Brazil’s Embraer has revised its guidance for 2019 and 2020 as the company expects higher ‘cash consumption’ to complete its strategic partnership with Boeing. Net dividend to shareholders will be reduced from $1.3-1.6 billion, down from the previous range of…
International Airlines Group (IAG) has revised its medium-term growth forecast. Available Seat Kilometers (ASK) is expected to grow by on average 3.4 percent annually until 2022 compared to the previous guidance of 7.4 percent. This number has already been revised…
Rolls-Royce needs more time to fix the problem with Trent 1000 TEN high-pressure turbine (HPT) blades. On November 7, the company said it has postponed delivery of the first redesigned blades until 2021. In April this year, Rolls-Royce acknowledged it…
Emirates bounced back from a challenging 2018 by reporting a 282 percent net profit increase for HY1 in its fiscal year FY19-20. Profit was AED 862 million versus 226 million the same period last year. The United Arab Emirates (UAE)-airline…
Austrian Airlines is taking severe cost-cutting measures from 2021 to assure it return to profitability. Between 700 and 800 staff will be made redundant as the airline needs to save EUR 90 million annually after having given a profit warning…
Air France-KLM will (have to) ‘reinvent’ itself if it wants to meet its targets of higher revenues, strong improvement of the operating margin, reduced costs, and more operational efficiency, the French-Dutch airline group said on its Investor Day on November…