JACKSONVILLE, Fla. – CSX Corp. (NASDAQ: CSX) today announced that the Company’s Board of Directors has authorized an 8 percent increase in its quarterly dividend, from $0.26 to $0.28 per share. The new $0.28 quarterly dividend is payable on March 15, 2021 to shareholders of record at the close of business on February 26, 2021.
About CSX and its Disclosures
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
DENVER – Feb. 4, 2021 – Low-fare carrier Frontier Airlines will establish a crew base at Tampa International Airport (TPA) opening in May 2021. Approximately 250 flight attendants and 140 pilots will be based at TPA this year with that number expected to increase in the future. Additionally, the airline announced its intention to open a crew base at Hartsfield-Jackson Atlanta International Airport (ATL) in late 2021.
“With our low-cost structure and focus on leisure travel, Frontier is exceptionally well positioned to increase operations this year and continue to expand in these two growing markets,” said Barry Biffle, president and CEO, Frontier Airlines. “We anticipate that nearly 400 Frontier crew members will be based in Tampa by the end of 2021. Atlanta is also on the radar for later this year and those details will become more solidified as things progress.”
Both markets have become increasingly important destinations for Frontier with anticipated growth in routes in and out of those cities during the course of 2021. Frontier currently offers nearly 20 nonstop routes from Tampa International Airport and more than 15 nonstop options from Hartsfield-Jackson Atlanta International Airport, with a wide range of additional flight connection opportunities within Frontier’s domestic and international network.
“Any time we add a new crew base, it is an indicator of continued growth for our airline and also welcomed news for our crew members, who gain a new home base option, and local communities that reap the economic benefits,” said Biffle.
In autumn 2020, Deutsche Lufthansa AG (LHA.DE) announced that it would soon be offering Economy Class passengers a range of high-quality food and beverages for purchase on board short- and medium-haul flights.
The airline has now decided on its catering partners: With dean&david, Lufthansa was able to win over a young gastronomy company from Munich that represents freshness, quality and a sense of responsibility – for healthy food, high-quality ingredients and sustainable nutrition as well as environmentally friendly packaging. The culinary offer, which will be available on flights with a duration of at least 60 minutes, will be high quality and full of variety. Gate Gourmet, Lufthansa’s new main caterer for Europe, prepares essential components of the assortment, such as salads, bowls, wraps and sandwiches, fresh daily according to dean&david recipes. The menu includes a salmon avocado bowl, falafel tahini salad, crunchy chicken bowl or sweet chilli chicken sandwich as well as freshly made Birchermuesli. There will also be “Best of dean&david Boxes” with a fine selection from the dean&david assortment.
The menu selection will be complemented by cake specialities and snacks from other manufacturers, such as vegetable crisps. The prices for meals and snacks will range from two to about 12 Euros. The range of fresh products will be updated every three months.
Lufthansa will be expanding its long-standing cooperation with the traditional Munich-based company Dallmayr for hot beverages, confectionery and patisserie specialties. One highlight of this assortment is the project coffee Dano. The name stands for a cultivation region in Ethiopia. Dallmayr supports local people there with projects such as building a school and establishing a coffee cooperation. The product range is complemented by various organic teas, such as Alpine Herbs and First Flush Darjeeling, as well as chocolate milk. Furthermore, chocolates from the Dallmayr praline factory and a selection of cake specialities in cooperation with Gate Gourmet will also be offered.
There will also be a large selection of alcoholic and non-alcoholic beverages. A bottle of tomato juice or orange juice, for example, will be available for three Euros, as will a cup of coffee, hot chocolate or tea. A bottle of water and a small chocolate surprise will be served free of charge.
The focus of the new in-flight offer is on quality, freshness and sustainability. Christina Foerster, Executive Board Lufthansa Group Customer, IT & Corporate Responsibility, explains: “Our partners dean&david and Dallmayr represent outstanding quality and responsible action. In addition to the satisfaction of our guests, the topic of responsibility for the environment is also very important to us. We use almost exclusively sustainable materials for our packaging. Furthermore, we ensure that less food is wasted through more accurate production. We are pleased to be able to offer our passengers fresh products on European flights that taste delicious.”
The new food and beverage offer scheduled to be available on Lufthansa’s short- and medium-haul flights starting in the course of the summer timetable 2021. Orders will be placed directly on board.
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!
Low-fare carrier Frontier Airlines today announces new daily nonstop flights between Orlando and Phoenix, plus the resumption of its popular San Diego route beginning in March 2021. To celebrate this new service, Frontier is offering fares as low as $69*, which are available now at FlyFrontier.com.
“Frontier is taking off in the new year with an unprecedented level of service at Orlando International Airport, which now includes daily flights to Phoenix, one of 60 destinations that Frontier will fly nonstop from Orlando in March,” said Daniel Shurz, senior vice president of commercial, Frontier Airlines. “Orlando continues to be incredibly popular with travelers across the spectrum, from vacationing families to adventure seekers, and Frontier offers unparalleled affordability for flyers visiting the Theme Park Capital of the World.”
