Southwest Airlines recorded a net $159 million loss in the first quarter (Q1 2023), despite setting a record for the early year period with $5.7bn in reported revenue. The loss equated to 27 cents per...
American Airlines has returned to profit with a net income of $10 million for the first quarter of 2023, or $0.02 per diluted share, after revenue surged 37% year-on-year to a Q1 record of $12.2bn. “T...
Joby Aviation has signed a "long-term agreement" with Toyota for the Japanese car producer and Joby shareholder to supply "key powertrain and actuation components" for its electric aircraft. “Our part...
Evan Carruthers, chief investment officer of Castlelake, has been appointed the additional role of co-chief executive officer alongside Rory O'Neill, who has assumed the title of executive chair and c...
Spirit Airlines recorded a $103.9 million or 95 cents a share loss in the first quarter of 2023 (Q1 2023). "Excluding special items, adjusted net loss for the first quarter 2023 was $89.4 million, or ...
ITE Management (ITE), an investment firm focused on investing in critical real assets in the transportation and industrial sector, has appointed Steve Mason as the new managing director, head of aviat...
Vagner Finelli is joining Pittsburgh-based components maker Howmet Aerospace as president of Howmet Fastening Systems (HFS). Finelli was president and chief executive of Sigma Engineered Solutions, wh...
Virgin Atlantic is all set to resume its daily flights on Heathrow-Shanghai route starting May 1, 2023. Shanghai is Virgin Atlantic’s final route to be re-instated following the global pandemic. The a...
The Port Authority of New York and New Jersey has announced what it says is "the nation’s first-ever nonstop service to the Faroe Islands". The Atlantic Airways flights are to run once a week between ...
Embraer has reported the delivery of 15 jets in the first quarter of 2023, of which seven were commercial aircraft and eight executive. The results amounted to 7% growth compared to the same period o...
Boeing reported a first-quarter 2023 loss of $425 million, despite a 28% year-on-year Q1 2023 revenue increase to $17,9bn. The loss was an improvement on the $1.2bn recorded in Q1 2022. In Q1 2023, th...
Aircastle reported fourth quarter 2022-2023 net income of $14 million compared to a $216 million net loss in fourth quarter 2021 Revenue came to $189 million and adjusted earnings (EBITDA) $180 millio...
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