Tag: 1Q results

Air Berlin Suffers 1Q Losses Of Almost €300 Million

Reading Time: < 1 minute Air Berlin (AB, Berlin Tegel) suffered first quarter losses of EUR293.3 million (USD328 million), an increase of 60% on losses for the same period last year. Its first quarter financial results, published this week, also show that revenue was down EUR87.5 million (USD98 million) to EUR649.6 million (USD726.5 million) for the quarter. According to Air […]

Bombardier Reports First Quarter 2017 Results

Reading Time: < 1 minute Bombardier reported its first quarter 2017 results, demonstrating continued momentum executing its turnaround plan. Highlighting the company’s progress was strong organic growth at Transportation, EBIT margin(1) expansion at both Transportation and Business Aircraft, and significantly improved year-over-year cash performance. Bombardier reported revenues of $3.6 billion and EBIT before special items was $128 million. EBIT margins […]

Delta 1Q Profit Down 36%; Recent Disruption to Cost $125 Million

Reading Time: 2 minutes Delta Air Lines reported a first-quarter 2017 net profit of $603 million, down 36% from net income of $946 million in the prior-year period, as fuel prices rose sharply year-over-year. The Atlanta-based carrier said it expects to take a $125 million hit in reduced pre-tax income in the second quarter from the 4,000 flight cancellations […]

Lufthansa Group Welcomes Almost 10 Million Passengers in March 2017

Reading Time: 3 minutes The airlines of the Lufthansa Group transported some 9.6 million passengers in March, 14% more than the same period last year, although the popular Easter travel time started at the beginning of April. In the first quarter, 25.2 million passengers, travelled with the Lufthansa Group, amounting to 13% more than the previous year. Total capacity […]

Munich Airport Posts Strong Gains in Q1 2017

Reading Time: < 1 minute Munich Airport’s dynamic growth has continued into the first quarter of 2017: both passenger traffic and the number of take-offs and landings were up over 5 percent as compared with the same quarter a year earlier. The airport handled 9.4 million passengers – more than ever before in the first quarter of a calendar year. […]

Boeing Reports First-Quarter Deliveries

Reading Time: < 1 minute The Boeing Company announced deliveries across its commercial and defense operations for the first quarter of 2017. Major program deliveries during the first quarter, including deliveries under operating lease (which are identified by parentheses), were as follows:

Lufthansa Group with Earnings Improvement in the First Quarter

Reading Time: 4 minutes Adjusted EBIT for first three months of 2016 improved by Lufthansa Group.  “We have seen a solid start into the new business year,” says Simone Menne, Chief Financial Officer of Deutsche Lufthansa AG. “We are seeing significant pricing pressure at our passenger airlines, and even more at Lufthansa Cargo. But the substantial unit cost reduction […]