5 November 2021

Southwest Airlines

Bleak outlook as predicted slew of cancelled flights likely to play havoc with US holiday flights

A very dark shadow has been cast over the forthcoming holiday period in America with major airlines across the country struggling to recruit staff as post pandemic-restricted travel demand surges. Even back in the summer flight cancellations owing to staff shortages were occurring, and the problem has been exacerbated by virtually all major airlines scrambling …

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Spirit AeroSystems posts revenue of US$980 million in Q3 2021 – up 22%

Spirit AeroSystems’ (Spirit) third quarter of 2021 revenue was US$980.0 million, up 22% from the same period of 2020, primarily due to higher production deliveries on the Boeing 737 and increased revenue from the recently acquired A220 wing and Bombardier programmes. These increases were partially offset by the lower wide-body production rates due to reduced …

Spirit AeroSystems posts revenue of US$980 million in Q3 2021 – up 22% Read More »

IAG Cargo reports strong third-quarter revenues of €405 million

IAG Cargo reported that third-quarter 2021 (Q3) revenues represent an increase of 34.4% at constant currency versus the same period last year. Overall yield for Q3 was down 2.0% at constant currency versus 2020. Sold tonnes were up 42.6%. The results come on top of IAG Cargo’s half-year revenue of €769 million and delivering total revenue …

IAG Cargo reports strong third-quarter revenues of €405 million Read More »

Willis Lease Finance Corporation reports third-quarter pre-tax profit of US$6.1 million

Willis Lease Finance Corporation has reported third-quarter total revenues of US$70.8 million and pre-tax profit of US$6.1 million. For the three months ended September 30, 2021, aggregate lease rent and maintenance reserve revenues were US$56.6 million and spare parts and equipment sales were US$5.1 million. The company reported increased total revenues in the third quarter …

Willis Lease Finance Corporation reports third-quarter pre-tax profit of US$6.1 million Read More »

GA Telesis signs new agreement with Didsbury Engineering

GA Telesis (GAT) continues to elevate its tooling and GSE sector growth, signing a new agreement with UK-based Didsbury Engineering to become a global distributor of its extensive inventory of hoist kits and other ground service equipment (GSE). The hoists are an integral tool in the safe installation and removal of heavy, hard-to-reach aircraft components. …

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Viva Air selects IFS for aviation maintenance and fleet planning

IFS, the global cloud enterprise applications company, has announced that Viva Air has selected IFS to support its maintenance, repair and overhaul (MRO) and fleet planning operations. As one of Latin America’s leading low-cost carriers with ambitious expansion plans across South and North America, Viva Air will deploy IFS software to support maintenance planning and …

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