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Pilot Strike at Lufthansa into Second Day

Lufthansa pilots started their second day of strikes on Tuesday that grounded cargo and long haul flights as well as to European and domestic routes, with thousands of travelers being stranded. The pilot strike of two days, the ninth for this year due to an extended dispute over the early retirement plan, has forced the flagship airline of Germany to cancel almost half its scheduled on Monday and Tuesday. The airline said that nearly 150,000 passengers have thus far been affected by the strike this week. Vereinigung Cockpit the pilots union that... 
 

Ryanair Increases Forecast for Profit on Surge in Bookings

Ryanair raised its forecast for annual profit nearly 20% Monday because of a surge in its winter reservations and announced it would lower fares by as much as 10% over the coming year to take additional market share from its struggling air carrier rivals. This improved profit guidance comes after the largest discount-carrier in Europe slashed its fees, boosted its budget for marketing and improved its Internet site after outspoken CEO Michael O’Leary admitted an excess in cost cutting was beginning to scare away customers. The airline now says... 
 

Honeywell Profit Passes Forecast, Seeking Deals

The diversified maker of electronic equipment and aircraft parts, Honeywell International Inc, posted a profit for the third quarter that was better than had been expected helped in part by higher margins in its aerospace business. Honeywell also increased its low end of its forecast range for the full year for both revenue and profit. It said it was actively looking for new acquisitions after increasing its ability to both evaluate as well as fund deals that range in size. The potential deals available are strong or stronger than at any time previously... 
 

Emirates Orders 150 Boeing Planes for $56 Billion

Emirates the Dubai airline has completed an order for $56 billion to purchased 150 777X Boeing jets Wednesday. The order completes a commitment the airline made in 2013 just weeks after it scrapped an order with Airbus a rival of Boeing. The order includes the purchase rights for another 50 aircraft, which if exercised, could make the contract’s value close to $75 billion, said Boeing in a prepared statement. Tim Clark the president of Emirates said that with this order for the 150 aircraft, Emirates now has 208 777s from Boeing that are pending... 
 

Boeing Reports Cracks in Wings on Dreamliners

Boeing Co. announced Friday that they discovered hairline cracks in the wings of nearly 40 of its 787 Dreamliners that were in production, which marked yet another setback for the newest jet in the company. The cracks were not found on planes that are currently being used by airlines and because of that pose no risk of safety, said Boeing. The problems, said Boeing would not alter the plans the company has to deliver 110 of the aircraft in 2014. Boeing however, said the cracks which occurred on the model that is larger that is currently in flight... 
 

Japan Airlines Agrees to Deal with Airbus

Airbus the manufacturing giant for aircraft announced a first deal ever with Japan Airlines the Japanese carrier. The deal just signed was for 31 A350 planes and was worth close to $9.5 billion at the prices that Airbus lists for that model aircraft. The aircraft A350 is designed to have better fuel efficiency and to be direct competition to the 787 Dreamliner made by Airbus’ U.S. rival Boeing. The Boeing Dreamliner has run into problems of late with technical and safety issues. The new deal between JAL and Airbus is a huge blow to Boeing, which... 
 

United Technologies Could Furlough 5,000

By the beginning of next week, 2,000 workers at United Technologies that make the Black Hawk helicopter will be out of work. The company said it might have to layoff over 5,000 of its workers if the shutdown by the federal government continues into November. On Wednesday, UT said that its Sikorsky group, which makes the Black Hawks, would be the first to be hit with furloughs. It expects that close to 2,000 of its employees, including those at facilities located in Connecticut, Alabama and Florida will be without work on Monday. The manufacturer... 
 

American Airlines Announces Second Quarter Profit

AMR, American Airlines’ parent company, which is nearing its merger with US Airways, announced a profit of $220 million for the second quarter of 2013. It was just the first time the business has had a net profit during a second quarter in six years. The profit arrives at a time when the airline is preparing the final stages of its merger with US Airway that will make the new combined carrier the worlds largest. Tom Horton the CEO of AMR said the airline had delivered the best second quarter financial performance, excluding any special items,... 
 

