Higher load factors and increased yields combined to produce the increase in revenue. Pretax income doubled to $41.2m but the tax provision rose.

The dislocation of American Eagle's fleet due to bad weather and a freak hailstorm affecting 10% of American's fleet cost $23m in net earnings.

The economy weakened in May and June, and CAI has revised earlier full year forecasts of a C$51m profit downwards to a net loss of C$35.4m.

Continental's record quarterly profit came after it closed Continental Lite, increased yields 5%, and renegotiated debt and deliveries.

Delta's unit costs fell 9% to 8.39 cents per ASM. The 1993/4 loss came after $526m in restructuring charges.

Emirates' passenger and cargo revenues rose 13% and 19.4%. India's plague cost $8.4m in lost revenue, while B727 depreciation cost $9.3m.

Northwest's traffic rose 8.4% on a 2.0% capacity growth and yields rose 1.5%. Operating income was $247.6m.

Operating expenses increased 13.5%, including 6.2% in jet fuel. Capacity rose 14.5% against a 9.9% RPM increase - load factors fell 2.9 points.

TWA's passenger load factor increased 2.3 points. Yield per revenue rose 2.5%, after a first quarter drop. Operating cost per ASM fell half a cent.

United's operating profit leapt from $167m to $302m as traffic rose 4.1% and yields 5.1%.

USAir benefited from improved conditions and cost cutting measures which have so far reduced annual costs by $400m of the intended $500m.

Boeing was hit by the $600m cost of early retirements. Net earnings before the charge were $254m, a 14% improvement due to lower research and development costs.

Y = Year. Q = Quarter Currencies are converted into US dollars at average exchange rates during the reporting period. Per cent changes in local currencies.

Source: Airline Business