All articles by Pilar Wolfsteller – Page 82
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NewsAtlas Air reports $293m loss in 2019 as it writes down 747-400 fleet
Aircraft lessor and air freight company Atlas Air Worldwide Holdings reported a loss for 2019 as it wrote down parts of its fleet due to lower cargo business during the year.
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NewsGol Q4 profit falls as Max crisis lingers
Brazil’s Gol continues to suffer from the fallout of the grounding of its seven Boeing 737 Max aircraft, reporting fourth quarter net income that was almost half of that reported for the same period in 2018.
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NewsBoeing asks for suspension of its tax subsidies
Boeing has asked for its tax breaks to be suspended amid an acrimonious and escalating trade war between the USA and the European Union, targeting its respective aircraft manufacturers, that threatens to play long-term havoc on aircraft deliveries on both continents.
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NewsAir Canada posts higher 2019 results, despite 737 Max grounding
Air Canada revenue and net profit rose slightly in 2019, but results were tempered by the ongoing grounding of the Boeing 737 Max aircraft and the start of the coronavirus crisis in Asia, the airline says.
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NewsUSA raises tariffs on EU aircraft to 15%
The Office of the US Trade Representative (USTR) raised its tariffs on large European aircraft 15%, up from its 10% levies implemented last October, in an ongoing dispute over subsidies.
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NewsAmerican cancels Max flights through mid-August
American Airlines says it expects it will not have the Boeing 737 Max in its schedule until mid-August, the last major US airline to plan through the lucrative summer peak travel season without the new generation aircraft, which has been grounded since March 2019.
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NewsUnited cancels Max into September
United Airlines has taken the Boeing 737 Max out of its summer peak schedule as the beleaguered aircraft’s path to return to revenue service remains unclear.
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NewsFormer United Airlines executive aims to launch new airline
A former United Airlines executive has raised $125 million to launch a new budget airline in the US by the end of the year.
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NewsCopa net profit jumps as Max crisis drags on
Higher travel demand and low fuel costs offset lost revenue opportunities as Panama’s Copa Airlines continues to post strong earnings even while struggling with the ongoing effects of the Boeing 737 Max crisis.
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NewsAmerican Airlines extends flight cancellations to Asia
Just five days after it extended the cancellation of flights between the United States and Hong Kong, American Airlines was once again forced to revise its schedule in light of coronavirus fears and subsequent customer cancellations.
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NewsWestJet offers 90 new connections in its summer schedule
Canada’s WestJet published an expanded timetable with 90 new connections between its Calgary hub and numerous other domestic and international destinations beginning in the summer travel season.
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NewsAnalyst: Boeing’s previously scrapped 787-3 could be reborn as the NMA
In considering its options for a new midmarket aircraft (NMA), Boeing could ponder using an early design of a bestselling twin aisle aircraft which was shelved a decade ago, in an effort to keep development costs low and execute on an accelerated timeline, one analyst says.
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NewsChina poses short and long-term challenges for US aerospace
Economic vulnerability in China, coupled with a potential trade war between China and the United States, as well as the short-term but massively disruptive effects of the new coronavirus are some of the biggest risks the global aviation and aerospace industry faces at the start of the new decade.
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NewsBoeing has no time to lose on NMA decision
Industry experts say Boeing must move quickly towards making a decision on its new mid-market airplane (NMA), a project it has been talking about for years but was recently put on the back burner as it continues to deal with the fallout from the year-long 737 Max crisis.
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In depthBoeing needs to balance supply chain and customers
Suppliers and customers are both suffering from the 737 Max’s grounding, but to restart production requires the manufacturer to manage a delecate balancing act.
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In depthNervous uncertainty seeps into the aerospace industry
A potential global recesssion, political instability, trade conflicts, the ongoing crisis at Boeing and a pandemic in Asia are all contributing to nervous uncertainty in the aerospace industry.
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NewsAmerican suspends all flights to China
American Airlines says it is suspending all flights to China as the coronavirus spreads, sickening more than a thousand and killing almost 200 people. The decision comes a day after the carrier’s pilots sued to stop the carrier’s flights to the country.
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NewsAmerican reaches tentative agreement with unions
American Airlines says it has reached a tentative collective bargaining agreement with unions representing 31,000 employees, after an acrimonious year-long standoff led to the delay or cancellation of more than a thousand flights. The Fort-Worth-based carrier did not release details of the agreement and says it is still subject to ...
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Airline BusinessHawaiian full year income falls as competition increases
Hawaiian Holdings, the parent company of Hawaiian Airlines, says net adjusted income for the full year 2019 fell 25% to $219 million compared to the same period a year ago as it faced stiff new competition on some of its stronger routes within the Hawaiian Islands, to the US mainland and to Japan.
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NewsUber sees piloted eVTOL flights before drone package deliveries
Mark Moore, Uber’s engineering director for aircraft systems, says he expects piloted electric-vertical-take-off-and-landing (eVTOL) aircraft to advance faster than autonomous drone package deliveries due to the increased regulatory requirements surrounding autonomous flight.