Tier-1 supplier Spirit AeroSystems is to initiate a cost reduction program to reduce structural costs and improve profitability and cash flow in 2023. It says it needs to as production rates of the Boeing 737/MAX remain around 31 per month, Spirit said in its Q3...
A net foreign exchange loss of €269.2 million related to unhedged lease liabilities in US dollars is the main reason that Wizz Air’s half-year loss almost tripled. Despite other headwinds like high fuel costs, the ultra-low-cost airline produced a positive...
Every reader is aware of the pressures US regional airlines are under. An aspect that warrants more attention is the fleet situation. The former Bombardier CRJ is now a Mitsubishi product. Mitsubishi, through its MHIRJ organization, is supporting this fleet and...
Uganda Airlines has advanced plans to join the African Airlines Association, AFRAA Joint Fuel Purchase program, to mitigate the impact of the high jet fuel prices on its cost base. Fuel as a component now accounts for 52 percent of the cost base, up from 30 to 40...
Wizz Air’s policy not to hedge fuel costs has bitten it hard in the first quarter of FY23. While passenger numbers and revenues significantly increased, they were negated by the effects of higher fuel and operating costs. It pushed the ultra-low-cost carrier...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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