India’s largest airline, IndiGo, is expected to reduce its aircraft-on-ground (ago) fleet from the 70s last summer to the 40s this summer. Riddled with engine glitches, IndiGo has seen many Pratt and Whitney-enabled Airbus A320neo planes grounded for long periods.…
India’s largest airline, IndiGo, announced a near $280 million profit for the quarter ending December and provided strong guidance for the generally weak fourth quarter. Analysts feted the airline’s profit despite an 18% drop from a nearly $340 million profit…
The data clearly show that Boeing is getting the MAX program back on track. This is a crucial metric, possibly the most-watched item in commercial aviation. Nobody in the commercial aviation silo sees this as a negative. Nobody. The unstable…
Top line numbers: Revenue of $13.66 billion, up 4.6% over the same period last year. The company’s reported revenue is $13.42 billion, a surprise of +1.81 % compared to the Zacks Consensus Estimate. It also delivered an EPS surprise of…
The Delhi-based low-cost airline IndiGo reported a profit of Rs 38.5 billion , excluding the impact of currency movement, for the quarter ending December 31 last year, compared to a profit of Rs 30.5 billion during the same period. The…
GE Aerospace reported its fourth-quarter results this morning, exceeding Wall Street expectations. The company reported adjusted EPS of $1.32, beating Wall Street expectations of $1.04 by 27% and up 102.6% year over year. Stronger-than-expected revenues and higher-than-expected margins combined to…