AIRASIA X (AAX) submitted listing application and the draft circular to Bursa Malaysia for proposed acquisitions of Capital A’s entire equity interest in AIRASIA AVIATION GROUP and AIRASIA BERHAD (AAB), due for completion in 2024.
ALLEGIANT AIR earned $47m on $649.5m revenues in 2Q24 vs $127.5m on $684m in 2Q23; it expects to take delivery of four 737-8200s by end of 2024 (first in September), increasing year-end fleet to 124: four 737s and 120 A320 Family.
SPIRIT AIRLINES had $193m net loss on $1.28b revenues in 2Q24 vs $2.3m loss on $1.43b in 2Q23; it has $1.14b liquidity. It launched cost saving initiatives that include rightsizing pilot/cabin crew via suspending recruitment/furloughs.
AERCAP had $448m net income on $1.96b revenues ($1.6b lease rentals) in 2Q24 vs $497m on $1.92b in 2Q23 and ended quarter with owned/managed/committed fleet of 3,492 aircraft, engines and helicopters vs 3,467 a year ago.
DELTA AIR LINES is estimating costs relating to CrowdStrike-Microsoft global tech outage in July will total $500m, which includes lost revenues, plus compensation and hotel costs, over the 5-day period. It plans to seek damages.
The self-service function covers the end-to-end processes of online check-in, travel document verification, bag drop, entering the security area, and boarding.
The advancement of business aviation in Africa is a focus at the 8th Aviation AFRICA Summit & Exhibition following the co-location AfBAA Symposium and AGM.
Wizz Air posted a dramatic drop in quarterly net profit, citing the airline’s ongoing impact from geared turbofan (GTF) engine-related aircraft groundings.
