Tag: haul (Page 2 of 8)

Norse Atlantic Airways Q2 report shows strong growth momentum going into Q3 2023

September 1, 2023 / WIL BALDWIN

CEO, Founder and largest shareholder, Bjorn Tore Larsen:

“Q2 marked a significant period of ramping-up as we inaugurated new destinations in the US and Europe. Additionally, more of our fleet of fuel efficient Boeing 787 Dreamliners were brought into production. By the end of Q2 the airline had more than doubled capacity, with June being our first month of increased production, and notably our first month generating bottom line profits.

Q3 is expected to be our first financial quarter generating a profit. The move to profitability is driven primarily by having all 15 aircraft generating revenue for the first time, from July 1st; 10 of which are operating for Norse and five generating revenue through sublease income.

A milestone was passed during Q3 as we surpassed one million booked passengers. By providing affordable air fares on competitive and established routes to key primary airports and destinations, we allow more people to explore the world and enjoy the experience of long-haul travel whether for leisure or business. Norse will be the first truly low-cost profitable long-haul airline”.

For further information please see Q1 2023 report and company update presentation attached.

• Revenue increased by 152% quarter-on-quarter (“QoQ”) to USD 100.1 million

• 204,564 passengers carried, up 86% QoQ

• Revenue per passenger increased 89% QoQ to USD 422

• Available Seat Kilometres (ASK) up by 51% QoQ due to planned ramp-up as Norse brought more aircraft into production

• Positive EBITDAR of USD 2.2 million, the first positive EBITDAR on a quarterly basis since inception of the Company

• Intra-quarter Norse recorded its first profitable month (June) and continued positive momentum

into Q3

• Load factors showed strong development during the quarter, with monthly average load factors of 67%, 72% and 82% in April, May and June respectively. The positive development continued post quarter end with an average load factor of 85% in July

• USD 19.0 million cash generated from operations in the quarter, an increase of USD 39.8 million QoQ

• Total cash held at quarter end of USD 59.1 million

• As communicated in November 2022 in relation to a private placement at the time, Norse made good on its promise to shareholders that it would perform a repair offering, which it completed during the quarter, raising NOK 150 million gross (USD 14.1 million)

• Norse upgraded to Euronext Expand at Oslo Stock Exchange, a regulated market, during the quarter

• Heavy increase in production through Q3 compared to Q2 with all Norse aircraft generating revenue for the first time from 1st July 2023

Air Japan to Commence Service with Narita to Bangkok Route Starting February 2024

August 2, 2023 / WIL BALDWIN

Tokyo, Japan, August 2, 2023 – AirJapan, the new airline brand for medium-haul international routes under ANA HOLDINGS INC., will enter service with the launch of the Tokyo Narita-Bangkok route on February 9, 2024. The flights will depart from Narita Airport’s Terminal 1, offering convenient connections to flights operated by ANA Group airlines. Similarly, Suvarnabhumi Airport provides easy access to both connecting flights and the urban area of Bangkok.

“It is our hope that by launching AirJapan, we can showcase the very best of Japan from inside the cabin to enhance their travel journey,” said Hideki Mineguchi, President of AirJapan. “We are excited and eagerly anticipate welcoming passengers onboard to experience the exceptional journey that AirJapan offers.”

AirJapan will cater to the diverse needs of leisure and business travelers by offering a wide range of services and fare options, and aim to support the Japanese government’s target of attracting 60 million foreign visitors to Japan by 2030. Delivered under the concept of “Fly Thoughtful”, we invite you to experience a new style of travel that allows passengers to freely select and customize their services, with ANA Group’s quality of full service carrier (FSC) and convenience of low cost carrier (LCC).

First Lufthansa Boeing 787-9 Gets Ready for Delivery

June 3, 2022 / WIL BALDWIN

The Lufthansa Boeing 787-9 with the registration D-ABPA and the future name “Berlin” will be delivered to Lufthansa following certification by the FAA (Federal Aviation Administration) this summer.

The ultra-modern long-haul “Dreamliner” aircraft will consume an average of around 2.5 liters of kerosene per passenger and 100 kilometers flown. That is around 25 percent less than their predecessor aircraft. The CO2 emissions are also improved accordingly.

