logo
Jumbo jets have almost disappeared, but one airline is sticking with them

Jumbo jets have almost disappeared, but one airline is sticking with them

The Age2 days ago
It was easy to spot the aviation geeks walking past gate B32 at Frankfurt Airport.
Each slowed from their purposeful stride, or stopped entirely, transfixed. For parked on the apron in the near darkness, with twinkling navigation lights suggesting imminent distant adventures, was a Boeing 747-8. Huge, majestic – and very rare.
There are 25,000 blue whales, an animal to which the jumbo jet is frequently compared, navigating the planet, but now only about 50 747s in active passenger service, the vast majority of top-tier carriers (including Qantas in 2020), having retired them in favour of newer models.
Their decline has been long and drawn out, but was hastened by the COVID pandemic, which saw hundreds sold to cargo airlines or simply scrapped. It seems this four-engine behemoth, first flown commercially in 1970, is no longer financially viable in an era of increasingly-efficient twin-engined jets. The final passenger-configured jumbo was delivered eight years ago, and Boeing has no plans to restart the production line.
But one European airline hasn't turned its back on the 747 just yet. Germany's Lufthansa, perceived by many to be aviation's kings of efficiency, still operates 27 jumbo jets – 19 of the newer 747-8s, and eight older, slightly smaller 747-400s – and is even upgrading some jumbo jet interiors with swanky new Allegris seats as part of a €2.5 billion ($A4.4 billion) Lufthansa fleet-wide refit.
Why the lingering attachment? Part of the reason is simple and unromantic economics. According to aviation analysts, operations out of its Frankfurt and Munich hubs are each at take-off slot capacity.
So, with flight numbers capped, Lufthansa really needs its biggest aircraft, and the 364-seat 747s-8s drop neatly between the Airbus A350 (293 seats) and A380 (455 seats).
Furthermore, jumbos, despite their age, have a cracking range of nearly 13,000 kilometres and remain among the fastest passenger jets in the sky (reaching speeds of more than 1100 km/h).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Home values continue to rise as Sydney median hits $1.5 million
Home values continue to rise as Sydney median hits $1.5 million

Sydney Morning Herald

time5 hours ago

  • Sydney Morning Herald

Home values continue to rise as Sydney median hits $1.5 million

House values across the country are gaining pace and hitting record highs in most capital cities as a shortage of properties for sale and previous cuts to official interest rates risk adding to the nation's housing affordability crisis. As figures showed a substantial pick-up in the number of new homes being approved for construction, Cotality's measure of dwelling values rose by 0.6 per cent in July to be 1.8 per cent up over the past three months. In Sydney, the median house value has climbed through the $1.5 million mark, increasing by 0.8 per cent last month to be 3.3 per cent up since the start of the year. Melbourne's median house value increased by 0.4 per cent to $952,000. Although up 2.8 per cent so far this year, values in Melbourne are still short of the peak hit during the COVID pandemic, when the official cash rate was at 0.1 per cent. House values in Brisbane ($1.019 million) and Adelaide ($895,726) lifted by 0.7 per cent last month, while they increased by 0.9 per cent in Perth ($869,689) and by 0.6 per cent in Canberra ($984,723). Loading Cotality research director Tim Lawless said July was the sixth consecutive month of higher property values, which had started increasing after the Reserve Bank's February interest rate cut. 'At the national level, the pace of growth in housing values is no longer accelerating,' he said. 'Rather, we have seen growth rates holding a little above half a per cent from month to month since May as the opposing influence of low supply, falling interest rates and rising confidence run up against affordability constraints and lingering uncertainty.'

