All articles by Howard Hardee – Page 31
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NewsCargojet’s second-quarter results sag amid ‘difficult’ economic conditions
Canadian carrier Cargojet Airways’ second-quarter revenue declined 15% year-on-year as the freight hauler rode out “difficult” market conditions.
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NewsATSG delivers six converted freighters in past month
US lessor Air Transport Services Group (ATSG) recently delivered six converted cargo aircraft to customers in five countries amid a broad downturn in the global air freight market.
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NewsCanada’s Air Transat to expand flying to Latin America this winter
Canadian leisure carrier Air Transat looks to gain a greater foothold in Mexico and South America starting in December.
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NewsAir Canada rides wave of international travel to second quarter profit
Air Canada generated second-quarter revenue of C$5.4 billion ($4 billion), up 36% from C$3.9 billion during the same period a year ago, as international travel rebounded strongly from the Covid-19 pandemic.
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NewsArcher keeps burning cash as it seeks to ‘take lead’ in air taxi race
Electric air taxi developer Archer Aviation lost $181 million during the second quarter of 2023 as the start-up pushes to certificate its Midnight aircraft.
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NewsBoeing invests in Archer, settling lawsuit with Wisk
Air taxi rivals Archer Aviation and Boeing-backed Wisk Aero have settled their long-running lawsuit, with Boeing making an investment in Archer.
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NewsUS start-up carrier Avelo plans to launch first flights outside continental USA
US start-up carrier Avelo Airlines plans to operate its first international flights with new routes from the East Coast of the USA to Puerto Rico starting in November.
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NewsMesa posts $47.6m second-quarter loss due to lower block hours and ‘captain crunch’
Mesa Air Group lost $47.6 million during its fiscal third quarter, with the airline’s block hours plummeting during its transition to flying its Bombardier CRJ-900s on behalf of United Airlines.
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NewsGlobalX reports $7.5m Q2 loss as aircraft delivery delays take toll
South Florida start-up carrier Global Crossing Airlines (GlobalX) reports a second-quarter loss of $7.5 million as aircraft delivery delays and long turnaround times for aircraft maintenance continue hindering the airline’s operations.
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Airline BusinessNebraska-based start-up airline Red Way plans to ‘crawl, walk, run’: CEO
Red Way is betting that its model will revitalise air service from Lincoln and prove itself worth replicating in other parts of the USA.
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NewsEve reports $31.4m second-quarter loss as it ramps up eVTOL development
The bulk of the company’s quarterly expenses came from $21.8 million spent on research and development, including internal design, engineering and testing infrastructure for its electric air taxi.
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NewsNew business-class carrier Bermudair tentatively approved to fly to USA
New regional carrier Bermudair on 7 August received tentative approval of its foreign air carrier permit from the US Department of Transportation (DOT), clearing it to fly to the USA.
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NewsJoby flies production prototype of its electric air taxi
Joby Aviation says that it has successfully flown the production prototype of its in-development electric vertical take-off and landing (eVTOL) aircraft for the first time.
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NewsJoby loses $286m in second quarter, reports $1.2 billion cash position
Electric air taxi developer Joby Aviation continues burning cash as it pushes for certification and service-entry of its aircraft, reporting a loss of $286 million in the second quarter.
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NewsAllegiant posts $89m Q2 profit, reports delayed 737 Max deliveries
Allegiant Travel Company, parent of Allegiant Air, reports making a profit of $88.5 million in the second quarter “in the face of high demand and operational complexity”.
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NewsSurf completes acquisition of Southern, orders up to 150 Cessna Grand Caravans
Surf Air Mobility has completed its acquisition of US regional carrier Southern Airways, and now turns attention to its fleet expansion and electrification plans.
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NewsFrontier navigates weather, ATC issues and long-haul competition to Q2 profit
Frontier Airlines on 1 August reports a $71 million second-quarter profit amid competition from international long-haul flights and ongoing operational difficulties.
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NewsJetBlue posts profitable Q2 amid operational struggles, breakup with American
US low-cost carrier JetBlue Airways reports a second-quarter profit of $138 million – compared with a $188 million loss last year – while the carrier struggles operationally and works to unwind its alliance with American Airlines.
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NewsJetBlue’s operational struggles in Northeast contribute to gloomy Q3 revenue outlook
Flight disruptions related to summertime thunderstorms and air traffic control worker shortages at major airports in the Northeast USA have been “much, much worse” than anticipated by JetBlue Airways.
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NewsCanada Jetlines takes delivery of third Airbus A320, plans 15-strong fleet
North American ultra-low-cost carrier Canada Jetlines has taken delivery of its third Airbus A320, which it hails as a “significant milestone” in its fleet-growth strategy.