Finance and economy
3,248 news found
AirlinesHeathrow blackout costs IAG dearly: € 50 million impact on Group accounts
The fire had a significant impact on the financial results of the holding company that owns several carriers
The recent blackout that paralyzed London-Heathrow airport last March (see AVIONEWS) had a significant impact on International Airlines Group (IAG), the holding company that also includes major airlines... more
AirlinesIAG: 1Q results 2025, strong start to 2025
Outlook unchanged; adverse impact of the closure of Heathrow last March
IAG (International Airlines Group) unveils Q1 results 2025: strong start to 2025. Outlook unchangedHighlights: • Revenue growth of 9.6%, reflecting the strength of our business • Operating profit befor... more
AirlinesEmirates Group (4): sustainability for airline and dnata
Investments and initiatives, SAF, electric and hybrid vehicles
SustainabilityDuring 2024-25, the Group continued to invest and implement initiatives that help reduce its impact on the planet, increase engagement with communities, and develop and reward its people. Emirates... more
AirlinesEmirates Group (3): dnata performance
On the cargo front, it made significant investments
dnata performanceIt increased its profit before tax by 2% to AED 1.6 billion (US$ 430 million) in 2024-25, with all business divisions reporting a solid performance, and notable contributions from its... more
AirlinesEmirates Group (2): performance of the carrier and Skycargo airline
Destinations, aircraft delivery, transported passengers, investments
Emirates performanceIts total passenger and cargo capacity grew 4% to 60.0 billion ATKMs in 2024-25, recovering to near pre-pandemic levels.During the year it launched two new destinations - Bogotá and... more
AirlinesEmirates Group released its 2024-2025 annual report
Financial results and declarations by its President and CEO
The Emirates Group released today its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels. This outstanding performance places the Emirates Group as the most profitable... more
AirlinesAircraft. China Airlines bets on B-777X for long-haul routes and cargo
The carrier is the island's first customer for the new widebody: up to 23 units between passenger and cargo versions
China Airlines (CAL) announced today a major order for Boeing's new 777X airplanes, becoming the first Taiwanese carrier to acquire the latest-generation model. The deal includes 10 Boeing 777-9 passenger... more
AirlinesITA Airways: the BoD approves the 2024 Financial Statement Project
EBIT positive for the first time at 3 million euros
ITA Airways announces that the Board of Directors, in its meeting on March 27, approved the Consolidated Financial Statement Project for the 2024 financial year, whose main results are represented below: Revenues:... more
AirlinesAmerican Airlines takes JetBlue to Court: the two air carriers have a final breakup
The cause, the funds owed by the failed alliance attempt in the northeast
After unsuccessful negotiations for a new partnership, the Fort Worth-based carrier is taking legal action to recover outstanding amounts related to the Northeast Alliance, which a court has ruled illegal more
AerospaceAirbus reports First Quarter (Q1) 2025 results
136 commercial aircraft delivered
Airbus reported consolidated financial results for its First Quarter (Q1) ended 31 March 2025.The highlights are: 136 commercial aircraft delivered; Revenues € 13.5 billion; EBIT Adjusted € 0.6 billion;EBIT (repo... more
AirportsAntalya Airport: long-term refinancing of EUR 2.5 bn secured
Through international banking group
Fraport TAV Antalya Yatırım Yapım ve İşletme A.Ş., a joint-venture between Fraport AG and TAV Airports Holding for the operation of Antalya Airport (AYT) on the Turkish Riviera, has successfully compl... more
AirlinesDelta Air Lines speeds past tariffs: old strategy to dodge new A-350 tax
Import tariffs circumvented by turning a delivery flight into a commercial one
Delta Air Lines appears to be reintroducing a tried-and-true strategy to avoid costly import duties on European-made Airbus aircraft. The airline reportedly plans to receive a new A-350/900, subject to... more
AirportsTrieste Airport, 2024 financial statements approved by shareholders' meeting
