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United Airlines Announces 2020 Financial Results

January 20, 2021 / WIL BALDWIN

CHICAGO, Jan. 20, 2021 /PRNewswire/ — United Airlines (NASDAQ: UAL) today announced fourth-quarter and full-year 2020 financial results. The company continues its efforts to lead the industry as it manages the most disruptive crisis in aviation history.

Since the beginning of the COVID-19 crisis, United has raised over $26 billion in liquidity and made important progress in reducing core cash burn (see detailed chart below) to ensure the company’s survival. Over the last three quarters, the company has identified $1.4 billion of annual cost savings and has a path to achieve at least $2.0 billion in structural reductions moving forward. United ended 2020 with $19.7 billion in available liquidity¹, including an undrawn revolver capacity and funds available under the CARES Act loan program from the U.S. Treasury.

Having stabilized its financial foundation, the company expects 2021 to be a transition year that’s focused on preparing for a recovery. United has resumed heavy maintenance and engine overhauls, investments that are essential to recovery when demand returns. The combination of structural cost reduction and timely investments will help set up United to exceed its 2019 adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margin in 2023. The company expressed high confidence that it would achieve this target by 2023 – and said its ongoing recovery planning would help ensure the company was equipped to reach this level even sooner, if demand returns more quickly.

“Aggressively managing the challenges of 2020 depended on our innovation and fast-paced decision making. But, the truth is that COVID-19 has changed United Airlines forever,” said United Airlines CEO Scott Kirby. “The passion, teamwork and perseverance that the United team showed in 2020 is exactly what will help us build a new United Airlines that’s better, stronger and more profitable than ever. I could not be prouder of – and more grateful to – this team, which is going to lead us there.”

Click the link below to see the full press release!

https://hub.united.com/2021-01-20-united-announces-2020-financial-results-2021-will-focus-on-transition-to-recovery-expects-to-exceed-2019-adjusted-ebitda-margin-by-2023-2650045521.html

Allegiant Airlines Announces Major Service Expansion

January 15, 2021 / WIL BALDWIN

Allegiant (NASDAQ: ALGT) today announces 21 new nonstop routes, including nine routes to three new cities: Portland, Oregon; Key West, Florida, and Jackson Hole, Wyoming. Included as part of today’s announcement are eight routes that were delayed in 2020 due to the COVID-19 pandemic.

“Today, travelers are seeking destinations that allow them the chance to recreate in a safe way, usually outdoors,” said Drew Wells, Allegiant’s vice president of revenue and planning. “The three cities we’re adding to our network – Key West, Portland and Jackson Hole – are gateways to some of the United States’ most scenic destinations, including national parks and other outdoor attractions that are in high demand.”

New service from Jackson Hole Airport (JAC) includes:

Los Angeles, California via Los Angeles International Airport (LAX) – beginning June 2, 2021.
Phoenix, Arizona via Phoenix Mesa Gateway Airport (AZA) – beginning June 2, 2021.
Las Vegas, Nevada via McCarran International Airport (LAS) – beginning June 4, 2021.
Reno, Nevada via Reno-Tahoe International Airport (RNO) – beginning June 4, 2021.

New service from Key West International Airport (EYW) includes:

Nashville, Tennessee via Nashville International Airport (BNA) – beginning June 2, 2021.
Sanford, Florida via Orlando Sanford International Airport (SFB) – beginning June 4, 2021.

New service from Portland International Airport (PDX) includes:

Santa Maria, California via Santa Maria Airport (SMX) – beginning April 15, 2021.
Monterey, California via Monterey Regional Airport (MRY) – beginning May 28, 2021.
Idaho Falls, Idaho via Idaho Falls Regional Airport (IDA) – beginning May 28, 2021.

New service from General Wayne A. Downing International Airport (PIA) includes:

Sarasota, Florida via Sarasota-Bradenton International Airport (SRQ) – beginning May 27, 2021.
Denver, Colorado via Denver International Airport (DEN) – beginning May 28, 2021.

The new route to/from Charleston, South Carolina via Charleston International Airport (CHS) includes:

Belleville, Illinois/ St. Louis, Missouri via MidAmerica St. Louis Airport (BLV) – beginning May 28, 2021.

The new route to/from Baltimore, Maryland via Baltimore/Washington International Thurgood Marshall Airport (BWI) includes:

Punta Gorda, Florida via Punta Gorda Airport (PGD) – beginning May 27, 2021.

In addition to these new routes, Allegiant is announcing new dates for eight routes that were postponed in 2020 due to the pandemic.

