Tag: passenger (Page 18 of 26)

Trump Proposes Cutting Amtrak Funding, Boost Infrastructure

February 10, 2020 / WIL BALDWIN

WASHINGTON, Feb 10 (Reuters) – The White House budget released on Monday proposed cutting funding for passenger rail carrier Amtrak, while calling for a significant boost in infrastructure spending.

The proposal would cut Amtrak funds by more than 50% over 2020 levels. It could cut funds to the congested northeast corridor from $700 million to $325 million and cut long-distance train funds from $1.3 billion to $611 million and then phase out support for long-distance trains.

Trump has proposed similar cuts in prior budgets and been rejected, and Democrats are not likely to go along. Trump has sparred with Democratic lawmakers over a $13 billion infrastructure project to build and repair tunnels and bridges in the New York City area known as “Gateway.”

In November, Amtrak said for the year ended Sept. 30, it had set records for ridership, revenue, and financial performance, including 32.5 million customer trips, a year-over-year increase of 800,000 passengers.

Amtrak reported a loss of $29.8 million in the year through September 2019 compared with a loss of $170.6 million in the prior fiscal year.

The Trump budget calls for $810 billion in highway, transit, safety and other surface transportation funds and then an additional $190 billion for a wide range of programs including $25 billion for rural water, broadband and other projects. It does not specify how to pay for the repairs or for funding an estimated $107 billion shortfall in the highway trust fund through 2026.

The budget again also calls for eliminating an Energy Department clean vehicle loan program that boosted Tesla Inc , Nissan Motor Co and Ford Motor Co during the last industry downturn, but has not funded a new project in almost a decade.

Start-up Lordstown Motors Chief Executive Steve Burns told Reuters last month the company wanted to apply for a $200 million loan from the Energy Department program to retool a former General Motors factory in Lordstown, Ohio. Burns met with Energy Secretary Dan Brouillette for an hour to discuss the proposal last month. Lordstown is partially owned by start-up Workhorse Group Inc.

The budget also again proposes killing the $7,500 electric vehicle tax credit that phases out for automakers after 200,000 EVs are sold. The White House blocked an effort in December by congressional Democrats to expand the credit to additional vehicles.

(Reporting by David Shepardson; Editing by Steve Orlofsky)

Acela at B&P Tunnel Acela, Amtrak, B&P Tunnel, Baltimore, NEC, maryland An Acela train emerges from the B&P Tunnel in Baltimore.

Norwegian Air’s Shares Jump as Turnaround Takes Off

February 6, 2020 / WIL BALDWIN

OSLO (Reuters) – Norwegian Air’s turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade.

The airline’s yield – income per passenger carried and kilometre flown – rose 15% to 0.40 Norwegian crown ($0.0435), its monthly traffic report showed on Thursday, beating a 0.37 crown forecast in a Reuters poll of analysts.

The company cut its capacity by a bigger-than-expected 29% in January from a year earlier. Analysts had expected a 22.2% decline in capacity for the month.

Norwegian’s shares traded 4.3% higher at 39.66 crowns by 0839 GMT, but are still down 46% in the last 12 months.

“I am pleased that we continue to deliver on the strategy of moving from growth to profitability,” Chief Executive Jacob Schram, in office since the start of the year, said in a statement.

Norwegian has shaken up the transatlantic travel market with low fares, but breakneck expansion and the grounding of its Boeing MAX fleet also brought mounting losses, forcing the company repeatedly to raise cash from owners.

Seeking to turn itself around and avoid joining the ranks of collapsed airlines, the company announced in October it would cut its capacity by 10% in 2020 from 2019.

Another measure, revenue per available seat kilometre, or RASK, grew by 22% year-on-year to 0.32 crowns, beating the 0.30 crowns predicted by analysts, and Norwegian also raised its fuel hedges to guard against a spike in prices.

The increase in RASK pointed to better operating margins at the carrier, said Danske Bank analyst Martin Stenshall, who holds a buy recommendation on the stock.

