Flights Cancelled As Ash Cloud Pours From Chile Volcano

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Published: April 24, 2015

An ash cloud from the Calbuco volcano in southern Chile that erupted unexpectedly on Wednesday was blowing into Chile and Argentina on Thursday, forcing the cancellation of flights from nearby cities in both countries. The volcano, which last had a major eruption in 1961, has belched a spectacular plume of ash and smoke around 15 […]

American Airlines Q1 Profit Almost Doubles

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Published: April 24, 2015

American Airlines reported a first-quarter profit of USD$ 932 million, almost double its profit in the same period a year earlier Excluding special items, it earned USD$ 1.2 billion. American said a strong US dollar, competitive capacity growth and economic softness in Latin America caused a revenue fall of 1.7 percent year-over-year to USD$ 9.8 […]

Hawaiian Airlines Swings To Q1 Profit

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Published: April 24, 2015

Hawaiian Airlines reported a first-quarter profit of USD$ 25.9 million and announced a new share repurchase. The company said its board approved a buyback of USD$ 100 million of the company’s stock. Hawaiian had USD$ 488 million in unrestricted cash and equivalents at the end of last quarter. “Low fuel prices and strong demand across […]

Boeing Warns Of Job Relocations If US Ex-Im Bank Goes

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Published: April 24, 2015

Boeing may have to relocate US-based engineering and manufacturing jobs overseas if Congress eliminates funding for the US Export-Import Bank, chief executive Jim McNerney said. “Most of my engineering and manufacturing jobs are in the United States and I’d like to keep it that way. But without Ex-Im financing, you’d have to start asking the […]

United Reports Q1 Profit Of USD$508 Million

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Published: April 24, 2015

United Continental reported a first-quarter net profit of USD$ 508 million, but cut its capacity forecast for 2015, noting the strong US dollar has weakened demand abroad. Excluding special items, United earned USD$ 582 million. Facing markets where spending power has been hurt by the strong dollar or energy sector weakness, United lowered its forecast […]

Southwest Triples First Quarter Profit

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Published: April 24, 2015

Southwest Airlines reported a first-quarter profit that nearly tripled but forecast a decline in unit revenue for April. The airline made a net profit of USD$ 453 million, from USD$ 152 million in the same quarter of 2014. Demand was strong, chief executive Gary Kelly said in a news release, adding that traffic from Southwest’s […]

Alaska Air First-Quarter Profit Up 58 Percent

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Published: April 23, 2015

Alaska Air Group reported first-quarter net profit up more than 58 percent to USD$ 149 million helped by lower fuel costs. The company forecast that its capacity would grow about 10.5 percent in the second quarter but that unit costs excluding fuel and other special items would stay flat. Alaska Air expects to pay about […]

Airbus Picks Korean Air Aerospace For A330neo Parts

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Published: April 23, 2015

Airbus has selected Korean Air Aerospace, part of Korean Air Group, to manufacture “sharklet” wingtips for its A330neo family of aircraft. Under the terms of the agreement, KAL-ASD will manufacture the new composite wingtip devices, designed to increase wingspan and reduce drag, at its Busan facility in South Korea. Korean Air Aerospace will supply the […]

HondaJet Flies In Japan, But No Asian Sales For Now

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Published: April 23, 2015

Honda on Thursday flew its HondaJet business aircraft for the first time in Japan, bringing to life a dream cherished by founder Soichiro Honda, but the automaker said sales of the jet in Asia remain years away. The HondaJet, built and tested in the United States, is expected to receive final type certification from the […]

HondaJet Flies In Japan, But No Asian Sales For Now

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Published: April 23, 2015

Honda on Thursday flew its HondaJet business aircraft for the first time in Japan, bringing to life a dream cherished by founder Soichiro Honda, but the automaker said sales of the jet in Asia remain years away. The HondaJet, built and tested in the United States, is expected to receive final type certification from the […]

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