Finnair Swings to Profit on Growing Sales
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Finnair swung into a second-quarter profit on growing sales as demand on its routes--especially to Asia--continued to grow, the company said Tuesday.
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The company reported fourth-quarter net income on higher commercial airplane deliveries and strong growth in defense earnings, beating Wall Streetâs expectations.
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Shares jumped nearly 4 percent after the low-cost carrier reported its first third-quarter profit in two years on higher occupancy rates and capacity.
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Ryanair Holdings Plc, Europe&#39;s largest low-cost airline, said second-quarter profit rose 15 percent as the carrier cut fares less than it expected and added routes.
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Swedish fashion retailer Hennes and Mauritz posted a rise in profits for the third quarter, saying its price-cut strategy had paid off.
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Diversified manufacturer Honeywell International Inc.  posted a rise in quarterly profit as strong demand for aerospace equipment and automobile components boosted revenues, the company said on Wednesday.
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The European aerospace giant EADS today announced that it had more than doubled its profits in the first nine months of the year. EADS said the increase was helped by a surge in deliveries of its Airbus passenger jets.
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Diversified manufacturer Honeywell International Inc  said quarterly profit rose 17.8 percent, matching Wall Street's expectations, with sales and profits up across all its business units.
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British Airways says second-quarter operating profits rose 23 percent on tighter costs and higher passenger numbers as long-haul travel recovers.
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No-frills airline Ryanair RYA.I has posted a forecast-beating jump in first-half profit after its low fares drew passengers over the summer, and it is more upbeat than
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British Airways  reported a 28.5 percent rise in operating profit on Friday for the first nine months of its financial year, and said its longhaul premium business was still performing strongly.
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Lenovo Group Ltd., the world's No. 4 personal computer maker, said Wednesday its profits grew nearly sevenfold in its latest fiscal year as it boosted sales and restructured following its acquisition of IBM Corp.'s PC unit.
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Europe's largest fashion retailer, Hennes &amp; Mauritz AB, on Thursday posted better than expected third-quarter profits and said sales were up despite lowered prices and competition from rival companies, thanks in part to sales in the United States.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Australian travel retailer Flight Center Ltd.  said on Thursday its first-half profit rose 10 percent, boosted by recent acquisitions despite disappointing sales growth.
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British Airways Plc, Europe&#39;s second- largest airline, said second-quarter profit gained 26 percent after the carrier cut jobs and travel demand rose.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.