logo
Share SHARE
FONT-SIZE Plus   Neg

BBA Aviation Q1 Group Revenue Up 2% - Quick Facts

BBA Aviation Plc (BBA.L) said its first-quarter Group revenue grew by 2%, whereas after adjusting for fuel prices, revenue declined by 1%. Revenue in Flight Support slid 8% after adjusting for fuel prices. The Flight Support unit, particularly ASIG, was negatively impacted by North America's exceptionally warm winter resulting in limited de-icing revenue in the first quarter of 2012 compared with last year.

Aftermarket Services and Systems' revenues grew 15%, driven by solid demand for engine overhaul services and legacy products together with a strong contribution from the GE fuel measurement business.

BBA Aviation Group Chief Executive said: "B&GA and commercial movements in the first quarter in both North America and Europe have been muted. We anticipate this continuing for the remainder of the first half, consistent with our view that the uncertain economic climate will result in low and somewhat volatile growth in our major markets in 2012. This, together with lower de-icing revenues against a strong comparator, represent headwinds for the first half, however with ongoing underlying operational progress we continue to expect this to be a year of further progress, and see good opportunities to deploy our investment capacity in a value creative way."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT