Russia’s Aeroflot Group recorded a RUB-95.527 billion net loss for the fiscal year 2020, down from a RUB 5.287 billion profit in 2019. This includes the effect of large-scale (fixed) cost reductions, optimization measures, and capacity cuts. Cargo operations partly…
Japan’s All Nippon Airways (ANA) reported a record loss of Yen -312 billion during the first nine months of its fiscal year 2020. With one more quarter to go, the airline is seeing some recovery on the domestic and cargo…
Boeing and the FAA have been unwilling to identify the extent of the software and hardware actuator redesign needed on the 777X, which CEO David Calhoun confirmed in the January 27 results webcast. However, looking at topics on the big…
Delivery of the first Boeing 777-9 will slip a year from 2022 to late 2023, the airframer announced on January 27 at the presentation of its 2020 results. Boeing has also taken a $6.5 billion pre-tax charge on the program…
Between the updates on orders and deliveries from various OEM’s, news has been lacking from one area: Canada. From De Havilland Canada to be more specific. How has the small turboprop maker from Downsview faired in 2020? Airinsight has contacted…
KLM Royal Dutch Airlines is forced to reduce its workforce by another 1.000 with almost immediate effect. Slower than expected recovery from the Covid-crisis until deeper into 2021 means that the carrier has to refer to another scenario and cut…