//AIRLINES

Delta Air Lines announces June quarter 2022 profit

Source: Delta Air Lines Good progress in restoring operational reliability to Delta's leading standards in July Generated double-digit June quarter operating margin Expect double-digit operating margin in September quarter and meaningful full year profitability On track to achieve 2024 targets of over $7 adj. EPS and $4 billion of free cash flow Delta Air Lines on Wednesday reported financial results for the June quarter 2022 and provided its outlook for the September quarter 2022. Highlights of the June quarter 2022 results, including both GAAP and adjusted metrics, can be found below. "I would like to thank our entire team for their outstanding work during a challenging operating environment for the industry as we work to restore our best-in-class reliability. Their [...]

2022-07-15T17:48:36+03:00July 15th, 2022|AIRLINES, News|

Canadian North announces appointment of Michael Rodyniuk as President and Chief Executive Officer

Source: Canadian North The Board of Directors of Bradley Air Services Ltd., which operates as Canadian North Airlines, are pleased to announce the appointment of Michael Rodyniuk as President and Chief Executive Officer of Canadian North, effective today July 15, 2022. Mr. Rodyniuk joins Canadian North with over three decades of widely-respected leadership experience within the airline industry, most recently serving as Vice President, Specialty Assets for Willis Lease Financing Corporation, a leading lessor of aircraft engines and other equipment. He has also served as Chief Executive Officer & President of West Wind Aviation and Chief Executive Officer & President of First Nations-owned Wasaya Airways LP, where he led the delivery of essential passenger and cargo services to remote northern [...]

2022-07-15T17:41:07+03:00July 15th, 2022|AIRLINES, News|

Air France-KLM and Apollo sign a definitive agreement for a EUR 500 million investment into an ad hoc operating affiliate of Air France owning spare engines

Source: Air France-KLM Air France-KLM and Apollo Global Management (NYSE: APO) today announced the signing of a definitive agreement for Apollo-managed funds and entities to make a EUR 500 million investment into an ad hoc operating affiliate of Air France that will own a pool of spare engines dedicated to the airline’s Engineering and Maintenance activities. Under this agreement, Apollo affiliated entities will subscribe to perpetual bonds issued by the ad hoc operating affiliate, which will be accounted as equity under IFRS. The proceeds of the transaction will enable Air France-KLM and Air France to further redeem the French State perpetual bonds, in accordance with article 77 bis of the European Commission’s “Temporary Framework for State aid measures to support the economy in the [...]

2022-07-15T17:43:06+03:00July 15th, 2022|AIRLINES, News, SUPPLIERS|

Sun Country to provide new service to Eau Claire, Wisconsin

Source: Sun Country Airlines Selected by the U.S. Department of Transportation under the Essential Air Service program Sun Country will provide Eau Claire with a total of four weekly round trips per week including two round trips to Minneapolis-St. Paul International Airport Sun Country Airlines (NASDAQ: SNCY) announced that it has been selected by the U.S. Department of Transportation to provide Essential Air Service (EAS) for Chippewa Valley Regional Airport (EAU) in Eau Claire, Wisconsin, beginning in December 2022. Sun Country will provide Eau Claire with a total of four weekly round trips per week including two round trips to Minneapolis-St. Paul International Airport and approximately two round trips per week to Orlando, Las Vegas or Fort Myers adjusted seasonally. Sun [...]

2022-07-15T17:51:17+03:00July 15th, 2022|AIRLINES, News|

Condor flies to Iceland for the first time

Source: Condor Welcome to the land of fire and ice: Germany's most popular leisure airline is bringing travellers to Iceland for the first time. From May 2023, Condor will be offering one overnight flight per week from Frankfurt to Akureyri in the north and to Egilsstaðir in the east of Iceland. This will be the first time the island state is on Condor's flight schedule and with that, the airline will add two attractive destinations in the north to its portfolio. Ralf Teckentrup, CEO of Condor: "Iceland is one of the most popular destinations in the north. We are looking forward to offering our guests the opportunity to discover this diverse destination with its beautiful nature. With the connections to [...]

