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United Earnings Meet Expectations, But Fall 52%

On Tuesday, United Airlines posted a drop of 52% in its net earnings for its fourth quarter, but the air carrier met expectations on Wall Street thanks to better than had been expected bookings during both November and December. The airline, based in Chicago, posted net income of $397 million for its October through December quarter. That was down from one year ago during the same quarter when income was $823 million, but at that time fuel prices were even lower than now, which helped to spike profits. Earnings were $1.26 per diluted share, which... 
 

Air France to Launch No-Frills Airline For U.S. and Asia

Air France-KLM the Franco-Dutch carrier operator is planning to launch a medium- and long-haul airline, which could tap into a lucrative market that serves cities across the U.S. as well as Asia to regain market share that was lost to growing low cost competition and carriers in the Middle East. The new low cost airline will begin flying routes into Asia during the winter of 2017 and will take some of the less profitable service of Air France and operate them with lower salaried staff, said the company Thursday. The new business would transfer pilots... 
 

Delta’s Profit for Second Quarter Rises But Revenue Falls

Delta Air Lines posted profit for the second quarter that beat Wall Street expectations despite revenue that was lower. The company is planning to limit growth in an attempt to push its fares higher. Lower prices of fuel have been helping airlines earn large profits. The trend continued for Delta, which announced on Thursday that its net income for its quarter that ended in June reached $1.55 billion, which is up by 4% compared to the same period last year. However, airline shares have dropped in 2016. Delta shares started Thursday 22% down for... 
 

Boeing Announces Historic Deal with Iran Air

Boeing announced that it signed a landmark agreement with Iran Air to sell the airline new jetliners. This is the first major new deal between a company based in the United States and Iran since the sanctions related to the Islamic Republic’s nuclear program were lifted during the early part of 2016. Boeing did not say the number of aircraft that were part of this deal, but the state media in Iran said the flag carrier of the country would be receiving 100 new aircraft for their fleet. The new planes will help to modernize the fleet that is amongst... 
 

JetBlue Planning Mint Service Expansion After Losing Virgin America Bid

Despite JetBlue losing its bid to acquire Virgin America based in California, the airline is not giving up its battle for the Golden State’s high playing passengers. On Tuesday, JetBlue announced that it is planning to expand its transcontinental service known as Mint, at major destinations on the West Coast including Seattle, San Francisco, Los Angeles and San Diego. This news comes a week after Alaska Airlines parent company Alaska Air Group outbid JetBlue for Virgin America at a price of $2.6 billion. The proposed merger is expected to expand... 
 

Southwest Wants to Fly Out of Long Beach

Southwest Airlines appears to have won access to the capacity controlled Long Beach Airport, located just outside of Los Angeles. On Wednesday, the carrier announced both an interest and its application to add service from Long Beach, which would give the airline a fifth airport in the greater Los Angeles area and No. 10 in California. The development has come as reports from local media say city officials in Long Beach are expanding the access for commercial passenger aircraft at the airport, opening up 9 new slots pairs to airlines interested. A... 
 

Iran Buying 114 Planes from Airbus, Interested in Boeing

Iran is planning to purchases 114 aircraft from Airbus the plane maker based in Europe by as soon as this March. Iran is also looking for other aircraft deals, said two senior officials from the government on Sunday, as the country is finally emerging from international isolation and sanctions. The Islamic Republic might need up to 500 new aircraft over the upcoming three years, said one lawmaker at the first major Tehran post sanctions gathering of businessmen from around the world. The Republic’s Transport minister told journalists that Tehran... 
 

Southwest Airlines Sees Profit Soar on Fuel Prices

Southwest Airlines reported profit that close to tripled during the fourth quarter of 2015, as the company continued to soar thanks to inexpensive fuel and its fleet’s modernization. Southwest is the fourth largest U.S. airline by traffic and said its oil and fuel expense had dropped by 37%, as the average cost for fuel ended at $2.03 per gallon, in comparison to last year’s $2.62 price. Southwest and its airline peers in the U.S. have been reporting strong results the past few quarters, which is the result of less competition and less expensive... 
 

