A4E Managing Director Rania Georgoutsakou discusses Russian overflight, contrails and other challenges European airline CEOs have on their desk this summer.
AVIANCA GROUP had $13m net income in 1Q24 on 16.4% higher y-o-y revenues (pax revenues +22.2%); it carried 9.3m pax, up 37.5% vs a year ago on 26.1% higher capacity and ended the quarter with 128 A320 Family aircraft and 13 787s.
AERCAP had $604.2m net income on $2b revenues in 1Q24 vs $435.3m on $1.9b in 1Q23; it has owned, managed and committed fleet of 3,427 aircraft, engines and helicopters. It repurchased 4.3m shares at average price of $77.89 each.
Large suppliers maintain cautious optimism that production-line struggles will be short-lived and are not a precursor to lower long-term production rate targets
Seeking to expand its Air Canada Express flying into the U.S., PAL Airlines has applied to the U.S. DOT for exemption authority and a foreign air carrier permit
While the four largest U.S. commercial carriers reported record-high operating revenues for the first quarter (Q1) of 2024, only Delta was spared a net loss.
Regional aircraft lessor TrueNoord has agreed to purchase eight aircraft from Nordic Aviation Capital, growing its fleet of turboprops and regional jets to 94.
