Starting December 15, Aeromexico will offer nonstop service between Guadalajara and Madrid with three weekly flights. This route represents a 21% growth in its total monthly seat capacity between Mexico and Spain, and the possibility of serving more Aeromexico Cargo customers.
The route will be operated with its Boeing 787 Dreamliner aircraft, and customers will be able to travel nonstop from Guadalajara to Spain, making their travel experience more comfortable. This service is in addition to the 14 weekly flights that the airline operates from Mexico City to the Spanish capital, a route that has more than 60 years of operating. For the launch, Aeromexico will offer introductory fares starting at USD 599 in Economy Class and USD 1999 in Premier Class.
Aeromexico recently announced the acquisition of new state-of-the-art aircraft, whose deliveries began last June. With this, Mexico’s global airline will continue to increase its connectivity network, offering a cutting- edge service with the highest safety standards and modern, efficient, and less polluting aircraft.
Aeromexico Cargo can serve 41 airports in Mexico and multiple international destinations in the U.S., Canada, Central, and South America, Asia, and Europe.
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:
The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2021.
“We continue the work to deliver on our commitments to our commercial, defense, space and services customers, while positioning our business for a stable and strong recovery from the pandemic. In the second quarter, we made progress in safely returning the 737 MAX to service in more international markets and increasing the pace of 737 deliveries,” the company said.
As Boeing has previously shared, the company has been engaged in detailed discussions with the FAA on verification methodology for 787 fuselages, and conducting associated inspections and rework. In connection with these efforts, the company has identified additional rework that will be required on undelivered 787s. Based on our assessment of the time required to complete this work, Boeing is reprioritizing production resources for a few weeks to support the inspection and rework. As that work is performed, the 787 production rate will temporarily be lower than five per month and will gradually return to that rate. Boeing now expects to deliver fewer than half of the 787s currently in inventory this year.
“We will continue to take the necessary time to ensure Boeing airplanes meet the highest quality prior to delivery. Across the enterprise, our teams remain focused on safety and integrity as we drive stability, first-time quality and productivity in our operations,” the company added.
Major program deliveries during the second quarter were as follows:
Major Programs
2nd Quarter 2021
Year-to- Date 2021
Commercial Airplanes Programs
737
50
113
747
1
2
767
8
13
777
8
14
787
12
14
Total
79
156
Defense, Space & Security Programs
AH-64 Apache (New)
6
15
AH-64 Apache (Remanufactured)
16
31
CH-47 Chinook (New)
3
6
CH-47 Chinook (Renewed)
1
4
F-15 Models
5
8
F/A-18 Models
7
11
KC-46 Tanker
2
4
P-8 Models
3
6
Commercial and Civil Satellites
—
—
Military Satellites
—
—
Note: Delivery information is not considered final until quarterly financial results are issued.
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.
WestJet today announced that it is launching a new dedicated cargo service, using 737-800 Boeing Converted Freights (BCF), as dedicated aircraft, to fulfill the larger-scale needs of Canadian businesses, freight forwarders, shippers and individual customers. The first of these dedicated 737-800BCFs are expected to be in service by the second quarter of 2022.
Throughout 2022, WestJet Cargo will grow its fleet of 737-800BCFs, to work in tandem with the current offering of WestJet’s existing Cargo business. The 737-800 narrow body aircraft is quick to load and fly, enabling WestJet Cargo to offer greater fuel efficiency, flexibility and frequency for its customers. WestJet Cargo routes and scheduled services will accommodate the diverse needs of cargo customers using WestJet’s existing network and highly skilled 737 pilots.
WestJet Cargo’s ability to ship on dedicated freighters or in the cargo hold on commercial routes provides cargo customers with increased reliability, flexibility and capacity to transport their diverse shipments to their chosen destination.
