/News

Airlines Cut Losses in 2022; Return to Profit in 2023

Source: IATA The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022. In 2023, airlines are expected to post a small net profit of $4.7 billion—a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were $26.4 billion (3.1% net profit margin). In 2022, airline net losses are expected to be $6.9 billion (an improvement on the $9.7 billion loss for 2022 in IATA's June outlook). This is significantly better than losses of $42.0 billion and $137.7 billion that were realized in 2021 and 2020 respectively. "Resilience [...]

2022-12-06T21:12:49+02:00December 7th, 2022|News, ORGANISATIONS|

JetBlue Announced Science-based Emissions Reduction Target and Strategy to Achieve Net Zero by 2040

Source: JetBlue JetBlue announced a science-based target approved by the Science Based Targets initiative (SBTi), a coalition that defines and promotes best practices in emissions reduction targets. With this target, JetBlue commits to reducing well-to-wake (lifecycle) scope 1 and 3 greenhouse gas (GHG) emissions related to jet fuel by 50% per revenue tonne kilometer (RTK) by 2035 from a 2019 base year1. JetBlue’s most aggressive near-term emissions reduction target to-date, this science-based target aligns with the goals of the Paris Agreement and the growing airline’s own goal to reach net zero carbon emissions by 2040 – 10 years ahead of broader airline industry targets. Aligned with SBTi requirements, JetBlue will also regularly review and update this target following any significant [...]

2022-12-06T23:53:56+02:00December 7th, 2022|AIRLINES, News|

Airbus no longer maintains 2022 commercial aircraft delivery target, confirms financial guidance

Source: Airbus 68 commercial aircraft deliveries in November, bringing annual deliveries to 565* aircraft as of end of November Adjusts speed of A320 Family ramp-up to rate 65 for 2023 and 2024 Maintains the objective of reaching rate 75 by the middle of the decade Based on its November deliveries of 68 commercial aircraft and the complex operating environment, Airbus SE considers its target to achieve “around 700” commercial aircraft deliveries in 2022 to now be out of reach. The final figure is not expected to fall materially short of the “around 700” delivery target. Airbus remains committed to delivering its financial guidance as provided at the Nine-Month 2022 results**, meaning guidance for EBIT Adjusted and Free Cash Flow before [...]

2022-12-06T20:53:58+02:00December 7th, 2022|MANUFACTURERS, News|

Air Canada Readies for Summer 2023 in Canada with New and Restored Services, and Increased Frequencies

Source: Air Canada New, non-stop service between Montreal and Fort McMurray Increased frequencies on Toronto-Kelowna, Winnipeg-Toronto, Montreal- Vancouver Air Canada will offer over 600 daily flights on 97 routes to 51 destinations in Canada this summer, the most of any carrier Air Canada announced a new service between Montreal and Fort McMurray that will launch next June as part of the carrier's Canadian summer schedule. For summer 2023, Air Canada is also restoring suspended services and increasing frequencies on popular routes across Canada, as the company augments its Canadian network following the pandemic. "As the country's flag carrier, Air Canada's increased Canadian summer schedule further reinforces our role in providing critical connectivity to Canadians coast-to-coast. Our new Montreal-Fort McMurray service brings easier access from eastern Canada to one of the [...]

2022-12-06T23:19:34+02:00December 7th, 2022|AIRLINES, News|

As Mauna Loa Erupts, Hawaiian Airlines Leans into its 93-Year Experience to Keep Flying

Source: Hawaiian Airlines When the sun sets in Hilo on the Island of Hawaiʻi, the glow of molten rock lingers, lighting the night sky and bellies of vapor and gas clouds rising from lava fissures. This is the natural wonder of an eruption at Mauna Loa, the largest active volcano on the planet – standing at 13,681 feet above sea level and 30,000 feet from the sea floor – which stirred awake for the first time in 38 years just last week. According to the National Park Service, the event marks the first time since 1984 that Mauna Loa and the adjacent Kīlauea volcano are erupting simultaneously. Volcanic activity is nothing new to Hawaiʻi’s people, including Hawaiian Airlines’ operations team. The archipelago state [...]

