On Friday, Zacks Equity Research released their latest airline industry analysis, which included news from JetBlue Airways Corp., Delta, Southwest Airlines Co., and American Airlines Group Inc.
IAG, the parent company of British Airways, reports a 6th months operating profit from subsidiaries Iberia and Vueling of in excess of €230 million, compared with a loss of €33 million in the same period last year.
After reducing its long-term debt last year by 13% last year, Virgin America continues with other strategical moves to keep its air-fleet flying. The company filed yesterday registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The official announcement however fails to specify a date, price […]
In news from low cost airline leader Ryanair, the carrier will be introducing a new “family-friendly” service at a special event in London. Discounted charges for various services by the airline were just announced via Travel Mole.
For May 2014, airberlin ferried a total of 2,971,840 passengers to destinations worldwide. The increase, of +0.5 percent over the same period of 2013, represented equaled a high capacity utilization rate of 79.5 percent. Seat miles/kilometers increased, as did other comparative figures.
Croatia has a new airline connectivity service, European Coastal Airlines is starting the first ever hydroplane service in the country. Destined to connect summer beach goers with the country’s wonderful Adriatic destinations, the German-Malaysian owned carrier also announcer online bookings.
Low cost champion Ryanair announced recently traffic growth by some 400,000 passengers totaling almost 8 million in April. The figures relate growth based on this year’s Easter travel, according to the airline up by 5% year on year. Lower prices, improved customer service, and added services like allocated seating were said to be major reasons […]
Total passenger traffic for AEGEAN and Olympic Air was up by 26% for April 2014, climbing to 751,347 passengers, 153,443 more than the total for both companies during the same period in 2013.In April, AEGEAN and Olympic Air operated 7.933 flights improving the load factor by 9 units, reaching 76%.
Delta Air Lines has just announced their expansion of daily service from JFK in New York to Zurich, Rome, Paris, and Amsterdam.
Low cost air carrier Frontier Airlines has cut everything to the bone to provide the lowest possible fares, now the El Cheapo airline has to charge passengers for carry on luggage. As of yesterday all flyers with Frontier will have to spot the carrier a fee of a minumum of $25 bucks for overhead carry-on luggage.
Aeroflot has taken delivery of a new Boeing 777-300ER named in honor of Anton Chekhov, the famous Russian author. Configured in a three class arrangement, the new 777-300ER also includes increased leg room, an upgraded on-board menu, additional baggage room and more Aeroflot Bonus reward miles. So far this is Aeroflot’s 6th aircraft in the class.
According to reports from Crimea, Russian President Vladimir Putin has signed into effect travel promotional legislation including dropping the VAT tax on air travel starting June 1, 2014. Currently the VAT for air travel in Russia is 18%, according to the Voice of Russia.