IAG and American Airlines Sign with LATAM Airlines on Joint Ventures

LATAM Airlines, headquartered in Chile has signed agreements for joint ventures to increase its ties to American Airlines and IAG’s Iberia and British Airways, which are all part of OneWorld Alliance in the airline industry. If the competition authorities clear the joint ventures, the agreements will help each airline to coordinate schedules as well as prices for their flight, similar to agreements of revenue sharing in the North Atlantic that exists already between American Airlines and IAG. Joint business agreements are a way airlines can help... 
 

Delta Beats the Street on Profit As Fuel Continues to Fall

Delta Air Lines posted a profit for the third quarter that beat estimates of analysts on lower cost of fuel and signaled a progress in regaining pricing power amidst pressure from rivals that offer discount fares. A revenue gauge showed improvement during the quarter from previous quarters, said Delta. While unit revenue continues to drop, Delta announced it would keep supply of available seats the same from the year before to match demand in travel. Delta rallied during early morning trading following the release of its earnings report, which is... 
 

Facebook to Use Satellites for Broadband in Africa

In its most recent quest to open up access to Internet to the developing markets Facebook partnered with Eutelsat Communications a satellite company based in France. Scheduled for launch during the second half of 2016, the initiative will use satellite technologies to help more Africans get online It will be using the upcoming $200 million AMOS-6 satellite a 5-ton satellite that Israel Aerospace Industries built. Eutelsat and Facebook said they would create a new system that is aimed specifically at bringing Internet connectivity to large areas... 
 

Alcoa Splitting Company into Two

On Monday, Alcoa Inc announced that it would split the company into two separate entities – its aluminum smelting operations that are struggling from its lightweight metals production from its faster growing automotive and aerospace business. The news brought to life shares of Alcoa, which soared 6% in trading prior to the opening bell on Monday. Dropping commodity prices along with an aluminum glut have hit Alcoa stock hard, which prior to this news had dropped by over 42% in 2015. The split is to be made to separate the cyclical commodity... 
 

Airbus Challenging Boeing Through New Factory in the U.S.

French airplane manufacturer Airbus will unveil a new factory of $600 million in the state of Alabama, setting itself up for a fight with its biggest rival Boeing on home soil. The new plant located in Mobile for airplanes that are single-aisle is part of its strategy of increasing the market share of Airbus in the U.S. market from a current 20% up to at least 50%. This new facility is only the second one built outside Europe, and deliveries to different carriers such as American Airlines, the operator of the largest fleet of Airbus in the world,... 
 

Pentagon Teaming Up with Boeing and Apple for Wearable Tech

The Pentagon will team up with Apple, Harvard, Boeing and others for the development of high-tech sensory gear that is flexible enough that people can wear it or it can be molded onto a jet’s exterior. The rapidly changing world of technologies has forced the Pentagon into seeking partnerships with private sector companies instead of developing technology itself, officials in defense say. This new technology has a goal of using printing technologies that are high tech to create electronics that are stretchable and that could become embedded with... 
 

Passenger Airplane Number Estimated to Double in Two Decades

Demand for new passenger planes across the globe is expected to continue its upward track as millions of people throughout developing nations take to the air for just the first time. Over the upcoming 20 years, airlines around the world will need more than 38,000 new aircraft said Boeing one of the leading jet manufacturers its annual forecast for the market. That is 3.5% up from its projection of last year. To fill the expected demand, Boeing and its biggest rival Airbus along with small plane makers such as Bombardier and Embraer will have to... 
 

Profits by Airlines Soar Thanks to Fuel Prices Falling

The airline industry in the U.S. is falling over all the money it is earning. Earnings for the first quarter have been posted by all of the big carriers in the U.S. and each announced profits that were impressive. Leading the pack was American Airlines posting a $932 million profit for the quarter. Doug Parker CEO said the first quarter profit had set a new record. Like American, the other big airlines took their turns posting large profits. Amongst the notable results: $746 million net profit for Delta Air Lines; $508 million net profit for United;... 
 

Alcoa Starts First Quarter Earnings Season

Alcoa as usual has unofficially started the earnings season for the 2015 first quarter on Wednesday with results where profit beat expectations but revenue did not, hinting that the upcoming earnings reports deluge might be a rough ride for Wall Street investors. Alcoa reported that its adjusted quarterly profit was 28 cents per share, which beat Wall Street estimates of 26 cents. It was the fifth straight quarter that Alcoa delivered a profit that was better than had been expected. Investors took a cautious eye at the results of Alcoa, not only... 
 

