CABIN-EQUIPMENT specialist BE Aerospace (BEA) has posted losses for the first half of its financial year, but believes that the worst may be over, with rising revenues and a return to profits predicted for the third quarter.
BEA is blaming higher development costs and interest charges for its poor second-quarter performance, which left the group showing net losses of $375,000 for the first half to the end of June.
A year ago, BEA had turned in profits of $2.04 million. Sales were flat at $113 million.
The company says that it is still awaiting a "substantial and sustained" upturn in airline cabin-interior refurbishment and entertainment-system upgrade activity. Chairman Amin Khoury believes that the airline recovery will "soon translate" into higher spending in the sectors.
Source: Flight International
