Adrian is Auckland bureau chief for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.
Adrian was previously based in Aviation Week’s Washington office for nine years, writing for a range of the group’s publications and covering many aspects of the commercial aviation industry. He has won Australasian and international awards for his aviation writing.
Prior to joining Aviation Week in 2002, Adrian covered aviation industry and policy issues for two other publishing companies in Washington. He has also worked for newspapers in Texas and New Zealand, covering a wide range of topics. Adrian graduated from Auckland University with a degree in history and English in 1992.
FedEx yesterday reported a staggering 35% growth in net profit for the fiscal quarter ended Feb. 28, prompting the company to raise its profit guidance for the current quarter and the full year.
The commercial aerospace industry is enjoying favorable conditions as airline recovery continues, although the current order cycle for Boeing and Airbus probably peaked last year, Standard & Poor's said in a report released this week.
Strong revenue growth boosted Hawaiian to a modest pre-tax profit for 2005, but an abnormally high tax burden hammered the carrier back into a net loss for the year. The 2005 pre-tax profit totaled $10.5 million, and after taxes were included the net loss was $12.4 million. Hawaiian's full-year and fourth-quarter results were dampened by "an unusually high provision for income taxes," resulting in an effective tax rate of 218% for 2005, the airline said.
