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January 30, 2009

Continental, US Airways Post Combined 2008 Losses Of Almost $1.4 Billion

Fuel Prices And Economy Killed Any Hope For Profits, Carriers Say

As if there were any doubt of how much high fuel prices and a terrible economy hit airlines last year, consider the following: Continental Airlines announced Thursday it lost $585 million in 2008, including $234 million attributed to special items such as fuel hedges.

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ATK To Produce Aft Fan Cases For Trent XWB Engines

$200 Million-Plus Deal For Composite Components

Alliant Techsystems announced this week it recently agreed to a contract valued in excess of $200 million with Rolls-Royce to produce composite aft fan cases for the new Trent XWB engine. The Rolls-Royce Trent XWB is the sole engine currently available to power the new Airbus A350 XWB family of aircraft.

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