WELCOME TO WWW.PLANESINTHEAIR.COM

TOMORROWS TRANSPORTATION NEWS TODAY!

Tag: operating (Page 4 of 11)

Embraer Announces Earning Results for Third Quarter 2021

November 5, 2021 /

São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.

HIGHLIGHTS

• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;

• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;

• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;

• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);

• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;

• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;

• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.

JetBlue Airways (JBLU) Reports Q3 Loss, Tops Revenue Estimates

October 26, 2021 /

Story from zacks.com

JetBlue Airways (Nasdaq: JBLU) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $1.75 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 36.84%. A quarter ago, it was expected that this airline would post a loss of $0.73 per share when it actually produced a loss of $0.64, delivering a surprise of 12.33%.

Click the link below to read the full story!

https://finance.yahoo.com/news/jetblue-airways-jblu-reports-q3-122512708.html

Lufthansa to Fly Boeing 747 and Airbus A350 to Mallorca Due to High Demand

June 11, 2021 /

– Wide body aircraft to operate to Palma de Mallorca from both Frankfurt and Munich

– First departure planned from Frankfurt on July 17 and on July 31 from Munich

– Tickets now available for booking

Lufthansa is taking extraordinary measures in order to respond to a significant increase in booking demand for flights to Palma de Mallorca from both Frankfurt and Munich. The booking figures for the destination “PMI” have increased 25 times between April and the beginning of June 2021: The airline will be operating a Boeing 747-8 from Frankfurt to Palma de Mallorca four Saturdays in a row during the upcoming summer vacation in Hesse. Additionally, the airline also plans to operate an Airbus A350 from Munich to the Balearic Island at the start of the summer vacation in Bavaria. Although these routes are normally operated by an Airbus A321, on 31 July, two wide-body Lufthansa aircraft will be arriving on Palma de Mallorca.

Departing Frankfurt with the “Jumbo”

The Boeing 747-8 is the largest aircraft that Lufthansa is currently operating, offering up to 364 seats instead of the usual 215, which are normally available on this route.  This wide-body aircraft offers passengers 88 Business Class seats (including First Class) as well as 276 seats in Economy Class (including Premium Economy).

The first “Jumbo” flight, LH1152, will be departing the Rhine Main metropolis on Saturday 17July at 10:20 a.m., just in time for the start of the Hessian summer vacation, and arrive at Palma de Mallorca airport at 12:25 p.m. The return flight, LH1153 will take place the same day at 14:25 p.m., arriving in Frankfurt at 16:45 p.m.

The modern and kerosene-efficient Boeing 747-8, also known as the “Queen of the Skies”, will operate for an addition three weekends, specifically on 24 July, 31 July and 7 August.

Departing Munich with the Airbus A350

The Airbus A350 is the most sustainable long-haul aircraft in the Lufthansa fleet. It consumes 20 percent less kerosene and is 50 percent quieter than previous models.   Those who want to experience the Lufthansa Airbus A350 along with its multi-award-winning cabin now have the chance to do so now. The aircraft offers 293 seats, including 48 in Business Class and 245 in Economy Class (including Premium Economy).

The A350 flight to Palma de Mallorca will take place at the start of the Bavarian summer vacations on Saturday 31 July. Departure from Munich is planned for 9:50 a.m. under flight number LH2658, arriving in Palma de Mallorca at 12:00 a.m. The return flight, LH2659, will take place the same day at 13:30 a.m. arriving in Munich at 15:35 p.m.

United Signs Agreement to Buy Aircraft from Boom Supersonic

June 6, 2021 /

PRNewswire/ — United Airlines (NASDAQ: UAL) today announced a commercial agreement with Denver-based aerospace company Boom Supersonic to add aircraft to its global fleet as well as a cooperative sustainability initiative – a move that facilitates a leap forward in returning supersonic speeds to aviation.

Under the terms of the agreement, United will purchase 15 of Boom’s ‘Overture’ airliners, once Overture meets United’s demanding safety, operating and sustainability requirements, with an option for an additional 35 aircraft. The companies will work together on meeting those requirements before delivery. Once operational, Overture is expected to be the first large commercial aircraft to be net-zero carbon from day one, optimized to run on 100% sustainable aviation fuel (SAF). It is slated to roll out in 2025, fly in 2026 and expected to carry passengers by 2029. United and Boom will also work together to accelerate production of greater supplies of SAF.

