Category: Las Vegas News (Page 1 of 5)

Las Vegas Sands CEO sells over $5.2 million in company stock

March 19, 2024 / WIL BALDWIN

Image from Las Vegas Sands Corp.

Las Vegas Sands Corp. (NYSE: LVS) CEO and Chairman, Robert G. Goldstein, has sold 100,000 shares of the company’s common stock, according to a recent SEC filing. The transaction, which took place on March 15, 2024, amounted to over $5.2 million, with shares sold at a weighted average price of $52.06.

The sales were executed in multiple transactions with prices ranging between $52 and $52.26. Post-transaction, Goldstein still holds 172,801 shares indirectly through The Robert and Sheryl Goldstein Trust, signifying a continued stake in the company’s future.

Click the link below to read the full story!

Las Vegas Sands CEO sells company stock

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Qatar Airways Holidays launches Formula 1® 2024 Season packages

February 19, 2024 / WIL BALDWIN

Doha, Qatar – Qatar Airways, the Global Partner and Official Airline of F1®, in partnership with Qatar Airways Holidays, announced today the launch of its fan packages for the upcoming FIA Formula One World Championship™. The packages allow fans travelling from more than 40 countries to be up-close to high-octane action and enjoy unique experiences.

From the beginning to end of their journey, the packages are designed for fans to enjoy a seamless motorsport extravaganza, with the inclusion of return flights, hotel accommodation, F1® Paddock Club or Grandstand race tickets, and return airport transfers for all global races (excluding Qatar). Packages are available for purchase at: qatarairways.com/f1.

This year, fans are also encouraged to experience guided track tours, pit lane walks and more with the F1® Paddock Club™ packages, featuring savings of up to 20 per cent on global race packages. One of the best spots to watch the action, offering world-class cuisine and free-flowing beverages, the Paddock Club™ is the pinnacle of F1® hospitality. In addition, Qatar Airways Privilege Club members can collect Avios and Qpoints on all fan packages, accumulating rewards to use towards future travel and experiences while helping them retain and quickly reach their next tier. Members can also purchase their package using Cash + Avios.

Southwest Airlines pilots to vote on new five-year agreement

December 20, 2023 / WIL BALDWIN

Dallas, Texas, December 20, 2023 – Southwest Airlines Co. (NYSE: LUV) announced today that a Tentative Agreement has been reached with the Southwest Airlines Pilots Association (SWAPA) and will be voted on by the airline’s nearly 11,000 Pilots.

SWAPA will communicate details of the contract and the voting process to Pilots.

Southwest® began accruing for market wage rates for all open labor contracts April 1, 2022. The Company’s fourth quarter 2023 guidance range for operating expenses per available seat mile, excluding fuel and oil expense, profitsharing, and special items (CASM-X), including those associated with this Tentative Agreement, remains unchanged at down 16 percent to 19 percent year-over-year. The CASM-X guidance range is inclusive of market wage rate accruals for this, and all open labor contracts, related to the fourth quarter 2023 time period.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to (i) the Company’s financial outlook, plans, expectations, and projected results of operations and (ii) labor matters. These forward-looking statements are based on the Company’s current estimates, intentions, beliefs, expectations, goals, strategies, and projections for the future and are not guarantees of future performance. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) the impact of fears or actual outbreaks of diseases, extreme or severe weather and natural disasters, actions of competitors, fuel prices, consumer perception, economic conditions, banking conditions, fears or actual acts of terrorism or war, sociodemographic trends, and other factors beyond the Company’s control, on consumer behavior and the Company’s results of operations and business decisions, plans, strategies, and results; (ii) the Company’s ability to timely and effectively implement, transition, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iii) the emergence of additional costs or effects associated with the cancelled flights in December 2022, including litigation, government investigation and actions, and internal actions; (iv) the Company’s dependence on its workforce, including its ability to employ and retain sufficient numbers of qualified Employees to effectively and efficiently maintain its operations; (v) the Company’s ability to obtain and maintain adequate infrastructure and equipment to support its operations and initiatives; (vi) the Company’s dependence on third parties, in particular with respect to its technology plans, its plans and expectations related to operational reliability, fuel supply, and maintenance, and the impact on the Company’s operations and results of operations of any third party delays or non-performance; (vii) the impact of labor matters on the Company’s business decisions, plans, strategies, and results; (viii) the impact of governmental regulations and other governmental actions on the Company’s business plans, results, and operations; and (ix) other factors, as described in the Company’s filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10- K for the fiscal year ended December 31, 2022. Caution should be taken not to place undue reliance on the Company’s forward-looking statements, which represent the Company’s views only as of the date of this news release. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Alaska Air adds Porter Airlines as 30th global airline partner

December 13, 2023 / WIL BALDWIN

Alaska Airlines Group Inc (NYSE: ALK) is welcoming a new global airline partner: Porter Airlines, a growing Canadian carrier that begins its inaugural nonstop service between Toronto and both Los Angeles and San Francisco in January. Those flights, along with flights connecting on Alaska across our West Coast network, can be purchased later today at alaskaair.com. Mileage Plan members who buy Porter flights on our website also earn at least 100% of the miles flown and 100% elite-qualifying miles.

