The International Air Transport Association (IATA) announced global passenger traffic results for June 2019 showing that demand (measured in revenue passenger kilometers or RPKs) rose by 5.0% compared to June 2018. This was up slightly from the 4.7% year-over-year growth recorded in May. June capacity (available seat kilometers or ASKs) increased by 3.3%, and load factor rose 1.4 percentage points to 84.4%, which was a record for the month of June.
“June continued the trend of solid passenger demand growth while the record load factor shows that airlines are maximizing efficiency. Amid continuing trade tensions between the US and China, and rising economic [...]
Textron Aviation Inc., announced a Memorandum of Understanding to supply Cessna Skyhawk aircraft to Embry-Riddle Aeronautical University. Embry-Riddle has agreed to an initial purchase of at least 60 aircraft between 2019 and 2022, with options for additional units. Embry-Riddle and Textron Aviation held a signing ceremony yesterday during the Experimental Aircraft Association (EAA) AirVenture at Wittman Regional Airport in Oshkosh, Wis.
“Having a customer like Embry-Riddle commit to long-term selection of the Skyhawk as their preferred trainer of choice is a continued testament to its status as the most popular single-engine aircraft ever built,” said Ron [...]
Enables Honeywell access to experimental, light-sport market, which has grown by double digits over the past five years
Honeywell has acquired privately held TruTrak Flight Systems, a leader in autopilots for experimental, light-sport and certified aircraft. The acquisition will become part of Honeywell’s BendixKing business, helping to deliver affordable technologies to the experimental and general aviation markets. This market has grown by double digits over the past five years.
“TruTrak is a natural fit with BendixKing, and this acquisition opens up an exciting new market to us,” said Carl Esposito, president, Electronic Systems at Honeywell [...]
The Lufthansa Group enjoyed a continuing strong performance in its long-haul business in the first half of 2019, particularly on its key North American and Asian routes. On short-haul routes in Europe, the price war in Germany and Austria in particular had a negative impact on earnings.
“Our earnings are feeling the effects of tough competition in Europe and sizeable overcapacities, especially on our short-haul routes out of Germany and Austria,” says Ulrik Svensson, Chief Financial Officer of Deutsche Lufthansa AG. “We are responding to this by further reducing our costs and increasing our flexibility. And with the turnaround plan [...]