Just six months after their first E2 order, Congo Airways has placed a firm order for two E195-E2 jets. This is in addition to their existing two aircraft order for the smaller E190-E2. The four aircraft deal has a total value of USD 272 million at current list prices. This new firm order will be included in Embraer’s 2020 fourth quarter backlog.
Desire Bantu, CEO of Congo Airways said, “We see an opportunity in our market and the crisis we are all facing for Congo Airways to emerge stronger – which is why we are not waiting to place this further order. These new jets will allow us to extend our passenger and cargo operations regionally to high demand destinations such as Cape Town, Johannesburg, and Abidjan. As we prepare for future success, we will have the flexibility, and the right sized, most efficient aircraft, to serve our customers as the market returns.”
“Africa has for too long been thought of as a market of mostly low frequencies and long thin routes. As airlines start ramp up their operations, the E2 family of aircraft is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels,” said Cesar Pereira, vice president of Europe, Middle East and Africa, Embraer Commercial Aviation. “Congo Airways will benefit from the flexibility provided by the common cockpit on the E2 jet family meaning their flight crews can transition seamlessly between variants.”
The E195-E2 will be configured in a dual class 120 seat layout, 12 in business, 108 in economy. An additional 25% capacity when compared to the 96-seat configuration chosen by Congo Airways for their E190-E2s. The E2 deliveries are expected to begin in 2022 with Embraer and Congo Airways continuing to review the potential to anticipate the beginning of the deliveries. There are currently 206 Embraer aircraft operating in Africa with 56 airlines in 29 countries.
Alaska Airlines continues to strengthen its presence at one of the airline’s key hubs in Anchorage with new nonstop service to three “sun and fun” destinations – Las Vegas, Denver and San Francisco – and the expansion to year-round service to a popular fourth destination, Phoenix.
Come this summer, Alaska will fly eight nonstops from Anchorage to these destinations in the Lower 48: Chicago O’Hare, Denver, Las Vegas, Los Angeles, San Francisco, Seattle, Phoenix and Portland. Four of the cities on the West Coast are also Alaska hubs, which allow for improved connectivity for guests traveling to other locations.
The newly announced routes will connect Anchorage to more places that offer warm sunshine, big city vibes and the sky’s the limit on what to do. New service to Las Vegas, Denver and San Francisco begins this summer; the Las Vegas flight will be offered year-round with seasonal flights to Denver and San Francisco. The current seasonal flight between Anchorage and Phoenix will now fly year-round.
The Anchorage-San Francisco flight – first announced in August 2019 – was scheduled to start in April 2020, but it was delayed due to the pandemic.
Tickets for the new routes are now on sale at alaskaair.com.
“The demand for leisure travel in 2021 is beginning to return as our guests look ahead, and we’re offering even more nonstops to take Alaskans to the places they want to go,” said Marilyn Romano, Alaska Airlines’ regional vice president. “We believe our guests will love the convenient nonstops to Vegas, Denver and San Francisco, in addition to our daily nonstop flight to Phoenix that’s now set to fly year-round.”
Start Date
End Date
City Pair
Frequency
Aircraft
May 20, 2021
Year-round
Anchorage – Las Vegas
Th, F, Sa, Su
737
June 17, 2021
Aug. 16, 2021
Anchorage – Denver
Daily
737
June 17, 2021
Aug. 16, 2021
Anchorage – San Francisco
Daily
737
Year-round
Year-round
Anchorage – Phoenix
Daily
737
In addition to Alaska’s continuing commitment to service at Anchorage, the airline partners with non-profit organizations throughout the state focused on helping those impacted by the pandemic. Alaska Airlines and Alaska Air Cargo are currently supporting residents across the state by transporting COVID-19 vaccines, including to some of the most remote communities in the U.S.
“More than 1,800 Alaska Airlines employees call Alaska home, making our connections to the communities we serve here very personal. We’re here in good times and in difficult times,” said Romano. “We’re honored to play our role to make sure this life-saving vaccine gets to the people who need it most as quickly and safely as possible.”
Qantas has today announced a major expansion to its regional network, adding seven new routes across New South Wales, South Australia and Victoria, in response to customer demand.
