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Pijus Jauniskis

Embraer pushes back E175-E2 introduction to 2023

In a financial statement released on August 5, 2020, Embraer reported second-quarter losses and a steep drop in revenue, yet the company indicates that it remains in “a stable overall position.” However, the introduction of the E175-E2 was delayed due to the current situation in the market....


Valius Venckunas

Aeroflot revenue falls 85% in Q2, all hopes on domestic flights

Aeroflot, major Russian airline group, announced their second-quarter 2020 results, and they are on par with the rest of the industry with significant year-to-year revenue fall, 92% passenger turnover decrease and 26 billion rubles ($357 million) net loss....


Valius Venckunas

JetBlue announces $450m loss, revenue dropped by 90%

The United States-based low-cost carrier JetBlue was another American airline with unsurprising yet depressing news for their investors, as the company’s financial results for Q2 2020 indicated loss of revenue on par with the rest of the industry....


Edvinas Andrijevskis

Air New Zealand to report US$77.2 million loss for FY2020

New Zealand’s flag carrier Air New Zealand has come out and warned investors of a possible loss amounting to NZ$120 million (US$77.2 million) for the financial year of 2020 ending on June 30, 2020.The...


AeroNewsX

IndiGo to continue taking deliveries of A320neos despite Q4 loss

In what seems to be a gamble on the recovery of the aviation industry, IndiGo, India’s largest airline, has said that it will continue integrating new aircraft to its fleet, as well as taking delive...


AeroNewsX

Embraer announces Q1 2020 results

Brazil-based aircraft manufacturer, Embraer SA, released its financial results for the first quarter of 2020 (ending March 31st, 2020) on Monday, June 1st, 2020. The manufacturer’s revenue for the q...


Rytis Beresnevicius

Ryanair presents H1 FY2020 results, profit guidance

Ryanair, which has been under pressure amidst the 737 MAX groundings, has revealed its H1 2019 financial results. Surprisingly, compared to the same period last year, profits have stayed flat. Yet the group expects lower profits in the future....


Zivile Zalagenaite

Airbus lowers 2019 commercial aircraft delivery target

In the first nine months of 2019, Airbus saw incoming orders drop in half, while delivery results have increased. As a consequence, the planemaker has lowered its 2019 commercial aircraft delivery target. The Airbus A321neo ACF configuration remains a struggle. ...


Rytis Beresnevicius

Boeing presents Q3 2019 financial results, update on the 737 MAX

Boeing has announced its financial results for Q3 2019, including an update on the 737 MAX situation....


Rytis Beresnevicius

737 MAX groundings put pressure on Boeing deliveries in Q3 2019

Amidst an unprecedented crisis, Boeing's delivery results keep going down. In Q3 of 2019, the manufacturer completed the contracts for only 63 aircraft:...