/News

Air Canada Reports Third Quarter 2024 Financial Results

Source: Air Canada Third quarter operating revenues of $6.1 billion decreased 4% year over year. Third quarter operating income of $1.040 billion and adjusted EBITDA* of $1.523 billion decreased $375 million and $307 million year over year, respectively. Generated cash flows from operating activities of $737 million and free cash flow* of $282 million in the quarter, a year-over-year increase of $329 million and $147 million, respectively. Leverage ratio* of 1.0 as at September 30, 2024, compared to 1.1 at end of 2023. Normal course issuer bid announced. Air Canada has reported its third quarter 2024 financial results. "Air Canada reported solid results for the third quarter on key metrics, with operating revenues of $6.1 billion and operating income of [...]

2024-11-03T12:36:45+02:00November 4th, 2024|AIRLINES, News|
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ALTA Forum Highlights the Contribution of Aviation to Socioeconomic Growth in Latin America

Source: ALTA With a 250% increase in passenger numbers over the past 20 years, aviation in Latin America and the Caribbean is emerging as a key player in regional development With a 250% increase in passenger numbers over the past 20 years, aviation in Latin America and the Caribbean is emerging as a key player in regional development. At the ALTA AGM & Airlines Leaders Forum, experts discussed how air connectivity can transform entire regions, boosting trade, tourism, and job creation. Beatriz Guille, Global Sales Director at Iberia, emphasized the significant potential of Latin America and the company's commitment to growth in this market. “Before the pandemic, approximately 20% of Iberia’s passengers were from the region. Now, that percentage has [...]

2024-11-03T11:43:26+02:00November 4th, 2024|News, ORGANISATIONS|
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American Airlines AAdvantage members will enjoy streamlined security through TSA partnership

Source: American Airlines American Airlines AAdvantage® members will soon enjoy a streamlined process at Transportation Security Administration (TSA) airport security checkpoints through TSA PreCheck® Touchless ID. In the months ahead, eligible members who choose to enroll will be able to move through security in select airports with ease as part of the airline’s partnership with TSA. After an identity match compares a customer’s image to their existing passport photo, the customer will be able to move through the security checkpoint hands-free. “We want to give our customers an easy experience while they move through every point of their travel journey, and the airport is a big part of that,” said Kim Cisek, American’s Vice President of Customer Experience. “Introducing this [...]

2024-11-01T08:58:55+02:00November 1st, 2024|AIRLINES, News|
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Applications Open Today for Sixth Edition of the Air Canada and CAE Captain Judy Cameron Scholarship

Source: Air Canada Eight scholarships will be awarded to young Canadian women studying to become commercial pilots or aircraft maintenance engineers Four aspiring commercial pilots to become CAE Women in Flight ambassadors Scholarship applications open today. For information click here Air Canada and CAE, two Montreal-based global aviation companies, proudly continue their collaboration in fostering the next generation of women in non-traditional airline careers through the Captain Judy Cameron Scholarship, and have announced that applications for the 2025 edition of the Scholarship open today. Up to eight young Canadian women studying to become commercial pilots or aircraft maintenance engineers will be awarded scholarships to pursue their training in 2025. Among them, four recipients training to become commercial pilots will join [...]

2024-11-01T09:37:55+02:00November 1st, 2024|AIRLINES, News|
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IATA: Passenger Demand Reaches September All-time High

Source: IATA The International Air Transport Association (IATA) released data for September 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 7.1% compared to September 2023, an all-time high for September. Total capacity, measured in available seat kilometers (ASK), was up 5.8% year-on-year. The September load factor was 83.6% (+1.0ppt compared to September 2023). International demand rose 9.2% compared to September 2023. Capacity was up 9.1% year-on-year and the load factor rose to 83.8% (+0.1ppt compared to September 2023). Domestic demand rose 3.7% compared to September 2023. Capacity was up 0.7% year-on-year and the load factor was 83.3% (+2.4ppt compared to September 2023). “The year’s peak travel season ended with demand [...]

