Tag: deliver (Page 6 of 7)

American Airlines Reports Q4 and Full-Year 2019 Profit

January 23, 2020 / WIL BALDWIN

FORT WORTH, Texas — American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2019 financial results, including these highlights:

Fourth-quarter 2019 earnings were $0.95 per diluted share. Excluding net special items¹, earnings were $1.15 per diluted share, up 19% year over year.
Full-year 2019 earnings were $3.79 per diluted share. Excluding net special items², earnings were $4.90 per diluted share, up 8% year over year.
Accrued $213 million for the company’s profit-sharing program in 2019, including $74 million in the fourth quarter.
Returned $1.3 billion to shareholders in the form of dividends and share repurchases in 2019.

“During the fourth quarter, we made important progress to address the issues that impacted our business in 2019, and, thanks to our incredible team, we ended the year with our strongest operational quarter on record,” said American Airlines Chairman and CEO Doug Parker.

“While our results for the quarter reflect this progress, we know there is more work to be done. Looking to 2020, we are focused on three key areas. First, we will continue to deliver operational excellence and build on our strong fourth-quarter results. Our team has done a tremendous job, and we will keep driving improvement in key operational metrics in the year ahead. Second, we will deliver those results while growing where we have a competitive advantage in our most profitable hubs. And third, these initiatives combined with our capital plan will enable us to drive significant free cash flow in 2020 and beyond.”

Fourth-Quarter Revenue and Expenses

Pre-tax earnings were $571 million in the fourth quarter of 2019. Pre-tax earnings excluding net special items for the fourth quarter of 2019 were $679 million, a $90 million increase from the fourth quarter of 2018, or 15.1% year-over-year increase from the same period last year.

Continued strength in passenger demand and a record passenger load factor drove a 3.4% year-over-year increase in fourth-quarter 2019 total revenue to a record $11.3 billion. Driven by a 2.4% increase in passenger load factor, passenger revenue per available seat mile (PRASM) grew 0.9% to 14.72 cents, a record for the fourth quarter. Cargo revenue was down 18.3% to $216 million due primarily to a 15.6% decline in cargo volume. Other revenue was up 5.4% to $750 million due primarily to higher loyalty revenue. Fourth-quarter total revenue per available seat mile (TRASM) increased by 0.5% compared to the fourth quarter of 2018 on a 2.9% increase in total available seat miles.

Total fourth-quarter 2019 operating expenses were $10.6 billion, up 2.1% year over year, driven primarily by higher salaries and benefits, maintenance, and regional expenses. Total fourth-quarter 2019 cost per available seat mile (CASM) was 15.06 cents, down 0.8% from fourth-quarter 2018. Excluding fuel and net special items, consolidated fourth-quarter CASM was 11.59 cents, up 2% year over year.¹

2020 Priorities

In 2020, American is focused on operational excellence, efficient and profitable growth, and generating significant free cash flow.

Operational excellence: Running a reliable operation is a significant driver of customers’ likelihood to recommend and American’s goal to become customers’ airline of choice.
Efficient and profitable growth: Grow in high-revenue markets that produce at or above average unit revenues, largely due to new gates in Dallas-Fort Worth and Charlotte, North Carolina.
Generating significant free cash flow³: Use free cash flow to naturally de-lever the company’s balance sheet and return capital to American’s shareholders.

Boeing to Deliver AH-64E Apache Helicopters to 3 Allied Countries

December 26, 2019 / WIL BALDWIN

Nearly 50 Foreign Military Sales orders valued at more than $560 million

Boeing [NYSE:BA] and the U.S. Army have finalized orders from three nations to provide their armed forces with the new, more capable AH-64E Apache model. The contracts are for the remanufacture of 47 existing AH-64D Apaches. The total combined value of the orders is more than $560 million.

“More allied defense forces worldwide are selecting the AH-64E Apache because they know it provides the most advanced technology and capability to keep their nations safe and secure today and well into the future,” said Kathleen Jolivette, vice president of Attack Helicopter Programs. “The Apache continues to be the most proven and reliable attack helicopter on the battlefield today.”

Sixteen countries currently field the Apache. AH-64 Apaches have flown 4.6 million flight hours, including more than one million flight hours in combat.

