Good week
B/E AEROSPACE The cabin interiors specialist has enjoyed a $2.6 million year-over-year increase in net income to $37.3 million. This figure surpassed the company’s own expectations for the three-month period and led it to raise its forecast for 2010. Revenues for the last quarter rose 1.9% to $483.9 million. Chairman Amin Khoury notes that 2010 bookings have "increased more than 10% sequentially compared with the second half of 2009".
Bad week
MEXICANA Facing a 1.5 billion peso ($127 million) debt load and aircraft seizures in Canada, the airline declared itself "financially unviable" and filed for Mexican reorganisation while seeking US Chapter 15 relief to protect its assets there from seizure. Barring wage concessions – Mexicana claims its pilots earn 49% more than those at US legacy carriers and 185% more than Mexican low-cost crews – stockholders have offered to sell it to the unions for a peso.
