/News

American Airlines reports third-quarter 2024 financial results

Source: American Airlines American Airlines Group Inc. today reported its third-quarter 2024 financial results, including: Record third-quarter revenue of $13.6 billion. Third-quarter net loss of $149 million, or ($0.23) per share. Excluding net special items1, third-quarter net income of $205 million, or $0.30 per diluted share. Led U.S. network carriers in third-quarter completion factor. Ended the third quarter with $11.8 billion of total available liquidity. On track to reduce total debt2 from peak levels by $15 billion by year-end 2025. Full-year adjusted earnings per diluted share3 expected to be between $1.35 and $1.60. “The American Airlines team continues to focus on running a reliable operation and managing costs across the airline,” said American’s CEO Robert Isom. “We have taken aggressive [...]

2024-10-24T16:01:01+03:00October 24th, 2024|AIRLINES, News|

Delta’s new cabin design enhances customer experience and showcases the future of flying

Source: Delta Air Lines New cabin design enhances customer experience and showcases the future of flying with Delta. Debuting on a narrowbody Boeing 757 aircraft that will begin flying on domestic and short haul international routes later this fall, followed by a widebody Airbus A350 in early 2025. A new cabin interior is on the horizon at Delta. Debuting this fall ahead of Delta’s centennial anniversary, the modern new design will bring substantial improvements to the airline’s aircraft interiors. From fresh seating materials, enhanced lighting and a renewed color palette, to new decorative motifs and signature branding, every aspect of the cabin interior has been carefully planned and thoughtfully redesigned to elevate the travel experience. “Delta has a 100-year history [...]

2024-10-24T16:09:09+03:00October 24th, 2024|AIRLINES, News|

Boeing Reports Third Quarter Results

Source: Boeing Third Quarter 2024 Financials reflect impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage and previously announced charges on commercial and defense programs Revenue of $17.8 billion, GAAP loss per share of ($9.97) and core (non-GAAP)* loss per share of ($10.44) Operating cash flow of ($1.3) billion and free cash flow of ($2.0) billion (non-GAAP)* Total company backlog of $511 billion, including over 5,400 commercial airplanes Table 1. Summary Financial Results Third Quarter Nine Months (Dollars in Millions, except per share data) 2024 2023 Change 2024 2023 Change Revenues $17,840 $18,104 (1) % $51,275 $55,776 (8) % GAAP Loss from operations ($5,761) ($808) NM ($6,937) ($1,056) NM Operating margins (32.3) % (4.5) % NM (13.5) % [...]

2024-10-23T19:38:36+03:00October 23rd, 2024|MANUFACTURERS, News|

Air Canada and airBaltic Announce Codeshare Agreement Expanding Connectivity Between Canada and Northern Europe

Source: Air Canada Air Canada's code added on 10 routes operated by airBaltic to Riga, Tallinn, Vilnius airBaltic's code added on Air Canada's routes between Canada and Copenhagen, Amsterdam and Stockholm Air Canada and airBaltic today announced a codeshare agreement* providing customers additional, convenient travel options when flying between Canada and Europe's Balticstates. Effective for travel beginning November 6, 2024, Air Canada's marketing code will be placed on 10 routes operated by airBaltic, enabling customers to travel conveniently to Latvia, Estonia and Lithuania on a single ticket. The routes include the capital cities of Vilnius (Lithuania), Riga (Latvia) and Tallinn (Estonia) from several European gateways, including Copenhagen, Amsterdam and Stockholm. Also effective for travel beginning November 6, 2024, airBaltic's marketing [...]

2024-10-23T19:33:07+03:00October 23rd, 2024|AIRLINES, News|

SITA announced the appointment of Nathalie Altwegg to spearhead growth for the company’s world-leading airports business

Source: SITA With airports investing more in technology, SITA's Airports business will continue to introduce technologies and innovations to realize the next generation of operations and biometric journeys. SITA, the global leader in air transport technology, announced the appointment of Nathalie Altwegg as Senior Vice President of SITA's Airports business unit. Altwegg will spearhead SITA's further growth in the airports market, building on the company's presence in more than 1,000 airports globally, as well as its drive to reinvent and digitalize operations and journeys across the world through cutting edge technology and innovation. Altwegg comes to her new role after serving as Chief Operating Officer for SITA Europe for two years, bringing extensive management experience in strategy, commercial, people, and [...]