The board of directors and president Antonio Marano were also confirmed
Trieste Airport is experiencing an important period of growth, strengthening its strategic role in the North-East of Italy. This was also confirmed by the 2024 financial statements, approved on 29 April... more
AirlinesCMA CGM finalizes acquisition of Air Belgium cargo operations
124 jobs out of 401 saved, including 72 pilots; brand preserved
The French maritime logistics giant expands its air division by taking over the cargo operations of the Belgian carrier that was officially declared bankrupt today by the Walloon Brabant Commercial Court more
AirlinesTurkish Airlines and Pegasus give up slots at Tel Aviv Airport
After the suspension of flights in 2023, today the farewell is definitive. Yesterday it was Virgin Atlantic that left
Turkish airport sources confirm the decision of Turkish Airlines and low-cost carrier Pegasus Airlines not to resume flights to Tel Aviv's "Ben Gurion Airport", permanently renouncing the slots (the time... more
AirlinesLufthansa Group: results in the 1Q announced
And confirmed positive outlook for the full year
The Lufthansa Group announced today the financial results regarding the 1Q.The highlights are: Group revenue rises by 10 percent to 8.1 billion euros in the first quarterAdjusted EBIT improves by 127... more
Civil aviationTrade tensions and Boeing plane delivery stop: China openly accuses US tariffs
Beijing: they are destabilizing the global air market, damaging the companies and the US manufacturer itself
The Chinese Ministry of Commerce has just released a harsh statement in which it directly attributes the recent block on deliveries of Boeing aircraft destined for China to the duties imposed by the United... more
AirlinesVietnam Airlines and Vietcombank sign MoU for purchase of 50 new aircraft
Strategic investment will modernize fleet and expand routes of Vietnamese carrier
The official signing ceremony of the Memorandum of Understanding (MoU) between the national carrier Vietnam Airlines and Vietcombank, one of the major banking institutions in Vietnam, was held yesterday,... more
Finance and economyBoeing reports first quarter results
B-737 production gradually increased in this period
The Boeing Company recorded first quarter revenue of $19.5 billion, GAAP loss per share of ($0.16) and core loss per share (non-GAAP) of ($0.49). The company reported operating cash flow of ($1.6) billion... more
AirportsHeathrow Airport: new routes and improving service drive strong start to 2025
Results for the three months ended March 31
Heathrow Airport had unveiled the results for the three months ended last March 31, 2025. The highlights are: Passenger demand remains strong – Passenger demand in the first quarter of 2025 remained lev... more
AirlinesAir India targets Boeing planes rejected by Beijing
The opportunity born from the US-China trade war is tempting, and Malaysians like it too
The Indian airline is considering purchasing more Boeing 737 Max aircraft originally intended for Chinese carriers, taking advantage of the fallout from cross-tariffs between Washington and Beijing more
Finance and economyBoeing to sell portions of Digital Aviation Solutions to Thoma Bravo for $10.55 Billion
Included asset of primary importance as Jeppesen, ForeFlight, AerData and OzRunways
The agreement includes also principles for data sharing and future collaborations to ensure continuity of operations under the new ownership more
AirlinesUS-China trade war: Boeing brings two planes destined for China back to Seattle
Beijing stops deliveries as announced
By now, we know, there is a trade war between the United States and China, which has a heavy impact on the air transport sector. On the other hand, Beijing had announced it (see AVIONEWS): the new duties... more
Civil aviationAircraft. US-Europe trade tensions: Airbus assesses impact on future plans
Confirmed CEO Guillaume Faury admits uncertainty, but production remains unchanged for now
Concerns remain over tariffs and the impact on demand and the supply chain. Statements made yesterday at the Airbus Annual General Meeting in Amsterdam more
Finance and economyTrade, the Asian front is consolidating: Xi Jimping is in Malaysia since yesterday
Chinese President strengthens axis with Kuala Lumpur: strategic agreements and challenge to US tariffs
