NEW YORK, N.Y. (BUSINESS WIRE) – JetBlue (NASDAQ: JBLU) today announced it has reached a new tentative agreement with the Transport Workers Union (TWU) for JetBlue’s inflight crew members.
“We’re pleased to share that the JetBlue and TWU negotiating committees have reached a new tentative agreement,” said Ed Baklor, head of customer care and programs, JetBlue. “Our inflight crewmembers have been on the frontline supporting and protecting JetBlue’s operation and our customers through the COVID-19 pandemic, and I am proud of the TWU and JetBlue teams for recognizing our environment and coming to the table with solutions. We look forward to bringing this contract to a vote with our inflight crewmembers.”
Rolls-Royce (LSE: RR.L) announced today that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has today been established, to bring forward and deliver at scale the next generation of low cost, low carbon nuclear power technology.
Rolls-Royce Group, BNF Resources UK Limited and Exelon Generation Limited will invest £195m across a period of around three years. The funding will enable the business to secure grant funding of £210 million from UK Research and Innovation funding, first announced by the UK Prime Minister in ‘The Ten Point Plan for a Green Industrial Revolution’. Today’s announcement is another step towards the delivery of the Government’s net zero strategy and its 10-point plan.
The business, which will continue to seek further investment, will now proceed rapidly with a range of parallel delivery activities, including entry to the UK Generic Design Assessment (GDA) process and identifying sites for the factories which will manufacture the modules that enable on-site assembly of the power plants. Discussions will also continue with the UK Government on identifying the delivery models that will enable long-term investment in this vital, net-zero enabling technology. Rolls-Royce SMR is engaging with export customers across many continents who need this technology to meet their own net zero commitments.
Rolls-Royce SMR is using proven nuclear technology, coupled with a unique factory-made module manufacturing and on-site assembly system, to harness decades of British engineering, design and manufacturing knowhow. It brings together the best of UK industry to ensure a decarbonisation solution that will be available to the UK grid in the early 2030s. The potential for this to be a leading global export for the UK is unprecedented.
Nine-tenths of an individual Rolls-Royce SMR power plant will be built or assembled in factory conditions and around 80% could be delivered by a UK supply chain – a unique offering in energy infrastructure in the UK. Much of the venture’s investment is expected to be focused in the North of the UK, where there is significant existing nuclear expertise
A single Rolls-Royce SMR power station will occupy the footprint of two football pitches and power approximately one million homes. It can support both on-grid electricity and a range of off-grid clean energy solutions, enabling the decarbonisation of industrial processes and the production of clean fuels, such as sustainable aviation fuels (SAF) and green hydrogen, to support the energy transition in the wider heat and transportation sectors.
São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.
HIGHLIGHTS
• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;
• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;
• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;
• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);
• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;
• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;
• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.
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NEW YORK/WASHINGTON, Oct. 26, 2021 – United Airlines (Nasdaq: UAL) is making travel between New York City and Washington D.C. easier and more convenient, announcing today it will launch new nearly hourly shuttle service between New York/Newark Liberty International Airport and Reagan National Airport on Oct. 31, and is adding five new flights between LaGuardia Airport and Washington Dulles Airport. In total, United will operate about 32 flights each day between the NYC and D.C. areas, a 78% increase and the most flights of any other airline.
United Airlines is also giving all of its New York City customers an upgrade: starting October 31, all of the airline’s departures from New York/Newark Liberty International Airport, John F. Kennedy International Airport and LaGuardia Airport will include a first-class option, including the 737 MAX-8 and the CRJ-550 – the world’s first 50-seat regional jet with first-class seats and amenities. United will now offer over 7,000 premium seats to customers in New York City, more than any other airline, and the most in the airline’s history. United’s CRJ-550 is the world’s first 50-seat regional aircraft designed to offer first class seats and amenities. Originally designed to seat 70 plus passengers, United’s CRJ-550 configuration maximizes customer comfort and has revolutionized the regional flying experience with features like:
• 10 seats in United FirstSM, 20 seats in Economy Plus®, and 20 economy seats
• Space for every customer to bring a roller bag on board.
• A self-serve refreshment center for United First customers, featuring a wide assortment of pre-packaged snacks and beverages.
• More overall legroom per seat than any other 50-seat aircraft flown by a U.S. airline.
• The ability to stay connected while inflight with United Wi-Fi.
• Complimentary personal device entertainment service, which enables passengers to view hundreds of movies and television shows in flight.
United is giving customers more choice than ever before when selecting their preferred onboard experience and providing MileagePlus® members more opportunity for upgrades. United will be flying its new 737-MAX-8 on 22 daily flights from the NYC-area. Featuring 16 United First seats and 54 Economy Plus seats – more than double the number of extra leg room seats offered by competing airlines on similar-sized aircraft. Customers have the opportunity to enjoy seatback entertainment in every seat, Bluetooth connectivity, larger overhead bins, and the industry’s fastest available Wi-Fi elevating the flying experience to a new standard.
United’s new shuttle service between New York/Newark Liberty International Airport and Reagan National Airport will operate seven days a week, with 18 flights offering nearly hourly service between 6AM and 10PM, more frequency than any other airline. The airline will also operate five daily flights between New York/Newark Liberty International Airport and Washington Dulles Airport. The new flights between LaGuardia Airport and Washington Dulles Airport will bring the daily flight count to nine and provide consistent service seven days a week between 6AM and 10PM.
