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Before the pandemic, Southwest Airlines was profitable for 47 consecutive years—navigating through the economic challenges of the 1970s, deregulation, the aftermath of 9/11, and the Great Recession. While other airlines faced bankruptcy multiple times, Southwest was esteemed by the market as a well-managed and popular company.
Bell Textron Inc., a subsidiary of Textron Inc. (NYSE: TXT), announced today the signing of a purchase agreement for a SUBARU Bell 412EPX helicopter with the Sarajevo Canton Ministry of Interior. This acquisition marks the establishment of the agency’s first helicopter unit, intended to support medical transport, citizen evacuation, and assistance during natural disasters and incidents.
Boeing announced today it has named former Rockwell Collins executive Kelly Ortberg as its new president and CEO. The appointment follows a monthslong search to replace Dave Calhoun, who announced earlier this year he would step down by year-end. Board Chair Larry Kellner also stated he would not stand for reelection.
The International Air Transport Association (IATA) released data for June 2024 global passenger demand with the following highlights:
In his initial question and answer session with employees after assuming the role of CEO at American Airlines, Robert Isom emphasized the importance of stringent cost control. Two and a half years ago, amid disappointing second-quarter earnings and projections of no profit in the third quarter, Isom highlighted that while revenue issues are fixable, he takes pride in their cost management.
Air France has welcomed over 9,000 accredited guests representing more than 150 nationalities on board its aircraft for the Paris 2024 Olympic and Paralympic Games. As an official partner of the event, Air France has been preparing for weeks to accommodate sports delegations, media, and fans.
Neste will provide up to 1 million gallons (3,000 metric tons) of Neste MY Sustainable Aviation Fuel to United Airlines for use at Chicago O’Hare International Airport (ORD) in the U.S. through the end of 2024.
Starting August 1, 2024, Air France, in collaboration with Mediawan, will offer a new episode of the French animated series "Miraculous™" exclusively on its long-haul flights. This initiative aims to provide young travelers and their parents with unique in-flight entertainment.
Teleport and Wiremind signed a SKYPALLET implementation contract on June 1, 2024, following a successful Proof of Concept trial. The stepwise roll-out of the original SKYPALLET software version is now underway, with a subsequent SKYPALLET Version 2 deployment phase planned as soon as the product is launched later this year.
Lufthansa Technik had a mixed economic picture after the first half of the year. While the global market leader in aircraft maintenance, repair, and overhaul (MRO) once again achieved a record result for the period from January to the end of June thanks to a very strong second quarter, the company is also experiencing strong pressure on the aviation industry as a whole.
Delta and United Airlines have suspended service to Tel Aviv amid rising tensions between Israel and Iran, Hezbollah, and other Iranian-backed groups. This decision follows Israel's recent strike on Hamas leader Ismail Haniyeh at his residence in Tehran.
The company behind the only remaining candidate in the FAA-driven Piston Aviation Fuel Initiative (PAFI) process to create a high-octane unleaded replacement for 100LL says it’s impossible, according to Aviation Week. “There is no such thing as a drop-in unleaded fuel to replace 100 [LL],” Dan Pourreau, business development manager with LyondellBasel Industries, told the publication. “We thought initially we were going to be able to do that, but we discovered we can’t do that either.” Pourreau said paper and technical modifications will be required on some engines to allow...
FARNBOROUGH — Amid ongoing issues of overconsolidation, production problems, and quality concerns in the seatmaker and supplier industry, TCI Aircraft Interiors has expanded into the business class seat market. This move is anticipated to be well-received by airlines. Interest in TCI's new Crystal business class mockup was notably high at the Farnborough Airshow. Runway Girl Network interviewed Ahmet Ozyilmaz, TCI’s strategy and marketing manager, for more details.
JetBlue reported a surprising $25 million profit in the second quarter, which led to a 20% increase in its stock price during early trading. This uptick reflects market sentiment that values profitability over growth for the airline industry, given JetBlue's historical underperformance.
Ukraine is managing expectations as the first F-16s enter service with its air force in the coming weeks. Only six Ukrainian air force pilots have been fully trained to fly the Vipers, and Ukraine is expected to take a conservative approach to their deployment. According to the Washington Post, the initial F-16s will likely be used in defensive roles rather than engaging with Russian MiGs and Sukhois. The operating restrictions imposed by NATO countries donating the aircraft are still unknown.
The Experimental Aircraft Association (EAA) reported today that last week’s AirVenture Oshkosh event set records for attendance and commercial exhibitors. Continuing to recover from COVID-19 challenges, the weeklong celebration of general aviation has surpassed pre-pandemic numbers.
Astrophysicist, visionary, and best-selling author Neil deGrasse Tyson will deliver the keynote address at the opening session of NBAA-BACE on October 22 in Las Vegas. Tyson's speech is part of his cross-country tour, which includes numerous sold-out engagements. He is a frequent source for news outlets on astronomical phenomena and has a significant following on social media.
Two stalwarts in aviation lighting technology, Whelen Aerospace Technologies (WAT) and AeroLEDs, have joined forces. With a 70-year track record in the industry, WAT has announced an agreement to acquire “substantially all assets” of AeroLEDs LLC. According to the WAT statement, “This deal represents more than just a business transaction; it signifies the union of two like-minded entities dedicated to understanding and prioritizing the needs and values of the aviation community.”
AOPA has announced that its dual-fuel Beech Baron will remain in Oshkosh so mechanics can investigate stains discovered under the left wing during its display at AirVenture last week. The aircraft is being utilized as a test bed to compare the performance of General Aviation Modifications Inc.’s (GAMI’s) G100UL unleaded avgas with 100LL. The stains were found on the wing housing the tank containing G100UL, but it remains undetermined if they are fuel-related.
Volato, an operator of one of the world's largest fleets of HondaJets, has expanded its fractional ownership program fleet with the addition of the super-midsize Gulfstream G280. The company announced its order for four of these twinjets two years ago and expects to take delivery of its first G280 next week.