After Vietnam, the visit will also strengthen the partnership with Malaysia in key sectors: industry (aerospace), Defense (military cooperation and technology exchange), trade. Tomorrow he will go to Cambodia more
Civil aviationBeijing reshapes its skies: stops new Boeing plane deliveries
Between duties and uncertainties, China turns towards Airbus and finances the rise of Comac
Thanks to President Xi Jinping's visit to Hanoi, Vietnam (and Vietjet) is also looking to the Chinese manufacturer for the construction of logistics centers on the territory more
AirlinesHistoric China-Vietnam contract boosts air connectivity and tech cooperation
45 agreements with focus on aviation, AI, infrastructure; MoU Vietjet-Comac for new aircraft
The agreement, still confidential, could lead to a significant expansion of Vietjet's fleet through the potential acquisition of Comac C-919 and ARJ-21 more
AirlinesVietjet signs deal with AV AirFinance (KKR), eyes additional 737 Max aircraft
New $300M financing to expand fleet; talks with Boeing despite missed deliveries
Vietnamese low-cost airline Vietjet announced today April 10 the signing of a financing agreement worth 300 million dollars with AV AirFinance, a partner of the investment fund Kkr. The agreement is aimed... more
AirlinesDelta Air Lines withdraws 2025 guidance on global uncertainty
It announces financial caution due to the worrying geopolitical and economic moment
Delta Air Lines has chosen to withdraw its 2025 guidance due to global economic uncertainty related to protectionist trade policies, such as those of President Donald Trump. This decision is particularly... more
AirlinesAustralia. Ferrovial's strategic expansion at Perth Airport
Infrastructure investments and growth for it that offers direct connections to Europe
Ferrovial, a Spanish company known for its role in the transport infrastructure industry, is considering the acquisition of Perth Airport in Australia, after selling its stakes in major British airports... more
Civil aviationUK bets on drones and flying taxis, investing over £20m
Focus on adoption of advanced aviation technologies: aim, improve public services; less emissions
The government expects air taxis to become a reality as early as 2028, thanks to a simplified regulatory path more
AirportsACI: airports save one million tonnes of CO2
Under ACA program, period May 2023-2024
Airports Council International (ACI) has today released the annual results on carbon performance and participation trends for its global carbon management standard for airports, Airport Carbon Accreditation.The... more
DefenseSweden and Netherlands step up military support for Ukraine
From Stockholm, aid for $1.6 billion and focus on air defense; from The Hague, $541 million and focus on drone aircraft
Sweden announced today a massive military aid package for Ukraine, allocating SEK 16 billion (about $1.6 billion). The decision, which is the largest Swedish contribution since the start of the conflict,... more
Civil aviationGE Aerospace to invest EUR 78 million in European manufacturing in 2025
Investment will support engine quality and delivery for customers
GE Aerospace announced today plans to invest more than € 78 million in its manufacturing sites across Europe during 2025.This strategic investment aims to increase overall capacity, expand key facilities, a... more
AirlinesIATA CO2 Connect Enhanced with SAF Accounting
It follows the recent publication - ATTACHMENT
The International Air Transport Association (IATA) has enhanced its IATA CO2 Connect emissions calculator to account for carbon emissions reductions related to the usage of Sustainable Aviation Fuel (SAF). ... more
AirlinesEthiopian Airlines, AfDB sign MoU for Bishoftu Mega-Airport
Nearly $8 Billion to transform Addis Ababa's Air Hub
On Saturday, March 15, Ethiopian Airlines Group officially signed a letter of intent with the African Development Bank (AfDB), marking a crucial step towards the construction of the new "Bishoftu International... more
Civil aviationBargain acquisition: Chinese company buys German Volocopter
Start-up specialized in air taxis eVtol, now bankrupt - VIDEO
