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A Seattle jury cleared Boeing of MAX fraud on 22 May, rejecting LOT's $153mn damages claim. Ten days earlier, a Chicago jury awarded $49.5mn to the Stumo family. Two verdicts, opposite outcomes, same week.
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Norse Atlantic has hired JPMorgan for a sale process that could value it at $1.3bn including debt, as Q1 net losses deepened 60 per cent and passenger numbers fell 25 per cent in April amid fuel costs and route cuts.
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easyJet's H1 2026 pre-tax loss widened 40% to $740mn (552mn pounds) as fuel costs, legal provisions and new Italian base investments offset 12% revenue growth to $5.0bn and a record 90% load factor.
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FAA administrator Bryan Bedford told Congress on 19 May the agency had a "bad design" that caused the Reagan National crash, and announced a fundamental structural reorganisation designed to end data silos and strengthen safety accountability.
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Indian DGCA officials will travel to Seattle in June to observe Boeing's testing of a fuel-control switch module removed from an Air India 787 in February, Reuters reports, directly linking a London defect report to the Gujarat crash investigation.
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Ryanair posted a record $2.63bn profit in FY26, up 40 per cent, with revenue rising 11 per cent to $18bn. The carrier withheld FY27 guidance entirely, citing fuel price uncertainty and zero visibility on H2 pricing.
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LOT Polish Airlines opened the first airline trial over the 737 MAX crisis in Seattle on Monday, arguing Boeing hid MCAS safety concerns to avoid costly pilot retraining requirements that would have weakened its pitch against Airbus.
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IAG Q1 operating profit surged 77% on €7.18bn revenue, then the group issued a profit warning the same morning, flagging €9bn in fuel costs and free cash flow below the €3bn previously guided.
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Alaska Air has launched a $500mn senior notes offering due 2031, joining American and JetBlue in tapping debt markets — bringing the combined US airline fundraising total since the Iran fuel shock to over $2.1bn.
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Emirates posted a record $6.6bn group profit and $6.2bn airline profit for 2025-26, up 7 per cent despite Gulf disruption in February — widening the gap between Dubai and every other airline on earth.
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SWISS posted a CHF 30mn Q1 adjusted EBIT, nine times the prior-year result, but its own CFO flagged that exceptional March demand and a fuel cost lag made the quarter look better than it was.
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Lufthansa beat Q1 forecasts with a €612mn adjusted EBIT loss on record €8.7bn revenue — but warned of a €1.7bn fuel cost increase in 2026 and said full-year headroom has largely gone.