CHORUS AVIATION had C$181m net loss, inclusive of a previously disclosed C$187m impairment on discontinued operations, on C$351m revenues in 2Q24 vs C$20.3m net profit on C$327m in 2Q23. It generated C$28.2m in free cash flow.
US DISTRICT COURT dismissed lawsuit under the Clayton Antitrust Act seeking to block merger between ALASKA AIRLINES and HAWAIIAN AIRLINES; deal, to close in mid-2025, still faces regulatory review by US Department of Justice.
FUTURE FLIGHT GLOBAL signed MOU with Archer Aviation for planned purchase of up to 116 Midnight eVTOL aircraft worth up to $580m to launch air taxi services in several global markets, increasing Archer's indicative orderbook to $6b.
CANADA JETLINES announced resignation of four key executives, including its Chief Executive Officer, while emphasizing the need to secure additional capital to continue operations; Board is actively seeking potential sources.
It may or may not be a coincidence that Elliott launched a proxy fight with Southwest just as the firm succeeded in a management shake-up at Starbucks.
The monthly 737 program production rate mismatch between Boeing and Spirit has created a buffer of nearly 130 fuselages awaiting shipment to the manufacturer.
The UAE-based LCC has deferred deliveries of its A320neo family aircraft on order to 2025 in hopes that the new engine technology on the aircraft will mature.
IndiGo has added a new route and additional frequencies to enhance international connectivity across states in South and Central India, starting October 2024.
