/Jeff Peet

About Jeff Peet

This author has not yet filled in any details.
So far Jeff Peet has created 13451 blog entries.

Gulfstream G550 completes 1 millionth flight

Source: Gulfstream Award-Winning Fleet Continues to Achieve Major Milestones Gulfstream Aerospace Corp. announced the high-performing G550 fleet recently completed its 1 millionth landing, proving the long-lasting durability of the aircraft and its continued performance excellence. To date, the G550 fleet has logged 2.6 million flight hours. “Two decades after the aircraft entered service, the G550 continues to achieve in-service milestones and add to its impressive list of accolades as evidenced by this 1 millionth landing,” said Mark Burns, president, Gulfstream. “This is a testament to the quality of the G550 and the technology that Gulfstream introduced on this aircraft, which paved the way for our next-generation fleet. The G550 is also backed by Gulfstream’s Customer Support worldwide network, which helps [...]

2023-08-11T17:58:59+03:00August 11th, 2023|MANUFACTURERS, News|
Read More

Copa Holdings Reports Financial Results for the Second Quarter of 2023

Source: Copa Holdings Copa Holdings, S.A., announced financial results for the second quarter of 2023 (2Q23). The terms "Copa Holdings" and the "Company" refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the second quarter of 2022 (2Q22). Operating and Financial Highlights Copa Holdings reported a net profit of US$17.5 million for 2Q23 or US$0.44 per share. Excluding special items comprised of the unrealized mark-to-market net loss of US$137.0 million related to the Company's convertible notes, as well as changes in the [...]

2023-08-11T20:52:47+03:00August 11th, 2023|AIRLINES, News|
Read More

Latin American and Caribbean domestic market leading in recovery

Source: ALTA Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela, the top recovering markets in June Latin America and Caribbean (LAC) is once again leading the world ranking in air passenger traffic recovery by carrying, during June, 29.2 million passengers, a figure 1.8% above its pre-pandemic levels. This growth vs. 2019 was driven by the domestic market, while the international market kept 2% below its 2019 levels, as highlighted by the Air Traffic Report submitted each month by the Latin American and Caribbean Air Transport Association (ALTA). Argentina was the most outstanding country in the recovery of domestic air traffic with a 16% growth compared to June 2019. This milestone is related to the increase in traffic To/From Bariloche, where [...]

2023-08-10T02:19:37+03:00August 10th, 2023|News, ORGANISATIONS|
Read More

Canadian Minister of Transport announces new funding to improve and increase capacity for cargo destined for the North at Ottawa International Airport

Source: Transport Canada An efficient and reliable transportation system is essential to making life more affordable for Canadians and combatting the rising cost of living. The Government of Canada is committed to ensuring our supply chains grow the economy and create good, middle-class jobs for Canadians, while making them resilient and adaptable to the effects of climate change. Today, the Minister of Transport, the Honourable Pablo Rodriguez, announced an investment of up to $11 million under the National Trade Corridors Fund. This investment will be used to build a new cargo facility for Canadian North, the Inuit-owned airline. To further enhance this commitment, Canadian North will be matching the Government of Canada’s investment, bringing the total combined funding for this [...]

2023-08-10T02:08:32+03:00August 10th, 2023|AIRPORTS, News|
Read More

Fraport’s First-Half Financial Performance Boosted by Passenger Growth Across the Group

Source: Fraport Double-digit growth rates at many Group airports worldwide – Revenue up 33.8 percent driven by higher passenger volumes – Group result in positive territory at €85.0 million – FY outlook updated with more precise projections Peru’s Lima Airport (LIM) achieved a recovery rate of 85.4 percent compared to 6M/2019 At the two Brazilian airports of Fortaleza (FOR) and Porto Alegre (POA), combined traffic recovered to 84.7 percent of the pre-pandemic 6M/2019 levels The Fraport global airport company achieved growth in all major key financial indicators during the first half of 2023 (ending June 30). The increase was supported by higher passenger volumes across the Group’s airports. Group revenue rose by 33.8 percent year-on-year to €1,804.3 million in the [...]

