Air France-KLM is on track for a strong recovery to profitability and will produce ‘a significantly positive’ operating result in the third quarter. After suffering deep losses in the past couple of Covid-years, the airline group reduced its Q1 net…
UPDATE – Entry into service of the Airbus A321XLR has slipped by a couple of months from late 2023 to early 2024. The delay is necessary to meet certification requirements, Airbus says in the release of its Q1 results. The airframer…
Higher production volumes on the Boeing MAX program are the main driver behind better first-quarter results of Spirit AeroSystems. The Tier 1 supplier to Boeing, Airbus, and Bombardier reported thirty percent higher revenues and a 69 percent lower net loss…
Air China, China Eastern, and China Southern Airlines all reported deepening losses for the first quarter of the year. With many cities and regions in strict lockdowns, the Big Three were confronted with a significant drop in traffic. Although restrictions…
Avolon has taken a $304 million impairment on aircraft leased to Russian customers that are now subject to international sanctions. The recognition reduces the carrying value of ten aircraft to zero, the lessor said on May 3 in its Q1 results…
Icelandair is preparing for a strong summer that should accumulate net profits for the second and third quarters, but the outlook after that remains uncertain. Therefore, the carrier isn’t offering full-year guidance, it said on April 29 in its Q1…