Copa Holdings’ Margin Surges on Higher Passenger Demand
Copa Holdings (NYSE: CPA) — operator of Latin American airline Copa Airlines — recently reported third-quarter earnings that included strong year-over-year revenue growth and margin expansion. What was even more impressive was the fact that Copa put up those numbers in the face of hurricanes and an electrical failure at its primary hub in Panama […]
United Completes Last International Flight for Boeing 747 Fleet
After departing Seoul-Incheon Airport one last time, United Airlines flight 892 touched down at 11:00 a.m. on Sunday at San Francisco International Airport. The arrival of this flight marked the last international regularly scheduled flight for the airline"™s Boeing 747. The airline flew its 374-seat jet from its San Francisco hub to many Asian destinations […]
Azul announces order of five Airbus A330-900neo
Azul S.A. announces an order for five next-generation Airbus A330-900neo widebody aircraft from Avolon, an international aircraft leasing company. With deliveries starting in late 2018, the A330neo will be deployed to further strengthen Azul’s international flights to the U.S. and Europe, and to serve select new destinations. Azul will be the only airline in South […]
Spirit Airlines is first carrier to add American-made Airbus A320 to its fleet
Spirit Airlines on Monday welcomed the first American-made Airbus A320 aircraft to its fleet during a ceremony at its new $32 million hangar and maintenance facility at Detroit Metropolitan Airport. The new plane, dubbed NK650, was manufactured at an Airbus factory in Mobile, Ala. It is expected to officially enter service in the fall, an […]
Seat densification multi-fold strategy: Focus on revenue optimization, unit cost containment and profit maximization
Seat densification is an industry trend and it’s clear why. It’s an affordable way to increase total seat capacity while enabling both lower cost-per-mile and cost-per-seat on each flight. At the same time, it allows to increase revenue opportunities per flight and overall route profitability. Furthermore, if it coincides with new and lower weight slimline […]
Realignment of the Lufthansa Group leads to significant profit improvement
The Lufthansa Group increased its total revenues by 12.7 percent to EUR 17.0 billion in the first six months of 2017 (prior-year period: EUR 15.0 billion). Traffic revenues were up by 14.2 percent to EUR 13.3 billion (prior-year period: EUR 11.6 billion). The key earnings indicator Adjusted EBIT was roughly doubled to over EUR 1 […]
Airbus delivers its 100th A350 XWB
Airbus has delivered its 100th A350 XWB, just some 30 months after the first delivery of the world"™s most modern widebody aircraft in December 2014. The 100th aircraft delivered is an A350-900 for China Airlines. "The 100th A350 XWB milestone comes as we reach our fastest widebody production ramp-up, on track to meet the target […]
Virgin Atlantic sees impressive gains in fuel efficiency and an 8% fall in emissions as a result of fleet changes
Following a slowdown in the overall fuel efficiency of its fleet in 2015, Virgin Atlantic Airways has rebounded with an impressive 8% annual improvement last year, according to the airline"™s latest Sustainability Report 2017. This is largely down to the positive impact of Boeing 787 aircraft entering the fleet in 2016, improved passenger load factors […]
Nearly 35,000 aircraft valued at US$5.3 trillion required in the next 20 years
The world"™s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes as traffic is set to grow at 4.4 percent per year, according to Airbu"™ latest Global Market Forecast 2017-2036. Over this period, increasing numbers of first time flyers, rising disposable income spent […]
Governments Need to Support Production of Sustainable Aviation Fuels
The International Air Transport Association (IATA) 73rd Annual General Meeting (AGM) approved a resolution calling for governments to implement policies to accelerate the deployment of sustainable aviation fuels (SAF). The Resolution also reaffirmed the industry"™s commitment to work with governments to implement the Carbon Offset and Reduction Scheme for International Aviation (CORSIA) global CO2 emissions […]
