UPDATE August 3 – Rolls-Royce has significantly improved its results for the Civil Aerospace and Defence business units in the first six months of 2023. In a trading update on July 26, the OEM said it expected a consolidated underlying…
UPDATE – Lufthansa Group has produced a very strong second quarter, with its subsidiaries SWISS, Austrian Airlines, Brussels Airlines, and Lufthansa Technik turning in record-high operating profits. While the parent airline is lagging behind, Lufthansa has raised its guidance for…
Air France-KLM looks back on a strong second quarter, with double-digit growth in revenues and a profit margin reaching ten percent again. Air France fared better than KLM, while leisure subsidiaries Transavia produced an HY1 net loss due to serious…
Along with so many other aviation-related companies., GE is also reporting its earnings. Bank of America had a good summary: “good enough to keep the rally going.” GE’s numbers were strong – aerospace revenues were up 28%, and orders were…
American Airlines reported a strong 2Q and raises 2023 guidance. Record revenue of $14.6 billion was up 4.7% from a year earlier in the second quarter, and earnings were $1.3 billion. American’s CEO Robert Isom characterized the financial results as…
The South American giant LATAM Airlines Group has recently announced its 2023 first quarter results. The company had a 43.25 increase in revenues which amounted to $2.80 billion. LATAM Airlines had a strong start in 2023. Let’s take a look…