Porter’s new routes will link Los Angeles and San Francisco to Canada’s largest city and beyond with connections to destinations across Eastern Canada including Montreal, Ottawa and Halifax. Porter will fly the Embraer E195-E2 aircraft between California and Toronto, which is known for its quieter flying and greater fuel efficiency than previous generation technology.

Porter is Alaska’s 30^th global partner airline. Porter’s daily nonstop service between Los Angeles-Toronto begins on Jan. 16 with the airline’s operations conveniently located alongside Alaska’s gates at Terminal 6 at LAX. Porter’s San Francisco-Toronto service will launch the following week on Jan. 25. Porter is now selling flights with Alaska connections on its website.

Alaska and Porter will continue to strengthen our partnership next year. Coming in 2024, Mileage Plan and VIPorter members will earn miles in their respective loyalty programs no matter where they book their flights. Next year will bring even more benefits with access to mileage redemptions with enhanced availability for both Mileage Plan and VIPorter members on each other’s airline.

Forward-Looking Statements

Boeing Business Jets unveils premium cabin options for VIP jets

October 16, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 16, 2023, PRNewswire – Boeing Company (NYSE: BA) Business Jets (BBJ) customers have a new way to customize cabin interiors for the BBJ 737-7, reducing costs and accelerating delivery of new VIP jets, the company announced today. With BBJ Select, Boeing is offering a wide range of pre-designed cabin layouts and configurations to expedite installation, while lowering the total purchase price of the airplane. The company shared its new BBJ Select premium interiors at the National Business Aviation Association & Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.

From guest rooms and private offices to family rooms and VIP passenger seating configurations, customers select modules for each section of the airplane. In all, BBJ Select offers 144 unique modular cabin combinations in three different color palettes, covering the spectrum of personal, business and head-of-state airplane requirements.

Designed in collaboration with award-winning business jet completion centers Aloft AeroArchitects and Greenpoint Technologies, BBJ Select layouts eliminate costs for one-time engineering and related work for the installation of a clean sheet cabin design. To simplify the purchase experience, customers sign one contract with Boeing and the company oversees the design, build and delivery of the fully outfitted VIP aircraft.

BBJ Select cabins are exclusively available for the BBJ 737-7, the newest member of the BBJ 737 MAX family. With an unmatched combination of globe-spanning range, superior cabin space and best-in-class operating economics, the BBJ 737-7 can fly passengers over 15 hours non-stop while reducing fuel use and emissions compared to previous generation business jets. Built for daily flights, BBJs provide far higher reliability and retain more residual value compared to competitors.

Embraer re-imagines excellence with the all-new Phenom 100EX

October 9, 2023 / WIL BALDWIN

· The Phenom 100EX will debut at the 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) from October 17 to 19 in Las Vegas, Nevada

· New features include enhanced cabin comfort and new pilot-centric avionics features to deliver the ultimate flying experience for those in the cockpit and cabin

Melbourne, Florida, October 9, 2023 – Embraer SA ADR (NYSE: ERJ) today unveiled the Phenom 100EX business jet, the company’s latest evolution from the Phenom 100 series, which has served its loyal customers since 2008 with over 400 aircraft in operation. Adopted and trusted by owner-pilots, private companies, and flight academies, such as RAF, Emirates, Etihad, and the Finnish Aviation Academy, the Phenom 100 series is the most trusted entry-level platform in the industry. Now, the new Phenom 100EX delivers superior cabin comfort, operational versatility and safety enhanced pilot-centric avionics to offer the ultimate flying experience.

The Phenom 100EX is the result of continuous improvements over the years based on customer feedback. The aircraft incorporates Embraer’s Design DNA, which influenced the combining of cabin controls into sleek upper tech panels, as well as the seat design, increased use of more sustainable materials and flush-to-the-wall tables that maximizes workspace. The aircraft also includes interior enhancements, such as a baseline side-facing fifth seat and belted lavatory for additional passenger capacity. These detailed attributes throughout the cabin speak to the company’s commitment to delivering enhanced comfort, unparalleled in-flight experiences and even more productivity capabilities, while increasing the ease of maintainability. These new interior features complement the product’s best-in-class OvalLite™ cross-section, which provides further head- and legroom, as well as the most complete airstair and roomiest baggage compartment.

