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World Airline News
Thu, 23 Oct 2014 19:18:50 +0000Etihad Airways to increase the Dallas/Fort Worth route to daily service due to high demand
Etihad Airways (Abu Dhabi) will increase the frequency of its new service to Dallas/Fort Worth to daily from April 16, 2015, to meet the demand from business and leisure travellers on the ultra-long-haul route.
Dallas/Fort Worth will be introduced into Etihad Airways’ global route network on December 3, 2014 with an initial three flights per week service, prior to the upgrade. It is the airline’s sixth route in the United States, alongside New York, Washington DC, Chicago, Los Angeles and San Francisco, which launches on November 18, 2014.
A Boeing 777-200 LR aircraft will be operated on the route, offering a total of eight seats in First Class, 40 seats in Business Class, and 177 seats in Economy Class.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Ex-Air India Boeing 777-237 LR A6-LRE (msn 36304) completes its final approach to Los Angeles.
Filed under: Etihad Airways Tagged: 36304, 777, 777-200, 777-200LR, 777-237, A6-LRE, Boeing, Boeing 777, Boeing 777-200, Boeing 777-200LR, Dallas/Fort Worth, Dallas/Fort Worth International Airport, Etihad Airways, LAX, Los Angeles
Thu, 23 Oct 2014 18:55:14 +0000Qatar Airways to bring the new Airbus A380 to Bangkok starting on January 5, 2015
Qatar Airways (Doha) will assign the new Airbus A380 to the Doha-Bangkok route starting on January 5, 2015.
Copyright Photo: Antony J. Best/AirlinersGallery.com. Airbus A380-861 A7-APA (msn 137) climbs away from the runway at London’s Heathrow Airport.
Filed under: Qatar Airways Tagged: 137, A380, A380-800, A380-861, A7-APA, Airbus, Airbus A380, Airbus A380-800, Doha, Doha-Bangkok, Heathrow, LHR, London, Qatar Airways
Thu, 23 Oct 2014 17:54:11 +0000SF Airlines orders new Boeing 767-300 ER freighter conversions
SF Airlines (Shenzhen) is planning to add the larger Boeing 767-300F freighter to its growing fleet. The 767 will be a new type for the carrier. The cargo airline has placed an order with Boeing for an undisclosed number of 767-300 ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015.
SF Airlines currently operates Boeing 757-200F freighters (above) and Boeing 737 freighters.
Copyright Photo: Yuji Wang/AirlinersGallery.com. Boeing 757-2Z0 (F) B-2832 (msn 25887) is pictured at Shanghai (Pudong).
Filed under: SF Airlines Tagged: 25887, 757, 757-200, 757-200F, 757-2Z0, B-2832, Boeing, Boeing 757, Boeing 757-200, Boeing 757-200F, Pudong, PVG, SF Airlines, Shanghai
Thu, 23 Oct 2014 17:38:27 +0000Kunming Airlines commits to four Boeing Next-Generation 737-700s and six 737 MAX aircraft
Kunming Airlines (Changshui) has committed to purchase 10 Boeing 737s, including four Next-Generation 737-700s and six 737 MAX airplanes.
The commitment, valued at $897 million at current list prices, is subject to the approval of the Chinese government and will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.
Kunming Airlines, based at Changshui International Airport in the capital city of Yunnan province, began operations in 2009. The carrier currently serves more than 25 cities across China by operating a fleet of 10 Boeing 737-700s and five 737-800s.
Copyright Photo: Ivan K. Nishimura/AirlinersGallery.com. The larger Boeing 737-87L B-1926 (msn 41111) taxies at Honolulu.
Filed under: Kunming Airlines Tagged: 737, 737 MAX, 737-700, Boeing, Boeing 737, Boeing 737 MAX 8, Boeing 737-700, Changshui, Changshui International Airport, Kunming Airlines
Thu, 23 Oct 2014 17:18:03 +0000Polar Air Cargo to operate two additional Boeing 747s for DHL Express
Atlas Air Worldwide Holdings, Inc. (New York) today announced the placement of two incremental Boeing 747 freighters into ACMI service with DHL Express.
The two aircraft, a Boeing 747-800F and a 747-400F, will be operated in Polar Air Cargo Worldwide’s express network under an ACMI arrangement for the benefit of DHL Express. Operations are scheduled to begin on October 26, 2014.
When the new ACMI service begins, Polar’s express network will total twelve 747 freighters, consisting of five Boeing 747-800Fs and seven 747-400Fs, in ACMI on behalf of DHL and Polar’s other customers. Atlas also will continue to operate a fleet of Boeing 767 Freighters in CMI service for DHL, with 11 aircraft in operation by the end of January 2015.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Polar Air Cargo’s Boeing 747-46NF N451PA (msn 30809) arrives in Los Angeles.
Filed under: Atlas Air Worldwide Holdings, DHL, Polar Air Cargo Tagged: 30809, 747, 747-400, 747-400F, 747-46NF, ACMI, Atlas Air Worldwide Holdings, Boeing, Boeing 747, Boeing 747-400, Boeing 747-400F, DHL, DHL Express, LAX, Los Angeles, N451PA, Polar Air Cargo
Thu, 23 Oct 2014 16:56:38 +0000Interjet arrives in Houston
Interjet (Mexico City) officially began flight operations in Houston, Texas today (October 23) as the airline celebrated the landing of its inaugural flight connecting Houston’s George Bush Intercontinental Airport (IAH) and Monterrey International Airport (MTY) in Monterrey, Mexico.
The airline will now offer passengers a choice between two daily flights Monday through Friday and one daily flight on Saturdays and Sundays. The inaugural flight from Monterrey arrived in Houston at 7:55 a.m. to the traditional water cannon salute and a welcome celebration featuring dozens of well-wishers.
The arrival of Interjet is the latest example of an unprecedented level of growth for international air travel in Houston. George Bush Intercontinental Airport is currently on pace to see more than 10 million international passengers in 2014, a number never reached in the facility’s 45 year history.
Interjet Aircraft Slide Show:
Filed under: Interjet Tagged: A320, A320-200, Airbus, Airbus A320, Airbus A320-200, bush intercontinental airport, george bush intercontinental airport, Houston, IAH, Interjet, Monterrey International Airport
Thu, 23 Oct 2014 15:57:00 +0000Virgin America and China Airlines start their codeshare relationship
Virgin America (San Francisco) today announced the implementation of a codeshare arrangement with China Airlines (Taipei) that will offer customers seamless bookings and travel between Taipei, Taiwan, elsewhere in Asia and multiple destinations across the United States. The new codeshare agreement, the fourth for the California-based airline, involves China Airlines placing its two-letter airline code (CI) on a range of Virgin America markets including flights between Los Angeles and/or San Francisco to Boston, Chicago, Dallas Love Field, Fort Lauderdale/Hollywood, Las Vegas, Newark, New York (JFK), Seattle/Tacoma and Washington Dulles (IAD). Starting today, China Airlines guests can book their journey across the United States with Virgin America via China Airlines’ website and look forward to a convenient airport experience with one-stop check-in for boarding passes and checked bags.
China Airlines offers daily direct flights from Taipei to San Francisco and Los Angeles, and three flights per week to New York.
The codeshare partnership expands on the two airline’s existing interline agreement, which commenced in May 2012. China Airlines is Virgin America’s fourth codeshare agreement and enhances the airline’s growing partner portfolio.
Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-214 N855VA (msn 5179) prepares to land at Los Angeles International Airport, a common connection point.
Bottom Copyright Photo: Karl Cornil/AirlinersGallery.com. China Airlines’ Airbus A330-302 B-18367 (msn 1278) arrives in Rome (Fiumicino).
Filed under: China Airlines, Virgin America Tagged: 1278, 5179, A320, A320-200, A320-214, A330, A330-300, A330-302, Airbus, Airbus A320, Airbus A320-200, Airbus A330, Airbus A330-300, B-18357, Boston, China Airlines, codeshare agreement, FCO, Fiumicino, JFK, LAX, Los Angeles, N855VA, Rome, San Francisco, Taipei, Virgin America
Thu, 23 Oct 2014 15:25:56 +0000Allegiant Travel Company reports its 47th consecutive profitable quarter
Allegiant Travel Company (Allegiant Air) (Las Vegas) reported a third quarter net profit of $14.2 million, down 17 percent from the same quarter a year ago. The holding company has reported the following financial results for the third quarter 2014, as well as comparisons to prior year equivalents:
“We are very proud to report our 47th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “During this quarter we saw the departure of Andrew Levy, our President and COO. Andrew will be missed. He has left the company in great shape. His legacy includes building a solid, capable management team which ensures the company will maintain its strong performance into the future. In addition, we have also welcomed back Kris Bauer as the airline’s Senior Vice President of Operations and COO while we conduct our search for a replacement. Earlier this week, our Board of Directors approved an increase to our share repurchase authority to $100 million from its current level of $7.4 million. We continue to see strength in the business model and are demonstrating that confidence by actively returning cash to shareholders. Lastly, I want to thank all of our Team Members for their continued efforts during the past quarter.”
