Atlas Air Worldwide Holdings has posted its third-quarter 2022 results with net income of US$60.1 million compared with net income of US$119.5 million in the third quarter of 2021. On an adjusted basis, EBITDA totalled US$194.0 million in the third quarter this year compared with US$280.5 million in the third quarter of 2021. Adjusted net
German flag-carrying airline Lufthansa and Unabhängige Flugbegleiter Organisation e.V. (UFO) the trade union representing 19,000 cabin personnel have reached an agreement over a new pay structure for existing staff and terms for newly recruited cabin personnel. As of January 1, 2023 basic monthly pay will be increased by €250.00 and annual pay will be subject
AirAsia Aviation Group Limited (AAAGL), the holding company of Capital A’s airline group, has entered into a share purchase agreement to sell the remaining equity shares held in AirAsia (India) Private Limited (AAI) to Air India, an affiliate of Tata Sons Private Limited (TSL). The latest agreement comes as AirAsia returns to the skies since
Safran Electronics & Defense and MBDA have completed the acquisition of ArianeGroup’s 63% majority stake in CILAS, a French company specialized in lasers for military applications. The acquisition was carried out through a joint company created for the purpose called HMS Laser, equally owned by Safran Electronics & Defense and MBDA. Founded in 1966, CILAS
VoltAero has completed the first tranche in its Series B financing, with Italy’s TESI becoming a strategic investor and industrial partner. The new funding round, which includes a €32 million (£27.83 million) capital raise, will cover certification and production launch of the first member in its electric-hybrid aircraft family, the Cassio 330. “TESI’s decision to
Kuwaiti carrier Jazeera Airways has posted a net profit of US$67.05 million for the first nine months of 2022, primarily as a consequence of a 410% increase in passenger numbers compared to the same period in 2021. Total revenue for the period was US$454.65 million, up 197.9% year-on-year, while operating profit stood at US$8.06 million.
Air Canada has generated CA$644 million in operating income with a strong operating margin of 12.1% in the third quarter of 2022. This was the first quarter since the pandemic began in which the company delivered positive operating income. Operating revenues more than doubled to CA$5.3 billion, on a capacity growth of 130% and EBITDA increased to over a billion,
Lufthansa Group has reported that revenue almost doubled compared to last year (+93%), reaching €10.1 billion in the third quarter (previous year: €5.2 billion). The company generated an Adjusted EBIT of €1.1 billion in the third quarter of 2022, including an impact from strikes of around €70 million. In the same period last year, operating
Airbus has posted its consolidated financial results for the nine months ended 30 September 2022. Consolidated revenues increased to €38.1 billion (9m 2021: €35.2 billion). A total of 437 commercial aircraft were delivered (9m 2021: 424 aircraft), comprising 34 A220s, 340 A320 family, 21 A330s and 42 A350s. Revenues generated by Airbus’ commercial aircraft activities
In contrast to predictions of a US$347 million profit for the third quarter of the year by analysts surveyed by Refinitiv, Boeing Co. has posted a quarterly loss of US$3.3 billion, appreciably worse than the US$132 million it posted for the same quarter last year. The news has come as even more of a surprise
