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All Rex Airlines Frontline Staff Now Vaccinated

November 1, 2021 /

Rex today announced all frontline staff on duty have now been fully vaccinated against COVID- 19, the first airline in Australia to reach this milestone. The several hundred vaccinated staff include pilots, flight attendants, customer service officers at airports and all other workers across the Rex domestic and regional networks who may need to interact with passengers face-to-face.

Company-wide, 93 percent of all Rex staff have either been double vaccinated or received their first dose.

Rex reopens its domestic network on November 15 with the resumption of flights from Melbourne to Sydney and Canberra. Melbourne – Adelaide flights restart on November 26, while flights to the Gold Coast from Sydney and Melbourne begin on December 17.

The airline’s unique Refund Guarantee Policy also protects the financial health of passengers from any COVID-related disruptions.

Rex is Australia’s largest independent regional and domestic airline operating a fleet of 60 Saab 340 and six Boeing 737-800NG aircraft to 61 destinations throughout all states in Australia. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator) and the two pilot academies, Australian Airline Pilot Academy in Wagga Wagga and Ballarat.

Airbus Reports Third Quarter 2021 Results

October 28, 2021 /

Amsterdam, 28 October 2021 – Airbus SE (Paris stock exchange symbol: AIR) reported consolidated financial results for the nine months ended 30 September 2021.

“The nine-month results reflect a strong performance across the company as well as our efforts on cost containment and competitiveness. As the global recovery continues, we are closely monitoring potential risks to our industry. We are focused on securing the A320 Family ramp up and striving to ensure the right industrial and supply chain capabilities are in place,” said Airbus Chief Executive Officer Guillaume Faury. “Based on our nine-month performance, we have updated our 2021 earnings and cash guidance. We are strengthening the balance sheet to secure investment for our long-term ambitions.

Gross commercial aircraft orders totalled 270 (9m 2020: 370 aircraft) with net orders of 133 aircraft after cancellations (9m 2020: 300 aircraft). The order backlog was 6,894 commercial aircraft on 30 September 2021. Airbus Helicopters booked 185 net orders (9m 2020: 143 units), including 10 helicopters of the Super Puma Family. Airbus Defence and Space’s order intake by value was € 10.1 billion (9m 2020: € 8.2 billion) with third quarter orders including 56 C295 aircraft for India, two A400Ms for Kazakhstan and support and spares contract renewals for the German and Spanish Eurofighter fleets.

Consolidated revenues increased 17 percent to € 35.2 billion (9m 2020: € 30.2 billion), mainly reflecting the higher number of commercial aircraft deliveries compared to 9m 2020. A total of 424 commercial aircraft were delivered (9m 2020: 341 aircraft), comprising 34 A220s, 341 A320 Family, 11 A330s(1), 36 A350s and 2 A380s. Revenues generated by Airbus’ commercial aircraft activities increased 21 percent, largely reflecting the delivery performance compared to 2020 which was strongly impacted by COVID-19. Airbus Helicopters delivered 194 units (9m 2020: 169 units) with revenues up 14 percent reflecting growth in services as well as the higher deliveries, notably more helicopters from the Super Puma family. Revenues at Airbus Defence and Space were broadly stable year-on-year with four A400M military airlifters delivered in 9m 2021.

Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – was € 3,369 million (9m 2020: € -125 million).

The EBIT Adjusted related to Airbus’ commercial aircraft activities totalled € 2,739 million (9m 2020: € -641 million), mainly driven by the operational performance linked to deliveries and efforts on cost containment and competitiveness.

The A220 production rate, which is currently at 5 aircraft a month, is expected to increase to around rate 6 per month in early 2022, with a monthly production rate of 14 envisaged by the middle of the decade. On the A320 Family programme, the Company is working to secure the ramp up and is on trajectory to achieve a monthly rate of 65 aircraft by summer 2023. The recent commercial successes of the A330 programme enable a monthly rate increase from around 2 to almost 3 aircraft at the end of 2022. The A350 programme is expected to increase from around 5 to around 6 aircraft a month in early 2023.

Airbus Helicopters’ EBIT Adjusted increased to € 314 million (9m 2020: € 238 million), driven by services, programme execution and lower spending on Research & Development (R&D).

EBIT Adjusted at Airbus Defence and Space increased to € 284 million (9m 2020: € 266 million), mainly reflecting the Division’s efforts on cost containment and competitiveness.

Consolidated self-financed R&D expenses totalled € 1,919 million (9m 2020: € 2,032 million).

