• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Finding the Right Deferred Sales Trust Company

December 21, 2025

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

December 21, 2025

10 Secret Discounts Only Seniors Can Claim This Winter

December 21, 2025
Facebook Twitter Instagram
Trending
  • Finding the Right Deferred Sales Trust Company
  • When $50 Costs You $500: The Coming Social Security ‘Income Cliff’
  • 10 Secret Discounts Only Seniors Can Claim This Winter
  • 5 Battle-Tested Strategies to Win Over Skeptical Customers
  • How Businesses Should Rethink Video Strategy for 2026
  • Manage Your Entire Company From One White-Label Platform for $280
  • I Spent $160,000 of My Family’s Savings to Bootstrap a Startup — Here’s What No One Tells You About Fundin
  • Mortgage rates slip, sticking near 2025 lows
Sunday, December 21
Facebook Twitter Instagram
Indenta
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Indenta
Home » Pratt engine issues easing but shortages to last through 2024 -airBaltic
Investing

Pratt engine issues easing but shortages to last through 2024 -airBaltic

News RoomBy News RoomAugust 9, 20232 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram
2/2

© Reuters. The Pratt & Whitney logo is seen on the side of an engine at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra

2/2

By Tim Hepher

PARIS (Reuters) – Shortages of Pratt & Whitney engines for Airbus A220 passenger jets have eased but it will take around 18 months before disruption is lifted altogether, the head of the airplane’s second-largest operator, airBaltic, told Reuters.

A recall of Geared Turbofan engines for larger Airbus A320s for inspections and possible repairs, which roiled the aircraft industry last month, does not affect the Canadian-designed A220 which was the first aircraft to use the fuel-saving powerplants.

A220 operators have still had to grapple with some durability issues, compounded by a shortage of spare engines and maintenance bottlenecks that have collectively reduced the supply of working engines and left dozens of planes grounded.

“Things have changed if we look at the engine. For us, it is getting better,” Chief Executive Martin Gauss said in an interview.

With more than 40 airplanes in its fleet, airBaltic is the second-largest operator of A220s after Delta Air Lines (NYSE:).

On average 11 of its A220s were out of action during the first-half, slowing an improvement in first-half earnings caused by buoyant air travel demand.

The extra downtime reflects some durability problems as engines come in for maintenance sooner than expected, though these are not as severe as those seen on the larger A320 in hot and dusty climates.

But the trend of so-called Unexpected Engine Removals is “going down significantly” after a recent modification involving a change of oil pipe, Gauss said ahead of the mid-year results.

“We now see this trend line changing. Assuming that it stays like this, I would say that at the end of 2024 we should have net zero missing engines.”

The Latvian airline has been forced to wet-lease replacement aircraft, meaning it hires jets complete with their crew and insurance, to help maintain its schedules.

Gauss said the number of grounded planes would fall in coming months as more engines become available, then rise again in the winter. He said the engines were delivering on promised fuel savings when they were fitted and cleared to fly.

“From the current forecast. I don’t see us going back to zero (missing engines) before the end of next year,” he said.

airBaltic said it had bounced back to a net profit of 14.6 million euros in the first half from a loss of 91.0 million a year earlier, as revenues grew 52% to a record 291.3 million.

The shortage of spare engines “significantly impacted our performance” in the second quarter, it said in a statement.

Reflecting a rebound in air traffic following the pandemic, the airline said July marked the first time since 2019 that it had carried more than 500,000 passengers in a single month.

Gauss said in June airBaltic is in talks with Airbus to buy 30 more A220s as it prepares for a possible IPO next year.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Finding the Right Deferred Sales Trust Company

Burrow December 21, 2025

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

Make Money December 21, 2025

10 Secret Discounts Only Seniors Can Claim This Winter

Savings December 21, 2025

5 Battle-Tested Strategies to Win Over Skeptical Customers

Make Money December 21, 2025

How Businesses Should Rethink Video Strategy for 2026

Investing December 21, 2025

Manage Your Entire Company From One White-Label Platform for $280

Make Money December 21, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

December 21, 20252 Views

10 Secret Discounts Only Seniors Can Claim This Winter

December 21, 20251 Views

5 Battle-Tested Strategies to Win Over Skeptical Customers

December 21, 20251 Views

How Businesses Should Rethink Video Strategy for 2026

December 21, 20252 Views
Don't Miss

Manage Your Entire Company From One White-Label Platform for $280

By News RoomDecember 21, 2025

Disclosure: Our goal is to feature products and services that we think you’ll find interesting…

I Spent $160,000 of My Family’s Savings to Bootstrap a Startup — Here’s What No One Tells You About Fundin

December 21, 2025

Mortgage rates slip, sticking near 2025 lows

December 20, 2025

Here’s How I Make $1,000 a Month Selling Thrift Store Finds Online

December 20, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Finding the Right Deferred Sales Trust Company

December 21, 2025

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

December 21, 2025

10 Secret Discounts Only Seniors Can Claim This Winter

December 21, 2025
Most Popular

We’re in a ‘Richsession.’ What’s That Mean for You?

August 29, 20236 Views

Student Loan Payment, Forgiveness Deadlines Loom In August And Beyond

August 10, 20236 Views

How Young Workers Are Creating a New Opportunity for Unions

May 23, 20255 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Inodebta. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.