Notable company highlights
Repurchased 456,296 shares during the quarter, which brings the total to 1,199,740 shares for the first nine months of 2014. Since the inception of the share repurchase program, the company has repurchased 4,692,385 shares for a total of $316.3 million through the third quarter 2014
Purchased two A319s in August off operating lease
Added three new destinations to Cincinnati. Cincinnati has become the fastest growing origination city in the company’s history
In-service Airbus fleet accounted for over 21 percent of total ASM production in the quarter. In the quarter the company operated ten Airbus aircraft which is 14 percent of the total fleet
Third quarter 2014 revenue performance
East Coast TRASM declined 1.4 percent, however capacity in these markets grew 27.3 percent. Flying on the East Coast accounted for 40 percent of entire network versus 36 percent a year ago
Hawaii TRASM grew 12.7 percent versus the same period a year ago
Average fare – ancillary air-related charges increased 2.1 percent, as we implemented a fee to print a boarding pass at the ticket counter in
September 2014, and also due to continued strength in existing ancillary categories such as assigned seat fees, trip flex and priority boarding
Copyright Photo: Ken Petersen/AirlinersGallery.com. The McDonnell Douglas fleet is holding steady at 53 aircraft while newer Airbus A319s and A320s are being added. McDonnell Douglas DC-9-83 (MD-83) N418NV (msn 49615) arrives at the Las Vegas home.
Filed under: Allegiant Air, Allegiant Travel Company Tagged: 49615, Allegiant Air, Allegiant Travel Company, Andrew Levy, DC-9, DC-9-83, Jr., Kris Bauer, LAS, Las Vegas, Maurice J. Gallagher, McDonnell Douglas, McDonnell Douglas DC-9-83, McDonnell Douglas MD-83, MD-83, N418NV
Thu, 23 Oct 2014 14:33:11 +0000United Airlines reports its highest-ever quarterly profit of $1.1 billion
United Airlines (Chicago) today reported third quarter 2014 net income of $1.1 billion, or $2.75 per diluted share, excluding $151 million of special items, its highest-ever quarterly profit and an increase of 99 percent year-over-year. Including special items, UAL reported third-quarter 2014 net income of $924 million, or $2.37 per diluted share.
United’s consolidated passenger revenue per available seat mile (PRASM) increased 3.9 percent in the third quarter of 2014 compared to the third quarter of 2013.
Third-quarter 2014 consolidated unit costs (CASM), excluding special charges, third-party business expenses, fuel and profit sharing, increased 1.0 percent year-over-year on a consolidated capacity increase of 0.5 percent. Third-quarter 2014 CASM, including those items, decreased 4.0 percent year-over-year.
UAL ended the third quarter with $6.9 billion in unrestricted liquidity.
The company earned a 12.3 percent return on invested capital for the 12 months ended Sept. 30, 2014.
United returned $220 million to shareholders as part of its previously announced $1 billion share buyback program.
“Our third-quarter results demonstrate continued progress, and I want to thank our employees for their contributions to our success,” said Jeff Smisek, UAL’s chairman, president and chief executive officer. “We still have significant opportunity ahead to grow our margins and improve the quality and efficiency of everything we do.”
Third-Quarter Revenue and Capacity
For the third quarter of 2014, total revenue was $10.6 billion, an increase of 3.3 percent year-over-year. Third-quarter consolidated passenger revenue increased 4.4 percent to $9.3 billion, compared to the same period in 2013. Ancillary revenue per passenger in the third quarter increased 10.9 percent year-over-year to more than $22 per passenger. Third-quarter cargo revenue grew 19.1 percent to $237 million driven by higher volumes year-over-year, as cargo traffic returned following lower bookings during the implementation of the company’s new cargo systems in the third quarter of 2013. Other revenue decreased 8.9 percent year-over-year to $1.0 billion mostly due to the company choosing to discontinue an agreement to sell fuel to a third party. The corresponding expense decline appears in third-party business expense.
Consolidated revenue passenger miles increased 0.4 percent and consolidated available seat miles increased 0.5 percent year-over-year for the third quarter, resulting in a third-quarter consolidated load factor of 85.8 percent.
Third-quarter 2014 consolidated PRASM increased 3.9 percent and consolidated yield increased 4.1 percent compared to the third quarter of 2013.
Third-quarter consolidated CASM, excluding special charges, third-party business expense, fuel and profit sharing, increased 1.0 percent compared to the third quarter of 2013. Third-quarter consolidated CASM including those items decreased 4.0 percent.
Third-quarter total operating expenses, excluding special charges, decreased $180 million, or 1.9 percent, year-over-year. Including special charges, total operating expenses decreased $348 million, or 3.6 percent, in the third quarter versus the same period in 2013. Third-party business expense was $61 million in the third quarter of 2014.
Third-Quarter Liquidity and Cash Flow
UAL ended the third quarter with $6.9 billion in unrestricted liquidity, including $1.35 billion of undrawn commitments under its revolving credit facility. The company generated $574 million of operating cash flow in the third quarter. During the third quarter, the company had gross capital expenditures of $493 million, excluding fully reimbursable projects. The company made debt and capital lease principal payments of $1.1 billion in the third quarter, including the redemption of the entire $800 million of its 6.75 percent secured notes due 2015. The company also issued an additional $500 million tranche of term loan debt in the quarter.
The company’s long-term capital structure goals include reducing its non-aircraft related debt and achieving a total gross debt balance, including capitalized operating leases, of approximately $15 billion while maintaining an unrestricted liquidity balance of $5 billion to $6 billion, including its undrawn revolver.
As part of United’s $1 billion share buyback program, United returned $220 million to shareholders during the third quarter.
For the 12 months ended Sept. 30, 2014, the company’s return on invested capital was 12.3 percent.
Third-Quarter 2014 Accomplishments
Operations, Employees and Network
United Airlines reported a third-quarter mainline on-time arrival rate (domestic and international) of 77.6 percent, which was adversely affected by a runway closure at its San Francisco hub and the Sept. 26 sabotage and fire at the air traffic control center in Aurora, Illinois. The on-time arrival rate is based on flights arriving within 14 minutes of scheduled arrival time.
United and the Association of Flight Attendants announced that United will offer its flight attendants an enhanced early out program, which allows participants a one-time opportunity to voluntarily separate from the company and receive a severance payment. United also announced that it is recalling all flight attendants who are on voluntary and involuntary furlough.
During the quarter, United announced five new international routes including Guam to Seoul, South Korea, and Shanghai; Houston to Punta Cana, Dominican Republic; and Newark to London, Ontario, Canada. The company also launched new domestic service from Denver to Lafayette, Louisiana, and Hays, Kansas, and from Houston to Boise, Idaho, and Williston, North Dakota, along with seasonal service from Denver to Sun Valley, Idaho. Additionally, the airline announced new service from Newark to South Bend, Indiana, and seasonal service from Newark to Sarasota, Florida, and San Francisco to Montrose, Colorado.
Fleet and Finance
United became the first North American carrier to take delivery of the Boeing 787-9, a stretched version of the Dreamliner that will allow the airline to accommodate more customers and further capitalize on its worldwide route network. The aircraft is the first of 26 787-9s that United has on order. The company also took delivery of four Boeing 737-900 ER aircraft and four Embraer 175 aircraft during the third quarter.
The company announced that it will add 50 new Embraer 175 aircraft to the United Express fleet. United anticipates deliveries will begin in July 2015 and continue through the summer of 2017. The new aircraft will replace large turboprop aircraft and older, less-efficient aircraft, and are in addition to the 70 new E175s previously announced, bringing the total of new E175s to 120.
United sent notice of redemption of the entire $248 million of its 6.0 percent preferred securities due 2030, which were subsequently retired on Oct. 10, 2014.
The company redeemed the entire $800 million of its 6.75 percent secured notes and simultaneously closed on a transaction to increase the size of its undrawn revolving credit facility by $350 million to a total of $1.35 billion, and issued an additional $500 million tranche of term loan debt.
United continued to install onboard Wi-Fi at a rapid rate, with more than 330 mainline aircraft outfitted with Wi-Fi at the end of the third quarter, including all Boeing 747 and Airbus A319 and A320 aircraft. By the end of the year, the company will have Wi-Fi on two thirds of its mainline fleet and will have begun installation on its two-cabin regional fleet.
The company offered personal device entertainment on more than 180 mainline aircraft – including all Boeing 747s, its Airbus fleet and nine Boeing 777s. Personal device entertainment allows passengers to stream videos and TV shows directly to their own devices inflight.
United launched mobile app passport scanning, becoming the first U.S. airline to offer customers the ability to scan their passports on iOS and Android mobile devices to check in for international flights.
United announced significant upgrades to inflight food service, including this summer’s introduction of new, fresh salads and sandwiches for premium-cabin customers on North America flights. Next year, the company will introduce completely redesigned menu concepts and the expansion of premium-cabin meals within North America, upgraded premium-cabin meal service on United Express flights with freshly prepared food, and significantly enhanced United Economy meals and beverages on long-haul international flights.
United continued installing slimmer, next-generation economy-class seats on certain aircraft, which enables one to two additional rows per aircraft. The airline now offers these seats, which are 10 to 15 percent lighter than the seats they are replacing, on approximately 270 aircraft and expects approximately 350 aircraft to be completed by the end of the year.
United launched Mercedes-Benz tarmac-transportation service in Denver, which is now available for Global Services members and United Global First customers at all of the airline’s mainland U.S. hubs.
The company became the first airline to offer customers Uber transportation services, now available through the United app.
Copyright Photo: Ken Petersen/Airlinersgallery.com. United has been adding new Boeing 737-900 ERs. Boeing 737-924 ER N37466 (msn 31644) arrives at Las Vegas.