The announcement means Qantas will be flying to five more destinations across Australia than it was pre-COVID (up from 57 to 62). The airline also today begins flying direct from Sydney to Merimbula on the New South Wales Sapphire Coast for the first time.
NEW ROUTES
Route
Start date
Frequency (return flights per week)
Sydney – Griffith
1 Feb 2021
Daily
Melbourne – Newcastle
1 Feb 2021
Twelve
Melbourne – Merimbula
1 Feb 2021
Four
Melbourne – Mount Gambier
28 March 2021
Five
Melbourne – Wagga Wagga
28 March 2021
Four
Melbourne – Albury
28 March 2021
Four
Adelaide – Mount Gambier
28 March 2021
Five
Qantas is offering special fares for flights on the new routes from $125 one-way, available at qantas.com or through Travel Agents, until 20 December 2020, unless sold out prior.
The flights will largely be operated by the airline’s 50-seat Q300 turboprop aircraft, with upgraded cabin interiors, adding more than 320,000 seats to these regional destinations each year.
Qantas has already introduced a number of initiatives to encourage customers to book with greater flexibility, as well as to improve safety and peace-of-mind when travelling domestically through its Fly Well program.
ADDITIONAL FLIGHTS
– Melbourne-Gold Coast weekly flights will double – from daily to twice daily – from April 2021 with the new schedule to cater for both corporate and leisure travellers.
– Sydney-Orange flights will increase from three days per week to daily from February 2021.
– Melbourne-Launceston flights will be upgraded from a Q400 aircraft to a larger Boeing 717, adding more than 400 seats on the route each week.
– A number of seasonal routes originally scheduled for the summer have been extended to operate year-round, including Perth-Hobart, Canberra-Hobart, Sydney-Merimbula and Brisbane-Port Macquarie.
QantasLink CEO John Gissing said these new routes were a great opportunity for travellers to explore the best of regional Australia.
“As the national carrier, we have an important role to play in driving tourism and supporting the industry’s recovery,” said Mr Gissing.
“Before COVID, more than 11 million Australians travelled overseas each year, so these flights will help convert some of these international trips into domestic holidays instead.
“We know there is significant pent up demand for travel. These new flights will help more Australians explore some of the incredible places in their own backyard and drive tourism, which is so vital to the local economies of regional areas.
“We’ll be promoting these new flights to millions of our frequent flyers across the country in the lead up to the flights commencing next year.
“We’re also pleased to be able to offer locals more choice and competitive fares on these routes, most of which have been monopolies for years.”
Since domestic border restrictions started to ease in July, Qantas has announced or commenced flying on 13 new routes across Australia. Today’s announcement brings that number to 20.
Qantas has been progressively “waking up” its domestic and regional aircraft to support this new flying, with the vast majority of the airline’s regional fleet expected to be operational by early 2021.
“All our aircraft carry fixed costs, regardless of whether they’re grounded or not. We’d rather get as many aircraft back in the air as we can because it’s better for our business, our customers and gets more of our people back to work,” added Mr Gissing.
Qantas flights continue to have complimentary baggage and food and drink included with every seat. The airline has now opened 30 of its 35 domestic and regional lounges across its network.
Today is the last day to register for Qantas’ Status Fast Track initiative that has seen thousands of members from other airlines switching to Qantas Frequent Flyer to take advantage of the national carrier’s extensive lounge and flying network.
Qantas is also offering customers the opportunity to join its Frequent Flyer program for free until 31 January 2021 via qantas.com/freejoin. Travellers will be able to earn Qantas Points and Status Credits on the new routes as well as using their points to book flights.
Boeing [NYSE: BA] and Ryanair announced today that Europe’s largest airline is placing a firm order for 75 additional 737 MAX airplanes, increasing its order book to 210 jets. Ryanair again selected the 737 8-200, a higher-capacity version of the 737-8, citing the airplane’s additional seats and improved fuel efficiency and environmental performance.
“Ryanair’s board and people are confident that our customers will love these new aircraft. Passengers will enjoy the new interiors, more generous leg room, lower fuel consumption and quieter noise performance. And, most of all, our customers will love the lower fares, which these aircraft will enable Ryanair to offer starting in 2021 and for the next decade, as Ryanair leads the recovery of Europe’s aviation and tourism industries,” said Ryanair Group CEO Michael O’Leary.
