|
1 | JetBlue reported a net loss of $192M for Q1, improving from a net loss of $255M in Q1 2022. While fuel expenses rose 34.1% YoY to $765M, passenger revenue increased by 36.1% YoY to $2.18B for the quarter. 
|
|
2 | Joby Aviation announced the third contract extension, worth $55M, with the U.S. Air Force for a total of $131M. The first two eVTOLs are expected to be delivered in early 2024 for cargo and passenger transportation. Earlier this month, four Air Force pilots flight-tested Joby's aircraft via remote control from the ground. |
|
3 | Investors are seeking answers in relation to Boeing halting the production of some Max 737 amid a quality issue involving parts supplier Spirit AeroSystems. The manufacturer delivered 130 aircraft in Q1. |
|
4 | Japanese micro-mobility operator Luup announced ~$32.2M in funding to expand its stations from the current 3,000 across markets such as Tokyo, Osaka, and Kyoto. The company began operating e-bikes in May 2020 and e-scooters in April 2021. |
|
5 | Belgian e-bike company Cowboy surpassed its crowdfunding goal of €1M ($1.09M) within 48 hours across 1,039 investors. In March, Cowboy revealed it developed a feature that automatically adapts e-bike power based on the environment. |
|
6 | FedEx revealed it would close down pilot bases in Anchorage, Los Angeles, and Cologne to cut structural costs. The courier previously announced its plan to increase its reliance on third-party operators as part of $1B in cost-cutting measures. |
|
7 | General Motors is raising its guidance for adjusted earnings for the full year from a range of $10.5B-$12.5B to $11B-$13B. The automaker, however, lowered its net income attributable to stockholders due to $875M in costs from an employee buyout program announced earlier this month. |
|
