The Boeing Company [NYSE: BA] reported second-quarter revenue of $17.0 billion, driven by higher commercial airplanes and services volume. GAAP earnings per share of $1.00 and core earnings per share (non-GAAP)* of $0.40 primarily reflects higher commercial volume and lower period costs (Table 1). Boeing recorded operating cash flow of ($0.5) billion.
“We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future,” said Boeing President and Chief Executive Officer David Calhoun. “While our commercial market environment is improving, we’re closely monitoring COVID-19 case rates, vaccine distribution and global trade as key indicators for our industry’s stability. As we continue to position for a robust recovery, we remain committed to safety and quality, while investing in our people, products and technology. I am proud of our team’s resilience and commitment as we work to rebuild trust, improve our performance and deliver for our commercial, defense, space and services customers.”
As part of Boeing’s ongoing focus on global sustainability, the company published its first integrated Sustainability Report in July. “This was an important step in our continued efforts to reinforce our Environmental, Social, and Governance principles,” Calhoun said.
Click the link below to read the full press release!
Textron Aviation today announced its flagship Cessna Citation Longitude super-midsize business jet achieved certification from the European Aviation Safety Agency (EASA), clearing the way for customer deliveries to begin in the region.
The Cessna Citation Longitude super-midsize business jet is designed, produced and delivered by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company.
The largest jet in the Cessna Citation lineup, the Longitude was designed with business and return on investment at the forefront, with the lowest direct operating cost of any super-midsize jet. Capable of flying from Geneva to Dubai or Rome to New Delhi, the Longitude offers class-leading comfort, the quietest cabin in class, and advanced connectivity for those focused on staying productive in the air.
As a clean-sheet aircraft, the Longitude was designed with innovation front of mind, and a cabin experience shaped around customer input and a broad range of mission capabilities.
The Longitude is backed by Textron Aviation’s extensive global customer service network, providing customers with direct access to nearly 3,000 expert employees, including service representatives offering maintenance, inspections, parts, repairs, avionic upgrades, equipment installations, refurbishments and other specialized services.
Alstom (OTC: ALSMY) will supply 19 five-car MP14 metros with driver’s cab for line 11 of the Île-de-France Mobilités network operated by RATP, for a total value of 132 million euro. This order, which is 100% funded by Île-de-France Mobilités, falls within the framework of the MP14 contract signed in March 2015 between RATP (mandated by Île-de-France Mobilités) and Alstom for the delivery of a maximum of 217 MP14 trains over 15 years, for a total amount of more than 2 billion euro. This contract is part of the Île-de-France Mobilités strategy for the modernisation of all rolling stock on the Île-de-France Mobilités network.
An initial tranche of the MP14 contract included 35 automated metros for line 14, consisting of eight cars each. A first conditional tranche for 20 additional automated metros, consisting of six cars each, was exercised in January 2017 for line 4. A second option of 20 additional five-car trains (with driver’s cabs) was exercised in February 2018 for line 11.
A state-of-the-art metro, MP14 offers an unprecedented level of comfort and safety thanks to its interior layout and seats with a design based on the theme of the alcove, creating both hospitality and privacy. Vast reception areas offer accessibility to all passengers, with dedicated areas and boomerang-shaped seats to improve the passenger flow and the capacity of the trains. MP14 also has LED lighting efficiently distributed throughout the entire metro to provide a sense of security while eliminating darkly shadowed areas. The supports and steadying points are compliant with safety standards and further increase comfort inside the train. Warm and cool ventilation helps to provide temperature balance, whatever the season. MP14 also provides comprehensive video protection and dynamic passenger information on board.
A special feature of the MP14 metros for line 11 is that the design of the driver’s cab incorporates feedback from previous generations of cabs. Their design features the latest developments in ergonomics and has been validated by RATP drivers and occupational physicians.
MP14 is designed to improve passenger comfort and experience as well as reconcile performance, energy savings and ease of maintenance to keep costs under control throughout its life cycle.
MP14’s 100% electrical braking system recuperates energy and re-injects it into the network as electricity, while limiting the emission of fine particles caused by the mechanical brakes. The system reduces the energy consumption of the metros, as well as air pollution, by up to 20%. MP14 is also 40% quieter than the metros currently in service on line 11, with a 95% recyclability rate.