Filed under: United Airlines Tagged: 31644, 737, 737-900, 737-900ER, 737-924, Boeing, Boeing 737, Boeing 737-900, LAS, Las Vegas, N37466, United Airlines
Thu, 23 Oct 2014 13:46:09 +0000Southwest Airlines reports a record third quarter net profit
Record third quarter net income, excluding special items1, of $382 million, or $.55 per diluted share, compared to third quarter 2013 net income, excluding special items, of $241 million, or $.34 per diluted share. This represented a 61.8 percent increase from third quarter 2013, and exceeded the First Call consensus estimate of $.53 per diluted share.
Record third quarter net income of $329 million, or $.48 per diluted share, which included $53 million (net) of unfavorable special items, compared to third quarter 2013 net income of $259 million, or $.37 per diluted share, which included $18 million (net) of favorable special items.
Record third quarter operating income of $614 million. Excluding special items, record third quarter operating income of $649 million.
Returned $241 million to Shareholders through dividends and share repurchases.
Return on invested capital1, before taxes and excluding special items (ROIC), for the twelve months ended September 30, 2014, of 19.0 percent, as compared to 10.6 percent for the twelve months ended September 30, 2013.
Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, “We are very pleased to report another record quarterly profit performance, which resulted in a $100 million third quarter 2014 profitsharing expense for our Employees. Excluding special items, third quarter 2014 net income was $382 million, or $.55 per diluted share, and operating income was $649 million, resulting in a 13.5 percent operating margin2. The 386 basis point year-over-year improvement in operating margin, excluding special items, was driven by strong revenues, lower jet fuel prices, and a solid cost performance.
“Total operating revenues were $4.8 billion, which was a 5.6 percent increase from a year ago, despite a four percent decline in trips and two percent fewer seats flown3, as we work through the transition of AirTran aircraft. Our traffic and revenue trends were strong throughout the third quarter, generating a 4.5 percent year-over-year increase in unit revenues, despite a large percentage of our route system in development or conversion as we continued to transition AirTran flying to Southwest. Our third quarter 2014 revenue strength was driven by record load factors and a strong performance in our Rapid Rewards frequent flyer program. Thus far, revenue momentum has continued into October 2014, with favorable load factor and unit revenue trends. Current bookings for November and December are also good.
“Our third quarter 2014 cost performance benefited from lower jet fuel prices and our fleet modernization efforts. With these trends continuing, we are poised for another solid cost performance for fourth quarter 2014. Based on current cost trends, and excluding fuel and oil expense, profitsharing, and special items, we expect full year 2014 unit costs to increase approximately two percent compared to last year.
“Our third quarter 2014 financial performance was very gratifying, and I commend our outstanding Employees of Southwest Airlines for their unending dedication to providing reliable, low cost operations with our legendary, friendly Customer Service. As an industry leader of low fares and low costs, we are very pleased with the transformative and successful execution of our strategic initiatives that contributed significantly to our 19.0 percent ROIC for the twelve months ended September 30, 2014. Our Employees are the very best in the airline industry, and we were thrilled to unveil a bold, new visual expression of our brand in September. Our Heart aircraft livery, airport experience, and logo marries our past to our present and commemorates the transformation of Southwest in 2014. It is dedicated with much gratitude to our People.
“We are also thrilled with the July 1, 2014, launch of Southwest international service. During third quarter, we began service to Oranjestad, Aruba; Montego Bay, Jamaica; Nassau/Paradise Island in the Bahamas; and San Jose del Cabo/Los Cabos and Cancun, Mexico, all markets previously served by AirTran Airways. Next month, we will initiate Southwest service to Punta Cana, Dominican Republic, and Mexico City, which will complete the conversion of international service from AirTran to Southwest. Also during third quarter, we announced that our first destination in Central America will be Juan Santamaria International Airport in San Jose, Costa Rica. The inauguration of this service is expected to be on March 7, 2015, subject to government approval.
“October 13, 2014, was a momentous day for Southwest Airlines. After 34 years, we are finally free from the Wright Amendment restrictions4, and have proudly launched our initial nonstop offerings from Dallas Love Field to seven popular destinations, with ten more nonstop destinations, previously announced, on the horizon.
“In addition to our strong third quarter 2014 earnings performance, our balance sheet, liquidity, and cash flows support our commitment to maintain our financial strength so that we can continue to take great care of our Employees, Customers and Shareholders. At the end of third quarter 2014, we had $3.6 billion in cash and short-term investments. For the nine months ended September 30, 2014, net cash provided by operations was $2.7 billion, and capital expenditures were $1.3 billion, resulting in strong free cash flow1 of $1.4 billion. We have further strengthened our balance sheet and repaid $517 million in debt and capital lease obligations, thus far in 2014, including $167 million in debt and capital lease obligations repaid during the nine months ended September 30, 2014, and $350 million repaid on October 1st. Thus far this year, we have returned $893 million to Shareholders through the payment of $138 million in dividends and the repurchase of $755 million in common stock.”
Financial Results and Outlook
The Company’s third quarter 2014 total operating revenues increased 5.6 percent, while operating unit revenues increased 4.5 percent, on a 1.1 percent increase in available seat miles, all as compared to third quarter 2013. Third quarter 2014 passenger revenues were $4.6 billion, which was an increase of 4.9 percent on a unit basis, as compared to third quarter 2013.
Total operating expenses in third quarter 2014 increased 0.7 percent to $4.2 billion, as compared to third quarter 2013. Third quarter 2014 profitsharing expense was $100 million, compared to $69 million in third quarter 2013. The Company incurred costs (before profitsharing and taxes) associated with the acquisition and integration of AirTran, which are special items, of $23 million during third quarter 2014, compared to $28 million in third quarter 2013. Cumulative costs associated with the acquisition and integration of AirTran, as of September 30, 2014, totaled $488 million (before profitsharing and taxes). The Company expects total acquisition and integration costs to be approximately $550 million (before profitsharing and taxes). Excluding special items in both periods, total operating expenses in third quarter 2014 increased 1.1 percent to $4.2 billion, as compared to third quarter 2013.
Third quarter 2014 economic fuel costs were $2.94 per gallon, including $.05 per gallon in favorable cash settlements from fuel derivative contracts, compared to $3.06 per gallon in third quarter 2013, including $.01 per gallon in favorable cash settlements from fuel derivative contracts. Based on the Company’s fuel derivative contracts and market prices as of October 17, 2014, fourth quarter 2014 economic fuel costs are expected to be in the $2.70 to $2.75 per gallon range, compared to fourth quarter 2013’s $3.05 per gallon. As of October 17, 2014, the fair market value of the Company’s hedge portfolio through 2018 was a net liability of $236 million. Additional information regarding the Company’s fuel derivative contracts is included in the accompanying tables.
Excluding fuel and oil expense, profitsharing, and special items in both periods, third quarter 2014 operating costs increased 2.6 percent from third quarter 2013, and increased 1.5 percent on a unit basis.
Operating income in third quarter 2014 was $614 million, compared to $390 million in third quarter 2013. Excluding special items, operating income was $649 million in third quarter 2014, compared to $439 million in the same period last year, a 47.8 percent increase year-over-year.
Other expenses in third quarter 2014 were $89 million, compared to other income of $29 million in third quarter 2013. The $118 million swing primarily resulted from $66 million in other losses recognized in third quarter 2014, compared to $59 million in other gains recognized in third quarter 2013. In both periods, these gains/losses included ineffectiveness and unrealized mark-to-market amounts associated with a portion of the Company’s fuel hedging portfolio, which are special items. Excluding these special items, third quarter 2014 had $16 million in other losses, compared to $19 million in third quarter 2013, primarily attributable to the premium costs associated with the Company’s fuel derivative contracts. Fourth quarter 2014 premium costs related to fuel derivative contracts are currently estimated to be $13 million, compared to $22 million in fourth quarter 2013. Net interest expense in third quarter 2014 was $23 million, compared to $30 million in third quarter 2013.
For the nine months ended September 30, 2014, total operating revenues increased 5.3 percent to $14.0 billion, and total operating expenses were $12.4 billion, resulting in operating income of $1.6 billion, compared to $893 million in operating income for the same period last year. Excluding special items, operating income was $1.7 billion for the nine months ended September 30, 2014, compared to $1.0 billion for the same period last year. Net income for the nine months ended September 30, 2014, was $946 million, or $1.36 per diluted share, compared to $542 million, or $.75 per diluted share, for the same period last year. Excluding special items, net income for the nine months ended September 30, 2014, was $993 million, or $1.42 per diluted share, compared to $569 million, or $.79 per diluted share, for the same period last year.
Balance Sheet and Cash Flows
As of September 30, 2014, the Company had $3.6 billion in cash and short-term investments, and a fully available unsecured revolving credit line of $1 billion. Net cash provided by operations during third quarter 2014 was $240 million, and capital expenditures were $433 million. The Company repaid $48 million in debt and capital lease obligations during third quarter 2014, and intends to repay an additional $395 million in debt and capital lease obligations during fourth quarter 2014, including $350 million repaid on October 1, 2014.
During third quarter 2014, the Company returned $241 million to its Shareholders through the payment of $41 million in dividends and the repurchase of $200 million in common stock, or 5.0 million shares, pursuant to an accelerated share repurchase (ASR) program executed during the quarter. This ASR program was completed in early October, and the Company then received an additional 1.1 million shares, bringing the total shares repurchased under the third quarter 2014 ASR program to 6.1 million. During third quarter, the Company also received the remaining 1.4 million shares pursuant to the second quarter 2014 $200 million ASR program, bringing the total shares repurchased under that ASR program to 7.4 million. Thus far in 2014, the Company has returned $893 million to its Shareholders through $138 million in dividends, and the repurchase of $755 million in common stock, or 29.2 million shares. The Company has $580 million remaining under its existing $1 billion share repurchase authorization.