The remanufactured aircraft will be delivered in the early 2020’s.

Boeing-Built Satellite to Offer Greater Asia-Pacific Coverage

December 18, 2019 / WIL BALDWIN

A Boeing [NYSE: BA]-built satellite called JCSAT-18/Kacific1 will provide affordable internet access and other communications services to underserved parts of Asia and the Pacific islands.

The satellite launched today from Cape Canaveral, Florida at about 7:10 p.m. It will enter service several weeks after on-orbit tests and moving to its final geostationary orbit position over the Asia-Pacific region.

Built on Boeing’s 702 satellite platform, JCSAT-18/Kacific1 has two separate payloads for two customers, SKY Perfect JSAT of Tokyo and Kacific Broadband Satellites Group of Singapore. The satellite will deliver internet services to a potential market comprising hundreds of millions of people in more than 25 countries, including remote islands in the Pacific and the far eastern part of Russia.

“JCSAT-18/Kacific1 is going to make a difference in the lives of millions of people throughout the Asia Pacific region,” said Chris Johnson, president, Boeing Satellite Systems International. “We are proud to support SKY Perfect JSAT and Kacific as they seek to bring positive change through connectivity in regions that have been traditionally underserved.”

JCSAT-18/Kacific1 is the 13th satellite Boeing has built for SKY Perfect JSAT and the first satellite built for Kacific.

Air Lease Corporation Delivers New Airbus A321-200neo Aircraft to Air Macau

December 15, 2019 / WIL BALDWIN

LOS ANGELES, December 12, 2019 – Today Air Lease Corporation (“ALC”) (NYSE: AL) announced the delivery of one new Airbus A321-200neo aircraft on long-term lease to Air Macau. This aircraft, featuring Pratt & Whitney PW1133G engines, is the first of two A321-200neo aircraft confirmed to deliver to the airline from ALC’s order book with Airbus and the first A321-200neo to deliver to the airline.

“We are pleased to announce this first of two A321-200neo aircraft delivery to Air Macau today and be the first to introduce the A321neo to the airline,” said Jie Chen, Executive Vice President and Managing Director, Asia – President, Air Lease Corporation Hong Kong Limited. “The ALC team has a long history of working with Air Macau and we are thrilled to continue to build our strong relationship with the airline by providing the most modern, fuel-efficient aircraft.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

MD Helicopters Announces Advanced Weapons and Mission Management System for Scout Attack Helicopter

December 5, 2019 / WIL BALDWIN

MD Helicopters, Inc. announces a strategic teaming agreement with Elbit Systems Ltd (ESL) to deliver next-generation weapons and mission management capabilities to its MD 530G Block II (BII) Scout Attack Helicopter. The proven, pilot-centric Integrated Weapons System (IWS) is comprised of a Helmet Display and Tracking System (HDTS), Weapons Management System (WMS) and Mission Management System (MMS).

“Design and disruption are the cornerstone of all product development efforts,” said Lynn Tilton, Chief Executive Officer for MD Helicopters, Inc. “This partnership with Elbit Systems, Ltd. will allow us to rapidly expand the capabilities of the MD 530G, resulting in a next-generation, advanced light scout attack helicopter solution that will set a new standard in this highly competitive class.”

In line with MD Helicopters’ commitment to delivering excellence and innovation in design, the integrated, advanced avionics suite utilizes an intuitive Human Machine Interface (HMI), multi-functional smart displays and next-generation applications to deliver a fully compatible multi-mission cockpit that reduces pilot workload, increases efficiency of crew operations, and delivers increased lethality for a range of operational parameters.

Helmet Display & Tracking System (HDTS)

The HDTS configuration supports both daytime and nighttime operation, allowing the pilot to intuitively maneuver the aircraft into attack positions and engage targets heads-up and eyes out.

Weapons Management System (WMS)

The advanced digital WMS will allow the MD 530G BII Scout Attack Helicopter to support a comprehensive array of suppressive firepower options as well as unguided and guided munitions, including Hellfire Missile and, with authorized customer demand, APKWS. Standard configuration includes support for M260 Rocket Pods, HMP 400 Digital Gun Pods, RMP Digital Gun/Rocket Pods, and the M134D-H Mini-Guns. Critical weapons management functions, such as weapon activation and HDTS operation, will be integrated into the cyclic grip and collective for both pilots.