The Boeing 787-9 “Berlin” will have an improved cabin product – including direct aisle access for all guests in Business Class. Following several weeks of planned cabin refurbishments at Lufthansa’s maintenance in Frankfurt, the aircraft will be deployed initially on domestic German routes for training purposes. The first intercontinental scheduled destination of the Lufthansa “Dreamliner” will be Toronto.

In total, the Lufthansa Group has ordered 32 Boeing “Dreamliner” with delivery between 2022 and 2027.

French Bee Takes Delivery of its First A350-1000

December 19, 2021 / WIL BALDWIN

French bee, the low-cost, long-haul airline (Groupe Dubreuil member) based in France, has taken delivery of its first A350-1000, on lease from Air Lease Corporation (NYSE: AL), to join its fleet and make the airline an all-A350 fleet operator. The aircraft is the first of two A350-1000s to be operated by the carrier on route from Paris to Saint Denis de La Reunion Island in the Indian Ocean.

The A350-1000s will complement the four A350-900 aircraft already in the French bee fleet, providing the airline with operational flexibility and eco-efficient solutions for its network. The aircraft features 480 seats in a two-class layout (40 premium class and 440 economy class), providing all the comfort and amenities of Airbus’ Airspace cabin, including state-of-the-art, in-flight passenger entertainment (IFE) and full WiFi connectivity throughout the cabin. The A350 cabin is also the quietest of any twin-aisle aircraft.

The A350-1000, Airbus’ largest widebody in the twin-engine category, features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce Trent XWB-97 engines, allowing the airline to fly long-haul destinations up to 16,000 km (8,700nm).

QANTAS Says Buongiorno with Direct Flights Between Australia and Italy

December 14, 2021 / WIL BALDWIN

Qantas will reignite its love affair with Rome, adding direct flights from Australia to the eternal city from the middle of next year. From 22 June 2022, Qantas will operate the only direct service between Australia and continental Europe, flying three return Sydney-Perth-Rome flights per week to meet demand over the European holiday peak season.

The new flight will cut more than three hours off the current fastest travel time to Rome using the Boeing 787 Dreamliner, with cabins designed specifically for long haul travel.

Customers will be able to combine Qantas’ Rome flights with its double-daily direct flights between Australia and London, meaning they will be able to fly in and out of different cities on one return ticket through to October 2022.

The Rome service will also give customers another option for reaching onward destinations across the Mediterranean and southern Europe through Qantas’ network of partners.

Qantas Group CEO Alan Joyce said strong travel demand since borders re-opened had given the Flying Kangaroo confidence to explore new destinations as travelers look to make up for lost time.

The new route is expected to entice more visitors to Western Australia and Qantas will partner with Tourism Western Australia to boost inbound tourism from Europe into Perth and regional WA, as well as promote Perth as an ideal stopover for Australians travelling to Europe from the east coast.

Qantas recently started new flights from Sydney and Melbourne to Delhi and re-started a number of existing routes from Sydney and Melbourne to destinations including Los Angeles, London and Singapore.

Fares for the new Sydney-Perth-Rome flights go on sale today starting from $1785 return. Qantas will operate two Points Planes (bookable until 21 December 2021) for Frequent Flyers with every seat in every cabin available to book as a reward seat on the inaugural flight to Rome on 22 June and on the first flight departing Rome on 23 June.

The seasonal route will operate from 22 June until 6 October. Qantas will offer connections to 16 destinations in Europe including Athens, Barcelona, Frankfurt, Nice, Madrid and Paris and 15 destinations within Italy including Milan and Venice.

Vietjet Selects Rolls-Royce TotalCare to Support Trent 700 Powered A330 Aircraft

November 9, 2021 / WIL BALDWIN

Vietnamese airline Vietjet Aviation will operate Rolls-Royce (OTC: RYCEY) Trent 700 engine-powered Airbus A330 aircraft in its fleet. As part of the airline’s strategic fleet decision, these will be the first widebody aircraft to join its operations as it expands its network into long-haul operations. The selection is supported by a TotalCare long-term aftermarket engine maintenance agreement. The first aircraft is expected to enter into service in November 2021.

