Uganda Airlines will launch service between its Entebbe International Airport (EBB) base and Abuja, Nigeria, flown 2X-weekly with Airbus A330-800 aircraft.
Manufacturers need to update operational capabilities and schedules to manage the commercial aircraft industry through its supply and demand misalignment.
SAUDIA GROUP ordered 50 Lilium Jets and optioned 50; deal includes schedule of deposit and pre-delivery payments, timeline of future deliveries, guarantees on aircraft performance, and provisions on spare parts, maintenance, and repairs.
ALASKA AIR GROUP had $220m net income on $2.9b revenues in 2Q24 vs $240m on $2.8b in 2Q23. It also announced major expansion of first and premium cabins, which includes adding RECARO seats and COLLINS lavs, on >200 737s.
UNITED AIRLINES had $1.3b net profit on $15b revenues in 2Q24 vs $1.1b on $14.2b in 2Q23; it has $18.2b of available liquidity. It operated its largest schedule in its history, with the highest number of daily departures at nearly 2,700.
United Airlines sees industry rationalization beginning to play out as it plans cuts to its own domestic capacity and reaffirms its guidance for the full year.
Alaska Air Group executives are stressing the company’s guidance of elevated unit costs excluding fuel for the second half of the year is not a new normal.
Some leading air taxi startups are contemplating next steps in terms of developing better-performing aircraft for expanded mission sets in the next decade.
Word from Hexcel that it is cutting full-year guidance based largely on lower commercial production rates could be a harbinger, analyst commentary suggests.
Icelandair reported a second quarter (Q2) net profit of $0.6 million, versus $13.7 million in Q2 2023, negatively affected by softer demand to Iceland.
