Embraer posts $106 million 1Q net profit

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Published: April 29, 2016

Brazilian manufacturer Embraer reported a consolidated net profit of $ 106 million for the 2016 first quarter, reversing its $ 58.9 million net loss in 1Q 2015. Embraer’s first-quarter consolidated revenues were $ 1.31 billion, up 23.9% year-over-year (YOY); operating expenses in the first-quarter were $ 1.05 billion, up 30.1% YOY. The company’s first-quarter operating […]

SkyWest nearly triples net income in 1Q

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Published: April 29, 2016

Utah-based SkyWest, parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported first-quarter net income of $ 27 million, nearly tripled from the $ 9.6 million net reported in the first quarter of 2015. The company said the positive results were attributed to adding 29 aircraft to profitable flying agreements and the removal of 66 […]

IAG posts significant 1Q improvement

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Published: April 29, 2016

Europe’s International Airlines Group (IAG)—parent company of British Airways, Iberia, Vueling and Aer Lingus—posted a first-quarter net profit of €104 million ($ 118 million), reversed from a net loss of €26 million a year ago. The result was achieved on revenue of just over €5 billion, compared to €4.7 billion for the year-ago period. The […]

Airberlin deepens losses in 2015

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Published: April 29, 2016

Airberlin has reported a €446.6 million loss ($ 485.5 million) in 2015, deepened from a €376.7 million loss in the year-ago period. The German airline said the results were negatively influenced by non-cash charges for deferred tax assets and the valuation of long term liabilities and derivatives. “Although we reported a significant net loss, the […]

Philippine Airlines confirms six-strong A350 order

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Published: April 29, 2016

Philippine Airlines (PAL) has signed an order for six Airbus A350-900s, plus six options. The contract confirms a memorandum of understanding (MOU) signed by PAL in February this year, and covers options on six more of the type. PAL president and COO Jaime Bautista said the new aircraft, valued around $ 1.8 billion at list […]

Delta continues narrowbody overhaul with order for 37 more A321s

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Published: April 29, 2016

Delta Air Lines has agreed to acquire 37 additional Airbus A321s valued at $ 4.2 billion at list prices. The announcement of an additional order for CFM International CFM56-powered A321s comes a day after Atlanta-based Delta placed a firm order for 75 Bombardier CS100s, and will allow the carrier to “cost-effectively accelerate the retirement” of […]

SriLankan Airlines looks to cancel A350 orders

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Published: April 29, 2016

SriLankan Airlines is seeking to cancel some of its outstanding order backlog in an attempt to slow ongoing losses of up to LKR460 billion ($ 3.1 billion). The Sri Lanka flag carrier ordered six Airbus A330s and four A350-900 aircraft in 2013 in a $ 2.3 billion deal, and has taken delivery of the A330s. However, […]

Allegiant posts net profit of $72 million in 1Q

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Published: April 29, 2016

Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $ 72 million, up 11% from a $ 64.9 million profit in the year-ago period. First-quarter revenue rose 5.9% to $ 348.6 million, while expenses rose 2.9 % to $ 227.5 million, producing an operating profit of $ 121.1 million, up […]

ANA doubles full-year net profit

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Published: April 29, 2016

Japan’s All Nippon Airways Holdings (ANA) has reported a net profit of ¥78.1 billion ($ 694 million) for the financial year through March 31, doubling its profit of ¥39.2 billion in the previous year. The Haneda-based carrier’s operating revenue rose 4.5% for the 2015/2016 year. For the 12 months through March 2017, ANA is projecting […]

Japan Airlines forecasts further profit growth

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Published: April 29, 2016

Japan Airlines (JAL) has raised its annual net profit to ¥174.4 billion ($ 1.6 billion) for the year through March 31, compared to a profit of ¥149 billion in the prior year. The Japan flag carrier’s profit gain was 17.1% in the 2015/2016 financial year, with operating revenue dropping 0.6%. Another strong result is projected […]

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