Finance and economy
1,619 news found
AirlinesLufthansa Group: 2Q2020 results
The cargo sector with a strong period -ATTACHMENT
Consequences of Corona pandemic have a considerable impact on its data more
AirlinesVirgin Atlantic could run out of liquidity by September
One of the company's lawyers reported this in court
Not a penny: it's not encouraging the prospect that could be closely related to the carrier Virgin Atlantic Airways Limited, according to reports in court this morning by David Allison, lawyer of the... more
AirlinesRomania could save Tarom airline
Flag carrier may soon receive State aid
A small glimpse: for Tarom, flag carrier of Romania, a less uncertain future can be imagined after what was discussed today at the Ministry of Transport during a public debate. The ministry examined the... more
DefenseDefence. German and French companies will give up on American technologies
They mainly produce drones and fighter planes
Greater independence from the United States: this is the goal that several German and French companies have set for themselves in the production and manufacture of rifles, fighter planes and drones. American... more
Finance and economySafran: strong operational execution brings resilience in 1H 2020
Covid-19, adjusted and consolidated data -ATTACHMENT
The Board of Directors of Safran, under the Chairmanship of Ross McInnes, at their meeting in Paris on July 29, 2020 (the company communicated yesterday the results), adopted and authorised the publication... more
Finance and economyLeonardo strengthens financial support for its supply-chain
Also in this context affected by the pandemic situation
Leonardo confirms its commitment to support and strengthens the industrial structure and competitiveness of its supply chain AD&S sector on international markets, also in this context affected by the... more
Finance and economyLeonardo: results at 30 June 2020
The highlights -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results of the first half 2020.The highlights:Responding robustly to... more
AirlinesThailand, court grants Nok Airlines bankruptcy protection
Low travel demand made the company going in liquidation
No possibility of recovery: these words were used a few weeks ago by the board of directors of NokScoot Airlines, low-cost carrier that is part of Nok Airlines. Now there is an important update about conditions... more
Civil aviationPlanes-helicopters. Airbus reports Half-Year (H1) 2020 results
The highlights - ATTACHMENT
Airbus reported consolidated financial results for the Half-Year (H1) ended 30 June 2020.The highlights are: Industrial system adjusted to new production levels, cash containment and business resizing... more
Civil aviationAirplanes-helicopters. Boeing reports 2Q results
They continue to be impacted by COVID-19 and the 737 MAX aircraft grounding
Boeing reported second-quarter results.The highlights:Financial results continue to be significantly impacted by COVID-19 and the 737 MAX aircraft groundingRevenue of $11.8 billion, GAAP loss per share... more
AirlinesRyanair: Covid-19 grounds 99% of its aircraft fleet
40% of its flights resume 1 July
Ryanair Holdings plc today (27 July) reported a Q1 loss of € 185m, compared to a PY Q1 net profit of € 243m. Highlights of Q1 include:Over 99% of the aircraft fleet grounded from mid-March to end June... more
AerospaceThales: 2020 half year results
The highlights
Thales’s Board of Directors met on 23 July 2020 to review the financial statements for the first half of 2020.The highlights are:Order intake: €6.1 billion, down 13% (-23% on an organic basisSales: €7.... more
AirlinesUnited Airlines, big losses in the second quarter
American aircraft must face flights restrictions
Skies are friendly for United Airlines (like its claim says) but it’s not the same for last financial numbers. Company announced details of 2020 second quarter. These 3 months were so difficult, maybe t... more
Finance and economyLockheed Martin reports 2Q2020 results
The highlights
Lockheed Martin reports second quarter 2020 results.The highlights are: Net sales of $16.2 billionNet earnings of $1.6 billion, or $5.79 per shareGenerated cash from operations of $2.2 billionAchieved... more
Finance and economyLeonardo issues on the Eurobond market a EUR 500 million of bonds
The offering has a 5.5 year tenor
Leonardo successfully issued yesterday a EUR 500 million bond. The offering, targeted to Italian and international institutional investors, has a 5.5 year tenor, maturity January 2026, and a fixed-rate... more
Finance and economyLeonardo: new bond issue
Dedicated to institutional investors
