Airlines & Lessors
Apr 24, 2019
Finnair posted a €38.8 million ($43.6 million) net loss for the first quarter (1Q), marking a sharp decline from the record €13.4 million net profit it delivered in 1Q 2018, partly driven by excess capacity from the airline’s incoming Airbus A350 fleet.
Apr 24, 2019
Boeing has posted its 2019 first-quarter results, which indicate the initial financial impact of the 737 MAX crashes and groundings as well as acknowledging continued uncertainty about the full cost.
Apr 24, 2019
Collins Aerospace expects up to $0.10 of “headwind” on its earnings per share this year because of the Boeing 737 production slowdown and MAX groundings.
Apr 24, 2019
Hawaiian Airlines reported a net income increase of 27% to $36.4 million in the first quarter compared to $28.5 million in the year-ago period, despite slightly lower operating revenue.
Apr 23, 2019
New York-based JetBlue Airways posted a 2019 Q1 net income of $42 million, down 54% from the $90 million posted a year ago, but operating revenue was up 6.7% to $1.9 billion. The company, posting its first-quarter results April 23, said it was confident of seeing a unit-revenue "acceleration" into the fall.
Nov 21, 2022
Finnair plans to cut just under 150 jobs from its workforce in its latest move to cut costs, as it continues to struggle against major changes to its operating environment.
Nov 21, 2022
Former Ryanair Chief Marketing Officer Kenny Jacobs has been appointed CEO of state-owned Dublin and Cork airport operator DAA starting in January 2023.
Nov 21, 2022
Cathay Pacific appears to be firmly on course to achieve its target of restoring a third of its passenger capacity by the end of 2022.
Nov 21, 2022
The new pact is expected to create new nonstop city pairs, increase capacity and strengthen trade links between the countries.
Nov 18, 2022
Malaysia Airlines is showing promising signs that it is resuming the turnaround trajectory it was on before the arrival of COVID-19.
Nov 18, 2022
Tbilisi will become a new point on the Turkish leisure airline’s route map during the summer 2023 season.
Nov 18, 2022
Ethiopian Airlines will make a final decision on purchasing a new regional jet fleet and additional widebodies in the first half of 2023.
Nov 17, 2022
A digital registry underpinning a global book-and-claim system for sustainable aviation fuel (SAF) is expected to go live in mid-2023.