General Electric’s push into additive manufacturing (AM) is reaping benefits for its aviation business and quickly emerging as a profit center, the company’s top executive reported.
A one-time non-cash gain related to late-year passage of the U.S. tax-reform law helped to lift JetBlue Airways’ net profit to $1.1 billion in 2017, the New York-based carrier said.
Alaska Air Group says its integration of Virgin America should be largely complete by early spring and is expected to deliver $65 million in synergies this year on its way to $200 million in 2019.
Southwest Airlines “turned the corner” on unit revenue growth in 2017, edging into positive territory for the full year, and expects momentum in revenue per available-seat-mile (RASM) to continue in 2018 with 1-2% year-over-year (YOY) growth in the first quarter, Chairman and CEO Gary Kelly said.
With almost 14,300 Leap engines on order and CFM56s continuing to be produced in larger numbers than forecast, CFM International says it aims to close a 4-5-week gap between planned and actual powerplant deliveries to Airbus and Boeing by the end of 2018.
WestJet said Jan. 25 it will move its nonstop seasonal service between Whitehorse, Yukon, and Vancouver, British Columbia, to Calgary International Airport (YYC) in Alberta, effective June 29.
The long-awaited opening of the intra-African air transport market is slated to become a reality on Jan. 28, when African Union (AU) heads of state plan to approve the final rulemaking after a renewed push for liberalization.
LCC Ryanair has launched its latest tool to drive ancillary revenues: Travel Credit, an incentive program that gives customers a 10% credit to spend on flights if they book their hotel rooms through the recently upgraded Ryanair Rooms website.
American Airlines Chairman and CEO Doug Parker has vigorously defended the carrier’s plans to expand system capacity 2.5% year-over-year in 2018, as he encouraged investors to distinguish among varieties of airline growth.
The FAA and U.S. Defense Department (DOD) have not approved any fixes to address security and operational risks to military aircraft associated with transmitting their positions by automatic dependent surveillance-broadcast (ADS-B) Out technology, the Government Accountability Office (GAO) has reported.
Airports Council International Europe has renewed its warnings about the risks of Britain’s planned exit from the EU, saying airlines are in the dark about what will happen.
ATR delivered eight aircraft to Iran Air in 2017, and plans to deliver a further 12 by the end of this year as part of Iran’s effort to replace its antiquated civil air fleet.
LCC Wizz Air’s Central and Eastern European backyard will continue to provide strong growth for the carrier, but the market’s durability is providing a lifeline for some airlines that should no longer still be in business, the carrier’s chief financial officer (CFO) said Jan. 24.
Avolon CEO Domhnal Slattery seeks to reassure the aircraft finance industry that liquidity issues at HNA Group are not impeding the lessor’s business, while other lessors say the group’s airlines are not showing signs of financial struggles.
Johan Lundgren, the new CEO of UK LCC EasyJet, has axed the role of chief commercial officer (CCO) and is prioritizing data after two months leading the airline.
As a major milestone in a long-term strategy to expand its customer base in North America, aerostructure specialist Daher has signed its first contract with Boeing, for thermoplastic composite components.
