American Airlines reported its second quarter 2024 results, with a drop in profitability of 46% year over year. CEO Robert Isom cited industry overcapacity and a new distribution strategy as the causes of the profit decline. Delta and United, which…
Textron reported its earnings today. First-quarter sales of $3.13 billion fell short of Wall Street expectations of $3.28 billion, and adjusted profit per share of $1.20 fell short of an expected $1.23 per share. Profit for the quarter was $201…
A fall in revenue from the passenger and other segments were the primary cause of a widening loss at the financially troubled Garuda Indonesia for the nine-month period to 30 September 2021. Operating loss came in at $1.67 billion, a…
The A320NEO family is the best selling new generation narrow body aircraft available on the market today. However, due to supply chain difficulties, caused by continuing issues with deliveries of the Pratt & Whitney PW1100G engine, the company has been…