Rolls-Royce’s underlying operating margin demonstrated significant improvement, reaching 9.7% compared to 2.4% in the previous period. This positive change was fuelled by continuous revenue growth and early transformational benefits, particularly in commercial optimisation and cost efficiencies across the group. Civil Aerospace achieved an operating margin of 12.4% (versus (3.4)% in the prior period) due to
Spirit AeroSystems‘ (Spirit) revenue in the second quarter of 2023 was US$1.4 billion, up 8% from the same period in 2022. This increase was primarily due to higher production deliveries on the Boeing 737 and 787 programmes and increased Defence and Space revenue, partially offset by lower revenue on the Airbus A220 programme. Overall
Lufthansa Technik (LHT) can look back on a very successful first half of 2023. After a strong start into the year, the MRO company had an even stronger second quarter. The half-year results show an overall increase of more than 20% in revenue and earnings compared to the same period of the previous year. Earnings
Dubai Aerospace Enterprise (DAE) and its subsidiaries have reported financial results for the six months ended June 30, 2023. Profit for the six months was US$141.1 million compared to a profit before exceptional items of US$140.1 million for the six months ended June 30, 2022. Operating profit increased by US$65.0 million to US$319.8 million compared
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.
