UPDATE – Embraer reported a higher pre-tax operating profit and turned a net loss into a net profit for the full year 2022, thanks to a strong fourth quarter. All business units contributed positively to the results, but Commercial Aviation performed best.…
Cathay Pacific will take most of this year to build back capacity to seventy percent of pre-Covid levels by the end of 2023 and return to pre-pandemic levels in 2024. It will do this through a “measured and responsible approach”…
airBaltic will induct four Airbus A320ceo’s into its fleet this summer season to make sure it has adequate capacity for its own operations and for those of other customers that wet-lease the airline’s own A220-300s. The carrier will wet-lease-in the…
UPDATE – Lufthansa Group returned to profitability in 2022 and has left the Covid-crisis behind it. The airline group reported a consolidated net profit of €791 million, which puts its ahead of its main European rivals Air France-KLM (€728 million) and International…
AerCap is encouraged by the uptick in air travel in China in recent weeks but is less positive about how Airbus, Boeing, and Embraer continue to underperform on aircraft deliveries. CEO Aengus Kelly shared this twisted outlook for 2023 in…
Turkish Airlines surprised with a $2.7 billion net profit for 2022, one of the highest seen within the industry so far and not even matched by the three US carriers. The carrier is citing strong revenue development that saw last…