Consolidated EBIT (reported) amounted to € 3,437 million (9m 2020: € -2,185 million), including net Adjustments of € +68 million. 

These Adjustments comprised: 

  • € +190 million related to the A380 programme, of which € +45 million were booked in Q3;
  • € -165 million related to the dollar pre-delivery payment mismatch and balance sheet revaluation, of which € +5 million were in Q3;
  • € +43 million of other Adjustments, including compliance costs, of which € -6 million were in Q3.   

The financial result was € -172 million (9m 2020: € -712 million). It mainly reflects the net interest result of € -233 million partly offset by € +63 million related to the revaluation of the Dassault Aviation equity stake. Consolidated net income(2) was € 2,635 million (9m 2020 net loss: € -2,686 million) with consolidated reported earnings per share of € 3.36 (9m 2020 loss per share: € -3.43).

Consolidated free cash flow before M&A and customer financing was € 2,260 million (9m 2020: € -11,798 million), reflecting efforts on cash containment and also included a positive phasing impact from working capital. Consolidated free cash flow was € 2,308 million (9m 2020: € -12,276 million).

On 30 September 2021, the gross cash position stood at € 21.7 billion (year-end 2020: € 21.4 billion) with a consolidated net cash position of € 6.7 billion (year-end 2020: € 4.3 billion). The Company’s liquidity position remains strong, standing at € 27.7 billion at the end of September 2021. Given the increase in the net cash position and the robust liquidity, a decision was taken not to renew the undrawn € 6.2 billion Supplemental Liquidity Line which matured in September. In the meantime, the maturity of the € 6 billion Revolving Syndicated Credit Facility has been extended by a year.

Outlook

As the basis for its 2021 guidance, the Company assumes no further disruptions to the world economy, air traffic, the Company’s internal operations, and its ability to deliver products and services.

The Company’s 2021 guidance is before M&A.

On that basis, the Company has updated its 2021 guidance and now targets to achieve in 2021 around:

  • 600 commercial aircraft deliveries;
  • EBIT Adjusted of € 4.5 billion;
  • Free Cash Flow before M&A and Customer Financing of € 2.5 billion.

Embraer E190-E2 Makes First Commercial Flight into London City Airport

September 7, 2021 /

London, UK – Last Thursday, 2 September 2021 saw an important debut for London City Airport. At 5:45 pm, an Embraer E190-E2 made its first commercial flight into the iconic airport in the centre of the British political and financial capital. Registered HB-AZG, the Helvetic Airways aircraft flew from Zurich to London in 1 hour 20 minutes, also reestablishing an essential link for the global financial community.

Flight LX 456, operated by Helvetic Airways on behalf of its partner company Swiss International Air Lines, was welcomed by a water salute from London City Airport’s fire service. On board the sold out flight were 110 passengers, including representatives of the international media, business travellers, as well as those visiting friends and family.

It should be noted that Embraer aircraft account for nearly 90% of all movements at the airport. At the same time, the E190-E2 nearly doubles the available range from LCY to more than 4,000 km, for the first time bringing destinations such as Istanbul, Casablanca and Moscow within reach.

With the coronavirus pandemic bringing a more regional emphasis to air transport along with a trend towards the use of smaller aircraft types, Helvetic Airways is now ideally equipped both to provide reliable and cost-effective flight operations and to take full and fruitful advantage of the new opportunities currently offered in markets worldwide. With a fleet of 12 Embraer E2 aircraft, Helvetic Airways is currently the largest Embraer E-Jets operator in the world, strengthening its position as a regional airline based in Switzerland, Europe and beyond.

Aeromexico to Add Twelve New Aircraft to Fleet

July 20, 2021 /

Mexico City, July 20, 2021 – Aeromexico is working to continue adding new aircraft to its fleet and plans to add 12 new Boeing 737 MAX aircraft. The arrival is expected to begin next October.

These aircraft are in addition to the 28 that the company announced last April, making a total of 40 new aircraft to increase its fleet, replace other aircraft and improve connectivity.

The agreement to add these 12 aircraft is being negotiated with Dubai Aerospace Enterprise (DAE) and is subject to the approval of the United States Court for the Southern District of New York, in charge of Aeromexico’s Chapter 11 voluntary financial restructuring process.

Aeromexico’s current fleet is comprised of 118 aircraft: 47 Embraer 190’s, 53 Boeing 737’s, and 18 Boeing 787 Dreamliners.

