Icelandair is preparing for a strong summer that should accumulate net profits for the second and third quarters, but the outlook after that remains uncertain. Therefore, the carrier isn’t offering full-year guidance, it said on April 29 in its Q1…
CFM International has responded positively to the request of Airbus to ramp up the production of the LEAP engines and meet higher rates in 2024. CFM-parent Safran Group confirmed this during an earnings call on April 29 on the first-quarter results.…
SAS is having great difficulty in getting support for its SAS Forward transformation plan from key stakeholders. It risks ending up in a court procedure as negotiations have been unsuccessful so far, the airline said on April 29 in a…
Another lessor has to accept the financial implications of the situation in Russia. Aircastle has taken a $252 million impairment on thirteen aircraft that are unlikely to be repossessed from airlines. Of these, twelve are in Russia and one in Ukraine.…
Turkish Airlines produced a strong first quarter of 2022, benefitting from pent-up demand and a sharp increase in capacity. This translated into a $161 million net profit, up from $61 million in Q1 2021, the airline reported on April 28.…
Due to the uncertain time schedule of the Boeing MAX 7, Southwest Airlines has renegotiated its long-term MAX backlog. It has reduced the number of MAX 7s on order by 26 and added 81 MAX 8s to its order book by…