Norwegian Air to Shut Bases & Axe Routes to Cut Costs
OSLO, Jan 16 (Reuters) - Budget carrier Norwegian Air will axe a number of routes in Europe and to the U.S and the Middle East, shutting several bases as part of a cost-cutting plan announced…
Category: Finance News
United Airlines Reports Full-Year and Fourth-Quarter 2018 Performance
PR Newswire - January 15, 2019 Q4 unit revenue up 5.0% year-over-year; full-year diluted 2018 EPS of $7.70; adjusted diluted EPS of $9.13 CHICAGO, Jan. 15, 2019 /PRNewswire/ -- In a departure from industry trends, United (UAL) announced today that…
PG&E Talking to Banks on Multibillion Dollar Bankruptcy
(Reuters) - PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering…
Avianca Brasil Lessor Set to Seize 20% of Airline’s Fleet
SAO PAULO, Jan 11 (Reuters) - Lessor Aircastle is set to repossess 10 jets from Avianca Brasil, the country's No. 4 airline, after a bankruptcy hearing on Monday, a source familiar with the matter said,…
U.S. Air Force Accepts First Boeing KC-46A Pegasus Tanker
SEATTLE, Jan. 10, 2019 – The U.S. Air Force has accepted the first Boeing [NYSE: BA] KC-46A Pegasus tanker aircraft, setting the stage for the aircraft’s delivery to McConnell Air Force Base, in Wichita, Kan., in…
American Airlines Shares Plunge on Weak Outlook
(Reuters) - American Airlines Group Inc (AAL.O) shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing…
Boeing Delivers Record 806 Aircraft in 2018
(Reuters) - Boeing Co (BA.N) delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world's biggest planemaker for the seventh straight year. The company's shares rose as…
JetBlue Airways Firms Order for 60 Airbus A220-300’s
JetBlue Airways has firmed up an order for 60 A220-300 aircraft, the larger model of the new, industry-leading A220 series. “As we approach our 20th anniversary, the impressive range and economics of the highly efficient…
Union Pacific Names Jim Vena COO
OMAHA, Neb., Jan. 7, 2019 /PRNewswire/ -- Union Pacific today named Jim Vena chief operating officer, effective Jan. 14. He served as executive vice president and chief operating officer at Canadian National (CN) until retiring in June 2016 after a 40-year CN career.…
United Airlines’ First 787-10 Begins Regular Service
LOS ANGELES, Jan. 7, 2019 /PRNewswire/ -- Today, United Airlines' first Boeing 787-10 Dreamliner began regular service as UA2418, departing from Los Angeles International Airport traveling to Newark Liberty International Airport. United is the first…