The International Air Transport Association (IATA) released its 2023 Annual Safety Report for global aviation. Aviation continues to progress on safety, with several 2023 parameters showing “best-ever” results. There were no hull losses or fatal accidents involving passenger jet aircraft…
LATAM Airlines Group unveiled its impressive financial figures for the fourth quarter and the full year of 2023, showcasing a solid performance with net profits of $582 million. The good results were expected , though. The year closed with revenues…
Rolls-Royce PLC reported its 2023 results that outperformed expectations. Revenues grew 21% year over year to £15.4 billion with adjusted operating profit of £1.6 billion. Each of the three divisions were above expectations as the company continues its recovery from…
The GAMA 2023 Shipments and Billings report was released earlier today, summarizing the results for the general aviation industry for the 4th quarter and full year 2023. Business aviation continued its slow improvement during the fourth quarter, with single engine…
Pilatus reported strong 2023 financial performance. Company revenues grew to CHF 1.478 billion, with EBIT of CHF 240 million in a record year for the aircraft company, despite supply chain challenges. On the commercial front, the company delivered 148 aircraft,…
Air Lease reported 4Q23 EPS of $1.89, +68% above the consensus of $1.12. “Fourth quarter and full-year performance at ALC was very strong. With the exception of the benefit of tax reform in 2017, we achieved record revenues and profits…