Airlines Set to Earn 2.7% Net Profit Margin on Record Revenues in 2024

Geneva - The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. However, net profitability at the global level is expected to be well below the cost of capital in both years. Very significant regional variations in financial performance remain. (www.iata.org) More...

Italian Flag Carrier to End Route After 75 Years

For the first time in 75 years, the Italian flag carrier will not connect these two cities. (airlinegeeks.com) More...

DHL Express diverts freighters from Cincinnati hub as strike precaution

Ramp workers could walk off the job soon at CVG airport over contract dispute with DHL. (www.freightwaves.com) More...

Remotely Flown Cargo Plane Gets First Big Test From Reliable Robotics and FedEx

Reliable Robotics Corp. said Wednesday that it’s flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval for its remote-pilot system. In coordination with the Federal Aviation Administration, the 12-minute flight of the Cessna 208B Grand Caravan on Nov. 21 took off from and landed at Hollister Municipal Airport in Northern California. A remote pilot handled all the radio calls and monitored the plane… (www.msn.com) More...

Pan American World Airways Flew Its Final Flight 32 Years Ago

Pan Am ceased operations over 30 years ago following more than six decades in the business. The airline's history began in 1927 with mail service between Key West and Havana, eventually expanding its routes worldwide. Despite its eventual downfall due to fuel prices and deregulation, Pan Am's legacy lives on. It has been over three decades since Pan American World Airways operated its last flight. The carrier, affectionately referred to as "Pan Am," ceased operations 32 years… (simpleflying.com) More...

Asia Pacific Aerospace signs Trans Bharat Aviation as Rolls-Royce M250/RR300 representative

Asia Pacific Aerospace (APA) has announced Trans Bharat as its in-country representative for India, Nepal, Bangladesh and Sri Lanka. This partnership with Trans Bharat is a continuation of APA’s commitment to support the Rolls-Royce M250/RR300 engine network in South Asia. Trans Bharat Aviation now offers APA’s capabilities of engine MRO services, including rental, exchange or outright purchase, providing operators in South Asia with a direct gateway to APA. APA is the sole Rolls-Royce… (verticalmag.com) More...

Man arrested after London firm accused of supplying fake engine parts to airlines

Affected airlines include Tui, Ryanair, American Airlines, Delta Air Lines, United Airlines, Southwest Airlines, TAP and Virgin Australia Airlines. (ca.finance.yahoo.com) More...