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– Second-quarter revenue rose 1 percent to $17.2 billion
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Bombardier today announced the delivery into service of the first Global 5000 business jet in mainland China to Reignwood Group, a Beijing-based corporation with worldwide operations.
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Continental Airlines reported a second-quarter net loss of $213 million, widened from a $5 million deficit in the year-ago quarter, and announced it will cut 1,700 additional jobs “across the company” to mitigate the impact of “significant declines in high-yield traffic.”
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United Airlines parent UAL Corp. posted a second-quarter net profit of $28 million largely owing to $305 million in noncash mark-to-market fuel hedge gains, much improved over a $2.74 billion loss in the year-ago period when goodwill impairment charges dragged down the bottom line.
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Southwest Airlines returned to profit after three consecutive quarters in the red, earning $54 million in the second quarter ended June 30, down 83.2% from $321 million in the year-ago period, although it warned that “based on weak travel demand and fuel price volatility, we cannot predict a profitable third quarter 2009.”
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Ryanair will reduce winter schedule capacity at London Stansted by 40%, operating just 24 aircraft from the airport compared to the present 40.
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