Tag: demand (Page 8 of 19)

Air Transport Services Group Selects Boeing for Next Converted Freighter Order

November 3, 2021 / WIL BALDWIN

SEATTLE, Nov. 3, 2021 — Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of 767-300 converted freighters, has contracted with Boeing [NYSE: BA] for the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF).

“Our continued confidence in the 767-300 platform, now coupled with the services and support of the OEM, reinforces our commitment to deliver best-in-class reliable services to our customers,” said Mike Berger, chief commercial officer of ATSG. “We’re proud to partner with Boeing as we expand our fleet to meet growing demand and look forward to future growth together.”

The 767-300BCF now has more than 100 orders and commitments from customers around the globe, providing widebody converted freighter capability to meet growing market demand, and building on a record year for customer orders of Boeing’s family of freighters.

“We are honored that ATSG has decided to make the 767-300BCF an integral part of their fleet expansion strategy, supporting customers looking to capitalize on strong e-commerce demand,” said Jens Steinhagen, director of Boeing Converted Freighters. “As the OEM, Boeing has the original design data, robust supply chains, and dependable delivery schedules that benefit BCF customers such as ATSG. With that OEM advantage, we stand ready to meet ATSG’s needs by bringing forward market-leading 767-300BCFs into its fleet.”

ATSG is a global leader in cargo leasing, operating a fleet of 106 Boeing aircraft, including more than ninety 767 converted freighters.

Boeing has more than 40 years of successful experience in passenger-to-freighter conversions, relying on original design data and a deep understanding of the needs of the air cargo industry to deliver a superior, integrated product, including fully integrated manuals and world-class technical support. Boeing Converted Freighters also come with the advantage of being associated with the industry’s largest portfolio of services, support and solutions. Learn more about the 767-300BCF and the entire Boeing freighter family here.

JetBlue Airways (JBLU) Reports Q3 Loss, Tops Revenue Estimates

October 26, 2021 / WIL BALDWIN

Story from zacks.com

JetBlue Airways (Nasdaq: JBLU) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $1.75 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 36.84%. A quarter ago, it was expected that this airline would post a loss of $0.73 per share when it actually produced a loss of $0.64, delivering a surprise of 12.33%.

Click the link below to read the full story!

https://finance.yahoo.com/news/jetblue-airways-jblu-reports-q3-122512708.html

Griffin Global Asset Management Orders Five Boeing 737-8 Jets

September 2, 2021 / WIL BALDWIN

SEATTLE, Washington, September 1, 2021 — Boeing [NYSE: BA] and Griffin Global Asset Management today announced the aircraft lessor is expanding its commercial aircraft portfolio with five new 737-8 jets. The purchase is Griffin’s first direct order with Boeing as it sees strategic opportunities to place the airplanes during the market recovery.

Designed and built in Renton, Washington, the 737 MAX family delivers superior efficiency, flexibility and reliability while reducing fuel use and carbon emissions by at least 14% compared to the airplanes they replace. The 737-8 seats up to 189 passengers and can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers. Every 737 MAX features the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity.

Aeromexico to Add Twelve New Aircraft to Fleet

July 20, 2021 / WIL BALDWIN

Mexico City, July 20, 2021 – Aeromexico is working to continue adding new aircraft to its fleet and plans to add 12 new Boeing 737 MAX aircraft. The arrival is expected to begin next October.

These aircraft are in addition to the 28 that the company announced last April, making a total of 40 new aircraft to increase its fleet, replace other aircraft and improve connectivity.

The agreement to add these 12 aircraft is being negotiated with Dubai Aerospace Enterprise (DAE) and is subject to the approval of the United States Court for the Southern District of New York, in charge of Aeromexico’s Chapter 11 voluntary financial restructuring process.

Aeromexico’s current fleet is comprised of 118 aircraft: 47 Embraer 190’s, 53 Boeing 737’s, and 18 Boeing 787 Dreamliners.

Emirates Boosts Operations in Jordan, Adds Second Daily A380 Service to Amman

June 20, 2021 / WIL BALDWIN

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.

Qantas and Jetstar Meet Strong Domestic Demand with More Aircraft and Flights

June 20, 2021 / WIL BALDWIN

The Qantas Group is preparing for continued growth in domestic travel demand, with additional aircraft to be made available for Qantas and Jetstar flying.

Additional E190’s for QantasLink

The national carrier today announced an expansion of its three-year deal with Alliance Airlines, which provides QantasLink with capacity using Alliance’s Embraer E190 regional jet aircraft and the flexibility to respond to changing market conditions.

The expanded agreement will see the airline increase its options under this deal from 14 jet aircraft to a total of 18. Of this, three are already flying with another five to enter service by October. The E190s will be painted in QantasLink livery and are part of Qantas growing its domestic capacity to at least 107 per cent of pre-COVID levels in FY22.

