Goodrich announces 13% increase in sales and 59% increase in net income

Goodrich announced results for the first quarter, and increased its outlook for full year 2008 sales and earnings per diluted share. Goodrich reported first quarter 2008 net income of $158 million, on sales of $1,745 million, and income from continuing operations of $154 million. In the first quarter 2007, the company reported net income of $100 million, on sales of $1,546 million, and income from continuing operations of $99 million. First quarter 2008 sales increased 13% and net income per diluted share increased 59% compared with the first quarter 2007. The company’s full year 2008 sales expectations have been increased Read more

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Turbomeca growth in Canada

On its fifth anniversary of operations in Canada, Turbomeca Canada is inaugurating a 16,000 square feet extension to satisfy increasing demand from operators of Turbomeca turboshaft engines, especially in Canada and North America. The Mirabel site has enjoyed constant growth over its first five years. Since inaugurating the facilities with a team of 18 staff in 2003, the workforce has spiraled to 123 employees. In five years, Turbomeca Canada has repaired more than 700 engines and 1,000 fuel flow control units. Turbomeca Canada specializes in repair and overhaul operations on Arriel 1 and Arriel 2 engines and accessories for its Read more

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Lufthansa increases operating result for first quarter 2008

In the first quarter 2008 Lufthansa Group generated revenue of EUR 5.6 billion (previous year: EUR 4.7billion) and increased its operating result by EUR 152 million to EUR 188 million. It reflects the positive development of earnings performance in all business segments and includes a contribution to operating result of EUR 52 million from SWISS, which has been fully consolidated since 1 July 2007. In the first quarter 2008 Lufthansa reported net profit for the period of EUR 57 million. The figure of EUR 554 million for the previous year was influenced by a book gain of EUR 499 million Read more

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Delta Air Lines reports first quarter net loss of $274 million

Delta Air Lines reported results for the quarter ended March 31, 2008. Delta reported a net loss of $274 million in the first quarter of 2008 compared to a net loss of $6 million in the first quarter of 2007, excluding special and reorganization items. The $268 million year over year increase in net loss was driven by a $585 million increase in costs due to higher fuel price. Delta did not record an income tax benefit in the March 2008 quarter.

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Boeing reports double-digit first-quarter earnings growth

The Boeing Company’s first-quarter 2008 earnings per share increased 43% as net income rose 38% to $1.2 billion and operating margin rose to 11.3%, driven by solid overall execution in both its commercial airplane and defense businesses as well as lower unallocated costs. Boeing’s quarterly revenue rose 4% to $16.0 billion while its operating cash flow more than doubled to $1.9 billion reflecting the strong operating earnings and higher commercial airplane orders. Free cash flow increased to $1.5 billion. Boeing reaffirmed its 2008 earnings per share guidance at between $5.70 and $5.85. For 2009, Boeing expects EPS between $6.80 and Read more

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Frontier Airlines discontinues agreement with Republic Airways

Frontier Airlines Holdings, has reached a mutual agreement with Republic Airways to early terminate the airlines’ code sharing agreement. There will be a structured reduction and gradual phase-out of Republic’s 12 aircraft from Frontier’s daily operation to be completed by mid-June. “We appreciate the great job Republic has done in helping us serve our customers,” said Frontier President and CEO Sean Menke. “Republic, while operating under the Frontier brand, provided a safe, efficient and customer-friendly product that is hallmark to our Company. Unfortunately with current economic conditions and other business changes, we have been forced to drastically rethink the use Read more

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