2024-10-23T19:52:17+03:00October 23rd, 2024|News, SUPPLIERS|

More choices mean more customizable experiences on American Airlines

Source: American Airlines Customers flying American Airlines continue to enjoy more choices to curate their travel experience thanks to new options onboard. From inflight entertainment and dining options to a rotating amenity kit program, there is something for everyone. The entertainment doesn’t stop on board Customers traveling on American can discover new, free content on every flight as the airline adds 200 new titles on a monthly basis. New selections are inspired by current entertainment trends, customer feedback and viewing patterns, informing a thoughtfully curated collection that includes more than 1,500 movies, tv shows, audio and lifestyle offerings. As an added option, customers can stream video content from their favorite streaming platforms right to their personal devices once connected to [...]

2024-10-23T19:56:10+03:00October 23rd, 2024|AIRLINES, News|

WestJet unveils a new platform and national ad campaign, Where your story takes off, a celebration of travel enriching lives with unforgettable stories

Source: WestJet 'Flight Stories' the first commercial under the new brand platform brings WestJet's new tagline to life Today, WestJet ushers in a new era with the launch of a comprehensive brand platform and fully integrated campaign, anchored by a new tagline—Where Your Story Takes Off.   As the airline returns to its roots, following an updated business strategy, WestJet's commitment to helping guests write memorable stories is driven by a history of care and celebrated hospitality, delivered each day by a passionate team of WestJetters. The new platform underscores the transformative power of travel, celebrating the countless stories that pass through a WestJet flight. In fact, nearly nine out of 10 Canadians, 89 per cent (WestJet, 2024) acknowledge that [...]

2024-10-22T19:13:54+03:00October 22nd, 2024|AIRLINES, News|

ACF 2024 Is Set to Bring the Global Air Cargo Industry To Miami

Source: TIACA The International Air Cargo Association (TIACA) announced that it was fully on track to bring the entire air cargo industry to Miami. The global ACF 2024 is set to draw industry leaders from across the globe to Miami, November 11-14th for this four-day event. TIACA has been working diligently to bring the global industry to Miami this November 11-14th by inviting prominent leaders to participate in the conference, exhibition and sponsorship. A recent analysis of our attendee profile has confirmed that we have done just that. See below the analysis of industry type that will be present at the ACF 2024. Airlines – 39% Airports – 10% Freight Forwarders – 18% Solutions Providers – 12% Others, including Shippers [...]

2024-10-22T19:03:01+03:00October 22nd, 2024|News, ORGANISATIONS|

The Transportation Security Administration (TSA) wins Innovator of the Year Award in Inaugural Verified Air Travel Awards

Source: TSA The Forbes Travel Guide-powered accolades celebrate the best in the industry. The Transportation Security Administration (TSA) is pleased to announce that it was named Innovator of the Year in Forbes Travel Guide's inaugural Verified Air Travel Awards for the implementation of facial recognition technology at U.S. airports. Forbes Travel Guide (FTG), a leading authority on luxury hospitality, highlighted the agency with other 2024 honorees on ForbesTravelGuide.com. TSA was established on Nov. 19, 2001, as an agile security agency in the aftermath of the Sept. 11 terrorist attacks. Within the Department of Homeland Security, TSA's mission is to protect the nation's transportation systems to ensure freedom of movement for people and commerce. Fraudulent IDs and imposters represent an emerging [...]

2024-10-22T18:56:35+03:00October 22nd, 2024|News, ORGANISATIONS|

U.S. Air Travel Consumer Report: August 2024 Numbers

Source: US DOT The U.S. Department of Transportation (DOT) today released its Air Travel Consumer Report (ATCR) on airline operational data compiled for the month of August 2024 for on-time performance, mishandled baggage, and mishandled wheelchairs and scooters. The ATCR is designed to assist consumers with information on the quality of services provided by airlines. For August 2024, 2.0% of flights were cancelled, higher than the year-to-date cancellation rate of 1.7% in 2024. DOT expects that airlines will operate flights as scheduled and that when they do not, airlines will provide consumers the services promised when a flight is cancelled or delayed because of an airline issue. After a two-year DOT push to improve the passenger experience, the 10 largest [...]

2024-10-22T19:16:42+03:00October 22nd, 2024|News, ORGANISATIONS|