15 March, 2024
SAS and the Norwegian armed forces signs new agreement for strategic evacuation
Boeing warns airlines to check 787 flight deck seat switches following LATAM mishap.
14 March, 2024
Boeing's records of who worked on the doorplug that blew off an Alaska Airlines 737 MAX jet deleted
Former Boeing whistleblower found dead
UK's Civil Aviation Authority proposes streamlined licensing system for General Aviation Pilots
General Aviation Pilot Licensing could be simplified and rationalised under new proposals.The proposals cover the potential changes to pilot licensing for aeroplanes, sailplanes, helicopters, gyroplanes and balloons and airships.Follows extensive work by the UK Civil Aviation Authority to consider the general aviation community views on licensing.
Airlines try to leverage Boeing woes despite lack of alternatives
U.S. approve full speed production of F-35 fighters.
13 March, 2024
Sentient Jet unveils 2024 exclusive benefits guide
Leading private aviation company and inventor of the jet card category, Sentient Jet launches its highly anticipated 2024 Exclusive Benefits Guide, providing Jet Card Owners increased opportunities to maximize their membership with Sentient Jet with 12 new partners.
- Etereo, Riviera Maya, Auberge Resorts- Susurros del Corazón, Auberge Resorts- L’Ermitage Hotel, Beverly Hills- The Boca Raton Resort & Beach Club- Castle & Key Distillery, Lexington, KY- Worth Avenue Yachts- Human Longevity Wellness & Medical Service- The Ranch Wellness Retreats- Ghurka Luxury Leather Goods & Accessories- Solstice Sunglasses- Theorem Vineyards- SkyView Sunlight Lamps
RAF Voyager operates with Swedish and US fighters over Scandinavia.
12 March, 2024
United turning its back on Boeing's 737 MAX 10 jets.
10 March, 2024
BBN Airlines Indonesia Secures Additional AOC, Boosts Passenger Flight Operations
08 March, 2024
Xwing gains U.S. Army xTech SBIR autonomy contract
Building on success of recent Air Force autonomous cargo missions, Xwing will demonstrate its mission-ready autonomy technology to support Army modernization efforts.
Building on success of recent Air Force autonomous cargo missions, Xwing will demonstrate its mission-ready autonomy technology to support Army modernization efforts.
07 March, 2024
flyExclusive announces $25 Million equity investment
06 March, 2024
Boeing and Ethiopian Airlines agree deal for 8 Boeing 777-9 jets.
05 March, 2024
Ethiopian Airlines has agreed to purchase eight Boeing 777-9 passenger aircraft
American Airlines to retrofit Airbus jets to add more seats...
04 March, 2024
Another big Airbus order from American Airlines.
American Airlines orders 85 additional A321neo aircraft
28 February, 2024
Volaris Reports Financial Results for the Fourth Quarter 2023: Net Income of USD $112 million
Fourth Quarter 2023 Highlights
(All figures are reported in U.S. dollars and compared to 4Q 2022 unless otherwise noted)
Net income of $112 million. Earnings per share of $0.10 and earnings per ADS of $0.97 cents.
Total operating revenues of $899 million, a 10% increase.
Total revenue per available seat mile (TRASM) increased 11% to $9.56 cents.
Available seat miles (ASMs) decreased 1.1% to 9.4 billion.
Total operating expenses of $735 million, representing 82% of total operating revenue.
Total operating expenses per available seat mile (CASM) decreased 2.3% to $7.81 cents.
Average economic fuel cost decreased 16% to $3.13 per gallon.
CASM ex fuel increased 11% to $4.86 cents.
EBITDAR of $281 million, a 35% increase.
EBITDAR margin was 31.3%, an increase of 6.0 percentage points.
Total cash, cash equivalents, restricted cash, and short-term investments totaled $789 million, representing 24% of the last twelve months’ total operating revenue.
Net debt-to-LTM EBITDAR2 ratio decreased to 3.4x, compared to 3.9x in 2022.
Enrique Beltranena, President & Chief Executive Officer, said: “Throughout 2023, we gained valuable lessons when resizing the operations, capitalizing on strong demand while adjusting our network, and turned a very complex situation into a solid financial result for the fourth quarter. We recorded our highest-ever historical quarterly TRASM and posted a net income of $112 million. Our performance demonstrated resilience in the face of the challenges encountered throughout the year, such as the extended FAA downgrade of Mexico to CAT 2, Pratt & Whitney's engine preventive accelerated inspections, and slot reductions at the Mexico City International Airport. Our proactive strategies and mitigation plan have proven effective.
Looking ahead, 2024 holds promise, as our booking curves and total unit revenues indicate continuing favorable trends aligned with our guidance. We expect that our focus on operational efficiency, customer satisfaction, and prudent capacity management will continue to drive profitability.”
Full Year 2023 Highlights3
(All figures are reported in U.S. dollars and compared to FY 2022 unless otherwise noted)
Net income of $8 million. Earnings per share of $0.01 and earnings per ADS of $0.07.
Total operating revenues of $3,259 million, a 14% increase.
Total revenue per available seat mile (TRASM) increased 3.8% to $8.38 cents.
Available seat miles (ASMs) increased 10% to 38.9 billion.
Total operating expenses of $3,036 million, representing 93% of total operating revenue.
Total operating expenses per available seat mile (CASM) decreased 1.7% to $7.81 cents.
Average economic fuel cost decreased 18% to $3.11 per gallon.
CASM ex fuel increased 13% to $4.81 cents.
EBITDAR of $823 million, a 40% increase.
EBITDAR margin was 25.2%, an increase of 4.7 percentage points.
27 February, 2024
Ukrainian pilots learn to fly F-16 Fighter jets following basic training in the UK
The first cohort of Ukrainian pilots to receive training from the Royal Air Force are now learning to fly F-16 fighter jets, having completed a basic programme of training in the UK.
The first cohort of Ukrainian pilots to receive training from the Royal Air Force are now learning to fly F-16 fighter jets, having completed a basic programme of training in the UK.
“Combined with training from the world-leading RAF, this is a significant step forward from Ukraine’s current Soviet-era capabilities."Defence Secretary Grant Shapps
Virgin Australia leadership to transition
The Board of Virgin Australia will shortly commence a global search process for a new CEO.
Secretary of State for Defence visits RAF Valley
“The sobering events taking place 1500 miles to the east of us, underscore the importance of RAF Valley’s work to both UK Defence and to our NATO Allies."
Defence Secretary Grant Shapps
Defence Secretary Grant Shapps said, "There is a real sense of purpose about this place, it is buzzing with activity and one quickly gains a sense that RAF Valley is fully connected to the front-line and committed to meeting future operational needs, in the form of producing first class, front-line fighter pilots of the highest quality, in the required quantity, and getting them where they are needed in a timely manner.
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