Source: United Airlines A 2Q pre-tax margin expected to be among industry leaders, despite excess industry capacity in the domestic market Expect best unit revenue performance among large peers Sees mid-August as inflection point when industry-wide oversupply eases and United is best positioned to benefit United Airlines (UAL) reported second-quarter 2024 financial results. The company had pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%. The company expects pre-tax margin to be near the top of the industry. The company also achieved diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14, in line with second-quarter 2024 guidance provided at the start [...]

Source: WestJet WestJet continues operational recovery and guest support efforts The first collective bargaining agreement between WestJet and the Aircraft Mechanics Fraternal Association (AMFA), the certified union representing WestJet Aircraft Maintenance Engineers and other Technical Operations employees was ratified. "Reaching this milestone is good news for our organization and our guests, solidifying a five-year agreement that provides stability to our business and reflects the instrumental value and contributions of our Aircraft Maintenance Engineers and other Technical Operations employees," said Diederik Pen, President of WestJet Airlines and Group Chief Operating Officer. "While we are grateful to have achieved resolution with a clear path forward together as a unified team, we recognize that the unprecedented impact of the disruption over July long [...]

Source: TAP The anniversary is being celebrated with a promotion of one-way tickets from €25 and return tickets from €49. TAP is celebrating sixty years of regular flights linking Lisbon and the Portuguese mainland to Madeira. The inaugural flight took place in early July 1964. According to the chronicles of that time, the clock struck 11:24 when TAP's Super Constellation landed at Madeira airport, simultaneously inaugurating the airport infrastructure, located in Santa Catarina, and fulfilling a long-held dream of the Madeirans. From that day on, ships and seaplanes were no longer the only ways to get to and from the island and TAP never stopped serving Madeira and the Madeirans and guaranteeing territorial continuity, even during the pandemic, when TAP [...]

Source: Southwest Airlines Southwest Airlines Co. and Archer Aviation Inc., have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilizing Archer's eVTOL aircraft at California airports where Southwest® operates. Archer Aviation is a leading manufacturer of electric vertical takeoff and landing (eVTOL) aircraft. Southwest is the Golden State's largest air carrier, operating at 14 airports across the state. Archer Midnight aircraft is designed to transform urban travel, replacing 60-to-90-minute commutes by car with estimated 10-to-20-minute electric air taxi flights. The goal of Archer's aircraft is to offer a safe, low-noise, cost-competitive transportation option with no direct emissions. Southwest and Archer intend to collaborate on a concept of operations that lays the foundation for integrated [...]

Source: Copa Holdings Copa Holdings, S.A. released preliminary passenger traffic statistics for June 2024: Operating Data June 2024 June 2023 % Change Copa Holdings (Consolidated) ASM (mm) (1) 2,521.9 2,244.7 12.3 % RPM (mm) (2) 2,185.1 1,949.0 12.1 % Load Factor (3) 86.6 % 86.8 %       -0.2 p.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 number of miles flown by revenue passengers 3. Load factor - represents the percentage of aircraft seating capacity that is actually utilized For June 2024, Copa Holdings' capacity (ASMs) increased by 12.3 %, while system-wide passenger traffic (RPMs) increased by 12.1 %, compared to 2023. As a [...]