Reading Time: 4 minutes The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew by 10.4% in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year performance since air cargo’s rebound from the Global Financial Crisis in 2010 and […]
Reading Time: < 1 minute WestJet announced its second quarter results for 2017, with net earnings of $48.4 million, or $0.41 per fully diluted share, as compared with the net earnings of $36.7 million, or $0.30 per fully diluted share reported in the second quarter of 2016, up 32.0 per cent and 36.7 per cent, respectively. WestJet achieved its 49th […]
Reading Time: 2 minutes Bombardier reported a $296 million net loss for the 2017 second quarter, narrowed from the Canadian manufacturer’s $490 million net loss in 2Q 2016. Bombardier’s consolidated revenue for the quarter totaled $4.1 billion, down 5% from $4.3 billion in the year-ago quarter. Bombardier said its revenue performance was mainly a result of production rate adjustments […]
Reading Time: 2 minutes Boeing will build and test three U.S. Army CH-47F Block II Chinook helicopters as part of a modernization effort that will likely bring another two decades of work to the company’s Philadelphia site. A recent $276 million Army contract will fund those helicopters, which will validate technology advancements that will increase the iconic helicopter’s lifting […]
Reading Time: 3 minutes Since the first commercial flight in 1914, the aviation industry has completely changed and grown to a major transport business. Rapid population growth is increasing aviation popularity and more frequent usage. For example, in 2011 2.8 billion passengers travelled by the air, whereas in 2016 the number grew to 3.6 billion air travellers. Therefore, these […]
Reading Time: 2 minutes Airbus SE has reported half-year (H1) 2017 financial results and maintained its guidance for the full year. Order intake totalled €37.2bn (H1 2016: €39.1bn) with the order book valued at €981bn as of 30 June 2017 (year-end 2016: €1,060bn). A total of 203 net commercial aircraft orders were received (H1 2016: 183 aircraft), with the […]
Reading Time: 2 minutes Delta Air Lines is deepening its longstanding and industry-leading partnership with Air France-KLM Group with a €375 million investment to acquire 10 percent equity in the joint venture partner and a seat on the Air France-KLM Group Board of Directors. Additionally, Delta, Air France-KLM and Virgin Atlantic will launch a combined long-term joint venture, supported […]
Reading Time: 2 minutes A number of airlines, including Delta Air Lines and Avianca Airlines, intend to suspend their services to Caracas. According to the letter submitted by Delta to the Venezuelan National Institute of Civil Aviation, the last flight DL781 from Atlanta to Caracas will be held on Saturday, September 16, 2017. The return and final farewell flight […]
Reading Time: < 1 minute Boeing has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance. Second-quarter GAAP earnings per share increased to US$2.89 and core earnings per share (non-GAAP) increased to US$2.55. Revenue was US$22.7bn, reflecting planned production rates and timing of commercial and defense aircraft deliveries. Operating cash flow […]
Reading Time: 2 minutes A new analysis from forensic accountants on behalf of the Partnership for Open & Fair Skies has revealed that Etihad Airways suffered a $2.06 billion operating loss in 2015, even as the airline received $1.7 billion in new subsidies from its government. The accountants also discovered that Etihad had an operating loss of $1.4 billion […]