O’Leary and Ryanair leaders joined the Boeing team for a signing ceremony in Washington, D.C. Both companies acknowledged COVID-19’s impacts on air traffic in the near-term, but expressed confidence in the resilience and strength of the passenger demand over the long term.
“As soon as the COVID-19 virus recedes – and it likely will in 2021 with the rollout of multiple effective vaccines – Ryanair and our partner airports across Europe will – with these environmentally efficient aircraft – rapidly restore flights and schedules, recover lost traffic and help the nations of Europe recover their tourism industries, and get young people back to work across the cities, beaches and ski resorts of the European Union,” O’Leary said.
Ryanair is the launch customer for the high-capacity 737-8 variant, having placed its first order for 100 airplanes and 100 options in late 2014, followed by firm orders of 10 airplanes in 2017 and 25 in 2018. The 737 8-200 will enable Ryanair to configure its aircraft with 197 seats, increasing revenue potential, and reduce fuel consumption by 16 percent compared to the airline’s previous airplanes.
Boeing [NYSE: BA] today released its biennial World Air Cargo Forecast (WACF), reflecting COVID-19 impacts and opportunities as well as substantial long-term demand for freighters over the next two decades.
Enabled by a rebound in global trade and long-term growth, the WACF forecasts demand for 2,430 freighters over the next 20 years, including 930 new production freighters and 1,500 freighters converted from passenger airplanes.
According to the new forecast, world air cargo traffic will grow at 4% per year over the next 20 years. This growth is influenced by trade and growing express shipments to support expanding e-commerce operations. With these developments and the proven need for dedicated freighter capacity to support the world’s transportation system, the global air cargo fleet is expected to grow by more than 60% through 2039.
“Freighter operators have been in a unique position in 2020 to meet market requirements for speed, reliability and security, transporting medical supplies and other goods for people and communities around the world,” said Darren Hulst, vice president of Commercial Marketing. “Looking ahead, dedicated freighters will be even more critical to compete in air cargo markets; they carry more than half of air cargo traffic, and airlines operating them earn nearly 90% of air cargo industry revenue.”
In addition to projecting long-term demand for freighters, the WACF provides insights into air cargo performance during the pandemic, including the following:
– E-commerce, which was growing at double-digit rates prior to the pandemic, has accelerated its impact on the air cargo market as more businesses shifted to online selling platforms. Year to date through September, express carriers increased traffic by 14%
– Passenger belly cargo, which in 2019 accounted for about half of the world air cargo capacity, was significantly reduced when airlines parked thousands of planes. Freighter operators responded by operating above normal utilization levels, and traffic for all-cargo carriers grew 6%
– So far in 2020, approximately 200 airlines used more than 2,000 passenger widebody aircraft for cargo-only operations to generate cash flow and support global supply chains. These passenger freighters have taken up some of the capacity shortfall and, in some cases, generated quarterly profits for carriers despite minimal passenger operations
PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) — Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.
Forward-Looking Statements
Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Tesla disclaims any obligation to update this information.
Swiss International Air Lines is carrying a greater variety of cargo in passenger cabins after four months of only being allowed to use the upper deck for shipments of COVID-19-related medical supplies.
Swiss Air Lines’ cargo division said it recently received approval from the Swiss aviation agency to transport general cargo in the cabin. Swiss flew its first flight a week ago from Dubai International Airport to Zurich with garments and other fashion-related goods in the passenger area.
The Lufthansa Group subsidiary has used widebody aircraft exclusively for cargo purposes since late March, but nontraditional use of cabin space was limited to medical supplies such as face masks and surgical gloves, as well as medicines and related humanitarian goods used to combat the novel coronavirus.
Swiss WorldCargo has the option of putting boxes of personal protective equipment, and now other products, in the seats and overhead bins of many aircraft or on the floor of three Boeing 777-300s that have had their Economy seats removed.
New promotions reward loyal guests with quicker ways to earn elite status and more miles
Starting today, Alaska Airlines customers and members of the award-winning Mileage Plan have three new promotions to enjoy. In addition to guaranteeing 2020 elite status through 2021, the airline is extending a 50% bonus of elite qualifying miles for flights taken through the end of the year. Plus, for the first time ever, Alaska Airlines Visa® cardholders can use their card to earn elite qualifying miles, and consumer cardholders can earn double miles for qualifying restaurant purchases.
