- Delta Beats Profit Forecast on Strong Demand As Rivals Battle 737 MAX Crisis[Jan. 14, 2020]
Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted in part by customers it gained from rival airlines' 737 MAX cancellations and growing air travel demand.
- South African Airways Flights at Risk Without US$139 Million from Government: Union[Jan. 16, 2020]
South African Airways (SAA) could have to suspend some flights and delay salary payments if the government can't come up with a plan soon to provide the 2 billion rand (US$139 million) it promised the airline last month, a trade union official said on Wednesday.
- Boeing New-Plane Orders Hit 16-Year Low[Jan. 15, 2020]
Boeing's orders for new planes fell to a 16-year low in 2019 after two crashes of the 737 MAX killed 346 people and led to the worldwide grounding of the plane, costing the company nearly US$10 billion and its title as the world's largest aircraft manufacturer.
- Airbus Delivers Strong 2019 Commercial Aircraft Performance[Jan. 10, 2020]
Airbus SE delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by eight percent. In the 17th yearly production increase in a row, Airbus progressed on the transition to all NEO variants and by year end Airbus had delivered 173 wide-body aircraft, its highest number in a single year.
- Alitalia Bleeds Around EUR 300 Million a Year: Administrator[Jan. 08, 2020]
Struggling Italian carrier Alitalia is burning through its cash resources at the pace of around EUR 300 million (US$334 million) a year, its new temporary administrator Giuseppe Leogrande told members of a parliamentary committee.
- Asiana Airlines Gets a Breather[Dec. 30, 2019]
The news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling stake in loss-making carrier Asiana Airlines for KRW 2.5 trillion (US$ 2.2 billion) is a big relief for the carrier, according to data and analytics company, GlobalData.
- South African Airways Has Reasonable Chance of Survival - Rescue Specialist[Dec. 20, 2019]
South African Airways (SAA) has a reasonable chance of being saved from collapse, the specialists appointed to turn around the state-run carrier said on Friday.
- Italy Will Not Pour More Taxpayer Money into Alitalia: Minister[Dec. 21, 2019]
Italy will not pump more public money into Alitalia, Industry Minister Stefano Patuanelli said on Saturday, warning that the troubled airline could shut down by mid-2020 without a buyer.
- Two Ratings Services Downgrade Boeing Debt[Dec. 20, 2019]
Two US bond-rating services have downgraded Boeing's debt following the aircraft manufacturer's announcement that it will temporarily suspend production of the 737 MAX jet.
- South Korea's Jeju Air to Buy 51% Stake in Eastar Jet for US$59 Million[Dec. 19, 2019]
South Korean budget airline Jeju Air Co Ltd signed a preliminary deal to buy a 51% stake in unlisted low-cost carrier Eastar Jet Co for about 69.5 billion won (US$58.93 million), Jeju Air and its parent AK Holdings said on Wednesday.