Korean Air’s revenues got a huge boost in Q3 from the removal of pre-arrival mandatory Covid testing in South Korea and the relaxation of other travel restrictions. Revenues grew by almost 65 percent to KRW 3.7 trillion, up from KRW…
Large engine flying hours of Rolls-Royce turbo engines have further increased to 65 percent of 2019 levels in the third quarter, up from sixty percent by the end of June. They are now on average at 62 percent for the year…
Boeing intends to significantly ramp up the production rates of all its commercial aircraft projects in 2025-2026 and intends to strengthen its financial position. Boeing shared its plans today during its Investors Conference in Renton. Boeing wants to get back…
A net foreign exchange loss of €269.2 million related to unhedged lease liabilities in US dollars is the main reason that Wizz Air’s half-year loss almost tripled. Despite other headwinds like high fuel costs, the ultra-low-cost airline produced a positive second…
China Eastern, China Southern, and Air China all reported Q3 losses, the effect of China’s continued strict Covid policy that reduced air travel while at the same time expenses were rising. The carriers already reported losses for the first half…
Increased demand for Boeing full-freighters and Bombardier business jets have pushed order intakes up at Mitsubishi Heavy Industries (MHI). The Aerostructures business received ¥67.6 billion in orders in HY1 of the financial year 2022 compared to ¥57.4 billion in the same…