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Air Canada Reports record fourth-quarter revenues of CA$4.062 billion

February 20, 2023

Air Canada has reported record fourth-quarter 2022 revenues of CA$4.062 billion which nearly doubled from the fourth quarter of 2021. Fourth- quarter operating revenues of CA$4.680 billion increased 71% from the fourth quarter of 2021. Operating loss of CA$28 million, was significantly better than the operating loss of CA$503 million in the fourth quarter of 2021. Adjusted EBITDA (earnings before

Air Lease Corporation posts fiscal year 2022 net loss of US$138.7 million

February 20, 2023

Air Lease Corporation (ALC) has posted its financial results for the year ended December 31, 2022. The company’s total revenues for the year increased by 11% to US$2.3 billion compared to the same period in 2021. The increase in total revenues was primarily driven by the continued growth in its fleet and significantly lower COVID-19-related

Norwegian posts NOK 1,502 million EBIT operating profit for 2022

February 17, 2023

Despite posting a pre-tax (EBT) loss of NOK 80 million for the fourth quarter of 2022, flag-carrying airline Norwegian Air Shuttle (Norwegian) has posted NOK 1,502 million EBIT operating profit for 2022. The company also delivered an operating loss for the fourth quarter of NOK 39 million. The quarter’s loss has been put down to

Air France-KLM back to positive net income

February 17, 2023

The Air France-KLM Group has reported a positive net income for the full year 2022. Net income amounted to €728 million for the full year 2022, an increase of €4,020 million compared to last year. Revenue for the full year 2022 was up 84.4% compared to the previous year, a record level in the Group’s

Airbus reports a consolidated full-year revenue increase of 13%

February 16, 2023

Airbus has reported that consolidated revenues increased 13% to €58.8 billion (2021: €52.1 billion). A total of 661 commercial aircraft were delivered (2021: 611 aircraft), comprising 53 A220s, 516 A320 family, 32 A330sand 60 A350s. Revenues generated by Airbus’ commercial aircraft activities increased 15% year-on-year, mainly reflecting the higher deliveries and the strengthening of the

Canada Jetlines closes loan transaction

February 14, 2023

Canada Jetlines Operations (Canada Jetlines), the new, all-Canadian, leisure airline, has entered into a non-convertible term loan agreement for a CA$1,500,000 (£926 million) loan from Roosheila Group Inc. (the lender). The lender is a holding company for Reg Christian, a director of the company and travel industry veteran. The loan will be advanced in a

Spirit AeroSystems reports fourth-quarter and full-year 2022 results

February 13, 2023

Spirit AeroSystems’ revenue in the fourth quarter of 2022 was US$1.3 billion, up 23% from the same period of 2021. This increase was primarily due to higher production deliveries on the Boeing 737 programme as well as increased defence and space revenue. Overall deliveries increased to 343 shipsets during the fourth quarter of 2022 compared

Jet fuel prices have reached 12-year highs

February 10, 2023

As China’s reopening takes to the skies China made headlines again in the last week with the shooting down of a spy balloon over the U.S and subsequently at several other sightings in different parts of the world. For the aviation industry however, soaring jet fuel demand data will be vital to understanding if China’s

Wencor Group acquires Aero-Glen International

February 10, 2023

Wencor Group, a leading solutions provider to the aerospace and defence markets, has announced the acquisition of Aero-Glen International, LLC. “We are excited to welcome Aero-Glen International and its talented team of employees to Wencor. This acquisition is an excellent fit that accelerates our strategy to provide best-in-class distribution and value-added services to both the

Jazeera Airways posts annual profit of US$65.7 million for 2022

February 8, 2023

Jazeera Airways (Jazeera) has announced record net profits of US$65.7 million (KD20.1 million) for the 2022 full year, an increase of 183.6% over 2021. Operating revenues for 2022 increased to US$595.4 million (KD182.116 million), up 126.5%, and operating profit increased by 148.4% to US$87.6 million (KD26.8 million). With the resumption of operations at the Kuwait

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