Home values continue to rise as Sydney median hits $1.5 million
Home values continue to rise as Sydney median hits $1.5 million

The Age

time5 hours ago

  • The Age

Home values continue to rise as Sydney median hits $1.5 million

House values across the country are gaining pace and hitting record highs in most capital cities as a shortage of properties for sale and previous cuts to official interest rates risk adding to the nation's housing affordability crisis. As figures showed a substantial pick-up in the number of new homes being approved for construction, Cotality's measure of dwelling values rose by 0.6 per cent in July to be 1.8 per cent up over the past three months. In Sydney, the median house value has climbed through the $1.5 million mark, increasing by 0.8 per cent last month to be 3.3 per cent up since the start of the year. Melbourne's median house value increased by 0.4 per cent to $952,000. Although up 2.8 per cent so far this year, values in Melbourne are still short of the peak hit during the COVID pandemic, when the official cash rate was at 0.1 per cent. House values in Brisbane ($1.019 million) and Adelaide ($895,726) lifted by 0.7 per cent last month, while they increased by 0.9 per cent in Perth ($869,689) and by 0.6 per cent in Canberra ($984,723). Loading Cotality research director Tim Lawless said July was the sixth consecutive month of higher property values, which had started increasing after the Reserve Bank's February interest rate cut. 'At the national level, the pace of growth in housing values is no longer accelerating,' he said. 'Rather, we have seen growth rates holding a little above half a per cent from month to month since May as the opposing influence of low supply, falling interest rates and rising confidence run up against affordability constraints and lingering uncertainty.'

Harvest Tech posts 135% revenue growth
Harvest Tech posts 135% revenue growth

Herald Sun

time10 hours ago

  • Herald Sun

Harvest Tech posts 135% revenue growth

Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Harvest Technology Group records 135% YoY increase in quarterly revenue Raises $970,000 through mix of debt and convertible note instruments Dual lists on Frankfurt Stock Exchange to broaden investor base Special Report: Harvest Technology Group has recorded a 135% YoY increase in quarterly revenue, reaching $1.1 million in Q4 FY25, with the company expecting to exceed $3.5 million in total revenue for the full year. Cash receipts for remote communications tech-solutions provider Harvest Technology Group (ASX:HTG) for the June quarter came in at $631,000 with net cash inflows of $127,000. Net operating cash outflows for the quarter totalled $662,000 including $570,000 in R&D, $205,000 in staff, $17,000 in sales and marketing, $371,000 in corporate and administration, $105,000 in interest and $25,000 in other costs. HTG strengthened its balance sheet during the quarter, raising $970,000 (before costs) through a mix of debt and convertible note instruments including: $450,000 in unsecured convertible notes launched on June 30; $130,000 in secured convertible notes launched on June 27; and $390,000 short-term loan from managing director. After quarter end, HTG received a further $530,000 in funding in July through additional convertible notes and another loan from the managing director. In June HTG said it was tracking one year ahead of its pathway-to-profit plan as it focused on achieving a positive EBITDA before July 2026. As of June 30, HTG had $723,000 cash. Listing on Frankfurt Stock Exchange In a significant step toward expanding its international presence, HTG listed its shares on the open market segment of the Frankfurt Stock Exchange in April 2025. The dual listing is expected to broaden the investor base and increase visibility across European capital markets, with the company already experiencing an increase in trading volumes across both exchanges. In other key developments during the June quarter, HTG appointed Hugh Bickerstaff as sales and marketing director and strategic advisor. Bickerstaff brings deep expertise in founding and scaling some of Australia's fastest-growing technology businesses and is an experienced mentor in the sector. Start of Project Neon and new customer wins HTG also started project Neon, an Edge AI-enabled solution aimed at improving real-time decision-making in remote environments. The company secured new customer wins including two subsea services clients, with initial hardware sales and software subscriptions scheduled to begin in Q1 FY26. Additionally, the company expanded deployments across an existing customer fleet, unlocking further hardware sales and an uplift in recurring revenue from software. HTG continued engagement with a European defence customer via its Australian channel partner and began deploying its Nodestream technology across a new uncrewed surface vessel fleet in the Middle East. Enhancements to Nodestream platform In a major product milestone, HTG successfully integrated its Autopilot and Nodestream systems into a single, IP-rated enclosure. The robust weatherproof design simplifies installation and reduces the equipment footprint for deployment on autonomous vehicles and maritime vessels. The company also delivered significant improvements to its Nodestream platform during the quarter including a doubling of available data channels from 10 to 20, enabling more data-intensive operations. Additionally, the user interface has been overhauled to provide a more intuitive and efficient user experience. A comprehensive user permissions framework was introduced in Nodestream Live, improving access control and collaboration across distributed teams. This article was developed in collaboration with Harvest Technology Group, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Harvest Tech posts 135% quarterly revenue surge

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store