Airlines are ending their roller coaster ride from high profits to deep losses. The new operating environment sounds familiar: high costs and low margins.
SAS reports it faced higher costs from currency exchanges and fuel prices in a challenging fourth quarter (Q4) of its fiscal 2023, which ended Oct. 31.
Launch of the stretched A220 earlier than 2026 would free production slots for the higher-margin A321 and A321XLR variants—but a few hurdles stand in the way.
Carsten Spohr has been CEO at Lufthansa Group, a company that includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and regional carriers, since 2014.
RTX leaders sought to snuff out financial concerns over its ongoing GTF engine problems Oct. 23 as they unveiled relatively expected financial results.
Europe will generate 24% of the projected global total MRO spend of $1.2 trillion from 2024-2023, Aviation Week’s new Commercial Fleet and MRO Forecast shows.