The rescheduled routes to Norfolk International Airport (ORF) include:

Pittsburgh, Pennsylvania via Pittsburgh International Airport (PIT) – beginning June 3, 2021.
Columbus, Ohio via Rickenbacker International Airport (LCK) – beginning June 3, 2021.

The rescheduled route to Nashville, Tennessee via Nashville International Airport (BNA) includes:

Greensboro, North Carolina via Piedmont Triad International Airport (GSO) – beginning June 3, 2021.

The rescheduled route to/from Boston, Massachusetts via Boston Logan International Airport(BOS) includes:

Grand Rapids, Michigan via Gerald R. Ford Airport (GRR) – beginning March 5, 2021.

The rescheduled route to/from Louisville, Kentucky via Louisville International Airport (SDF)includes:

Charleston, South Carolina via Charleston International Airport (CHS) – beginning May 28, 2021.

The rescheduled route to/from Myrtle Beach, South Carolina via Myrtle Beach International Airport (MYR) includes:

Knoxville, Tennessee via McGhee Tyson Airport (TYS) – beginning June 2, 2021.

The rescheduled routes to/from Hudson Valley, New York via New York Stewart International Airport (SWF) include:

Destin, Florida via Destin-Fort Walton Beach Airport (VPS) – beginning June 13, 2021.
Savannah, Georgia via Savannah International Airport (SAV) – beginning May 26, 2021.

Optional baggage charges and additional restrictions may apply. For more details, optional services and baggage fees, please visit Allegiant.com

Emirates Expanding Operations in Americas Due to Increased Passenger Demand

January 15, 2021 / WIL BALDWIN

Emirates has announced it will resume non-stop services to Seattle (from 1^st February), Dallas and San Francisco (from 2nd March), offering its customers seamless connectivity via Dubai to and from popular destinations in the Middle East, Africa, and Asia.

The addition of these three destinations will take Emirates’ North American network to 10 destinations following the resumption of services to Boston, Chicago, Houston, Los Angeles, New York JFK, Toronto and Washington DC.

Flights to/from San Francisco will operate four times weekly on Emirates’ Boeing 777-300ER while flights to/from Seattle (operating four times weekly) and Dallas (three times weekly) will be operated with the two-class Boeing 777-200LR, offering 38 lie-flat seats in Business and 264 ergonomically designed seats in Economy class.

The airline will also be providing its customers more options and choice with additional flights to New York , Los Angeles and São Paulo. Effective 1st February, Emirates will be operating double daily flights to John F. Kennedy International Airport (JFK) and a daily flight to Los Angeles (LAX). Emirates customers also have seamless access to other US cities via the airline’s codeshare agreements with Jetblue and Alaskan Airlines.

In South America, Emirates will be introducing a fifth weekly flight to São Paulo (from February 5th), offering customers in Brazil even more travel options with greater access to its expanding network. Beyond São Paulo, Emirates customers can enjoy seamless connectivity and access to 24 other cities in Brazil via the airline’s codeshare partnership with GOL and its interline agreements with Azul and LATAM.

Emirates has safely and gradually restarted operations across its network and currently serves 114 destinations on six continents.

Since it safely resumed tourism activity in July, Dubai remains one of the world’s most popular holiday destinations, especially during the winter season. The city is open for international business and leisure visitors. From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai offers a variety of world-class experiences. It was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.

Alaska Airlines Adds More Destinations From Anchorage

December 18, 2020 / WIL BALDWIN

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.”

American Airlines Transports Its First COVID-19 Vaccine Shipment From Chicago To Miami

December 14, 2020 / WIL BALDWIN

The American Airlines Cargo team carried its first shipment of coronavirus (COVID-19) vaccine last night. In close collaboration with pharmaceutical and cargo partners, the airline received the shipment by truck at Chicago O’Hare International Airport (ORD) and loaded the shipment onto a Boeing 777-200 aircraft flying to Miami International Airport (MIA). The vaccine shipment will arrive at its final destination in a U.S. territory in the Caribbean later today.

“The American team is proud to be a part of the critical effort to get lifesaving vaccine safely and quickly to people around the world,” said American Airlines Cargo President Jessica Tyler. “We were able to mobilize within hours of getting the call to move thousands of doses. We know this is the first of many shipments to come, and we are ready to scale our operation as additional vaccine is produced and ready for distribution.”

American began conducting trial flights in November to simulate the conditions required to transport the COVID-19 vaccine, stress testing the thermal packaging and operational handling process to ensure it remains stable in transit.