During third quarter 2014, the Company’s fleet increased by two to 685 aircraft at period end. This reflects the third quarter 2014 delivery of 11 new Boeing 737-800s and two pre-owned Boeing 737-700s, as well as the retirement of one Boeing 737-500. In addition, the Company removed ten Boeing 717-200s from service during third quarter 2014 in preparation for transition out of the fleet.
Boeing 737 Delivery Schedule:
Copyright Photo: Eddie Maloney/AirlinersGallery.com. Boeing 737-7H4 N909WN (msn 32458) arrives at Las Vegas.
Filed under: AirTran Airways, Southwest Airlines Tagged: 32458, 737, 737-700, 737-7H4, AirTran, AirTran Airways, Boeing, Boeing 737, Boeing 737-700, LAS, Las Vegas, N909WN, Southwest, Southwest Airlines
Thu, 23 Oct 2014 13:24:54 +0000American Airlines Group reports a record third quarter net profit of $1.2 billion
Third quarter 2014 net profit, excluding net special charges, was a record $1.2 billion, up 59 percent versus the third quarter 2013
Third quarter 2014 GAAP net profit was $942 million, a record for any quarter in the history of American Airlines
Returned $185 million to shareholders through the payment of $72 million in quarterly dividends and the repurchase of $113 million of common stock through the Company’s stock repurchase program
Declared a dividend of $0.10 per share to be paid on November 17, 2014 to shareholders of record as of November 3, 2014
For the third quarter 2014, American Airlines Group reported a record GAAP net profit of $942 million. This compares to a GAAP net profit of $289 million in the third quarter 2013 for AMR Corporation prior to the merger.
The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding special charges and on a combined basis, which is a non-GAAP formulation that combines the results for AMR Corporation and US Airways Group. On this basis, third quarter 2014 net profit excluding net special charges was a record $1.2 billion, or $1.66 per diluted share. This represents a 59 percent improvement over the combined non-GAAP net profit of $771 million excluding net special charges for the same period in 2013. The Company’s third quarter 2014 pretax margin excluding net special charges was 11 percent. See the accompanying notes in the Financial Tables section of this press release for further explanation of this presentation, including a reconciliation of GAAP to non-GAAP financial information.
“We are very pleased to have reported a record profit for each quarter so far in 2014,” said Chairman and CEO Doug Parker. “We anticipate we will also post a record profit for both the fourth quarter and full year 2014. This performance reflects the strength of our merger and the commitment of our team. Our over 100,000 team members are doing an excellent job of integrating our airlines and providing outstanding service to our customers. While some of the biggest tasks in our integration still lie before us, the significant accomplishments to date reinforce our confidence that we are well on our way to restoring American as the world’s greatest airline. Thanks to our team, American is in excellent position for success in 2015 and beyond.”
Revenue and Cost Comparisons
Total revenues in the third quarter were a record $11.1 billion, an increase of 4.4 percent versus the third quarter 2013 on a combined basis, on a 2.0 percent increase in total available seat miles (ASMs). Consolidated passenger revenue per ASM (PRASM) was a record at 14.12 cents, up 1.0 percent versus the third quarter 2013 on a combined basis, driven by a record yield of 16.93 cents, up 2.6 percent year-over-year.
Total operating expenses in the third quarter were $9.9 billion, an increase of 3.5 percent over combined third quarter 2013. Third quarter mainline cost per available seat mile (CASM) was 13.28 cents, up 1.3 percent on a 2.1 percent increase in mainline ASMs versus combined third quarter 2013. Excluding special charges and fuel, mainline CASM was up 0.7 percent compared to the combined third quarter 2013, at 8.35 cents. Regional CASM excluding special charges and fuel was 15.52 cents, up 3.7 percent on a 1.0 percent increase in regional ASMs versus combined third quarter 2013.
Liquidity and Financing Transactions
At September 30, 2014, American had approximately $8.8 billion in total cash and short-term investments, of which $875 million was restricted. The Company also had an undrawn revolving credit facility of $1.0 billion.
During the third quarter, the Company Issued $957 million principal amount of 2014-1 Enhanced Equipment Trust Certificates (EETC) at a blended interest rate of 3.8 percent and issued $750 million principal amount of 5.5 percent senior unsecured notes due in 2019.
Also in the third quarter, the Company returned $185 million to its shareholders through the payment of $72 million in quarterly dividends and the repurchase of $113 million of common stock, or 2.9 million shares. The Company also purchased approximately 432,000 shares from its Disputed Claims Reserve at the prevailing market price to satisfy certain tax obligations resulting from the July 1, 2014, distribution.
As of September 30, 2014, $721 million of the Company’s unrestricted cash balance was held in Venezuelan bolivars, valued at the weighted average applicable exchange rate of 6.41 bolivars to the dollar. The Company’s cash balance held in Venezuelan bolivars decreased $70 million from the June 30, 2014, balance of $791 million, due primarily to $48 million in repatriations in the third quarter of 2014 ($31 million valued at 6.3 bolivars to the dollar and $17 million valued at 10.6 bolivars to the dollar). This balance also reflects the Company’s significant reduction in capacity in this market, pending further repatriation of funds and due to a decrease in demand for air travel resulting from the effective devaluation of the bolivar. The Company continues to work with Venezuelan authorities regarding the timing and exchange rate applicable to the repatriation of funds held in local currency. The Company is monitoring this situation closely and continues to evaluate its holdings of Venezuelan bolivars for potential impairment.
In early October, the Company arranged a new credit facility consisting of a fully-drawn $750 million term loan that matures in October 2021 and an undrawn $400 million revolving credit facility that matures in October 2019. Collateral for the new credit facility consists of certain slots, gates and route authorities. Also in early October, the Company increased its existing $1 billion revolving credit facility by $400 million and extended its maturity date from June 2018 to October 2019. As a result of these transactions, the Company’s undrawn revolving credit facility is now $1.8 billion.
On October 22, the Company’s Board of Directors declared a dividend of $0.10 per share for shareholders of record as of November 3, 2014. The dividend will be paid on November 17, 2014.
Merger Integration Developments
Reached a tentative agreement with the Association of Professional Flight Attendants on a joint collective bargaining agreement covering more than 24,000 flight attendants at American and US Airways. This agreement is pending ratification by the flight attendants
Recalibrated the schedule at our Miami hub to increase the number of available connections and optimize revenue
Combined operations at 82 airports since the merger, including the Company’s hub at Chicago O’Hare
Broke ground on our new state of the art Robert W. Baker Integrated Operations Center in Fort Worth, with completion planned for the third quarter of 2015
American flight attendants began exclusively using an electronic flight attendant manual on a handheld tablet, making the documents easier to access for flight attendants and reducing weight on each aircraft. US Airways flight attendants will begin using eManuals after the two carriers achieve a single operating certificate next year
Rebranded nine Admirals Club® lounges at eight airports, including Ronald Reagan Washington National Airport, Boston Logan Airport, Pittsburgh International Airport, and Tampa International Airport
Fleet and Network Developments
As part of its plan to modernize its fleet, the Company took delivery of 22 new mainline aircraft during the third quarter
US Airways became fully integrated in the trans-Atlantic joint business by launching a codeshare agreement with Finnair, providing customers increased access to Helsinki and beyond
Applied for new international service between Dallas/Fort Worth and Beijing. This will be the Company’s 11th route between the U.S. and Asia
In the third quarter, the Company recognized a total of $281 million in net special charges, including:
$223 million net special operating charges, which principally included $168 million of mainline and regional merger integration expenses and an $81 million charge to revise prior estimates of certain aircraft residual values. These charges were offset, in part, by a net $40 million credit for bankruptcy related items consisting of fair value adjustments for bankruptcy settlement obligations
$50 million of nonoperating items, primarily due to early debt extinguishment costs related to American’s 7.5 percent senior secured notes and other debt
$8 million in non-cash deferred income tax provision related to certain indefinite-lived intangible assets
Copyright Photo: Jay Selman/AirlinersGallery.com. US Airways is now repainting its fleet, including the older Boeing 757-200s. Boeing 757-23N N203UW (msn 30548) taxies at the Charlotte hub.
Filed under: American Airlines, American Airlines Group, US Airways Tagged: 30548, 757, 757-200, 757-23N, American Airlines, American Airlines Group, Boeing, Boeing 757, Boeing 757-200, Charlotte, CLT, GAAP net profit, N203UW, net profit, US Airways, US Airways Group
Thu, 23 Oct 2014 13:07:58 +0000JetBlue Airways Corporation reports a third quarter net profit of $79 million
JetBlue Airways Corporation (JetBlue Airways) (New York) today reported its results for the third quarter 2014:
Operating income of $164 million in the third quarter. This compares to operating income of $152 million in the third quarter of 2013.
Pre-tax income of $132 million in the third quarter. This compares to pre-tax income of $119 million in the third quarter of 2013.
Net income for the third quarter was $79 million, or $0.24 per diluted share. This compares to JetBlue’s third quarter 2013 net income of $71 million, or $0.21 per diluted share.
“Today, we are pleased to report record third quarter earnings,” said Dave Barger, JetBlue’s Chief Executive Officer. “We saw improved profitability across our network, reflecting the success of our efforts to differentiate our product and culture and maintain competitive costs. I would like to thank our 15,500 crewmembers for their dedication to running a safe airline and delivering outstanding service to our customers.”
