Ryanair profit beats forecasts, outlook improves
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No-frills airline Ryanair beat forecasts with an 18 per cent jump in half-year profit after a strong summer and cheered investors yesterday with a surprisingly upbeat take on the full year.
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Boeing Co.  said on Wednesday  fourth-quarter profit more than doubled, as it delivered more  commercial aircraft than in the year-earlier quarter.
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Hormel Foods Corp.  on Wednesday posted higher quarterly profit, in line with raised expectations it announced earlier this month, and gave a forecast for current-quarter earnings that was higher than analysts' estimates.
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Boeing Co.  said on Wednesday fourth-quarter profit more than doubled, as it delivered more commercial aircraft than in the year-earlier quarter.
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FedEx Corp. , the world's top air-express shipper, on Thursday said quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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Australian buyout target Qantas Airways  Ltd.  raised its annual profit forecast for the third  time in six months as fuel prices ease and demand for travel  increases.
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Ryanair, the Irish no-frills airline, said net profit rose 15 percent for the quarter to September, adding it was well-placed to combat the threat of record high oil prices and fierce competition.
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The aviation-electronics company's shares are rising -- along with its profit projections.
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Boeing Co.  said on Wednesday fourth-quarter profit more than doubled, easily beating Wall Street expectations, as it delivered more commercial aircraft than in the year-earlier quarter and its defense unit posted record sales.
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Starwood Hotels & Resorts Worldwide  Inc.  on Thursday posted better-than-expected  second-quarter profit on gains from the sale of some hotels and  higher room rates, and raised its outlook for the year.
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Higher passenger numbers helped Irish budget airline Ryanair increase earnings by 14.9 percent in the latest quarter despite rising fuel costs, the company said Tuesday.
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The Irish carrier posts better than expected earnings, but still faces challenges and high valuation.
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PARIS, Nov 4  - The European Aeronautic Defence and Space Company reported Thursday that its nine-month net profit more than doubled, thanks largely to sales of Airbus aircraft, and raised its full-year forecast.
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Air France-KLM  on Thursday  posted a 32.5 percent rise in 2006-07 operating profit, led by  passenger traffic growth, and announced a plan to save 1.4  billion euros over three years, boosting its shares.
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Southwest Airlines and Continental Airlines posted higher quarterly earnings yesterday as fuller planes and fare increases helped offset soaring fuel costs.
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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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OfficeMax Inc  posted a  better-than-expected quarterly profit on Tuesday, helped by  lower expenses and improved margins.