Good week

Michael O'Leary
 © Ryanair
RYANAIR The Irish budget carrier blamed air traffic control strikes and bad weather for a third-quarter loss of €10.3 million ($14 million) despite a 22% revenue jump to €746 million. But the Q3 deficit was marginally better than the €10.9 million posted last year, and profit for the nine months to 31 December was still up by 17% at €442 million, with full-year profit guidance holding at €380-400 million, up a fifth to a quarter on last year's €319 million.

 

Bad week

Boeing 747-8I final body join
 © Boeing
BOEING Fitch Ratings downgraded the airframer's $12.4 billion debt from A+ to A. The cashflow impact from 787 and 747-8 delays is Fitch's key worry, although aggressive 787 production plans, uncertainty about the programme's profit margins and integration of the new Charleston facility also figured, along with the outlook for defence spending and industry susceptibility to shocks such as terrorism and disease and new narrowbody competitors.

 

 

Source: Flight International

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