Astronics Corporation has reported financial results for the three months ended March 30, 2024. Consolidated sales were up $28.5 million, or 18.2%. Aerospace sales increased US$28.0 million, or 20.7%, driven by increased demand in its Electrical Power & Motion product line. Test Systems sales increased US$0.5 million. Consolidated operating income was US$1.7 million, compared with
In the first quarter of 2024, Air France-KLM Group saw a notable increase in passenger numbers, welcoming 20.9 million travellers, marking a 6.2% rise from the previous year. With capacity expanding by 4.5% and traffic growing by 5.0%, the load factor experienced a slight uptick of 0.4 points compared to the previous year. However, despite
MTU Aero Engines (MTU) achieved adjusted revenue of €1.67 billion in the first quarter of 2024, marking an 8% increase compared to the same period in 2023 (1-3/2023: €1.54 billion). Adjusted EBIT2 reached €218 million, up from €212 million in the prior-year period, while the adjusted EBIT margin stood at 13.0% (1-3/2023: 13.7%). Adjusted net
Boeing has closed a deal with GKN Aerospace St. Louis and its parent company, Melrose Industries, to continue the manufacturing of critical components that support the U.S. government and its allies. The agreement between Boeing and GKN immediately transitions the St. Louis site’s capabilities and operations in support of the F/A-18 and F-15 programmes to
Embraer has unveiled its plan to invest approximately US$390 million and recruit 900 additional employees in the current year in Brazil. The announcement was made during the visit of the President of Brazil, Luiz Inácio Lula da Silva, to the company’s headquarters in São José dos Campos. The objective is to meet increased aircraft production
American Airlines (American) has achieved record first-quarter revenue of approximately US$12.6 billion. However, it reported a net loss of US$312 million. Excluding net special items, the net loss was US$226 million. Despite challenges, American Airlines Group attained its best-ever first-quarter completion factor. It generated operating cash flow of US$2.2 billion and free cash flow of
Airbus has unveiled its consolidated financial results for the first quarter ending March 31, 2024 (Q1 2024). The company reported robust performance across its commercial aircraft, helicopters, and defence and space divisions. Gross commercial aircraft orders reached 170 units in Q1 2024, up from 156 in Q1 2023, with no cancellations, maintaining the same number
Boeing, on April 24, disclosed a US$355 million loss for the initial three months of the year, grappling with a quality dilemma stemming from a January 5 flight where a panel detached from one of its aircraft. The reported loss, though significant, was less severe than analysts’ projections, and notably smaller than the US$425 million
Robinson Helicopter Company (RHC) has completed the acquisition of Ascent AeroSystems, which now operates as a wholly owned subsidiary of Robinson Helicopter Company. This strategic move underscores Robinson’s commitment to advancing innovation, expediting new rotorcraft developments, and supporting diverse missions globally. By harnessing the expertise and resources of both entities, Robinson reinforces its position at
JetBlue, ‘New York’s Hometown Airline®’, has unveiled its financial performance for the first quarter ending March 31, 2024. The airline disclosed a net loss of US$716 million, representing a year-on-year revenue decline of 5.1% to US$2.2 billion. As of the end of the first quarter, JetBlue held US$1.7 billion in unrestricted cash, cash equivalents, short-term
