Data & Financials

FedEx Corp. revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing shares to fall nearly 13% in trading Sept. 17.

Passenger traffic at Hong Kong International Airport (HKIA) dropped 12.4% year-over-year (YOY) in August to 6 million passengers as visitors avoid the territory amidst civil unrest.

Vietnam LCC Vietjet Air has reportedly placed an order for 15 Airbus A321XLRs, according to a Reuters report.

Aeroflot will split a preliminary order for 100 Superjet 100 regional jets into several firm contracts.

Azul Brazilian Airlines plans to double in size over the next five years as the carrier continues to grow its Embraer E2, Airbus A320neo and A330 fleets.

Tunisair Express, the regional subsidiary of the North African nation’s flag carrier, has ordered three ATR 72-600 regional turboprops.

Cathay Pacific Airways has reported substantial drops in passenger traffic for August, in its first monthly results to detail the effects on demand from Hong Kong’s continuing civil unrest.

Disruptions caused by Hurricane Dorian created more financial headwinds during an already sagging 2019 third quarter for Spirit Airlines, removing an estimated $25 million in revenue and pushing unit costs up, the Florida-based ULCC calculates.

China’s Juneyao Airlines reported a 2019 first-half net profit of CNY578.7 million ($84.3 million), down 6.4% compared to the year-ago half.

Turkish Airlines lowered its revenue guidance for 2019 in the face of decreasing demand and other factors that have hampered operations.

Taiwan’s China Airlines (CAL) has finalized an order for six Boeing 777F freighters in a deal worth $2.1 billion at list prices. The new aircraft will replace 747-400Fs currently in service.

Phoenix-based Mesa Air Group signed an MOU with Mitsubishi Aircraft Corp. (MITAC) Sept. 5 to enter negotiations to buy 100 SpaceJet M100 aircraft.

China Eastern Airlines posted a first-half net income of CNY2 billion ($28 million), down 14.8% from CNY2.35 billion in the year-ago period, as increased fuel costs, fluctuating currency rates and global trade disputes increased expenses.

Delta Air Lines continues to see strong demand into the fall and is confident it will hit its third-quarter guidance, although cost pressures are increasing.