The Trent 700 is the only engine specifically designed for the A330 and is widely recognised for its outstanding efficiency and reliability. Since its launch in 1995, the Trent 700 has dominated the A330 fleet with more than 60 per cent market share and has logged more than 60 million hours in service to date.

Vietjet, which is Vietnam’s largest airline in terms of the total number of passengers transported domestically and the country’s second largest airline in terms of fleet size, currently has a fleet of 90 narrow-body aircraft. The airline’s ability to stay agile and financially resilient in 2020 has allowed Vietjet to navigate successfully through the market headwinds due to Covid-19 pandemic.

Supporting Vietjet’s business ambitions with the addition of its fleet for long-haul widebody operations, the Trent 700 delivers the best balance of attributes to achieve the maximum capability and efficiency on the A330. With a wide fuselage, well-established technology and sound economics, the airline aims to invest in additional A330 widebody aircraft in the next few years as part of its strategic fleet expansion plan.

SWISS Reports Marginally Positive Earnings for Third Quarter Quarter

November 4, 2021 / WIL BALDWIN

The coronavirus pandemic depressed earnings at Swiss International Air Lines (SWISS) in the first nine months of 2021, too. Following an extremely challenging winter period, however, spring 2021 saw a slight recovery in demand which then strengthened in the summer months.

Marginally positive Adjusted EBIT for the seasonally strong third quarter

SWISS witnessed a significant increase in air travel in the traditionally strongest third-quarter period which, thanks to a certain catch-up effect, extended into autumn. The company was able to raise its summer-months capacities to 55 per cent of their pre-crisis levels, and was able to sell the additional production, too. Third-quarter revenue rose by 91.0 per cent as a result, from the CHF 370.5 million of 2020 to CHF 707.8 million. The combination of higher production and sizeable cost reductions enabled SWISS to report an Adjusted EBIT of CHF 6.7 million for the period (Q3 2020: CHF -148.3 million). The positive third-quarter earnings reduced the operating loss for the first nine months of the year to CHF -391 million (Q1-3 2020: CHF -415 million), even though the first two months of 2020 had been unaffected by the coming crisis. Total revenue for the first nine months of 2021 was some 11 per cent down on the prior-year period at CHF 1.37 billion (Q1-3 2020: CHF 1.54 billion). Very strong demand on the cargo front continued to partially make up for the weak passenger business.

“We are delighted to have achieved a marginally positive earnings result for the third quarter of this year,” says SWISS CFO Markus Binkert. “We were able to both sell our increased capacities and further lower our costs over the summer months. But our third-quarter earnings result is still substantially below its pre-crisis levels.” For seasonal reasons, SWISS will be unable to emulate these positive quarterly earnings in the current fourth-quarter period, and the company expects to report a substantially negative earnings result for 2021 as a whole.

Restructuring measures initiated are having their effect

The actions taken under the ‘reach’ strategic restructuring programme to achieve recurring savings of some CHF 500 million are progressing according to plan. Five Airbus A330s have been temporarily stored to downsize the long-haul aircraft fleet. A reduction should also be effected in the short-haul fleet by withdrawing older aircraft of the Airbus A320 family earlier than planned and deferring deliveries of new Airbus A320neo family aircraft. The number of aircraft of other airlines operating SWISS services on SWISS’s behalf under wet-lease agreements should also be reduced. Two further new Airbus A320neo aircraft will be delivered to SWISS this year.

SWISS’s liquidity also continues to steadily improve. The company now expects to utilize no more than half of its bank credit facility, and is also confident of repaying such loans ahead of their maturity. “The actions we have taken under our restructuring are having their effect, and we are on track to overcome the crisis. With the revival in air travel worldwide, which has been further boosted by the announcement that the USA is opening up again, we now expect to be able to raise our capacities next year to at least 70 per cent of their pre-crisis levels,” says CFO Markus Binkert.

