JetBlue Airways (JetBlue), based in New York, has revised its 2023 outlook, anticipating potential losses in the current quarter due to a surge in travellers choosing international destinations and the conclusion of its partnership with American Airlines in the Northeast. The airline now projects adjusted earnings per share for the year ranging from 5 cents
On August 1, Nordic Aviation Group (Nordica) began its turnaround efforts by enlisting the expertise of an international consulting company to guide the airline back to profitability. David O’Brock, Chairman of the Board of Nordic Aviation Group, acknowledged the severe deterioration in Nordica’s economic situation in the preceding months. Revenues fell significantly below expectations, while
IBA, a renowned aviation market data and intelligence company, announced on August 1, that it intends to acquire the Fleetwatch application from Aeromanage. Fleetwatch is a mobile application that caters to the aviation leasing and finance community by delivering real-time alerts to mobile devices, linked to aircraft flight events and status changes using ADS-B data.
International Airlines Group (IAG) has announced an operating profit of approaching £1.1 billion for the first half of 2023. The group owns British Airways, Aer Lingus, Vueling, Iberia, Iberia Express, IAG Cargo, LEVEL and others. By the end of 2023 the Group expects flight capacity to reach pre-pandemic levels. Last year the Group posted an
In the second quarter of 2023 (Q2 2023), Air France-KLM’s revenues were up +14.1% compared to Q2 2022, driven by a higher capacity (+8%), a higher passenger load factor (+3 pt) and a higher passenger yield (+9%). The operating result improved compared to last year by €347 million while last year the operating result was
L3Harris Technologies, an aerospace and defence company, confirmed that it has been informed that the U.S. Federal Trade Commission would not oppose its proposed US$4.7 billion acquisition of Aerojet Rocketdyne (Aerojet). L3Harris Technologies has now raised its full-year forecasts for revenue and profit as the war in Ukraine has increased demand for defence equipment. U.S.
Safran’s CEO, Olivier Andriès, has expressed enthusiasm regarding the company’s performance in the first half of 2023. He said that numerous new orders have been announced since the beginning of the year, and there’s a notable increase in narrow-body air traffic, surpassing the levels seen in 2019. As a result, there is a significant demand
IAG Cargo, the cargo division of International Airlines Group (IAG) has reported its financial results for the first half of (H1) 2023. The business reported commercial revenues of €603 million for the period from January 1 to June 30, 2023. IAG Cargo’s H1 2023 revenues represent an increase of 8.5% versus the same period before
As part of its recovery from supplier error, Boeing has announced its intention to ramp-up production of its 737-family aircraft from a current 31 units per month to 38 per month. The MAX versions make up the majority of planned production. In addition, increased deliveries of the 787 Dreamliner have helped to boost revenue in
Airbus has reported consolidated financial results for the half-year (H1) ended June 30, 2023. “During the first half of 2023 we progressed well across our businesses in an operational environment that remains complex. Our commercial aircraft are in strong demand, as demonstrated by more than 800 orders announced at the Paris Air Show. This demand