Short. Leonardo SpA has mandated a group of primary international banks to proceed with a new bond issue, reserved to institutional investors only, to be placed in the Eurobond market and to be issued... more
Finance and economyAircraft and transport. IATA: industry losses to top $84 billion in 2020
According to the financial outlook released by the Association -ATTACHMENT
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit... more
Finance and economyFincantieri: shareholders' meeting approves 2019 financial statements
And it appoints new Board of statutory auditors
Fincantieri SpA held its ordinary Shareholders’ Meeting today in Trieste on a single call.In consideration of the COVID-19 health emergency and taking into account the regulatory provisions issued for t... more
Finance and economyAircraft. Embraer: earnings results 1st quarter 2020
The company delivered five commercial and nine executive jets -ATTACHMENT
Embraer announced today earnings results 1Q20.The highlights:The company delivered five commercial jets and nine executive jet aircraft (five light / four large) in 1Q20, and the Company’s firm order b... more
Finance and economyAtlantia: extraordinary Board meeting
It examined the overall situation of its subsidiary, Autostrade per l’Italia (ASPI)
Last Friday’s extraordinary meeting of Atlantia’s Board of Directors examined the overall situation of its subsidiary, Autostrade per l’Italia (“ASPI”). The Board noted that, as of today, there has been... more
Finance and economyAutogrill: shareholders' meeting approves the 2019 financial statements and new BoD
30 April 2020 trading update -ATTACHMENTS
The Shareholders' Meeting of Autogrill SpA, held yesterday in ordinary session and chaired by Paolo Zannoni, examined and approved the 2019 financial statements, which reported a net profit of €35.4m. T... more
Finance and economyLeonardo: shareholders' meeting approves 2019 financial statements, and appoints new BoD
Luciano Carta as Chairman -ATTACHMENT
The Shareholders’ Meeting of Leonardo Spa, convened today in Rome, has resolved on the followingsCompany Financial Statements for 2019 approvedSistemi Dinamici SpA Financial Statements at 31 December 2... more
Finance and economyFincantieri: BoD approves 1Q2020 results
Total backlog at 31.9 billion -ATTACHMENT
Primary objectives: employees safety and backlog safeguard more
Finance and economyIAG (BA and Iberia): 1Q2020 financial results
Gallego will succeed Walsh as Group CEO in September -ATTACHMENT
International Consolidated Airlines Group (IAG, that includes British Airways and Iberia carriers) presented yesterday Group consolidated results for the three months to March 31, 2020. The results for... more
Finance and economyLeonardo: good start to the year with orders
COVID-19 impact began in March; not yet able to quantify effects in 2020 -ATTACHMENT
Leonardo's Board of Directors (BoD), convened yesterday under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the results of the first quarter 2020The highlights of the results... more
Finance and economyLufthansa negotiates stabilization package for the Group
For EUR 9 billion
Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds - WSF) to finance the Lufthansa Group. The negotiations... more
Finance and economyLeonardo signed new credit facilities to strengthen the Group’s liquidity
For EUR 2 billion
Leonardo signed yesterday new credit facilities with a pool of international banks for € 2 billion. These facilities, together with cash in hand and existing credit lines, result in a total liquidity f... more
Finance and economyAirplanes and helicopters. Boeing reports first-quarter results
Significantly impacted by COVID-19 and the B-737 MAX aircraft grounding
Boeing reported yesterday the first-quarter results.The highlights are: Financial results significantly impacted by COVID-19 and the 737 MAX aircraft groundingRevenue of $16.9 billion, GAAP loss per share... more
Finance and economyAirplanes and helicopters. Airbus reports 1Q 2020 results
Market environment strongly impacted by COVID-19 situation -ATTACHMENT
Airbus reported today consolidated financial results for its first quarter (Q1) ended 31 March 2020.The highlights are: Market environment strongly impacted by COVID-19 situation, particularly in commercial... more
Finance and economyBrief. Aircraft and industry: Embraer shares are listed on the Stock Exchange
After the announcement of the failure of the agreement with Boeing
Today on Monday April 27 Embraer's stock on the Sao Paulo Stock Exchange fell by almost 15% at the opening of the first session, after Boeing announced last Saturday that it had abandoned the agreement... more