by Richard Schuurman | Apr 28, 2021 | Boeing |
Boeing reported a first-quarter net loss of $-561 million compared to $-641 million in the same quarter last year, it said on April 28. The Group’s operational loss was $-83 million versus $-1.353 billion in 2020. Revenues were lower as the 787 delivery pause cost...
by Richard Schuurman | Apr 27, 2021 | Airlines |
Southwest is the first US airline to make a profit again. It reported a positive result on the same day when American announced a $-1.250 billion first-quarter loss. But the mood is changing for the better as American almost returned to net cash positive in March,...
by Richard Schuurman | Apr 26, 2021 | Airlines |
TAP Portugal has got approval for a Covid aid package from the European Commission. The government-backed package will compensate TAP for the financial damage directly caused by the Covid-crisis between March 19-June 30, 2020. It is additional to the state aid...
by Richard Schuurman | Apr 22, 2021 | Airlines |
The international airline industry is set for a combined net loss this year of $-47.7 billion. While that’s an ‘improvement of last year’s $-126.4 billion, it is a clear demonstration of the continued difficulties within the airline market, IATA said on April 21 in...
by Richard Schuurman | Apr 22, 2021 | Airbus |
Adapting the production system to make sure that Airbus is ready to ramp up the design and production of very complex and innovative products while maintaining the highest quality standards. That’s why Airbus fully integrates its aerostructure business. It will create...
