While Sikorsky Aircraft’s parent company, United Technologies (UTC), reported improvement in its second-quarter earnings compared with last year, the helicopter manufacturer itself experienced a decrease of 3 percent in sales, a 24-percent decrease in operating profit and a drop in return on sales of 2.8 basis points. In a webcast today, Greg Hays, CFO of UTC, attributed the decreases partly to weak military aftermarket sales, which he said were down 25 percent, and the fact that sequestration is making it harder to process orders for spares.
The Argus Prism annual audit of safety management system (SMS) implementations has been released and reveals deficiencies in areas different from those of the 2011 results.
According to Argus, “The objective of this report is to highlight those recurring problem areas found in SMS implementation and execution.”
Bad weather, fewer patient transports and a higher percentage of uninsured patients combined to create a surprise loss during the first quarter at Air Methods, the largest air ambulance provider in the U.S. CEO Aaron Todd hinted that the downturn was just temporary.
The roller-coaster recovery continued for business aircraft flying activity last month in the U.S., managing a 0.6-percent year-over-year gain after sustaining a 1.3-percent loss in June, according to the latest TraqPak data from aviation services company Argus.
Part 91 flying still leads in operational category segment, posting a 3.9-percent increase last month versus a year ago. Meanwhile, Part 135 charter activity was down by 1.9 percent and fractional flying dropped by 6 percent last month, largely mirroring the segments’ results in June.
Last week, JPMorgan economists lowered their global GDP growth forecast for the second half of this year by 0.5 percentage points, to 2.1 percent. “If it persists,” JPMorgan Equity Research said in its just-issued business jet monthly report, “the disappointing economic data should pressure new bizjet demand, further postponing a recovery in a market in which 2011 deliveries were still about 40 percent below the 2008 peak.”
While the number of business jet deliveries and overall industry billings continued to slide in the first quarter of 2012, there was a minor retrenchment for the turboprop segment, according to numbers released late last week by the U.S. General Aviation Manufacturers Association (GAMA). For the first quarter of the year, OEMs handed over 122 bizjets, a decrease from the 128 it delivered in same period last year, a decline of 4.7 percent, while the number of turboprops rose by two year-over-year, representing a better than 3-percent gain.
While the number of business jet deliveries and overall industry billings continued to slide in the first quarter of 2012, there was a minor retrenchment for the turboprop segment, according to numbers released by the General Aviation Manufacturers Association (GAMA).
“Positive distortion” caused by geopolitical and other factors inflated February 2012 traffic results reported by the International Air Transport Association (IATA), whose statistics showed an 8.6-percent improvement in passenger demand and a 5.2-percent rise in cargo demand compared with the same month last year.
Business aircraft flying activity in the U.S. returned to positive territory last month, with traffic rising 6.1 percent versus the year-ago period, according to TraqPak data released today by aviation services company Argus. As it has for much of the past year, Part 91 flying was solely responsible for the overall gain last month, with activity in this segment climbing a healthy 11.7 percent year over year.