Finance and economy
3,225 news found
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
Finance and economyAircraft. Aeroflot Group: operating results for March 2020
Impact of coronavirus pandemic
Aeroflot announces today operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for March and 3M 2020.3M 2020 operating highlightsIn 3M 2020, the Group carried 1... more
Finance and economyWizz Air: post-close trading statement
The detailed press release issued by the carrier
Wizz Air communicates today that: "Wizz Air Holdings (Wizz Air or the Company), the low-cost airline in Central and Eastern Europe today provides a post-close trading update for the year ending 31st March... more
Finance and economyLeonardo. Shareholders’ meeting: filing of Remuneration Report
Convened in May
With reference to the Shareholders’ Meeting of Leonardo, convened in Ordinary session on 13 and 20 May 2020 (in first and second call respectively), Leonardo hereby informs that is available to the public a... more
Finance and economyAirports. Autogrill: update on Covid-19
Its BoD reviewed the results and the actions implemented to deal with the crisis
The Board of Directors of Autogrill has today reviewed the consolidated revenue as at the 29th March 2020 as well as the mitigating actions the Group has implemented to deal with the COVID-19 crisis.The... more
Finance and economyRecord earnings for China Southern Airlines
The largest Chinese carrier earns $ 21.7 billion net
AVIONEWS reports that China Southern Airlines, China's largest carrier, reported a 7.45% increase in its net revenues of 154.3 billion yuan (approximately $ 21.7 billion). Passenger transport alone brought... more
Finance and economyFincantieri. 2019 results: order intake at EUR 8.7 billion
And total backlog at almost EUR 33 bn -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has approved the Consolidated financial statements at December 31, 2019, the draft financial statements of the parent company at... more
Finance and economyAircraft and transport. Covid-19. IATA: airlines facing rapid cash burn
The Association published new analysis -ATTACHMENT
The International Air Transport Association (IATA) published new analysis showing that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while... more
Finance and economyAVIO: 2019 results
Net income and cash growth continue -ATTACHMENT
The Board of Directors of Avio SpA reviewed and approved yesterday the statutory and consolidated financial statements of Avio SpA at December 31, 2019.The hightlights are:Net Revenues: Euro 368.7 million... more
Finance and economyCovid-19. Airbus announces measures to bolster liquidity and balance sheet
New € 15 billion credit facility
Airbus announces measures to bolster its liquidity and balance sheet in response to the COVID-19 pandemic as it continues to assess the ongoing situation and the impact on its business, customers, suppliers... more
Finance and economyPandemic (2). European carriers: S&P Global cuts ratings
Ax on easyJet, Ryanair, Lufthansa, British, Air Baltic, Turkish, Iag and Sas
Financial information and analysis firm S&P Global, a subsidiary of Standard & Poor, wrote last Friday: "The spread of Covid-19 cases around the world in recent weeks has plunged the demand for air traffic.... more
Finance and economyAutogrill: cda esamina ed approva risultati 2019
The highlights -ATTACHMENT
The Board of Directors approves consolidated financial statements and draft of separate financial statements at 31 December 2019.The highlights:Net result excluding IFRS16 of €237m (€69m in 2018)The Boa... more
Finance and economyLeonardo BoD approved results at 31 December 2019
Fully focused on execution of Industrial Plan - ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements at... more
Finance and economyAirplanes. Air France-KLM Group: February 2020 traffic
The data in a leap year - ATTACHMENT
Air France-KLM Group unveiled today the traffic results in February 2020.The highlights are: Please note that 2020 being a leap year, reported February traffic and capacity figures are mechanically increased... more
Finance and economyAircraft and transport. IATA updates COVID-19 financial impacts
Relief measures needed; two possible scenarios -ATTACHMENT
The International Air Transport Association (IATA) updated its analysis of the financial impact of the novel coronavirus (COVID-19) public health emergency on the global air transport industry. IATA now... more
Finance and economyAirplanes-helicopters. Airbus reports 2019 results
Record commercial aircraft deliveries - ATTACHMENT
Airbus reports today Full-Year 2019 results.The highlights are:Record commercial aircraft deliveriesStrong underlying financial performance, FY 2019 guidance achieved€ -3.6 billion penalties recognised f... more