Qatar Airways Acquires British Airways Stake

Qatar Airways had acquired a 9.99% stake, worth 1.15 billion pounds or $1.7 billion in International Consolidated Airlines building better ties with the owner of Iberia and British Airways it collaborates in the one world alliance. Qatar’s national airline announced that it would be looking to strengthen its commercial ties with the carrier and might consider increasing its share over a period of time, although currently it was not intending to pass its current 9.99% stake. IAG is an excellent opportunity to develop further our strategy westward,... 
 

Pilot Strike at Lufthansa into Second Day

Lufthansa pilots started their second day of strikes on Tuesday that grounded cargo and long haul flights as well as to European and domestic routes, with thousands of travelers being stranded. The pilot strike of two days, the ninth for this year due to an extended dispute over the early retirement plan, has forced the flagship airline of Germany to cancel almost half its scheduled on Monday and Tuesday. The airline said that nearly 150,000 passengers have thus far been affected by the strike this week. Vereinigung Cockpit the pilots union that... 
 

Ryanair Increases Forecast for Profit on Surge in Bookings

Ryanair raised its forecast for annual profit nearly 20% Monday because of a surge in its winter reservations and announced it would lower fares by as much as 10% over the coming year to take additional market share from its struggling air carrier rivals. This improved profit guidance comes after the largest discount-carrier in Europe slashed its fees, boosted its budget for marketing and improved its Internet site after outspoken CEO Michael O’Leary admitted an excess in cost cutting was beginning to scare away customers. The airline now says... 
 

Honeywell Profit Passes Forecast, Seeking Deals

The diversified maker of electronic equipment and aircraft parts, Honeywell International Inc, posted a profit for the third quarter that was better than had been expected helped in part by higher margins in its aerospace business. Honeywell also increased its low end of its forecast range for the full year for both revenue and profit. It said it was actively looking for new acquisitions after increasing its ability to both evaluate as well as fund deals that range in size. The potential deals available are strong or stronger than at any time previously... 
 

Emirates Orders 150 Boeing Planes for $56 Billion

Emirates the Dubai airline has completed an order for $56 billion to purchased 150 777X Boeing jets Wednesday. The order completes a commitment the airline made in 2013 just weeks after it scrapped an order with Airbus a rival of Boeing. The order includes the purchase rights for another 50 aircraft, which if exercised, could make the contract’s value close to $75 billion, said Boeing in a prepared statement. Tim Clark the president of Emirates said that with this order for the 150 aircraft, Emirates now has 208 777s from Boeing that are pending... 
 

Boeing Reports Cracks in Wings on Dreamliners

Boeing Co. announced Friday that they discovered hairline cracks in the wings of nearly 40 of its 787 Dreamliners that were in production, which marked yet another setback for the newest jet in the company. The cracks were not found on planes that are currently being used by airlines and because of that pose no risk of safety, said Boeing. The problems, said Boeing would not alter the plans the company has to deliver 110 of the aircraft in 2014. Boeing however, said the cracks which occurred on the model that is larger that is currently in flight... 
 

Japan Airlines Agrees to Deal with Airbus

Airbus the manufacturing giant for aircraft announced a first deal ever with Japan Airlines the Japanese carrier. The deal just signed was for 31 A350 planes and was worth close to $9.5 billion at the prices that Airbus lists for that model aircraft. The aircraft A350 is designed to have better fuel efficiency and to be direct competition to the 787 Dreamliner made by Airbus’ U.S. rival Boeing. The Boeing Dreamliner has run into problems of late with technical and safety issues. The new deal between JAL and Airbus is a huge blow to Boeing, which... 
 

United Technologies Could Furlough 5,000

By the beginning of next week, 2,000 workers at United Technologies that make the Black Hawk helicopter will be out of work. The company said it might have to layoff over 5,000 of its workers if the shutdown by the federal government continues into November. On Wednesday, UT said that its Sikorsky group, which makes the Black Hawks, would be the first to be hit with furloughs. It expects that close to 2,000 of its employees, including those at facilities located in Connecticut, Alabama and Florida will be without work on Monday. The manufacturer... 
 

