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Financial

DVB Group publishes nine-month results for 2008

With net interest income after allowance for credit losses up 9.9%, and net fee and commission income up 19.0% year-on-year, DVB maintained the strong performance of its financing and advisory businesses in Transport Finance. At EUR 100.2 million, however, the profit from ordinary activities before tax for the first nine months of 2008 declined by

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EADS reports revenue growth to EUR 29.4 billion

EADS reported that revenues increased by 7% to EUR 29.4 billion (9m 2007: EUR 27.6 billion) reflecting growth from operations across all five Divisions. The increase includes EUR 803 million resulting from the move to the early stage accounting methodology in the A400M programme applied in Q3 2008. In line with the Group’s EBIT development,

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Copa Holdings reports earnings of $30.3 million

Copa Holdings, S.A., parent company of Copa Airlines and Aero Republica, announced financial results for the third quarter of 2008 (3Q08). Copa Holdings reported net income of US$30.3 million for 3Q08, or diluted earnings per share (EPS) of US$0.70, as compared to net income of US$46.8 million or diluted EPS of US$1.08 in 3Q07.

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Avcorp announces 2008 third quarter results

Avcorp Industries announced results for the quarter ended September 30, 2008. Revenue for the quarter increased by 16% to $30,894,000 when compared to the third quarter of last year. Operational improvements continued as income from operations increased by 60% to $1,004,000 compared to $628,000 for the same quarter last year.

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Czech Airlines reports profit of $22.051 million for first 9 month

Czech Airlines more than doubled its profit in the first three quarters to $22.051 million (profit before tax). This is a year-on-year increase of $12.207 million. Operationally, Czech Airlines has posted a profit of $39.152 million for the first three quarters (operating profit), which constitutes a year-on-year increase of more than one third.

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Iberia earns 30.4 million euros in third quarter

Iberia’s third-quarter results showed net earnings of 30.4 million euros in the quarter, despite rising fuel costs and weaker demand. In the first nine months of 2008, net earnings reached 51.1 million euros, 77% below the figure for the same period of 2007, due to the additional 374.2 million euros that was spent on fuel.

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Emirates announces half-year profits of $77 million

Emirates Airline produced a net profit of Dhs 284 million (US $77 million), for the first six months of its current financial year ending 30th September 2008. This is down 88% compared to Dhs 2.36 billion ($643 million) net profits for the same period in 2007, showing the impact of the record fuel prices earlier

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WestJet reports 3rd quarter earnings decreased 28%

WestJet announced third quarter net earnings of $54.7 million that compared to $76.1 million reported in the third quarter of 2007, representing a 28.1% decrease. Year to date, 2008 net earnings were $137.4 million, a 16.9% increase from the $117.5 million earned in the same nine months of 2007.

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Vought reports third quarter net income of $15.6 million

Vought reported that operating income for the third quarter was $30.3 million, an increase of $16.0 million over last year. The improved operating income includes higher military program margins of $28.5 million resulting from the absence of losses on H-60 recorded during 2007 and a $14.3 million decrease in 787 period expenses. These improvements were

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