Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

BBA Aviation Q1 Group Revenue Up 2% - Quick Facts

4/24/2012 2:20 AM ET

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."

Register
To receive FREE breaking news email alerts for BBA Aviation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Intel Corp. said Tuesday after the markets closed that its first quarter profit fell 5% from last year, hurt mainly by higher income tax expenses even as revenue grew slightly. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell shy of analysts' forecast. With traders digesting a mixed batch of catalysts, stocks saw considerable volatility over the course of the trading day on Tuesday before closing mostly higher. The gains on the day extended the recovery off the two-month lows set last Friday. The major averages showed a notable rebound in afternoon trading to end the day in positive territory. U.S. President Barack Obama and his Russian counterpart Vladimir Putin spoke regarding the ongoing crisis in Ukraine for the first time in over two weeks on Monday, although the two leaders remain far apart on the cause of escalating tensions.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.