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
RTX has reported fourth quarter sales of US$19.9 billion, up 10% over the prior year, which included a benefit of US$0.1 billion related to a customer settlement. On an adjusted basis, sales were US$19.8 billion, up 10% over the prior year. GAAP EPS from continuing operations of US$1.05 was up nine percent versus the prior
In mid-January, RUAG Aerostructures Switzerland and Pilatus Aircraft reached an agreement on the sale of the machine park and the transfer of all employees. The sale to Pilatus is part of the strategic goals for RUAG International set by the Federal Council. RUAG Aerostructures Switzerland is one of the world’s leading manufacturers and suppliers of
Avia Solutions Group, an ACMI provider with 199 aircraft, has signed a share purchase agreement to acquire Australian airline, Skytrans. The acquisition is expected to be completed in March 2024, subject to specific transaction conditions. Skytrans is an Australian-owned airline operating Regular Public Transport (RPT) and charter services with a fleet of 13 regional aircraft.
Vertical Aerospace (Vertical), a global aerospace and technology pioneer in zero-emissions aviation, has announced a substantial US$50 million investment from its founder, majority owner and CEO, Stephen Fitzpatrick. This funding infusion not only paves the way for upcoming financing rounds but also extends Vertical’s projected financial runway into Q2 2025. This capital injection will support
Willis Lease Finance Corporation (WLFC) has issued to TAR Aerolíneas a notice of Continuing Event of Default, demand for Payment and demand to Return for TAR Aerolíneas’ failure to pay amounts due and its refusal to return a leased AE3007 engine, currently installed on Embraer RJ145LR (Registration No. XA-AFH) and being utilised for Mexicana flights.