JetBlue reported record third quarter operating revenues of $1.5 billion. Revenue passenger miles for the third quarter increased 5.9% to 10.1 billion on a capacity increase of 4.5%, resulting in a third quarter load factor of 86.2%, an increase of 1.2 points year over year.
Yield per passenger mile in the third quarter was 13.96 cents, up 0.9% compared to the third quarter of 2013. Passenger revenue per available seat mile (PRASM) for the third quarter 2014 increased 2.4% year over year to 12.03 cents and operating revenue per available seat mile (RASM) increased 1.4% year over year to 13.00 cents.
Operating expenses for the quarter increased 5.7%, or $75 million, over the prior year period. Interest expense for the quarter declined 7.8%, or $3 million, due to JetBlue’s focus on debt reduction. JetBlue’s operating expense per available seat mile (CASM) for the third quarter increased 1.2% year over year to 11.61 cents. Excluding fuel and profit sharing, CASM(1) increased 2.6% to 7.13 cents.
Fuel Expense and Hedging
JetBlue continued to hedge fuel to manage price volatility. Specifically, in the third quarter JetBlue had in place hedges for approximately 23% of its fuel consumption and managed approximately 7% of its fuel consumption using fixed forward price agreements (FFPs). This resulted in a realized fuel price of $3.05 per gallon, a 2.7% decrease over third quarter 2013 realized fuel price of $3.14. JetBlue recorded $1 million in losses on fuel hedges that settled during the third quarter.
JetBlue has managed approximately 34% of its fourth quarter projected fuel requirements using a combination of FFPs, jet fuel swaps and caps. Based on the fuel curve as of October 16th, JetBlue expects an average price per gallon of fuel, including the impact of hedges, FFPs and fuel taxes, of $2.80 in the fourth quarter.
Liquidity and Cash Flow
JetBlue ended the quarter with approximately $742 million in unrestricted cash and short term investments. In addition, JetBlue maintains $550 million in lines of credit.
During the third quarter, JetBlue repaid approximately $61 million in regularly scheduled debt and capital lease obligations. JetBlue plans to repay approximately $128 million in regularly scheduled debt and capital lease obligations in the remainder of 2014.
Fourth Quarter and Full Year Outlook
For the fourth quarter of 2014, CASM is expected to decrease between (3.0)% and (1.0)% versus the year-ago period. Excluding fuel and profit sharing, CASM in the fourth quarter is expected to increase between 1.0% and 3.0% year over year.
CASM for the full year is expected to increase between 0.5% and 2.5% over full year 2013. Excluding fuel and profit sharing, CASM in 2014 is expected to increase between 2.5% and 4.5% year over year.
Capacity is expected to increase between 5.0% and 7.0% in the fourth quarter. For the full year, capacity is expected to increase between 4.0% and 6.0%.
Copyright Photo: Jay Selman/AirlinersGallery.com. Airbus A320-232 N821JB (msn 5417) with Sharklets arrives at the John F. Kennedy International Airport base in New York.
Filed under: JetBlue Airways Tagged: 5417, A320, A320-200, A320-232, Airbus, Airbus A320, Airbus A320-200, JetBlue, JetBlue Airways, JFK, N821JB, New York
Thu, 23 Oct 2014 12:40:19 +0000Alaska Air Group reports a third quarter GAAP net profit of $198 million
Alaska Air Group, Inc., (Alaska Airlines and Horizon Air) (Seattle/Tacoma) today reported third quarter 2014 GAAP net income of $198 million, or $1.45 per diluted share, compared to $289 million, or $2.04 per diluted share in the third quarter of 2013. Excluding the impact of mark-to-market fuel hedge adjustments and a one-time special revenue item in the prior year, the company reported record adjusted net income of $200 million, or $1.47 per diluted share, compared to adjusted net income of $157 million, or $1.11 per diluted share, in 2013.
“This was our best quarterly result ever” said CEO Brad Tilden. “I want to thank our 13,000 employees who are keeping a focus on playing our game, and working hard every day to run a great operation, keep fares low, and deliver award winning service to our customers. All of us at Alaska would like to thank our customers for their continued loyalty.”
Reported record third quarter net income, excluding special items, of $200 million – a 27% increase over the third quarter of 2013.
Reported adjusted earnings per share of $1.47 per diluted share, a 32% increase over the third quarter of 2013 and ahead of First Call analyst consensus estimate of $1.42 per share.
Earned net income for the third quarter under Generally Accepted Accounting Principles (GAAP) of $198 million or $1.45 per diluted share, compared to net income of $289 million, or $2.04 per diluted share in 2013.
Recorded $84 million of incentive pay through the first nine months of 2014. This includes each Air Group employee earning at least $800 by meeting or exceeding monthly customer satisfaction and operational performance goals and tracking to earn above-target payouts for full-year goals.
Increased fuel efficiency (as measured by seat-miles per gallon) by 2.8% as part of our effort to be the airline leader in environmental stewardship.
Grew passenger revenues by 7%, compared to the third quarter of 2013.
Generated record adjusted pretax margin in the third quarter of 21.8% compared to 18.4% in 2013.
Generated 15.9% pretax margin for the trailing 12-month period ended Sept. 30, 2014, compared to 11.7% for the same period in the prior year.
Achieved trailing 12-month after-tax return on invested capital of 17.2% compared to 13.0% in the 12-month period ended Sept. 30, 2013.
Repurchased 3.4 million shares of common stock for $159 million in the third quarter of 2014, and 5.3 million shares for $242 million in the first nine months of 2014, representing 3.8% of the total shares outstanding at the beginning of the year.
Paid a $0.125 per-share quarterly cash dividend on September 4, bringing total dividend payments so far this year to $51 million.
Generated $1 billion in operating cash flows for the 12-months ended Sept. 30, 2014, generating $321 million of free cash flows.
Lowered adjusted debt-to-total-capitalization ratio to 31%.
Held $1.3 billion in unrestricted cash and marketable securities as of Sept. 30, 2014.
Became one of only two U.S. airlines with investment grade credit ratings.
Copyright Photo: Ken Petersen/AirlinersGallery.com. Boeing 737-890 N579AS (msn 35187) arrives in Las Vegas.
Filed under: Alaska Air Group, Alaska Airlines, Alaska Horizon, Horizon Air Tagged: 35187, 737, 737-800, 737-890, Alaska Air Group, Alaska Airlines, Alaska Horizon, Boeing, Boeing 737, Boeing 737-800, Horizon Air, Inc., LAS, Las Vegas, N579AS
Thu, 23 Oct 2014 12:02:33 +0000New safety video: Watch Air New Zealand’s “Most Epic Safety Video Ever Made”
Air New Zealand (Auckland) has unveiled its latest safety video, possibly the best ever:
As the official airline of Middle-earth, Air New Zealand has gone all out to celebrate the third and final film in The Hobbit Trilogy – The Hobbit: The Battle of the Five Armies. Starring Elijah Wood and Sir Peter Jackson; we’re thrilled to unveil The Most Epic Safety Video Ever Made.
Congratulations once again Air New Zealand for keeping flying interesting and unique. Well done!
Filed under: Air New Zealand Tagged: Air New Zealand, Elijah Wood, safety video, Sir Peter Jackson
Thu, 23 Oct 2014 11:36:52 +0000Southwest Airlines and the IAM reach a tentative agreement
Southwest Airlines (Dallas) and the International Association of Machinists and Aerospace Workers (IAM), representing the carrier’s approximately 6,000 Customer Service Agents and Customer Support and Services Representatives, announced today the two parties have reached a tentative agreement. The tentative agreement is for a new four year contract and requires Membership ratification. The current contract became amendable in October 2012.
In the upcoming weeks, the IAM membership will be given the full details of the agreement and have the opportunity to vote on ratification.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Southwest’s Boeing 737-7H4 N708SW (msn 27842) in the new “Heart” livery arrives at Los Angeles International Airport (LAX).
Filed under: Southwest Airlines Tagged: 27842, 737, 737-700, 737-7H4, Boeing, Boeing 737, Boeing 737-700, Customer Service Agents, IAM, LAX, Los Angeles, N708SW, Southwest Airlines, tentative agreement
Thu, 23 Oct 2014 11:05:06 +0000Aeroflot extends its collective bargaining agreements with it employees
Aeroflot Russian Airlines (Moscow) has extended its collective bargaining agreement with its employees through 2017. The company issued this statement:
Aeroflot management and airline employee trade unions have successfully concluded negotiations that extend the collective bargaining agreement currently in place for the period 2014 through 2017. The collective agreement calls for a wide range of benefits for employees, irrespective of union membership.
Despite the challenging economic environment in Russia, the parties determined it was essential to keep in place all benefits, subsidies and guarantees included in the prevailing collective agreement. The trade unions have maintained the crucial role they have long held in facilitating labor relations. The agreement was signed by the United Representative Body of Aeroflot employees.
The collective agreement will remain in force through December 1, 2017. The range of benefits laid out under the collective agreement is unprecedented in the airline industry. To date the expenses incurred by Aeroflot to maintain these benefits exceeds 3 billion rubles a year.
Employees receive attractive and high salaries that are regularly re-indexed, and in addition receive additional payments (paid annual leave, awards upon retirement, paid public holidays, etc.).
