Given the accounting change, Spirit Airlines now estimates it will recognize roughly $1.6 million of credits from grounded aircraft in the first quarter.
Capacity constraints will prevent a full recovery within Europe’s short-haul market this summer, dampening traffic growth but signaling higher yields for LCCs.
While Swiss International Air Lines works to mitigate the impact of GTF-related groundings, CEO Dieter Vranckx is looking ahead to what will replace its 777s.
The ULCC is mitigating the inspections' effects though aircraft lease extensions, taking contracted deliveries of new aircraft, and sourcing interim capacity.
An airline operator pre-working group will guide plans for the commercial blended wing body as subscale flight tests pave way for a multirole demonstrator.
MTU Aero Engines continues to seek financial compensation from its partner Pratt & Whitney after GTF-related costs led to the German company's first ever loss.
Will the tight engine leasing market ease in the next couple of years? Panelists at Aviation Week’s Engine Leasing, Trading & Finance Americas have their say.
The Mexican ULCC believes inspections of GTF engines will extend into 2026 despite the powerplant’s manufacturer Pratt & Whitney increasing shop capacity.