Strong passenger growth in the summer months

SWISS registered increases in its passenger numbers of 88.3 per cent for July, 123.7 per cent for August and 204.6 per cent for September 2021 compared to their prior-year periods. Systemwide seat load factor for the third-quarter period amounted to 66.4 per cent, on capacity that was at 55 per cent of its pre-crisis level. Seat load factors on SWISS’s European network remained higher than those on its intercontinental routes, though the latter were still a substantial improvement on their 2020 levels.

SWISS¹transported 3.7 million passengers in the first nine months of 2021, some 15.2 per cent²fewer than it had carried in the same period last year. A total of 35,264 flights were performed in the period, 14.6 per cent fewer than in January-to-September 2020. Nine-month systemwide capacity was 3.4 per cent down in available seat-kilometre (ASK) terms, while total traffic volume, measured in revenue passenger-kilometres (RPKs), saw a 23.7-per-cent decline. Nine-month systemwide seat load factor stood at 50.7 per cent, 13.5 percentage points below its prior-year level.

For the fourth quarter of 2021 SWISS will continue to offer more than 50 per cent of its pre-crisis capacities and thereby maintain a flight programme that is as stable and reliable as possible. Some 90 destinations are served from Zurich and Geneva in the current winter schedules – broadly the same number of points that were served before the present crisis, but with fewer frequencies. The aircraft providing these services also include three long-haul Boeing 777s which were temporarily converted to operate cargo-only flights in response to the pandemic, but which have now been converted back for regular passenger use.

¹Excluding Edelweiss Air

²In line with the provisions and practice of the Lufthansa Group, SWISS has modified the definitions used in its traffic volume reporting, with retroactive effect to 1 January 2021. This is also reflected in the corresponding year-on-year comparisons.

Airbus Receives First A320 Flight Hour Services Maintenance Contract in Europe

October 24, 2021 / WIL BALDWIN

Finnair has selected Airbus’s Flight Hour Services (FHS) to support its entire A320 Family fleet (35 aircraft), thus becoming the first European FHS customer for an A320 fleet.

Following recent contracts in Asia Pacific and the Middle East region, this first FHS agreement from Europe demonstrates the growing trust placed in Airbus’ maintenance by the hour services by airlines around the world, both for widebody and single aisle fleets.

Finnair will benefit from integrated material services including on-site-stock at their main base in Helsinki, access to Airbus’ mutualised spares pools and components engineering and repair services around the world. The FHS contract covers ‘nose to tail’ material services including for engine components.

Airbus will guarantee spare parts availability, generating value through increased fleet availability and operating maintenance costs savings.

The global Airbus fleet covered by FHS has increased by more than 25% over the past two years confirming the relevancy of flexible, power-by-hour solutions for airlines to secure efficient operations and contain costs.

Finnair is a long-standing Airbus customer. The airline is operating Airbus A320 Family aircraft on its network in Europe and Airbus A330 and A350 on long-haul flights.

SWISS Launches New Service for Long Haul Business Class, Adds Taste of Switzerland

September 1, 2021 / WIL BALDWIN

For six months from today onwards, Swiss International Air Lines (SWISS) will be offering Business and First Class travellers on its long-haul services from Switzerland selected creations from top Swiss-based chefs who have participated in the airline’s ‘SWISS Taste of Switzerland’ inflight culinary programme over the past few years. The dishes, which are accompanied as usual by Swiss regional wines and speciality cheeses, reflect the broad variety of Switzerland’s cuisine. Of the 70 guest chefs drawn from all the country’s cantons who have been spotlighted on board since the award-winning programme began back in 2002, Silvia Manser, Silvio Germann, Jean-Marc Soldati, Mike Wehrle, Thomas Amstutz, Hans-Jörg and Anja Zingg, Franck Reynaud, Christian Kuchler, Lorenzo Albrici and Rolf Hiltl are currently featured aloft.

