Source: IAG International Airlines Group ('IAG' or the 'Group') is pleased to announce it has agreed (the 'Agreement') with Globalia to acquire the remaining 80 per cent of issued share capital of Air Europa (the 'Acquisition'). The consideration is €400 million, including €200 million upon closing, comprising €100 million in IAG ordinary shares[1] and €100 million cash, followed by a further €100 million payable in cash on each of the first and second anniversaries of closing. The Agreement is subject to regulatory and other approvals, which could take around 18 months. This Agreement follows the conversion made by IAG on 16 August 2022 of a €100 million seven-year unsecured loan to Globalia into a 20 per cent equity stake in Air Europa. Strategic rationale The Board of IAG believes that the Acquisition [...]

Source: Avelo Airlines Avelo’s four new exclusive routes will provide affordable, convenient and reliable nonstop air service to LA and Orlando Brownsville / South Padre Island will be Avelo’s first home-state market Avelo to offer the only nonstop flights to both SpaceX’s LA headquarters and Florida’s Space Coast from SpaceX’s South Texas spaceport Introductory one-way fares start at $49 Avelo Airlines announced it is continuing to expand its national network with the addition of three new destinations: Brownsville-South Padre Island, Texas; Charlottesville, Virginia; and Colorado Springs, Colorado. With the addition of these three new markets, Avelo will now serve 35 destinations across the U.S. Avelo Airlines Chairman and CEO Andrew Levy said, “Avelo is growing again. The addition of these three [...]

Source: JetBlue New York City-based JetBlue, joined by New York Governor Kathy Hochul and other partners and leaders, celebrated a key milestone in the Port Authority of New York and New Jersey's transformation of John F. Kennedy International Airport (JFK) with the groundbreaking of a $4.2 billion project to develop a new international Terminal 6. The groundbreaking, held Thursday at JetBlue’s JFK maintenance hangar, only reinforces the airline’s commitment to JFK, Queens, and New York. New York Governor Kathy Hochul (seventh from right) and JetBlue CEO Robin Hayes (first right) joins leaders for the JFK Terminal 6 groundbreaking. (Photo courtesy: Office of the Governor of New York) The new Terminal 6 will connect seamlessly with JetBlue’s current home at Terminal [...]

Source: SAS We are pleased that so many passengers are returning to SAS. Passenger demand continued the strong trend during the first quarter. SAS’ total number of passengers grew by 48 percent compared to the same period last year. Our flown load factor of 69.3 percent was at pre-pandemic levels of 69.5 percent for the first quarter in FY2020. At the same time, our currency-adjusted passenger yield increased almost 7 percent compared to the first quarter in 2022. Due to our normal seasonality, the winter season is slower with relatively lower passenger numbers. Economic uncertainties with increasing interest rates and cost inflation are likely to affect the travel industry going forward but the overall underlying demand for travel remains healthy [...]

Source: Southwest Airlines The coffee options inflight at Southwest Airlines just got even cooler with Community Coffee’s Espresso + Cream iced coffee available onboard for Customers to purchase for $4. Community Coffee has been the official inflight coffee of Southwest Airlines since 2016, and we are excited to welcome this new drink onboard—especially after learning from Mintel that 42% of Gen Z consumes cold coffee. Espresso + Cream will be served on 4,000 flights per day, spanning over 100 destinations in 42 states as well as Puerto Rico, Mexico, Central America, and the Caribbean. Community Coffee supported the launch by stopping at Southwest Airlines’ hub locations across the nation to introduce Espresso + Cream to Flight Crews.

Source: American Airlines Smith will assume role April 30 following retirement of current chairman and former American Airlines CEO Doug Parker Longtime board members Ray Robinson and Jim Albaugh will retire from board at end of current term American Airlines Group Inc. announced that Greg Smith has been named independent chairman of the company’s board of directors, effective April 30, 2023. Smith, 56, will succeed Doug Parker, who will retire from the board at that time. Smith’s appointment is part of the board’s long-term succession planning process. “Our CEO transition has been flawless thanks to the great work of Robert Isom, his team and our board,” said Parker. “Now is the right time for our chairman transition and we are [...]

Source: Alaska Airlines Alaska Airlines is the only U.S. major airline to offer a subscription plan that enables guests to earn miles and book flights in advance with no blackout dates. We're celebrating our one-year anniversary with a promotion for new subscribers and a look back at the program's growth. Starting today, new subscribers who register for Flight Pass by March 8 will be eligible for 20% off the first three months of their subscription*. "Flight Pass is growing steadily, and members are renewing their subscriptions because of the value and flexibility." "With Flight Pass, subscribers can book roundtrip flights to destinations including San Francisco, Las Vegas and now Salt Lake City at a fixed and consistent price," said Neil Thwaites, regional vice-president of California for Alaska Airlines. "Subscribers now have an affordable and convenient way [...]