Leading the way in avionics and safety innovation, the Phenom 100EX is the first in its class to feature a Runway Overrun Awareness and Alerting System (ROAAS), which acts during one of the most critical moments of flight to build a clear picture of the anticipated landing conditions.

The cockpit is equally considerate with further pilot legroom provided by extended seat tracking and an open-concept cockpit for easier communication within the cabin. In addition to the reimagined cabin, the aircraft boasts enhanced pilot-centric avionics as part of the Prodigy Touch, based on the renowned Garmin 3000.

Other avionics improvements include FlightStream 510, automatic 3D volumetric scanning with lightning and hail prediction, stabilized approach, predictive windshear, and more.

Benefiting from the family’s reputation for high utilization and low maintenance costs, the entry-level jet is also one of the greenest dual-engine jets on the market, culminating in a versatile aircraft built to offer the highest level of operational flexibility. The Phenom 100EX is triple-certified by ANAC, FAA and EASA and is currently sold out in 2024 with the next available date for delivery in 2025.

Allegiant Airlines secures financing for Airbus a320 ceo and Boeing 737 MAX aircraft

October 6, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.

The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.

Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.

Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.

Sun Country Airlines is today’s zacks.com “Bear of the Day”

October 6, 2023 / WIL BALDWIN

With very expansive top and bottom line growth expected over the next few years, investors may be wondering why Sun Country Airlines (Nasdaq: SNCY) stock is down -5% year to date.

The answer to this question lies in the trend of earnings estimate revisions which have largely declined landing Sun Country’s stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.

Click the link below to read the full story!

Bear of the Day

First Time Ever! Southwest Airlines Launches Buy One, Get One 50% Off Base Fares Promotion for Upcoming Travel

August 1, 2023 / WIL BALDWIN

Dallas, Texas, August 1, 2023 – Today, Southwest Airlines Co. (NYSE: LUV) launched a buy one, get one 50% off base fares promotional offer. This exciting offer is valid for only a short time—now through Aug. 3, 2023, and Customers can book their upcoming August and September travel and even save on a future trip to kick off 2024.¹

“We’re so grateful for the loyalty our Customers share with Southwest every day and we know they’re ready to make some travel plans in 2024,” said Jonathan Clarkson, Vice President of Marketing at Southwest Airlines. “This extra discount on our already low fares enhances the value of our frequent flights, flexible policies, and the unmatched friendliness of our People. We hope it underscores our gratitude for the relationship between Southwest and those who choose to fly with us.”

To qualify, Rapid Rewards® Members must:¹

Register for the promotion and purchase a Southwest® revenue flight (one round trip or two one-ways), starting today through Aug. 3, 2023; and
Travel by Sept. 30, 2023.

To use the promotion code Members must:²

Book new travel using the 50% off promotion code beginning Oct. 17, 2023, through Nov. 23, 2023; and
Travel Jan. 8 2024, through March 6, 2024. (Travel blacked out Feb. 15, 2024, through Feb. 19, 2024; Feb. 23, 2024, through Feb. 25, 2024; and March 3, 2024.)³

Visit Southwest.com® for the full list of terms and conditions.¹

A Boeing 737-7 and 737-8-200 (Boeing Photo)

Allegiant Air Orders Up to 100 737 MAX Jets

January 5, 2022 / WIL BALDWIN

Seattle, Washington, January 5, 2022 /PRNewswire/ – Boeing [NYSE: BA] and Allegiant Air (NASDAQ: ALGT) today announced an order for 50 737 MAX jets, with options for 50 additional airplanes. In Boeing’s first U.S. ultra-low cost carrier (ULCC) deal, Allegiant selected two models – the 737-7 and 737-8-200 – in the 737 MAX family, which provide the lowest seat-mile costs for a single-aisle airplane and high-dispatch reliability.

With commonality and improved fuel efficiency, the 737 MAX family enables airlines to optimize their fleets across a broad range of missions. The 737-7 provides low-operating costs that enable carriers to open new routes with less economic risk, and the larger 737-8-200 offers added revenue potential and is right-sized for ULCC market expansion. Compared to Allegiant’s current fleet, the new 737 models will reduce fuel use and carbon emissions by 20%.

Boeing and Allegiant will partner on entry-into-service support, enabling a smooth transition as the carrier adds the 737 into its operation. Allegiant will also utilize a suite of Boeing Global Services digital tools to further enhance operational efficiency. Allegiant currently operates a fleet of 108 Airbus A319 and A320 airplanes.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

Archives