2023-08-10T02:07:02+03:00August 10th, 2023|AIRPORTS, News|
Read More

Turkish Airlines finished the second quarter of the year with 635 million USD Net Profit with strong recovery on international demand

Source: Turkish Airlines Turkish Airlines finished the second quarter of 2023 with 635 million USD net profit by responding strong international demand with 28% higher passenger capacity than the 2019 level. Through its 90 years of experience and successful crisis management, Turkish Airlines once again showed its ability to overcome the negative circumstances surrounding our industry since 2020. In the second quarter, our Incorporation’s total revenue reached to 5.1 billion USD increasing by 13.5% compared to the same period last year. Due to decelerating global trade and earthquake impact, our cargo revenues decreased by 44% year-over-year to 600 million USD, %53 higher than the 2019 level. While global international airline capacity in the second quarter of 2023 was 12% below [...]

2023-08-10T01:41:39+03:00August 10th, 2023|AIRLINES, News|
Read More

Airports Council Releases 2022 North America Airport Traffic Rankings

Source: ACI-NA Airports Council International – North America (ACI-NA), the trade association representing commercial service airports in the United States and Canada, today released its 2022 North American Airport Traffic Summary containing passenger, cargo, and aircraft operations data from 277 North American airports. “While the COVID-19 pandemic seriously affected air travel across North America and around the world, our airports continue to recover and provide even better, safer, and more efficient travel experiences for passengers,” said ACI-NA President and CEO Kevin M. Burke. “The innovative technology, facilities, and services airports across North America are implementing have helped prepare them to handle the significant uptick in traffic we are seeing now. There is no doubt that our industry is meeting the [...]

2023-08-10T01:38:34+03:00August 10th, 2023|AIRPORTS, News, ORGANISATIONS|
Read More

Turkish Airlines carried 8.6 million passengers with an increase of 9% in July 2023

Source: Turkish Airlines Turkish Airlines announced passenger and cargo traffic results for July with an increase in passenger capacity by 6.7% compared to that of 2022, and total load factor of 85.8% while carrying 8.6 million passengers. According to July 2023 Traffic Results; The number of carried passengers increased by 9% compared to the same period of 2022 and reached 8.6 million. International load factor was 84.8% while domestic load factor was 94.2%. Number of international to international passengers carried increased by 11.6% from 2.4 million in 2022 to 2.7 million in this period. Available seat kilometers (ASK), increased by 6.7% to 21.9 billion during the period of July 2023 from 20.5 billion for the same period of 2022. Cargo/Mail [...]

2023-08-10T05:16:32+03:00August 10th, 2023|AIRLINES, News|
Read More

WestJet reports August long weekend operational success

Source: WestJet Airline flew more than a quarter of a million guests across network from August 4 – 7, 2023 Canada's 2023 summer travel season continues to see demand in excess of pre-pandemic levels and the August Long Weekend was no exception. Flying more than a quarter of a million guests, WestJet reported a strong operational performance throughout one of Canada's busiest travel weekends. Reporting a completion factor of 98.3 per cent and an on-time performance of 66.2 per cent of all flights throughout the August long weekend, the airline continues to demonstrate continued operational improvements to support the travel plans of its guests. "As we pass the halfway mark of summer, we are seeing our commitment to operational excellence [...]

2023-08-10T05:22:41+03:00August 10th, 2023|AIRLINES, News|
Read More

American Airlines participates in first-of-its-kind research on contrail avoidance

Source: American Airlines American Airlines announced today the findings of a first-of-its-kind study on contrail avoidance, with results verified by satellite imagery, aimed at reducing aviation’s environmental impact. Contrails form when airplanes fly through layers of humidity, and they can persist as cirrus clouds for minutes or hours depending on the conditions. While these extra clouds can reflect sunlight back into space during the day, certain contrails can trap heat within the Earth’s atmosphere at night. The study, led by Google Research and Breakthrough Energy and with support from American, tested whether it is possible to identify atmospheric zones that are likely to create contrails. The team then determined whether pilots could avoid making contrails in flight when supplied with [...]

2023-08-09T17:53:02+03:00August 9th, 2023|AIRLINES, News|
Read More
Copyright 2020 Iatrou Inc.