Airbus Posts Profit Rise, Takes A400M Charge

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Published: July 31, 2015

July 31, 2015 Airbus Group surprised investors with a strong second-quarter rise in earnings, as airliner deliveries outshone more bad news for the A400M military transporter. Quarterly operating profit before one-off items jumped 15 percent to EUR€1.23 billion, with gains of at least 20 percent in airliner and helicopter profits masking a EUR€159 million loss […]

Airbus Posts Profit Rise, Takes A400M Charge

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Published: July 31, 2015

July 31, 2015 Airbus Group surprised investors with a strong second-quarter rise in earnings, as airliner deliveries outshone more bad news for the A400M military transporter. Quarterly operating profit before one-off items jumped 15 percent to EUR€1.23 billion, with gains of at least 20 percent in airliner and helicopter profits masking a EUR€159 million loss […]

IAG To Order Up To 33 New Airbus Jets

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Published: July 31, 2015

July 31, 2015 IAG is planning to place firm orders for up to 33 Airbus jets, converting existing options it has on A320, A330 and A350 aircraft. The deal is subject to final contract negotiations and is expected to be announced next week, the company said. IAG said that it was ordering 20 A320neos and […]

IAG’s Focus On Costs As Competition Intensifies

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Published: July 31, 2015

July 31, 2015 IAG reported a 40 percent rise in second-quarter operating profits to EUR€530 million. The increase from the previous year’s EUR€380 million was helped by lower fuel costs. Revenue for the quarter was up 11 percent at EUR€5.656 billion. Half yearly operating profit increased 141 percent from EUR€230 million to EUR€555 million. IAG […]

Embraer Delays Cargo Jet As Profit Drops

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Published: July 31, 2015

July 30, 2015 Embraer said it will delay development of a military cargo jet as it reported a quarterly net profit of USD$ 129 million. Embraer now plans to deliver its first KC-390 cargo aircraft to the Brazilian Air Force in the first half of 2018 rather than the end of 2016, the company said […]

Three Injured In American Airlines Evacuation

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Published: July 31, 2015

July 30, 2015 Three people were injured when an American Airlines flight at Dallas-Fort Worth Airport was evacuated before takeoff because of smoke in the cabin. Hydraulic fluid leaked into the auxiliary power unit of flight AA1658 to Chicago, which forced 141 passengers and five crew members to leave the plane by emergency slides and […]

Plane Debris Points To MH370 Breakthrough

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Published: July 31, 2015

July 30, 2015 Aircraft debris washed up on the French island of Reunion in the Indian Ocean is almost certainly part of a Boeing 777, a Malaysian official and aviation experts said, potentially the biggest breakthrough in the search for missing flight MH370. Malaysian investigators are expected in Reunion on Friday and the object, identified […]

Rolls-Royce’s Half-Year Profit Slumps

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Published: July 30, 2015

July 30, 2015 Rolls-Royce reported a 32 percent drop in half-year profits, due to a higher research and development charge and a change in the mix of commercial aircraft engines it produces. Rolls shocked investors earlier this month when it warned profits at its main aero engines business would falter next year, adding to declines […]

Virgin America Net Profit Jumps 76 Percent

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Published: July 30, 2015

July 30, 2015 Virgin America reported a 76 percent jump in quarterly profit, helped by higher US travel and lower fuel costs. The company’s net income rose to USD$ 65 million in the second quarter from USD$ 37 million a year earlier. Total operating revenue rose 0.5 percent to USD$ 400.9 million. The airline said […]

Malaysia Almost Certain Debris Is From A 777

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Published: July 30, 2015

July 30, 2015 Malaysia is “almost certain” that plane debris found on Reunion Island in the Indian Ocean is from a Boeing 777, heightening the possibility it could be wreckage from missing flight MH370. Malaysia Airlines was operating a Boeing 777 on the ill-fated flight, which disappeared in March last year while en route from […]

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