Air Lease Places Four New Boeing 737 MAX 8s with Caribbean Airlines
Air Lease entered long-term lease agreements with Caribbean Airlines for four new Boeing 737 MAX 8 aircraft, scheduled to deliver to the airline starting in the fourth quarter of 2019 through 2020. These four new aircraft will join two Boeing 737-800s currently on lease to Caribbean Airlines from ALC. “ALC is extremely pleased to announce […]
IAG caps non-EU ownership but counts UK as EU investor
British Airways and Iberia parent IAG is fixing the maximum permitted ownership by non-European Union entities at 47.5%, but the company is not currently planning to classify UK shareholders as non-EU. Airlines which enjoy the benefits of EU traffic rights must ensure that they are majority EU-owned. The UK currently remains an EU member state […]
Healthy Passenger Demand Continues in 2018 with Another Record Load Factor
The International Air Transport Association (IATA) announced global passenger traffic results for 2018 showing that demand (revenue passenger kilometers or RPKs) rose by a healthy 6.5% compared to full-year 2017. Although this represented a slowdown compared to the 2017 annual growth of 8.0%, it was another year of above-trend growth. Full year 2018 capacity climbed […]
Air Freight Demand Ends Year Up 3.5%: IATA
The International Air Transport Association (IATA) released full-year 2018 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.5% compared to 2017. This was significantly lower than the extraordinary 9.7% growth recorded in 2017. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 5.4% in […]
Oneworld celebrates 20th Anniversary
The CEOs of Oneworld® member airlines met in London to unveil a radical transformation of the global alliance as it marks the 20th anniversary of its launch. The moves are designed to increase the value that Oneworld delivers to customers and to its member airlines as it enters its third decade while also reflecting the […]
SIA expands JetBlue codeshare; deploys regional A350 to Brisbane
Singapore Airlines (SIA) recently expanded its codeshare with JetBlue on flights out of New York John F. Kennedy International airport, while also deploying the regionally configured Airbus A350-900s on flights to Brisbane. The Star Alliance carrier tells FlightGlobal that its expanded codeshares with JetBlue started on 15 January. SIA also confirmed that it has been […]
Thousands of Flights Are Being Cancelled Because of the Extreme Cold
More than 2,000 flights have been cancelled across the U.S. this week as historically frigid weather Nearly 2,000 of the cancelled flights were scheduled to arrive or depart from Chicago, where temperatures are below zero degrees Fahrenheit and wind chills are diving as low as 50 to 60 degrees below zero, according to FlightAware’s cancellation […]
Overcapacity in European Aviation Market Impacts Airline Revenue Per Seat
Low fares are set to continue in the European aviation market as overcapacity over the Winter season has seen Ryanair lower market expectations for 2019 financial results and easyJet report lower per seat revenue. U.K.-based easyJet this week announced first quarter earnings through December 31 of £1.296 billion, up 13.7 percent, but advised that the […]
Swoop’s summer schedule adds two Canada-US routes
Swoop’s expanded summer schedule will feature new transborder flights between Edmonton and both Oakland and Orlando as well as five new domestic markets, the Canadian ultra-LCC said Jan. 21. The Oakland flights, which will operate three times per week, represent a new station for the WestJet subsidiary. They are also the California city’s first service […]
IndiGo profit drops 75%; maintains rapid fleet, capacity growth
Indian LCC IndiGo reported a significant drop in profit for the December quarter, as the carrier continues its rapid fleet and capacity growth. The airline achieved a profit of INR1.9 billion ($26.6 million) for the three-month period, its fiscal third quarter. This was down by 75% from the INR7.6 billion profit for the same period […]
