Tag: financial results

Boeing Profit Falls Amid the 737 MAX Crisis

Reading Time: 2 minutes Boeing has announced its first quarter 2019 results. Impact of the 737 MAX crisis is already noticeable. Although the indications are initial and the full cost could not be determined, the company has already suffered losses.  The company reported $22.9 billion revenue, while net profit – $2.1 billion. Boeing revealed that the first quarter performance […]

Boeing Reports Strong First-Quarter Results

Reading Time: < 1 minute The Boeing Company has reported first-quarter revenue of US$23.4bn reflecting higher commercial deliveries and mix, defense contract volume and services growth. GAAP earnings per share increased to US$4.15 and core earnings per share (non-GAAP) increased to US$3.64 reflecting strong performance across the company. Commercial Airplanes first-quarter revenue was US$13.7bn reflecting higher deliveries and mix. First-quarter […]

JetBlue’s First Quarter Net Income Up 7%

Reading Time: < 1 minute JetBlue Airways has reported its results for the first quarter 2018. JetBlue has reported diluted earnings per share of $0.27. This compares to JetBlue’s first quarter 2017 diluted earnings per share of $0.24 cents. Pre-tax income was US$110m, a decrease of 9.2% from the first quarter of 2017. Pre-tax margin was 6.3%, a 1.3 point […]

United Airlines Reports First-Quarter 2018 Performance

Reading Time: 3 minutes United Airlines (UAL) has reported its first-quarter 2018 financial results. UAL reported first-quarter net income of $147 million, diluted earnings per share of $0.52, pre-tax earnings of $184 million and pre-tax margin of 2.0 percent. Excluding special charges and mark-to-market adjustments, UAL reported first-quarter net income of $143 million, diluted earnings per share of $0.50, pre-tax […]

Airbus Reports Nine-Month 2017 Results

Reading Time: 5 minutes Airbus SE reported nine-month 2017 financial results and confirmed its guidance for the full year. “The strong backlog and a healthy market environment continue to support our commercial aircraft production ramp-up plans,” said Airbus Chief Executive Officer Tom Enders. “We confirm our outlook even though this year’s delivery schedule is extremely back-loaded, largely due to […]

Boeing Reports Third-Quarter Revenues of US$24.3bn

Reading Time: < 1 minute The Boeing Company has reported third-quarter revenue of US$24.3bn, with GAAP earnings per share of $3.06 and core earnings per share (non-GAAP) of US$2.72, reflecting strong deliveries, services and delivery mix, and overall solid execution. The company’s cash flow guidance is increased to US$12.5bn from US$12.25bn, driven by improved performance. Full year EPS guidance is […]

Qantas Posts Second Best Results In 97 Years

Reading Time: 2 minutes Qantas reported an Underlying Profit Before Tax of $1,401 million and a Statutory Profit Before Tax of $1,181 million for the 12 months ended 30 June 2017. The underlying result represents the second highest performance in Qantas’ 97 year history, down 8.6 percent compared with last year’s record. The figure is is slightly above the […]

Squeeze On Airline Profits Might Have Peaked

Reading Time: < 1 minute Initial airline financial results from the second quarter of 2017 have been more robust than earlier in the year, and suggest that the squeeze on profit margins from higher costs and weak yields peaked in the first quarter of the year, according to the International Air Transport Association’s (IATA) July report. “Meanwhile, having trended downwards […]

SAS Cautiously Optimistic After Fiscal First-Half Loss

Reading Time: 2 minutes Scandinavian Airlines (SAS) still expects to turn in a pre-tax profit for its 2016-2017 financial year despite a sharp increase in losses in the fiscal year’s first half. The airline turned in a net loss of SEK876 million ($101 million) for the six months ending Apr. 30 2017, compared to a net loss of SEK75 […]

Qatar Airways’ Loss Could Be Emirates’ And Etihad’s Gain

Reading Time: 2 minutes Besieged by a lack of airspace after being shut out of neighbouring Gulf countries last week, Qatar Airways is having to take unsustainably long routes to continue on long-haul network commitments. Flight radar graphics show its B777s enroute to Sao Paolo stopping in Athens because they can’t carry enough fuel to fly nearly 17 hours […]