The Brazilian carrier GOL Linhas Aéreas delivered its highest second quarter revenue this year, earning 4.1 billion reais (about $836 million). The airline reached approximately 91% of pre-pandemic capacity while maintaining a disciplined approach to cost controls that continued to…
Boeing’s aim to stabilize 737/MAX production and deliveries (and that of other models…) hasn’t quite worked out in July. At 43 deliveries, the number was lower than that of June, when the airframer dispatched 60 aircraft to lessors and airlines.…
Arabian full-service carrier Oman Air has announced a comprehensive restructuring plan that will take up to three to four years to complete. The restructuring is done “in the interest of financial sustainability and operational continuity”, the airline said on August 8.…
Air Lease Corporation (ALC) experienced a quarter of “strong growth and meaningful aircraft sales”, which helped drive a $164 million net income. While the US lessor is confronted with continued delivery delays, the upside is strong demand for used aircraft…
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Spirit AeroSystems’ 2Q23 results are disappointing. The company posted a loss per share of -$1.46, substantially lower than the consensus estimate of -$0.71. Revenues were 5 percent ahead of consensus. The weakness was focused on the company’s commercial side, which…