Spirit Airlines Inc. (SAVE) Moves Higher on Volume Spike for June 08
Spirit Airlines Inc. (SAVE) traded on unusually high volume on Jun. 08, as the stock gained 0.79% to close at $55.85. On the day, Spirit Airlines Inc. saw 2.07 million shares trade hands on 16,575 trades. Considering that the stock averages only a daily volume of 1.16 million shares a day over the last month, […]
Ryanair boss O’Leary sells £63m shares in the airline
Ryanair boss Michael O’Leary’s position as one of the Republic’s few billionaires has been sealed after he sold €72m (£63m) worth of his shares in the airline, bringing his total sales to more than €300m (£261m) over the past 17 years. The airline chief executive offloaded four million shares at €18 (£16) each last Friday. […]
ALTA Welcomes Airline IT Solutions Provider Hitit CS to Association’s Growing Affiliate Membership
ALTA (the Latin American and Caribbean Air Transport Association) today welcomed airline IT solutions provider Hitit CS to the association’s affiliate membership. ALTA’s affiliate members are airline-related organizations that work collaboratively with the association on aviation industry initiatives throughout the Latin America and Caribbean region. «We are pleased to welcome Hitit CS to ALTA’s growing […]
Improving net margins and profitability – how to build a successful long-haul low-cost business strategy
In order to compete with a much lower cost base, one close enough or at the same cost level structure than short-haul Low Cost Carriers ("LCC"), a number of legacy carriers have launched or are planning to launch new brands within their holding umbrella to compete more efficiently in the Long-Haul Low-Cost ("LHLC"). segment Today, […]
Why Little Alaska Airlines Has the Happiest Customers in the Skies
The Western-U.S.-based airline has one of the most valuable loyalty programs in the business. Now it"™s expanding routes across the continent. It practically goes without saying: American airlines have a public-relations crisis on their hands. Almost every week since a passenger was bloodied and dragged off a United Airlines Inc. flight in early April, another […]
Ryanair wants to take Alitalia routes, not buy airline
Ryanair is ready to deploy up to 30 planes in Italy to replace capacity lost if Alitalia collapses or is restructured but does not want to buy the struggling Italian carrier, chief executive Michael O’Leary has said. Ryanair’s view mirrors the stance of rival EasyJet and Aer Lingus owner International Airlines Group. They have both […]
Airline quality rankings released
The 2017 Airline Quality Ranking is out and despite a spate of bad publicity domestic carriers have improved their performance over 2016. The ratings, joint venture between Wichita state University and Emery Riddle, are a deep dive into performance: The Airline Quality Rating (AQR) is the most comprehensive study of performance and quality of the […]
ALTA Adds Trio Of MRO Members
Aeroman, which provides airframe and component MRO along with associated engineering, testing, inventory and logistics services from a sizable complex of maintenance hangars and specialist workshops at El Salvador International Airport, has become an affiliate member of ALTA, the non-profit Latin American and Caribbean Air Transport Association. Not only is Aeroman the fourth MRO company […]
Richard Branson hints at starting a new U.S. airline
In an interview on Bloomberg TV last week, Virgin America founder Sir Richard Branson said he"™s open to the idea of starting a new airline in the U.S., pending the outcome of a dispute with Alaska Airlines over how long it will pay royalties for the Virgin America brand it acquired last year. Alaska bought […]
Airline industry braces for record-high summer travel
The airline industry is bracing for a record-high number of travelers this summer. About 234 million passengers, or approximately 2.5 million travelers per day, are expected to fly on U.S. airlines between June 1 and Aug. 31, according to Airlines for America (A4A). That travel volume would be a 4 percent increase from the previous […]
