/News

American Airlines reports first-quarter 2024 financial results

Source: American Airlines American Airlines Group Inc. reported its first-quarter 2024 financial results, including: Record first-quarter revenue of approximately $12.6 billion. First-quarter net loss of $312 million, or ($0.48) per diluted share. Excluding net special items1, first-quarter net loss of $226 million, or ($0.34) per diluted share. Achieved best-ever first-quarter completion factor. Generated operating cash flow of $2.2 billion and free cash flow2 of $1.4 billion in the first quarter. Reduced total debt3 by nearly $950 million in the first quarter. The company is now more than 80% of the way to its 2025 total debt reduction goal. “The American Airlines team continues to build a reliable, efficient and resilient airline,” said American’s CEO Robert Isom. “While we aren’t satisfied [...]

2024-04-26T20:30:30+03:00April 26th, 2024|AIRLINES, News|

US Government Announces Rules to Deliver Automatic Refunds and Protect Consumers from Surprise Junk Fees in Air Travel

Source: US DOT Newly finalized rules will mandate automatic, cash refunds for cancelled or significantly delayed flights and save consumers over half a billion dollars every year in airline fees Building on a historic record of expanding consumer protections and standing up for airline passengers, the Biden-Harris Administration announced final rules that require airlines to provide automatic cash refunds to passengers when owed and protect consumers from costly surprise airline fees. These rules will significantly expand consumer protections in air travel, provide passengers an easier pathway to refunds when owed, and save consumers over half a billion dollars every year in hidden and surprise junk fees. "Passengers deserve to know upfront what costs they are facing and should get their [...]

2024-04-26T20:39:46+03:00April 26th, 2024|News, ORGANISATIONS|

Travel Math: How your spending habits actually earn you travel perks with Alaska Airlines

Source: Alaska Airlines First, there was the trend, ‘girl math.’ Then, we saw ‘boy math’ take off. Even dogs got in on the equation! Now, we give you: travel math. It’s a playful concept that’s grounded in the very latest consumer insights where “the math” justifies the purchase, all for the sake of indulging in a little treat. We know travelers are using credit card rewards and miles to book their travel and to stretch their dollars, especially Gen Z and Millennials. So, next time you want to book that flight or buy that pair of shoes with your Alaska Airlines Visa Signature® card, we say go for it. Because you’ll earn valuable miles. And of course—travel math. With elite [...]

2024-04-25T07:56:19+03:00April 25th, 2024|AIRLINES, News|

WestJet CEO Alexis von Hoensbroech outlines long-term growth plan and vision for Alberta’s capital city

Source: WestJet First annual chamber event showcases airline's commitment to the community WestJet provided a comprehensive update on the progress it is making against its targeted growth strategy for Edmonton. Alexis von Hoensbroech, WestJet Group Chief Executive Officer, outlined the airline's strategy and commitments for 2024 and beyond in collaboration with key partners at his first annual address to business and community leaders at the Edmonton Chamber of Commerce. "As the capital city of our home province, we are unwaveringly committed to maintaining and growing our title as Edmonton's leading air carrier, as exhibited by our growing network and track record of fueling Edmonton'seconomic pipeline through inbound tourism and investment attraction," said von Hoensbroech to a sold-out business audience at [...]

2024-04-25T07:52:38+03:00April 25th, 2024|AIRLINES, News|

Boeing Reports First Quarter Results

Source: Boeing First Quarter 2024 Undertaking comprehensive actions in our commercial business to strengthen quality and safety Financial results reflect lower 737 deliveries and 737-9 grounding customer considerations Revenue of $16.6 billion, GAAP loss per share of ($0.56) and core (non-GAAP)* loss per share of ($1.13) Operating cash flow of ($3.4) billion and free cash flow of ($3.9) billion (non-GAAP)* Total company backlog grew to $529 billion, including over 5,600 commercial airplanes Table 1. Summary Financial Results First Quarter (Dollars in Millions, except per share data) 2024 2023 Change Revenues $16,569 $17,921 (8) % GAAP Loss from operations ($86) ($149) NM Operating margins (0.5) % (0.8) % NM Net loss ($355) ($425) NM Loss per share ($0.56) ($0.69) NM Operating cash [...]