Norwegian on average filled 80.9% of seats in January, up from a load factor of 76.1% a year ago and beating an average forecast of 80.6%.

Routes between Ireland and the United States and Canada were cut from Norwegian’s schedule last September, and in December the company announced the sale of its domestic business in Argentina.

The cutbacks may also alleviate the pressure on rivals such as Scandinavian Airlines, which now faces less head-to-head competition on routes between Europe and the United States.

($1 = 9.1879 Norwegian crowns)

(Editing by Gwladys Fouche and Barbara Lewis)

Norwegian Air Sweden Boeing 737-800 plane SE-RRJ approaches Riga International Airport in Riga

Amtrak Downeaster Achieves Record Ridership In 2019

February 3, 2020 / WIL BALDWIN

PORTLAND, MAINE – The Northern New England Passenger Rail Authority (NNEPRA) announced today that the Amtrak Downeaster achieved record breaking ridership of 574,404 passengers in calendar year 2019, a 7.8% increase from 2018. The previous ridership record of 546,056 passengers was set in 2017.

The Amtrak Downeaster experienced record ridership growth in 9 out of 12 months, according to NNEPRA Marketing Director, Natalie Bogart, who reported that August 2019 was the highest ridership month in Downeaster history. “August ridership of 60,944 was an all-time record and the first time that Downeaster ridership surpassed 60,000 passengers in a month.”

NNEPRA attributes the ridership surge to increased frequency to Freeport and Brunswick, improved reliability, as well as repeat riders. Amtrak Customer Satisfaction score of 91% suggests that people are not only riding the Downeaster, but are finding it to be enjoyable as well. When compared to Amtrak services throughout the country, passengers rank the Downeaster among the top services for friendliness, overall satisfaction, and quality of on-board food service.

“These results are particularly impressive,” stated NNEPRA Chairman, John Melrose. “We are committed to the continued growth of the Downeaster service and are working hard in 2020 to improve/ expand transportation alternatives to further enhance mobility to our citizens and support economic growth for Maine Businesses.”

For additional Amtrak Downeaster information or to purchase tickets visit: AmtrakDowneaster.com

Amtrak Downeaster, POR, 2016, 15th Anniversary of the Downeaster, Portland Intermodal Station, Chuck Gomez WASHINGTON, WAS

Air Canada Boeing 767 Makes Emergency Landing in Madrid

February 3, 2020 / WIL BALDWIN

An Air Canada Boeing 767 aircraft made a safe emergency landing at Madrid’s Adolfo Suarez-Barajas International Airport after part of the jets landing gear reportedly fell off and entered its engines.

The Toronto-bound flight touched down shortly after 7.10pm Monday evening with fire engines lining the runway.

A passenger tweeted out video of the safe emergency landing. Click the link below to view!

https://twitter.com/hashtag/LANDING?src=hash&ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1224395055659659269&ref_url=https%3A%2F%2Fuk.news.yahoo.com%2Fmadrid-airport-plane-emergency-landing-162359631.html

Adolfo Suarez-Barajas International Airport in Madrid, Spain

Alstom Delivers its First Series Electric Bus to Strasbourg

January 31, 2020 / WIL BALDWIN

Alstom is delivering the very first 100% electric Aptis bus to Strasbourg transport operator Compagnie des Transports Strasbourgeois (CTS). This constitutes a major new step for Alstom, which aims to be the most innovative world actor for sustainable, smart mobility. Following the groundbreaking delivery, CTS will train 150 drivers in the operation of the new vehicles. During this initial training phase, the bus will run on the streets of Strasbourg with the livery that the Aptis fleet will adopt when in high-level service on the H line. With a length of 12 metres and equipped with 3 doors, Aptis buses were designed at the Hangenbieten Eurométropolis. They are the first electric buses to join CTS’s fleet of vehicles.

Thanks to its innovative design, Aptis offers an unparalleled passenger experience. Its berthing system for perfect alignment with the pavement, its low, completely flat floor and wide double doors allow easy movement and convenient boarding for people with reduced mobility and prams. Equipped with large bay windows along its entire length, Aptis offers 25% more glass surface area than a standard bus and a rear seating area with panoramic views of the city.

