SpeedNews

SOUTHWEST AIRLINES announced that it priced public offering of $1b in senior notes (proceeds to repay debt) due in 2025.
Air Transport

AEROMEXICO lost MXP27.4b in 2Q20 (vs MXP1.1b loss in 2Q19) on 84.5% lower revenues. It filed Chapter 11 on June 30.
Air Transport

BOEING is slowing ramp-up in 737 production to gradually increase to 31 per month by start of 2022, reducing 777/777X production to two per month in
Aerospace

BOEING posted $2.4b net loss in 2Q20 (vs $2.9b loss in 2Q19) on 25% lower revenues; COMMERCIAL AIRPLANES had $2.8b operating loss (vs $4.9b) on 65%
Aerospace

HAWAIIAN AIRLINES lost $106.9m in 2Q20 (vs $57.8m net profit in 2Q19) on 91.6% lower revenues, and ended quarter with $761m cash. It also launched
Air Transport

ARSA conducted survey of FAA-certificated repair stations that found average year-over-year declines in revenue of 45.9% over first five months of
Business Aviation

ALITALIA plans to increase its international flight schedule by 7% in September and by 29% in October (to 1,630 weekly flights to 45 airports) vs
Air Transport

HEXCEL had $203.9m in Commercial Aerospace sales in 2Q20, down 51% vs 2Q19, citing start of inventory reductions in supply chain as partially
Aerospace

CRANE AEROSPACE & ELECTRONICS earned $20 in 2Q20 (vs $49m in 2Q19) on 23% lower sales; it has $506m backlog.
Aerospace

NETJETS is offering to reinstate all NetJets Europe pilots/cabin crew furloughed in April and is restoring portion of its European fleet to reach
Business Aviation

IATA reports year-over-year global pax traffic dropped 86.5% in June on 80.1% lower capacity, foreshadowing slower-than-expected recovery due to slow
Air Transport

AAPA reports year-over-year member traffic (RPKs) dropped 97% in June on 93.2% lower capacity; cargo was down 20.3% on 27.2% lower capacity. It adds
Air Transport

JETBLUE had $320m net loss in 2Q20 (vs $179m profit in 2Q19) on 90% lower revenues, and ended quarter with $3.4b in liqudity; its daily cash burn fell
Air Transport