The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programs and services. First-quarter GAAP earnings per share increased to $2.34 and core earnings per share (non-GAAP) increased to $2.01.
The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2016 showing demand (revenue passenger kilometers or RPKs) rose 6.3% compared to 2015 (or 6.0% if adjusted for the leap year).
This year air transport is expected to grow to $769 billion, according to forecasts made by IATA. Airline CFOs and heads of cargo reported in October last year that they were still positive about future growth in air travel, and were a bit more positive about cargo.
The FAA announced that U.S. airlines would no longer be required to make a pre-boarding announcement to passengers that the Samsung Galaxy Note7 phone is prohibited from transport on aircraft.
Airbus has tested on an A330 development aircraft its new standard High-Bandwidth Connectivity (HBC) on-board architecture.
A milestone agreement to control CO2 emissions has been reached among 191 countries participating at the International Civil Aviation Organization’s (ICAO) 39th Assembly, in Montreal.