Boeing Co. recorded its first quarterly profit in nearly two years, the company revealed on Wednesday. This follows a prolonged period of financial difficulty for the aerospace company, during which time the coronavirus pandemic triggered one of the worst financial crises that the company has experienced since its founding...
With the demand for travel experiencing a drastic rise in recent times, Delta Air Lines confirmed recently that it expects to remain profitable for the remainder of the fiscal year. Furthermore, the Atlanta, Georgia-based airline revealed that it has exceeded estimates in its latest quarterly earnings. "The days of...
Airbus Chief Executive Officer Guillaume Faury stated during an interview on Sunday that he expects business air travel to return to its pre-pandemic levels shortly. Despite mass vaccine rollouts worldwide, concerns around business-motivated air travel remain, particularly with in-person business meetings being replaced by video conferences.
According to Faury, customers...
With the future of the largest U.S. aerospace manufacturer and exporter on the line, Boeing CEO Dave Calhoun now faces the challenge of rebuilding his company's sales in its core airliner business. Boeing is still suffering the detrimental impact of the coronavirus pandemic on air travel, as well as...
Ultra-low-cost carrier Avelo Airlines made its debut on Thursday, establishing its first base at Hollywood Burbank Airport just outside Los Angeles. With fares as low as $19, Avelo plans to offer flights between secondary airports along the West Coast of the United States.
With air travel dropping drastically since the...
Aerostructures manufacturer Spirit AeroSystems Holdings posted a quarterly loss on Tuesday, proving to be yet another aircraft manufacturer that has been hit by the slump in air travel caused by the COVID-19 pandemic. The company explained in a statement that this loss resulted directly from the reduction in aircraft...
While already the most shorted stock on the market, American Airlines Group Inc skyrocketed yet again after being mentioned on the Wall Street Bets forum on Reddit. This comes after GameStop Corp. stocks surged due to being the focal point of debate on the exact same forum.
American Airlines's rapid...
Following a lengthy hiatus, the Boeing 737 MAX aircraft is due to take to the skies once again, with American Airlines committing to feature this airplane in its flight schedule starting this December.
While the 737 MAX is yet to be recertified to fly, Wall Street is fairly optimistic about...
Delta Airlines publicly divulged its third-quarter financials on Tuesday, revealing an almost $5.4 billion loss on a net basis. This emphasized what CEO Ed Bastian called “the magnitude” of the effects that the coronavirus pandemic had on the airline industry.
While Delta met its expected total operating revenue of $3.1...