Airbus Q1 Profits Plummet, Amsterdam's Airport Plans to Ban Private Jets, and More

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Airbus Q1 Profits Plummet as Supply Chain Woes Continue

Airbus experienced a decline in revenues and net profit in Q1 2023 due to ongoing supply chain issues causing a drop in aircraft deliveries. The company delivered 127 aircraft in the first quarter, down from 142 in the same period last year. Revenues fell by 2% to €11.76 billion ($13.0 billion), while net profit plummeted by 62% to €466 million.

Supply chain difficulties persisted, and the Russian invasion of Ukraine further complicated part sourcing. Despite these challenges, Airbus maintains its 2023 outlook of increasing commercial aircraft deliveries from 661 to 720. source

Photo by Géraud Gordias on Unsplash

United Airlines Aims for 15,000 New Hires in 2023

United Airlines announced plans to hire 15,000 new employees by the end of 2023, with 7,000 already onboarded in the year's first four months. This hiring surge follows a trend in the airline industry as air travel rebounds from the pandemic.

United's new hires include 4,000 flight attendants and 2,300 pilots, with some replacing retirees. The airline is also hiring for various other roles such as customer service representatives and maintenance technicians.

A potential future bottleneck is expected with aircraft technicians, as a significant portion of United's technicians are already eligible for retirement. source