Boeing results for the fourth quarter published on Wednesday haven’t met expectations of the analysts. Company reported expenses caused by suspension of the sales of the airplanes of 787 Dreamliner family. Total Boeing income fell by 3% as compared to the same period of 2020 and made 14.79 billion USD. Aviation company has also reported operational loss in amount of 7.69 USD per share. At…
Airbus broke many-billion contract with one of the biggest customers – Qatar Airways by cancelling deliveries of 50 airplanes A321neo because of the scandal with another model. Qatar Airlines has criticized external coating of wide-body airplanes Airbus A350 asserting that they are subject to “fast degradation of the coating” (it is presumed that it is about the paint that is applied on the board), “parked”…
According to the Transportation Safety Administration traffic in the airports has recently made about 85% from before-pandemic levels recorded at the end of 2019. Figures were not so high as on the weekend of Thanksgiving Day (almost 90%) but though they are higher than investors anticipated. These encouraging tendencies, however, cannot hide the fact that for the investors of the airline company not for the…
Tariff reduction Goldman Sachs has reduced recommendation on the Southwest Airlines stocks (NYSE:LUV) from “to sell” to “neutral” and reduced their 12-months target price to 36USD from 59USD even taking into consideration increase of cost efficiency. Analysts show in review for the customers: “Due to current inflation return to profitability will be slower than generally in the industry as positive influence of these initiatives on…
Stocks of the airline companies finished 2021 year under the sign of uncertainty. “Omicron” appearance puts in question perspective of their growth again but they just started to recover after one of the strongest falls of air traffic volumes in the recent history. Exchange-traded fund U.S. Global Jets ETF (NYSE:JETS) during the last month lost more than 12%. Stocks of some biggest air carriers have…
Company delivered to the customers 611 airplanes (by 8% more as compared to 2020). Manufacturer received orders for 771 airplanes including “net orders” for 507 airplanes, total stock of orders made 7082 airplanes – informs Airbus press service. “Results of the deliveries of commercial airplanes in 2021 reflect determination and sustainability of Airbus team, Airbus customers, suppliers and key partners all over the world who…
Lufthansa airline company informed that they will make 18000 empty and half-empty flights in order to safe slots on take-off and landing due to requirements of the European Union. According to instructions in force airports have the right to cancel slots if air carrier haven’t used at least half of them. Before pandemic this index made 80%. Airline companies that bear losses due to the…
One of the reasons why this defect is so much spread in Qatar Airways is climate conditions in which the airplanes are operated in the region of The Persian Gulf for example significant differences of temperatures between parking and flight on the cruising level. The second problem – detachment of the paint from the fasteners – is also known in Boeing: American manufacturer faced this…
Manufacturer names these defects “cosmetic”. Qatar airline company Qatar Airways brought action against Airbus in the technology and construction section of the London High Court in order to solve continuing dispute concerning the defects in painting composite body of the airplanes A350 that are operated by Arabic carriers. “Unfortunately, all our attempts to reach constructive solution with Airbus concerning advancing degradation of the surface condition…
Latvian carrier will base in Finnish Tampere. Tampere, city oт the South of Finland with population 230 thousand people will become new base of Latvian hybrid carrier airBaltic. At present moment airline company operates from three base airports located in the capitals of Baltic states: Riga (Latvia), Tallin (Estonia) and Vilnius (Lithuania). In such a way, Tampere-Pirkkala (TMP) will become its first base outside Baltic…