/Delta invests in employees across the globe, provides profit sharing equal to 10.4% of annual pay/

Delta invests in employees across the globe, provides profit sharing equal to 10.4% of annual pay

Source: Delta Air Lines On Valentine's Day, Delta employees received a check for 10.4% of their eligible earnings. This payout marks an important milestone for Delta’s profit-sharing program, bringing the total paid out to employees since its inception in 2007 to $11 billion. Valentine’s Day is an extra special day for Delta, with employees receiving their share of Delta’s 2023 profit. Delta people are receiving a check for 10.4% of their eligible earnings – representing more than one month’s pay. The payout marks an important milestone for Delta’s profit-sharing program, bringing the total paid out to employees since its inception in 2007 to $11 billion. Delta continues to lead the industry in profit sharing, with this year’s total greater than [...]

2024-02-15T18:27:37+02:00February 15th, 2024|AIRLINES, News|

oneworld serves up another major win in wine tasting awards

Source: oneworld For the 13th year in a row the oneworld® alliance has been named the world's Best Airline Alliance for wines served by member airlines onboard in an annual international tasting competition. The Gold award in the Best Alliance category came from the Business Traveller's Cellars in the Sky Awards 2023 now in its 38th year. The Cellars in the Sky Awards has been running since 1985 and celebrates the best business and first class wines served by airlines on their flights. Judging this year's inflight wines were winemaker John Worontschak, Masters of Wine Sam Caporn and Peter McCombie, and head judge Charles Metcalfe, founder of the International Wine Challenge. oneworld's VP Europe, Middle East and Africa, Roger Blackburn, picked up [...]

2024-02-15T18:14:39+02:00February 15th, 2024|AIRLINES, News, ORGANISATIONS|

Biden-Harris Administration Announces Nearly $1 Billion in Grants from the Bipartisan Infrastructure Law to Improve 114 Airports Across the U.S.

Source: FAA The Federal Aviation Administration (FAA) is awarding $970 million from President Biden's Bipartisan Investing in America agenda to 114 airports across the country, spanning 44 states and three territories. This announcement, which Secretary Buttigieg will make as part of the Administration's Investing in America tour, delivers on President Biden's commitment to rebuilding our nation's infrastructure while lowering costs for families, creating good jobs, and advancing opportunity for all Americans. Today's funding helps meet the growing demand for air travel and launches projects that will improve passenger experience, accessibility, and sustainability while creating good-paying jobs. Investments enhancing the passenger experience include new baggage systems, larger security checkpoints, increasing gate capacity, and modernizing aging infrastructure throughout terminals and ground transportation. [...]

2024-02-15T18:44:55+02:00February 15th, 2024|News, ORGANISATIONS|

Frontier Airlines Announces Nonstop Service from Cleveland Hopkins International Airport to 10 Additional Destinations; Summer Daily Departures to Increase 38% Versus a Year Ago

Source: Frontier Airlines Major Fare Sale on All Routes from CLE; Includes Fares and Premium Seat Upgrades Ultra-low fare carrier Frontier Airlines will begin nonstop service from Cleveland Hopkins International Airport (CLE) to 10 additional destinations in May of 2024. These routes are in addition to service announced last month from CLE to Minneapolis-Saint Paul and New York LaGuardia. With the new routes, Frontier will serve a total of 30 destinations from CLE, increasing average peak summer daily departures by 38 percent versus a year ago. To celebrate, America's Greenest Airline is offering fares as low as $19* and Premium Seat Upgrades starting at $19** on all routes operating from CLE. "Our growth in Cleveland is soaring," said Barry Biffle, CEO, [...]

2024-02-15T18:38:44+02:00February 15th, 2024|AIRLINES, News|

2023: a historic year for Latin American and Caribbean aviation

Source: ALTA Four hundred and fifty-one point six million air passengers is not just any number, it is a historic number for aviation in the Latin America and Caribbean (LAC) region. It represents 52.9 million additional passengers, up 13.3% compared to 2022 and a strong 3.9% above 2019 levels. This figure sets a record for the region as, until 2020, the region had been on a steady growth trajectory since 2010, which was abruptly interrupted by the pandemic. This milestone resumes the growth path. The Caribbean showed the best percentage increase in 2023, with a 20% growth in total passengers, 15% in flights and 16% in seat capacity compared to 2022; the LAC Air Passenger Traffic Report, developed by the [...]