2022-12-06T23:32:51+02:00December 7th, 2022|AIRLINES, News|

WestJet announces commitment to grow Alberta’s Indigenous tourism industry

Source: WestJet Indigenous Tourism Alberta and WestJet sign three-year strategic partnership agreement WestJet announced an agreement with Indigenous Tourism Alberta (ITA) to bolster support for Indigenous travel and tourism businesses and create meaningful employment opportunities for Indigenous Canadians as the airline grows its global presence.  The announcement was commemorated by an official signing of a memorandum of understanding at ITA's annual Gathering in the presence of more than 300 travel and tourism partners and government representatives on Treaty 6, Métis Region 4, Edmonton Alberta. "We are grateful to build upon our meaningful partnership and continued collaboration with ITA as we work together to foster important opportunities for Indigenous travel and tourism businesses and entrepreneurs right here in our home province," [...]

2022-12-06T23:53:26+02:00December 7th, 2022|AIRLINES, News|

Arriving at the Airport ‘Ready to Fly’ is Closer to Reality with New Industry Standards

Source: IATA The International Air Transport Association (IATA) has developed industry standards which will bring the aim of having travelers arrive at airports ready-to-fly one step closer to reality. The newly released Recommended Practice on Digitalization of Admissibility will enable travelers to digitally prove admissibility to an international destination, avoiding a stop at the check-in desk or boarding gate for document checks.   Under the One ID initiative airlines are working with IATA to digitalize the passenger experience at airports with contactless biometric-enabled processes. Programs are already in use in various airports enabling travelers to move through airport processes such as boarding without producing paper documentation because their boarding pass is linked to a biometric identifier. But in many cases travelers would [...]

2022-12-06T23:50:04+02:00December 6th, 2022|News, ORGANISATIONS|

Customers Purchasing Pratt & Whitney Canada Engines Can Now Benefit from a New Payment Solution

Source: Pratt & Whitney Pratt & Whitney Canada (P&WC), a business unit of Pratt & Whitney, announced that it is collaborating with American Express (Amex) to provide qualifying customers with a new solution that will allow them to extend payment terms, when buying a new or used P&WC engine. "This new payment solution is part of our growing portfolio of services that offer our customers greater flexibility when it comes to acquiring an engine and it reflects our commitment to developing services that meet their evolving needs," said Irene Makris, vice president, Customer Service at Pratt & Whitney Canada. "Many of our customers are looking at alternate models to improve their working capital along with options that are specifically tailored [...]

2022-12-06T23:52:15+02:00December 6th, 2022|News, SUPPLIERS|

MIA announces World Travel Expo in June 2023

Source: MIA Local travel industry leaders host kickoff event at Consular Corps Holiday Reception With the goal of promoting tourism to Miami International Airport's network of 166 destinations across the globe, Miami-Dade County officials and local travel industry executives hosted a kickoff event on December 2 for members of the Consular Corps of Miami to announce the first World Travel Expo (WTE) Miami, scheduled for June 13-15, 2023, at the Miami Airport Convention Center.  The kickoff event – held at MIA's annual Consular Corps of Miami Holiday Reception – featured MIA Director and CEO Ralph Cutié and WTE President and CEO Javier Palencia, who gave local consulates and guests a preview of what to expect at the inaugural expo. "In addition to [...]

2022-12-05T23:14:05+02:00December 6th, 2022|AIRPORTS, News|

WestJet announces new service to Japan and Europe as part of planned expansion from YYC Calgary International Airport

Source: WestJet Airline takes first step in growing overall capacity from YYC by more than 25 per cent in 2023 New intercontinental routes between Calgary and Tokyo, Barcelona, Edinburgh, and increased frequencies between Calgary and Dublin, London, Paris and Rome significantly enhance options for leisure guests, business travel and cargo services WestJet, as part of its wider growth strategy, announced its 2023 summer 787 Dreamliner routes from YYC Calgary International Airport, unveiling Tokyo, Japan, as its first destination in Asia with new service to Narita International Airport. The airline is also creating greater two-way tourism opportunities and increasing connectivity between Western Canada and Europe with new service between Calgary and Barcelona, Spain and Edinburgh, Scotland along with increased frequencies on [...]

2022-12-05T22:54:28+02:00December 6th, 2022|AIRLINES, News|