Mission Management System (MMS)

The main component in the MD 530G BII Scout Attack Helicopter MMS is the Digital Mapping application (DMAP) managed by a touch screen graphical user interface (GUI). This moving map display will give pilots greater situational awareness with aircraft positions, known threats, and friendly locations plotted. The aircraft’s EO/IR solution will integrate directly with the new MMS to enable detect and store intelligence. Detect and store intelligence ensures that once a target has been acquired, the crew can choose to attack with guided weapons from a distance, or unguided munitions using the ballistics Continuously Calculated Impact Point (CCIP) displayed over the HDTS.

The enhanced Integrated Weapons System, certified and in use on fixed and rotary wing medium and heavy attack platforms already in service with U.S. and Allied forces around the world, will deliver greater mission flexibility and improved operational performance, making the already multi-mission-capable MD 530G perfectly suited for Close Support operations including attack, forward air control, armed reconnaissance, counter-insurgency, and observation.

“These are exciting times at MDHI,” said Stephen Suttles, Vice President of Commercial and Military Sales and Marketing for MD Helicopters, Inc. “Competition is a good thing in our business. We believe that the limited market penetration by others in this space is an incredible advantage for us, and we are confident in our ability to deliver equitable precision capabilities backed by an unmatched history of safety and survivability sooner than our competitors, and at a much better price point.”

“A proven and iconic light scout attack helicopter platform, the addition of this elegant, technically superior solution elevates the MD 530G BII to best-in-class status,” Tilton concludes. “My team has delivered industry-leading rotorcraft solutions for decades. Now partnered with the Elbit Systems team, we are poised to bring a new level of customizable, operator-focused solutions to U.S. and Partner Nation aviation forces.”

MD Helicopters anticipates live fire events with a production-quality test asset in 2020.

Wizz Air Partners With Sabre to Leverage Intelligent Planning

December 4, 2019 / WIL BALDWIN

LONDON and SOUTHLAKE, Texas, Dec. 4, 2019 /PRNewswire/ — Wizz Air (PNK: WZZAF) Europe’s greenest airline and leading low cost carrier in Central Eastern Europe, has selected Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, as a strategic partner to enhance its network planning and scheduling technology. With this new agreement, Wizz Air joins a portfolio of more than 80 airlines that have implemented Sabre’s leading technology to optimize complex schedule and slot management processes.

Sabre has a strong reputation in driving results through its intelligent planning and scheduling solutions. Empowering collaborative and intelligent decision-making, Sabre AirVision Schedule Manager helps airlines build and deliver robust, accurate and operationally feasible schedules across their networks. This proven solution has helped airlines achieve up to 9% incremental operating profit and up to 12% increase in productivity.

Wizz Air has implemented Sabre AirVision Slot Manager and Schedule Manager, equipping it with the right mechanisms to reduce the risks of losing valuable historic slot rights, while enabling increased productivity and a fast response to rescheduling.

“Adopting the right planning and scheduling technology has a significant impact on revenue optimization and cost reduction, as well as running a robust and efficient operation,” said George Michalopoulos, chief commercial officer at Wizz Air. “Sabre’s end-to-end planning and scheduling suite provides Wizz Air with the intelligence and flexibility needed to deploy optimized schedules.”

Sabre’s agreement with Wizz Air reflects its ongoing investment in creating technology solutions that are perfectly adapted to the requirements of different airline business models. With a customer community that includes a portfolio of airlines in the network, low-cost and ultra-low-cost categories, Sabre is consistently driving innovation through its partnerships.

“Wizz Air has a solid and ambitious plan for profitable expansion, and therefore needed a strong technology partner,” said Alessandro Ciancimino, vice president sales Europe, Travel Solutions, Sabre. “Sabre’s suite of technology helps airlines to get schedules to market faster, rapidly respond to market conditions in real time, and more efficiently manage a growing network of routes – which will help it position itself competitively, and differentiate itself among increased competition.”

