Leadership News

2024-07-25T12:28:50.173947-07:00

American Airlines Reverses Distribution Strategy After $1.5B Revenue Loss Forecast

American Airlines CEO Robert Isom has announced a strategic reversal to mitigate a projected $1.5 billion revenue loss in 2024 due to an unpopular direct booking strategy. Despite achieving record quarterly revenue, the company is adjusting its approach to repair strained travel agency relationships.

Leadership News Timeline

Paddle Your Own Kanoo

American Airlines Flight Attendants Secure Up to 33% Pay Rise, $25k Retro Pay American Airlines flight attendants have reached a tentative five-year agreement, securing up to 33% pay raises and over $25,000 in retroactive pay. The agreement includes $4.2 billion in pay and benefits increases.

2024-07-26T13:26:02.551762-07:00

American Airlines Flight Attendants Secure Up to 33% Pay Rise, $25k Retro Pay

The Air Current

Former FAA Certification Director Lirio Liu Joins Skyryse as Advisor Lirio Liu, former director of the FAA’s Aircraft Certification Office, has been appointed as a certification advisor for Skyryse, announced at EAA’s AirVenture.

2024-07-26T10:09:15.724923-07:00

Former FAA Certification Director Lirio Liu Joins Skyryse as Advisor

Aviation Week

Hensoldt CEO Targets Global Expansion to Reduce Dependency on Germany The new CEO of Hensoldt is steering the defense electronics firm towards reducing its dependency on domestic sales by focusing on global expansion.

2024-07-26T10:09:04.589291-07:00

Hensoldt CEO Targets Global Expansion to Reduce Dependency on Germany

Payload

Astranis Secures $200M Series D, Largest US Space Funding Round of 2024 Astranis CEO John Gedmark announced that their $200 million Series D round will fully fund the Omega satellite program, marking the largest space funding round in the US for 2024.

2024-07-26T05:29:48.643329-07:00

Astranis Secures $200M Series D, Largest US Space Funding Round of 2024

FlightGlobal

Vertical Aerospace's VX4 Prototype Completes First Tethered Piloted Flight Vertical Aerospace's latest VX4 eVTOL prototype achieved its first tethered piloted flight a week after its unveiling at the Farnborough International Airshow.

2024-07-26T02:19:55.338583-07:00

Vertical Aerospace's VX4 Prototype Completes First Tethered Piloted Flight

AINonline

FAA Issues Advisory Circular on New SMS Rules The Federal Aviation Administration has released AC 120-92D, aimed at guiding operators in meeting updated requirements for safety management systems implementation.

2024-07-25T23:01:16.527059-07:00

FAA Issues Advisory Circular on New SMS Rules

Seeking Alpha

L3Harris Corporate Results: Q2 EPS Surpasses Projections; Revenue Misses by $10M L3Harris Technologies reported a Q2 2024 diluted EPS of $3.24, beating expectations by $0.06. Despite missing revenue targets by $10M, the company raised its full-year guidance and showcased robust order numbers with a strong book-to-bill ratio.

2024-07-25T13:18:47.902138-07:00

L3Harris Corporate Results: Q2 EPS Surpasses Projections; Revenue Misses by $10M

Via Satellite

Dr. Angel Smith Named Executive Director of SmallSat Alliance SmallSat Alliance, an industry consortium dedicated to the small satellite ecosystem, has appointed Dr. Angel Smith as its new executive director to lead its strategic initiatives.

2024-07-25T13:08:48.568752-07:00

Dr. Angel Smith Named Executive Director of SmallSat Alliance

Skift

American Airlines Reverses Distribution Strategy After $1.5B Revenue Loss Forecast American Airlines CEO Robert Isom has announced a strategic reversal to mitigate a projected $1.5 billion revenue loss in 2024 due to an unpopular direct booking strategy. Despite achieving record quarterly revenue, the company is adjusting its approach to repair strained travel agency relationships.

2024-07-25T12:28:50.173947-07:00

American Airlines Reverses Distribution Strategy After $1.5B Revenue Loss Forecast

Defense One

US Navy's F/A-XX Program Selection Still On Track, Northrop CEO Affirms Despite proposed funding cuts, Northrop Grumman confirms that the US Navy's plan to select a winner for the F/A-XX program remains unchanged for next year.

2024-07-25T09:18:45.237440-07:00

US Navy's F/A-XX Program Selection Still On Track, Northrop CEO Affirms

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Hype's Leadership section provides a curated selection of news and in-depth analysis on the trailblazers and decision-makers in the aviation, defense, and space industries. This collection includes detailed coverage of leadership changes, executive appointments, and the strategic directions set by the industry's top figures, offering a clear view of the personalities driving aerospace innovation and corporate dynamics.