US airlines’ March 2023 fuel costs down were 9.6% month-on-month, according to the government's Bureau of Transportation Statistics (BTS). The drop came as aviation fuel consumption exceeded that of M...
Brazilian aircraft maker Embraer reported $717 million revenues in the first quarter of 2023, 19% up on 2022 and "in line" with what it had forecast. The company reported "cash consumption" of $399 mi...
US carrier Frontier Airlines reported record first quarter 2023 revenue of $848 million but a loss for the period of $13 million. Revenue was up 40% year-on-year and resulted in a 19% increase in reve...
Vistra Ireland has announced the appointment of Brid Gurnett and Stephen McCormack, additions it said would position its capital markets aviation and securitisation businesses "for accelerated growth"...
Aircraft trading firm Jetcraft has announced a deal for its Jetcraft Commercial wing to buy 25 Bombardier CRJ-200 aircraft frames. Jetcraft said it would place ten of the airframes, with separately so...
Vertical Aerospace has reported a net operating loss of £23 million for the first quarter of 2023. The loss was a widening of the £18 million in Q1 2022 and reflected "investments in the advancement o...
Despite a net loss of around $113 million, electric aircraft developer Joby Aviation said it continued at the end of the first quarter of 2023 (Q1 2023) "to maintain a strong balance sheet with $978 m...
Spirit Aerosystems reported first quarter 2023 revenue of $1.4bn, up 22% year-on-year and "primarily due to higher production deliveries on the Boeing 737 program and increased defence and space reven...
Bristow Group reported revenues of $302 million for the quarter ended March 31 2023, down 11.6 million quarter-0n-quarter. The company, which "primarily provides aviation services to a broad base of o...
ZestIoT, an India-based IoT and AI powered aviation platform has secured $6.5 million in series A funding, led by IvyCap Ventures Pvt Ltd. The round also saw participation from Loyal VC, a global vent...
Airbus delivered 27 commercial aircraft delivered in the first quarter of 2023 (Q1 2023), contributing to reported revenue of €11.8bn and €800 million in earnings (EBIT adjusted). Consolidated net inc...
Jazeera Airways recorded a net profit of $7.48 million in Q1 of 2023 as compared to KD3.8 million in Q1 of 2022. Total revenue for the quarter reached KD48.3 million, up 35.2%, while operating profit ...
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