Spirit AeroSystems’ 2Q23 results are disappointing. The company posted a loss per share of -$1.46, substantially lower than the consensus estimate of -$0.71. Revenues were 5 percent ahead of consensus. The weakness was focused on the company’s commercial side, which…
Here’s our updated model for transactions through July 2023. Subscribers can access the 13-page version. Notes: July 2023 transaction volume was almost identical over the past three years. (219, 218, 215, respectively) Monthly 2023 transactions have been declining steadily since…
The month ends tomorrow, and barring miraculous numbers, the trend is in – OEM deliveries slowed a lot in July. Industry-wide new aircraft deliveries through the 30th currently hover at 100 compared to last month’s 142. Did summer vacations come…
Airlines know passengers capture everything on their phones. The images are prima facie evidence of events. Yet airlines still try to obfuscate and prevaricate over compensation they owe passengers for disruption – until that evidence is mentioned. When the airline…
There are signs that the US air revenge travel surge has peaked. For example, this piece from the New York Times a month ago. Is there data to suggest this is happening? Delta’s Ed Bastain was caught by surprise at…
Along with so many other aviation-related companies., GE is also reporting its earnings. Bank of America had a good summary: “good enough to keep the rally going.” GE’s numbers were strong – aerospace revenues were up 28%, and orders were…