1 billion, compared to a net loss of $646 million in the prior year quarter. Excluding the reorganization and special items described below, the September 2005 quarter net loss was $438 million, compared to a net loss of $592 million in the prior year quarter. The reorganization items result from Delta

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New US Airways Group lost $87 million in third quarter

the new US Airways Group reported a third quarter 2005 net loss of $87 million, compared to a net loss of $29 million for the same period last year. The Company’s third quarter 2005 results include a number of special charges primarily due to merger-related aircraft transactions. Excluding special items, the Company reported third quarter 2005 consolidated net loss of $23 million. This is the first consolidated quarterly result since the merge of America West and US Airways.

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SAS Group expects return to profitability in 2005

The SAS Group reported a net income of MSEK 529 (1994 = MSEK 133) for the third quarter and MSEK 57 (1994 = MSEK -1,094) for the nine-month period ending September 2005. The new business model in Europe and within Scandinavia, with one-way fares and simplified rules increased both the number of sold tickets and the cabin factor increased. The SAS Group is expects to gain market share. As the number of low-fare tickets increases, yield will be negatively affected in the future but this is expected to be compensated by higher volumes.

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