All Air Transport articles – Page 107
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NewsAmerican turns $127m profit in 2022 as soaring expenses eat into record revenues
American Airlines made a $127 million profit in 2022 as surging expenses offset what was a record year of revenue for the Fort Worth-based carrier.
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NewsJet2 believes full-year financial results will beat expectations
UK leisure carrier Jet2 is forecasting it will exceed full-year financial expectations, with a profit of £370-385 million ($458-476 million) after winter bookings strengthened. Jet2 states that average load factors, as a result, are slightly ahead of the pre-pandemic winter 2018-19 season, compared with a 24% hike in capacity. The ...
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NewsBoeing still coping with ‘unstable’ 737 delivery pace
Boeing expects to deliver between 30 and 40 737s monthly in 2023 – and where it falls in that range will depend largely on its ability to fix supply and labour issues.
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NewsBoeing’s truss-braced-wing demonstrator will ‘definitely’ inform next aircraft: CEO
Boeing chief executive David Calhoun insists future narrowbody commercial aircraft will benefit from technologies advanced as part of Boeing’s partnership with NASA to develop a truss-braced-wing demonstrator.
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NewsBoeing pushes back plan to bring 787 production to five monthly
Boeing has delayed until later this year a plan to bring 787 production to five aircraft monthly, citing a production slowdown due to a “supply constraint”.
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NewsSwiss starts flying A340s with premium-economy cabins
Lufthansa Group carrier Swiss has started flying Airbus A340-300s fitted with premium-economy seating. Swiss is retrofitting all four of its A340s with the seats, the first of which (HB-JMB) commenced services with the new configuration on 24 January with a Zurich-Johannesburg flight. The airline says the A340s will all be ...
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NewsTextron Aviation’s 2022 profit jumps as supply chain troubles disrupt production
Textron Aviation turned a $584 million profit in 2022, a year in which parts shortages held up production even as demand for new business aircraft remained strong.
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NewsCommercial and defence programmes push Boeing to $5.1bn 2022 loss
Boeing lost $5.1 billion in 2022 as lacklustre performance from its commercial aviation division combined with its defence business swinging into the red.
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NewsUzbekistan Airways revives attempts to sell ageing Boeing and Soviet-era fleets
Uzbekistan Airways is reviving attempts to sell an ageing fleet of Boeing twinjets as well as older Soviet-era aircraft, having recruited a UK-based consultant. The flag-carrier of the Central Asian state has been modernising its operation and recently opted to acquire additional Airbus A320neo-family jets. But it has been trying ...
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NewsCollins’ aircraft interiors business faces long road to recovery
Collins Aerospace’ aircraft interiors business is lagging the company’s broader recovery due to the slow return of demand for international long-haul air travel.
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NewsShortages of P&W engine components to continue through most of 2023
Availability of complex metal components used to produce aerospace turbofans will likely remain constrained through most of this year.
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NewsKazakhstan’s Qazaq Air seeks jets for network expansion
Kazakh regional carrier Qazaq Air is looking to introduce jets to its fleet in order to expand its network. The airline’s management has visited Dublin to discuss options with a number of possible lessors, aircraft manufacturers and financial firms. Qazaq Air has not disclosed its specific requirements. But the airline ...
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NewsNorse Atlantic to open JFK service from fifth European capital
Scandinavian long-haul low-cost carrier Norse Atlantic Airways is to open services between Rome and New York JFK in mid-June. The airline is to operate to the US gateway from Rome’s main Fiumicino airport. Rome will be the fifth capital city that Norse will connect to JFK, after the airline previously ...
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NewsGE Aerospace’s 2022 profit jumps as recovery continues
GE Aerospace’s 2022 profit jumped 66% year-on-year to $4.8 billion, partly reflecting a bump in revenue from commercial aviation parts and aftermarket services sales.
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NewsRamp personnel held engine-safety brief before fatal E175 ingestion accident
US investigators have disclosed that a ramp worker was fatally injured after being sucked into the engine of an Embraer 175 at Montgomery airport despite the ground crew’s holding specific engine-safety briefings a few minutes before the aircraft arrived at the gate. The safety briefings were conducted because the Envoy ...
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NewsTVRS-44 undergoes performance analysis for water ditching scenarios
Russian analysts have been examining the behaviour of the proposed UZGA TVRS-44 turboprop during ditching events. The aircraft – also known as the ‘Ladoga’ – is a twin-engined high-wing design intended to accommodate 40-50 passengers. Researchers at the Central Aerohydrodynamic Institute have completed a series of tests for an emergency ...
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NewsFlyr optimistic for summer as it reaches charter flight agreements
Norwegian carrier Flyr has reached tentative agreements to operate charter services for the summer season. The airline says it has signed a letter of intent with an undisclosed partner covering flights which will operate from May to October this year. Chief commercial officer Thomas Ramdahl says the carrier “looks forward ...
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NewsIATA blasts draft ban on cargo-only operations at Mexico’s busiest airport
The International Air Transport Association (IATA) has blasted a government plan to ban cargo-only flights from Mexico City’s primary airport.
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NewsLOT, Smartwings also challenging US government’s 737 Max settlement with Boeing
A legal battle over Boeing’s 2021 settlement of 737 Max-related fraud charges continues playing out in US court, with two European airlines accusing Boeing of failing to abide by the deal.
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NewsFinnair outlines profitability incentive plans for staff and management
Finnair has drawn up incentive plans to support its strategic efforts to restore profitability, based on pre-tax earnings targets. It has approved a personnel plan for 2023-25 which covers staff groups that contributed to savings agreement as the carrier sought to reduce unit costs – this plan envisions a cash ...