China Eastern Airlines and Air China are likely to add flights between Shanghai and London, following a notice of intended decisions in their favor by the Civil Aviation Administration of China (CAAC).
Florida-based LCC Spirit Airlines reported a 2019 first-quarter net income of $56.1 million, reversed from a net loss of $44.9 million in the year-ago quarter.
Garuda Indonesia reported a net profit of $19.7 million for Q1 2019; concurrently, the Indonesian stock exchange (IDX) said it would summon the management of the Indonesian flag carrier after two major stakeholders questioned the 2018 financial report and refused to sign the final version of the report.
Problems with an unidentified supplier forced Moog, a provider of aerospace and defense fluid controls and systems, to report a $9 million charge in its fiscal second quarter of 2019.
French aircraft engine maker Safran said it is ready to adapt to the Boeing 737 MAX situation as it reported “very strong” 12.6% organic revenue growth in the first quarter of 2019.
CMC Electronics has received supplemental type certification from Transport Canada to install a satellite-based approach sensor unit on Boeing 737NG airliners.
Japan’s All Nippon Airways (ANA) recorded a ¥110.7 billion ($998.3 million) profit for fiscal 2018, down 23% year-on-year (YOY); ANA earned ¥1.97 trillion in fiscal 2017.
General Dynamics chairman and CTO Phebe Novakovic indicated she did not believe ongoing issues surrounding the Boeing 737 MAX are impacting FAA’s certification of the Gulfstream 600 business jet.
Light deliveries of business jets and further delays on major rail projects forced Bombardier on Apr. 25 to warn investors of softer first-quarter financial results and to cut its 2019 outlook.
Groupe ADP increased its 2019 traffic forecast for the Paris airports it operates as overall group traffic edged up 0.4% in the first quarter to 58 million passengers, held back by a decrease in domestic traffic at the Turkish airports run by TAV Airports.
A trio of unusual events took a toll on Southwest Airlines’ first-quarter (Q1) financial performance and is driving unit costs up, but long-term fundamentals remain strong, as does the airline’s confidence in the beleaguered Boeing 737 MAX.
Latvian carrier SmartLynx Airlines has secured an air operator’s certificate (AOC) for its new Maltese airline, which it will use as a platform for further growth.
FAA is projecting passenger growth for U.S. carriers will advance at an average annual rate of 1.8% over the next 20 years—about 0.1% lower than last year’s forecast—increasing by 48% or roughly 424 million passengers by 2039.
The Pratt & Whitney PW1100G-powered Airbus A319neo made its first flight Apr. 25, starting a flight test campaign that is to be completed before the end of the year.
German cabin interiors specialist Recaro Aircraft Seating is aiming to become the leading business-class seating supplier, after posting 15 years of double-digit revenue growth.
African LCC fastjet expects to post a $41.2 million operating loss for 2018, nearly four times its $11.2 million prior-year loss, deepened by $23.9 million in one-off impairments from its December 2018 capital increase.
Airlines continue to improve their handling of checked bags, getting more bags to the right destination on time even as the number of airline passengers grows each year—the key finding in SITA’s 2019 Baggage IT Insights report, released Apr. 24.
Hong Kong Airlines is offering its pilots transfers to alternative airlines as it faces a pilot surplus related to the delayed delivery of its Airbus A330 and A350 aircraft.
Norwegian Air Shuttle reported a widening first-quarter loss and said it was still assessing the financial impact of the grounding of the Boeing 737 MAX, estimating it could cost the airline up to NOK500 million ($57.5 million) in 2019.
FAA is targeting May 23 for a meeting of global regulators to discuss finalized updates to Boeing’s 737 MAX flight control system. The gathering is expected to include regulators from around the world.
The top official responsible for negotiating international aviation agreements at the U.S. Department of Transportation (DOT) said the administration is “moving cautiously” to address concerns that Qatar and UAE are engaging in anti-competitive business practices with their flagship carriers.
