Delta Air Lines is very pleased with its 2022 result as it turned a $-940 million Q1 loss into a $1.318 billion full-year profit and made good progress in restoring the balance sheet. Forget the Covid years 2020 and 2021, said CEO Ed Bastian, 2022 was the most...
A late-year order for four Airbus A350Fs on December 19 confirms that there has been plenty of interest in factory-built full freighters last year. Especially if you consider that Airbus and Boeing reaped orders for a combined 102 freighters in 2022. And that in a...
Mitsubishi Heavy Industries (MHI) has fully impaired costs and assets related to the SpaceJet regional jet program, making it ever more unlikely that the project will ever re-start again. The impairment of ¥80.599 billion ($573 million) is mentioned in MHI’s financial...
AirAsia Aviation Group expects to recover to full capacity by the second quarter of 2023. The low-cost airline group of four airlines has seen a strong recovery in Q2 this year, which has continued into August. AirAsia reaffirmed its order for 362 Airbus A321neo’s and...
Qantas CEO Alan Joyce isn’t the first to have used these words in the context of airline operations and profitability, but the financial year 2022 which closed on June 30 has been “extremely challenging” for the Australian airline group. Qantas reported its third...
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