“We are thankful to our loyal guests for their support during this unprecedented time,” said Ryan Butz, Alaska’s managing director of loyalty. “In addition to continuing to offer flexibility and assurance when booking flights, members can now earn miles and status when using our Alaska Airlines Visa credit card. We look forward to seeing our guests onboard when the time is right and hope this promotion can aid local restaurants and economies.”
50% Bonus of Elite Qualifying Miles – Limited Time Offer
For all flights completed June 1 through Dec. 31, 2020, Alaska Airlines Mileage Plan members will receive a 50% bonus of elite qualifying miles to help earn higher elite status more quickly. (*Registration isn’t required for this special, limited time offer.)
Alaska Airlines Visa Cardholders – First Time Limited Time Offers
Earn toward status while you spend. Cardholders can earn 2,500 elite qualifying miles for every $5,000 spent on purchases with an Alaska Airlines consumer or business Visa card from June 1 through Sept. 30, 2020, up to a maximum of 10,000 elite qualifying miles per cardholder.
Want to support your favorite local restaurants? Alaska Visa consumer cardholders can earn two miles for every dollar spent, up to $1,500, at restaurants and take-out, including delivery services from June 1 through July 31, 2020.
Alaska’s Mileage Plan features 16 global partners, which fly to more than 800 destinations around the world.
Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America, providing essential air service for our guests along with moving crucial cargo shipments, such as food, medicine, mail and e-commerce deliveries. With hubs in Seattle; San Francisco; Los Angeles; Portland, Oregon; and Anchorage, Alaska, the airline is known for low fares, award-winning customer service and sustainability efforts. With Alaska and its Global Partners, guests can earn and redeem miles on flights to more than 800 destinations worldwide.
Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).
Medallion Members will be able to enjoy their current Status through 2021
Other program and card benefits will be extended between six months and one year
Delta SkyMiles Medallion Members will enjoy the same loyalty benefits throughout 2021 as they have in 2020. The 12-month Status extension is part of Delta’s work to offer greater flexibility as coronavirus impacts travel plans, so customers can rest assured their Status will be there when they’re ready to fly.
“On behalf of all of us at Delta, I want to thank our customers for your continued loyalty during these unprecedented times. While our focus is on keeping customers and employees safe and healthy today and always, you are a part of the Delta family and we know how important these benefits are to you,” said Sandeep Dube, Delta’s Senior Vice President – Customer Engagement and Loyalty, and CEO of Delta Vacations. “That’s why as coronavirus continues to dramatically impact travel across the globe, you don’t have to worry about your benefits – they’ll be extended so you can enjoy them when you are ready to travel again.”
The following updates will happen automatically over the coming weeks, with no action needed from customers.
Medallion Members:
All Medallion Status for 2020 will be automatically extended for the 2021 Medallion Year.
All Medallion Qualification Miles (MQMs) from 2020 are being rolled over to 2021 to qualify for 2022 Medallion Status.
Delta Sky Club Individual and Executive memberships with an expiration of March 1, 2020, or later will receive six additional months of Delta Sky Club access beyond their expiration date.
Delta SkyMiles American Express Card Members:
If you have one of the following in your SkyMiles profile “My Wallet” that is valid now or has expired since March 1, 2020, we are extending the expiration dates to give you additional time to enjoy your benefits:
Delta SkyMiles Gold Card Members with a $100 Delta flight credit will get a six-month extension beyond their current expiration date.
Delta SkyMiles Platinum Card Members with Companion Certificates with an original expiration date between March 1 and June 30, 2020, can use them when they book and fly by Dec. 31, 2020, and those that expire between July 1, 2020, and April 1, 2021, will receive an additional six months beyond the current expiration date.
Delta SkyMiles Reserve Card Members with Companion Certificates with an original expiration date between March 1 and June 30, 2020, can use them when they book and fly by Dec. 31, 2020, and those that expire between July 1, 2020, and April 1, 2021, will receive an additional six months beyond the current expiration date.
