Despite reporting a NOK-992.8 million net loss, Norwegian Air is actually quite pleased with how it weathered the first quarter of 2023. While the operating loss was higher than in Q1 2022, the airline demonstrated that it is no far more…
Archer has completed the final assembly of the first Midnight aircraft and is readying the eVTOL for the first flight and test program later this summer. The vehicle will start with ground testing at the Salinas (California) test facility, where…
The reopening of Japan and China helped Korean Air to boost revenues in Q1, but this was offset by higher operating expenses and fuel costs. The airline particularly lost out on cargo revenues, which reflects the global downturn of the economy…
International Airlines Group (IAG) produced its first Q1 operating profit since Q1 2019, although it was just €9 million. But the airline group is bullish about the rest of the year and expects a significantly higher operating profit before special items…
Air France-KLM benefitted from 42 percent higher revenues from more passengers and consequently reduced its net loss in Q1 to €-344 million. The outlook for the summer is good and the group’s finances look much better since it has redeemed all…
Embraer says it is running sales campaigns for some 200 commercial aircraft and is optimistic that it will conclude agreements for most of them. The Brazilian airframer has active negotiations with potential customers around the world, President and CEO Francisco…