New route from Orlando International Airport (MCO):
SERVICE TO
SERVICE START
SERVICE FREQUENCY
INTRO FARE
APPLICABLE DAYS FOR INTRO FARE:
Phoenix Sky Harbor International Airport (PHX)
March 11, 2021
Daily
$69*
Tuesday and Wednesday
Returning route from Orlando International Airport (MCO):
SERVICE TO
SERVICE START
SERVICE FREQUENCY
INTRO FARE
APPLICABLE DAYS FOR INTRO FARE:
San Diego International Airport (SAN)
March 7, 2021
Daily
$69*
Tuesday and Wednesday
These two routes join new Frontier nonstop routes from Orlando that start in February to Cancun, Miami, Punta Cana, Santo Domingo, St. Thomas, and Wilmington.
Frequency and times are subject to change, so please check FlyFrontier.com for the most updated schedule.
Kansas City Southern (KCS) (NYSE: KSU) will release its fourth quarter 2020 financial results on Friday, January 22, 2021, before the opening of trading on the New York Stock Exchange.
KCS will also hold its fourth quarter 2020 earnings conference call on Friday, January 22, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanying presentation materials, please log into investors.kcsouthern.com immediately prior to the presentation. To join the teleconference, please call (844) 308-6428 from the U.S., or (412) 317-5409 from all other countries.
A replay of the presentation will be available by calling (877) 344-7529 from the U.S., (855) 669-9658 from Canadaor (412) 317-0088 from all other countries and entering conference ID 10150484. The webcast replay and presentation materials will be archived on the company’s website.
Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2020 financial and operating results on Thursday, January 21, 2021, at 8:00 a.m. ET. The company’s management team will host a conference call and live webcast at 8:45 a.m. ET.
Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific’s website at www.up.com/investor. A replay of the audio webcast will be available shortly thereafter.
Southwest Airlines Co. (NYSE: LUV) launched a four-day WOW Sale today through Jan. 7, 2021, 11:59 p.m., Central Time, with fares starting as low as $29 one-way. Customers can ring in the New Year with this huge sale and book their spring getaway for travel in March and April.
From the mountains to the beach, there is a perfect getaway for everyone. Hit the slopes at one of our new destinations in Colorado—Steamboat Springs, Montrose (Telluride), or Colorado Springs (starting March 11, 2021). Looking for something warmer? Feel the warmth of the sand by booking a trip to one of our beach destinations— Fort Lauderdale, Kahului (Maui), Long Beach, Calif. or Miami. Looking for something new? Customers can fly to one of these hidden gems— Palm Springs, New Orleans, or Raleigh/Durham.
“Southwest is ready to take Customers to their favorite spring travel destinations,” said Bill Tierney, Southwest Vice President of Marketing. “Whether it is hitting the slopes or soaking up the sun on the beach, Southwest is your ticket to the perfect getaway. With our legendary Hospitality, flexible policies, and low fares across our expanding network, we look forward to having our Customers onboard again when they are ready to get away.”
Hurry and book! 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 $29 one-way nonstop between Atlanta and Raleigh/Durham,
As low as $29 one-way nonstop between Denver and Salt Lake City,
As low as $29 one-way nonstop between Phoenix and Palm Springs,
As low as $39 one-way nonstop between Dallas and New Orleans,
As low as $89 one-way nonstop between Nashville and Sarasota,
As low as $99 one-way nonstop between San Diego and Hawaii.
These flights, as well as the Carrier’s published schedule through August 16, 2021, can be purchased at Southwest.com.
Talgo has announced the timetable for the manufacture and launch of its hydrogen train, a green, innovative and efficient alternative to replacing diesel engines, which will be ready in 2023. The train will be named Talgo Vittal-One, as a reference to the place of the hydrogen in the periodic table, the first one. The details were presented during the event “Renewable hydrogen: an opportunity for Spain”, organised by the Spanish Ministry for the Ecological Transition and the Demographic challenge.
The first phase of the validation tests of the hydrogen technology will be conducted in 2021. After the validation process, the hydrogen technology will be installed in the new train during a second manufacturing phase that will take place between 2021 and 2023.
The company’s CEO, José María Oriol, stated during his presentation: “Green hydrogen is no longer the future, it is a reality. The implementation of hydrogen trains, such as the one Talgo is developing, will improve mobility in our country and have a positive impact on the environment. It will allow us to make the most of the non-electrified Spanish railways while reducing our carbon footprint”.
This system is configured as a modular solution that can be installed on all types of trains, as well as in upgrades from diesel to hydrogen. However, it has been specifically designed for the Vittal platform for Commuter and Regional trains, which Talgo has presented in the bidding process for various tenders in Spain and other countries.
