ANA Holdings (ANA HD) has reported its financial results for the nine months ended December 31, 2023. In the first nine months of fiscal year 2023 (April 1, 2023 – December 31), led by strong inbound demand and leisure demand, overall passenger demand continued to steadily recover, despite ongoing global geopolitical risks. Further, while there
Amadeus IT Group, a Spanish multinational technology company that provides software solutions for the global travel and tourism industry, has announced it is acquiring Vision-Box, a leading provider of biometric solutions for airports, airlines and border control customers. The acquisition of Vision-Box will bring new capabilities around biometrics hardware and software, adding border control solutions
Boeing announced fourth-quarter revenue totalling US$22.0 billion, with a GAAP loss per share of ($0.04) and a core loss per share (non-GAAP) of ($0.47). The company recorded an operating cash flow of US$3.4 billion and a free cash flow of US$3.0 billion (non-GAAP), showing improvement attributed to higher commercial volume and performance. Commercial Airplanes’ fourth-quarter
IFS, the global cloud enterprise software company, has released its financial results for the full year ending December 31, 2023. The company posted exceptional results with software revenue growth at 33% year-on-year and cloud revenue up 46% as new and existing customers accelerate the move to IFS Cloud, a market-leading single-cloud platform, allowing customers to
Private investor Rcapital has completed the acquisition of aerospace and defence engineering business, FGP Group. The deal will mean that over 200 jobs in Dorset, UK, are protected. The Group comprises Weymouth-based FGP Systems Limited, a precision engineering business which provides very high-tolerance machining, turning and fabrication services to blue-chip aerospace and defence customers, and FGP
In response to the removal of its flights by certain online travel agents in December, Ryanair has revised its profit forecast for the fiscal year ending March 2024. The airline disclosed on Monday that it anticipates an after-tax profit ranging between €1.85 billion and €1.95 billion (US$2 billion to US$2.1 billion), marking a downward adjustment
Liebherr-Aerospace Toulouse SAS has acquired the activities of SIBI SAS, a subsidiary of the industrial family group KEP Technologies. The acquisition of SIBI activities and its integration into the Liebherr Group have been effective since December 20, 2023. A new Liebherr legal entity called “Liebherr-Aerospace Montauban SAS” has been created and all SIBI SAS employees
Mesa Air Group has reported that its fiscal full-year 2023 results reflect a net loss of US$120.1 million, compared to a net loss of US$182.7 million for fiscal full-year 2022. Mesa’s fiscal full-year 2023 adjusted net loss was US$79.5 million versus adjusted net loss of US$40.2 million in fiscal full-year 2022. Total operating revenues for
GOL Linhas Aéreas Inteligentes S.A. and its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the Southern District of New York (the U.S. Court). Chapter 11, a U.S. legal framework, is employed by businesses to secure capital, restructure finances, and strengthen long-term business operations while maintaining normal functionality. As
For the full year, American Airlines (American) produced revenue of nearly US$53 billion. In the fourth quarter, the company generated revenue of more than US$13 billion and an operating margin of 5.0% on a GAAP basis. Excluding the impact of net special items, American produced an operating margin of 5.1% in the fourth quarter, exceeding