American Airlines to add more Seating

American Airlines made an announcement on Thursday that it will add more seating in jets that are narrow body. The U.S. based airline said it is putting the additional seats into its coach sections on a certain number of aircraft. The airline’s flight services vice president, Lauri Curtis disclosed the plans for the additional seats to the flight attendants. The additional seats mean the airline buy law must have more onboard flight attendants. Those planes in the airline’s fleet that will have seats added are the 737 and the MD-80. However,... 
 

Earnings for Southwest Exceed Wall Street Expectations

Southwest Airlines earned more during the first quarter than what analysts from Wall Street had estimated, but officials from the airline said the federal budget cuts could hurt revenue for the airline going forward. An airfare increase helped the airline, as its one-way fares are now averaging over $150 dollars, which is a 4% increase from last year. Southwest also released details about is operation in Atlanta, where it is currently competing against Delta Airlines. Prior to acquiring AirTran Airways in 2011, Southwest did not use Atlanta to fly... 
 

American Airlines Offered Merger Deal

AMR Corp, the parent company of American Airlines has been offered a deal to merge by US Airways. The merger deal has placed a value of the two airlines combined at more than $8.5 billion. While American pilots were busy voting to ratify a new contract on Friday, the US Airway merger details emerged. The vote approving the new contract ended a year’s long dispute between management and the pilots and helped to stabilize the airline as it tries to successfully exit from bankruptcy protection. The proposed merger would be a complete stock merger... 
 

Corruption Probe Underway involving Rolls-Royce

Rolls-Royce the aircraft engine maker might face prosecution due to allegations of corruption in Indonesia, China and other international locations. The company first started as a luxury carmaker. However, it also provides power systems plus services to the marine, energy and defense industries. The company announced it was fully cooperating with the Serious Fraud Office in the UK in a probe involving intermediaries. Rolls-Royce announced through a statement that the consequences of the disclosures would be decided by regulatory authorities and... 
 

Boeing (BA) Stock Refills Pair of Price Gaps

The Boeing Company (NYSE:BA) stock has successfully refilled not one, but two price gaps today during intraday trading.  BA like many stocks has a tendency to reclaim old voids in price even if it may take a long while, such as the January 3rd, 2011 gap not being refilled until August 4th, 2011. The first gap was to the advantage of stockholders and was formed on October 26th, 2011, with the later one being a bearish gap at the beginning of this month on the 1st of November.  Notably, today also marks a new day of BA trading above the 10 SMA once... 
 

All Nippon Airways Chooses Air BP Turbo Oils for 787 Dreamliner

All Nippon Airways (TYO:9202) today formally agreed to use lubricants made by Air BP for use in their 787 Dreamliner.  ANA is Japan’s largest airliner and Air BP is the specialized aviation division of BP (NYSE:BP), providing fuels, lubricants & services to customers in over 50 countries worldwide. Lubricants from Air BP will be used in turbines, engines and auxiliary power units for ANA’s Boeing (NYSE:BA) 787 Dreamliner which they took delivery of in September, 2011, and is the first of 55 planes that are scheduled to be built... 
 

Boeing (BA) Completes Delivery of 24 RAAF Super Hornets

The Boeing Company (NYSE:BA) announced today that they have delivered four F/A-18F Super Hornets to the Royal Australian Air Force (RAAF) not only ahead of schedule, but on budget as well. Preemptive-delivery of Super Hornets to the RAAF is not unheard of, in fact, a portion of the RAAF’s fleet of 24 Super Hornets have been delivered by Boeing ahead of schedule and all on budget. Upon arrival at the RAAF’s base at Amberley, Australia, a fly-over of the four Super Hornets in conjunction with 16 other F/A-18F’s were performed for... 
 
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