American is an internationally recognized expert in cold chain logistics with an established network of facilities and team members who specialize in temperature-critical shipments to more than 150 cities in 46 countries around the world. In addition, American has the largest dedicated temperature-controlled pharmaceutical shipping facility operated by an airline in the United States. From the time a shipment arrives at one of American’s facilities, it is tracked throughout its journey on the ground and from the airline’s Cargo Control Center, located within its Integrated Operations Control in Fort Worth, Texas.

This level of expert care has earned American the International Air Transport Association’s prestigious Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) certification. The CEIV certification is given to air carriers and players in the air cargo supply chain that have established the tools, procedures and staffing to ensure life sciences products are properly handled and arrive at their destination fully effective.

Since the beginning of the pandemic, American has been transporting hundreds of thousands of pounds of personal protective equipment (PPE), medical equipment, COVID-19 test kits and pharmaceuticals to help battle the coronavirus, as well as components for Phase III COVID-19 vaccine trials.

Southwest Airlines Announces Winter Sale Fares as Low as $49 One-Way

December 8, 2020 / WIL BALDWIN

Southwest Airlines (NYSE: LUV) launched a fare sale today through Dec. 10, 2020, 11:59 p.m., Central Time. Customers can coast their way to a winter getaway for continental U.S. travel Dec. 29, 2020, through April 11, 2021.

Fly to Chicago (Midway) or Chicago (O’Hare)—beginning Feb. 14, 2021—and grab some deep-dish pizza in the Windy City, or simply feel the warmth of the sun by heading to one of our warmer destinations in Florida or Hawaii. Take time this Valentine’s Day to enjoy our low fares, legendary Hospitality, and friendly policies and book now at Southwest.com.

Seats, days, and markets are limited. Blackout dates and 21-day advance purchase requirements apply. See a full list of fares, fare rules, and terms and conditions below and at Southwest.com. Examples of one-way low fares include:

– As low as $49 one-way nonstop between Baltimore/Washington and Pittsburgh

– As low as $79 one-way nonstop between Charleston and Fort Lauderdale

– As low as $89 one-way nonstop between Nashville and Chicago (O’Hare)

– As low as $99 one-way nonstop between Memphis and Chicago (Midway)

– As low as $99 one-way nonstop between Oakland/San Jose and Honolulu (Oahu)

– As low as $128 one-way nonstop between San Diego and Honolulu (Oahu)

Delta Launches $6.5 Billion Debt Deal Backed by Frequent Flyer Program

September 14, 2020 / WIL BALDWIN

CHICAGO, Sept 14 (Reuters) – Delta Air Lines said on Monday it is seeking to raise $6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a drastic downturn in travel demand due to the COVID-19 pandemic.

The airline said it would use the loyalty program as collateral to secure the new loans and issuance, as it continues to burn through about $27 million in cash each day.

U.S. airlines have cut costs and raised debt to survive what they call an unprecedented industry crisis. The situation is not expected to improve until there is a meaningful recovery in demand.

With its latest financing deal, Delta will not pursue a $4.6 billion federal loan available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, officials said, even as it continues to lobby for a second round of federal payroll grants.

Atlanta-based Delta is among U.S. airlines to have tapped funds under a $25 billion made available primarily in grants under the CARES Act to cover employees’ payroll through September, but not a separate $25 billion package in secured loans.

The loan program has attractive financing terms but restricts executive compensation and share buybacks.

The airline has said it could furlough nearly 2,000 pilots in October without more federal aid, but believes it can avoid any flight attendant furloughs through the winter thanks to strong demand for voluntary departures or leaves.

Delta had $15.7 billion in liquidity at the end of June, which it said equaled about 19 months of financial runway at a daily burn rate of $27 million.

It still has unencumbered assets worth $6 billion to $7 billion, primarily in the form of spare aircraft parts and engines, if needed, officials said.

Delta did not disclose the value of the loyalty program or the terms of the new financing, which mirrors a debt deal by United Airlines in June backed by its $20 billion MileagePlus program.

Delta’s shares, which have lost about 46% this year, closed at $31.70 on Friday.

(Reporting by Tracy Rucinski; Editing by Ana Nicolaci da Costa)

Delta, American Drop Domestic Change Fees, Matching United

August 31, 2020 / WIL BALDWIN

Delta Airlines planes sit at ATL airport in Atlanta

CHICAGO (Reuters) – Delta Air Lines <DAL.N> and American Airlines <AAL.O> said on Monday they are permanently dropping domestic change fees, mirroring an announcement by rival United Airlines <UAL.O> on Sunday in a push to woo back travelers.

