The second quarter is almost halfway through but Air France-KLM already knows enough: as lockdowns and restrictions continue, Q2 is no better than Q1. The operating result will be almost identical to that of the first quarter. This wasn’t good,…
Lower production rates at Boeing and Airbus combined with quality issues on the 787 Dreamliners have forced tier-1 aerostructure supplier Spirit Aerosystems to make a $72.4 million pretax forward charge. The loss is caused by the 787 and A350 rates and…
On numerous occasions in recent months, Turkish Airlines has been acclaimed as the most active airline in Europe. Despite new Covid-waves and lockdowns, the airline frequently operated the most daily services both domestic and internationally, Eurocontrol said. It is reflected in…
Despite higher than anticipated cost reductions, All Nippon Airways (ANA) has been unable to compensate for the “extremely large reduction in operating revenues” it endured in 2020. The Japanese airline suffered a net loss of ¥-451.3 billion compared to ¥59.3 billion…
UAE low-cost carrier flydubai reported an AED -712.6 million net loss for 2020, compared to an AED 198.2 million profit in 2019, it announced on May 2. Flydubai remains cautious after the 2020 loss. While the airline is planning to ramp…
Weak first-quarter results haven’t only left their marks on aircraft manufacturers and airlines but of course on suppliers too. Last week, we heard some updates from various engine manufacturers and component suppliers that provide some perspective on where the industry…