All news – Page 658
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NewsAir France-KLM eyes TAP, Transavia and territories for growth as ITA deadline nears
Air France-KLM is studying consolidation opportunities in Europe and beyond as the exclusivity period for negotiations on an ITA Airways stake comes to an end, but also cites firm plans to expand within the limits of its current operations.
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NewsCFM struggles to pull Leap deliveries back on track, as supply chain woes persist
Deliveries of CFM International Leap engines to Airbus and Boeing are still behind schedule and are unlikely to reach 1,200 units for the full year as supply chain problems continue to disrupt production.
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NewsIAG sees full-year operating profit of €1.1bn after confirming strong third quarter
European airline group IAG expects to post an operating profit of €1.1 billion ($1.1 billion) before exceptionals for the full-year after confirming a strong third quarter in which all of its carriers were back in the black.
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NewsAir France-KLM operating profit tops €1bn in Q3 despite Schiphol challenges
Air France-KLM expressed confidence about the winter demand outlook as it reported an operating profit of €1.02 billion ($1.02 billion) for the third quarter of 2022.
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NewsPropulsion performance lifts Safran in third quarter
Strong performance in its propulsion division has powered Safran to nine-month revenues of over €13 billion ($12.9 billion), a figure achieved despite continued problems in its supply chain.
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NewsFinnair chief warns of ‘long journey’ to restore company’s financial strength
Finnair Group has turned in its first quarterly comparable operating profit for nearly three years, although it still generated a net loss for the period. The company attributes the performance – a comparable operating result of €35.2 million ($35 million) in the quarter to 30 September – to “pent-up demand” ...
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NewsAirbus expects A321XLR service entry in second quarter of 2024
Airbus has flown all three of its A321XLR test aircraft, but expects entry into service will not take place until the second quarter of 2024. The airframer had previously indicated that its introduction would take place in early 2024, as a result of a delay in the certification campaign to ...
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NewsCompetition watchdog delays verdict again on Qantas’s Alliance buy
Australia’s competition regulator has delayed its findings - for the third time - on Qantas’ proposed acquisition of Alliance Aviation, prompting the national carrier to express “disappointment” at what it calls one of the “longest processes for informal clearance”.
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NewsDespite pilot shortage, SkyWest turns $48m Q3 profit
SkyWest made a $48 million profit in the third quarter despite its “crew imbalance” related to the global pilot shortage, chief executive Chip Childs said 27 October.
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NewsNTSB urges regulators to require immediate DHC-3 inspections following September crash
The US National Transportation Safety Board (NTSB) is urging US and Canadian regulators to immediately require inspections of De Havilland Canada DHC-3 Otters following a deadly September crash.
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NewsGol to add more 737 Max 10s from 2027 and taps ‘white-tail’ market
Brazilian carrier Gol has struck a deal with Boeing covering delivery of a dozen 737 Max 10 jets from 2027 as part of fleet plans which will also see it take ‘white-tail’ aircraft to help reach its target of having 44 Max aircraft by year-end.
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NewsMTU raises full-year outlook on commercial aviation performance
MTU Aero Engines is predicting a strong final quarter to the year on the back of a rebounding commercial aviation market.
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NewsIAG shareholders agree to 50-strong 737 Max order
Shareholders of British Airways and Iberia parent IAG have approved the company’s plan to purchase 50 Boeing 737 Max, including the high-capacity Max 8-200 and the as yet uncertificated Max 10.
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NewsNorthrop sees space driving future business growth, not aviation
Executives with the US defence contractor expect the company’s space division to be its fastest growing sector, with relatively flat sales elsewhere.
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NewsRiding strong demand, Southwest Airlines posts $277 million Q3 profit
Southwest Airlines reported a profit of $277 million in the third quarter thanks to “robust” demand for discount air travel, says chief executive Bob Jordan on 27 October.
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NewsFrontier Airlines turns $33m Q3 profit on strength of demand for leisure travel
Frontier Group Holdings, parent of Frontier Airlines, reported a profit of $33 million in the third quarter of 2022 – the second consecutive profitable quarter for the Denver-based ultra-low-cost carrier (ULCC).
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NewsAmid slow recovery, Spirit Airlines loses $36.4m in Q3
Buffeted by hurricane winds, higher fuel costs and operational constraints, Spirit Airlines reported a loss of $36.4 million in the third quarter of 2022.
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NewsSurging revenue returns Gol to Q3 operating profit
Brazilian low-cost carrier Gol posted record revenues of R$4 billion ($750 million) and the highest yields in its history during the third quarter.
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NewsIAG confirms order for 37 more A320neos after shareholder approval
British Airways and Iberia parent IAG has confirmed an order for 37 A320neo aircraft, after its shareholders approved the purchase on 26 October. The order was announced in late July and followed agreements earlier in the year for 22 A320neo-family jets, meaning IAG has now made firm commitments for 59 ...
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NewsShortage of 787 cockpit windows reflects industry-wide supply constraints: Lufthansa chief
Lufthansa Group chief executive Carsten Spohr continues to insist that the global aviation industry will see constrained capacity for the foreseeable future as it seeks to serve resurgent demand for air travel.