Finance and economyIATA: slower but steady growth in 2019
Compared to 2018’s annual growth
The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2019 showing that demand (revenue passenger kilometers or RPKs) rose by 4.2% compared to the... more
Finance and economyFinancial plan for South African Airways finalized
There is liquidity until the rescue project is implemented
South African Airways announces in a note that "Extraordinary commissioners appointed by South African Airways Soc Ltd, with the support of the Department of Public Enterprises (DPE) and the ministry of... more
Finance and economyLeonardo BoD completed an initial review of 2019 expected performance
The Group will present in March Full Year results and an update of the Industrial Plan
At the meeting yesterday Leonardo Board of Directors completed an initial review of 2019 expected performance. The review showed that the Group has performed very well, delivering on its plans in the important... more
Finance and economyLeonardo: up to EUR 100m financing from Cassa Depositi e Prestiti
In order to fund investments in research, development and innovation
The investments will be focused on 4 main areas: development of technologically advanced products, cybersecurity, IT infrastructures and production efficiency more
Finance and economyPlanes-helicopters. Boeing: fourth-quarter results
The segment data
Boeing reported yesterday fourth-quarter results. Fourth Quarter 2019 Financial results continue to be significantly impacted by the 737 MAX groundingRevenue of $17.9 billion, GAAP loss per share of (... more
Finance and economyCoronavirus: Chinese carriers' shares collapse
Shanghai closes with the lowest result since 2019
Declining shares for Chinese carriers due to the coronavirus that hit the city of Wuhan. However, all sectors of the stock market are affected: the Shanghai index closed with a decrease of 2.8%: this is... more
Finance and economyUS-China truce: consequences for Europe and emerging countries
Could we find squeezed between two fronts?
After the US-China agreement (see AVIONEWS), analysts fear that the ghost of tariffs will move to Europe or emerging countries. Sylvain Broyer, chief economist of the rating agency "Standard and Poor's",... more
Finance and economyUSA-China: the truce of duties is signed
The deal comes after two years of trade war between the two countries
The United States and China signed the duties agreement. After almost two years of trade war between Washington and Beijing, the truce between the two countries is arrived between the American president... more
Finance and economyDelta Air Lines announces December quarter
And full year 2019 profit
Delta Air Lines reported today financial results for the December quarter and full year 2019 and provided its outlook for the March quarter 2020..December Quarter financial highlightsAdjusted earnings... more
Finance and economyLeonardo: financial calendar 2020
For Board of Directors and shareholders' meeting
Leonardo informs that the annual calendar of corporate events for the year 2020 is as follows:Thursday 12 March – Board of Directors: Draft Annual Report for 2019Thursday 7 May – Board of Directors: Res... more
Finance and economyAtlantia continues to fall in the stock market
Difficult moment for the company
The stock market continues to fall for Atlantia (-1.04%) again due to fears over motorway concessions. Therefore, Piazza Affari in Italy moves slightly above parity (+ 0.08%).On a page concerning Italian... more
Finance and economyAvio: nine months 2019 Group consolidated results
Revenue and Ebitda growth continues; stable net cash position
The Board of Directors of Avio SpA yesterday reviewed and approved the 9M 2019 Group consolidated results.The highlights are:Net Revenues: Euro 270.3 million (+3% on the corresponding first nine months... more
Finance and economyLeonardo: results at 30 September 2019
2019 Guidance confirmed - ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the results at 30 September 2019.The highlights are:Solid 9M 2019 performanceNew... more
Finance and economyFincantieri: the BoD approves 9M 2019 results
Ships to be delivered up to 2027 -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at September 30, 2019.The highlights are:Revenues increased by 9.7%... more
Finance and economyUSA-China: agreement for elimination of duties
The end of the trade war is approaching
The United States and China have reached an agreement to eliminate "phased" duties. This is an important step forward for the end of the trade war between the two superpowers. The Chinese Trade Ministry... more
