ATSG had $3.3m net loss on $471m revenues in 3Q24 vs $17.2m profit on $523m in 3Q23; CAM earned $18.3m on $112.5m vs $23.3m on $109.7m and has 19 aircraft (eight 767s/six A321s/five A330s) in/awaiting freighter conversions.
AIR LEASE CORPORATION had $91.6m net income on $690m revenues in 3Q24 vs $122m on $659m in 3Q23. It ended the quarter with owned/managed/committed fleet of 836 aircraft (485 owned) vs 878 a year ago; it has placed 100% of its committed orderbook delivering through end of 2025/95% through 2026 and 63% of total orderbook through 2029.
Hot-section turbine blade availability continues to pace CFM Leap new-engine production rates, but supplier Howmet insists its output is keeping up with demand.
Archer says it has nearly completed construction of its mass-production facility in Covington, Georgia, where it plans to manufacture Midnight eVTOL air taxis.
International Airlines Group slightly trimmed its capacity outlook for the full year due to aircraft and engine delays but highlighted a strong Q3 performance.
Air New Zealand and Pratt & Whitney are expanding their joint venture engine maintenance center in Christchurch to add capability for GTF engine overhauls.
Greater Bay Airlines is expecting deliveries of its Boeing 737-9s to begin in the second quarter of 2025 to support its long-term network growth plans.