The collective agreement calls for the following benefits:
Adding up to 14 days of holiday time (increasing total annual paid leave to 42 days);
Medical care (treatment at Aeroflot’s own Medical Centre, payment for treatment at other medical facilities, subsidised prescriptions);
Expense-paid holidays in sanatoriums (in 2014 employees enjoyed holidays and sanatorium treatments in Russia and abroad: Crimea, the Mineralnie Vody region of the Caucasus, the southern coast of the Baltic Sea, the Krasnodar region, Slovakia, Israel, the UAE and Turkey;
Non-state pension fund payments;
Subsidised air tickets for employees and their families;
Reimbursement of children’s pre-school expenses;
A number of key benefits continue for employees after they have retired from the Company.
Aeroflot has always valued healthy lifestyles for employees, and for that reason leases exercise facilities on their behalf.
Approximately 70% of the cost of employee benefits are allocated to on-board personnel, the airline’s most valued group of employees. In addition to high salaries in line with those at the leading international airlines, pilots receive:
The most holidays in the industry, 70 days off (whereas European carriers typically give pilots 28 days);
Comfortable accommodations when spending the night away from the pilot’s home airport;
Minimum three-star hotel accommodation;
Expense-paid holidays in sanatoriums (in addition to the standard company options, a special program is available to pilots and their families in the Czech Republic);
Per-diem based on average salaried day for days spent on routine medical check-ups;
In the event a pilot leaves the Company due to physical inability to carry out his duties, a one-time payment is made equivalent to 20%-100% of his annual salary;
Injury compensation of USD 5,000-10,000 in the event of health problems;
Non-state pension fund payments (through a dedicated pension plan, “Golden Anchor”)
Subsidised airline tickets, including on high-demand routes, for pilots and their family members.
The current JSC Aeroflot collective agreement was first signed in 2005. The agreement was the result of extensive collective bargaining with JSC Aeroflot by the leading airline employee union, First Trade-union Organisation, of which more than half of all Aeroflot employees are members. The collective agreement was renewed twice, in 2008 and 2011, without modifying the benefits received by employees.
JSC Aeroflot employs approximately 18,000 people in Russia and abroad and is the leading employer in the Russian aviation industry.
In other news, Aeroflot on October 26 Aeroflot is relaunching Moscow — Tbilisi and Moscow — Chisinau service.
Aeroflot will provide daily flights to the capital of Georgia on Airbus A320s from Sheremetyevo Airport Terminal D.
Daily flights to Chisinau will be operated on Airbus A320s from Sheremetyevo Airport Terminal D.
Copyright Photo: SPA/AirlinersGallery.com. Airbus A320-214 VP-BRX (msn 3063) departs from London’s Heathrow Airport.
Filed under: Aeroflot Russian Airlines Tagged: 3063, A320, A320-200, A320-214, Aeroflot, Aeroflot Russian Airlines, Airbus, Airbus A320, Airbus A320-200, collective agreement, collective bargaining agreement, Heathrow, LHR, London, VP-BRX
Thu, 23 Oct 2014 10:23:43 +0000Finnair to introduce a new Marimekko special color scheme on an Airbus A330
Finnair (Helsinki) has announced a new Airbus A330 Marimekko special livery with this announcement:
The design collaboration between Marimekko and Finnair takes a new step as a Finnair Airbus A330 will soon feature a previously unseen blue colorway of Marimekko’s classic Unikko (“poppy”) print. The plane will fly from Finnair’s Helsinki hub to the airline’s long-haul destinations starting from the end of 2014, joining a sister Airbus A340 aircraft (OH-LQD) painted in a different Unikko colorway in 2012 (below).
Above Copyright Photo:TMK Photography/AirlinersGallery.com.
“During this year we have been celebrating the fifty years of our most iconic pattern Unikko all over the world, reminding people of its story of courage and faith in oneself. We are very excited to continue the celebrations and our design partnership together with Finnair with the new Anniversary Unikko that will fly on the sides of Finnair’s Airbus 330, delighting people around the world,” says Tiina Alahuhta-Kasko, Marimekko’s COO. “For the celebration and as a continuation of our wonderful partnership with Finnair, Unikko also now has been given a special blue colorway, inspired by Finland’s thousands of lakes and beautiful, clean nature.”
“We are excited to build on and extend our partnership with Marimekko, a great Finnish company that has long shared our values and vision,” says Finnair CEO Pekka Vauramo. “Our two aircraft wearing the beloved Unikko livery are flying ambassadors of Finnish know-how, positivity and creativity. They make a proud statement as they soar toward the great cities of Asia, where both companies see a bright future.”
The design collaboration between Marimekko and Finnair began in 2012 and Marimekko for Finnair textiles and tableware were brought to all of the Finnish airline’s aircraft in 2013 (above). The collection was designed according to the airline’s needs by Marimekko designer Sami Ruotsalainen, in original Marimekko patterns by Maija Isola. The blue, green and grey colours and the classic prints used in the collection tell the story of Finnish nature and recall the perspective of looking out from an aircraft window, flying high above the landscape.
Unikko (“poppy”), is one of Marimekko’s most beloved classic patterns. The pattern was created in 1964 as a protest against Marimekko´s founder Armi Ratia, who had announced that Marimekko would not print any floral patterns, because flowers were more beautiful in nature than on fabric. Designer Maija Isola refused to obey Armi and created an entire series of floral prints. One of them was Unikko, which rapidly became a firm favorite and has stayed in production for already fifty years. To celebrate this five-decade milestone and the design collaboration between Marimekko and Finnair, a special anniversary version of the iconic pattern in a new, custom colorway will feature on a Finnair Airbus A330.
Image and photo: Finnair.
Filed under: Finnair Tagged: A330. Marimekko, Airbus, Airbus A330, Finnair, Unikko, Unikko floral print
Wed, 22 Oct 2014 16:39:12 +0000Lufthansa Group details its winter schedules changes with 18,900 flights a week
Lufthansa Group (Frankfurt) has announced the details of its combined schedules for the winter season:
The airlines in the Lufthansa Group – Austrian Airlines, Brussels Airlines, Germanwings, Lufthansa and Swiss International Air Lines – are again offering their customers a dense and high-frequency route network in the upcoming 2014/2015 winter flight timetable, with 18,900 flights a week. This winter, the Lufthansa Group airlines will be linking 260 destinations in 100 countries on four continents via its hubs in Frankfurt, Munich, Zurich, Vienna and Brussels, but also with many point-to-point connections. Around 20,500 weekly code-share flights with other partner airlines extend the carriers’ respective programmes and enable single-source bookings. The winter flight timetables for the individual Group airlines apply from Sunday, October 26, 2014 to Saturday, March 28, 2015. Thanks to the use of larger aircraft, the Group’s capacity in available seat-kilometers is increasing by 2.9 percent compared with the same period last year. At the same time, the number of flights in the period of the timetable is going down by 2.9 percent. On average, therefore, a Lufthansa Group aircraft is taking off somewhere around the world every 32 seconds. The individual route networks of the Group airlines are increasingly converging with one another. Almost all destinations are connected via a Lufthansa Group hub. End-to-end fares enable passengers to book multiple journeys with convenient and punctual connecting flights. 49 per cent of the nearly 105 million passengers a year now book a transfer connection via a Lufthansa hub. 19 European airports are even served by all five airlines in the Lufthansa Group.
Key news from the five Lufthansa Group airlines:
This winter, Lufthansa is extending its route network to attractive new holiday destinations in warmer regions. After a break of over 15 years, Lufthansa is resuming flights to Las Palmas in the Canary Islands this winter. From October 26, the new connection will take off from Munich to Gran Canaria every Sunday, and every Saturday during school holidays too. Also new in the winter months are flights from Munich to Split (Croatia) and Valencia (Spain). As of October 2, Lufthansa also flies from Frankfurt to the Moroccan city of Marrakesh. This cultural city is situated at the foot of the Atlas Mountains in the Moroccan interior and can be reached in just under four hours with an Airbus A320 every Thursday and Sunday. A further addition to the flight plan from Munich is Miami in Florida, the US sunshine state, which will now have a daily nonstop connection. Delhi, the Indian capital, will also get a daily service from Frankfurt with the Airbus A380. The Frankfurt-Luanda connection to the capital of Angola will be strengthened by a third weekly flight. Starting on 15 December, Lufthansa and Deutsche Bahn will extend their joint AiRail product of fast ICE train connections to Frankfurt Airport from Karlsruhe and Kassel.
In the winter flight timetable 2014/2015, Swiss is adapting its flight plans to winter demand. As well as seasonal reductions of some flights, Swiss is increasing its capacity to popular holiday destinations. The long-haul route between Zurich and Miami is to receive four extra Swiss flights a week, taking the total to fourteen weekly connections. Services to São Paolo, the biggest city in Brazil, will also be increased by three flights a week this winter, taking the total to ten weekly connections. The flight timetable will also include a daily connection to Los Angeles again. In Geneva, Swiss is continuing many destinations from its summer flight timetable throughout the winter, including Copenhagen, Rome, Lisbon and Pristina.
In its 2014/2015 winter flight schedule, Austrian Airlines is again offering its passengers a wide range of up to 100 destinations in 56 countries around the world. Following the successful introduction of Newark (USA) last July, Austrian Airlines will increase its weekly capacity from five flights to six flights a week as of April 2015, and to one flight a day from June. From June 2015, Austrian will therefore be flying daily to all its North American destinations. As a result of high demand in transit traffic, Austrian Airlines is also increasing the frequency of its flights to and from Chişinău from seven a week to a maximum of ten a week in the future.
