Financial

Fitch Assigns ‘BB-’ Rating to Houston Revenue Bonds Backed by United Airlines

ByAdmin 12/11/202413/11/2024

Fitch Ratings has recently assigned a ‘BB-’ rating to the special facility revenue bonds proposed by the City of Houston, with a Recovery Rating of ‘RR4’. These bonds, which are guaranteed by United Airlines Holdings (US), represent an important financial measure designed to support airport and related infrastructure within the Houston area. The assigned BB- rating indicates a non-investment grade, yet relatively stable bond category, with a moderate risk of default over time. This type of bond rating allows potential investors to gauge the risk level associated with the bond issuance and makes the securities attractive to those seeking higher-yield investment opportunities.

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Airlines | Financial | Flag Carrier | Loan

Garuda Indonesia Secures $405M Shareholder Loan

ByAdmin 25/06/202526/06/2025

Garuda Indonesia is set to receive a substantial $405 million shareholder loan from Danantara Asset Management, Indonesia’s sovereign wealth fund, in a significant move aimed at bolstering the national carrier’s financial stability and operational recovery. This funding is part of a wider $1 billion support package intended to ensure the airline’s long-term viability.

Delivery | Embraer | General Electric

BeauTech Acquires 12 CF34-10E Engines From Alliance

ByAdmin 08/07/202508/07/2025

BeauTech Power Systems, a US-based engine solutions provider, has completed the acquisition of twelve CF34-10E engines from Alliance Aviation Services of Australia. This transaction significantly strengthens BeauTech’s inventory of regional jet engine assets, particularly those supporting the Embraer E190/E195 aircraft family.

Airlines | Financial

American Airlines Reports $473M Loss On $12.6B Revenue

ByAdmin 25/04/202527/04/2025

American Airlines posted a net loss of $473 million for the first quarter of 2025, despite generating $12.6 billion in revenue, reflecting the continued challenges facing major U.S. carriers in managing costs and restoring profitability post-pandemic.

Corporation | Financial

IAG Invests to Maintain 20% Stake in Air Europa

ByAdmin 12/12/202416/12/2024

International Airlines Group (IAG), headquartered in the UK, has reaffirmed its commitment to its stake in Air Europa, Spain’s prominent airline. The group announced its decision to participate in Air Europa’s capital increase, contributing $16.8 million to the initiative. This move ensures that IAG retains its 20% ownership in the airline, solidifying its strategic position in the Spanish and broader…

Airlines | Financial | Quarterly Performance

Skymark Airlines Reports 25.8% Net Income Drop for 9M 2024

ByAdmin 11/02/202514/02/2025

Skymark Airlines reported a 25.8% decline in net income for the nine-month period ending December 2024, despite a 4.5% increase in operating revenues. The airline attributed the drop in profitability to rising operational costs, including higher fuel expenses, increased labor costs, and adjustments to fleet operations.

Airlines | Financial

United Airlines Maintains 2025 Forecast Amid Economic Uncertainty

ByAdmin 16/04/202518/04/2025

United Airlines has maintained its primary financial forecast for 2025, while introducing a contingency scenario in the event of a U.S. economic recession, signaling a cautious stance amid mounting macroeconomic ambiguity. The airline, one of the major U.S. carriers, emphasized that the state of the economy remains “impossible to predict,” prompting the need for flexible financial planning.

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