Capable of flying at speeds of Mach 1.7 – twice the speed of today’s fastest airliners – Overture can connect more than 500 destinations in nearly half the time. Among the many future potential routes for United are Newark to London in just three and a half hours, Newark to Frankfurt in four hours and San Francisco to Tokyo in just six hours. Overture will also be designed with features such as in-seat entertainment screens, ample personal space, and contactless technology. Working with Boom is another component of United’s strategy to invest in innovative technologies that will build a more sustainable future of air travel.

Embraer Celebrates London City Airport Clearance for E190-E2

June 4, 2021 /

In an important milestone for the E2 programme, the first of Embraer’s E2 family, the E190-E2, has been certified for Steep Approach; a requirement to operate at London City Airport (LCY). EASA (European Aviation Safety Agency) certification was granted on 11th May.

London City Airport sits on the doorstep of the city’s global financial district and is known as a premier business airport, but also as a key short-haul hub for destinations in continental Europe because of its convenience and speedy passenger experience. However, its location means operating aircraft must be compatible with the airport’s steep approach and short runway; meeting strict noise regulations for the surrounding communities.

In certification testing, EASA figures confirmed the E190-E2 has the lowest noise levels among all new generation single aisle aircraft and will be the only jet operating at LCY certified to ICAO’s strict Chapter 14 regulation. The new aircraft’s wings, engines, and systems make the aircraft significantly quieter than the previous E190; for communities around LCY this means the E190-E2 noise footprint at takeoff is 63% smaller than current E190s operating from LCY.

The E190-E2’s environmental credentials go much further than its quieter operation. The aircraft is 17% more efficient than its predecessor in fuel burn and emissions, while at the same time dramatically improving performance – range from LCY has nearly doubled with the E190-E2 to over 4000KM, bringing destinations such as Istanbul, Casablanca, and Moscow into range.

Steep approach certification, which enables increased descent angles of up to 5.5 degrees, reduces noise pollution for the surrounding communities. The system is enabled using a special software upgrade and the installation of a corresponding ‘Steep Approach’ switch on the cockpit control panel. Due to the cockpit commonality between the E190 and the E190-E2, pilots already cleared for LCY operation need no simulator based steep approach training.

French Navy Exercises Option for Two Additional Airbus H160 Helicopters

May 23, 2021 /

The French Armament General Directorate (DGA) has confirmed an option to Airbus Helicopters, Babcock and Safran Helicopter Engines for two more H160s for the French Navy. These aircraft will join the fleet of four H160s already contracted in 2020, the first of which is currently being assembled by Airbus Helicopters in Marignane, in the south of France. The six H160s will be delivered in a Search and Rescue (SAR) configuration and will gradually start operating from May 2022 from Lanveoc-Poulmic naval air station (Britany), Cherbourg airport (Normandy) and Hyères naval air station (Provence). Awaiting the H160M “Guépard” deliveries in the frame of the French Joint Light Helicopter (Hélicoptère Interarmées Léger: HIL) programme, these H160s will take over the SAR missions  currently conducted by the NH90s and Panthers , allowing these combat helicopters to fulfill their main tasks at sea on board combat vessels.

The French Navy’s operational feedback with these H160s will benefit the design of the military version of the aircraft and its associated support system.

The H160s were ordered by Babcock in 2018 and will be maintained and equipped in partnership with Airbus Helicopters, and Safran Helicopters Engines ensuring the highest level of availability for the French Navy and the continuity of SAR operations on the Atlantic and the Mediterranean coasts. Built by Airbus Helicopters, the six H160s will be equipped with a winch and a modular cabin that can be optimized for each mission. The H160s will be certified for use of night vision goggles which are necessary for winching operations at night.

The six H160s will be modified into a light military configuration by Babcock, a provider of critical, complex engineering services to governments, to answer to the needs of the French Navy. Babcock will integrate the Safran Electronics & Defense new generation electro-optical system, Euroflir 410.

The H160, as a next generation medium twin engine aircraft, powered by Arrano engines, is modular by design in order to address missions ranging from offshore transportation, private and business aviation, emergency medical services, and public services.

