Coronavirus

BOEING posted $537m net loss on $15.2b revenues in 1Q21 vs $628m loss on $16.9b in 1Q20; BCA revenues fell to $4.3b, driven by lower 787 deliveries

AERCAP had $228m net income on $1.1b in 1Q21 vs $280m on $1.2b in 1Q20, and ended quarter with owned/managed/committed fleet of 1,321 aircraft with

GENERAL DYNAMICS AEROSPACE earned $220m on $1.9b sales in 1Q21 vs $240m on $1.7b in 1Q21, and ended quarter with $11.9b backlog vs $13.3b a year ago

CHINA EASTERN AIRLINES posted RMB11.8b net loss in 2020 (vs RMB3.2b net profit in 2019) on 51.5% lower revenues.

AIRBUS and LUFTHANSA TECHNIK teamed to provide reversible Cargo-in-Cabin solution for A330. LHT owns STC and will provide the modification kits.

DUBAI INTL AIRPORT handled 5.75m pax in 1Q21, down 68% vs 1Q20.

Air Tanzania can expect financial support from Tanzania’s government after the flag-carrier recorded a loss of TZS60 billion ($26 million) during its fiscal 2019/20 period resulting in total losses over the past five years of TZS150 billion.

U.S. airlines welcome a turning point in the pandemic recovery.

While U.S. airlines expect a strong summer, the demand comeback will be much slower elsewhere.

Many predicted a huge spike in aircraft retirements when COVID-19 hit. But that didn’t happen.

As suppliers prepare for a presumed rebound in demand for parts and services to support global airline fleet activity, mitigating risk of inevitable future disruptions is top of mind.

More than a year into the COVID-19 crisis and with airlines still under unprecedented pressure, the question of airport slots is proving the adage that you can’t please all the people all of the time.

AMERICAN has secured $3.3b from US Treasury via Payroll Support Program 3 in exchange for stock warrants.

FINNAIR lost €143.2m in 1Q21 (vs €91.1m loss in 1Q20) on 80% lower revenues, ending quarter with €665.3m cash. It increased its savings target of

RYANAIR issued early release of its Summer 2022 schedule that includes >10,000 weekly flights to 500 destinations in Europe.

LAX handled 2.6m pax in March, down 20.5% vs March 2020.

American Airlines is on track to complete its long-running Boeing 737-800 cabin reconfiguration in the coming weeks, ensuring the entire fleet will be available to support the carrier’s growing summer schedule.

EMBRAER delivered 13 business jets (10 Phenoms/three Praetors) in 1Q21 vs nine (five Phenoms/four Praetors) in 1Q20.

EMBRAER delivered nine commercial jets (two E1s/seven E2s) in 1Q21 vs five (three E1s/two E2s) in 1Q20.

AEROCENTURY, CA received Bankruptcy Court authorization to continue to access funding and approval for marketing and sale procedures with respect to

AIRCASTLE extended $1b revolving credit facility with ten global financial institutions from June 2022 to April 2025.

JETBLUE had $247m net loss in 1Q21 (vs $268m loss in 1Q20) on 54% lower revenues. It ended quarter with $3.2b in cash.

COLLINS AEROSPACE earned $314m on $4.4b sales in 1Q21 vs $1.2b on $6.4b in 1Q20; and PRATT & WHITNEY earned $20m on $4b sales in 1Q21 vs $475m on $5

Thai AirAsia’s (TAA) parent company Asia Aviation Public Company Limited is planning to list the LCC on the Thai stock exchange as part of a move to accept a loan from an undisclosed investor.

Major airports across Europe need to face up to a looming shortfall in capacity from next winter as airlines continue to restructure their operations, Ryanair DAC CEO Eddie Wilson told delegates at Routes Reconnected.