About 20 automated metros for line 14, consisting of eight cars each, will be delivered by the end of 2021. The first six-car automated metros for line 4 are currently being tested. Production of the first five-car metros for line 11 began in the last quarter of 2020 and the first metro will begin validation tests on RATP tracks this summer.
Eight of Alstom’s sixteen sites in France are involved in this project:
Valenciennes, for the studies, integration, validation, and testing;
Le Creusot, for the bogies;
Ornans, for the engines;
Villeurbanne, for the on-board computerised systems;
Emirates will be ramping up operations to Jordan during the summer with the introduction of second daily A380 flight during the months of July and August. The airline will operate the second daily flight from 15-20 July 2021, ahead of the Eid Al Adha period. Emirates will also operate double daily A380 services from 10-31 August. The move to boost capacity between Dubai and Amman during these periods was driven by high forecasted passenger demand. The double daily A380 services to Amman also demonstrate the airline’s commitment to adapting its operations to better serve customers.
Emirates will also increase flights between Dubai and Amman from 12 to 14 weekly, from 1 July.
From 15-20 July 2021, and from 10-31 August 2021, Emirates flights EK 905 and 906 will be operated with an Airbus A380 in a three class configuration, featuring 14 luxurious First Class suites, 76 lie flat Business Class seats and 420 generously pitched Economy Class seats. Passengers in all classes will enjoy over 4,500 channels of films, TV shows, music and games, with an impressive selection of Arabic content, through ice, Emirates’ award-winning inflight entertainment system. What’s more, First and Business Class passengers can enjoy the Emirates Onboard Lounge, where they can safely network and enjoy the signature Emirates experience.
Since it safely resumed tourism activity in July 2020, Dubai remains one of the world’s most popular holiday destinations. 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.
Emirates remains focused on taking various steps to ease travel and has been a leader in introducing initiatives in cooperation with health authorities and organisations to protect the health of customers and to ensure their safety. Emirates introduced measures on the ground throughout all touchpoints and onboard to provide its passengers with the highest safety and hygiene standards at every step of the journey. The airline has also recently introduced contactless technology to ease the customer journey through Dubai airport.
PRNewswire/ — United Airlines (NASDAQ: UAL) today announced a commercial agreement with Denver-based aerospace company Boom Supersonic to add aircraft to its global fleet as well as a cooperative sustainability initiative – a move that facilitates a leap forward in returning supersonic speeds to aviation.
Under the terms of the agreement, United will purchase 15 of Boom’s ‘Overture’ airliners, once Overture meets United’s demanding safety, operating and sustainability requirements, with an option for an additional 35 aircraft. The companies will work together on meeting those requirements before delivery. Once operational, Overture is expected to be the first large commercial aircraft to be net-zero carbon from day one, optimized to run on 100% sustainable aviation fuel (SAF). It is slated to roll out in 2025, fly in 2026 and expected to carry passengers by 2029. United and Boom will also work together to accelerate production of greater supplies of SAF.
Capable of flying at speeds of Mach 1.7 – twice the speed of today’s fastest airliners – Overture can connect more than 500 destinations in nearly half the time. Among the many future potential routes for United are Newark to London in just three and a half hours, Newark to Frankfurt in four hours and San Francisco to Tokyo in just six hours. Overture will also be designed with features such as in-seat entertainment screens, ample personal space, and contactless technology. Working with Boom is another component of United’s strategy to invest in innovative technologies that will build a more sustainable future of air travel.
In an important milestone for the E2 programme, the first of Embraer’s E2 family, the E190-E2, has been certified for Steep Approach; a requirement to operate at London City Airport (LCY). EASA (European Aviation Safety Agency) certification was granted on 11th May.
London City Airport sits on the doorstep of the city’s global financial district and is known as a premier business airport, but also as a key short-haul hub for destinations in continental Europe because of its convenience and speedy passenger experience. However, its location means operating aircraft must be compatible with the airport’s steep approach and short runway; meeting strict noise regulations for the surrounding communities.
