Boeing Commercial Airplanes president and CEO Ray Conner stated (17-Jun-2013) the 737 MAX has now recorded more than 1,300 orders and the programme continues to reach key milestones on schedule. Production rate increases on the 737, 777 and 787 programs have been successfully executed, and future rate breaks remain on target. Mr Conner added that conversations with customers are helping to rapidly define the 777X and 787-10X and the company wants to "maintain our lead of the widebody segment and grow it even more", which he believes the new aircraft will allow it to do. [more - original PR]
Boeing reports 737 programme on schedule, working with customers on 787-10X and 777X
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While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
The road ahead was perceived to be one that was both a very different, and far easier, one than the one Iran had already travelled. Aviation in particular was a sector that was expected to shine and lead the way for a new era for the country.
Hawaiian Airlines: cost creep casts a slight shadow over a favourable PRASM performance
Hawaiian Airlines’ geography has been a boon for the airline throughout 2016 as the company’s unit revenue performance has outpaced that of its peers. Hawaiian has benefitted from immunity to the lack of pricing traction in many domestic markets on the US mainland, and rational capacity deployment on is largest North American routes.
The company expects to continue posting a unit revenue outperformance for the remainder of 2016, driven by still favourable capacity trends in its markets. Hawaiian’s own capacity growth is expected to fall between 3% and 4% for 2016, and remain in the low- to mid- single-digit range for the foreseeable future.
Although Hawaiian continues to outperform the industry in unit revenue, the company is facing inflated unit costs in 2016 driven by several factors, including increased compensation and technology investments. The airline is also in the middle of pilot negotiations, and has acknowledged additional cost headwinds once a new collective bargaining agreement is reached.