13 March, 2024
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.
Envoy IV CC Mk1 |
23 February, 2024
Emirates A380 lands in Austria
RAF Poseidon aircraft conducts training in Iceland
A Poseidon P8 Maritime Patrol Aircraft based at RAF Lossiemouth has conducted training with the United States Navy and the Icelandic Coast Guard flying from Keflavik Iceland.
A Poseidon P8 Maritime Patrol Aircraft based at RAF Lossiemouth has conducted training with the United States Navy and the Icelandic Coast Guard flying from Keflavik Iceland.
The Poseidon from 120 Squadron, a part of the RAF Poseidon Force, conducted training as part of Exercise Icelandic Falcon. Also taking part was a second P8 flown by the US Navy’s Patrol Squadron 9 (VP-9), the “Golden Eagles”. This squadron is based at Naval Air Station Whidbey Island, Washington on the US west coast.
22 February, 2024
Airbus and TotalEnergies sign strategic partnership for sustainable aviation fuels
Airbus and TotalEnergies have signed a strategic partnership to address the challenges of decarbonising aviation through sustainable aviation fuels.
The supply by TotalEnergies of sustainable aviation fuels for more than half of Airbus' needs in Europe.A research and innovation programme aimed at developing 100% sustainable fuels tailored to the design of current and future aircraft. The impact of the composition of sustainable aviation fuels on the reduction of CO2 emissions and non-CO2 effects, such as contrails, will also be studied.
TotalEnergies has been supplying the SAF used by Airbus for its aircraft deliveries in Toulouse since 2016.TotalEnergies also supplied the fuel for several first SAF flights with Airbus aircraft:In May 2021, the 1st long-haul flight using French-produced SAF with an A350 between Paris and Montreal;In November 2021, the first flight of a H225 helicopter, from the "Super Puma" family, using 100% SAF;In March 2023, the first A321neo flight with 100% SAF.
JetSMART opts for Pratt & Whitney GTF engines to power its latest order of Airbus jets
21 February, 2024
STARLUX orders Airbus A350F and more A330neo widebodies
STARLUX Airlines of Taiwan has placed a firm order for five all-new A350F freighters and three more A330neo widebody aircraft. The agreement was signed at the Singapore Airshow by KW Chang, Chairman of STARLUX Airlines and Christian Scherer, CEO of the Commercial Aircraft business of Airbus.