Belgium’s largest airline is adding a new European destination to its winter flight timetable and improving many connections by adding additional flights: Riga, the capital of Latvia, will be served six times a week from Brussels as of October 26. Riga is one of the most important cultural and economic centres in the Baltic region and is hosting the EU presidency in the first half of 2015. Brussels Airlines is boosting its capacity with additional flights from Brussels to: Tel Aviv, Madrid, Marrakesh, Budapest, Geneva, Vilnius, Hanover and Bologna. Connections are also being improved to the African destinations of Douala, Yaoundé, Nairobi, Kigali, Bujumbura and Luanda.
In its winter flight timetable, Germanwings is offering a total of 84 destinations from Berlin-Tegel, Dortmund, Düsseldorf, Hamburg, Cologne/Bonn and Stuttgart. Additional capacity will still focus on Düsseldorf, where Germanwings is taking over more routes from Lufthansa. There are new high-frequency connections from the Rhineland metropolis to Berlin (57 flights a week), London-Heathrow (33 flights a week) and Zurich (24 flights a week). Also new from Düsseldorf are flights to Málaga (two flights a week), Naples (three flights a week), Nice (two flights a week), Moscow (seven flights a week) and Rome (five flights a week). The transfer of Lufthansa routes to Germanwings will be completed on January 8, 2015 with Düsseldorf – Zurich. Germanwings is also introducing a completely new route, Düsseldorf – Istanbul, with two weekly flights. Its programme in the German capital is also being extended with the takeover of two Lufthansa flights a week between Berlin-Tegel and Tel Aviv. With one flight a week, the German airline is also launching a new connection from Cologne/Bonn to the Cypriot port of Larnaca.
Copyright Photo: Ton Jochems/AirlinersGallery.com. Lower cost Germanwings is taking most of the Dusseldorf routes from Lufthansa. Airbus A320-211 D-AIQH (msn 217) taxies at Antalya.
Filed under: Austrian Airlines, Brussels Airlines, Germanwings (2nd), Lufthansa, Lufthansa Group, Swiss International Air Lines Tagged: 217, A320, A320-200, A320-211, Airbus, Airbus A320, Airbus A320-200, Antalya, Austrian Airlines, AYT, Brussels Airlines, D-AIQH, Germanwings, Germanwings (2nd), Lufthansa, Lufthansa Group, Swiss International Air Lines
Wed, 22 Oct 2014 15:29:10 +0000FedEx is forecasting another record holiday season with an 8.8% increase and December 15 as the busiest day
FedEx Corporation (FedEx Express) (Memphis) is forecasting another record holiday. The company expects to move more than 290 million shipments between Black Friday and Christmas Eve, an 8.8 percent increase in overall year-over-year Peak seasonal volume.
The season is expected to be bolstered by three volume spikes throughout December, occurring the first three Mondays of the month and each expected to surpass 20 million in volume.
December 15 is projected to be the busiest day in company history, with a forecasted 22.6 million shipments moving around the world. Peak projections are included in FedEx earnings guidance for FY15.
Copyright Photo: Ken Petersen/AirlinersGallery.com. An upgraded McDonnell Douglas MD-10-30F (DC-10-30F) registered as N321FE (msn 47836) arrives in Las Vegas.
Filed under: FedEx Corporation, FedEx Express Tagged: 47836, DC-10, DC-10-30, DC-10-30F, FedEx, FedEx Corporation, FedEx Express, LAS, Las Vegas, McDonnell Douglas, McDonnell Douglas DC-10-10, McDonnell Douglas DC-10-30F, McDonnell Douglas MD-10-30F, MD-10, MD-10-30F, N321FE
Wed, 22 Oct 2014 14:44:50 +0000Boeing reports a third quarter net profit of $1.3 billion, up 21%
The Boeing Company (Chicago and Seattle) today reported third quarter revenue increased 7 percent to $23.8 billion on higher deliveries (Table 1). Core earnings per share (non-GAAP) increased 19 percent* to $2.14, driven by strong performance across the company’s businesses. Third-quarter core operating earnings (non-GAAP) increased 13 percent* to $2.4 billion from the same period of the prior year.
GAAP earnings per share was $1.86 and GAAP earnings from operations was $2.1 billion.
Core earnings per share guidance for 2014 increased to between $8.10 and $8.30, from $7.90 to $8.10 on continued strong operating performance. GAAP earnings per share guidance for 2014 increased to between $6.90 and $7.10, from $6.85 to $7.05. Operating cash flow before pension contributions* guidance increased to greater than $7 billion. Commercial Airplanes operating margin guidance increased to approximately 10.5 percent.
Read the full report: CLICK HERE
Filed under: Boeing Tagged: Boeing, earnings per share, the Boeing Company
Wed, 22 Oct 2014 14:35:14 +0000TAME launches its new Quito-Fort Lauderdale/Hollywood flights
TAME Linea Aerea del Ecuador (Quito) launched a new service between Quito, Ecuador and Fort Lauderdale-Hollywood International Airport (FLL) beginning on October 17, 2014.
The new nonstop service to Fort Lauderdale/Hollywood increases the connectivity between Ecuador and key U.S. markets, including Miami and Orlando. With more than 70,000 Ecuadorians living in Florida, TAME’s flight service provides easy and accessible options.
The new route takes only four hours and will be offered daily from Quito at 2:15 a.m. and arriving to Fort Lauderdale/Hollywood at 7:15 a.m. The return flight from Fort Lauderdale/Hollywood departs at 9:00 a.m. and arrives in Quito at 12:00 p.m. An Airbus A320 with a capacity for 162 passengers and an Airbus A319 for up to 140 passengers will be used.
Copyright Photo: Stefano Rota/AirlinersGallery.com. Airbus A320-232 HC-CID (msn 934) departs from Guayaquil.
Filed under: TAME Tagged: 934, A320, A320-200, A320-232, Airbus, Airbus A320, Airbus A320-200, Ecuador, fort lauderdale hollywood international airport, Guayaquil, GYE, HC-CID, Linea Aerea del Ecuador, Quito, TAME
Wed, 22 Oct 2014 13:33:07 +0000American Airlines and Jetstar Japan announce a codeshare agreement
American Airlines (Dallas/Fort Worth) customers will have greater access to domestic Japanese destinations starting on October 22, 2014, thanks to a new codeshare agreement between American and Jetstar Japan (Tokyo-Narita).
Under the new arrangement, American Airlines will place its ‘AA’ code on services operated by Jetstar Japan between Tokyo Narita International Airport and Fukuoka, Matsuyama, Okinawa (Naha), Osaka (Kansai) and Sapporo (Shin Chitose), with first flights under the codeshare starting on October 26, 2014.
Jetstar Japan is a partnership between the QANTAS Group, Japan Airlines, Mitsubishi Corporation and Century Tokyo Leasing Corporation. It operates 18 Airbus A320 aircraft across 10 destinations in Japan.
Top Copyright Photo: SPA/AirlinersGallery.com. American’s Boeing 777-223 ER N776AN (msn 29582) slips into the clouds over the London area after departing from Heathrow Airport.
Bottom Copyright Photo: Michael B. Ing/AirlinersGallery.com. Jetstar Japan’s Airbus A320-232 JA15JJ (msn 5701) arrives at the Tokyo (Narita) base.
Filed under: American Airlines, Jetstar Japan Tagged: 29582, 5701, 777, 777-200, 777-223, A320, A320-200, A320-232, Airbus, Airbus A320, Airbus A320-200, American Airlines, Boeing, Boeing 777, Boeing 777-200, Heathrow, JA15JJ, Jetstar Japan, LHR, London, N776AN, Narita, NRT, Tokyo, tokyo narita international airport
Wed, 22 Oct 2014 13:23:55 +0000Gulf Air to restore service to Shiraz, Iran and Hyderabad, India
Gulf Air (Bahrain) has announced that it will be recommencing flights to Shiraz. Becoming the airline’s 40th destination, the capital of Fars Province in Iran, will be served with 3 weekly flights, starting on December 15, 2014.
Gulf Air is further strengthening and supplementing its Iran operations after the recent resumption of flights to both Mashhad (December 2013) and Tehran (March 2014).
Gulf Air will be operating one of the airline’s Airbus A320 aircraft on this short-haul route.
In other news, Gulf Air has also announced that, following its successful resumption of operations to Thiruvananthapuram last year, it will be recommencing flights to Hyderabad, the fourth most populous city in India, with 5 weekly flights, starting from December 15, 2014.
Copyright Photo: Gulf Air. Airbus A320-214 A9C-AC (msn 4059) taxies to the runway.
Gulf Air Aircraft Slide Show:
Filed under: Gulf Air Tagged: 4059, A320, A320-200, A320-214, A9C-AC, Airbus, Airbus A320, Airbus A320-200, flights to Hyderabad, flights to Shiraz, Gulf Air, Hyderabad, Shiraz, Shiraz Iran
Wed, 22 Oct 2014 12:49:03 +0000Alaska Airlines to launch San Diego-Kona flights on March 5, 2015
Alaska Airlines (Seattle/Tacoma) is bringing more Hawaii to its customers in San Diego with new nonstop flights between San Diego and Kona, on the Big Island of Hawaii. Starting March 5, 2015, the new flights will operate three times weekly.
Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 737-890 N593AS (msn 35107) completes the river approach into Washington’s Reagan National Airport.
