A summary of a Friday press conference on the website of CAAC News revealed the winter and spring season flight plan, with 96,651 domestic flights having been scheduled per week. Since the same period last year, 7,202 new weekly flights have been introduced following the opening of 516 new domestic routes.

While international flights to and from China are slower to rise, they are also on an upward trajectory. Weekly direct flights between China and the United States are expected to rise by 48 to 70.

The post Flights in China Expected to Surge Past Pre-Pandemic Levels appeared first on theprimarymarket.com.

Chief Executive Tufan Erginbilgic stated that the company has made significant progress this year, referring to its rise in military spending and the recovery of its long-haul flying business. The company also underwent several operational improvements.

Now, the company expects to achieve a profit this year between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion). Its previous expectation was in the range of 800 million and 1 billion pounds.

“Despite a challenging external environment, notably supply chain constraints, we are starting to see the early impact of our transformation in all our divisions,” Erginbilgic commented on Wednesday.

The post Rolls-Royce Shares Jump as Company Raises Full-Year Forecast appeared first on theprimarymarket.com.

Airbus boosted its deliveries from 297 aircraft during the first six months of 2022. This year, the company is aiming to make a total of 720 deliveries

The performance of the aviation company is even more impressive considering that aerospace deliveries at large have been affected by supply chain issues while labor shortages stemming from the Covid pandemic persist.

Chief Commercial Officer Christian Scherer stated in June that while industry-wide issues continue to pose an obstacle, Airbus is beginning to experience a more “predictable” pattern in industrial economic conditions.

Airbus is set to report its first-half financial results on July 26.

The post Airbus First Half Deliveries Rise appeared first on theprimarymarket.com.

This comes after United Airlines canceled 19% of its scheduled flights after thunderstorms and equipment failures rocked operations at a U.S. Federal Aviation Administration (FAA) facility in Washington. The issue led to major delays for air passengers across the east coast of the U.S.

“While we work to control the things that are within our control, we must also do a better job of planning against the things that are outside our control so that we can be in a position to recover more quickly,” Kirby said, acknowledging the importance of contingency planning as U.S. air traffic looks bound to exceed pre-COVID levels.

In an effort to manage the boom in air travel demand, United Airlines is working with the Port Authority of New York and New Jersey to get more gates. This change would require some schedule changes on the part of the U.S. airline.

The post United Airlines Looks to Avoid Flight Disruptions Ahead of Travel Boom appeared first on theprimarymarket.com.

“It is kind of a new era,” Callaway Climate Insights Founder and Editor-in-Chief David Callaway explained. “Some are already saying it’s a bubble… But they’re riding high right now, and I think you will see them start to pay attention because they know that their customers are paying attention. They know their customers care about this stuff.”

In response to travelers’ growing awareness of climate issues, the International Air Transport Association committed to reaching zero emissions by 2050. The body consists of over 300 global airlines, including Delta, United, and JetBlue.

Still, the aviation industry does not pose a major environmental threat, making up just 1.8% of global emissions in 2021.

Despite its minimal impact, numerous nations have already been taking action to curb aviation-induced emissions, with France banning short hall flights between locations where a train route exists.

The post Airlines Expect Major Travel Changes To Reduce Emissions appeared first on theprimarymarket.com.

The company expects airlines to purchase 42,595 jets from now until 2042, thereby exceeding its previous 20-year forecast of 41,170 planes last year. This is still lower than the company’s projection of 43,610 jets in 2021 when Russian aircraft demand was included.

According to Boeing’s estimates, 32,420 of its narrowbody jets are expected to be sold through 2042, with the company predicting its 737 MAX to be particularly successful. In addition, the company expects to deliver 7,440 widebody planes, 1,810 regional jets, and 925 freighters.

Darren Hulst, Boeing’s vice president of commercial marketing, believes that demand will be driven by low-cost carriers looking to expand their fleet sizes.

“The end of the recovery has played out largely as we’ve expected, with a few different nuances and dynamics,” Hulst explained of the company’s performance during the post-pandemic travel industry boom. “I think we’ll again see how resilient the demand for air cargo is because it’s consistently around 3.5% to 4% growth,” he continued, airing his belief that air cargo demand will rise again following its ongoing growth hiatus.

The post Boeing Boosts Annual Outlook Amid Rising Demand appeared first on theprimarymarket.com.

Revenue levels suggest that the travel industry is rapidly recovering from its pandemic slump, with expected revenue of $803 billion for 2023. The industry’s total revenue in 2019 was $838 billion.

“The pandemic years are behind us and borders are open as normal,” International Air Transport Association (IATA) Director General Willie Walsh stated at the association’s annual meeting. “A lot of people not just have to travel, but want to travel. And they will continue to do so through this year,” he went on to state in a separate interview.

Despite the positive annual outlook, the current profit margin of 1.2% is still too low to safeguard the industry’s long-term financial stability, Walsh admitted. The industry’s profitability continues to be limited by challenges including rising airport charges and supply chain bottlenecks.

