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Month January 2019

Wizz: high Q3 revenues, low profit

Central and Eastern European ultra-low-cost airline Wizz Air presented mixed results on January 30 in its Q3 FY2018/2019 results update. While revenues increased 21.2% to €512.7m, its net profit year-on-year dropped 87.6% to just €1.7mln and net profit margin to…

Morning Call – Wednesday 30 January 2019

Commercial Aviation  Boeing’s Decision of the Decade: Does It Build the 797? Source: Bloomberg  Kremlin Boosts Funding for MC-21 Source: AIN Business Aviation Learjet Fleet Tops 25 Million Hours with New Intervals   – Source: AIN Airlines Southwest Agreed to Pay…

SAS vigilant after record-year

Market capacity outgrowing demand, valuta risks and higher fuel costs are likely to impact the 2019 result of Scandinavian airline SAS, which can look back on a record-year 2018. SAS announced its November 2017-October 2018 results on January 29. They…

Norwegian re-thinks fleet plans

Low-cost carrier Norwegian is set to reduce its short- and medium-term fleet plans, by announcing deferral of new aircraft deliveries and divestments of aircraft currently owned, it said in a January 29 announcement to investors. Full details will be disclosed…

The delivery race 2000-2018

Last week attendees at the Air Finance Journal event in Dublin heard industry legend John Leahy say the top item to watch is deliveries, not orders. After all, it is deliveries that are real.  Orders are planned events and these…