Boeing reported on Tuesday a higher-than-expected quarter loss, after taking a charge of $280 million on its troubled Air Force One Replacement Program. However, the company's turnaround plans have gained momentum. It took on the cost to deliver the two U.S. Presidential planes that were delayed in 2028. This contributed to a net loss of $428 million for the second quarter. According to LSEG, the core loss per share was 76 cents. This is a lower figure than the 30 cents analysts expected, but still higher than the $1.24 core loss per shares in the same time period last year....

Airbus has completed a marathon flight lasting more than 24 hours. The A350 jet, which is being 'developed for record-beating commercial flights' touched down in France on Tuesday. The test is a crucial step in Qantas Project Sunrise. It aims to launch one of the longest commercial passenger flights and revolutionize long-haul travel, by eliminating stopovers from Australia to Europe. The A350-1000ULR, specially adapted for the Australian airline's Sydney-London nonstop route is due to debut in 2027. Airbus has been testing the aircraft for two months since June. Airbus said the aircraft, which has a specially-designed extra fuel tank, was...

Boeing reported on Tuesday a larger than expected quarterly loss after taking a $280-million charge on its troubled Air Force One Replacement Program, but it generated positive free cash flow due to the progress of its turnaround plans. It took a 'charge' due to higher engineering cost to ensure that it delivered the two delayed U.S. Presidential plane replacements by 2028. This contributed to a net loss of $428 million for the second quarter. According to LSEG, the core loss per shares of 76 cents is worse than analysts' average expected loss of 30 cents per share, but narrower than...

JetBlue, the U.S. airline, reported an even bigger?loss in its second quarter on Tuesday. This was due to a'surge' in fuel prices after the war in Iran curbed oil supplies. The airline also announced a?long-term profit target of $1.00 per share by 2028. It cited benefits from its recent strategic overhaul. After the announcement of results, shares were up by about 1%. The Middle East conflict between the U.S. and Israel, as well as?Iran, has caused airlines to have difficulty in accurately forecasting earnings and jet fuel costs which make up roughly one-fourth of their operating expenses. After a June...

Singapore Airlines reported its first net loss since 2022 on Tuesday, due to losses at its 'associate Air India' and higher jet fuel costs because of the Middle East conflict. The flag carrier of the city-state posted a loss of S$76.79million ($58.79million) for three months ending June 30 compared to a profit last year of S$186.79million. The last time SIA posted a quarterly loss, it was during the pandemic in the fourth quarter of FY2021/22, which ended on March 31, 2022. This compares to the LSEG's estimate of a loss at S$4.3m. The airline's record revenue for the quarter was...

French jet engine maker Safran raised financial targets after posting stronger-than-expected ?first-half profits on Tuesday, driven by demand for spare parts on the widely ?used engines it supplies jointly ?with GE Aerospace. The French company said that aftermarket demand was a major factor in its record operating margin for the first half of 2018.4%. CFM, by far the largest jet engine manufacturer in the world by number of engines sold, reaps maintenance profits on its CFM56 jets, which continue to power thousands of aircraft despite the recent LEAP being used for narrow-body plane deliveries. Safran's?mid-year operating profit increased 29% to...

French jet engine maker Safran joined its partner ?GE Aerospace in raising financial targets after ?posting stronger-than-expected first-half profits on Tuesday. The French company said that strong demand for spares contributed to a first-half operating profit margin record of 18.4%. CFM, which is the largest jet engine manufacturer in the world by?numbers of units sold?, reaps maintenance profits on its CFM56 engines. These engines continue to power thousands planes, even though they have been replaced by the more recent LEAP jet engine for current narrow body deliveries. Safran's mid-year operating profit increased 29% to EUR3.24 billion ($3.68 billion), and revenue...

The U.S. Federal Aviation Administration announced on Monday that the seats of 'hundreds' of Boeing 737 MAX - registered aircraft in the U.S. - may need to be inspected in case they are incorrectly installed. The agency stated that if the seats are not fixed, they could cause injury to passengers or crew during an emergency landing, or even block the aisle, slowing an evacuation. The FAA proposed airworthiness directive released on Monday would "apply to" 453 jets registered within the United States. The FAA only has jurisdiction for U.S. airlines, but other regulators usually follow FAA directives when applicable....

The U.S. 'Federal Aviation Administration' announced on Monday that seats?on a large number of?Boeing 737 MAX aircraft registered in the U.S. had been installed incorrectly and needed to be repaired. The seats should be able to support passengers in an emergency landing. The FAA proposed airworthiness directive issued on Monday would be applicable to 453 jets registered in the U.S. The FAA did not specify whether international operators would also be affected. However, they typically follow FAA directives if applicable. In the proposal for an airworthiness directive, the agency stated that "certain passenger seat assemblies were not properly installed in?the...

Federal Aviation Administration (FAA)?said Monday that it would slow flights into three airports in the New York City region and Philadelphia International Airport because of?severe weather and a?staffing shortage for air traffic. Staffing problems at the New York Air Route Traffic Control Center affect flights at John F. Kennedy International, LaGuardia International and Newark Liberty International Airports. FlightAware reported that between 20 and 30 percent of flights at these four airports were cancelled. The FAA reported that ground delays range between 71 and 149 minutes. The FAA continues to try and address the persistent shortage of air traffic control personnel....

The head of the National Transportation Safety Board urged Congress on Monday to end a long-running standoff over competing safety measures in aviation and approve major reforms. Jennifer Homendy, the NTSB's Chairperson, said that "the board" had "provided a roadmap for improving aviation safety and reducing the risk of another mid-air collision." It's now time to take the action promised months ago." The U.S. House of Representatives voted in April 396-10 for a sweeping aviation reform bill that would address dozens of recommendations made after a collision between an American Airlines regional plane and a U.S. Army chopper in January...

Avincis, Europe's leading aerial emergency services company, warns that Europe is not prepared for longer and more severe wildfire seasons. The chief executive of the firm told? Avincis' chief executive told?treffenificaresprache?nemzeug vo Ihre ore the company's CEO John Boag stated that bureaucratic barriers and longer European wildfire seasons have caused regional shortages in both aircraft and experienced pilots. Boag, a helicopter pilot who began his career in Australia's outback herding?cattle in a Bell 47 chopper in 1985, said that "globally, fire seasons have been getting longer. Aircraft are not moving from area to area and it is becoming increasingly difficult...