Data & Financials

American Airlines is trimming its revenue outlook for the first quarter, citing financial costs and disruptions related to the grounding of the company’s fleet of Boeing 737 MAX 8 aircraft and the temporary removal of 14 Boeing 737-800 aircraft for maintenance.

Boeing is confident that its move to cut 737 production nearly 20% later this month will have minimal effect on delivery schedules for the non-MAX aircraft still being made, including the remaining 737NGs headed for airlines.

Airbus secured a second firm order for Airbus A330-800s after Uganda Airlines firmed up an earlier MOU for two of the type.

Ukraine International Airlines (UIA)—which had planned to take delivery of three Boeing 737 MAX 8s beginning in mid-April—will adjust its summer schedule as deliveries of the type are postponed until the US manufacturer’s flight-control software upgrade is certified and the grounding is lifted.

Nigeria’s Air Peace ordered 10 Embraer E195-E2s and took purchase rights on 20 more, becoming the first E2 operator in Africa.

China Eastern Airlines posted a 2018 net profit of CNY2.71 billion ($394 million), down 57.4% compared to CNY6.35 billion achieved in 2017.

Latvian carrier airBaltic reported a 2018 net income of €5.4 million ($6.04 million), a 46% increase from €3.7 million in 2017.

Royal Jordanian reported a 2018 net loss of JD5.9 million ($8.3 million), compared to a net profit of JD274,000 in the previous year, with the shutdown of its Royal Wings subsidiary and shifts in exchange rates contributing to the weak performance, the airline said.

Slovenian flag carrier Adria Airways and Russian manufacturer Sukhoi Civil Aircraft Co. (SCAC) have failed to convert the airline’s November 2018 letter of intent to acquire 15 Sukhoi Superjet 100 (SSJ100) regional jets into a firm order after they were unable to reach an agreement on contract terms.

Central and Eastern European LCC Wizz Air expects its profit for the financial year will come in at the high end of its estimate, thanks to robust demand.

China Southern Airlines saw its 2018 annual profit shrink to CNY2.98 billion ($433 million), down 51% year-over-year (YOY), because of increased operating expenses and external economic factors.

UK LCC easyJet—which confirmed flights would continue to operate even in the event of a no-deal Brexit—has warned that uncertainty over Brexit is curbing customer demand, leading to a more cautious outlook for the second half of the year.

Spanish leisure airline Evelop Airlines has taken delivery of its first of two Airbus A350 XWBs, while African flag carrier Mauritania Airlines has accepted its first Embraer E175.

EgyptAir received its first Boeing 787-9 Dreamliner on March 28. The Star Alliance member will lease a total of six of the type.

Hanover, Germany-based TUI Group expects the Boeing 737 MAX 8 grounding will cost the company €200 million ($225 million) if flights can be resumed by mid-July at the latest.