Tigerair Taiwan Becomes New Airbus A320neo Operator

April 9, 2021 /

Taipei, 8 April 2021 – Tigerair Taiwan, the low cost subsidiary of China Airlines, has taken delivery of its first A320neo. This is the first of 15 A320neo Family aircraft scheduled to join the airline’s fleet. The aircraft is also the first A320neo to be introduced in Taiwan, and will be the optimal platform for Tigerair Taiwan to increase capacity and open new routes across the Asia region. The A320neo has a range of up to 3,200nm, enabling flights of up seven hours from Taipei.

With the A320neo, Tigerair Taiwan will benefit from the lowest operating costs and highest comfort levels in the single-aisle segment, while maintaining a high degree of commonality with the A320ceo. Tigerair Taiwan’s A320neos are powered by Pratt & Whitney PW1100G engines and configured in a single class layout with 180 seats.

The A320neo Family offers the widest single-aisle cabin in the sky and incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption. At the end of March 2021, the A320neo Family had won nearly 7,400 firm orders from 120 customers worldwide.

AeroMexico Lands in Russia for the First Time

March 10, 2021 /

Mexico City, March 10, 2021 – Cooperating with DHL Global Forwarding, Aeromexico managed to achieve its first flight in its history to Russia operating a cargo charter flight. The flight departed from Mexico City on March 8, with a stopover in Madrid, Spain. The flight continued on to Moscow Sheremetyevo International Airport in Russia, landing on March 9. Following cargo loading, the Boeing 787 Dreamliner aircraft took off for the return flight to Mexico City, once again stopping over in the Spanish capital.

Aeromexico, in the last 12 months, has landed its Dreamliner aircraft at 20 new airports in 14 countries including: Belo Horizonte, Cabo Frio, Cali, Fortaleza, Frankfurt, Guatemala, Guayaquil, Hong Kong, Kingston, Moscow, Panama, Porto Alegre, Quito, Santo Domingo, San Jose, San Pedro Sula, San Salvador, Shenzhen, Winnipeg, and Wuhan.

Since the start of the pandemic, Aeromexico has transported more than 6,400 tons of cargo on 325 charter operations to ship medical supplies and other necessary goods to Mexico, as well as 16 countries. Aeromexico Cargo operates in more than 40 airports in Mexico, and several other destinations including the USA, Canada, Central America, South America, Asia, and Europe. The most common cargo carried includes medical supplies, pharmaceuticals, perishable goods, live animals, and high technology consumer and corporate items.

Qantas Starts Flights to Griffith, Australia

March 1, 2021 /

QantasLink is today adding Griffith to its map, operating direct flights from Sydney for the first time to meet increased demand for travel within Australia. The inaugural flight QF2121 arrived in Griffith from Sydney at midday with local business and community leaders at the Airport to welcome the aircraft’s arrival. The service will operate daily with the airline’s turboprop 50-seat Q300 aircraft, adding more than 700 seats on the route each week.

Speaking from Griffith to mark the inaugural flight, QantasLink CEO John Gissing said the new route reinforced the national carrier’s commitment to supporting regional Australia. “As the national carrier, we have an important role to play in driving tourism and supporting the industry in its recovery from COVID-19. We know Australians want to travel so we’ve been looking for opportunities to support new routes where there is demand and help deliver a boost for local businesses. We’re working with tourism partners to promote the world-class wineries and fresh produce of the beautiful Riverina region to millions of our frequent flyers around the country”.

Qantas (QAN.AX) is also today launching a new regional route from Melbourne to Merimbula. Since the start of COVID-19, the Qantas Group has announced or commenced flying on 26 new routes across Australia, reflecting new travel demand patterns.

The route launch follows a new suite of initiatives introduced for customers, including a boost to flexibility allowing unlimited flight changes until at least February 2022.

In the wake of the COVID-19 pandemic, Qantas has introduced a number of initiatives improve safety and peace-of-mind when travelling domestically through its Fly Well program, including masks on board, hand sanitising stations and enhanced aircraft cleaning.

« Older posts Newer posts »

Archives

© 2024 WELCOME TO WWW.PLANESINTHEAIR.COM

Theme by Anders Noren — Up ↑