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
Uber Technologies Inc., the company behind the famous ride-sharing app, is expanding its pilot food delivery service program, UberEATS, to New York City and Chicago. Uber's new pilot program allows customers to order a meal that will be delivered to them within ten minutes. There is a $3 delivery... Standard Chartered said it is still reviewing whether to shift its headquarters out of London, at a time when banks in Britain face higher levy and regulatory costs. Tyson Foods Inc. (TSN) Tuesday said it plans to eliminate the use of human antibiotics from its chicken production, as the meat producing giant joins other peers who have taken similar steps in the wake of health concerns. Tyson Foods said it is striving to eliminate the use of antibiotics from its...
comments powered by Disqus
Follow RTT