Aviation

  Bloomberg Cebu Air Inc. will fully restore its pre-pandemic capacity in March, putting the Philippines’ largest budget carrier on the path to “full recovery and profitability” this year, said President and Chief Commercial Officer Alexander Lao. Cebu Air probably cut its loss to 2.09-billion peso ($38.3 million) in 2022, according to street consensus, as easing of virus curbs and ...

Bloomberg United Airlines Holdings Inc. said its first-quarter profit will be more than double analysts’ estimates, boosting shares as continued supply constraints across the industry combine with robust demand that shows no sign of slowing. Adjusted earnings will be 50 cents to $1 a share in the period, the carrier said in a statement while also detailing fourth-quarter results. That ...

Bloomberg Boeing Co reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. Adjusted earnings were negative $1.75 a share in the last three months, the Arlington, Virginia-based company said in a statement. Revenue was about ...

  Bloomberg Singapore Airlines Ltd.’s Indian venture has shelved plans to start direct flights to the US following disruptions in the deliveries of Boeing Co.’s 787 Dreamliner aircraft. “We were discussing US at one stage,” Vistara Chief Executive Officer Vinod Kannan said at a virtual press meet. “We have had to put that on hold after the fact that 787s ...

  Bloomberg Virgin Australia Holdings Pty Ltd. plans to interview lead underwriters starting in February for a return to public markets as soon as this year, according to people familiar with the matter. Australia’s second-largest airline and its owner Bain Capital will interview banks from the end of next week for joint lead manager roles assisting the company to list ...

Bloomberg Rocket Lab USA Inc. launched its first rocket to space from the Virginia coast. At 6 pm local time, an Electron rocket took off from the company’s new launchpad, located on Wallops Island, Virginia, carrying a trio of small satellites to orbit. Rocket Lab, based in Long Beach, California, is mainly focused on launching small satellites. It has conducted ...

  Bloomberg Airbus SE is seeking outside investment for its high altitude solar-powered drone program called Zephyr in order to accelerate the commercialisation of the technology. The planemaker has hired Morgan Stanley to lead to the process of finding investors, a spokesman said in an email. Airbus will continue to own a stake in the unit, which will be renamed ...

  Bloomberg Boeing Co.’s rainmaker in Washington, a former auto lobbyist who goes by the nickname “Z,” is restoring some of the swagger that once made the aerospace giant a force on Capitol Hill. A badly needed legislative victory in late December let Boeing continue plans for its cash-cow 737 Max over the protests of family members of victims of ...

Bloomberg SpaceX filled its Starship rocket and massive booster with extremely cold propellant for the first time stacked together, a crucial test of its new deep-space launch system ahead of its first orbital launch attempt. The procedure, conducted at the company’s Starbase facility in Boca Chica, Texas, is known as a wet dress rehearsal and is meant to run through ...

  Bloomberg Deutsche Lufthansa AG said it aims to buy a minority stake in ITA Airways, seeking to advance an industry consolidation that would give the German airline a stronger foothold in a major European aviation market. The German carrier didn’t disclose financial details, or lay out the size of the stake it wishes to buy in the successor of ...