JetBlue expects its aircraft on ground (AOG), as a result of the Pratt & Whitney geared turbofan (GTF) engine issues, to reach its peak in the next year or two.The company's CFO Ursula Hurley said in ...
Pratt & Whitney's GTF Advantage engine — an upgraded version of its baseline geared turbofan (GTF) PW1100G engine — is expected to receive Federal Aviation Administration (FAA) approval in the first h...
Passenger demand reached record levels in 2024, according to the International Air Transport Association's (IATA) full year report, published January 30, 2025.According to IATA, total revenue passenge...
An American Airlines jet has crashed into the Potomac River near Reagan National Airport outside of Washington, DC, after colliding with a US Army Black Hawk helicopter on the night of January 29, 202...
Allegiant's fourth quarter 2024 passenger numbers for its scheduled services declined 3.5% to 3.9 million. In addition, its full year passengers declined 2.2% to 16.8 million. Revenue passenger miles ...
Spirit Airlines has rejected Frontier's second proposal to merge the two US low-cost carriers, the airline revealed in an SEC filing on January 29, 2025. In a letter to Frontier, co-signed by Spirit C...
Azul has completed the restructuring of its obligations with nearly all bondholders, lessors, and OEMs, the Brazilian airline said on January 29, 2025. In addition, the company closed its previously a...
Aircastle priced its $500 million 5.250% senior notes due 2030 at an issue price of 99.171% on January 28, 2025. The issuers plan to use the net proceeds of the offering for general corporate purposes...
Carlyle Aviation Partners has issued the first commercial aircraft asset backed securities (ABS) of 2025 with the $518.3 million AASET 2025-1 on January 27, 2025.The issuance is split into two tranche...
Pratt & Whitney’s operating result swung to a profit of $2bn in full year 2024, up from an operating loss of $1.5bn in 2023. For the quarter, operating profit was up 32% to $504 million. Sales were up...
JetBlue reported a net loss of $795 million for the full year, or a loss per share of $2.30, widening further from $310 million in 2023, or a loss per share of 93 cents. For the fourth quarter, net lo...
Boeing reported an annual net loss of $11.83bn in 2024, widening significantly from $2.2bn net loss in 2023. The loss marks its second highest annual loss on record – behind its $11.94bn net loss in 2...
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