Stock in Norwegian Air (Norwegian) soared by as much as 23% as the Scandinavian airline not only announced a Q3 net income of NOK1.67 billion, up from a previously forecast NOK 1.47 billion, but also announced a leasing deal to offload 27 new Airbus jets it is committed to purchasing. Norwegian has raised its 2019
The Qantas Group continued to deliver revenue growth in the first quarter of FY20, up 1.8% to AU$4.56 billion compared with AU$4.49 billion in the prior corresponding period. Group Unit Revenue increased 2.1% versus the prior corresponding period. Total Group capacity was down 0.2%, driven by a 0.6% decrease for Group International, while Group Domestic
American Airlines has posted pre-tax earnings excluding net special items for the third quarter of 2019 of US$835 million, a 16% year-over-year increase from the third quarter of 2018. Excluding net special items, net income was US$630 million. Strong passenger demand drove a 3% year-over-year increase in third-quarter 2019 total revenue to a record US$11.9
Sabre Corporation, the travel technology company based in Southlake, Texas has announced its acquisition of Radixx, the Orlando, Florida-based technology provider to low-cost and retail-focused airlines. Radix was founded in 1993 to leverage the technology industry’s fast-paced advancements, focusing on cloud-based solutions that could be rapidly deployed by airlines. With low-cost carriers holding a 30%
United Airlines (UAL) has achieved third-quarter diluted earnings per share (EPS) of US$3.99 and adjusted diluted EPS of US$4.07, and raised its full-year 2019 adjusted diluted EPS guidance, with a new range of US$11.25 to US$12.25. United has reported third-quarter net income of US$1.0 billion, pre-tax earnings of US1.3 billion and pre-tax margin of 11.9%,
Condor Flugdienst GmbH (Condor) the German leisure airline and subsidiary of the now defunct Thomas Cook Group, has received approval from the European Commission for a loan from the German government of €380 million (US$418 million) to guarantee the smooth continuation of operations while it looks to shore up its future and battle against a
Boeing is investing US$20 million in Virgin Galactic. The companies will work together to broaden commercial space access and transform global travel technologies. To date, Virgin Galactic has invested US$1 billion of capital to build reusable human spaceflight systems designed to enable significantly more people to experience and utilize space. In July, the company announced
As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. As of today, ALC has commitments to acquire a total of 318 new aircraft for delivery from Boeing and Airbus through 2024. ALC has delivered 15 new aircraft including 2 Airbus A320neos, 6 Airbus A321neos, 1 Airbus A330-900neo,
As a part of the fifteen-year trade spat between the U.S and Europe, the World Trade Commission has granted Washington the right to impose annual tariffs on US$7.5 billion worth of European goods. The immediate consequence is that U.S. carriers who have had long-standing orders with Airbus for the delivery of passenger jets have just
Astronics Corporation, a leading provider of advanced technologies for the global aerospace, defense, and other mission-critical industries, has acquired the primary operating subsidiaries from mass transit and defense market test solution provider, Diagnosys Test Systems Limited (Diagnosys). Diagnosys is a developer and manufacturer of comprehensive automated test equipment (ATE) providing test, support, and repair of
