Ryanair 2nd-Quarter Net Rises 15% on New-Route Sales
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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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Air France KLM reported an second-quarter operating profit up 7.8 percent to 568 million euros ($731 million) on Thursday and hiked its merger synergy targets as it repeated forecasts on full-year earnings.
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Budget airline Ryanair reports an 80% surge in profits after it carried more passengers to sunnier climes.
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Swedish aviation and defence group Saab said Friday its second-quarter profit soared by 45 percent, exceeding analysts&#39; expectations, owing to strong sales despite a plunge in orders.
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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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Strong sales of aerospace and industrial control systems helped boost Honeywellâs second quarter profits.
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Ryanair posted a 33 percent increase in annual net profit, helped by higher ticket prices, but it said profit growth would slow as higher interest rates prompted travelers to seek cheaper deals. Ryanair, the biggest low-cost carrier in Europe, said it expected profit growth of about 5 percent in the year ahead, with average ticket prices falling as higher borrowing costs curb consumer spending in Britain, the Irish airlineâs biggest market. Excluding one-time items, profit after taxes rose to 401.4 million euros ($540.4 million) in the 12 months that ended March 31, up from 301.5 million euros a year earlier, and better than the 393.5 million euros expected by analysts. Ryanair said its load factor fell to 80 percent in May from 82 percent a year earlier.
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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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Continental Airlines  posted a better-than-expected 15 percent increase in quarterly earnings on Thursday on strong demand for trans-Atlantic and other international flights.
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Auckland International Airport has reported a 13% increase in annual net profit, buoyed by strong growth in passenger numbers and a 30% increase in international seat capacity.
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WELLINGTON (Dow Jones)--New Zealand&#39;s Auckland International Airport Ltd. (AIA.NZ) Thursday posted double digit annual profit growth, buoyed by a surge in passenger travel, and said it expects to meet market consensus for the 2005 fiscal year earnings.
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Air France's 800m euro merger with KLM seems to be paying off as it reports upbeat second-quarter profits and forecasts full-year growth.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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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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British Airways said Monday that second quarter operating profits rose 23 percent on tighter costs and higher passenger numbers as long-haul travel recovers.
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Air France KLM on Thursday reported  second quarter operating earnings up 7.8 percent to 568 million  euros ($731 million) and hiked its merger synergy targets as it  remained confident on full-year earnings.
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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.