Airbus announced lower-than-expected operating profits and cash flow. The OEM had previously announced hiring more staff to prepare for rising aircraft demand, reaffirming its 2024 financial targets. Airbus also announced a higher target rate for the A350 program, from 10…
American Airlines Group, Inc. reported its first quarter 2024 financial results today with a net loss of $312 million, or ($0.48) per share. First-quarter revenues set a record for the carrier at $12.57 billion, up 3.1% year-over-year, and the company…
The summary per the airline states: Net loss of $231 million, or $0.39 loss per diluted share Net loss, excluding special items, of $218 million, or $0.36 loss per diluted share Record first quarter operating revenues of $6.3 billion Liquidity of $11.5 billion, well in excess of debt…
The latest Boeing news centers on the first quarter earnings call, with another whistleblower emerging and crash victims pressuring for criminal action. The earnings call had the company reporting lower sales, a net loss, and burning cash during the quarter. …
Ending years of speculation, IndiGo, the Delhi-based low-cost airline, on Thursday placed a firm order for 30 A350-900 aircraft and has “purchase rights” for an additional 70 A350 family aircraft at its discretion for possible future needs under certain conditions.…
Eviation Aircraft announced that it completed its Alice aircraft’s Conceptual Design Review (CoDR). The review is a significant milestone, assuring a configuration that is both certifiable and enables streamlined manufacturing. It maintains Alice’s signature look while optimizing performance and enhancing…