The vehicles requested by the city of Strasbourg are designed for slow charging at night at the depot. Aptis is also available for occasional recharging at the end of each line, using either ground-based charging solutions (SRS) or pantograph charging. Aptis was designed to have an optimised total cost. This is possible thanks to reduced maintenance and operating costs and a longer service life than that of standard buses. The aim for local authorities, therefore, is to have a total cost equivalent to that of existing standard diesel buses.

Aptis was also chosen by RATP and Île-de-France Mobilités, and by the areas of Greater Grenoble, Greater La Rochelle, and Greater Toulon, where commercial operations are due this year. As of September 2018, Aptis is also referenced by the CATP for public purchasing by local authorities. This referencing allows member authorities to order Aptis vehicles directly and simply from the CATP without having to embark on long and costly procedures.

Aptis also received the Origine France Garantie in January 2019. The certificate guarantees that at least 50% of Aptis’s value is French.

Design, production and testing will be carried out at Aptis Alstom’s site of Hangenbieten, in Alsace. Six other Alstom sites in France are involved in the design and manufacture of Aptis: Reichshoffen for the flanks, Saint-Ouen for the system integration, Tarbes for the traction, Ornans for the motors and Villeurbanne for the electronic components of the traction chain. Finally, Alstom’s site in Vitrolles is developing one of the charging solutions (SRS).

Bombardier Celebrates Introduction of the final New Generation Rollingstock in Queensland, Australia

January 29, 2020 / WIL BALDWIN

Fleet of 75 six-car commuter trains, designed and engineered locally in Australia, are already increasing transport capacity and ridership in Queensland
With 70 per cent of Queensland’s future population growth targeted in the South-East region, the NGR fleet will bring a significant capacity increase to meet the growing demand for rail services

The last of 75 trains enters service in Queensland, Australia

Mobility technology solution provider Bombardier Transportation recently celebrated the introduction into passenger service of the final New Generation Rollingstock (NGR) train for the Queensland Government. In addition to delivering the 75 commuter trains, Bombardier will also maintain the entire fleet at its Wulkuraka maintenance centre near Ipswich, Queensland for a period of 32 years.

“Our highly efficient commuter cars have been performing well, providing passengers in Queensland with a safe and comfortable ride. Bombardier is providing mobility solutions through its NGR and Gold Coast projects, helping the Queensland Government deliver its economic and public transportation development programs,” said Wendy McMillan, President, South East Asia and Australia, Bombardier Transportation.

She added, “This significant milestone of the last NGR train delivery in Queensland was achieved thanks to close collaboration between Queensland’s Department of Transport and Main Roads (TMR), Queensland Rail, Bombardier and our partners. Bombardier has created more than 2,000 local jobs across the industry and supply chain throughout this project.”

The trains have been rigorously tested and commissioned to the highest requirements of TMR and Queensland Rail at the Wulkuraka maintenance facility. In addition, they have travelled more than eight million in-service kilometres and conducted over 150,000 passenger journeys since the first trains started service in December 2017.

Last year, Bombardier Transportation signed a contract for $335.7 million AUD with the Queensland Government to deliver modifications to the NGR trains currently being introduced to the South-East Queensland rail network. Bombardier is leading the Qtectic consortium contracted to deliver the NGR project and will undertake the work to upgrade the trains in line with the government’s revised design specifications with an industry partner. The NGR core project team led by TMR, Queensland Rail and Bombardier Transportation worked closely together with the disability sector to ensure the upgraded trains meet the needs of all Queenslanders. Queensland’s train fleet will be one of the most accessible in the country once the upgrades are complete.

Bombardier has been investing in Australia for more than 70 years. As a trusted rail industry partner with over 1,000 local employees, Bombardier designs, engineers, manufactures and maintains rolling stock across Australia, along with providing signalling, rail equipment, asset management and through-life support to customers and operators.

