/Airbus reports First Quarter (Q1) 2024 results/

Airbus reports First Quarter (Q1) 2024 results

Source: Airbus 142 commercial aircraft delivered Revenues € 12.8 billion; EBIT Adjusted € 0.6 billion EBIT (reported) € 0.6 billion; EPS (reported) € 0.76 Free cash flow before customer financing € -1.8 billion 2024 guidance unchanged Airbus SE reported consolidated financial results for its First Quarter (Q1) ended 31 March 2024. “We delivered first quarter 2024 results against the backdrop of an operating environment that shows no sign of improvement. Geopolitical and supply chain tensions continue. In that context, we delivered 142 commercial aircraft,” said Airbus CEO Guillaume Faury. “We started 2024 with a solid order intake across our businesses. The strong momentum on widebody aircraft underpins our decision to increase the production rate for the A350 to 12 aircraft [...]

2024-04-26T20:19:26+03:00April 26th, 2024|MANUFACTURERS, News|
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Biden-Harris Administration Announces $76 Million in Grants from Bipartisan Infrastructure Law to Modernize Airports, From Runway Improvements to Better Facilities

Source: FAA The U.S. Department of Transportation's Federal Aviation Administration (FAA) is awarding another $76.1 million from the previously allocated $9 billion, for 45 airport-related infrastructure projects in 22 states. The projects are funded under President Biden's Bipartisan Infrastructure Law Airport Infrastructure Grants (AIG) program, part of the $25 billion total included in the law for airport improvements, including front-of-house projects such as terminal expansions and baggage system upgrades. "Millions of Americans fly every day, and it's important that our nation's airports beequipped to handle such a volume of passengers," said U.S. Transportation Secretary Pete Buttigieg. "The grants we're announcing today will make key improvements to ensure passengers move safely and efficiently through our airports—and is anotherexample of the Biden-Harris [...]

2024-04-26T20:23:48+03:00April 26th, 2024|AIRPORTS, News, ORGANISATIONS|
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Viva Aerobus: Solid Results in Slowest Seasonal Quarter & Challenging Environment

Source: Viva Aerobus Grupo Viva Aerobus, S.A. de C.V. ("Viva Aerobus" or “Viva”), the parent company of Aeroenlaces Nacionales S.A. de C.V., announced today its 1Q 2024 financial results. Juan Carlos Zuazua, Chief Executive Officer, commented:“I’m very proud of our team’s dedication to overcoming numerous challenges while putting our customers and Gente Viva first. Our commitment to protecting the business and maintaining  disciplined management drives our daily decisions. Our solid 1Q is a testament to our prudent management and reflects the resilience and flexibility of our ULCC business model in a consolidated and underpenetrated Mexican aviation market. We remain cautious given the challenges stemming from the P&W engine recalls, which continue to impact the global industry and our operations. Although [...]

2024-04-26T20:03:13+03:00April 26th, 2024|AIRLINES, News|
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American Airlines reports first-quarter 2024 financial results

Source: American Airlines American Airlines Group Inc. reported its first-quarter 2024 financial results, including: Record first-quarter revenue of approximately $12.6 billion. First-quarter net loss of $312 million, or ($0.48) per diluted share. Excluding net special items1, first-quarter net loss of $226 million, or ($0.34) per diluted share. Achieved best-ever first-quarter completion factor. Generated operating cash flow of $2.2 billion and free cash flow2 of $1.4 billion in the first quarter. Reduced total debt3 by nearly $950 million in the first quarter. The company is now more than 80% of the way to its 2025 total debt reduction goal. “The American Airlines team continues to build a reliable, efficient and resilient airline,” said American’s CEO Robert Isom. “While we aren’t satisfied [...]

2024-04-26T20:30:30+03:00April 26th, 2024|AIRLINES, News|
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US Government Announces Rules to Deliver Automatic Refunds and Protect Consumers from Surprise Junk Fees in Air Travel

Source: US DOT Newly finalized rules will mandate automatic, cash refunds for cancelled or significantly delayed flights and save consumers over half a billion dollars every year in airline fees Building on a historic record of expanding consumer protections and standing up for airline passengers, the Biden-Harris Administration announced final rules that require airlines to provide automatic cash refunds to passengers when owed and protect consumers from costly surprise airline fees. These rules will significantly expand consumer protections in air travel, provide passengers an easier pathway to refunds when owed, and save consumers over half a billion dollars every year in hidden and surprise junk fees. "Passengers deserve to know upfront what costs they are facing and should get their [...]

