AIRCASTLE had $83.3m net income on $855m revenues for year ended Feb 29 vs $62.8m on $796m a year ago and ended fiscal year with 243 owned/nine managed aircraft (for Mizuho Leasing) vs 239/nine. It has $3b in liquidity.
AMERICAN AIRLINES had $312m net loss on record $12.6b revenues in 1Q24 vs $10m profit on $12.2b in 1Q23. It reduced total debt by nearly $950m and has cut >$12b of its goal of reducing total debt by $15b by the end of 2025.
SOUTHWEST AIRLINES had $231m net loss on record $6.3b revenues in 1Q24 vs $159m loss on $5.7b in 1Q23; it has $11.5b in total liquidity. It says based on Boeing delivery delays, it now projects to take 20 737-8s in 2024 instead of 46, reducing planned retirements to 35 (31 -700s/four -800s) from 49 (45 -700s/four -800s), ending year with 802 aircraft.
ARCHER signed multi-hundred-million dollar framework agreement to accelerate commercial air taxi operations across the UAE, to launch as soon as 2025 with Midnight eVTOL, including in-country manufacturing, operations and training.
GENERAL DYNAMICS AEROSPACE earned $255m on $2.1b sales in 1Q24 vs $229m on $1.9b in 1Q23, ending quarter with $20.5b backlog vs $19.3b a year ago. GULFSTREAM delivered 24 (21 large cabin) business jets in 1Q24 vs 21 (17).