Delta SkyMiles Reserve Card Members will also get a six-month extension to use their Delta Sky Club One-Time Guest Passes beyond their current expiration date.
SkyMiles Members:
If you have one of the following in your SkyMiles profile “My Wallet” that is valid now or has expired since March 1, 2020, we are extending the expiration dates to give you additional time to enjoy your benefits:
Upgrade Certificates or $200 Travel Vouchers with an original expiration date between March 1 and June 30, 2020, are extended – now, they can be booked and flown by Dec. 31, 2020. And, SkyMiles Members with Upgrade Certificates or $200 Travel Vouchers that expire after June 30, 2020, will receive an additional six months beyond the current expiration date.
SkyMiles Select members will receive a six-month extension to the Priority Boarding benefit and any unused drink vouchers.
“We are continuously monitoring how coronavirus impacts travel and will make additional adjustments to support our customers’ needs as the pandemic evolves,” said Dube.
SkyMiles Members enrolled in a challenge or promotion to earn Medallion Status, such as the Status Match Challenge, Reclaim My Status or a promotion offered through their employer, can restart that promotion when they are ready to travel again. Those Members will receive next steps from Delta in the coming weeks.
Due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak, Air New Zealand has today announced that it will be withdrawing the full year 2020 earnings guidance it issued to the market on 24 February 2020 and reconfirmed at its interim results announcement on 27 February 2020.
Air New Zealand has taken numerous steps to mitigate the impact of reduced demand resulting from Covid-19, including reducing capacity on its Asia, Tasman and Domestic networks, redeploying its fuel efficient 787 Dreamliner fleet to drive operational efficiencies and using tactical pricing to stimulate demand on the impacted sectors. However, the airline now believes that the financial impact is likely to be more significant than previously estimated and with the situation evolving at such a rapid pace, the airline is not in a position to provide an earnings outlook to the market at this time. An update on earnings expectations will be provided when appropriate.
Over the course of the past week the airline has seen additional softness in demand with a decline in bookings across its network. The further spread of Covid-19 to countries outside of China, including New Zealand, has driven a downward shift in demand.
Chief Executive Officer Greg Foran says that it is increasingly clear that Covid-19 has created an unprecedented situation and it is difficult to predict future demand patterns.
“We have been continuously monitoring bookings and in recent days have seen a further decline which coincides with media coverage of the spread of Covid-19 to most countries on our network as well as here in New Zealand,” says Mr Foran.
In response the airline has implemented further capacity reductions to its network, which include extending the suspension of its Shanghai service through to the end of April, and additional consolidation of services across the Tasman, Pacific Islands and Domestic network in March and April.
As a result of these actions, Air New Zealand has reduced total capacity into Asia by 26 percent, and total overall network capacity by approximately 10 percent since the outbreak of Covid-19 started.
Like the vast majority of its industry peers, the airline is also pursuing a range of mitigations in response to the swift decline of demand. These include the deferral of non-urgent capital spend and non-critical business activity across operational and corporate functions.
Chief Executive Officer Greg Foran has voluntarily offered to reduce his base pay of $1.65 million by approximately 15% ($250,000) with the support of the Board, and Air New Zealand’s Executive team will extend their salary freeze that has been in place since May 2019. On top of this, the airline has implemented a hiring freeze for all roles that are non-critical and will offer operational staff the option to take unpaid leave in addition to managing annual leave balances.
“Air New Zealand is a strong and resilient business operated by a world-class team with deep experience having navigated prior shocks to our business and industry. While we have already made swift adjustments to our operations, we are prepared to take further actions to address the ongoing demand impact of Covid-19,” says Mr Foran.
Summary of Air New Zealand’s response since the Covid-19 outbreak
Overall capacity reductions of approximately 10% across the network, including: – Asia capacity reduction of 26% through June, including extension of Shanghai route suspension through April – Tasman capacity reductions of 7% through June – Pacific Islands capacity reductions of 6% through June – Reductions across the Domestic network of approximately 4%, with a 10% to 15% reduction in March and April
Various labour initiatives including a voluntary reduction in CEO pay, a hiring freeze for all non-critical roles and voluntary unpaid leave for operational staff
Deferral of non-urgent capital spend and any non-critical business activity