Low-fare carrier Frontier Airlines (NASDAQ: ULCC) today announces five new nonstop routes via McCarran International Airport (LAS): Bentonville, Arkansas; Bloomington, Illinois; Memphis; Madison, Wisconsin and Tucson, Arizona beginning this August. Frontier now offers 48 nonstop Las Vegas routes and, to celebrate the new service, is offering introductory fares starting at $19*.
New Routes via McCarran International Airport (LAS):
SERVICE TO/FROM:
START DATE:
SERVICE FREQUENCY:
INTRO FARE:
APPLICABLE DAYS FOR INTRO FARE:
Bentonville, Arkansas (XNA)
Aug. 13, 2021
2x Weekly
$39*
From LAS: Friday To LAS: Monday
Bloomington, Illinois (BMI)
Aug. 12, 2021
2x Weekly
$49*
From LAS: Thursday To LAS: Sunday
Memphis (MEM)
Aug. 12, 2021
2x Weekly
$39*
From LAS: Thursday To LAS: Sunday
Madison, Wisconsin (MSN)
Aug. 13, 2021
2x Weekly
$39*
From LAS: Friday To LAS: Monday
Tucson, Arizona (TUS)
Aug. 13, 2021
2x Weekly
$19*
From LAS: Friday To LAS: Monday
Frequency and times are subject to change, so please check FlyFrontier.com for the most updated schedule.
Sky Lagoon, Iceland’s newest geothermal bathing hotspot, opened in Reykjavik last week. If you know Iceland, you know that soaking in warm water is a favorite national pastime. Sky Lagoon is one of the new breed of designer pools catering to locals and visitors looking for sweet soaking opportunities in Instagram-worthy landscapes.
The opening weekend for Sky Lagoon was a big, buzz-worthy success, with media coverage and plenty of gorgeous photos flooding social media. The sun shone brightly and in an incredible stroke of good fortune, Sky Lagoon’s huge, 75-meter (246ft) infinity-edge pool and the large windows of the designer sauna enjoy a view across the ocean to the Icelandic president’s residence, and in the distance, an erupting volcano on the peninsula. The view – of smoke plumes, and a red glow when the conditions are favorable – is one the architects could have only dreamed about in the planning stages of the complex. A front-row seat for rosy sunsets completes the appeal, and we can imagine winter soaks under northern lights adding an extra wow factor.
Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900’s and four Boeing 787-10’s, raising approximately S$2.0 billion in total.
The transactions were arranged by four different parties, as follows:
Lease Arranger
Aircraft
Aergo Capital Limited
1 Airbus A350-900 1 Boeing 787-10
Altavair
4 Airbus A350-900’s
EastMerchant / Crianza Aviation
1 Airbus A350-900 2 Boeing 787-10’s
Muzinich and Co. Limited
1 Airbus A350-900 1 Boeing 787-10
Total
11
SIA has successfully raised approximately S$15.4 billion in fresh liquidity since 1 April 2020, including these sale-and-leaseback transactions. The amount also includes S$8.8 billion from SIA’s successful rights issue, S$2.1 billion from secured financing, S$2.0 billion via the issuance of convertible bonds and notes, as well as more than S$500 million through new committed lines of credit and a short-term unsecured loan.
SIA continues to have access to more than S$2.1 billion in committed credit lines, along with the option to raise up to S$6.2 billion in additional mandatory convertible bonds before the Annual General Meeting in July 2021.
During this period of high uncertainty, as the airline industry continues to navigate the unprecedented challenges caused by the Covid-19 pandemic, the SIA Group will continue to explore additional means to raise liquidity as necessary.
Mr. Goh Choon Phong, Singapore Airlines Chief Executive Officer, said: “The additional liquidity from these sale-and-leaseback transactions reinforces our ability to navigate the impact of the Covid-19 pandemic from a position of strength. We will continue to respond nimbly to the evolving marketing conditions, and be ready to capture all possible growth opportunities as we recover from this crisis.”
