04 August, 2022
Southwest Airlines and Angelo State University Announce Destination 225° Partnership
Norwegian carried over 2.2 million passengers during July
KLM will fly to adventurous Finnish Lapland
KLM Royal Dutch Airlines will operate direct service between Amsterdam Airport Schiphol and Rovaniemi in northern Finland every Saturday from 3 December 2022 through 25 March 2023. KLM will deploy a Boeing 737-800 on this route, which can carry up to 186 passengers. Rovaniemi is KLM’s second destination in Finland after Helsinki. By adding Rovaniemi to its network, KLM will meet the growing demand for adventurous winter trips to Lapland.
Allegiant Travel Company has reported its second quarter of 2022 results .....
Consolidated | Three Months Ended | Percent Change | |||||||
(unaudited) (in millions, except per share amounts) | 2022 | 2021 | 2019 | YoY | Yo3Y | ||||
Total operating revenue | $ 629.8 | $ 472.4 | $ 491.8 | 33.3 % | 28.1 % | ||||
Total operating expense | 603.7 | 333.6 | 383.7 | 81.0 | 57.4 | ||||
Operating income | 26.1 | 138.9 | 108.1 | (81.2) | (75.8) | ||||
Income before income taxes | 5.8 | 122.6 | 91.8 | (95.2) | (93.6) | ||||
Net income | 4.4 | 95.0 | 70.5 | (95.4) | (93.8) | ||||
Diluted earnings per share | $ 0.24 | $ 5.49 | $ 4.33 | (95.6) | (94.5) | ||||
Six Months Ended | Percent Change | ||||||||
(unaudited) (in millions, except per share amounts) | 2022 | 2021 | 2019 | YoY | Yo3Y | ||||
Total operating revenue | $ 1,130.0 | $ 751.6 | $ 943.4 | 50.3 % | 19.8 % | ||||
Total operating expense | 1,096.6 | 588.1 | 744.2 | 86.5 | 47.4 | ||||
Operating income | 33.4 | 163.5 | 199.2 | (79.6) | (83.3) | ||||
Income (loss) before income taxes | (4.7) | 131.2 | 165.7 | (103.6) | (102.9) | ||||
Net income (loss) | (3.5) | 101.9 | 127.7 | (103.5) | (102.8) | ||||
Diluted earnings (loss) per share | $ (0.20) | $ 6.04 | $ 7.84 | (103.3) | (102.6) |
(1) | Recognition bonus awarded despite not meeting internal profit-sharing targets |
(2) | Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information |
"Demand surged in the second quarter resulting in the highest revenue-generating quarter in company history," stated
"As we head into the third quarter, we continue to focus on operational integrity, ensuring safe and reliable travel for our customers. Our operations and planning teams have made significant progress combating the challenges present within the current operating environment. We have seen significant improvements in reliability into the third quarter, with a July controllable completion factor of 99 percent, as compared with 97 percent in June. We expect to finish the quarter with a controllable completion of over 99 percent.
"Looking ahead to 2023, we remain focused on improving margins and our major strategic initiatives, including integration of the Boeing MAX fleet, and the opening of
"In closing, I am humbled by the hard work and dedication of our more than 5,000 team members across the network. This industry is not for the faint of heart, but we truly have the best employees. I cannot thank them enough for making Allegiant the successful airline we are today."
640,000 passengers passed through from London City Airport over June and July
American Airlines announces investment in hydrogen-electric engine developer ZeroAvia
American Airlines announced this week, its investment in ZeroAvia, a leader in hydrogen-electric, zero-emission aviation. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. The engines are intended to power regional jet aircraft with zero emissions.
“Our investment in ZeroAvia’s emerging hydrogen-electric engine technology has the potential to play a key role in the future of sustainable aviation,” said Derek Kerr, American’s Chief Financial Officer. “We are excited to contribute to this industry development and look forward to exploring how these engines can support the future of our airline as we build American Airlines to thrive forever.”
ZeroAvia is working to achieve certain type certifications of its innovative propulsion technology that will pave the way for the engines to be incorporated into the regional jet market in the future. The ZA2000-RJ powertrain is anticipated to enable passengers to fly in zero-emission regional jets as early as the late 2020s.
June Air Cargo: Stable and Resilient
The International Air Transport Association (IATA) released data for global air cargo markets showing healthy and stable performance. Note: We returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise noted.
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03 August, 2022
Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters
Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters, following its earlier commitment announced at the Singapore Airshow. The freighters will upgrade Etihad’s freight capacity by deploying the most efficient cargo aircraft available in the market.
Two new Airbus A321neo aircraft for Qanot Sharq Airlines of Uzbekistan
Air Lease Corporation leases two new Airbus A321neo jets to Qanot Sharq Airlines
SWISS expands its customers’ carbon-neutral air travel options
SWISS is introducing a new ‘Green Fare’ for customers flying from Denmark, Sweden or Norway which ensures that the carbon dioxide emissions generated by their air travel are fully offset through the use of sustainable aviation fuel and investments in climate protection projects. SWISS customers’ use of the carbon-neutral flying option has increased tenfold since this was integrated into the flight booking process. All SWISS long-haul guests will also be able to make their flight carbon-neutral via an onboard carbon offset option by the end of this year.