American Airlines Announces Second Quarter Profit

AMR, American Airlines’ parent company, which is nearing its merger with US Airways, announced a profit of $220 million for the second quarter of 2013. It was just the first time the business has had a net profit during a second quarter in six years. The profit arrives at a time when the airline is preparing the final stages of its merger with US Airway that will make the new combined carrier the worlds largest. Tom Horton the CEO of AMR said the airline had delivered the best second quarter financial performance, excluding any special items,... 
 

American Airlines to add more Seating

American Airlines made an announcement on Thursday that it will add more seating in jets that are narrow body. The U.S. based airline said it is putting the additional seats into its coach sections on a certain number of aircraft. The airline’s flight services vice president, Lauri Curtis disclosed the plans for the additional seats to the flight attendants. The additional seats mean the airline buy law must have more onboard flight attendants. Those planes in the airline’s fleet that will have seats added are the 737 and the MD-80. However,... 
 

Earnings for Southwest Exceed Wall Street Expectations

Southwest Airlines earned more during the first quarter than what analysts from Wall Street had estimated, but officials from the airline said the federal budget cuts could hurt revenue for the airline going forward. An airfare increase helped the airline, as its one-way fares are now averaging over $150 dollars, which is a 4% increase from last year. Southwest also released details about is operation in Atlanta, where it is currently competing against Delta Airlines. Prior to acquiring AirTran Airways in 2011, Southwest did not use Atlanta to fly... 
 

American Airlines Offered Merger Deal

AMR Corp, the parent company of American Airlines has been offered a deal to merge by US Airways. The merger deal has placed a value of the two airlines combined at more than $8.5 billion. While American pilots were busy voting to ratify a new contract on Friday, the US Airway merger details emerged. The vote approving the new contract ended a year’s long dispute between management and the pilots and helped to stabilize the airline as it tries to successfully exit from bankruptcy protection. The proposed merger would be a complete stock merger... 
 

Corruption Probe Underway involving Rolls-Royce

Rolls-Royce the aircraft engine maker might face prosecution due to allegations of corruption in Indonesia, China and other international locations. The company first started as a luxury carmaker. However, it also provides power systems plus services to the marine, energy and defense industries. The company announced it was fully cooperating with the Serious Fraud Office in the UK in a probe involving intermediaries. Rolls-Royce announced through a statement that the consequences of the disclosures would be decided by regulatory authorities and... 
 

Boeing (BA) Stock Refills Pair of Price Gaps

The Boeing Company (NYSE:BA) stock has successfully refilled not one, but two price gaps today during intraday trading.  BA like many stocks has a tendency to reclaim old voids in price even if it may take a long while, such as the January 3rd, 2011 gap not being refilled until August 4th, 2011. The first gap was to the advantage of stockholders and was formed on October 26th, 2011, with the later one being a bearish gap at the beginning of this month on the 1st of November.  Notably, today also marks a new day of BA trading above the 10 SMA once... 
 

All Nippon Airways Chooses Air BP Turbo Oils for 787 Dreamliner

All Nippon Airways (TYO:9202) today formally agreed to use lubricants made by Air BP for use in their 787 Dreamliner.  ANA is Japan’s largest airliner and Air BP is the specialized aviation division of BP (NYSE:BP), providing fuels, lubricants & services to customers in over 50 countries worldwide. Lubricants from Air BP will be used in turbines, engines and auxiliary power units for ANA’s Boeing (NYSE:BA) 787 Dreamliner which they took delivery of in September, 2011, and is the first of 55 planes that are scheduled to be built... 
 

Boeing (BA) Completes Delivery of 24 RAAF Super Hornets

The Boeing Company (NYSE:BA) announced today that they have delivered four F/A-18F Super Hornets to the Royal Australian Air Force (RAAF) not only ahead of schedule, but on budget as well. Preemptive-delivery of Super Hornets to the RAAF is not unheard of, in fact, a portion of the RAAF’s fleet of 24 Super Hornets have been delivered by Boeing ahead of schedule and all on budget. Upon arrival at the RAAF’s base at Amberley, Australia, a fly-over of the four Super Hornets in conjunction with 16 other F/A-18F’s were performed for... 
 