About Sabre Corporation
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

About Wizz Air
Wizz Air, the largest low-cost airline in Central and Eastern Europe, offers more than 700 routes from 25 bases, connecting 152 destinations across 44 countries. A team of more than 5,000 aviation professionals delivers superior service and very low fares making Wizz Air the preferred choice of 38 million passengers in the past 12 months. WIZZ operates an all-Airbus fleet of 120 aircraft. Its A320s are equipped with 180 seats, its A321s with 230 seats and its A321neo aircraft with 239 seats. According to the latest data of the Swiss airline intelligence provider CH-Aviation, Wizz Air has one of the youngest airline fleets in the world.

Delta, LATAM to Launch Codesharing as Carriers Build Leading Partnership in Latin America

December 2, 2019 / WIL BALDWIN

Important step begins to deliver benefits to customers with expanded connectivity to up to 51 destinations in South America.

Delta and LATAM will launch codesharing for flights operated by certain LATAM affiliates in Colombia, Ecuador and Peru beginning in the first quarter of 2020, pending receipt of applicable government approvals.

The codeshare will offer customers increased connectivity between up to 74 onward destinations in the United States and up to 51 onward destinations in South America.

Delta expects to expand codeshare opportunities to include more destinations in the near future. The airlines are also working toward introducing frequent flyer program reciprocity and reciprocal lounge access.

“This is an important milestone for customers as we begin to deliver on the transformative partnership between Delta and LATAM announced earlier this year,” said Steve Sear, Delta President – International and Executive Vice President – Global Sales. “Once fully realized, this partnership will give us the ability to offer our shared customers an industry-leading network and superior service across the Americas.”

In September, Delta and LATAM announced an agreement that would bring together the leading airlines in North and South America, which once fully implemented will offer significantly expanded travel options for customers with access to 435 destinations worldwide. The enhanced cooperation is subject to governmental and regulatory approvals.

Binter Airlines Receives Its First Embraer E195-E2 Jet

November 23, 2019 / WIL BALDWIN

São José dos Campos, November 21, 2019 – Binter of Spain celebrates the incorporation of the first E195-E2 jet into its fleet at a ceremony held today at Embraer’s main facility in São José dos Campos. The airline is the first European customer to receive the biggest of the three members of the E-Jets E2 family of commercial aircraft. Binter has placed firm orders for five E195-E2s.

“We’re extremely proud to deliver the first E195-E2 in Europe to such an accomplished regional airline. Binter will showcase the very best of the airplane as it expands its network to more cities,” said John Slattery, President & CEO, Embraer Commercial Aviation.

“Today´s event is very special for all of us, who are part of Binter. This Embraer E195-E2 aircraft is an important step in the history of our company that will become as well a jet operator. This new milestone, which coincides with the celebration of the 30th anniversary of Binter, adds more advances to the ones that we have made in recent years, and that help to pursue our main objective: the improvement of the connecting of the Canary Islands, both inter-island and with external destinations,” said Binter’s President, Pedro Agustín del Castillo.

The acquisition of the E195-E2s is part of Binter’s overall fleet modernization initiative. Each aircraft is configured with 132 seats in single class. The new aircraft will be deployed across a route network that includes eight cities in the Canary Islands, nine cities in Africa and two in Portugal. Last year, Binter carried 3.6 million passengers.

In April, the E195-E2 received its Type Certificate from three regulatory authorities: ANAC, the Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil); the FAA (U.S. Federal Aviation Administration) and EASA (European Aviation Safety Agency).

Flight tests confirmed that the aircraft is better than its original specification. Fuel consumption is 1.4% lower than expected – that’s 25.4% less fuel per seat compared to the current-generation E195. Maintenance costs are 20% lower. The E195-E2 is the most environmentally-friendly aircraft in its class, having the lowest levels of external noise and emissions. The cumulative margin to ICAO Stage IV noise limit ranges from 19 to 20 EPNdB, 4.0 EPNdB better than its direct competitor.

Like the E190-E2, the E195-E2 has the longest maintenance intervals in the single-aisle jet category with 10,000 flight hours for basic checks and no calendar limit for typical E-Jet operations. This means an additional 15 days of aircraft utilization over a period of ten years compared to current generation E-Jets.

The E195-E2 features new ultra-high bypass ratio engines, a completely new wing, full fly-by-wire controls and new landing gear. Compared to the first-generation E195, 75% of aircraft systems are new. The E195-E2 has 3 additional seat rows. The cabin can be configured with 120 seats in two classes, or up to 146-seats in a single class layout.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers from all over the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 75 customers from 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline carriers.