Veal tenderloin with black truffle sauce and blueberry slice with Appenzeller beer ice cream in First Class

SWISS First travellers can look forward to two dishes from Mike Wehrle of Bürgenstock Hotels & Resorts: a starter of marinated lobster with pecorino cheese and cauliflower panna cotta, followed by veal tenderloin with black truffle sauce. The choice of main courses further includes sautéed cod with seafood nage and potato and fennel brandade, the creation of Silvio Germann of IGNIV by Andreas Caminada in Bad Ragaz. The SWISS First menu is rounded off by a choice of two desserts which includes a blueberry slice with chocolate crumble and Appenzeller beer ice cream by Silvia Manser of Restaurant Truube in Gais.

First Class guests are further treated to a selection of speciality Swiss cheeses that include an Aletsch Grand Cru from Canton Valais and a Swiss Style 10, which is Switzerland’s homage to Britain’s Stilton cheese. The choice of Swiss wines on offer extends to a Chasselas Clos du Boux 2020 Grand Cru Epesses from Luc Massy of Canton Vaud and a Ligornetto 2018 DOC Ticino red from Luigi Zanini of Canton Ticino.

Beetroot tabbouleh with green pea guacamole and ‘Meat Love’ meatloaf in Business Class

For SWISS Business travellers, the choice of SWISS Taste of Switzerland starters newly extends to a vegetarian option: a beetroot tabbouleh with green pea guacamole from Zurich’s Hiltl vegetarian restaurant, which is offered alongside a Balik salmon sashimi with avocado, cucumber and wasabi vinaigrette by Christian Kuchler of the Taverne zum Schäfli in Wigoltingen. Business Class guests have a choice of main courses, too, which includes a ‘Meat Love’ meatloaf with morel sauce created by Anja and Hans-Jörg Zingg of the el paradiso Mountain Club in St. Moritz. The menu concludes with the sweet delight of a cheesecake with chocolate sponge and citrus fruits by Franck Reynaud of the Hostellerie du Pas de l’Ours in Crans-Montana.

The speciality cheeses on offer to SWISS Business guests include a Passo dello Spluga from the Splügen Alpine Dairy and a Fette Berta by Ueli Moser from the Seeland region. The choice of Swiss wines extends to a Château de Châtagneréaz 2019 Chasselas from Canton Vaud and a Syrah Classique AOC 2019 from the Domaine Jean-René Germanier in Canton Valais.

A new Business Class service concept for a more individual flight experience

SWISS now also offers its Business Class travellers a new and more individualized service concept on all long-haul flights. In addition to the traditional ‘restaurant’ service in which the meals are served one course at a time, guests can now take advantage of a new ‘casual dining’ option in which they receive their starter, main course and dessert together and at a time of their choosing. The new service options, which are introduced today, enable the guest to tailor their inflight experience even more closely to their specific wishes and needs.

In a further innovation, the additional service shortly before landing has been replaced by a new ‘SWISS Bistro’ concept. This consists of a new bistro menu inviting guests to choose from a range of hot items (such as a Swiss prime beef burger with coleslaw salad), cold items and snacks according to their individual tastes and hunger at any time after the main service until shortly prior to landing.

Condor Picks Airbus A330neo for Fleet Modernization

August 5, 2021 / WIL BALDWIN

German airline Condor has chosen the A330neo to renew its long-haul fleet with plans to introduce 16 aircraft of this new and more efficient type. The airline has signed an agreement with Airbus for the purchase of seven Airbus A330neo, and intends to lease a further nine.

Condor is the latest airline to order Airbus’ state-of-the-art A330neo widebody aircraft, bringing a step-change in performance and economics. The airline will operate the A330neo on its international long-haul network to the Americas, Africa, the Caribbean and Asia.

The Airbus A330neo is a true next-generation aircraft, incorporating the latest A350 technologies, with A330 profitability and Airbus commonality. Equipped with the stunning Airspace cabin, the A330neo offers a unique passenger experience, brimming with the latest in-flight entertainment systems and connectivity.

The A330neo is powered by Rolls-Royce Trent 7000 engines and features a new wing with increased span and A350-inspired winglets. The aircraft also provides an unprecedented level of efficiency, with 25% lower fuel-burn and CO2 emissions per seat than previous-generation competitors. Thanks to its tailored, mid-sized capacity and excellent range versatility, the A330neo is considered the ideal aircraft to support operators in their post-COVID-19 recovery.

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