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Pratt & Whitney

Manufacturer · 85 articles
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16 Sept

Jill Albertelli becomes Pratt & Whitney’s new torchbearer

RTX has appointed Jill Albertelli as the next president of engine manufacturer Pratt & Whitney after the current…

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2 sources16 Sept

Hermeus obtains license to manufacture Pratt & Whitney F100 fighter jet engines

2 sources17 Sept

Wizz Air cuts capacity forecast as Iran war fuels industry's cost crunch

2 sources30 Jul

Icelandair expands A320neo fleet with Aircastle deal

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Mint Turbines gains Pratt & Whitney Canada overhaul designation

Mint Turbines has been named a Pratt & Whitney Canada Designated Overhaul Facility, expanding the independent maintenance provider’s portfolio of original equipment manufacturer authorisations, the company said. The designation allows Mint Turbines to perform Pratt & Whitney Canada-approved overhaul services for PT6A and PT6T series engines, subject to the manufacturer’s requirements for quality systems, technical […]

AviTraderAviTrader•Heike Tamm18 Sept
  • neutral toward Pratt & Whitney · 98%

Wizz Air cuts capacity forecast as Iran war fuels industry's cost crunch

Budget carrier Wizz Air on Thursday said it had cut its planned capacity ⁠for the second half of its fiscal year by 5%, joining rivals in scaling back growth plans as the Iran war continues to drive a sharp rise in fuel costs. The worst airline crisis in terms of ‌costs since the COVID-19 pandemic, the U.S.-Iran war has sent the global aviation industry into a severe cost shock, with Latvian airline airBaltic becoming the first ‌European carrier to file for bankruptcy earlier this week due ‌to the conflict. While full-service flag carriers have generally proved more resilient than ‌budget operators, whose business models ‌rely on cheap fares, even larger U.S. carriers have scaled back their planned flight schedules as surging fuel prices threaten earnings. Wizz Air ‌upgraded its revenue per available seat kilometre (RASK) forecast for ⁠the second quarter running from July to September to flat year-on-year, from a previous forecast of "down low single digits," after a stronger-than-expected summer revenue performance, sending shares up ⁠more than 3% ⁠in early trade. The Hungarian airline set out medium-term financial targets of achieving €10 billion ($11.47 billion) in revenue and a 10% EBIT margin by fiscal year 2030 as ⁠it seeks to restore sustainable profitability after a turbulent stretch. It also plans to operate an all-new-engine-option fleet of 335 aircraft and carry 127 million passengers by fiscal year 2030, up from the 269 aircraft it currently operates and the 69.7 million passengers it carried in its last financial ‌year. The targets mark a pivotal moment for Wizz Air, which has spent the past two years battling grounded aircraft from Pratt & Whitney engine issues, surging fuel costs from the Iran war and a bruising stretch of losses, as it attempts to convince investors it can translate its ultra-low-cost model into durable returns.

MBMobile Business•Reuters17 Sept
  • neutral toward Wizz Air · 99%

How Pratt & Whitney Traded The Widebody Engine Market For Narrowbody Dominance

For decades, Pratt & Whitney was one of the three dominant names in large commercial aircraft propulsion. Its PW4000 family powered hundreds of widebodies, including early Boeing 777s, 767s, and 747s, as well as Airbus A330s.Today, however, the competitive landscape looks dramatically different, and new-generation passenger widebody entering service are powered by either GE Aerospace or Rolls-Royce, leaving Pratt & Whitney absent from an entire generation of flagship aircraft.

Simple FlyingSimple Flying•Chris Loh24 Aug