Bloomberg
• Sri Taylor
JetBlue reported a first-quarter loss that topped analysts’ estimates, even as revenue rose 4.7% to $2.24B and EPS losses widened year over year. Management cited higher fuel costs and volatile demand as it moves to deepen cost-cutting, with Fort Lauderdale bookings described as strong.
Bloomberg
• Edward Clark
By Bloomberg: Avia Solutions Group’s bonds have fallen into distressed territory as turmoil in the travel industry caused by the Middle East war dampens demand for the aviation company’s debt.
ch-aviation
• Vanja Popovic
By ch-aviation: This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
FlightGlobal
• David Kaminski-Morrow
By FlightGlobal: Carrier cites volatile fuel-price environment and wet-lease challenges. UK wet-lease carrier Ascend Airways is to return its fleet of Boeing 737 Max 8s to lessors, and surrender its air operator's certificate, citing the impact of fuel prices on its activity.
ch-aviation
Bloomberg
• Kirsi Heikel
By Bloomberg: Anyone pushing for the sale of Finland’s flag airline would be well advised to look across the Baltic Sea and to Sweden, where the state’s loss of control over its airline has relegated Stockholm to funneling more traffic into Copenhagen.
FlightGlobal
• Dominic Perry
By FlightGlobal: French aerospace giant says it is yet to see any evidence of an impending commercial aviation slowdown. Safran has struck an upbeat tone despite the potential impacts from the Middle East conflict threatening to disrupt the commercial aviation market.
Paddle Your Own Kanoo
• Mateusz Maszczynski
By Paddle Your Own Kanoo: From May 1, American Airlines will become the largest carrier in the United States to change its rules for passengers traveling with power banks in their carry-on luggage, following an alarming rise in the number of in-flight fires caused by overheating lithium batteries.
Bloomberg
• Aashna Shah
By Bloomberg: From TSA staffing shortages to surging fuel costs, it’s been a tough year for the aviation industry. Dallas Fort Worth International Airport’s Chris McLaughlin is trying to stay calm and rise above.
FlightGlobal
• David Kaminski-Morrow
