Air Berlin sees profit lift-off
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Air Berlin reports a return to profit as new routes and the acquisition of a rival airline boost sales.
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Airlines worldwide may make a combined profit of $1.2 billion next year, their first since 2000, as fuel prices fall from record highs and passenger traffic increases, the International Air Transport Association said.
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The airline is expected to report on Thursday, that it is on track to make an operating profit in the current year to March 2005, however, for the first time in five years.
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Lufthansa AG made a net profit of 164 million euros (&#36;211 million) in the first nine months of 2004, reversing a loss of 409 million euros the year before on growth in the number of international passengers, the company said Wednesday.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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PEACHTREE CITY, Ga. - The stock of World Airways Inc., which flies charter aircraft, took off Wednesday after the company raised its profit forecast citing strong revenue from an Air Force contract and additional commercial bookings.
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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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Switzerland&#39;s struggling national airline swung to a profit for the third quarter but pledged Tuesday to keep cutting costs as it felt the bite of high oil prices and competition from low-cost carriers in Europe.
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Low cost airline Easyjet says its full year profits will be higher than forecast after a strong summer's trading.
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Business & money: British Airways warns of fall in leisure bookings as it reports a 34.9% increase in pre-tax profits to Â£788m
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Air France-KLM has said it was set for healthy results in the 2006-2007 financial year after reporting that third quarter net profit had tripled to 229 million euros (299 million dollars) from the same period a year earlier.
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WELLINGTON (Dow Jones)--Air New Zealand Ltd. (AIR.NZ) said Wednesday it expects to post a slight drop in profit in the current financial year, and that it hopes to raise NZ$186 million in a rights issue next month to fund investment in new aircraft.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.
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Continental Airlines Inc  on  Thursday posted a fourth-quarter profit as more international  flights helped offset higher fuel costs.
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European aerospace giant EADS more than doubled its profit in the first nine months of the year, topping market expectations as a rebound in civil
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Air France-KLM said Thursday that fiscal second-quarter profit rose 26 percent, but shares of Europe's biggest airline fell as much as 8 percent after it announced tentative talks on a tie-up with Alitalia.
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Transport group Go-Ahead reports a rise in profits despite "severe" problems at its aviation division.