Brazil Antitrust Regulator Gives Nod to Boeing-Embraer Deal

January 27, 2020 / WIL BALDWIN

The Boeing logo is displayed on a screen, at the NYSE in New York

BRASILIA (Reuters) – Brazilian antitrust regulator Cade on Monday approved Boeing Co’s <BA> purchase of Embraer SA’s <ERJ> commercial aviation division without restrictions, according to a statement on the agency’s website.

Cade’s top administrative council could still call for a reconsideration of the case, putting the matter to a vote.

The companies welcomed the move on Monday, with Boeing saying it remained confident of getting approval from the European Commission, the last hurdle to the transaction.

The European Union has set an April 30 deadline to decide on the deal.

Boeing has offered to pay $4.2 billion for 80% of Embraer’s commercial jet division, which builds passenger jets in the 70- to 150-seat segment.

That puts it in direct competition with next-generation jets designed by Bombardier Inc <BBD-B.TO> and acquired by Europe’s Airbus SE <EADSY>, which rebranded them the A220 program.

(Reporting by Ricardo Brito; additional reporting by Kanishka Singh; Writing by Jake Spring; Editing by Sandra Maler, Marguerita Choy and Aditya Soni)

E2-195 plane with Brazil’s No. 3 airline Azul SA logo is seen during a launch event in Sao Jose dos Campos

American Airlines Reports Q4 and Full-Year 2019 Profit

January 23, 2020 / WIL BALDWIN

FORT WORTH, Texas — American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2019 financial results, including these highlights:

Fourth-quarter 2019 earnings were $0.95 per diluted share. Excluding net special items¹, earnings were $1.15 per diluted share, up 19% year over year.
Full-year 2019 earnings were $3.79 per diluted share. Excluding net special items², earnings were $4.90 per diluted share, up 8% year over year.
Accrued $213 million for the company’s profit-sharing program in 2019, including $74 million in the fourth quarter.
Returned $1.3 billion to shareholders in the form of dividends and share repurchases in 2019.

“During the fourth quarter, we made important progress to address the issues that impacted our business in 2019, and, thanks to our incredible team, we ended the year with our strongest operational quarter on record,” said American Airlines Chairman and CEO Doug Parker.

“While our results for the quarter reflect this progress, we know there is more work to be done. Looking to 2020, we are focused on three key areas. First, we will continue to deliver operational excellence and build on our strong fourth-quarter results. Our team has done a tremendous job, and we will keep driving improvement in key operational metrics in the year ahead. Second, we will deliver those results while growing where we have a competitive advantage in our most profitable hubs. And third, these initiatives combined with our capital plan will enable us to drive significant free cash flow in 2020 and beyond.”

Fourth-Quarter Revenue and Expenses

Pre-tax earnings were $571 million in the fourth quarter of 2019. Pre-tax earnings excluding net special items for the fourth quarter of 2019 were $679 million, a $90 million increase from the fourth quarter of 2018, or 15.1% year-over-year increase from the same period last year.

Continued strength in passenger demand and a record passenger load factor drove a 3.4% year-over-year increase in fourth-quarter 2019 total revenue to a record $11.3 billion. Driven by a 2.4% increase in passenger load factor, passenger revenue per available seat mile (PRASM) grew 0.9% to 14.72 cents, a record for the fourth quarter. Cargo revenue was down 18.3% to $216 million due primarily to a 15.6% decline in cargo volume. Other revenue was up 5.4% to $750 million due primarily to higher loyalty revenue. Fourth-quarter total revenue per available seat mile (TRASM) increased by 0.5% compared to the fourth quarter of 2018 on a 2.9% increase in total available seat miles.

Total fourth-quarter 2019 operating expenses were $10.6 billion, up 2.1% year over year, driven primarily by higher salaries and benefits, maintenance, and regional expenses. Total fourth-quarter 2019 cost per available seat mile (CASM) was 15.06 cents, down 0.8% from fourth-quarter 2018. Excluding fuel and net special items, consolidated fourth-quarter CASM was 11.59 cents, up 2% year over year.¹

2020 Priorities

In 2020, American is focused on operational excellence, efficient and profitable growth, and generating significant free cash flow.

