Air Canada is lowering its 2024 forecast as it grapples with tough competition in international markets and its planes aren’t as full as it anticipated during the second half of the year. The airline says it now expects its adjusted earnings before interest, taxes, depreciation and amortization for the year to be within C$3.1b to $3.4b, down from its previous outlook of $3.7b to $4.2b. The new outlook comes as the company reported preliminary results for the second quarter ahead of its next earnings date of Aug. 7. Air Canada says it expects operating revenues of around $5.5b for its second quarter, compared with $5.4b in the same quarter last year. It also expects operating income of $466m, down from $802m in the second quarter of 2023. The carrier says it is effectively managing costs through productivity, cost reductions and other cost discipline initiatives.<br/>
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Turkish Airlines is close to placing its highly telegraphed order for Boeing aircraft but is not expecting to announce anything at this year’s Farnborough air show as negotiations over engine costs continue. “Yes, the engines are the issue,” said Turkish Airlines chair Ahmet Bolat during a media roundtable at the show. “We had a discussion this morning with the [CFM and GE] executive team and I think we are close,” he adds. Having finalised an order covering 150 A321neos and 70 A350s from Airbus at the end of 2023, Turkish was due to follow it with a commitment for 150 737 Max jets and 75 787s from Boeing, but negotiations over the cost of the former’s CFM International Leap-1B powerplants have continued for months. “The important thing is to fly the aircraft effectively and efficiently, and we are not going to announce anything in Farnborough… I can say that,” Bolat states. Turkish and its low-cost unit AJet operate a mixed fleet of Airbus and Boeing types, covering more than 450 aircraft.<br/>
De Havilland Aircraft of Canada has logged commitments for seven refurbished Dash 8-400 aircraft from Japan’s All Nippon Airways, along with a string of orders by other operators in Europe and African operators. The Star Alliance operator has signed a letter of intent to purchase the seven turboprops, which it says will be delivered from 2025 as part of fleet renewal efforts. The turboprops will be modified – under its OEM-certified refurbishment programme – to match the specifications of the airline’s existing Dash 8 fleet. ”De Havilland will procure and re-condition the aircraft that will be certified according to original manufacturer specifications and delivered to ANA under warranty,” the airline states. Separately, the airframer recorded two aircraft orders from Wideroe in Norway, one of De Havilland’s oldest customers. Wideroe currently operates 42 of the type according to Cirium fleets data, and transports about 2.8m passengers annually to 40 destinations.<br/>