2024-02-14T19:47:22+02:00February 14th, 2024|News, ORGANISATIONS|

American Airlines scores partnership with Texas Rangers, the reigning World Champions

Source: American Airlines American named Official and Exclusive Airline and Airline Rewards Program of the Texas Rangers The multiyear deal scores big for AAdvantage® members, who can unlock exclusive perks American Airlines is teaming up with the reigning World Champions, the Texas Rangers. The multiyear deal taps American as the Official and Exclusive Airline and Airline Rewards Program of the Texas Rangers and includes additional marketing and sponsorship benefits that will engage fans in the community and beyond. "This partnership is a home run for both American and baseball fans," said Ron DeFeo, Chief Marketing and Communications Officer at American. "Just as our airline connects people and places, we look forward to connecting fans with the excitement of baseball and [...]

2024-02-14T19:42:46+02:00February 14th, 2024|AIRLINES, News|

ATR Achieves Robust Growth in 2023

Source: ATR Sales and deliveries surge by 53% and 44% respectively vs 2022 Record year for support and services – 15% increase vs 2022 11 new customers of both new and pre-owned aircraft 160 new routes opened with ATR aircraft worldwide ATR, the world’s leading regional aircraft manufacturer, today announced its 2023 annual results, highlighting a robust growth through increased deliveries and sales, strong performance of support and services, acquisition of new customers and route creation. ATR delivered 36 aircraft in 2023, a 44% increase from 2022. This reflects a positive momentum, while the year was still beset by lingering supply chain disruptions, with raw material and component shortages slowing down the manufacturer’s ambition to ramp up. With 40 new [...]

2024-02-14T19:49:25+02:00February 14th, 2024|MANUFACTURERS, News|

Top 20 markets for air travel demand forecast according to latest ACI World data

Source: ACI World ACI World releases its flagship World Airport Traffic Forecasts 2023–2052 Airports Council International (ACI) World today releases the annual World Airport Traffic Forecasts (WATF) 2023­–2052 dataset, showing the Top 20 markets for air travel demand among other key air traffic findings. The latest WATF extends its horizon by an impressive 10 years, offering a comprehensive 30-year perspective on airport traffic forecasts at global, regional, and country levels. The flagship resource covers data sourced from 141 countries, introducing 29 new countries, to provide granular forecasts for passengers, air cargo volumes (in metric tonnes) and aircraft movements. ACI World Director General Luis Felipe de Oliveira said: "The projections indicate that global passenger traffic is set to reach 9.7 billion by [...]

2024-02-14T20:00:55+02:00February 14th, 2024|AIRPORTS, News|

ATR discloses environmental impact through CDP Climate Change for the first time

Source: ATR Leading regional aircraft manufacturer further strengthens commitment to lower environmental footprint ATR, the world’s leading regional aircraft manufacturer, received a B-score from CDP Climate Change – formerly ‘Carbon Disclosure Project’ – after disclosing its environmental impact for the first time, hereby joining global efforts towards environmental transparency. Annual CDP scores are considered the global benchmark underlining the maturity and robustness of companies’ actions to lower and mitigate the impact of their activities on the environment and climate change. ATR’s data joins the most comprehensive inventory of self-reported environmental data in the world, helping drive action against climate change through greater transparency. CDP’s scores ranging from A to F are attributed on the basis of the exhaustiveness of the [...]

2024-02-13T19:38:43+02:00February 13th, 2024|MANUFACTURERS, News|

WestJet Group refinances majority of existing term loan facility secured by WestJet Rewards loyalty program and WestJet’s brand

Source: WestJet WestJet Group Inc. announced that it extended the maturity of the substantial majority of its term loan borrowings to 2031. WestJet did so by entering into a new secured term loan facility, capitalizing on its ratings upgrade and its strong financial performance, which exceed its pre-COVID earnings. "We are very pleased with this innovative structure, secured by our loyalty program and brand," said WestJet Group Chief Financial Officer Mike Scott. "This opportunistic refinancing transaction enhances our financial flexibility and was oversubscribed, which is reflective of the strength of the WestJet Rewards Loyalty program and the WestJet brand." WestJet's liquidity is in excess of $2 billion and its pro forma adjusted net leverage ratio at year-end 2023 was approximately [...]

2024-02-13T19:36:36+02:00February 13th, 2024|AIRLINES, News|