Further evidence of a surging civil aviation economy comes from systems supplier Goodrich. Overall, sales were up 16% at $2.03 billion and pre-tax profit gained 34.5% to $300 million, and for the full year Goodrich forecasts a 15% increase in large airliner original equipment sales, assuming Boeing 787 and 747-8 schedules are maintained.
Meanwhile, on the operating side of the equation things are less cheerful. The world's mightiest - or at least biggest - airline, United-Continental, saw rising oil prices add $1 billion to its quarterly fuel bill to slash pre-tax income by 22.5% to $660 million despite an 8.7% rise in operating revenue, to $10.2 billion. And, earlier this month, American Airlines parent AMR swung to a $162 million pre-tax loss for the third quarter, reversing a $143 million profit recorded the year-prior, as its fuel bill rose 41% year-on-year.
Are both of these trends sustainable?
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