Tag: profit

Boeing Raises its Profit Forecast as Q3 Earnings Top Expectations

Reading Time: 1 minute Shares of Boeing rose after the company announced that its Q3 profit soared 31% to $2.36 billion driven by defence volume and orders for new planes placed by airlines to meet growing demand for travel. Boeing delivered 190 airliners in the quarter, including 57 737 MAX airplanes. That is down 12 from the same period last […]

Young Estonian Carrier Posts Its First Profit

Reading Time: 2 minutes A 68 per cent surge in passenger numbers is behind an unexpectedly successful financial performance for Estonian national carrier Nordica’s second full year of operations, when it managed to achieve some 0.9 million euros of profits, despite a forecast loss of around six million euros for the period. Jaan Tamm, chairman of the management board […]

US$15.5bn Profit for Major American Carriers in 2017

Reading Time: 1 minute The U.S. Bureau of Transportation Statistics has revealed that the 23 largest American carriers made a combined profit of US$15.5 billion last year, resulting in an after-tax profit being recorded for the fifth year in succession. This shows that the strong rebound from the previous ten years of losses continues. However, the airline industry has […]

Malaysia Airlines Sees Steady Progress In Q2 2017

Reading Time: 8 minutes Malaysia Airlines experienced a tough second quarter with heightened competition and adverse forex movement. Load factors continued to be strong and passenger revenue saw positive year on year (YoY) growth amidst the tough operating environment. Group CEO Peter Bellew said, “The second quarter passenger revenue saw an increase of 8%, on the back of 1.8% […]

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 […]

United Parcel Service (UPS) 2016 Profit Falls 29%

Reading Time: 2 minutes United Parcel Service (UPS) reported a 2016 net profit of $3.4 billion, down 29.2% from net income of $4.8 billion in 2015, on a 4.4% year-over-year rise in revenue to $60.9 billion. UPS noted that it recorded a non-cash after-tax mark-to-market pension charge of $1.7 billion in the 2016 fourth quarter, which significantly affected its […]

Turkish Airlines Posts 9-Month $463 Million Net Loss

Reading Time: 2 minutes Istanbul-based Turkish Airlines reported a nine-month 2016 net loss of $463 million, reversed from a net profit of $877 million in the year-ago period. According to the report, revenues for the nine-month period decreased 6.1% to $7.6 billion; operating loss for the period was $154 million, reversed from an operating profit of $894 million last […]

IATA Hikes 2016 Profit Forecast For Global Airlines

Reading Time: 1 minute Global airlines should make more money than previously expected this year, the International Air Transport Association (IATA) said on Thursday, helped by low oil prices and work by airlines to fill planes and drive ancillary revenues. IATA said it forecast net profit of $39.4 billion for the industry this year, against a previous $36.3 billion […]

Royal Jordanian Posts JD21 Million Net Profit In 2015

Reading Time: 3 minutes In a meeting held on March 13, 2016, Royal Jordanian’s Board of Directors, presided by Chairman Suleiman Hafez, endorsed the company’s audited financial results. The figures show that Royal Jordanian registered a net profit before tax of JD21 million in 2015, while in 2014 it had registered JD49.5 million net losses before tax. The net […]

Southwest Posts Record Net Income

Reading Time: 1 minute Southwest Airlines earned net income of $2.18 billion in 2015, up 92% over a net profit of $1.14 billion in 2014, marking the Dallas-based carrier’s 43rd straight year of profitability. The annual net profit was the best-ever reported by the company—the second straight year it has posted a record net profit. CFO Tammy Romo called […]