New Boeing CEO Aims for Leaner Operations Amid $6B Loss
Boeing’s new CEO, Kelly Ortberg, has outlined an ambitious vision for a leaner future as the company grapples with a… Read More »
Qantas Expects No Customer Impact from Planned Engineers’ Strike
Qantas Airways announced on Friday that it does not anticipate disruptions to customer services due to an ongoing strike by… Read More »
Qantas Raises Revenue Forecasts, Shares Reach Record High on Strong Demand
Qantas Airways has increased its first-half domestic revenue expectations, driven by strong travel demand in Australia. The airline, led by… Read More »
Embraer CEO Discusses New Aircraft Development Plans
Brazilian aircraft manufacturer Embraer is exploring the possibility of developing a new jet, as CEO Francisco Gomes Neto revealed in… Read More »
Spirit AeroSystems to Furlough 700 Amid Boeing Strike
Spirit AeroSystems, a key supplier to Boeing, announced plans to furlough approximately 700 employees as the machinist strike at Boeing… Read More »
Southwest Airlines and Elliott Reach Deal to Keep CEO
Southwest Airlines has entered into a significant agreement with activist hedge fund Elliott Investment Management, successfully averting a potential proxy… Read More »
American Airlines Boosts 2024 Profit Forecast Amid Losses
American Airlines has announced a third-quarter loss but has simultaneously raised its profit forecast for the year, signaling that its… Read More »
Southwest Airlines Exceeds Profit Estimates, Sees Q4 Revenue Growth
Southwest Airlines has reported a third-quarter profit that, while lower than the previous year, surpassed Wall Street expectations as the… Read More »
Boeing’s Starliner Faces $1.85 Billion Loss Amid Persistent Delays and Issues
Boeing’s CST-100 Starliner program has reached a significant financial toll, with the aerospace giant now facing $1.85 billion in losses… Read More »
Spirit AeroSystems’ Losses Widen as Cash Reserves Drop Amid Boeing Strike
Spirit AeroSystems reported mounting losses in its third-quarter earnings, with net losses reaching $217 million, more than double the $101… Read More »
Frontier Airlines Eyes New Bid for Spirit Airlines
Frontier Airlines is reportedly considering a renewed bid for Spirit Airlines, according to a recent article by the Wall Street… Read More »
Joby Aviation Launches $200M Stock Offering to Fund 2025 Air Taxi Rollout
Electric air taxi startup Joby Aviation has launched a $200 million public offering to support its goal of rolling out… Read More »
Carnival Cruise President Skydives for Hurricane Relief
Carnival Cruise Line President Christine Duffy took a thrilling leap this week, skydiving over Tampa Bay to raise funds for… Read More »
Boeing Machinists Reject Labor Deal, Extend Strike
Boeing machinists have voted against a new labor contract, resulting in an extended strike that has now lasted over five… Read More »
Spirit Airlines Extends Debt Deadline to Avoid Bankruptcy
Spirit Airlines has successfully secured a short-term extension for its debt repayment deadline, buying the low-cost carrier more time to… Read More »
Boeing Machinists Vote on Proposal for 35% Raises to End Strike
Boeing and its machinists’ union have announced a new contract proposal that could potentially end a strike lasting more than… Read More »
SpiceJet Cleared from Enhanced Surveillance by DGCA
India’s Directorate General of Civil Aviation (DGCA) has lifted the enhanced surveillance regime imposed on SpiceJet (SG, Delhi International) in… Read More »
FTC Implements $51,744 Fine for Writing or Buying Fake Online Reviews
The Federal Trade Commission’s (FTC) new ban on writing, buying, or selling fake online reviews is now in effect. The… Read More »
Qantas Liable for A$150mn Compensation Payment to Ground Workers
The Australian Federal Court has ruled that Qantas Airways must pay compensation for the unlawful dismissal of 1,683 ground workers… Read More »
United Airlines Expands A321neo Fleet with New Leases
United Airlines (UA) has announced a significant expansion of its fleet, entering into new lease agreements for forty A321neo aircraft,… Read More »
Embraer Sees 33% Surge in Aircraft Deliveries
Embraer is experiencing a robust sales year, returning to NBAA-BACE with a notable nearly 50% increase in third-quarter business jet… Read More »
Ontario Airport Completes Major Runway, Taxiway Upgrade
Ontario International Airport (ONT) in Southern California has completed a major $90 million airfield upgrade aimed at enhancing safety and… Read More »