Latest news with #B737
Business Insider
22-05-2025
- Business
- Business Insider
TAT Technologies expands MRO partnership with cargo carrier
TAT Technologies (TATT) 'announced the signing of a five-year maintenance, repair, and overhaul – MRO – agreement with one of the world's leading cargo carriers. This agreement is a 5-year extension of an existing contract for APU repairs on the U.S. fleet of 767 and 757 aircraft, now expanded to support the carrier's global fleet. Additionally, under this extension, TAT will provide repair services for two new APU platforms: B737 and A300. The company was also awarded the 777 APU contract for the next 7 years. The parties are expecting to sign the extension for the 777 APU during May- June 2025. The total value of the contracts is estimated to be between $40 million to $55 million over the next five years.' Confident Investing Starts Here:
Yahoo
20-05-2025
- Business
- Yahoo
Ryanair faces turbulence as airfares decline while costs increase
Ryanair Holdings plc reported its financial year 2025 earnings on Monday, as the company deals with higher costs and lagging airfares. Full-year profit after tax was €1.6 billion, which was a decline from the €1.9bn seen in the previous financial year. However, this was in line with a company poll of analysts. Traffic soared 9% to a record 200 million passengers, despite delays in Boeing deliveries. However, this was a decrease from an earlier target of 205 million passengers. The company revealed that it expects 206 million passengers in the current financial year up to 31 March 2026. Average fares dropped 7%, however, total revenue increased 4% to €14bn for the financial year 2025. Operating costs, which are flat on a per passenger basis, jumped 9% to €12.4bn. This was mainly due to fuel hedge savings offsetting a rise in staff and other costs. Ryanair announced a final dividend of €0.227 per share, which is likely to be paid in September this year, subject to Annual General Meeting (AGM) approval. The airline had 181 B737 'Gamechanger' aircrafts in its fleet as of 30 April. It also launched more than 160 new routes for summer this year. Michael O'Leary, the CEO of Ryanair, said in the FY25 earnings report on the company's website: 'We are working closely with Boeing to accelerate deliveries and are increasingly confident that the remaining 29 Gamechangers in our 210 orderbook will deliver well ahead of S.26, enabling us to catch up delayed traffic growth into FY27.' He added: 'We are seeing robust S.25 travel demand across our network. This year our constrained capacity growth is being allocated to those regions and airports who are abolishing aviation taxes and incentivising traffic growth.' Ryanair has already shared that it expects some unit cost increases this financial year, mainly due to a rise in environmental taxes and air-traffic control charges. However, fuel hedging, new aircrafts and cost control are likely to offset these increases. Ryanair expects European short-haul capacity to be tight for the next few years, mainly because of several European Airbus operators still dealing with Pratt & Whitney engine repairs. Increased EU airline consolidation, such as the upcoming TAP sale is also likely to add to this scenario. 'These capacity constraints, combined with our substantial cost advantage, strong balance sheet, low-cost aircraft orders and industry leading operational resilience will, we believe, facilitate Ryanair's controlled profitable growth to 300m passengers p.a. by FY34,' O'Leary said. The airline revealed that while it does expect to recover most, but not all of the past financial year's 7% fare drop, it is still much too early to provide any clear guidance. This is mainly because the current financial year's result depends heavily on external factors such as the possibility of more tariffs, escalations in Russia-Ukraine or Middle Eastern conflicts and macroeconomic shocks. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Euronews
19-05-2025
- Business
- Euronews
Ryanair faces turbulence as airfares decline while costs increase
Ryanair Holdings plc reported its financial year 2025 earnings on Monday, as the company deals with higher costs and lagging airfares. Full-year profit after tax was €1.6 billion, which was a decline from the €1.9bn seen in the previous financial year. However, this was in line with a company poll of analysts. Traffic soared 9% to a record 200 million passengers, despite delays in Boeing deliveries. However, this was a decrease from an earlier target of 205 million passengers. The company revealed that it expects 206 million passengers in the current financial year up to 31 March 2026. Average fares dropped 7%, however, total revenue increased 4% to €14bn for the financial year 2025. Operating costs, which are flat on a per passenger basis, jumped 9% to €12.4bn. This was mainly due to fuel hedge savings offsetting a rise in staff and other costs. Ryanair announced a final dividend of €0.227 per share, which is likely to be paid in September this year, subject to Annual General Meeting (AGM) approval. The airline had 181 B737 'Gamechanger' aircrafts in its fleet as of 30 April. It also launched more than 160 new routes for summer this year. Michael O'Leary, the CEO of Ryanair, said in the FY25 earnings report on the company's website: 'We are working closely with Boeing to accelerate deliveries and are increasingly confident that the remaining 29 Gamechangers in our 210 orderbook will deliver well ahead of S.26, enabling us to catch up delayed traffic growth into FY27.' He added: 'We are seeing robust S.25 travel demand across our network. This year our constrained capacity growth is being allocated to those regions and airports who are abolishing aviation taxes and incentivising traffic growth.' Ryanair has already shared that it expects some unit cost increases this financial year, mainly due to a rise in environmental taxes and air-traffic control charges. However, fuel hedging, new aircrafts and cost control are likely to offset these increases. Ryanair expects European short-haul capacity to be tight for the next few years, mainly because of several European Airbus operators still dealing with Pratt & Whitney engine repairs. Increased EU airline consolidation, such as the upcoming TAP sale is also likely to add to this scenario. 'These capacity constraints, combined with our substantial cost advantage, strong balance sheet, low-cost aircraft orders and industry leading operational resilience will, we believe, facilitate Ryanair's controlled profitable growth to 300m passengers p.a. by FY34,' O'Leary said. The airline revealed that while it does expect to recover most, but not all of the past financial year's 7% fare drop, it is still much too early to provide any clear guidance. This is mainly because the current financial year's result depends heavily on external factors such as the possibility of more tariffs, escalations in Russia-Ukraine or Middle Eastern conflicts and macroeconomic shocks.
