Financial

The Lufthansa Group generated an operating profit of €393 million in the second quarter of 2022. In the prior-year period, adjusted EBIT was still clearly negative at €-827 million. Adjusted EBIT margin rose accordingly to 4.6% (prior year: -25.8%). Net income increased significantly to €259 million (prior year: €-756 million). The Group turned over €8.5

Rolls-Royce has reported that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity. This follows the approval of all other relevant regulatory authorities. As a result, the completion of the transaction, at an enterprise value of approximately €1.8 billion, is expected in the

Rex has reported record-high passenger numbers and revenue across both its domestic and regional networks in the first month of the financial year 2023 (FY2023). On the domestic front, July’s pre-audited base passenger revenue was at AU$13.6 million, almost double that of the monthly average of the prior three months at AU$6.87 million. Load factor

Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced its results for the first half of 2022, achieving year-on-year revenue growth of 6% compared to H1 2021 and contributing 35% of Etihad Aviation Group’s operating revenue. In addition to recording an increase in overall revenue, Etihad Cargo maintained a strong delivered

JetBlue Airways and Spirit Airlines have announced that their Boards of Directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for US$33.50 per share in cash, including a prepayment of US$2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction and a ticking fee of US$0.10 per month

Boeing has reported second-quarter revenues of US$16.7 billion, driven by lower defence volume and unfavourable performance, partially offset by higher commercial volume. Boeing recorded positive operating cash flow of US$0.1 billion. Commercial Airplanes second-quarter revenue increased to US$6.2 billion, driven by higher 737 deliveries, partially offset by lower 787 deliveries. Operating margin of (3.9)% also reflects

Airbus has reported consolidated financial results for the half-year ended June 30, 2022. Gross commercial aircraft orders increased to 442 (H1 2021: 165 aircraft) with net orders of 259 aircraft after cancellations (H1 2021: 38 aircraft). The order backlog amounted to 7,046 commercial aircraft on June 30, 2022. Airbus Helicopters booked 163 net orders (H1