Good Week
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Airbus - The airframer managed to record a first-half EBIT of €712 million ($1.12 billion), up from just €19 million in the first half of 2007 - despite a €715 million charge incurred as a result of A380 delivery delays. "The higher EBIT reflected the excellent delivery performance for single-aisle and A330 aircraft as well as Power8 savings," says Airbus parent EADS. At 30 June the orderbook stood at a record 3,663 aircraft, equivalent to six years' production.
Bad Week
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Ryanair - After an 85% drop in first-quarter profits knocked a quarter off its share price, the Irish low-cost carrier warned that it may make its first annual loss since 1989. Spiralling fuel prices and the looming recession have forced the abandonment of plans to raise fares. Instead, they will be cut in a bid to snatch market share. Having taken the pain of the spike in oil prices, Ryanair has admitted defeat by putting third-quarter hedges in place.
Source: Flight International
