Company Period Net US$ mil Comp period Sales US$ mil % change
Aer Lingus Y Dec 31 51.2 24.2 1,225 -4.0
AMR Corp 1Q Mar 31 152.0 157.0 4,006 2.4
Austrian Airlines Y Dec 31 19.8 30.4 1,228 8.8
China Eastern Airlines Y Dec 31 70.8 75.7 874 10.5
Continental Airlines 1Q Mar 31 74.0 88.0 1,698 14.0
Delta Air Lines 3Q Mar 31 187.0 (298.0) 3,420 15.4
Northwest Airlines 1Q Mar 31 59.6 40.4 2,376 4.9
SAirGroup Y Dec 31 (402.2) (136.4) 6,646 11.6
Southwest Airlines 1Q Mar 31 50.9 33.0 887 14.8
Turkish Airlines Y Dec 31 53.3 8.1 1,264 12.0
UAL Corp 1Q Mar 31 105.0 (23.0) 4,100 10.8
US Airways Group 1Q Mar 31 131.8 (54.6) 2,101 12.5
Net interest charges fell from $32.7m to $2m and there was a $7m gain from ending B767 leases. In 1995 the sale of hotels cost $26.3m.
Profits were flat at American's parent due to the threatened pilots' strike and a $20m charge for stock options being offered to pilots.
Austrian's result from ordinary activities rose 84% to $9.6m. The net result is after financial adjustments.
International traffic jumped 35% but yield dropped 23% due to new routes, the weaker yen and increased competition.
Operating income jumped 21.7% to $146m as yields and load factors rose, but a $46m income tax provision depressed the net.
Operating income rose from $169m to $398m. Restructuring charges were $52m, compared with $556m in the 1996 third quarter.
Northwest's 21% net profit improvement came on a flat operating performance, with a 1% drop in yields and a 1.1% rise in unit costs.
Operating profit at Swissair's parent rose 40% to $278m, but there was a $243m restructuring charge and a $216m Sabena write-down.
Southwest's operating income surged over 50% to $87.2m. Yield rose 2.4% and load factors rose 1.6 points, but fuel prices increased.
Improved service, tourism growth, new destinations and lower capital expenditure helped Turkish Airlines to boost its net profit.
United's parent boosted operating earnings from $62m to $194m. The 1996 first quarter net loss was after a $29m extraordinary loss.
US Airways' operating income leapt from $10.8m to $175.6m, helped by good economic and weather conditions. Unit costs fell 3.6%.
Source: Airline Business
