Reading Time: 2 minutes Total revenues for the Lufthansa Group in 2017 amounted to €35.6 billion, a 12.4 percent increase compared to 2016. The Adjusted EBIT of €2.97 billion was a substantial 69.7 percent year-on-year improvement. An 8.4 percent Adjusted EBIT margin was up 2.9 percentage points compared to 2016. EBIT for 2017 increased more than €1 billion to […]

Reading Time: 2 minutes Shares in European plane maker Airbus flew higher on Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs. The company said that it surged to a net profit of 1 billion euros ($1.25 billion) in the fourth quarter, from a loss […]

Reading Time: 2 minutes A strong fourth quarter in terms of commercial airliner deliveries enabled Airbus to deliver against its 2016 financial guidance, but company figures were dragged down by a €2.2 billion ($2.3 billion) write-off associated with a military transport aircraft. Net income for Airbus Group, which includes Commercial Aircraft, Helicopters and Defense & Space divisions, fell by […]

Reading Time: < 1 minute Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of NOK1,135m (£109m). Operating profit (EBIT) was NOK1,820m. The results are influenced by Norwegian’s international growth, particularly on intercontinental routes, as well as increased presence in the UK and Spain. The […]

Reading Time: 4 minutes Bombardier has reported its fourth quarter and full year 2016 results. The Company also affirmed its guidance for 2017 and highlighted another quarter of solid performance as it executes its turnaround plan. “Our turnaround plan is in full motion,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “In 2016, Bombardier delivered on its […]