In certification testing, EASA figures confirmed the E190-E2 has the lowest noise levels among all new generation single aisle aircraft and will be the only jet operating at LCY certified to ICAO’s strict Chapter 14 regulation. The new aircraft’s wings, engines, and systems make the aircraft significantly quieter than the previous E190; for communities around LCY this means the E190-E2 noise footprint at takeoff is 63% smaller than current E190s operating from LCY.
The E190-E2’s environmental credentials go much further than its quieter operation. The aircraft is 17% more efficient than its predecessor in fuel burn and emissions, while at the same time dramatically improving performance – range from LCY has nearly doubled with the E190-E2 to over 4000KM, bringing destinations such as Istanbul, Casablanca, and Moscow into range.
Steep approach certification, which enables increased descent angles of up to 5.5 degrees, reduces noise pollution for the surrounding communities. The system is enabled using a special software upgrade and the installation of a corresponding ‘Steep Approach’ switch on the cockpit control panel. Due to the cockpit commonality between the E190 and the E190-E2, pilots already cleared for LCY operation need no simulator based steep approach training.
Four Avelia Euroduplex trains from the SNCF fleet will enter commercial service on Monday 10 May 2021 on the Madrid-Barcelona route. They will be operated by OUIGO España, a local subsidiary of SNCF. The trains have been converted by Alstom and SNCF to run on the Spanish high-speed rail network.
Following on from these first four trains, 10 other trains are currently being converted by Alstom to serve several high-speed routes in Spain: initially, the Madrid-Valencia and Madrid-Alicante routes and subsequently, Andalusia (Madrid-Seville and Madrid-Malaga). OUIGO España will thus have a fleet of 14 trains for 5 destinations departing from Madrid: Barcelona, Valencia, Alicante, Seville, and Malaga.
During the conversion process of the trains, Alstom developed and deployed on-board signalling equipment architecture, necessary for rail traffic safety and performance, based on its digital ERTMS[1] solution Atlas. This solution ensures that Avelia Euroduplex trains are compliant and can be approved for Spanish infrastructures.
Mexico City, February 22, 2020. – Grupo Viva Aerobus today reported operating and financial results for 4Q20 and full year 2020, reflecting a recovery trend, amid the challenges of the pandemic, which began in the third quarter. This performance is the result of an adequate financial management, a strict expense control protecting the company’s liquidity and a responsible operational recovery which prioritizes health and safety for all passengers and staff.
During the 4Q, Viva Aerobus led the industry’s recovery, being the first airline in the Americas to resume 100% of its operational capacity, in November. Furthermore, Viva also consolidated as the first Mexican airline to grow its service at the end of the year by increasing its offer (available seats per kilometer) an 11% during December 2020 vs December 2019. In addition, the airline closed the year with 131 routes (103 domestic and 28 international), 12 more routes than the ones recorded at the end of 2019.
As a result of this recovery, added to an enhanced flexibility by permanently getting rid of charges for flight changes, Viva registered higher demand, closing 4Q20 with more than 2.9 million passengers, a 59% increase compared to 3Q2020. Moreover, the airline closed December with over one million of passengers registered, a similar figure reported in December 2019, before the pandemic.
This operational and passengers increase boosted the operating revenue to reach 3,237 million pesos in 4Q20, representing a 76.8% growth compared to 3Q20. Total operating revenue was composed 49% by fare revenue (1,589 million pesos) and 51% of ancillary revenue (1,647 million pesos). This revenue scheme represents the possibility that Viva Aerobus gives passengers to personalize their flights. Therefore, Viva takes care of their economy by offering low prices and giving the opportunity to pay only for what they need.
Due to this sequential increase in revenues, a positive EBITDAR was obtained for the second consecutive quarter, totaling 531 million pesos; this represented a sequential increase of 95% compared to 3Q20. Additionally, liquidity preservation stands out as attested in the cash and cash equivalents balance, recording 2,967 million pesos, a similar figure to the one reported in 3Q20. This reflects an assertive use of cash, taking advantage of an agile operational resumption, the support of the airline’s suppliers and the decisions to eliminate non-essential expenses.
