United Airlines said more expensive jet fuel and a halt to the carrier’s Tel Aviv flights during the Israel-Hamas war will eat into its profits in the last three months of the year. For the current quarter, the Chicago-based carrier estimated adjusted earnings of between $1.50 and $1.80 a share, below analysts’ forecasts of $2.06. United would then earn between $9.55 and $9.85 a share, on an adjusted basis, down from its forecast in July of between $11 and $12 a share, based on its projection for the fourth quarter. Jet fuel prices in major U.S. airports are up nearly 25% since the start of summer. Its shares dropped around 4% in after-hours trading. United and other US and international carriers halted their flights to Israel earlier this month. United had more service to Israel than any of the U.S.-based airlines with service from Washington, D.C.; Newark, New Jersey; and San Francisco. United said its Q4 revenue will rise year over year between 9%, if Israel flights remain suspended through the end of the year, and 10.5% if the suspension lasts only through October. Its costs, excluding fuel, will likely rise between 3.5% and 5% in the fourth quarter from 2022, United said. The service suspension comes after a robust summer for air travel with revenue growth for international destinations outpacing sales of domestic tickets. That has put big, global carriers such as United and Delta on better footing than some discount airlines such as Spirit, which focus more on US cities and expect losses.<br/>
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Air Canada has opted for GE Aerospace GEnx-1B engines to power its latest batch of Boeing 787 Dreamliners ordered last month. The Star Alliance carrier already operates a fleet of 38 GEnx-powered 787-8/9 jets and GE has now confirmed the carrier has ordered more GEnx engines to power the 787-10s it ordered last month. The deal covers 18 787-10s on firm order that are due for delivery between 2025-2027, as well as options on a dozen more Dreamliners. Air Canada vice-president, maintenance, Joshua Vanderveen says: “Air Canada is a long-standing GE Aerospace customer, and we are delighted to support our fleet renewal with these highly efficient GEnx engines to provide commonality and synergies across our Dreamliner fleet.” GEnx engines, alongside Rolls-Royce Trent 1000s, are one of two powerplants available on the Dreamliner.<br/>