/News

United Airlines Announces Second-Quarter 2024 Financial Results; Achieves 2Q EPS Expectations

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 [...]

2024-07-18T03:35:50+03:00July 18th, 2024|AIRLINES, News|
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Boeing Delivers Rocket Stage to NASA, Will Launch First Humans Around the Moon Since Apollo

Source: Boeing The 212-foot tall core stage will fly Artemis II mission and will be the first to launch crew NASA astronauts Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen will orbit the Moon after launching SLS Boeing has provided NASA with the second core stage of the Space Launch System (SLS) rocket. Built at NASA's Michoud Assembly Facility (MAF), the core stage is designed to send the Artemis II crew to lunar orbit for the first time in 50 years. The Boeing-built rocket stage, which is the largest component of the Artemis II mission, will be loaded onto the Pegasus barge and transported 900 miles to NASA's Kennedy Space Center. Once there, it will be integrated [...]

2024-07-18T03:41:32+03:00July 18th, 2024|MANUFACTURERS, News|
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U.S. Aviation Industry Calls for Strengthened Investment in Aviation Facilities & Equipment

Source: Airlines For America (A4A) A diverse coalition of aviation industry stakeholders, led by Airlines for America (A4A) and the General Aviation Manufacturers Association (GAMA), joined together in calling on U.S. congressional aviation leaders and the administration to support the strengthening and modernization of the U.S. air traffic control (ATC) system. The group’s collective view is that the U.S. must continue to have a safe, efficient and resilient ATC system. To accomplish this objective, Congress should consider making changes to its administration of the Aviation and Airways Trust Fund in such a way that maintains the appropriators’ and authorizers’ important oversight role while giving the FAA the ability to more effectively utilize the Trust Fund balance for needed facility upgrades [...]

2024-07-18T04:23:24+03:00July 17th, 2024|AIRLINES, News, ORGANISATIONS|
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Passenger traffic in LAC grew by 5.3% in May

Source: ALTA The international air market within Latin America experienced the highest growth in May and has been the most dynamic since the post-pandemic period The intraregional international market, encompassing international travel within Latin America and the Caribbean (LAC), experienced the highest percentage growth in May 2024 compared to domestic and extraregional international travel. This market reached 4.45 million passengers, a 13.2% increase compared to May 2023. From January to May, the intraregional international market also recorded the highest percentage growth, with an increase of nearly 17%. It is noteworthy that this segment was the only one that had not surpassed pre-pandemic levels until July 2023. Additionally, it showed a 6% growth compared to 2019 during this month. This growth [...]

2024-07-16T20:32:39+03:00July 16th, 2024|News, ORGANISATIONS|
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Top 20 busiest airports in the world  confirmed by ACI World 

Source: ACI World Air travel as strong as ever reveals the new edition of the industry's most comprehensive airport traffic dataset Airports Council International (ACI) World has today published the latest ACI World Airport Traffic Dataset, confirming the top 20 busiest airports in the world in 2023. The dataset's key findings confirm total global passenger traffic for 2023 was close to 8.7 billion, driven by a continued resurgence in international traffic. This segment was propelled by several factors, including the anticipated benefits from the reopening of the Asian markets and a growing inclination towards travel despite macroeconomic conditions. ACI World Director General and CEO Luis Felipe de Oliveira said: "The dataset findings indicate that the demand for air travel is [...]

2024-07-16T20:52:33+03:00July 16th, 2024|AIRPORTS, News|
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American Airlines named best place to work for disability inclusion for ninth consecutive year

Source: American Airlines American Airlines has received a top score of 100 on the Disability Equality Index® (DEI) and was named one of the best places to work for disability inclusion in 2024 for the ninth consecutive year. The DEI exists to help businesses make a positive impact on the unemployment and underemployment of people with disabilities. "We are honored to be recognized as a best place to work for disability inclusion and to achieve a top score on the Disability Equality Index,” said Cedric Rockamore, American’s Chief Diversity Officer. “This recognition reaffirms our steadfast commitment to fostering an environment where people from all backgrounds and abilities feel welcomed, valued and celebrated. We are committed to building and nurturing an [...]

2024-07-16T20:39:41+03:00July 16th, 2024|AIRLINES, News|
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SITA wins Heathrow Airport’s confidence with contract extension for network infrastructure solutions

Source: SITA   SITA will bolster Heathrow Airport's expansive IT infrastructure, as both continue a trusting collaboration in their longest contract extension to date. SITA, the global leader in air transport technology, has signed a five-year extension with Heathrow Airport to support Heathrow's vast and growing network infrastructure. Through this agreement, SITA will provide a wide range of network, telecommunications, and connectivity services, while introducing innovative new solutions to businesses operating within Heathrow. Since 2011, SITA has built a strong relationship with Heathrow, reinforcing the airport's infrastructure as it became the busiest airport in Europe, with nearly 80 million passengers in 2023. As part of the new agreement, SITA will continue to strengthen Heathrow's digital infrastructure, managing its extensive network [...]

2024-07-16T22:45:49+03:00July 16th, 2024|AIRPORTS, AROUND THE WORLD, News, SUPPLIERS|
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Emirates SkyCargo Orders Five More Boeing 777 Freighters to Modernize Fleet

Source: Boeing Carrier doubles 777 Freighter order book to 10 as it renews fleet with the industry's most efficient and capable twin-engine freighter Boeing and Emirates SkyCargo announced an order for five additional 777 Freighters as the operator again picks the world's most capable twin-engine freighter to meet growing cargo demand. The new purchase takes Emirates' order book to 245 Boeing widebody airplanes, including 10 777 Freighters. Emirates SkyCargo is the cargo division of Emirates, the world's largest international airline. Its investment in the 777 Freighter will boost main deck cargo capacity 30 percent by 2026. In all, Emirates' freighter fleet will grow to 17 airplanes – including 777 Freighters, 777 converted freighters and 747 Freighters. "Demand for our world-class [...]

2024-07-16T21:04:38+03:00July 16th, 2024|AIRLINES, AROUND THE WORLD, MANUFACTURERS, News|
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The Euro Cup final could be seen live on board all Iberia planes

Source: Iberia   The airline offered free Wi-Fi on all its flights so that customers could follow the game through their mobile devices. It was through the Wi-Fi portal, where they could access the streaming offered by Sports 24. It was the first time that an event was seen live on Iberia planes, at 30,000 feet above sea level and even across the Atlantic. More than 1000 seats were available to support La Roja The Iberia Group offered this weekend more than 1,100 seats to travel to Germany and support the Spanish National Team. Iberia Express usually offers three daily flights to Berlin, operated with Airbus A320 aircraft with capacity for 180 passengers, which means 540 seats per day in [...]

2024-07-15T11:05:10+03:00July 15th, 2024|AIRLINES, News|
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WestJet and AMFA agreement ratified

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 [...]

2024-07-15T10:44:21+03:00July 15th, 2024|AIRLINES, News|
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