Air France-KLM says premium transatlantic demand is holding up but that it is having to adjust to a slowdown in economy sales by “cautiously” lowering prices.
AAPA Director General Subhas Menon flagged the possibility of a softening on passenger and air cargo demand in the coming months due to the U.S. tariffs.
Finnair has decided to cancel 230 flights this summer as a result of ongoing industrial action, which is expected to cut 5% from the airline’s full-year ASKs.
Beijing has chosen to exempt some aircraft parts from import tariffs introduced as part of the escalated trade conflict with the U.S. according to Safran's CEO.
Facing an uncertain economic environment, American Airlines is calling for policies and action that spur demand for travel, both domestically and abroad.
The outlook for the months ahead was not good as nearly all carriers revised their capacity plans downward on the expectation that demand would trend softer.
CFM International's transatlantic nature may wreak havoc for the joint venture partners GE Aerospace and Safran Aircraft Engines if the trade war materializes.
By Joe Anselmo, Michael Bruno, Matthew Fulco, Steve Trimble, Lindsay Bjerregaard, Lee Ann Shay, James Pozzi, Christine Boynton, Lori Ranson, Jens Flottau, Helen Massy-Beresford
The new Trump tariffs and trade wars could indelibly alter the global aerospace and defense industry.