2024-11-01T08:46:53+02:00November 1st, 2024|News, ORGANISATIONS|
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Biden-Harris Administration Announces Nearly $12 Million in Grants to Help Small Communities Improve Air Service

Source: US DOT The U.S. Department of Transportation (DOT) announced that it will award $11.99 million from the Small Community Air Service Development Program to help 14 communities in 14 states develop their own solutions to local air service needs. These federal grants assist small communities across the country with maintaining and building air service options. "People in small communities across the country depend on local air service—as a resource in their lives and as a driver for growth in regional economies," said U.S. Transportation Secretary Pete Buttigieg. "With the funding we're announcing today, the Department is strengthening local air service in 14 smaller communities and helping Americans across the country get to where they need to go more efficiently and affordably." Since [...]

2024-11-01T08:38:07+02:00November 1st, 2024|News, ORGANISATIONS|
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September Saw 9.4% Growth for Air Cargo According to IATA

Source: IATA The International Air Transport Association (IATA) released data for September 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 9.4% compared to September 2023 levels (10.5% for international operations) for a 14th consecutive month of growth. Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 6.4% compared to September 2023 (8.1% for international operations). This continued to be largely related to the growth in international belly capacity, which rose 10.3%--extending the trend of double-digit annual capacity growth to 41 consecutive months. “September performance brought continued good news for air cargo markets. With 9.4% year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are [...]

2024-11-01T09:18:53+02:00November 1st, 2024|News, ORGANISATIONS|
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The first A321XLR is delivered to Iberia

Soiurce: Airbus Spanish flag carrier Iberia has taken delivery of its first A321XLR, becoming the launch operator of the world’s newest single-aisle aircraft. The aircraft, powered by CFM LEAP-1A engines, will be operated by Iberia on a number of regional flights across the airline’s European network before its first transatlantic mission from Madrid to Boston later in November. Marco Sansavini, CEO & Chairman at Iberia, said: “We are very proud to be the launch airline for this new Airbus aircraft. The A321XLR will allow us to reach new destinations, operating transoceanic routes and doing so in a more efficient way.” Christian Scherer, CEO Commercial Aircraft at Airbus, said: “Five years in the making, the newest member of the Airbus family [...]

2024-10-30T23:20:40+02:00October 31st, 2024|AIRLINES, MANUFACTURERS, News|
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Fully Digital Travel Experience Closer to Reality says IATA

Source: IATA The International Air Transport Association (IATA) and its partners have successfully demonstrated that the industry is ready to deliver a fully digital air travel experience. This was achieved in a proof-of-concept (PoC) involving two passengers using different digital wallets and travel credentials on a round-trip between Hong Kong and Tokyo. IATA partnered with Cathay Pacific, Hong Kong International Airport, Narita International Airport, Branchspace, Facephi, NEC, Neoke, Northern Block and SICPA for the travel which took place on 21 and 22 October. The airport elements of this PoC were conducted in a live environment, building on an initial PoC carried out in a test environment in 2023. In the PoC, two travelers used digital wallets containing their digital passport, [...]

2024-10-30T23:12:41+02:00October 31st, 2024|News, ORGANISATIONS|
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ALTA to develop “Regional Roadmap for Latin America and the Caribbean” to reduce emissions in a sustainable way

Source: ALTA ALTA announced that it will develop a “regional roadmap for Latin America and the Caribbean” to support a sustainable transition for its aviation industry, taking into account the opportunities and realities of the region. Why a roadmap? ALTA’s objective is for the roadmap to detail how Latin American aviation may achieve a sustainable transition based on the region’s potential while taking into account the importance of civil aviation in its developing economies. The roadmap will comprise of two key components: From a regional perspective, detail the principal pathways, enabling conditions, policy options and milestones to reach a sustainable aviation industry. Explore options for regional cooperation and the integration of sustainable aviation fuel (SAF) and carbon markets, which could [...]

2024-10-30T23:08:07+02:00October 31st, 2024|News, ORGANISATIONS|
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