|
|
|
|
|
|
|
|
|
  |
finance NewsFitch Downgrades Southwest Airlines to 'BBB'; Outlook Negative
Fitch Ratings has downgraded the debt ratings of Southwest Airlines Co. (NYSE: LUV) as follows: Issuer Default Rating (IDR) to 'BBB' from 'BBB+'; Senior Unsecured Debt to 'BBB' from 'BBB+'; Unsecured Bank Credit Facility to 'BBB' from 'BBB+'; Secured Term Loan Due 2020 to 'BBB+' from 'A-'. SITA Reports financial news for 2008
SITA reported consolidated revenues of $1.47 billion for the year 2008, up 3.5% on the previous year’s figure of $1.42 billion. Ryanair to give away 1,000 seats for every EUR1 million of tax losses announced by Aer Lingus
IRELAND : Ryanair announced (06-Mar-09) that it would give away 1,000 free seats for every EUR1m of after tax losses announced by Aer Lingus in its full year results on Wednesday 11-Mar. Ryanair believes that Aer Lingus will announce an after tax loss of between EUR100m to EUR150m, which will see Ryanair release between 100,000 to 150,000 free seats for travel during 23 - 27-Mar-09 on its 105 routes to/from Dublin and Shannon airports. AirAsia reports fourth quarter results
MALAYSIA : AirAsia Berhad is pleased to announce (27-Feb-09) the unaudited results for the fourth quarter ended 31-Dec-08 and provide a review of recent notable events and achievements. SkyEurope Holding AG further postpones release of annual financial statements
SLOVAKIA : SkyEurope Holding AG announced (17-Feb-09) the further postponement of the publication of its annual financial statements for the financial year ended 30-Sep-08 as SkyEurope Holding AG’s management continues to assess certain material estimates in connection with these annual financial statements. SkyEurope extends deadline for repayment of York loan
SLOVAKIA : York Global Finance II extended (16-Feb-09) the deadline for the repayment of its EUR 15 million loan granted in Dec-07 and its EUR 10 million loan granted in Sep-08 to SkyEurope Airlines to 15-Mar-09. Both loans were due for repayment on 15-Feb-09 in accordance with the loan agreements as amended. Air Arabia reports rise in profit for 2008
UNITED ARAB EMIRATES : Air Arabia announced (15-Feb-09) its financial results for the year 2008. The company achieved a net profit of AED 510 million for the financial year ending 31-Dec-08, compared to a net profit of AED 376 million in 2007, an increase of 35.6%. Ryanair raises fiscal year outlook
IRELAND : Ryanair announced (02-Feb-09) a Q3 loss of EUR102 million, (compared to a profit of EUR35 million in last year’s Q3). Average fares fell by 9% to EUR34, while fuel costs rose by 71% to EUR328 million. Revenues rose by 6% to EUR604.5 million, as traffic grew 13% to 14 million, as more consumers switch to Ryanair’s low fares from high fare competitors. Virgin America reports net loss for first three quarters 2008
Virgin America reported (02-Feb-09) the company's past financial data for the fourth quarter of 2007 and the first three quarters of 2008. Despite record fuel costs and a challenging economic climate, the new airline reported consistent and steadily growing unit revenue and load factors since its launch in Aug-07, with record growth in the latter part of 2008. AirTran Holdings reports 4Q08 results
ALGERIA : AirTran Holdings reported (28-Jan-09) a net loss of USD273.8 million for the full year 2008, or USD2.51 per diluted share, which included non-operating losses of USD150.8 million related to changes in fair value on the Company's out-of-the-money fuel hedge contracts. SkyEurope secures EUR 10 million loan from York Global Finance
SLOVAKIA : SkyEurope Holding AG announces that York Global Finance has granted a bridge loan facility totaling EUR 10 million to SkyEurope Airlines. Bahrain Air capital increase approved
BAHRAIN : Bahrain Air general assembly has decided to double the airline's authorised capital to USD 53 million dollars. Record profits at Jet2.com
UNITED KINGDOM : Philip Meeson, Chief Executive of Jet2.com, said: We have had another great summer, our aircraft have been full and we have made record profits, in fact we are expecting our parent company's half-year profits to be in excess of GBP30 million. |
|
|
|
|
 |