International route launches helped reduce Braathens' operating profit by 19%. In 1996 there was a $28.6m extraordinary loss.

British Midland's pre-tax profits almost tripled, helped by higher yields, a 7.5% increase in passengers, and a brief strike at British Airways.

Profits fell at Cintra, the holding company for Aeromexico, Mexicana and AeroPeru. Aeromexico's net profit fell 34.4% to $95.4m.

Scheduled passengers rose 10.6% to 3.57m and charter traffic jumped 53.3% to 1.14m. Yields stayed steady and unit costs fell slightly.

FedEx performed well in the US but suffered a $6.8m international loss. Group comparisons are confused by the acquisition of Caliber.

Strong demand and the Ladeco purchase boosted profits. Passenger numbers leapt 67.1% to 3.01m, of which 0.54m came from Ladeco.

Revenues grew 10% in marks and pretax profits rose DM1b to DM1.6b ($923m). There was a one-off charge of $404m for deferred taxes.

Passenger traffic jumped 30% to just under 1m. Over the nine months Ryanair made $34.5m net, up from $20.9m, on turnover of $208m.

A strike helped to reduce UPS' full-year profits on flat revenues, but international losses fell from $201m in 1996 to just $6m.

Pre-tax income leapt from BFr80m to BFr577m ($16.1m), before a BFr80m pre-tax charge for stock awards and bonuses linked to the IPO.

In terms of lire, revenue rose 1.4% and net profit increased 7.5%. Passenger numbers rose 8.5%. ADR sold its catering operations.

In Danish krone, revenue rose 7.5% and net profit increased by 15.8%. Passenger traffic rose 5.8% to 17.1m despite a fall domestically.

Source: Airline Business