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IAG: Completion of share buy-back programme

Ryanair Reports Q3 Profit Of €103M, Up €54M

Ryanair, Europe’s favourite airline, today (Feb 1) announced Q3 profits of €103m, a 110% increase on prior year. Traffic grew 20% to 25m as ave. fares fell 1% to €40 (load factors rose 5% points to 93%) while unit costs fell by 5% (ex-fuel down 1%). Ryanair’s CEO, Micha...

Iran to buy 40 ATR planes: vice minister

Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday. “We discussed the deals in Italy and France and ATR officials are expected in Tehran in the coming days to complete the ag...

American Airlines Claims It Earned More in 2015 Than Any Carrier in History

American Airlines reported a record profit for the fourth quarter and all of 2015 as a sharp drop in fuel prices more than offset lower revenue. The world’s biggest airline said Friday that its earnings were the highest ever for any carrier. American Airlines Group Inc. posted net income of $3.28 billion in the fourth quarter, but the results were inflated by a huge accounting gain fro...

Key facts about Iran’s economy as red carpets replace sanctions

The $400 billion economy is the second-largest in the Middle East after Saudi Arabia. Less than a fortnight after a decade of crippling economic sanctions on Iran ended, President Hassan Rouhani is being treated to red carpets, dinners with top CEOs and billion-dollar deals in Europe. In Italy, accords worth $22 billion covered industries from natural gas to high-speed rail, while in France...

Honeywell Matches Profit Estimate as Aerospace Sales Rise

Honeywell International Inc. posted profit that matched analysts’ estimates as aerospace sales increased, bolstered by deliveries of jet engines, and overall margins expanded amid cost cuts. Earnings excluding pension adjustments increased to $1.58 a share, the maker of thermostats and factory-automation software said in a statement Friday. Sales, hurt by lower demand for oil-and-gas equi...

Norwegian finalize Pre-Delivery Payment Financing for fifty Airbus 320 NEO

Arctic Aviation Assets Ltd (AAA), a wholly owned subsidiary of Norwegian Air Shuttle ASA(Norwegian), has arranged for pre-delivery payment financing (PDP) of fifty Airbus 320 Neo aircraft scheduled for delivery in 2016 to 2019. The facility that covers PDP financing for deliveries until the end of 2019 is structured as a revolving credit facility. ‘These deliveries in the n...

Bombardier stock falls below $1 as Airbus inks Iran jet deal

Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft. Bombardier shares were trading hands at 92 cents on the TSX on Thursday, a day after closing below the $1 level for the first time in 25 years. If a company falls below $1 per share on some major exchan...

Boeing Reports Fourth-Quarter Results and Provides 2016 Guidance

Fourth-Quarter 2015 Core EPS (non-GAAP)* of $1.60 on revenue of $23.6 billion; GAAP EPS of $1.51 Strong operating cash flow of $3.1 billion on solid core operating performance Full Year 2015 Record revenue of $96.1 billion on record commercial deliveries Operating cash flow increased to $9.4 billion; strong liquidity of $12.1 billion in cash and marketable securit...

FedEx Announces 25 Million Share Repurchase Program

FedEx Corp. announced today that its Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock. These shares may be repurchased from time to time in the open market or in privately negotiated transactions. “Since FY14, we have returned nearly $8 billion to shareowners through the repurchase of over 57 million shares, and we rem...

OPINION: Four finance lessons from Dublin

Last week, two major events in Dublin brought the biggest guns from the aviation finance community together to swap notes, debate the major issues and assess the outlook for 2016. Flightglobal – as ever – was close to the action, and these are four key themes we believe will set the agenda for the industry for the year ahead. 1. This is (still) as good as it gets At last year...

Hyderabad: 70 fliers offloaded from flight for ‘unruly behaviour’

At least 70 passengers were offloaded from a Raipur-bound Indigo flight at Rajiv Gandhi International Airport in Hyderabad on Friday night due to “unruly behaviour”, following which the passengers lodged a complaint with airport police alleging that they were harassed by the staff. The incident took place between 8.30pm and 9.00pm. The passengers, who as a group were travelling to R...

Buenos Aires gives Sol deadline to find new investors

Sol Líneas Aéreas (8R, Rosario, SF) staff have temporarily returned to work after the airline reached a compromise with the Argentine government concerning its immediate future. Sol ceased operations on Friday last week after Aerolineas Argentinas (AR, Buenos Aires Ezeiza) rescinded a long-standing Capacity Purchase Agreement which had availed ARS125 million (USD9.44 million) in f...

Airlines are raking in record profits, and they're giving a lot of it back to shareholders

How did you spend your $700? That’s how much the average American driver saved at the pump in 2015, according to a report from J.P. Morgan Chase. The bank also found that the savings fueled consumer spending on non-gas related purchases, which, based on credit and debit card transactions, were higher than previously thought. For every dollar saved, Americans spent roughly $0.80 on othe...

SpiceJet posts highest ever quarterly net profit at INR. 238 crore

SpiceJet today reported a net profit of INR 238.40 crore for Q3 FY16, an improvement of INR 513.42 crore over the net loss of INR 275.03 crore for the same quarter last year. This is the highest quarterly net profit the airline has reported in its history. SpiceJet has reported an operational revenue of INR 1,459.95 crore in the quarter demonstrating a growt...

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Essential news

Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...

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airBaltic files first monthly operating reports with U.S. court and publishes preliminary unaudited financial information

Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...