Tickets for all of these flights are available for sale now at United.com.
JetBlue Airways (Nasdaq: JBLU) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $1.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 36.84%. A quarter ago, it was expected that this airline would post a loss of $0.73 per share when it actually produced a loss of $0.64, delivering a surprise of 12.33%.
JOHNSTOWN, Pennsylvania, Sept. 2, 2021 — Lockheed Martin (NYSE: LMT) announced today it would bring new F-16 manufacturing work to its facility in Johnstown, Pennsylvania. The work will generate 80 new jobs in the city and the company plans to lease a new building to accommodate it.
Wayne Davis, director at Lockheed Martin’s Johnstown site, says Lockheed Martin continues to see demand for new F-16s around the world, requiring development of additional parts manufacturing sites to ensure it can keep up with demand.
F-16 parts to be produced in Johnstown include the aft engine access covers, engine access doors, F-1 fuel tank, and inlet. Upon completion in Johnstown, the parts will be shipped to Greenville, South Carolina, for final assembly and integration into the F-16s on the production line. This is in addition to F-16 component and sub-assembly work already performed at the site today.
Early work in Johnstown will kick off this year, with the bulk of hiring and other significant efforts beginning in 2022. In addition to the F-16 work, the Johnstown facility also provides parts and services for the F-35 and F-22 fighter jets, and the C-130 military transport aircraft.
In addition to the nearly 400 jobs already in place at the site today, Lockheed Martin maintains a strong presence in the Johnstown community, giving more than $42,000 to local organizations and efforts last year.
DEARBORN, Michigan, September 1, 2021 – Ford (NYSE: F) Ranger fans, the Splash is back. The much-loved special appearance package from the 1990’s is making a comeback, reimagined for today and starting with the 2022 Ford Ranger Splash Package.
Splash will come in two styles, the Splash Package and Splash Limited Edition. The Splash Package will be available all model year and comes with body-side orange and black graphics and special 18-inch 12-spoke wheels finished in matte black. Ranger Splash includes orange grille nostrils, plus gloss black accents on the grille, bumpers, rearview mirror caps, wheel lip moldings and fender vents. The interior features exclusive seats with orange contrast stitching and unique carbon grain with tuxedo stripes – leather-trimmed in Lariat. Orange contrast stitching also appears on the steering wheel, gear shifter and parking brake boot. Lariat models get orange accent stitching on front and rear armrests and on the dash top.
The Splash Package can be combined with the FX2 or FX4 Package to add more off-road capability to its distinctive looks.
Ford will also bring a fresh dash of color by revealing Splash Limited Edition trucks every few months in a series of one-time-only hues with just a few hundred vehicles available. It also features 18-inch matte black wheels and a unique combination of exterior and interior content and finishes. The Splash – Snow Edition kicks off the first batch.
Ranger Splash Package will be available for SuperCrew models optioned in XLT and Lariat trim series, priced at $1,495 with deliveries starting at the end of the year. Ranger is proudly built at Michigan Assembly Plant in Wayne, Michigan.
Japan Airlines (JAL) has requested for approval from Japan`s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to set the level of fuel surcharge on international passenger tickets purchased in Japan between October 1 and November 30, 2021.
JAL sets fuel surcharge levels bimonthly based on the two-month average price of Singapore kerosene-type jet fuel. The price of Singapore kerosene-type jet fuel during the two-month period of June and July 2021 averaged USD76.67 per barrel, which accounted for JPY8,449 in the average exchange rate of JPY/USD 110.19 during the same period.
As a result, with reference to the fuel surcharge benchmark list for FY2021, this corresponds to Zone C. From October 1 to November 30, 2021, the fuel surcharge will range from JPY600 on a Japan-Korea ticket to JPY11,600 on a Japan-USA ticket per person per sector flown, for travel originating in Japan.
Fuel Surcharge for the period: October 1 ~ November 30, 2021
(*1) Russia -> Irkutsk (*2) Russia -> Novosibirsk – For full details about JAL’s fuel surcharge policy, please refer to http://www.jal.co.jp/en/inter/if.html – The surcharge applies to flights operated by Japan Airlines as well as code-share flights operated by other airlines. – The planned level of fuel surcharge is subject to government approval.
Virgin Australia will introduce two new direct services ahead of the September school holidays as the airline pivots its network schedule to reconnect Australia in new ways.
The new services, focussed on markets with open borders, include the resumption of flights between Adelaide – Darwin from 6 September and the introduction of a brand-new direct service, never before operated in the airline’s 21-year history, between Adelaide – Launceston, commencing on 7 September.
To kickstart the launch of the services, Virgin Australia is offering the following one-way Economy sale fares from today until midnight this Friday 13 August or until sold-out:
Adelaide – Launceston from $59
Adelaide – Darwin from $119
And for customers looking to travel at the pointy end, Virgin Australia will continue to sell their great value Business Class fares on these services:
Adelaide – Launceston from $299
Adelaide – Darwin from $529
Along with checked baggage and seat selection included in all airfares, Virgin Australia is also offering double Velocity Frequent Flyer Status Credits on all new eligible bookings (excluding Getaway fares) made by midnight tomorrow (Tuesday 10 August).
Virgin Australia customers who hold travel credits or Future Flight credits are also encouraged to take advantage of the great value fares which are expected to sell-out quickly.
