//AIRLINES

American Airlines’ Chief People Officer Cole Brown Joins The Executive Leadership Council

Source: American Airlines The Executive Leadership Council (ELC) recently selected Cole Brown, Chief People Officer at American Airlines, to join its 2023 class. The ELC is a global organization comprising more than 800 current and former Black CEOs, corporate board members, senior executives of Fortune 1000 and Global 500 companies, entrepreneurs at top-tier firms, and thought leaders. The ELC’s mission is to increase the number of successful Black executives — both domestically and internationally — by adding value to their development, leadership, and philanthropic endeavors throughout the life cycle of their careers, thereby strengthening of their companies, organizations and communities. “We are thrilled to welcome 67 new members to the ELC,” said Michael C. Hyter, President and CEO of the Executive Leadership [...]

2023-03-14T19:29:40+02:00March 14th, 2023|AIRLINES, News, ORGANISATIONS|

Iberia and Repsol offer sustainable aviation fuel to corporates to reduce the emissions of their business travels

Source: Iberia According to IATA, Sustainable Aviation Fuel (SAF) allows to reduce the C02 emissions up to 80% throughout their entire life cycle They are produced from waste (biofuels) and from the capture of C02 (e-fuels), thus promoting a circular economy and technological development Iberia and Repsol have been working on the production of these fuels, a sustainable alternative to kerosene that is ready to use now, with the current aircraft and infrastructure  Iberia's corporate clients will be able to purchase SAF to decarbonise their flights based on a calculation that takes into account the distance flown, the aircraft used for the route, the cabin in which they are travelling, and the weather conditions In addition, they will be able [...]

2023-03-13T18:58:47+02:00March 13th, 2023|AIRLINES, News|

WestJet Group provides update about Sunwing transaction

Source: WestJet Canadian Government issues order finding that the transaction is in the public interest The WestJet Group today issued a statement following the Government of Canada's issuance of an order finding that the proposed acquisition of Sunwing Vacations and Sunwing Airlines is in the public interest, taking into account certain measures. "We are pleased that the regulatory review of the transaction is now complete," said Angela Avery, WestJet Group Executive Vice-President and Chief People, Corporate & Sustainability Officer. "We thank the Minister of Transport and the Commissioner of Competition, and the staff of Transport Canada, the Competition Bureau, and the Canadian Transportation Agency, for their efforts to review the transaction." The issuance of the order is an important milestone in [...]

2023-03-13T17:54:03+02:00March 13th, 2023|AIRLINES, News|

From the Sea to the Sky: United Invests $5 Million in Algae-based Fuel Producer Viridos

Source: United Airlines Viridos' technology extracts algae oil from algae for potential future production of sustainable aviation fuel United has invested in more future SAF production than any other airline1 Viridos investment is first by airline's new UAV Sustainable Flight Fund since its launch United wants to turn microalgae into SAF through the first new investment of its recently announced UAV Sustainable Flight FundSM since its launch: algae biofuel company Viridos. This $5 million investment will support the production of sustainable aviation fuel (SAF) made from algae, an abundant and scalable resource that can be grown and harvested without impacting the food supply chain. Viridos specializes in the bioengineering of microalgae and its proprietary technology accelerates the amount of oil that can [...]

2023-03-13T19:01:07+02:00March 13th, 2023|AIRLINES, News|

LATAM closes 2022 with US$2.3 billion in liquidity and and the group achieves an operational recovery close to pre-pandemic levels

Source: LATAM LATAM Airlines Group S.A. announced today its financial results corresponding to the fourth quarter of 2022, closing a year marked by the completion of its restructuring proceeding under Chapter 11, a solid financial result and an operational recovery close to the pre-pandemic. In relation to the pre-pandemic period, the group managed to reduce its gross debt by 37.5%, going from US$10.4 billion before Chapter 11 to US$6.5 billion at the end of last year, in turn increasing its liquidity by 78%, reaching US$2.3 billion compared to the period prior to the reorganization proceeding started in May 2020. During the fourth quarter of last year, the group's total revenues reached US$2.744 billion, which represents 37.5% more than the same [...]