The post Global Airlines More Than Double 2023 Profit Outlook appeared first on theprimarymarket.com.

The company’s adjusted quarterly operating earnings amounted to 773 million euros ($854 million), while its revenue dropped by 2% to 11.763 billion euros. Analysts were expecting an adjusted operating profit of 736 million euros with revenues of 11.37 billion.

Underlying free cash flow for the first three months of the year plummeted to a negative 889 million euros from a positive cash flow of 213 million a year earlier. This was largely driven by lower jet deliveries.

Currently, the world’s largest plane maker, Airbus also stipulated its financial targets and production goals. The company is planning to deploy its new freighter version of its A350 jetline in 2026.

The post Airbus Misses Estimates in Q1 Report appeared first on theprimarymarket.com.

Based in Dallas, Texas, Southwest Airlines suffered a major operational failure that resulted in the company canceling more than 16,700 flights around the holiday season; a decision that cost the airline over $800 million.

In response to this failure, the Department of Justice (DOJ) on Monday joined an ongoing investigation with the Department of Transportation to determine “whether Southwest engaged in unrealistic flight scheduling which is illegal under federal law, and whether Southwest Airlines provided timely refunds and reimbursements to affected passengers as required.”

Following the busy festive season, Southwest Airlines again suffered a temporary halt in operations when a “data connection” issue led to the delay of 1,820 flights.

The first quarter saw Southwest incur an adjusted loss per share of $0.27; worse than analysts’ forecasts of a $0.22 loss per share. The company lost $159 million in the quarter.

The post Southwest Airlines Posted Q1 Loss Following Disruptive Holiday Season appeared first on theprimarymarket.com.

One major surprise from United’s Q1 earnings report was the $11.43 billion that the airline earned during the quarter ending March 2023. In addition to surpassing estimates by 0.07%, United Airlines’ revenue also greatly exceeded the $7.57 billion earned in the same quarter last year.

Since the start of the year, United Airlines stocks have gained 12.4%; exceeding the 8.1 year-to-date growth of the S&P 500 index at large. The company’s revenue grew by 13.70% from the previous quarter.

Following United’s quarterly earnings report, Southwest Airlines is gearing up to release its own Q1 figures on April 27. The airline is expected to post a quarterly loss of $0.21 per share.

The post United Airlines Posts Q1 Loss, Beats Revenue Estimates appeared first on theprimarymarket.com.

A summary of a Friday press conference on the website of CAAC News revealed the winter and spring season flight plan, with 96,651 domestic flights having been scheduled per week. Since the same period last year, 7,202 new weekly flights have been introduced following the opening of 516 new domestic routes.

While international flights to and from China are slower to rise, they are also on an upward trajectory. Weekly direct flights between China and the United States are expected to rise by 48 to 70.

The post Flights in China Expected to Surge Past Pre-Pandemic Levels appeared first on theprimarymarket.com.

Chief Executive Tufan Erginbilgic stated that the company has made significant progress this year, referring to its rise in military spending and the recovery of its long-haul flying business. The company also underwent several operational improvements.

Now, the company expects to achieve a profit this year between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion). Its previous expectation was in the range of 800 million and 1 billion pounds.

“Despite a challenging external environment, notably supply chain constraints, we are starting to see the early impact of our transformation in all our divisions,” Erginbilgic commented on Wednesday.

The post Rolls-Royce Shares Jump as Company Raises Full-Year Forecast appeared first on theprimarymarket.com.

Airbus boosted its deliveries from 297 aircraft during the first six months of 2022. This year, the company is aiming to make a total of 720 deliveries

The performance of the aviation company is even more impressive considering that aerospace deliveries at large have been affected by supply chain issues while labor shortages stemming from the Covid pandemic persist.

Chief Commercial Officer Christian Scherer stated in June that while industry-wide issues continue to pose an obstacle, Airbus is beginning to experience a more “predictable” pattern in industrial economic conditions.

Airbus is set to report its first-half financial results on July 26.

The post Airbus First Half Deliveries Rise appeared first on theprimarymarket.com.

This comes after United Airlines canceled 19% of its scheduled flights after thunderstorms and equipment failures rocked operations at a U.S. Federal Aviation Administration (FAA) facility in Washington. The issue led to major delays for air passengers across the east coast of the U.S.

“While we work to control the things that are within our control, we must also do a better job of planning against the things that are outside our control so that we can be in a position to recover more quickly,” Kirby said, acknowledging the importance of contingency planning as U.S. air traffic looks bound to exceed pre-COVID levels.

In an effort to manage the boom in air travel demand, United Airlines is working with the Port Authority of New York and New Jersey to get more gates. This change would require some schedule changes on the part of the U.S. airline.

The post United Airlines Looks to Avoid Flight Disruptions Ahead of Travel Boom appeared first on theprimarymarket.com.