The first of the 94-seat E190 jets started flying on the QantasLink network last month. The jet’s five-hour range makes it well suited to linking regional centres with smaller capital cities. The introduction of E190s also frees up Qantas’ Boeing 737 aircraft to be redeployed across the domestic network, enabling the airline to launch a number of new routes and add frequencies on existing ones.

Canberra-Adelaide is the latest route to benefit from additional flights made possible by the E190, with frequencies to double from nine per week to 18 per week from mid-July.

Jetstar boosts its Australian-based A320 fleet

Demand for low-cost leisure travel remains strong due to closed international borders and structural changes in Australia’s aviation market. As a result, Jetstar’s Australian domestic network is set to grow to 120 per cent of its pre-COVID schedule in FY22.

To help meet the increased demand, three Airbus A320 aircraft will be temporarily redeployed from Jetstar Asia in Singapore while international travel in the region faces a slower recovery.

These aircraft join the six Airbus A320 aircraft on loan to Jetstar Airways from Jetstar Japan and up to five Boeing 787-8 aircraft set to operate domestically until international travel resumes.

Lufthansa to Fly Boeing 747 and Airbus A350 to Mallorca Due to High Demand

June 11, 2021 / WIL BALDWIN

– Wide body aircraft to operate to Palma de Mallorca from both Frankfurt and Munich

– First departure planned from Frankfurt on July 17 and on July 31 from Munich

– Tickets now available for booking

Lufthansa is taking extraordinary measures in order to respond to a significant increase in booking demand for flights to Palma de Mallorca from both Frankfurt and Munich. The booking figures for the destination “PMI” have increased 25 times between April and the beginning of June 2021: The airline will be operating a Boeing 747-8 from Frankfurt to Palma de Mallorca four Saturdays in a row during the upcoming summer vacation in Hesse. Additionally, the airline also plans to operate an Airbus A350 from Munich to the Balearic Island at the start of the summer vacation in Bavaria. Although these routes are normally operated by an Airbus A321, on 31 July, two wide-body Lufthansa aircraft will be arriving on Palma de Mallorca.

Departing Frankfurt with the “Jumbo”

The Boeing 747-8 is the largest aircraft that Lufthansa is currently operating, offering up to 364 seats instead of the usual 215, which are normally available on this route. This wide-body aircraft offers passengers 88 Business Class seats (including First Class) as well as 276 seats in Economy Class (including Premium Economy).

The first “Jumbo” flight, LH1152, will be departing the Rhine Main metropolis on Saturday 17July at 10:20 a.m., just in time for the start of the Hessian summer vacation, and arrive at Palma de Mallorca airport at 12:25 p.m. The return flight, LH1153 will take place the same day at 14:25 p.m., arriving in Frankfurt at 16:45 p.m.

The modern and kerosene-efficient Boeing 747-8, also known as the “Queen of the Skies”, will operate for an addition three weekends, specifically on 24 July, 31 July and 7 August.

Departing Munich with the Airbus A350

The Airbus A350 is the most sustainable long-haul aircraft in the Lufthansa fleet. It consumes 20 percent less kerosene and is 50 percent quieter than previous models. Those who want to experience the Lufthansa Airbus A350 along with its multi-award-winning cabin now have the chance to do so now. The aircraft offers 293 seats, including 48 in Business Class and 245 in Economy Class (including Premium Economy).

The A350 flight to Palma de Mallorca will take place at the start of the Bavarian summer vacations on Saturday 31 July. Departure from Munich is planned for 9:50 a.m. under flight number LH2658, arriving in Palma de Mallorca at 12:00 a.m. The return flight, LH2659, will take place the same day at 13:30 a.m. arriving in Munich at 15:35 p.m.

Qantas Adds Seven New Routes, Puts Dreamliner on Domestic Route

May 24, 2021 / WIL BALDWIN

Qantas customers can now book seven new domestic routes and travel on more widebody aircraft between major capital cities to help meet strong demand for domestic travel across Australia.

The new routes – Townsville to Adelaide/Melbourne/Sydney, Adelaide to Cairns/Hobart, Sydney-Uluru and Perth-Gold Coast – provide direct connections and reduce travel time for customers. They bring the total number of routes Qantas and Jetstar have added since the start of the pandemic to 45.

Five of the routes will be operated by Embraer E190 regional jets as part of QantasLink’s partnership with Alliance Airlines. The first Qantas flights operated by the 94-seat E190s took off today between Adelaide, Darwin and Alice Springs.

Customers will also see more widebody aircraft with Business Suites on flights between the East Coast capital cities into Perth and Darwin.

Usually used for long haul international flights including Perth-London, the 236-seat Boeing 787-9 Dreamliner will begin operating up to nine Sydney to Perth flights per week.

Widebody Qantas Airbus A330-200 aircraft, which serviced international routes into Asia, will operate on more flights into Darwin from Sydney and Brisbane, and also into Perth from Sydney and Melbourne. These will be added to the A330s already flying on east-west routes.