Finance and economyAna Holdings: financial results for the 6 months ended in September
Traffic data and forecasts
The Group will continue to invest in safety, quality and service to prepare for the capacity expansion of the Tokyo metropolitan airports in 2020 more
Finance and economyNegotiations continue between the US and China
"APEC" cancelled due to clashes in Chile, but negotiations do not stop
A new telephone conversation tomorrow between the United States and China to discuss the trade dossier: negotiations continue despite the uncertainties due to the cancellation in Chile of the "APEC" (Asia-Pacific... more
Finance and economyAirplanes-helicopters. Airbus reports 9m 2019 results
The highlights -ATTACHMENT
Airbus reported Nine-Month (9m) 2019 consolidated financial results and provided full-year guidance.The highlights are: Solid commercial aircraft environment9m financials mainly reflect A320neo ramp-up... more
Finance and economyExchange: Europe registers parity
Airbus growing, prudence in view of the US-China meeting
Today, European equities recorded parity despite the appointment on Thursday 10 October between the United States and China to resolve trade disputes and news of an upcoming invasion of Syria by Turkey... more
Finance and economyEuropean Parliament. Hearing of Commissioner-designate Paolo Gentiloni
MEPs from the budgetary affairs committee also participated in it
The Economic and Monetary Affairs committee questioned Paolo Gentiloni, Italian candidate for the economy portfolio.Political groups’ coordinators from the committee will meet within 24 hours to assess t... more
Finance and economyAirbus resumes its ascent after yesterday's European stock exchange crash
US duties scare the markets
Today the European shares have recovered, the day after recording the worst session since December 2018, accomplices to the alarming news on manufacturing and growth, the "Brexit" chaos (see AVIONEWS)... more
Finance and economyUS sanctions for Europe cause of Airbus
World Trade Organization recognizes America 7.5 billion - VIDEO
Today, the European Commission has declared that the US decision to impose trade sanctions on EU imports will risk causing damage on both sides of the Atlantic.The reference is on the decision by the World... more
Finance and economyAutogrill: data for the first eight months 2019
Strong performance at airports -ATTACHMENT
The Board of Directors of Autogrill SpA reviewed and approved yesterday the consolidated revenue performance for the eight months ended 31 August 2019.The highlights are: Revenue: €3,190m, +3.3% at co... more
Finance and economyLeonardo included in the Dow Jones Sustainability Indices for the 10th consecutive year
First place among the 5 Aerospace & Defense companies admitted to Djsi in 2019
Leonardo has become Aerospace & Defence reference in the Dow Jones Sustainability Index (DJSI), confirming its inclusion in the indices for the 10th consecutive year. The DJSI are among the most prestigious... more
Finance and economyAvio: first half 2019 results
Vega return to flight in 1Q 2020 -ATTACHMENT and VIDEO
The Board of Directors of Avio SpA, aerospace reference company, reviewed and approved yesterday the 1H 2019 results. Highlights VV15 Independent inquiry commission: in place the action plan for Vega t... more
Finance and economyIATA: working together to shape a sustainable future
The "WFS" will be held in Miami, 25-26 September 2019
The International Air Transport Association (IATA) announced that the "2019 World Financial Symposium" (WFS) will focus on the theme of shaping a sustainable future together: airlines, IATA and partners.The... more
Finance and economySwitzerland: increase in the cost of airline tickets to reduce greenhouse gases
Ready a series of reforms to respect the Paris Agreement
According to various Swiss media, the Swiss Commission for the Environment Council of the State proposed, today 19 August, the increase in the cost of air tickets, diesel, gasoline to reduce carbon dioxide... more
Finance and economyAtlantia: Group half-year financial report approved
Passenger traffic: + 2.0% AdR, + 5.7% Aéroports de la Côte d'Azur -ATTACHMENT
The meeting of the Board of Directors of Atlantia SpA, chaired by Fabio Cerchiai, has approved last Friday the Atlantia Group’s interim report for the six months ended 30 June 2019 (“H1 2019”), which will... more
Finance and economyAutogrill: BoD approves results at 30 June 2019
Strong performance at airports - ATTACHMENT
The Board of Directors of Autogrill SpA, which convened today, has reviewed and approved the consolidated results at 30 June 2019.The highlights are:Revenue up 4.3% to €2.3 billionRobust like for like r... more