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TUI © AirTeamImages

TUI earnings hit hard by 737 MAX grounding

European tourism group TUI has reported a 46% decline in underlying quarterly earnings which it predominantly puts down to the grounding of Boeing’s 737 MAX jet. 10% of the group’s fleet of planes (15 in number) are 737 MAXs, while a further eight of these planes are currently on order, but until the grounding order

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2020 will see Delta become largest U.S. carrier serving Tokyo Haneda Airport

Delta Air Lines (Delta) will move all its Tokyo-bound flights from Tokyo’s Narita Airport to the city’s closer and more convenient airport, Haneda, in March 2020. Subsequent to the move, the airline will become the largest U.S. carrier serving Japan’s capital city, with seven daily flights between Haneda and Seattle, Detroit, Atlanta, Honolulu, Minneapolis, Los

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Worldwide air freight still negative due to trade conflicts

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 4.8% in June 2019, compared to the same period in 2018. This marks the eighth consecutive month of year-on-year decline in freight volumes.Signs of a modest recovery in recent months

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Rolls-Royce

Rolls-Royce reduces losses despite ongoing Trent 1000 problems

Rolls-Royce has managed to reduce the engine-maker’s half-year losses but is still struggling with ongoing woes concerning its troubled Trent 1000 engine. The Group reported statutory interim pre-tax losses of £791 million against £1.2 billion a year ago. On an underlying basis, half-year profits rose 16% to £94 million for the six months to June

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C919 aircraft from COMAC

COMAC’s fourth C919 prototype completes first test flight

Commercial Aircraft Corp of China (COMAC) has announced that its fourth prototype of the C919 narrow-body twin-engine passenger jet has successfully completed its first test flight. The plane took off from Shanghai and lasted 1 hour 25 minutes. COMAC is looking to challenge Airbus and Boeing with its home-grown commercial jet. The company confirmed that

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