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WestJet reports record third quarter 2015 net earnings

Profit almost doubles at Emirates subsidiary Transguard

Full-year profits at the Emirates subsidiary Transguard Group nearly doubled, as the company reaped the benefits from Dubai International becoming the world’s busiest international passenger airport. The company reported yesterday that profits for the year to March grew 96 per cent to Dh106...

Falko Regional Aircraft Raises $415m, Exceeds Target

Falko Regional Aircraft Limited (“Falko” or the “Company”), a market leading aircraft operating leasing and asset management company, announces that it completed a $415 million capital raising to be used for investments in leased, regional aircraft globally. The Company signi...

Ryanair Lifts Profit Forecast On Fuller Planes

Ryanair has nudged up its annual profit forecast, saying fuller planes would take profits to the upper end of its previously estimated range even as winter competition pressures average ticket prices. The Irish airline, Europe's largest by passenger numbers, raised its full-year profit forecast by 25 percent in early September as lower fuel costs and poor weather in northern Europe boosted...

Juneyao Airlines Posts 122.5% Net Profit Growth in Jan.-Sep.

Shanghai Juneyao Airlines (HO) said on Saturday its operating revenue jumped 22.98 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand. Juneyao Airlines made 6.26 billion yuan in January-September, in line with its own forecast. Net profit attributable to shareholders surged 122.51% to 0.97 billion yuan in the first three quart...

Spring Airlines 9-Month Net Profit Soars 83% to 1.2 Billion Yuan

China's largest low-cost carrier Spring Airlines (SC) reported on Saturday that its operating revenue for the first three quarters jumped 13% from a year earlier to 6.33 billion yuan. The budget airline's net profit attributable to shareholders surged 83% to 1.20 billion yuan in the first nine months, the carrier said in its nine-month result. Basic earnings per share stood at...

China Minsheng Investment Seeks to Buy U.S. Private-Jet Company

China Minsheng Investment Corp., one of China’s largest private investment funds, said it’s planning to enter the North American market as it grows its aviation business. Shanghai-based CMI is in talks to acquire a private-jet company located in the western part of the U.S., the company’s vice president Kong Linshan said in an interview Friday in Singapore. Kong declined to na...

Airbus Group Reports Strong Nine-Month (9m) 2015 Results

Commercial aircraft market robust with book-to-bill above 1 Single-aisle aircraft production rate to increase to 60/month in mid-2019 Board of Directors approves € 1 billion share buyback for completion by mid-2016** Airbus Group SE (stock exchange symbol: AIR) reported strong nine-month results and confirmed its 2015 guidance. “We again increased revenues, profitabil...

JAL Group Announces Consolidated Financial Results

JAL Group (JAL) today announced the consolidated financial results for the first six months of the fiscal year of 2015 – the period from April 1 to September 30, 2015. For the details, please refer to attached [Consolidated Financial Results for the Six Months Ended September 30, 2015]. During the reporting period (hereinafter referred to as the “second quarter”), the Jap...

Lufthansa profits increase but Cargo makes a loss

Lufthansa Group has seen profit increase by 262.7 per cent to 1.7 billion euros ($1.9 billion) helped by selling its stake in JetBlue, the Cargo division making a loss in the third quarter. The Group says 500 million euros of the 1.7 billion euros profit came from selling its equity stake in JetBlue in the first half of 2015. Revenue for the whole airline in the first nine months of 2015 increa...

CALC Completes Five A320 Aircraft Deliveries to Air India in 2015

China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, completed the delivery of the fifth A320 aircraft to Air India Ltd. (“Air India”) at the facilities of Airbus in Toulouse, France on 28 October 2015, marking the 56th delivered aircraft of CALC’s fleet....

Low Fuel Prices Help Air China Nearly Double Profits

Air China said on Thursday its net profit jumped 98.1 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand. Air China made 6.28 billion yuan (US$988.17 million) in January-September, in line with its own forecast. It made 3.17 billion yuan a year earlier, according to a stock exchange filing. Air China's Hong Kong-listed shares closed d...

Hainan Airlines 3Q Net Profit Falls 37%

Hainan Airlines Co., Ltd. (HU), one of China's four major air carriers, Thursday reported a third-quarter net profit of 887.33 million yuan, down nearly 37 percent compared to a net income of 1.41 billion yuan in the year-ago. The 3Q revenue increased to 10 billion from 9.81 billion yuan in the same period last year, but net profit fell 36.85 percent to 887.33 billion yuan, due to depr...

SWISS posts CHF 187 million EBIT for the third-quarter period

SWISS achieved earnings before interest and taxes (EBIT) of CHF 401 million for the first nine months of 2015, a 59% increase on the same period last year. The company posted an EBIT of CHF 187 million for the third-quarter period, a 36% year-on-year improvement. The substantially-improvedEBIT results are attributable in particular to low oil prices and the...

Northrop Grumman, net earnings increase by 9% in 3Q 2015

Northrop Grumman Corporation reported third quarter 2015 net earnings increased 9 percent to $516 million, or $2.75 per diluted share, from $473 million, or $2.26 per diluted share in the third quarter of 2014. Third quarter 2015 diluted earnings per share are based on 187.9 million weighted average shares outstanding compared with 209.2 million shares in the prior year period. The company repurch...

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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...