Filed under: Alaska Airlines Tagged: 35107, 737, 737-800, 737-890, Alaska Airlines, Boeing, Boeing 737, Boeing 737-800, DCA, Hawaii, Kona, N593AS, Reagan National, San Diego, Washington, Washington's Reagan National Airport
Wed, 22 Oct 2014 12:38:46 +0000Alitalia and Etihad Airways unveil two Airbus A330-200s in an unique Expo Milano 2015 livery
Expo 2015 will be held in Milan from May 1, 2015 to October 31, 2015 with an estimated 20 million visitors expected to attend the event of which more than a third will travel to the northern Italian city by air.
Alitalia and Etihad Airways held joint simultaneous events at Malpensa Airport in Milan and Abu Dhabi Airport to unveil the two Airbus A330-200 aircraft, to audiences gathered in both locations as well as thousands watching online around the world.
The Alitalia A330-200 and the Etihad Airways A330-200, both in the eye-catching special livery, operated their first flights on Tuesday, October 21, between Rome and Abu Dhabi and will carry the Expo Milano 2015 “feeding the planet, energy for life” message worldwide.
Flight frequencies to and from Milan are set to increase during Expo 2015 when Alitalia will commence daily flights to Milan Malpensa from Abu Dhabi and from Shanghai, that will be introduced in the next months, after approval by European authorities, and Alitalia will also increase domestic and international flights. These flights will connect with Etihad Airways’ services throughout the Middle East and with markets in the Indian sub-continent, Southeast Asia, and Africa.
Alitalia and Etihad Airways will link Milan with 560 unique online and codeshare destinations across the globe.
The new Alitalia service to Abu Dhabi will complement Etihad Airways’ successful daily passenger flights and regular freight flights between Milan and Abu Dhabi and contribute to the two airlines’ commitment to develop Malpensa as a global air cargo hub.
In addition to the joint liveried aircraft, Alitalia and Etihad Airways are offering a number of business initiatives including all-inclusive packages and special fares targeted at families, seniors, business travellers and young people for Expo Milano 2015.
The two air carriers are also implementing an integrated marketing and communication plan including onboard and ground announcements for their flights, as well as offers to loyalty program members, print and digital campaigns, and social media activities.
Alitalia and Etihad Airways will have a pavilion throughout Expo 2015 with an interactive social hub that will enable guests to enjoy activities in Milan whether in the city or around the world.
All images by Alitalia and Etihad Airways.
Filed under: Alitalia (2nd), Etihad Airways Tagged: A330, A330-200, Airbus, Airbus A330, Airbus A330-200, alitalia, Alitalia (2nd), Etihad Airways, Expo Milano 2015
Wed, 22 Oct 2014 11:00:09 +0000Boeing and COMAC open a Chinese facility to transform “gutter oil” into aviation biofuel
Boeing (Chicago and Seattle) and Commercial Aircraft Corporation of China (COMAC) today (October 22) opened a demonstration facility that will turn waste cooking oil, commonly referred to as “gutter oil” in China, into sustainable aviation biofuel. The two companies estimate that 500 million gallons (1.8 billion liters) of biofuel could be made annually in China from used cooking oil.
Boeing and COMAC are sponsoring the facility, which is called the China-U.S. Aviation Biofuel Pilot Project. It will use a technology developed by Hangzhou Energy & Engineering Technology Co., Ltd. (HEET) to clean contaminants from waste oils and convert it into jet fuel at a rate of 160 gallons (650 liters) per day. The project’s goal is to assess the technical feasibility and cost of producing higher volumes of biofuel.
Sustainably produced biofuel, which reduces carbon emissions by 50 to 80 percent compared to petroleum through its lifecycle, is expected to play a key role in supporting aviation’s growth while meeting environmental goals. The Boeing Current Market Outlook has forecast that China will require more than 6,000 new airplanes by 2033 to meet fast-growing passenger demand for domestic and international air travel.
Boeing and COMAC have been collaborating since 2012 to support the growth of China’s commercial aviation industry. Their Boeing-COMAC Aviation Energy Conservation and Emissions Reductions Technology Center in Beijing works with Chinese universities and research institutions to expand knowledge in areas that improve aviation’s efficiency, such as aviation biofuel and air traffic management.
Biofuel produced by the China-U.S. Aviation Biofuel Pilot Project will meet international specifications approved in 2011 for jet fuel made from plant oils and animal fats. This type of biofuel has already been used for more than 1,600 commercial flights.
COMAC is also the builder of the new C919 jetliner.
In other news, Boeing yesterday (October 21) celebrated the groundbreaking of its new 777X Composite Wing Center at the Everett, Washington, campus. Permitting for the new 1-million-square-foot facility was completed approximately seven weeks earlier than anticipated, allowing for an accelerated start to construction.
Boeing is investing more than $1 billion in the Everett site for construction and outfitting of the new building.
Once completed, the facility located on the north side of the main final assembly building will help usher in composite wing fabrication for the company’s newest commercial jetliner and sustain thousands of local jobs for decades to come.
Completion of the new building, which is expected in May 2016, will require approximately 3.5 million hours of work. At its peak, there will be approximately 1,200 contract employees working on the project. By the numbers, the new building will require:
31,000 tons (28,000 metric tons) of steel
480 miles (770 kilometers) of electrical cable
80,000 linear feet (24,384 meters ) of process piping
530,000 cubic yards (405,210 cubic meters) of fill material
170,000 tons (154,000 metric tons) of concrete
To date, the 777X has accumulated 300 orders and commitments. Two models will comprise the 777X family – the 777-8X, with approximately 350 seats and a range capability of more than 9,300 nautical miles; and the 777-9X, with approximately 400 seats and a range of more than 8,200 nautical miles. The 777-8X competes directly with the Airbus A350-1000, while the 777-9X is in a class by itself, serving a market segment that no other airplane can. First delivery of the 777X is targeted for 2020.
Filed under: Boeing, COMAC Tagged: Aviation Biofuel Pilot Project, Biofuel, Boeing, COMAC
Wed, 22 Oct 2014 10:43:28 +0000Hawaiian Holdings reports adjusted third quarter net income of $49.5 million
Hawaiian Holdings, Inc. (Honolulu), parent company of Hawaiian Airlines, reported its financial results for the third quarter of 2014.
GAAP net income in the third quarter of $35.6 million or $0.56 per diluted share.
Adjusted net income, reflecting economic fuel expense, in the third quarter of $49.5 million or $0.79 per diluted share, an increase of $12.7 million or $0.10 cents per diluted share year-over-year.
Operating revenue per available seat mile (RASM) increase of 4.6% and passenger revenue per available seat mile (PRASM) increase of 2.2%.
Unrestricted cash, cash equivalents and short-term investments of $582 million.
Announced new service from San Francisco to Maui beginning November 2014.
Operated Los Angeles to Kona, three-times-weekly, and Los Angeles to Lihu’e, four-times-weekly, summer seasonal service through the beginning of September.
Operated Oakland to Kona, three-times-weekly and Oakland to Lihu’e, four-times-weekly, summer seasonal service through the beginning of September.
Operated Los Angeles to Maui second daily summer seasonal service through the beginning of September.
Copyright Photo: Ken Petersen/AirlinersGallery.com. Airbus A330-243 N393HA (msn 1422) arrives in Las Vgeas.
Filed under: Hawaiian Airlines, Hawaiian Holdings Tagged: 1422, A330, A330-200, A330-243, Airbus, Airbus A330, Airbus A330-200, Hawaiian Airlines, Hawaiian Holdings, Inc., LAS, Las Vegas, N393HA
Tue, 21 Oct 2014 16:04:03 +0000Royal Air Maroc to introduce the new Boeing 787-8 on January 8, 2015
Royal Air Maroc (Casablanca) will introduce the new Boeing 787-8 Dreamliner on the Casablanca-Paris (Orly) route on January 8, 2015 per Airline Route. Casablanca-New York (JFK) 787 service is due to start on February 22, 2015. The new type will also operate to Montreal (Trudeau) starting on March 29, 2015, Algiers (June 14, 2015) and Jeddah (June 16, 2015).
Royal Air Maroc has four 787-8s on order.
Image: Royal Air Maroc.
Filed under: Royal Air Maroc Tagged: 787, 787-8, Boeing, Boeing 787, Boeing 787-8, Boeing 787-8 Dreamliner, Casablanca, paris orly, Royal Air Maroc
Tue, 21 Oct 2014 14:53:14 +0000AirEuropa to launch Madrid-Tel Aviv flights
AirEuropa (Palma de Mallorca and Madrid) on March 30, 2015 will add the Madrid-Tel Aviv route with Boeing 737-800s. The new route will be operated three days a week per Airline Route.
Copyright Photo: Ton Jochems/AirlinersGallery.com. Boeing 737-85P EC-LVR (msn 36593) taxies to the gate at Palma de Mallorca.
Filed under: AirEuropa Tagged: 36593, 737, 737-800, 737-85P, AirEuropa, Boeing, Boeing 737, Boeing 737-800, EC-LVR, Madrid, Madrid-Tel Aviv, Palma de Mallorca, PMI, Tel Aviv
Tue, 21 Oct 2014 14:07:07 +0000Siam Air starts operations in Thailand
Siam Air (Siam Air Transport Company Limited) (Bangkok-Don Mueang) is a new Thai airline that started operations this month between Bangkok (Don Mueang) and Hong Kong with two Boeing 737-300s (HS-BRU and HS-BRV)
Filed under: Siam Air Tagged: 737, 737-300, Bangkok, Boeing, Boeing 737, Boeing 737-300, Don Mueang, Siam Air, Siam Air Transport Company Limited