Delta Air Lines Announces End of June Quarterly 2021 Financial Results

July 14, 2021 /

ATLANTA, July 14, 2021 – Delta Air Lines (NYSE: DAL) today reported financial results for the June quarter 2021 and provided its outlook for the September quarter 2021. Highlights of the June quarter 2021 results, including both GAAP and adjusted metrics, are on page six and are incorporated here.

June Quarter Financial Results

  • Adjusted pre-tax loss of $881 million excludes $1.5 billion of benefit related to the first and second payroll support program extensions (PSP2 and PSP3, respectively) and mark-to-market adjustments on our investments
  • Adjusted operating revenue of $6.3 billion, which excludes refinery sales, declined 49 percent on 39 percent lower sellable capacity (see Note A) versus June quarter 2019
  • Total operating expense, which includes $1.5 billion of benefit related to PSP2 and PSP3, decreased $4.1 billion relative to the June quarter 2019.  Adjusted for the benefit related to the PSP programs and third-party refinery sales, total operating expense decreased $3.3 billion or 32 percent in the June quarter 2021 versus the comparable 2019 period
  • Generated $1.9 billion of operating cash flow, $1.5 billion of free cash flow and $195 million of free cash flow, adjusted in the June quarter
  • At the end of the June quarter, the company had $17.8 billion in liquidity, including cash and cash equivalents, short-term investments and undrawn revolving credit facilities. The company had total debt and finance lease obligations of $29.1 billion with adjusted net debt of $18.3 billion

Click the link below to read the full release, including the reconciliations of GAAP to non-GAAP financial measures:

Delta Air Lines Announces June Quarter 2021 Financial Results

Deutsche Post DHL Group Raises Guidance After Record Quarterly Earnings

July 7, 2021 /

Bonn, Germany – Deutsche Post DHL Group (OTC: DPSGY), the world’s leading logistics company, has today released preliminary results for the second quarter of 2021. Simultaneously, the outlook for the current financial year and for 2023 has been raised. Furthermore, a one-time corona bonus1 for approximately 550,000 employees worldwide has been decided. Preliminary operating profit (EBIT) for the second quarter has improved to record level with around EUR 2,075 million (Q2 2020: EUR 912 million) and has more than doubled compared to previous year. Against the backdrop of the excellent business performance, the Group has raised its EBIT outlook for 2021 to more than EUR 7.0 billion (so far: more than EUR 6.7 billion). The mid-term EBIT outlook for 2023 is now expected to be more than EUR 7.4 billion (so far: more than EUR 7.0 billion).

As an appreciation for their tireless efforts during the pandemic the Group has decided to grant again a corona bonus of EUR 3001 to employees worldwide. This one-time payment is aimed at approximately 550,000 colleagues in all divisions and countries. Excluded are Executives. The corresponding expenses of around EUR 200 million will be booked in the third quarter 2021 and are already included in the updated earnings outlook for 2021.

All divisions significantly exceeded the previous year’s results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean and Air Freight markets remained unchanged.

MAX-10 First Flight Takeoff Renton

Boeing Completes Successful First 737-10 Flight

June 19, 2021 /

SEATTLE /PRNewswire/ — Boeing’s [NYSE: BA] 737-10, the largest airplane in the 737 MAX family, today completed a successful first flight. The airplane took off from Renton Field in Renton, Washington, at 10:07 a.m. and landed at 12:38 p.m. at Boeing Field in Seattle.

Today’s flight was the start of a comprehensive test program for the 737-10. Boeing will work closely with regulators to certify the airplane prior to its scheduled entry into service in 2023.

The 737-10 can carry up to 230 passengers. It also incorporates environmental improvements, cutting carbon emissions by 14 percent and reducing noise by 50 percent compared to today’s Next-Generation 737s.

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.

MAX-10 First Flight Landing Boeing Field Seattle

Lufthansa to Fly Boeing 747 and Airbus A350 to Mallorca Due to High Demand

June 11, 2021 /

– Wide body aircraft to operate to Palma de Mallorca from both Frankfurt and Munich

– First departure planned from Frankfurt on July 17 and on July 31 from Munich

– Tickets now available for booking

Lufthansa is taking extraordinary measures in order to respond to a significant increase in booking demand for flights to Palma de Mallorca from both Frankfurt and Munich. The booking figures for the destination “PMI” have increased 25 times between April and the beginning of June 2021: The airline will be operating a Boeing 747-8 from Frankfurt to Palma de Mallorca four Saturdays in a row during the upcoming summer vacation in Hesse. Additionally, the airline also plans to operate an Airbus A350 from Munich to the Balearic Island at the start of the summer vacation in Bavaria. Although these routes are normally operated by an Airbus A321, on 31 July, two wide-body Lufthansa aircraft will be arriving on Palma de Mallorca.