Boeing, SunExpress Sign Order for 10 Additional 737 MAX Airplanes

November 18, 2019 / WIL BALDWIN

Leading leisure carrier exercises options for 10 MAX 8 jets for fleet renewal and growth
SunExpress CEO: “Have full confidence Boeing will deliver us a safe, reliable and efficient aircraft.”

DUBAI, United Arab Emirates, Nov. 18, 2019 /PRNewswire/ — SunExpress is exercising options for 10 additional Boeing 737 MAX 8 airplanes to continue renewing its fleet and growing its position in the leisure travel industry, the airline and Boeing [NYSE: BA] announced today at the Dubai Airshow.

The purchase, valued at $1.2 billion according to list prices, adds to a previous SunExpress order for 32 MAX airplanes.

“We have a long standing, strong and trustful relationship with Boeing and thus we decided to turn our option into an order. We stand behind our strategic decision to phase the 737 MAX into our fleet for all of its economic and ecological advantages, mid- and long-term,” says Jens Bischof, CEO of SunExpress. “We have full confidence that Boeing will deliver us a safe, reliable, and efficient aircraft. However, it goes without saying that this requires the undisputed airworthiness of the model, granted by all relevant authorities. Our utmost priority at SunExpress is and has always been safety.”

The airline, which specializes in offering direct connections between Europe, Turkey and popular holiday destinations, has achieved significant growth in recent years as it steadily expanded its fleet of mainly Boeing 737 airplanes. Last year, SunExpress’ passenger count climbed to nearly 10 million across roughly 100 destinations.

“We are honored and humbled by the trust that SunExpress has placed in our team at Boeing. They have been a wonderful partner over the years, demonstrating every day the efficiency and reliability of the Boeing 737 across their growing network,” said Stan Deal, president & CEO of Boeing Commercial Airplanes. “We regret the impact the MAX grounding has had on SunExpress and their passengers. The Boeing team is working hard to safely return the airplane to service and providing the capacity for SunExpress to continue serving as the backbone of air travel in the Turkish tourism industry.”

The 737 MAX 8 is part of a family of airplanes that offer 130 to 230 seats and the ability to fly up to 3,850 nautical miles (7,130 kilometers). With improvements such as the CFM International LEAP-1B engine and Advanced Technology winglets, the 737 MAX provides operators a 14% improvement over today’s most efficient single-aisle airplanes and extended range to open up new destinations.

Alstom to Deliver 19 Electric Regional Trains in Germany

November 14, 2019 / WIL BALDWIN

Alstom will deliver 19 Coradia Continental electric regional trains to the state of Baden-Württemberg. The contract, signed with DB Regio, is worth approximately €120 million. The trains will be built at Alstom’s site in Salzgitter.

Beginning in December 2022, the new trains will be gradually deployed on the routes from Karlsruhe to Heilbronn, Achern, as well as via Freudenstadt to Herrenberg.

The new trains have been designed to optimise passenger experience while meeting the region’s operational requirements. In addition to high-performance WiFi, they will include spacious multi-purpose areas in each car and a large capacity for bicycles. The trains are specifically designed to cope with the steep gradients that punctuate the tracks running through the Black Forest.

“Passengers in the Karlsruhe region can look forward to modern, proven and reliable trains. Our trains not only satisfy passengers, but are also known for outstanding reliability and availability, thus offering absolute planning security for operators,” says Jörg Nikutta, Managing Director of Alstom in Germany and Austria.

The Coradia Continental is part of Alstom’s Coradia range of modular trains that benefits from more than 30 years of know-how. To date, over 2,800 Coradia trains have been sold and 2,400 are currently in service in Denmark, France, Germany, Italy, Luxembourg, the Netherlands, Sweden and Canada.

The new vehicles will be procured by DB Regio AG on behalf of the Ministry of Transport of the state of Baden-Württemberg as the responsible public transport authority for this network. After delivery of the vehicles, they become the property of the Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) and are leased by DB Regio for the term of the 13-year transport contract.

Fourth-Quarter Revenue and Expenses

2020 Priorities

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