GE Aerospace raised its full year profit forecasts today, despite lowering production expectations for its popular LEAP engine as Boeing’s difficulties will dampen deliveries in 2024. The company now expects a full year 2024 operating profit between $6.2 and $6.6 billion,…
JetBlue reported a new loss of $716 million in the first quarter of 2024, compared to a loss of $192 million in 2023. Passenger revenues were down 5.8% at $2.05 billion compared with $2.18 billion in 2023. Operating revenues decreased…
Raytheon Technologies reported its first quarter earnings, and beat Wall Street estimates. The company reported revenues of $19.3 billion in the first quarter with earnings per share of $1.34. Sales were up organically 12% year over year, with a 10%…
Today’s key stories focus on slower production for Boeing, including articles on the 737 MAX production remaining very low, and the 787 because of parts shortages. This is despite a good April for the 787, which reached its rate 5…
magniX and Vancouver-based Harbour Air ratified a Letter of Intent (LOI) for 50 magni650 motors for Harbour Air’s fleet. The re-engining process will begin with De Havilland DHC-2 Beavers in 2026 and be used for third-party conversions. We have been…
Airbus PR — Airbus announced that C. Jeffrey Knittel is retiring as Chairman and Chief Executive Officer of Airbus Americas, Inc., effective June 3, 2024, after serving as the region’s top executive since 2018. He will remain with Airbus through…