Russia’s Aeroflot Group recorded a RUB-95.527 billion net loss for the fiscal year 2020, down from a RUB 5.287 billion profit in 2019. This includes the effect of large-scale (fixed) cost reductions, optimization measures, and capacity cuts. Cargo operations partly…
News: This week several important issues emerged with the announcement of a staggering $12 billion loss for Boeing. Today, we will cover the news and implications about the NMA, the New Middle of the Market Airplane. Boeing’s stock rose on…
AirInsight US Airline Index Commercial Aviation GE Catalyst Takes Another Crucial Step Ahead of Flight Testing – GE Boeing outsourcing 600 IT jobs to Dell – SeattleTimes Brazil approves BRL 450 million trade finance operation to support Embraer –…
Qantas could introduce ultra-long-haul flights under its delayed Project Sunrise program as soon as 2024, according to Alan Joyce, chief executive at Qantas. “We still want to revisit it at the end of 2021, with the potential of doing it…
AirInsight US Airline Index Commercial Aviation Emirates Mulls Swapping a Third of Boeing 777X Orders to 787 – Bloomberg China’s jets set to challenge Boeing and Airbus – AsiaTimes Brazil approves BRL 450 million trade finance operation to support…
The International Air Transport Association (IATA) released data for global air freight markets showing that demand for air cargo decreased by 10.6% in 2020, compared to 2019. This was the largest drop in year-on-year demand since IATA started to monitor…