U.S. airlines are burning through millions of dollars daily as the coronavirus pandemic hits passenger air travel, which is hovering around 30% of what it was a year ago, forcing more customer-friendly policies to encourage people to start traveling again.

Atlanta-based Delta said the elimination of change fees is effective immediately and includes tickets purchased for travel within the United States, Puerto Rico and U.S. Virgin Islands. American’s change also covers flights to Canada, Mexico and the Caribbean.

The new policies do not cover any of the three airlines’ basic economy tickets.

Low-cost rival Southwest Airlines <LUV.N> has never charged a change fee for its tickets.

Delta, United and American were already waiving change fees through the end of the year to give travelers more flexibility in an uncertain environment.

The fees represented around 2% to 3% of their total revenues in 2019, though analysts said the overall financial impact going forward will be limited as focus remains on generating bookings.

Delta collected $830 million in ticket cancellation and change fees last year, American $819 million and United $625 million, according to the U.S. Department of Transportation.

(Reporting by Tracy Rucinski; Editing by Chris Reese and Cynthia Osterman)

Southwest Airlines Announces Three-Day $39 WOW Sale

August 25, 2020 / WIL BALDWIN

DALLAS, Aug. 25, 2020 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) launched a three-day WOW Sale today through Aug. 27, 2020, 11:59 p.m. Central Daylight Time, with fares starting as low as $39 one-way. As Customers put their Hearts back into traveling, Southwest is offering low fares across the United States. Fall and winter travel is only a click away!

“As Customers begin to feel inspired to travel again, we want them to know that Southwest Airlines has their well-being and comfort in mind supported by the Southwest Promise, legendary Hospitality, and our exceptional People,” said Bill Tierney, Southwest Vice President of Marketing. “With fares as low as $39 one-way, bags that fly free, and no changes fees, Customers can easily get away to their next adventure.”

Seats, days, and markets are limited. Blackout dates and advance purchase requirements apply. See full fare rules and terms and conditions at Southwest.com. Examples of one-way low fares include:

– As low as $39 one-way nonstop between Kansas City and Minneapolis/Saint Paul

– As low as $39 one-way nonstop between Las Vegas and Oakland

– As low as $39 one-way nonstop between Houston (HOU) and Tulsa

– As low as $39 one-way nonstop between Chicago (MDW) and Detroit

– As low as $39 one-way nonstop between Nashville and Raleigh/Durham

– As low as $39 one-way nonstop between New Orleans and San Antonio

– As low as $109 one-way nonstop between HOU (HOU) and Cancun

– As low as $136 one-way nonstop between Lubbock and Cancun

– As low as $139 one-way nonstop between Baltimore/Washington and Punta Cana

SOUTHWEST AIRLINES SALE FARE RULES
Book by Aug. 27, 2020 11:59 p.m. Central Daylight Time. 14-day advance purchase required. Nonrefundable. Seats, travel days, and markets limited. Blackout dates apply.

Click the link below for the full details and conditions!

https://finance.yahoo.com/news/southwest-airlines-announces-three-day-132800321.html

American Airlines Suspends Service to 15 Markets in October

August 20, 2020 / WIL BALDWIN

American Airlines Group Inc. (NASDAQ: AAL) will adjust its October schedule to remove service to 15 markets as a result of low demand and the expiration of the air service requirements associated with the Coronavirus Aid, Relief and Economic Security (CARES) Act. This is the first step as American continues to evaluate its network and plans for additional schedule changes in the coming weeks.

These station suspensions will be effective Oct. 7. For now, these changes are only in place for the October schedule period, which runs through Nov. 3.

The airline will continue to re-assess plans for these and other markets as an extension of the Payroll Support Program remains under deliberation. The full, updated October schedule will be released Aug. 29, and American anticipates releasing its updated November schedule by late-September.

The full list of suspensions is below and will be reflected on aa.com Aug. 29.

Service suspensions beginning Oct. 7

City	Airport Code
Del Rio, Texas	DRT
Dubuque, Iowa	DBQ
Florence, S.C.	FLO
Greenville, N.C.	PGV
Huntington, W.Va.	HTS
Joplin, Mo.	JLN
Kalamazoo/Battle Creek, Mich.	AZO
Lake Charles, La.	LCH
New Haven, Conn.	HVN
New Windsor, N.Y.	SWF
Roswell, N.M.	ROW
Sioux City, Iowa	SUX
Springfield, Ill.	SPI
Stillwater, Okla.	SWO
Williamsport, Pa.	IPT

Service suspensions beginning Oct. 7

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