Despite progress on the recovery of its widebody engines that are flying more hours than before, Rolls-Royce’s Civil Aerospace business unit has actually slipped back into a loss in HY1 of this year. Are Rolls-Royce’s HY1 results as bad as they…
CORRECTED – Lower deliveries of commercial and military aircraft partly compensated by higher revenues from services plus one-off costs associated with Eve Air Mobility resulted in a net loss for Embraer. The Brazilian airframer reported a restated $-146.4 million net…
UPDATE – Lufthansa Group happily reported a return to profitability in the second quarter with a €259 million net profit. The first six months were still loss-making, in line with results at other carriers. But whereas the recovery is continuing, Lufthansa…
American Airlines is the next major airline to invest in ZeroAvia, the start-up that is developing hydrogen fuel cell technology and an electric motor for use on regional to short-haul aircraft. The investment also includes a Memorandum of Understanding for up…
UPDATE – Doubling the number of 737/MAX deliveries to Boeing helped Spirit AeroSystems to push revenues up by 26-28 percent in Q2 and HY1 respectively. The Tier 1 supplier is expecting a slower increase in production rates for the coming…
JetBlue has launched a new program to reduce costs by $250 million in 2024 by introducing operational and planning efficiencies. The plan follows a review of its long-term cost structure, which has been tweaked before in recent years. High costs…