2024-04-25T07:50:28+03:00April 25th, 2024|MANUFACTURERS, News|

Frontier Airlines Announces New Service from San Juan to Barbados and Santiago, Dominican Republic, Plus Charlotte to Miami

Source: Frontier Airlines Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) will launch nonstop service between Luis Muñoz Marín International Airport in San Juan (SJU) and Cibao International Airport in Santiago de los Caballeros, Dominican Republic (STI) on June 14, 2024, and Grantley Adams International Airport in Barbados (BGI) on July 3, 2024. This is ahead of nonstop service from Charlotte Douglas International Airport (CLT) to Miami International Airport (MIA) launching on July 5, 2024. To celebrate, America's Greenest Airline is offering fares as low as $29* from CLT and MIA and $59* from SJU. "As we anticipate an exciting and potentially record-breaking summer travel season, we're thrilled to further expand our route map," said Josh Flyr, vice president of network [...]

2024-04-24T05:59:29+03:00April 24th, 2024|AIRLINES, News|

ICAO cooperates with Royal Canadian Mounted Police on investigation

Source: ICAO On Tuesday, April 23, 2024, the Royal Canadian Mounted Police (RCMP) charged two former employees of the International Civil Aviation Organization (ICAO) with criminal conspiracy following a thorough investigation. ICAO is fully cooperating with the RCMP investigation of the individuals involved in the complaint, who left the Organization a number of years ago. ICAO strongly condemns any actions of individuals that are inconsistent with the Organization's values. ICAO is committed to upholding Canada's laws and regulations, the UN Standards of Conduct, and its own stringent code of ethics. As the investigation and judicial proceedings are ongoing, ICAO is unable to provide further comments at this time.

2024-04-24T06:31:11+03:00April 24th, 2024|News, ORGANISATIONS|

Delta Releases 2024 Most-Searched Summer Destinations

Source: Delta Air Lines Delta is running its largest international schedule ever this summer – and our customers are ready to see the world.   Ahead of Memorial Day, Delta released its second annual list of most-searched international destinations. Gathered from Delta.com search data*, the list reveals cities on customers’ minds for summer travel between May and August. The top 10 list reveals that many U.S. flyers are seeking different cultural experiences in faraway settings, with Athens experiencing the highest surge (248% increase) in searches from last year. The ever-popular cities of London, Paris and Rome topped the list, along with Dublin, Barcelona and Vancouver, Canada as new additions this year. Searches for these top 10 international destinations increased more [...]

2024-04-24T05:55:31+03:00April 24th, 2024|AIRLINES, News|

A Behind-The-Scenes Look at Hawaiian’s New Safety Video

Source: Hawaiian Airlines Hawaiian Airlines’ iconic safety video, which, for nearly a decade, transported guests to destinations across the islands while employees relayed important safety information, has taken on a refreshed look. In the new, seven-minute video that launched last week, 57 new and original cast members – including teenagers or adults who were keiki (children) in the 2015 spot – are shown in different locations doing their favorite things, from a father and son fishing in Hilo Bay to ʻohana (family) gathering for a backyard pāʻina (party). The production team spent three months planning for seven days of filming. Their efforts resulted in a tropical, community-inspired storyboard that is engaging, educational and celebratory of Hawaiianʻs people and the places they call home. Here are [...]

2024-04-24T05:49:38+03:00April 24th, 2024|AIRLINES, News|

Copa Holdings Announced Monthly Traffic Statistics for March 2024

Source: Copa Copa Holdings, S.A. (NYSE: CPA) released preliminary passenger traffic statistics for March 2024: Operating Data March  March % Change 2024 2023 Copa Holdings  (Consolidated)   ASM (mm) (1) 2,499.1 2,224.6 12.3 %   RPM (mm) (2) 2,162.4 1,939.7 11.5 %   Load Factor (3) 86.5 % 87.2 % -0.7p.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 For March 2024, Copa Holdings' capacity (ASMs) increased by 12.3%, while system-wide passenger traffic (RPMs) also increased by 11.5%, compared to 2023. As a [...]

2024-04-24T06:25:46+03:00April 24th, 2024|AIRLINES, News|