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United Airlines Third Quarter Q3 Sales Drop 78%

A pilot walks by United Airlines planes at the San Francisco International Airport in April.
 GETTY IMAGES

United Airlines Holdings Inc. stock (Nasdaq: UAL) fell late Wednesday after the airline reported a 78% drop in quarterly sales as the pandemic continued to crimp air travel.

United said it lost $1.8 billion, or $6.33 a share, in the third quarter, contrasting with earnings of $1 billion, or $3.99 a share, in the year-ago quarter.

Related: American Airlines downgrade, Delta’s weak third quarter weigh on airline stocks

Adjusted for one-time items, United lost $8.16 a share, versus an adjusted profit of $4.07 a share a year ago.

Total revenue dropped to $2.49 billion from $11.38 billion a year ago.  Passenger revenue dropped 84% to $1.7 billion.

Click the below link to see the full story!

https://www.marketwatch.com/story/united-airlines-q3-sales-drop-78-11602708906?siteid=yhoof2&yptr=yahoo

French Navy Received First Two “Standard 6” ATL2’s

(Saint-Cloud, October 29, 2019) – This summer, Lann-Bihoué French naval air station received the first two ATL2 maritime patrol aircraft upgraded by Dassault Aviation.

Last week, Florence Parly, Minister of the Armed Forces, flew on one of these aircraft.

These two events demonstrate the progress made on the upgrade program which is designed to modernize the ATL2 combat system to standard 6.

The contract for the upgraded (standard 6) ATL2 combat system was awarded by the defense procurement agency DGA on October 4, 2013. The program covers a fleet of 18 aircraft. Dassault Aviation will deliver a further five upgraded ATL2s in the period 2020-2023. In parallel, the SIAé aeronautical maintenance center will upgrade 11 aircraft.©  Dassault Aviation – C. Cosmao

Standard 6 includes:

  • new radar: Thales Search Master with active antenna,
  • new Thales acoustic subsystem to gather and process signals from the latest-generation air-dropped sonobuoys for submarine detection,
  • new navigation console designed by Dassault Aviation,
  • new consoles for the tactical display subsystem, developed by SIAé.

The upgrade work is performed by Dassault Aviation and Thales (co-contractors), in association with Naval Group and in cooperation with SIAé. Architect of the combat system, Dassault Aviation is as well responsible for development of the core system including LOTI software designed by Naval Group. Dassault Aviation is also in charge of overall integration of all subsystems.

All the specifications for this program were established using the PLM Systèmes tool as part of a Dassault Aviation-Thales-Naval Group-SIAé collaborative work platform installed at St-Cloud in the Dassault Aviation design office.

The standard 6 upgrade will improve the ATL2s’ capability to support the Strategic Ocean Force, to deal with modern threats (future nuclear or conventional submarines, naval forces at sea, etc.) and to support air-land missions, until 2030.

France is one of the very few countries producing high-technology maritime patrol aircraft combining detection (optronics, radar, acoustics) with a variety of weapons (anti-ship missiles, torpedoes, laser-guided weapons).

“This expertise as an architect of maritime patrol solutions, both for the platform and for systems integration, is the result of experience dating back to the late 1950s and the launch of the ATL1 program, the predecessor of the ATL2. Dassault Aviation has extended this experience, from the 1970s onwards, with the maritime surveillance Falcons, the latest version of which is the Falcon 2000 MRA-based Albatros program. As we have shown once again with the standard 6, this maritime patrol/maritime surveillance expertise builds largely on the trust and the excellent working relations between our company, the DGA and the French Navy, to which I express my sincere gratitude. We will leverage this know-how to prepare together maritime patrol solutions beyond 2030”, declared Eric Trappier, Chairman and CEO of Dassault Aviation.

French Judges Drop Charges Against Air France Over 2009 Crash, Blames Pilots

PARIS, Sept 5 (Reuters) – French judges have dropped charges against Air France and Airbus over a mid-Atlantic plane crash in 2009 that killed all 228 people on board, blaming the pilots for losing control of the plane.

In their conclusions, seen by Reuters, the judges said the pilots of the Airbus A330 had failed to process all the warnings and instrument readings provided by the aircraft.

The plane plunged into the ocean en route from Rio de Janeiro to Paris after entering an aerodynamic stall and falling from an altitude of 38,000 feet during a storm, its engines running but its wings losing lift.

“The direct cause of the accident is the crew’s loss of control of the aircraft’s trajectory,” the judges determined.

Other crews, faced with similar situations, had successfully maintained control of their aircraft, their ruling said.

The judges overruled the prosecutors investigating the case, who had recommended that Air France stand trial over the crash in July.

In their 2012 report, French civil accident investigators found the startled crew of AF447 mishandled the loss of airspeed readings from pitot sensors blocked with ice and pushed the jet into a stall by holding the nose too high. The report also cited poor training and the lack of a clear cockpit display for speed problems.

The three-year civil investigation was not designed to cast blame, which was the purpose of the separate judicial probe culminating in the decision on Thursday.

A lawyer representing the families of victims said an appeal against the judges’ decision would be lodged immediately.

“The judges have just written in black and white that the icing of the pitot sensors had nothing to do with the accident. It’s nonsense,” Sebastien Busy told Reuters. “If the pitot sensors hadn’t iced up, there wouldn’t have been an accident.”

The accident was the deadliest in the history of Air France and in the history of the A330.

A decade later, the aviation industry is still implementing lessons learned from the crash. Changes have focused on training, cockpit procedures and the tracking of aircraft in remote zones.

It took salvage teams nearly two years to locate the A330’s flight recorders on the ocean floor.

(Reporting by Sophie Louet and Emmanuel Jarry Writing by Richard Lough; Editing by Elaine Hardcastle)