The Latest Breaking News from Aviation

Green aviation fuel first praise as Jet Zero Strategy sees government commit to five plants by 2025

Phillips 66 to more than double production after celebrated first commercial supply

Birmingham Post · Jul 19, 2022

DGCA issues show cause notice to SpiceJet for 'failing to establish safe, efficient and reliable air services'

India's aviation regulatory body Director General Civil Aviation (DGCA) has issued show cause notice to India's low-cost carrier SpiceJet over failure to establish safe, efficient and reliable air services. Read more on Dynamite News:

Dynamite News · Jul 6, 2022

GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co (NYSE:GE) has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately. GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business. GE named Russell…

Benzinga · Jun 27, 2022

Garmin Beats on Q1 Earnings; Margins Shrink Amid High Freight Cost, Component Supply Crisis

Garmin Ltd (NYSE:GRMN) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.17 billion, beating the consensus of $1.12 billion. Revenue from Fitness declined 28% Y/Y to $220.9 million, Outdoor rose 50% Y/Y to $384.6 million, Aviation improved 1% Y/Y to $174.8 million, Marine jumped 21% Y/Y to $254.1 million, and Auto sales…

Benzinga · Apr 27, 2022

GE Reiterates FY22 Outlook At Its 2022 Investor Day

General Electric Co (NYSE:GE) is hosting its 2022 Investor Day at its Power and Aviation facilities in Greenville, South Carolina. Link to the event. The company reaffirmed its FY22 outlook for organic revenues to grow in the high-single-digit range and the adjusted organic profit margin to expand by 150+ basis points. Adjusted…

Benzinga · Mar 10, 2022

GE Stock Slides As Supply Chain Headwinds Masks Progress

General Electric Co (NYSE:GE) issued an investor newsletter, mentioning continued supply chain pressure across most of its businesses as material and labor availability and inflation affect Healthcare, Renewable Energy, and Aviation. GE expects these challenges to persist at least through the first half of the year. GE said it had included such…

Benzinga · Feb 18, 2022

Garmin Tops Q4 Backed By Mixed Segment Performance; Proposes Dividend Hike

Garmin Ltd (NYSE:GRMN) reported fourth-quarter FY21 revenue growth of 3% year-on-year to $1.39 billion, beating the consensus of $1.36 billion. Revenue from Fitness was flat Y/Y at $470 million, Outdoor declined 8% Y/Y to $378.2 million, Aviation improved 13% Y/Y to $177.6 million, Marine jumped 14% Y/Y to $196.5 million, and Auto sales…

Benzinga · Feb 16, 2022

GE Q4 Revenue Misses Street View; Expects Revenue Growth In FY22

General Electric Co  (NYSE:GE) reported a fourth-quarter FY21 revenue decline of 3% year-over-year to $20.30 billion, missing the consensus of $21.48 billion. Total orders declined by 5% Y/Y to $22.1 billion and decreased by 4% on an organic basis. Adjusted EPS was $0.82, up by 67% Y/Y, while GAAP Continuing EPS loss was…

Benzinga · Jan 25, 2022