Delta Air Lines plans to spend $1 billion over the next decade to “mitigate” all emissions from its business, investing in a wide range of initiatives to reduce or eliminate carbon emissions throughout its business.
Ireland-based lessor AerCap, reporting $1.15 billion in net income for 2019, said its prospects are fair for 2020, although the continuing Boeing 737 MAX grounding is having an adverse effect on its figures.
Crediting its multiyear transformation program, the Singapore Airlines (SIA) Group posted a 10.9% year-on-year (YOY) profit growth for its fiscal 2019/2020 third quarter (Q3), earning S$315 million ($233.5 million) for the period ending Dec. 31, 2019.
Continuing uncertainty over the return to service of Boeing’s 737 MAX has forced Panama’s Copa Airlines to slash capacity guidance for 2020 and push back its targeted date to deliver a unit cost performance below six cents.
With the aerospace manufacturing sector expecting Boeing to restart 737 MAX production as early as next month or April, one widely followed industry consultant said it will take up to two years to clear out the stored inventory of narrowbody aircraft and fuselages.
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