The additional flying will see Qantas’ capacity exceed 100 per cent of pre-COVID levels in the coming months and the Group’s market share around 70 per cent.

Qantas Domestic and International CEO Andrew David said the new routes would support the growing demand for domestic tourism.

NEW ROUTES

Route	Start Date	Return flights per week	Aircraft
Adelaide – Townsville	August 2021	3 per week	E190
Adelaide – Cairns	August 2021	4 per week	E190
Adelaide – Hobart	September 2021	Up to 7 per week	E190
Sydney – Townsville	September 2021	7 per week	E190
Melbourne – Townsville	September 2021	7 per week	E190
Perth – Gold Coast	September 2021	3 per week	B737
Sydney – Uluru	March 2022	5 per week	B737

Fares are available from today with Qantas offering special fares including $139 on Adelaide-Hobart, $179 on Sydney-Townsville and $229 Perth-Gold Coast. Special fares are available at qantas.com or through Travel Agents, until 11:59pm 27 May, unless sold out prior.

The new flights add to Jetstar’s existing services across six of the routes, providing a range of travel options for Qantas Group customers.

ADDITIONAL WIDEBODY FLYING

Route	Added or upgauged flights	Aircraft	Total weekly flights (all aircraft)
Sydney-Perth	Up to 9 per week	787 Dreamliner	34
Up to 4 per week	A330
Melbourne-Perth	Up to 24 per week	A330	37
Sydney-Darwin	Up to 7 per week	A330	12
Brisbane-Darwin	Up to 3 per week	A330	9

Qantas Group Announces its Balance Sheet Repair is Underway

May 19, 2021 / WIL BALDWIN

A sustained rebound in domestic travel demand, and the performance of its Freight and Loyalty divisions, continues to drive the Qantas Group’s recovery from the impacts of COVID-19.

Based on current trading conditions the Group expects to be statutory free cash flow positive for the second half of FY21. Net debt levels peaked in February at $6.4 billion and are expected to be lower than they were in December ($6.05 billion) by the end of the financial year.

Liquidity levels remain strong with total funds of $4.0 billion, including cash of $2.4 billion and $1.6 billion of undrawn debt facilities as at 30 April 2021.

The total revenue loss for the Group since the start of COVID is now projected to reach $16 billion by the end of FY21 – however the role of domestic travel demand in the Group’s recovery is highlighted by the fact revenue from domestic flying is expected to almost double between the first and second half of this financial year.

Assuming no further lockdowns or significant domestic travel restrictions, the Group expects to be Underlying EBITDA positive in the range of $400 – 450 million for FY21. At a statutory level before tax, the Group is still expecting a loss in excess of $2 billion, which includes the significant costs associated with previously announced redundancies, aircraft write downs and non-cash depreciation charges.

Click the link below to read the full press release!

https://www.qantasnewsroom.com.au/media-releases/7978/

Alaska Air Group Orders Nine New Embraer E175 Aircraft for Operation with Horizon Air

May 17, 2021 / WIL BALDWIN

Embraer has agreed the sale of nine new E175 jets to Alaska Air Group and its subsidiary Horizon Air. The E175 aircraft will fly exclusively with Alaska Airlines under a Capacity Purchase Agreement (CPA). The value of the contract, which will be included in Embraer’s second-quarter backlog, is USD 449.1 million, based on current list prices.

Alaska Airlines, a new member of the Oneworld Alliance, currently has 62 Embraer E175 jets in their fleet, operated by Horizon Air and SkyWest Airlines. The 76-seat aircraft will be delivered in Alaska’s livery and three-class configuration, starting in 2022.

Alaska Air Group also announced today a commitment for eight more E175 aircraft with SkyWest Airlines. Once all 17 E175 aircraft announced today are delivered, Alaska Air Group will have 79 E175s in its regional fleet operated by Horizon and SkyWest.

Horizon is converting nine options from its April 2016 contract to firm orders. Added to Horizon’s three remaining firm orders on backlog, they will have a fleet of 42 E175’s flying for Alaska Airlines, when all aircraft are delivered.

The E175 has been a lifeline for carriers as they are perfectly suited to rebuild frequencies and add incremental capacity to meet rebounding domestic demand. During 2020 it was the first aircraft type to bounce back, achieving 100% of Alaska’s 2019’s schedule by Nov. 2020. Last October, the E175 started replacing larger aircraft on several intra-Alaska routes. Alaska Airlines has also been building its presence in California with the addition of new seasonal routes between cities in the Golden State and Montana with the E175.

– Wide body aircraft to operate to Palma de Mallorca from both Frankfurt and Munich

– First departure planned from Frankfurt on July 17 and on July 31 from Munich

– Tickets now available for booking

Departing Frankfurt with the “Jumbo”

Departing Munich with the Airbus A350

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