2022-07-15T17:45:00+03:00July 15th, 2022|AIRLINES, News|

Twelve and Alaska Airlines to collaborate with Microsoft to advance sustainable aviation fuel derived from recaptured CO2 and renewable energy

Source: Alaska Airlines Carbon transformation company Twelve, Alaska Air Group Inc. (NYSE: ALK), and Microsoft Corp. (Nasdaq: MSFT) have signed a Memorandum of Understanding (MOU) to collaborate on advancing the market for sustainable aviation fuels (SAF) to include fuels derived from recaptured CO2 and renewable energy, and working toward the first commercial demonstration flight in the United States powered by Twelve's E-Jet®. Through the first-of-its-kind agreement, Twelve, Alaska, and Microsoft will work to advance production and use of Twelve's E-Jet®, a low carbon jet fuel produced by a power-to-liquids process leveraging the company's carbon transformation technology, which uses only renewable energy, water, and CO2 as inputs to transform CO2 into a variety of critical chemicals and materials conventionally made from fossil fuels. As part of the work outlined to advance the scalability [...]

2022-07-14T17:07:38+03:00July 14th, 2022|AIRLINES, News|

Next Gen Neo: Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

Source: Virgin Atlantic The Airbus A330-900neo will feature the latest generation Upper Class cabin, including its iconic social space and new innovation, The Retreat Suite Increased connectivity with in-seat wireless charging, Bluetooth connectivity in all cabins and its fastest ever Wi-Fi The new aircraft is crucial to the airline’s fleet transformation into the cleanest in the sky Boston will be the A330neo’s first route.   Virgin Atlantic has revealed its hotly anticipated Airbus A330neo for the first time, designed to provide a premium, personalised experience for every single customer.  The airline’s Upper Class cabin boasts a brand new seat, evolution of its iconic social space and the unveiling of The Retreat Suite, the most spacious suite in Virgin Atlantic’s history. Throughout [...]

2022-07-14T16:49:27+03:00July 14th, 2022|AIRLINES, News|

The Pope flies to Canada with ITA Airways next 24 July at 9:00 am with departure from Rome Fiumicino on a plane with the new blue livery

Source: ITA Airways The Supreme Pontiff will travel with ITA Airways for his next papal flight on July 24 at 9:00 am from Rome Fiumicino to Edmonton International Airport. The flight will be operated on an Airbus A330 with the new blue livery and for the first time the Holy Father will depart from Terminal 5 of Rome Fiumicino's Leonardo da Vinci Airport. The landing is scheduled for 11:20 a.m. local time. During the Apostolic Journey, His Holiness will also visit Quebec. The departure will be at 9:00 am on July 27 from Edmonton airport and will arrive at 3:05 pm local time at Quebec-Jean Lesage International Airport. Finally, Pope Francis will complete the Canadian trip by visiting the city [...]

2022-07-14T15:39:44+03:00July 14th, 2022|AIRLINES, News|

Copa Holdings announces monthly traffic figures for June 2022

Source: Copa Copa Holdings, S.A. released preliminary passenger traffic statistics for June 2022: Operating Data June June % Change 2022 2019 Copa Holdings  (Consolidated)   ASM (mm) (1) 2,027.2 2,064.0 -1.8 %   RPM (mm) (2) 1,696.9 1,755.8 -3.4 %   Load Factor (3) 83.7 % 85.1 % -1.4p.p. 1.  Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown. 2.  Revenue passenger miles - represents the numbers of miles flown by revenue passengers 3.  Load factor - represents the percentage of aircraft seating capacity that is actually utilized Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we are comparing this traffic report to 2019 statistics. Consolidated capacity (ASMs) came in [...]

2022-07-14T17:12:57+03:00July 14th, 2022|AIRLINES, News|

Spirit Airlines Completes Initial High-Speed Wi-Fi Installation, Takes Ultra-Low Fare Air Travel Experience to New Heights

Source: Spirit Airlines Spirit partnered with inflight connectivity solution leader, Thales, to provide Guests with fast video streaming capabilities so Guests enjoy a next generation, true broadband experience in the air Spirit Airlines has completed yet another groundbreaking investment in the Guest experience. Guests can now binge their favorite shows via Spirit Wi-Fi on flights operated by its Airbus A320 and A321 aircraft. The major milestone marks the first time a U.S.-based ultra-low fare airline has offered high-speed Wi-Fi. Spirit partnered with Thales to install the high-speed connectivity solution FlytLIVE to cover Spirit's network across the U.S., Latin America and the Caribbean. This state-of-the-art system offers access to internet services. Guests can enjoy an at-home level of experience in the air while viewing video [...]

2022-07-14T17:08:59+03:00July 14th, 2022|AIRLINES, News|