All North America articles – Page 113
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NewsRevenue surges but Air Canada loses C$508m in Q3
Air Canada’s revenue more than doubled compared with its third quarter of 2021 but the flag carrier still lost C$508 million ($373 million) in the three months ending 30 September.
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Airline BusinessIndustry primed for e-commerce as Hawaiian signs Amazon deal
News on 21 October that Hawaiian Airlines has agreed to operate at least 10 Airbus A330-300 Freighters for Amazon comes as more airlines benefit from e-commerce demand. “This relationship provides a catalyst to grow our business and the unique opportunity to diversify our revenue sources while capitalising on our established ...
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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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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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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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NewsTroubled fixed-price defence contracts drive $3.3bn loss for Boeing
The aerospace giant’s defence division received $2.8 billion in charges on five aircraft development programmes that Boeing bid using a competitive but risky pricing strategy.
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AnalysisBoeing cuts 737 Max delivery forecast as wait on Chinese carriers continues
Boeing’s chief executive is hopeful that China’s Covid-19 lockdowns – not US-China political friction – is the reason why Chinese airlines are still not taking delivery of new 737 Max. But he has no indication Chinese airlines are poised soon to start again receiving the Boeing narrowbody.
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NewsWestJet’s acquisition of Sunwing raises red flags from competition regulator
A Canadian business-competition regulator has raised concerns about WestJet’s proposed acquisition of rival Sunwing Airlines, citing a “substantial lessening or prevention of competition in the sale of vacation packages to Canadians”.
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NewsGulfstream’s backlog growth slows but profits roll in
Backlog growth at General Dynamics’ aerospace business – which Gulfstream anchors – slowed in the third quarter of 2022 amid what an executive described as slightly cooling demand for business jets.
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NewsGulfstream parent warns of FAA delays to G700 certification, still hopes for mid-2023 approval
General Dynamics still hopes subsidiary Gulfstream will have its in-development G700 certified by mid-2023 but now cautions that the resource-constrained Federal Aviation Administration could impact the timeline.
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NewsCommercial aircraft and defence divisions push Boeing to $3.3bn third-quarter loss
Despite recent positive momentum in its commercial aircraft business, Boeing lost $3.3 billion in the third quarter of 2022 as heavy losses in its defence unit took their toll.
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NewsAlaska orders 52 more 737 Max, preps to divest remaining Airbus jets
Alaska Airlines has ordered another 52 Boeing 737 Max jets and secured rights to purchase a further 105, aligning the airline’s future with the narrowbody as it aims to divest its remaining Airbus fleet next year.
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NewsAir Canada orders another 15 Airbus A220s
Air Canada has ordered another 15 Airbus A220-300s in a deal that brings the Montreal-based carrier’s total orders for the Canadian-built type to 60 jets.
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NewsHawaiian Airlines loses $9.3m in Q3 as ‘international network is still rebuilding’
Hawaiian Holdings, parent company of Hawaiian Airlines, reported a third-quarter loss of $9.3 million as the carrier continues its pandemic recovery.
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NewsJetBlue squeezes $57m profit in Q3
Positioning itself to consume a rival low-cost airline amid concerns from federal antitrust regulators, JetBlue Airways has reported a $57 million third-quarter profit.
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NewsRaytheon logs declines in defence sales despite billions in backlog
Sales of avionics, jet engines and precision missiles all declined year-over-year, despite surging defence spending and billions of dollars worth of backlogged orders.
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NewsP&W’s commercial engine deliveries hit post-pandemic high in Q3 as profits soar
Pratt & Whitney delivered more large commercial aircraft engines in the third quarter of 2022 than in any period since early 2020, powering the engine maker to a $316 million quarterly operating profit, up 69% year on year.