All North America articles – Page 238
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NewsTextron Aviation’s profits surge on business jet boom
Textron Aviation accelerated deliveries of both business jets and commercial turboprops in 2021, driving the airframer to a $378 million profit.
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NewsAlaska turns small Q4 profit despite Omicron disruption
“Disciplined” cost management and a “measured approach to bringing back capacity” helped Alaska Air Group grow revenue and turn a small profit during the fourth quarter of 2021, even while contending with a new coronavirus variant, the company reports.
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NewsSouthwest reports first quarterly profit since 2019
Southwest Airlines has earned its first quarterly profit since 2019, as demand for low-cost fares climbed in the last three months of 2021.
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AnalysisQuestions, uncertainty abound as Boeing works for 2022 recovery
Boeing executives are framing 2022 as the year the company will fix the 787’s troubles, hike 737 Max delivery rates and begin mending its financial position.
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NewsJetBlue cuts Q4 loss, calls Omicron ‘temporary setback’
JetBlue Airways more than halved its loss in the fourth quarter of 2021 as leisure passengers returned in greater numbers.
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NewsCovid impact on F-35 production costs Northrop Grumman $93 million
Northrop Grumman incurred charges totalling $93 million against the Lockheed Martin F-35 programme last year, due to reduced sales and pandemic-related business effects.
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NewsBoom to build Overture manufacturing site in Greensboro
Boom Supersonic confirms it has chosen Piedmont Triad International airport in North Carolina as the location of its planned manufacturing site.
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NewsBoeing to hike 777 output to three jets monthly this year
Boeing plans to hike 777 production from two to three jets monthly this year in response to heightened demand for air freighters.
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NewsInternational air travel recovery continued in December despite Omicron impact
Demand for international air travel in December continued the upward trend that began in mid-2021, albeit at a slower growth rate than was forecast before the Omicron variant of Covid-19 began to spread around the world.
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NewsBell completed first CV-22 nacelle upgrade in December 2021
Bell has finished the first nacelle modifications to a US Air Force CV-22 Osprey, part of a multi-year effort to improve the maintainability of the US military’s V-22 tilt-rotors.
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NewsBoeing discloses fresh $402 million charge against KC-46A programme
Boeing took a fresh $402 million pre-tax charge against its KC-46A tanker programme in the fourth quarter of last year, the company disclosed in its full-year results for 2021.
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NewsF135 engine upgrade best choice for F-35, says Raytheon Technologies boss
Performance updates to the Pratt & Whitney F135 represent the best path to satisfying future increased power and efficiency requirements for the Lockheed Martin F-35, according to Greg Hayes, chief executive of Raytheon Technologies, the engine producer’s parent company.
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NewsEarly liquid-hydrogen aircraft will slow, rather than check, emissions rise: ICCT study
Full adoption of liquid hydrogen-powered aircraft on all replaceable routes by 2050 would cap passenger aviation emissions at 2035 levels, but not reduce them, according to analysis released by the US-based non-profit International Council on Clean Transportation. Its white paper stresses that this is based on the “most optimistic” fuel ...
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OpinionAirlines must show progress on sustainability to avoid becoming next tobacco industry
Action and positive communication are important in stopping future generations viewing aircraft as negatively as cigarettes are today, argues SimpliFlying’s Shashank Nigam
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NewsBoeing loses $4.3bn in 2021, takes billions in charges against 787 programme
Troubles with the 787 that have lasted longer than expected led Boeing to take a $3.5 billion charge in the fourth quarter of 2021, pushing the company to another full-year loss, this time to the tune of $4.3 billion.
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NewsHawaiian narrows Q4 loss; sees international recovery later in 2022
Hawaiian Holdings, the parent company of Hawaiian Airlines, says fourth-quarter losses narrowed as tourists returned to the Pacific Ocean archipelago in greater numbers toward the end of 2021.
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NewsRaytheon warns of supply chain and labour challenges in 2022
Supply chain troubles, labour shortages and inflation will continue pressuring Raytheon Technologies’ results in 2022, affecting operations of subsidiaries Pratt & Whitney and Collins Aerospace.
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NewsAftermarket sales help push P&W and Collins to 2021 profits
Pratt & Whitney swung to a $454 million operating profit in 2021, a year characterised by stronger demand for aftermarket services and new aircraft engines.
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NewsLockheed Martin reports record $67 billion in sales for 2021
Lockheed Martin has reported net sales valued at slightly over $67 billion for 2021, with its record performance up 3% from roughly $65.4 billion the previous year.
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NewsUS government sues to stop Lockheed Martin from acquiring Aerojet Rocketdyne
The US Federal Trade Commission (FTC) has sued to stop Lockheed Martin from acquiring Aerojet Rocketdyne, saying the $4.4 billion deal has the potential to destroy competition in an area vital to national security and US defence interests.