Sky Lagoon, Iceland’s newest geothermal bathing hotspot, opened in Reykjavík last week. If you know Iceland, you know that soaking in warm water is a favorite national pastime. Sky Lagoon is one of the new breed of designer pools catering to locals and visitors looking for sweet soaking opportunities in Instagram-worthy landscapes.
The opening weekend for Sky Lagoon was a big, buzz-worthy success, with media coverage and plenty of gorgeous photos flooding social media. The sun shone brightly and in an incredible stroke of good fortune, Sky Lagoon’s huge, 75-meter (246ft) infinity-edge pool and the large windows of the designer sauna enjoy a view across the ocean to the Icelandic president’s residence at Bessastaðir, and in the distance, the erupting volcano on the Reykjanes peninsula. The view – of smoke plumes, and a red glow when the conditions are favorable – is one the architects could have only dreamed about in the planning stages of the complex. A front-row seat for rosy sunsets completes the appeal, and we can imagine winter soaks under northern lights adding an extra wow factor.
Visiting Sky Lagoon
Sky Lagoon is just a few kilometres from downtown Reykjavík, at Kársnes harbor in Kópavogur. Note that it’s not a place for people with young kids, as admission to the lagoon starts at 12 years of age.
Visitors have a choice of 2 packages, with the main difference being in the changing facilities. The more expensive Sky Pass includes private changing rooms with use of Sky Lagoon’s premium hair- and skincare amenities. Both entry passes – the cheaper Pure Pass, and the Sky Pass – include lagoon admission and access to the 7-step ‘Ritual’, which takes place inside a turfhouse inspired by an age-old Icelandic building tradition. There’s an in-water bar serving drinks, plus a stylish cafe and snack bar in the complex building.
Throughout the stylishly rustic complex, visitors can see design elements that draw inspiration from Icelandic nature and heritage, from the turfhouse to turf walls and plunge pool.
The Ritual
Sky Lagoon presents The Ritual as a ‘rejuvenating journey that awakens your senses and leaves your skin healthy and glowing’. It combines warm and cold waters, warm steam, dry heat and fresh air.
Step 1: Slow down in the warm waters of the lagoon.
Step 2: Take a cold plunge in a pool inspired by Snorralaug in West Iceland, thought to have been in use since the 12th century.
Step 3: Sweat and swoon over the view from the sauna.
Step 4: Cool down under a cold mist.
Step 5: Use the body scrub (provided) to awaken your skin.
Step 6: Sit and inhale in the steam room.
Step 7: Rinse off the scrub in the shower and return to the lagoon.
Geothermal bliss
If you like the sound of Sky Lagoon, Iceland has a lot more treats that are right up your alley. There’s a growing number of geothermal spas springing up around the country, creating an incidental itinerary for road-trippers looking to end each day with a scenic soak.
Aside from Sky Lagoon, one of the newest to hit the scene is Vök Baths (pictured below) in East Iceland, where the highlight is 2 floating pools set in lake waters.
All year round, these complexes draw bathers to their warm waters. In the wise words of one local, “Iceland’s sunshine doesn’t come from the sky, it comes from the water.”
MIRAMAR, Fla., April 27, 2021 /PRNewswire/ — Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit”) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.
Spirit is also separately conducting a registered direct offering of shares of its common stock (the “Common Stock Offering”) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).
Spirit expects to use a portion of the net proceeds from the Convertible Notes Offering to repurchase a portion of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) for cash pursuant to privately negotiated agreements with a limited number of current holders of such 2025 Convertible Notes, which agreements are conditioned upon the consummation of the Convertible Notes Offering. Spirit expects to use any remaining net proceeds from the Convertible Notes Offering for general corporate purposes. Spirit expects to use the net proceeds from the Common Stock Offering to redeem up to 40% of the original outstanding principal amount, or up to $340 million, of its 8.00% Senior Secured Notes due 2025 at a redemption price equal to 108.0%, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the redemption date.
The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering.
Click the link below to view the full press release!