These quarterly results softened the effects of the pandemic in the full year, considering that it was in the first half of 2020 when demand was most affected by the health emergency. Viva Aerobus registered more than 8.1 million annual passengers, a decrease of 32.4% compared to 2019. Consequently, total operating revenues reached 8,221 million pesos and EBITDAR totaled 946 million pesos, a 36.1% and 75.6% decrease, respectively.
To consult the full earnings report, please visit Viva Aerobus investor relations site: https://ri.vivaaerobus.com/en
Financial Indicators (MXN Million)
4Q20
4Q19
Ch. %
2020
2019
Ch. %
Total Revenue
3,237
3,728
(13.2%)
8,221
12,874
(36.1%)
EBITDAR*
531
1,122
(52.7%)
946
3,875
(75.6%)
EBITDAR Margin*
16.4%
30.1%
(13.7 p.p.)
11.5%
30.1%
(18.6 p.p.)
Operation (loss) income [EBIT]*
(427)
315
(>100.0%)
(2,619)
935
(>100.0%)
EBIT Margin*
(13.2%)
8.4%
(21.6 p.p.)
(31.9%)
7.3%
(39.1 p.p.)
Earnings Before Taxes (EBT)*
(791)
658
(>100.0%)
(3,881)
579
(>100.0%)
EBT Margin*
(24.4%)
17.7%
(42.1 p.p.)
(47.2%)
4.5%
(51.7 p.p.)
Net (loss) income*
(558)
420
(>100.0%)
(2,727)
469
(>100.0%)
Net Margin*
(17.2%)
11.3%
(28.5 p.p.)
(33.2%)
3.6%
(36.8 p.p.)
*Items not comparable with 2019 due to change in the functional currency conducted in 2020.
LOUISVILLE, Ky., Feb. 23, 2021 /PRNewswire/ — America’s Gateway to the South will be bright yellow, now that Spirit Airlines (NYSE: SAVE) is on the way. Today the airline announced plans to add Louisville—one of the fastest-growing cities in the country—to its route map with nonstop daily service to four cities. Spirit plans to inaugurate service from the Louisville Muhammad Ali International Airport on Thursday, May 27, with flights to Fort Lauderdale (FLL), Orlando (MCO), Las Vegas (LAS) and SDF’s only nonstop flight to Los Angeles (LAX).
“It’s time to bring the best value in the sky to Louisville,” said John Kirby, Vice President of Network Planning for Spirit Airlines. “We can’t wait to welcome Guests from Kentucky into the Spirit family so they can enjoy our unbeatable combination of service, reliability, new planes and low fares when they take their next trip. Plus, we’ll get to introduce travelers to the Derby City’s mix of outdoor beauty, art and history, not to mention the bourbon.”
Flights from Louisville (SDF)
Destination
Flights Available:
Launch Date:
Fort Lauderdale (FLL)
Daily
May 27, 2021
Las Vegas (LAS)
Daily
May 27, 2021
Los Angeles (LAX)
Daily
May 27, 2021
Orlando (MCO)
Daily
May 27, 2021
Spirit’s flight 502 will be the only nonstop service to Los Angeles from Louisville, removing intermediate stops on the way and making quick trips between the two cities easier than ever. The airline continues to seize that kind of growth opportunity as demand for air travel increases. Earlier this month, the carrier announced an accelerated delivery schedule for new Airbus aircraft joining Spirit’s Fit Fleet™, which is among the youngest in the industry.
Fort Lauderdale, Las Vegas and Orlando are three of Spirit’s biggest cities, which means nonstop flights from SDF come with easy connections to nine additional destinations. Fort Lauderdale is also Spirit’s largest gateway to the Caribbean and Latin America, providing access to five countries.
2021 is off to a great start at Spirit Airlines. In January, the carrier launched its new Free Spirit® loyalty program, which is the fastest way to earn rewards and status.* Spirit is also one of only three U.S. airlines listed on FORTUNE’s 2021 list of World’s Most Admired® Companies, which measures companies with the strongest reputation within their industries. Spirit also earned “Platinum” status as the highest-rated low-fare carrier in the world for cleanliness and safety during the travel journey by the Airline Passenger Experience Association (APEX) Health Safety initiative powered by SimpliFlying.