GE Capital Aviation Orders Six EMBRAER E190’s

GE Capital Aviation Services (or, GECAS) announced today that they have placed an order with Embraer for six of their E190 aircraft. GECAS already has 93 E-Jets of all different kinds on lease, this will only further their standing fleet.  GECAS currently does business with 15 different airlines around the world.  One of their recent aircraft acquisitions include two E-Jets ordered at the Paris Air Show in June. GECAS had the following to say about today’s six-aircraft order, “Our customers’ fleet needs continually change and it is important... 
 

Indian Navy-Bound Boeing P-8I Successfully Makes First Flight

Boeing successfully flew a Indian Navy-bound P-81 for the first time today as it lifted off from Renton Field at 12:02 P.M. PST. The large aircraft was airborne for two hours, 31 minutes until landing at Boeing Field in Seattle, WA. While in the air it managed to climb to a height ceiling of 41,000 feet.  Notable is that company officials stated that it was not yet equipped with mission systems, something which was waiting to be installed after a successful flight. The Indian Navy had the following to say about the Boeing P-81, “The P-8I... 
 

Lockheed Martin Boosts Dividend & Raises Share Repurchase

Lockheed Martin today stated that they would increase their quarterly dividend by a third and that they would also raise their shares repurchase authority by $2.5 billion dollars. The upcoming fourth quarter of 2011 dividend has been authorized to be $1.00 dollars per share as Lockheed also will repurchase up to an additional $2.5 billion dollars worth of shares in tandem which should increase shareholder value on  per-share basis.  The dividend will be payable December 30, 2011 to holders of record as of the close of business on December 1st,... 
 

Indonesia’s Lion Air Receives 50th 737-900ER from Boeing

Boeing announced today that they have delivered the 50th 737-900ER aircraft to Indonesia’s Lion Air. Lion Air is Indonesia’s largest private airline and the ‘ER’ designation in the 737-900ER aircraft model name means “Extended Range.” Lion Air said in a company statement, “This is a major milestone for Lion Air and Boeing,” said Lion Air President Director Rusdi Kirana. “We’ve operated the 737-900ER since 2007 and that airplane has allowed us to grow because of the low operating cost and... 
 

Lockheed Martin Wins $100.5 Million LGB Contract

Lockheed Martin announced today that they have won a $100.5 million dollar laser-guided bomb contract. The contract is signed with the United States Air Force who will receive paveway II Plus Laser Guided Bomb (LGB) GBU-12 guidance kits. Lockheed Martin said in a company statement, “The award to Lockheed Martin represents the majority share of an initial $134 million Paveway II Plus LGB procurement, part of an overall $475 million five-year, firm-fixed-price, multiple-award contract announced by the U.S. Air Force on August 1.” Delivery... 
 

Boeing Improves Fuel Efficiency in Single Isle Aircraft Market

Boeing is to improve the fuel efficiency in single isle aircraft with the advent of their new 737 engine family.  The new engines will also be available to retrofit into existing 496 aircraft, too. In a company report, a Boeing representative said, “The re-engined 737 will allow Boeing to continue to deliver the most fuel efficient, most capable airplane with the lowest operating costs in the single-aisle market,” said Boeing Commercial Airplanes President and CEO Jim Albaugh. “This, coupled with industry leading reliability... 
 

Skymark Airlines Takes Delivery of Two Boeing 737-800’s

Japanese flight carrier, Skymark Airlines, has received delivery of a pair of new Boeing 737-800 aircraft. GE Capital Aviation Services Limited (GECAS) announced delivery of the pair of Boeing 737-800 aircraft today in a statement.  GECAS has a standing order book deal with Boeing from which the aircraft come from. Skymark Airlines now has a fleet of 20 Boeing’s. Shares of GE closed at $15.45 dollars per share at the end of today’s trading session. In other recent news regarding Skymark, the company signed a contract at the Paris Air... 
 

South Korea Receives Three Additional Boeing F-15K Slam Eagle’s

The Republic of Korea Air Force has received three additional F-15K Slam Eagle’s on August 20th, 2011, as South Korea continues to bolster their fighter jet arsenal. The Boeing F-15K Slam Eagle is manufactured by Boeing and left their St. Louis facility for delivery on August 16th, 2011.  The fighter jets made a series of stops which entailed going through Palmdale, Calif., Hickam Air Force Base, Hawaii, and Anderson Air Force Base, Guam, before arriving in Korea. “We are pleased to receive the latest three F-15K Slam Eagles, F-15K... 
 
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