Daily Mirror
22-04-2025
- Daily Mirror
Gatwick airport crash fear as drone comes within 30ft of 737 jet
The passenger plane was over Bexhill on Sea in east Sussex when the frightening incident took place. It has just been revealed in the report of air accident investigators A drone came within 10m-20m of colliding with a Boeing 737 airliner on its approach to Gatwick Airport, a report reveals. Investigators said it was only due to 'providence' that a more serious incident did not take place. The report on the black object, believed to be a drone, was submitted to the UK Airprox Board, a body that probes aviation near-misses. The passenger plane was coming into land at Gatwick Airport, over Bexhill on Sea in east Sussex, when the incident occurred. Official papers state: 'The B737 pilot reports passing over the south coast, descending into LGW, when the Captain saw a black object (believed to be a drone) in front of the aircraft. "There was no time to take avoiding action and the object passed 10-20m on the right-hand side of the aircraft". The horizontal distance from the plane was around 30ft at its shortest point, while the object was spotted approximately 10 ft above the level the aircraft was flying at. "The pilot reported the near-miss to air traffic control. Airprox Board members ruled: 'The Board considered that providence had played a major part in the incident and/or a definite risk of collision had existed.' The incident in January this year was given an A rating, the most serious risk level. It was reported to Air Traffic Control with the danger of a collision said to be 'high'. Meanwhile, a new ray gun that uses high-frequency radio waves to blast drones out of the sky has been successfully trialled by the Army. Soldiers used the weapon to target and take down swarms of the deadly devices in the largest trial of its type at a firing range in Wales. And the successful trial was hailed a game-changer by defence minister Maria Eagle, who said it could save the country a fortune when it comes to buying weapons. The use of drones is on the rise across the UK, with warnings from police about their use in and around airports and in public spaces. Each blast from the Radiofrequency Directed Energy Weapon (RF DEW) costs just 10p. It could be used alongside existing systems, the Ministry of Defence said after trials last week. Developed and built in the UK, the weapon uses radio waves to damage critical electronic components inside drones, causing them to crash or malfunction. It can fire at drones flying up to 1km away, according to MoD experts. Tests have proven it was capable of hitting multiple targets simultaneously. The army tracked, engaged and defeated more than 100 drones using the weapon. No.10 has invested more than £40million in RF DEW research and development to date. The project supports 135 jobs in Northern Ireland and south-east England. The MoD has previously said the development of RF DEW systems could play a role in preventing disruption at airports.
The Sun
21-04-2025
- Business
- The Sun
Batik Air to offer direct KL-Melbourne flights all-year round from July
KUALA LUMPUR: Building on its successful seasonal service between Kuala Lumpur and Melbourne, Batik Air is set to launch year-round direct flights starting July 12. This milestone strengthens the air bridge between the two countries, providing travellers with greater connectivity and convenience. Operating four times weekly, this expanded service strengthens Batik Air's presence in Australia, reinforcing its commitment to the market by offering consistent, direct access between Kuala Lumpur and Melbourne. With a growing footprint in the region, Batik Air said in a statement yesterday that it will continue to cater to increasing demand from both leisure and business travellers seeking seamless connections across its extensive network. Batik Air CEO Datuk Chandran Rama Muthy said this expansion aligns with their commitment to strengthening connectivity between Malaysia and Australia. Batik Air first introduced direct flights from Kuala Lumpur to Melbourne in December 2022 with the Boeing 737, later expanding the service in December 2023 with the Airbus A330 to meet peak holiday demand. 'During our seasonal operations on this route, Batik Air's capacity has grown significantly, reflecting the rising demand for travel between the two countries,' said Chandran, highlighting a steady increase in load factors – from 50% in 2022 to over 65% in early 2025. In February alone, Melbourne Airport recorded 2,7 million passengers, including 930,356 international travellers, reflecting strong and increasing global travel demand. This new regular service will be operated by Batik Air A330, featuring 12 business class seats and 365 economy class seats. In addition to this direct service, Batik Air also offers daily flights via Denpasar, Bali (7 times weekly) utilising its B737, providing travellers with greater flexibility and more options to connect between Kuala Lumpur and Melbourne.
