SQUAWK

Hawaiian posts $97m Q3 loss, details 787 delivery delays

Hawaiian Airlines posted a $97 million loss in the third quarter, as the state’s coronavirus-driven quarantine requirements hampered air travel demand – and the airline’s recovery. Hawaiian Airlines posted a $97 million loss in the third quarter as the state’s coronavirus-driven...

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More aircraft production rate cuts coming? Perhaps, analysts say

Some financial analysts suspect airframers might further cut aircraft production in 2021 owing to the depth of the pandemic-driven aerospace downturn. Some financial analysts suspect airframers might further cut aircraft production in 2021 owing to the depth of the pandemic-driven...

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Texas A&M to lead $100m hypersonic research consortium for Pentagon

The US Department of Defense has awarded Texas A&M University’s Engineering Experiment Station a 5-year contract worth $20 million per year to establish and manage the University Consortium for Applied Hypersonics. The US Department of Defense (DoD) has awarded Texas...

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JetBlue reports sharply lower Q3 but sees leisure rebound

JetBlue Airways reported sharply declining third-quarter financial results but remains optimistic that the coming weeks will bring recovery as customers begin planning travel for the end-of-year holiday season. JetBlue Airways reported sharply declining third-quarter financial results but remains optimistic that...

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P&W ships more commercial engines in Q3, eyes lower-cost production in Asheville

Pratt & Whitney shipped 114 large commercial aircraft engines in the third quarter of 2020, up slightly from the previous period. Pratt & Whitney shipped 114 large commercial aircraft engines in the third quarter of 2020, up slightly from the...

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Turkish Airlines agrees amended delivery schedule for Airbus orders

Turkish Airlines has undertaken a restructuring of its fleet plans, agreeing with Airbus to reschedule a number of deliveries. The carrier adds that it has “adapted the overall outstanding orders”, taking into account operational and financial positions, to ensure a...

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Airline cash burn to continue throughout 2021: IATA

Airlines will struggle to cut unit costs sufficiently to prevent cash burn continuing throughout 2021, based on current demand assumptions, according to IATA. Airlines will struggle to cut unit costs sufficiently to prevent cash burn continuing throughout 2021, based on current demand assumptions and in...

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Ecuador receives first H145 pair

Airbus Helicopters has handed over the first two of an eventual six H145s to the Ecuadorian air force, the first customer for the light-twin in South America. Airbus Helicopters has handed over the first two of an eventual six H145s...

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Italy returns to G550 for new C4ISTAR platform

European nation outlines defence spending priorities for the next three years, while its future wish-list includes new tactical transports, high-speed helicopters and basic trainers. Italy plans to invest €1.2 billion ($1.4 billion) in a new special-mission aircraft under its latest...

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ACI Europe claims nearly 200 of region’s airports ‘face insolvency’

ACI Europe has warned of the “collapse of significant parts of the air transport system” because of a worsening outlook for passenger demand. ACI Europe has warned of the “collapse of significant parts of the air transport system” because of a...

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