Departing Frankfurt with the “Jumbo”

The Boeing 747-8 is the largest aircraft that Lufthansa is currently operating, offering up to 364 seats instead of the usual 215, which are normally available on this route.  This wide-body aircraft offers passengers 88 Business Class seats (including First Class) as well as 276 seats in Economy Class (including Premium Economy).

The first “Jumbo” flight, LH1152, will be departing the Rhine Main metropolis on Saturday 17July at 10:20 a.m., just in time for the start of the Hessian summer vacation, and arrive at Palma de Mallorca airport at 12:25 p.m. The return flight, LH1153 will take place the same day at 14:25 p.m., arriving in Frankfurt at 16:45 p.m.

The modern and kerosene-efficient Boeing 747-8, also known as the “Queen of the Skies”, will operate for an addition three weekends, specifically on 24 July, 31 July and 7 August.

Departing Munich with the Airbus A350

The Airbus A350 is the most sustainable long-haul aircraft in the Lufthansa fleet. It consumes 20 percent less kerosene and is 50 percent quieter than previous models.   Those who want to experience the Lufthansa Airbus A350 along with its multi-award-winning cabin now have the chance to do so now. The aircraft offers 293 seats, including 48 in Business Class and 245 in Economy Class (including Premium Economy).

The A350 flight to Palma de Mallorca will take place at the start of the Bavarian summer vacations on Saturday 31 July. Departure from Munich is planned for 9:50 a.m. under flight number LH2658, arriving in Palma de Mallorca at 12:00 a.m. The return flight, LH2659, will take place the same day at 13:30 a.m. arriving in Munich at 15:35 p.m.

Air New Zealand to Establish New Crew Base in Brisbane Australia

June 10, 2021 /

Air New Zealand has extended its agreement with the Australian Government to operate flights between Norfolk Island and Australia from 30 August 2021 until the end of August 2023.

Under the agreement, Air New Zealand will use its A320 aircraft to operate up to three flights per week from Brisbane and three flights from Sydney.

Air New Zealand Chief Operating Officer Carrie Hurihanganui says the airline will establish a temporary pilot and cabin crew base in Brisbane until 30 November to ensure potential disruptions to the travel bubble will not affect continuity of services to Norfolk Island.

Flight numberDeparture airport Arrival airportDeparture timeArrival timeDay of week
 NZ914 Brisbane Norfolk Island 10.15am 1.30pm Monday, Thursday, Saturday
 NZ915 Norfolk Island Brisbane 2.40pm 4.05pm Tuesday, Friday, Saturday
 NZ912 Sydney Norfolk Island 9.55am 1.35pm Tuesday, Friday, Saturday
 NZ913 Norfolk Island Sydney 4.30pm 4.30pm Monday, Thursday, Saturday

Airbus Delivers First A350 to New Airline World2fly

June 9, 2021 /

Toulouse, France 09 June 2021 – World2fly, the new long-haul airline recently founded by the Spanish hotel company Iberostar, has taken delivery of the first of two A350-900s on lease from Air Lease Corporation (NYSE: AL), becoming the latest operator of the world’s most efficient large widebody aircraft.

The airline, based on the Balearic island of Mallorca, will operate the two leased A350-900 aircraft on long-haul routes from Madrid to leisure destinations, such as Punta Cana in the Dominican Republic, Cancun, Mexico, and Havana, Cuba.

World2fly’s A350-900s feature a modern and highly-comfortable single-class cabin layout with 432 seats. Passengers will enjoy more personal space, wide seats and absolute well-being on board and appreciate the latest-generation in-flight entertainment and connectivity. The A350 Airspace cabin is the quietest of any twin-aisle aircraft and offers passengers and crew the best flying experience.

The Airbus A350’s clean-sheet design features state-of-the-art aerodynamics, a carbon-fibre fuselage and wings, plus the most fuel-efficient Rolls-Royce Trent XWB engines. Together, these latest technologies translate into unrivalled levels of operational efficiency and sustainability for World2fly, with a 25% reduction in fuel-burn and CO2 emissions compared to previous generation twin-aisle aircraft.

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