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GE Aerospace ends Q3 with strong orders – revises LEAP guidance
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Spirit Airlines reduces Q1 loss amidst multiple challenges
Spirit Airlines reduced its Q1 loss to $-103.9 million from $-194.7 million amidst various operating challenges. These included weather and aircraft shortages exacerbated by staffing shortages at air traffic control in Florida and Las Vegas. Spirit Airlines reduces Q1 loss…
Malaysia Airlines reduces loss after strong Q4
Malaysia Airlines Group (MAG) and Malaysia Airlines Berhad (MAB) reported their best Q4 results in the past two decades and significantly reduced the full-year net loss year on year. The airline is optimistic for this year, especially as China and…
Leonardo reduces ATR loss despite fewer deliveries
Leonardo delivered fewer airframe deliveries to ATR last year but reduced its loss on the turboprop program compared to 2021. Longer term, the Italian company continues to work on optimizing the production for ATR to reduce lead times and improve quality.…
Air Transat reduces losses and expects positive 2023
Despite “solid momentum” and “a significant decrease of its adjusted operating loss” in Q4, Air Transat’s parent company Transat AT ended FY22 with a deeper net loss compared to the previous year. The Canadian group reported a loss of C$-445.3 million…