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Magazine Issue

Aviation Daily, August 4, 2014

VOL. 397 NO. 24 August 04, 2014

Industry Data

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U.S. Airline Employment

Aug 04, 2014
View the PDF

Airframers/Suppliers

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Bombardier 2Q net profit falls 14% to $155 million

Aug 04, 2014
Bombardier booked 18 net orders for commercial aircraft in the three months ending June 30, a 48.6% drop-off from the 35 commercial aircraft net orders in the prior-year quarter, the company told analysts during its second-quarter earnings call.
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Embraer Earns $147 Million 2Q Net Profit

Aug 04, 2014
Embraer posted a second-quarter net profit of $146.7 million on a 12.8% rise in revenue to $1.76 billion, reversing a $3.8 million net loss in the 2013 June quarter.

MRO

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Competition Among Factors Stunting Lufthansa Technik’s Growth

Aug 04, 2014
More intense competition and careful airline aftermarket spending helped Lufthansa Technik’s year-over-year sales fall in the second quarter, breaking a one-year streak of quarterly growth. “Disproportionate growth in MRO capacities and airlines’ persistently tight financial situations are leading to consistently high pricing pressure in the MRO business,” LHT explained in analyzing its second-quarter results. “Moreover, the market stays affected by consolidation activities of both customers and competitors.”

Airlines

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ANA Remains Open To Myanmar Investments

Aug 04, 2014
While All Nippon Airways has pulled back from buying part of Myanmar’s Asian Wings Airways, the carrier says it is still interested in investing in that market. ANA will continue to seek possible business opportunities in airlines and airline-related businesses in Myanmar, an airline spokesman said. Despite the decision to cancel its investment in AWA, “we still realize that the potential for growth in Myanmar is high.”
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Lufthansa ‘Unhappy’ With Second-Quarter Results

Aug 04, 2014
Lufthansa Group will stick to plans to reduce capacity growth to offset the yield erosion, following a disappointing performance in the second quarter, when operating profit tumbled 17% on the year-ago period, net profit fell by a third and total revenue inched down 1.7%. Operating profit reduced to €359 million ($481 million) and net profit came in at €173 million on total revenue of €7.7 billion.
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Lufthansa Suspends Iraq Overflights

Aug 04, 2014
Lufthansa Group will stick to plans to reduce capacity growth to offset the yield erosion, following a disappointing performance in the second quarter, when operating profit tumbled 17% on the year-ago period, net profit fell by a third and total revenue inched down 1.7%. Operating profit reduced to €359 million ($481 million) and net profit came in at €173 million on total revenue of €7.7 billion.
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Hainan Airlines Sees More Than 20% Fuel Gain From 787

Aug 04, 2014
BEIJING — Boeing 787-8s with General Electric GEnx engines have delivered an improvement in fuel economy of more than 20% by replacing Airbus A340-600s on transpacific routes, says Hainan Airlines, describing its experience with the new type after a year of operations. “Since Hainan Airlines introduced the 787 in July 2013, its performance in the market has been good,” says the airline. “Up to now, the load factor has been 90%. Passengers appreciate the smooth flight, quiet cabin and equipment that is easy to use.”
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IAG Buys 16 New Widebodies For Iberia

Aug 04, 2014
International Airlines Group (IAG) is acquiring eight Airbus A350-900s and eight A330-200s for Iberia Airlines, to replace the Spanish airline’s Airbus A340 fleet. The new aircraft will be delivered between 2015 and 2020. IAG CEO Willie Walsh said that the group decided not to order A330neos because “we wanted to get our hands on new fuel-efficient aircraft quickly. We would not have been able to secure A330neo before 2019-20. This is too late.”

Airports

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New Cambodian Airport Pushes International

Aug 04, 2014
The newly revamped Sihanouk International Airport in southern Cambodia has seen its first international flight, a Skywings Asia Airbus A320-200 flying out of Incheon in South Korea. The airport is aiming to tap into the expanding regional market for hard-to-access beachside tourist destinations along the northeast of the Gulf of Thailand.

In Brief

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Lufthansa Suspends Iraq Overflights

Aug 04, 2014
Lufthansa said it is rerouting flights over Iraq through Sunday, Aug. 3, as a “precautionary measure” due to security concerns. The decision, which applies to flights operated by Lufthansa, its cargo airline, Austrian Airlines and Swiss, is not expected to add significantly to flight times, the company said.
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Lufthansa Suspends Iraq Overflights

Aug 04, 2014
Lufthansa said it is rerouting flights over Iraq through Sunday, Aug. 3, as a “precautionary measure” due to security concerns. The decision, which applies to flights operated by Lufthansa, its cargo airline, Austrian Airlines and Swiss, is not expected to add significantly to flight times, the company said.

Calendar of Events

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Upcoming Events

Aug 04, 2014
To list an event, send information in calendar format to Donna Thomas at [email protected]. (Bold type indicates new calendar listing.) Aug. 12-14, 2014 – 11th Annual Latin American Business Aviation Conference & Exhibition, Sao Paulo, Brazil, www.abag.org.br/labace2014/eng/labace2014.html Sept. 7-10—2014 ACI-NA Annual Conference & Exhibition, Atlanta, Ga., http://annual.aci-na.org/

Aviation Week Conference & Exhibits

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AviationWeek Conferences & Exhibitions

Aug 04, 2014
You can now register online for Aviation Week events. Go to www.aviationweek.com/conferences or contact: Lydia Janow, 212-904-3225 or 800-240-7645 ext. 5 (U.S. and Canada only) Oct. 7-9—MRO Europe, Madrid Spain Nov. 4-6—MRO Asia, Singapore Nov. 19-20—A&D Programs, Wigwam Resort, Liltchfield Park, Ariz.