Analysis: In the second quarter, Great Lakes added service to five communities while dropping two. At the end of June, Great Lakes had 27 Essential Air Service contracts. It used a grant from Wyoming to provide more service to three Wyoming communities. It used funds from Arizona and the federal government to start or improve service to five Arizona communities. The company has agreed to return five Beech 1900s to Raytheon and it has returned two so far.

Analysis: Revenue from AirNet's budding passenger charter unit, JetRide, provided the margin for a profitable quarter. However, AirNet paid out more than $1.5 million in rent to aircraft owners for the use of their jets for JetRide flights. While the volume of transported canceled checks dropped 3 percent in the quarter, the bank services unit generated a 10 percent revenue growth with $1.7 million in additional fuel surcharges. The company continues to examine proposals to sell for both its delivery business and its passenger charter operators. In July, AirNet appointed two dissident shareholders to its board - these shareholders had opposed further growth of the passenger unit - to assist the board in evaluating the proposals that could split the company.

Analysis: While aircraft sales were down in the second quarter at Embraer, profits were up slightly as it delivered a more profitable product mix. Embraer delivered fewer planes in the first half of 2005 as it anticipates delivering more planes in the third quarter. It has already delivered its first Embraer 175s and will soon deliver the first Embraer 190s. The company's order backlog now stands at $10.9 billion -up $1 billion in the quarter. The company has spent another $30.4 million in the second quarter on product development research for the Embraer 170/190 family.

Analysis: As the number of orders for 50-seat RJs continues to decline, Bombardier will scale back its production of the CRJ 200 to 18 next year compared to 54 this year. Bombardier still expects to deliver 329 aircraft this year, but the mix is changing. The company delivered 41 business jets in the second quarter compared to 33 regional jets and six turboprops. The growth in business jet sales has resulted in fewer Aerospace division layoffs that had been anticipated last October. Over the course of the year, the company will layoff 1,135 workers instead of the anticipated 2,000. The order book now stands at $10.2 billion. Bombardier has invested about $23 million in the feasibility for the proposed CSeries aircraft. A launch decision on the 130-seat aircraft is expected in the fall.

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