Operational excellence: Running a reliable operation is a significant driver of customers’ likelihood to recommend and American’s goal to become customers’ airline of choice.
Efficient and profitable growth: Grow in high-revenue markets that produce at or above average unit revenues, largely due to new gates in Dallas-Fort Worth and Charlotte, North Carolina.
Generating significant free cash flow³: Use free cash flow to naturally de-lever the company’s balance sheet and return capital to American’s shareholders.

Airbus Sales Chief Says No Need to Cut Production of A330neo

January 15, 2020 / WIL BALDWIN

MONTREAL (Reuters) – Airbus <EADSY> sees enough demand for its wide-bodied A330neo passenger jet to keep production stable, Chief Commercial Officer Christian Scherer told Reuters on Wednesday.

With some airlines seen unlikely to take delivery of all the jets they have ordered, there has been speculation Airbus would have to trim production of the latest version of its most profitable long-range jet despite a recent flurry of new sales.

“Considering the demand I see on the A330neo I see no need to cut production levels,” Scherer told Reuters on the sidelines of an Air Canada <AC.TO> event in Montreal.

“Production is stable on the A330.”

Last year, Airbus secured 99 firm orders for the A330neo including 40 to an unidentified buyer in December.

Scherer said Airbus is also progressing toward reducing costs on its smallest jet, the A220. The company is targeting a double-digit percentage reduction in production costs.

(Reporting by Allison Lampert in Montreal; Editing by Matthew Lewis)

Bombardier Joint Venture Wins Contract to Build 160 New Chinese Standard High-Speed Train Cars

January 4, 2020 / WIL BALDWIN

With around 4,500 train cars already delivered, Bombardier’s Chinese joint venture is the only Sino-foreign entity to win a new Chinese standard high-speed train bid
New Chinese standard high-speed train cars to enhance passenger experience and contribute to the expansion of the world’s longest high-speed rail network

Global mobility solution provider Bombardier Transportation announced today that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has been awarded a contract from China State Railway Group Co., Ltd. (CHINA RAILWAY) to supply 160 CR400AF cars, a new Chinese standard high-speed train car for China’s evolving high-speed rail network. The 160 cars will be configured into ten 16-car trainsets with an operating speed of 350 km/h. The total contract is valued at approximately 2.97 billion CNY ($427 million US, 380 million euro). Bombardier Transportation owns 50 per cent of the shares in BST, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Rolling Stock Co., Ltd.

Jianwei Zhang, President, Bombardier Transportation China, said, “We are very proud to have been chosen to supply the new generation of CR400AF cars, a high-speed railway car, through our BST joint venture. China’s high-speed rail industry has become one of the nation’s economic pillar industries and the high-speed network has brought greater mobility and prosperity to the public. Bombardier is proud of its contributions to China’s rail industry and looks forward to delivering more of the high-quality products that are helping China meet its ambitious long-term mobility goals.”

In 2018, BST won two contracts to build a total of 288 CR400AF cars and every car was delivered on-time and on quality. This latest contract is BST’s third and reflects the trust that CHINA RAILWAY has in BST’s efficiency, reliability and competitive edge. All 160 cars will be delivered by mid-2020.

Bombardier Transportation in China is the full solution provider across the entire value chain. From vehicles and propulsion to services and design, Bombardier Transportation in China has seven joint ventures, six wholly foreign-owned enterprises, and more than 8,000 employees. Together, the joint ventures have delivered 4,500 railway passenger cars, 580 electric locomotives and over 2,500 metro cars, Monorail, APM, and trams to China’s growing rail transit markets. It is a major signalling supplier to the Chinese high-speed network and through its joint ventures, propulsion equipment and signalling systems are utilized in a total of 30 Chinese cities.

Fourth-Quarter Revenue and Expenses

2020 Priorities

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