Cathay Pacific Airways (Cathay Pacific), the flag carrying airline of Hong Kong has been forced, for the second time in under a month, to reduce its profit guidance owing to anti-government protests in the city which have forced schools, many businesses and transport links to shut down. The airline confirmed on Wednesday, October 13, that
Leonardo is accelerating the progress of technology and innovation in autonomous flight by investing in Skydweller Aero Inc., a US/Spanish start-up specialising in large-scale solar-powered unmanned air systems. The initiative will result in the development and deployment of the Skydweller drone, the world’s first fully electric unmanned aircraft capable of carrying large payloads with unlimited
The SIA Group has achieved a net profit of SG$206 million in the first half of the financial year, SG$10 million (+5.1%) higher than last year. Revenue rose SG$418 million (+5.3%), primarily from strong growth in passenger flown revenue, partially offset by a reduction in cargo flown revenue, while higher expenditure (+$431 million or 5.8%)
SAS’ outlook in the third quarter report was “that it will be challenging to reach a positive result before tax and items affecting comparability in fiscal year 2019”. As a result of strong passenger figures and an improved unit revenue, the outlook is revised as SAS’ earnings before tax and items affecting comparability is estimated
Héroux-Devtek, a leading international manufacturer of aerospace products, has reported strong results for the second quarter ended September 30, 2019. Consolidated sales grew 52.1% to CA$145.5 million, up from CA$95.6 million last year, including a 14.3% organic growth and a solid performance by the Corporation’s recent acquisitions, which contributed CA$36.1 million. Commercial sales grew 38.1%
Fly Leasing has reported its financial results for the third quarter of 2019. The company reported net income of US$51.7 million and adjusted net income of US$59.8 million. Fly Leasing sold eight aircraft for a gain of US$38.9 million, a 17% premium-to-book value. During the quarter the company purchased two aircraft for US$53.7 million. Fly
The Emirates Group has announced its half-year results for its 2019-20 financial year. Group revenue was AED 53.3 billion (US$14.5 billion) for the first six months of 2019-20, down 2% from AED 54.4 billion (US$14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the
Lufthansa Group has achieved an Adjusted EBIT of €1.3 billion for the third quarter of 2019, only slightly below the EUR €1.4 billion of the prior-year period. Against the backdrop of higher fuel costs, which were €171 million above their 2018 level in the third quarter alone, the Group delivered a sound business performance for
The SIA Group has achieved a net profit of SG$206 million in the first half of the financial year, SG$10 million (+5.1%) higher than last year. Revenue rose SG$418 million (+5.3%), primarily from strong growth in passenger flown-revenue, partially offset by a reduction in cargo-flown revenue, while higher expenditure (+SG$431 million or 5.8%) reflected enlarged
Europe’s largest low-cost carrier, Dublin-based Ryanair, has posted only a 2.6% growth in passenger numbers for the financial year, its lowest growth figure since 2014. In addition, the carrier believes that if Boeing’s 737 MAX remains grounded for much longer, overall growth for the 2019 financial year will be wiped out, compared to an average