2024-04-26T20:39:46+03:00April 26th, 2024|News, ORGANISATIONS|
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Travel Math: How your spending habits actually earn you travel perks with Alaska Airlines

Source: Alaska Airlines First, there was the trend, ‘girl math.’ Then, we saw ‘boy math’ take off. Even dogs got in on the equation! Now, we give you: travel math. It’s a playful concept that’s grounded in the very latest consumer insights where “the math” justifies the purchase, all for the sake of indulging in a little treat. We know travelers are using credit card rewards and miles to book their travel and to stretch their dollars, especially Gen Z and Millennials. So, next time you want to book that flight or buy that pair of shoes with your Alaska Airlines Visa Signature® card, we say go for it. Because you’ll earn valuable miles. And of course—travel math. With elite [...]

2024-04-25T07:56:19+03:00April 25th, 2024|AIRLINES, News|
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WestJet CEO Alexis von Hoensbroech outlines long-term growth plan and vision for Alberta’s capital city

Source: WestJet First annual chamber event showcases airline's commitment to the community WestJet provided a comprehensive update on the progress it is making against its targeted growth strategy for Edmonton. Alexis von Hoensbroech, WestJet Group Chief Executive Officer, outlined the airline's strategy and commitments for 2024 and beyond in collaboration with key partners at his first annual address to business and community leaders at the Edmonton Chamber of Commerce. "As the capital city of our home province, we are unwaveringly committed to maintaining and growing our title as Edmonton's leading air carrier, as exhibited by our growing network and track record of fueling Edmonton'seconomic pipeline through inbound tourism and investment attraction," said von Hoensbroech to a sold-out business audience at [...]

2024-04-25T07:52:38+03:00April 25th, 2024|AIRLINES, News|
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Boeing Reports First Quarter Results

Source: Boeing First Quarter 2024 Undertaking comprehensive actions in our commercial business to strengthen quality and safety Financial results reflect lower 737 deliveries and 737-9 grounding customer considerations Revenue of $16.6 billion, GAAP loss per share of ($0.56) and core (non-GAAP)* loss per share of ($1.13) Operating cash flow of ($3.4) billion and free cash flow of ($3.9) billion (non-GAAP)* Total company backlog grew to $529 billion, including over 5,600 commercial airplanes Table 1. Summary Financial Results First Quarter (Dollars in Millions, except per share data) 2024 2023 Change Revenues $16,569 $17,921 (8) % GAAP Loss from operations ($86) ($149) NM Operating margins (0.5) % (0.8) % NM Net loss ($355) ($425) NM Loss per share ($0.56) ($0.69) NM Operating cash [...]

2024-04-25T07:50:28+03:00April 25th, 2024|MANUFACTURERS, News|
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Frontier Airlines Announces New Service from San Juan to Barbados and Santiago, Dominican Republic, Plus Charlotte to Miami

Source: Frontier Airlines Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) will launch nonstop service between Luis Muñoz Marín International Airport in San Juan (SJU) and Cibao International Airport in Santiago de los Caballeros, Dominican Republic (STI) on June 14, 2024, and Grantley Adams International Airport in Barbados (BGI) on July 3, 2024. This is ahead of nonstop service from Charlotte Douglas International Airport (CLT) to Miami International Airport (MIA) launching on July 5, 2024. To celebrate, America's Greenest Airline is offering fares as low as $29* from CLT and MIA and $59* from SJU. "As we anticipate an exciting and potentially record-breaking summer travel season, we're thrilled to further expand our route map," said Josh Flyr, vice president of network [...]

2024-04-24T05:59:29+03:00April 24th, 2024|AIRLINES, News|
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ICAO cooperates with Royal Canadian Mounted Police on investigation

Source: ICAO On Tuesday, April 23, 2024, the Royal Canadian Mounted Police (RCMP) charged two former employees of the International Civil Aviation Organization (ICAO) with criminal conspiracy following a thorough investigation. ICAO is fully cooperating with the RCMP investigation of the individuals involved in the complaint, who left the Organization a number of years ago. ICAO strongly condemns any actions of individuals that are inconsistent with the Organization's values. ICAO is committed to upholding Canada's laws and regulations, the UN Standards of Conduct, and its own stringent code of ethics. As the investigation and judicial proceedings are ongoing, ICAO is unable to provide further comments at this time.

2024-04-24T06:31:11+03:00April 24th, 2024|News, ORGANISATIONS|
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