2023-03-10T19:50:07+02:00March 10th, 2023|AIRLINES, News|

Azul Reports February 2023 Traffic

Source: Azul  Azul S.A., “Azul”, the largest airline in Brazil by departures and number of cities served, announced its preliminary traffic results for February 2023. Consolidated passenger traffic (RPKs) increased 25.9% compared to February 2022 on a capacity (ASKs) increase of 25.6%, resulting in a load factor of 78.2%. “We started the year encouraged by the strong demand environment, which continues to enable growth with increasing unit revenues. We are excited about what we are seeing in 2023 and looking forward to doubling our presence in Congonhas later this month,” says John Rodgerson, Azul’s CEO.

2023-03-10T22:19:25+02:00March 10th, 2023|AIRLINES, News|

GOL announces the release of preliminary, unaudited financial information for the fiscal year ending december 31, 2022

Source: GOL GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (B3: GOLL4 and NYSE: GOL), in accordance with section 6.6.1 of the Corporate Governance Level 2 Listing Regulation of B3, announces the postponement, up to March 28, 2023, of the filing of the financial statements for the fiscal year ended December 31, 2022, accompanied by the audit report of the Company's independent auditors, since the work of the independent auditors in connection with the examination of such statements is not completed. The Company's annual calendar of corporate events was resubmitted on this date to reflect the postponement mentioned above, and is available on the websites of the Comissão de Valores Mobiliários (gov.br/cvm), of B3 S.A. - Brasil, Bolsa, Balcão (www.b3.com.br) and of the Company [...]

2023-03-10T20:20:18+02:00March 10th, 2023|AIRLINES, News|

Air France presents its new Spring Menu on board its long-haul La Premiere and Business Cabins

Source: Air France From March to June 2023, on departure from Paris, Air France offers a new series of exceptional dishes to be exclusively enjoyed on board its long-haul La Première and Business cabins. The company is teaming up with a high-flying trio of chefs - Mauro Colagreco, Angelo Musa and Régis Marcon – to showcase French haute cuisine on board its flights. To design these menus, the chefs have worked alongside Servair, a global leader in in-flight catering, to create a selection of dishes, focusing on fresh, seasonal and local produce. As part of its commitment to a more responsible catering offer, the red meat, poultry, milk products and eggs on each menu are of French origin and the [...]

2023-03-10T20:09:33+02:00March 10th, 2023|AIRLINES, News|

Hawaiian Airlines Connects, Lifts Hawai‘i’s Economy

Source: Hawaiian Airlines Hawaiian Airlines stimulated $10.2 billion in economic activity in Hawai‘i – about 11% of the state’s gross domestic product – and was directly or indirectly responsible for 53,500 jobs statewide in 2022* despite enduring challenges of the COVID-19 pandemic, according to a new study. The report, titled “No Kākou a Pau” (interconnectedness) to underscore the ways Hawaiian Airlines is connected to the economy of its home state, was commissioned by Hawaiian and produced by ICF, a global consultant with extensive experience in aviation and other industries. “Following several years of uncertainty because of the COVID-19 pandemic, this is also a story of resilience. Hawaiian Airlines led through the uncertainty of COVID-19, keeping its people employed, continuing to support [...]

2023-03-10T20:11:53+02:00March 10th, 2023|AIRLINES, News|

Southwest Airlines Extends Flight Schedule Through October

Source: Southwest Southwest Airlines Co. (NYSE: LUV) today is preparing for October travel by extending its flight schedule through Nov. 4, 2023, and making the airline's robust flight schedule available for booking at Southwest.com. Kansas City Travelers Have More International Options On the heels of Kansas City, Mo., opening its new state-of-the-art terminal last week, Southwest® is boosting its international offering with the addition of two nonstop routes. Effective Oct. 7, 2023, Southwest will offer seasonal service on Saturdays between: Kansas City, Mo. and Montego Bay, Jamaica* Kansas City, Mo. and Cabo San Lucas/Los Cabos* *Subject to government approval  Both new routes complement the carrier's existing service between Kansas City and Cancun which seasonally adjusts to daily service beginning Oct. 5, 2023. Long Beach Sees Southwest Growing to the Northwest  [...]

2023-03-10T20:04:48+02:00March 10th, 2023|AIRLINES, News|