Today, IAM union members will vote on a revised deal Boeing offered after trading with IAM’s leadership. The agreement includes a four-year pay increase of 38%, plus a $12,000 signing bonus, tweaks to the 401K plan, and sick time call-outs.…
Today’s key news are rumors of another Emirates freighter order going to Boeing for the existing 777F, and a competition opening for future freighters with A350 against the 777X. Given the long delays in the 777X program, and engine durability…
Todays key stories are mixed, with some positive and some negative events impacting Boeing. Starting with the good news, Boeing appears to have been cleared to resume wide-body jet deliveries to China after further testing of batteries powering the aircraft’s…
Ryanair announced its best-ever annual results, with passenger and revenue growth offset by higher operating costs. However, Europe’s biggest airline by passenger volume guided to softer pricing for the current quarter. Ryanair reported €1.92bln net profit for FY24, up from…
Ryanair has a business model that works well for itself. Any third party invariably runs into issues. Given the airline is a ULLC, it doesn’t play well with others – and that’s fine, provided customers deal with the airline directly.…
Ryanair’s CEO Michael O’Leary is blaming the lack of available aircraft for higher fares this summer, as airlines struggle to meet peak season demand. The carrier initially forecast more than 205 million passenger from now until the end of March,…