“It is kind of a new era,” Callaway Climate Insights Founder and Editor-in-Chief David Callaway explained. “Some are already saying it’s a bubble… But they’re riding high right now, and I think you will see them start to pay attention because they know that their customers are paying attention. They know their customers care about this stuff.”

In response to travelers’ growing awareness of climate issues, the International Air Transport Association committed to reaching zero emissions by 2050. The body consists of over 300 global airlines, including Delta, United, and JetBlue.

Still, the aviation industry does not pose a major environmental threat, making up just 1.8% of global emissions in 2021.

Despite its minimal impact, numerous nations have already been taking action to curb aviation-induced emissions, with France banning short hall flights between locations where a train route exists.

The post Airlines Expect Major Travel Changes To Reduce Emissions appeared first on theprimarymarket.com.

The company expects airlines to purchase 42,595 jets from now until 2042, thereby exceeding its previous 20-year forecast of 41,170 planes last year. This is still lower than the company’s projection of 43,610 jets in 2021 when Russian aircraft demand was included.

According to Boeing’s estimates, 32,420 of its narrowbody jets are expected to be sold through 2042, with the company predicting its 737 MAX to be particularly successful. In addition, the company expects to deliver 7,440 widebody planes, 1,810 regional jets, and 925 freighters.

Darren Hulst, Boeing’s vice president of commercial marketing, believes that demand will be driven by low-cost carriers looking to expand their fleet sizes.

“The end of the recovery has played out largely as we’ve expected, with a few different nuances and dynamics,” Hulst explained of the company’s performance during the post-pandemic travel industry boom. “I think we’ll again see how resilient the demand for air cargo is because it’s consistently around 3.5% to 4% growth,” he continued, airing his belief that air cargo demand will rise again following its ongoing growth hiatus.

The post Boeing Boosts Annual Outlook Amid Rising Demand appeared first on theprimarymarket.com.

Revenue levels suggest that the travel industry is rapidly recovering from its pandemic slump, with expected revenue of $803 billion for 2023. The industry’s total revenue in 2019 was $838 billion.

“The pandemic years are behind us and borders are open as normal,” International Air Transport Association (IATA) Director General Willie Walsh stated at the association’s annual meeting. “A lot of people not just have to travel, but want to travel. And they will continue to do so through this year,” he went on to state in a separate interview.

Despite the positive annual outlook, the current profit margin of 1.2% is still too low to safeguard the industry’s long-term financial stability, Walsh admitted. The industry’s profitability continues to be limited by challenges including rising airport charges and supply chain bottlenecks.

The post Global Airlines More Than Double 2023 Profit Outlook appeared first on theprimarymarket.com.

The company’s adjusted quarterly operating earnings amounted to 773 million euros ($854 million), while its revenue dropped by 2% to 11.763 billion euros. Analysts were expecting an adjusted operating profit of 736 million euros with revenues of 11.37 billion.

Underlying free cash flow for the first three months of the year plummeted to a negative 889 million euros from a positive cash flow of 213 million a year earlier. This was largely driven by lower jet deliveries.

Currently, the world’s largest plane maker, Airbus also stipulated its financial targets and production goals. The company is planning to deploy its new freighter version of its A350 jetline in 2026.

The post Airbus Misses Estimates in Q1 Report appeared first on theprimarymarket.com.

Based in Dallas, Texas, Southwest Airlines suffered a major operational failure that resulted in the company canceling more than 16,700 flights around the holiday season; a decision that cost the airline over $800 million.

In response to this failure, the Department of Justice (DOJ) on Monday joined an ongoing investigation with the Department of Transportation to determine “whether Southwest engaged in unrealistic flight scheduling which is illegal under federal law, and whether Southwest Airlines provided timely refunds and reimbursements to affected passengers as required.”

Following the busy festive season, Southwest Airlines again suffered a temporary halt in operations when a “data connection” issue led to the delay of 1,820 flights.

The first quarter saw Southwest incur an adjusted loss per share of $0.27; worse than analysts’ forecasts of a $0.22 loss per share. The company lost $159 million in the quarter.

The post Southwest Airlines Posted Q1 Loss Following Disruptive Holiday Season appeared first on theprimarymarket.com.

One major surprise from United’s Q1 earnings report was the $11.43 billion that the airline earned during the quarter ending March 2023. In addition to surpassing estimates by 0.07%, United Airlines’ revenue also greatly exceeded the $7.57 billion earned in the same quarter last year.

Since the start of the year, United Airlines stocks have gained 12.4%; exceeding the 8.1 year-to-date growth of the S&P 500 index at large. The company’s revenue grew by 13.70% from the previous quarter.

Following United’s quarterly earnings report, Southwest Airlines is gearing up to release its own Q1 figures on April 27. The airline is expected to post a quarterly loss of $0.21 per share.

The post United Airlines Posts Q1 Loss, Beats Revenue Estimates appeared first on theprimarymarket.com.