In recent days, China's Zhejiang Wanfeng Auto Wheel has confirmed the acquisition of German start-up Volocopter, one of the most promising in the European eVtol (electric Vertical take-off and landing)... more
AerospaceAvio: BoD approves Group's results
Vega C back to orbit, strong growth in defense business
The Board of Directors of Avio SpA yesterday reviewed and approved the consolidated results of the Company as of December 31st, 2024.HighlightsBacklog and revenues above GuidanceSuccess for Vega last flight,... more
Finance and economyLeonardo BoD (2): industrial plan update
The highlights - ATTACHMENT
The Board of Directors of Leonardo, under the chairmanship of Stefano Pontecorvo, unanimously approved the update of the Industrial Plan for the period 2025-2029. The company presents today to the financial c... more
Finance and economyLeonardo BoD: FY 2024 results and guidance 2025 approved
Orders € 20,9 bn - ATTACHMENT
The Board of Directors of Leonardo, convened today under the Chairmanship of Stefano Pontecorvo, examined and unanimously approved the full year 2024 results. Results FY 2024New Orders increased to €20.9 b... more
DefenseExtraordinary European Council says yes to "Rearm Europe", von der Leyen's plan
For Kiev, a 5-point package of measures has been approved. But without Hungary's approval - ATTACHMENT
The extraordinary summit of the European Council, which also saw the presence of Ukrainian President Zelensky, concluded yesterday evening in Brussels, during which decisive measures were adopted on two... more
AirlinesAir France-KLM Group: full year 2024 results
4Q, FY 2024 and outlook
Air France-KLM Group published today its financial results about full year 2024.The highlights are: Strong finish of the year leading to a Full Year operating result at €1.6 billion and margin at 5.1%Q4 20... more
AirlinesLufthansa Group: financial results for 4Q and 2024
Fast integration of ITA Airways - ATTACHMENT
Lufthansa Group unveiled the results of the 4Q and 2024.The highlights are: it increases its fourth-quarter profit by 66 million to 468 million euros and it generates an operating profit of 1.6 billion... more
AirportsEU’s 2027 deadline for operating aid puts regional airports at risk
Extension needed to protect vital air connectivity
ACI EUROPE today responded to the European Commission consultation on the revision of Aviation State aid Guidelines on behalf of the European airport community, reiterating that operating aid to Europe’s r... more
Finance and economyAirbus publishes agenda for 2025 Annual General Meeting
It will take place in April 15
Airbus has published the agenda for its Annual General Meeting (AGM) taking place on 15 April 2025 in Amsterdam. Proposed resolutions include the renewal of Chief Executive Officer Guillaume Faury’s B... more
Civil aviationArena invests in cleaner and greener Australian skies
With up to 10.4 million in funding for two projects
The Australian Renewable Energy Agency (ARENA) is supporting cleaner Australian skies, with up to $10.4 million in funding for two projects from its Sustainable Aviation Fuels (SAF) Funding Initiative.The... more
Civil aviationEmbraer: results 4Q2024 and FY2024
The industry delivered 75 jets in the 4th quarter
EMBRAER unveils results 4Q2024 and FY2024.The highlights: Guidance for 2025: Commercial Aviation deliveries between 77 and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft.... more
AirlinesITA Airways: code-share flights with Lufthansa Group Airlines
The carrier announced the launch of ticket sales
ITA Airways, the Italian reference carrier, announces the launch of ticket sales for code-share flights with five airlines from the Lufthansa Group (Lufthansa, SWISS, Austrian Airlines, Brussels Airlines,... more
AirlinesFlydubai announced financial results 2024
It carries 15.4 million passengers
Flydubai reported today record-breaking annual results for its financial year ending 31 December 2024.The Dubai-based carrier marks its strongest-ever financial performance in its 15-year history, reporting... more
Finance and economyP&W awarded F119 engine contract for USAF's F-22 aircraft fleet
A three year agreement valued up to USD 1,5 bn
Pratt & Whitney, an RTX business, secured a three-year contract valued up to $1.5 billion to sustain F119 engines, which power the US Air Force's F-22 fighter jets. The agreement will improve readiness... more