Honeywell reported that full-year 2008 sales increased 6% to $36.6 billion from $34.6 billion in 2007. Earnings per share were up 19% to $3.76 versus $3.16 in the prior year. Cash flow from operations was $3.8 billion and free cash flow (cash flow from operations less capital expenditures), excluding cash taxes relating to the sale
The SAS Group has reached a definitive agreement with a group of investors from Catalonia, led by the Consorci de Turisme de Barcelona (the “Consorci”) and Catalana d’Inciatives (“Inciatives”), whereby the group of investors will acquire a majority stake in SAS’ subsidiary Spanair S.A. for a cash consideration of EUR 1. Following the transaction, SAS
Continental Airlines reported a 2008 net loss of $585 million, excluding $234 million of previously announced special items, Continental recorded a net loss of $351 million for the year. Weakening economic conditions and highly volatile fuel prices presented financial challenges for the airline in the fourth quarter 2008. Continental recorded a fourth quarter net loss
JetBlue reported a pre-tax loss of $49 million in the fourth quarter, which includes a special non-cash charge of $53 million related to the valuation of JetBlue’s auction rate securities. Excluding this special charge, JetBlue reported pre-tax income for the quarter of $4 million. This compares to a pre-tax loss of $3 million in the
Alaska Air Group reported a fourth quarter 2008 net loss of $75.2 million, compared to net income of $7.4 million in the fourth quarter of 2007. Excluding special items, the company reported a net profit of $16.4 million compared to a net loss of $17.9 million in the fourth quarter of 2007. The company reported
ANA Group announced its Corporate Plan for fiscal year 2009, which runs from April 1, 2009 to March 31, 2010. With the world recession that began in the current fiscal year expected to continue into the next, the tenet of the plan is to minimise risk of falling revenue while preparing for the growth opportunities
AirTran Holdings, the parent company of AirTran Airways, reported a net loss of $273.8 million for the full year 2008 which included non-operating losses of $150.8 million related to changes in fair value on the Company’s out-of-the-money fuel hedge contracts. During the fourth quarter, AirTran unwound approximately 78% of its 2009 fuel hedge contracts in
The Boeing Company’s fourth-quarter net income declined to a loss of $56 million, reflecting the now-settled machinists’ strike, a charge related to the 747 and a litigation-related reserve. Revenues for the quarter declined 27% to $12.7 billion, due primarily to the effects of the strike which reduced commercial airplane deliveries by approximately 70 units and
Frontier Airlines Holdings filed its Monthly Operating Report for December 2008. Frontier reported a consolidated operating profit of $18.9 million and a net profit of $18.7 million for the month. Excluding special items, the Company reported an operating profit of $18.3 million and a net profit of $17.0 million. The Company, excluding special items, reported
Delta’s net loss for the December 2008 quarter was $340 million, excluding special items and the impact of out-of-period fuel hedges. Delta’s reported net loss for the December 2008 quarter was $1.4 billion, including an over $900 million charge related to broad-based employee equity awards, and a $91 million loss on out-of-period fuel hedges. Delta’s
