Collins Aerospace Ascentia® tool to be installed on Korean Air 787 Fleet
Charlotte, North Carolina, November 8, 2023, PRNewswire – Collins Aerospace, an RTX business (NYSE: RTX), announced today that its Ascentia® Prognostic and Health Management (PHM) solution has been selected by Korean Air Lines Co. (Seoul: 003490) for use on its growing Boeing (NYSE: BA) 787 fleet.
The cloud-based solution uses advanced data analytics and machine learning algorithms to help airlines improve maintenance operations and increase aircraft reliability. Analyzing flight data and maintenance records in real-time allows Ascentia to help predict potential maintenance issues and provide recommendations for corrective actions, improving aircraft availability and reducing unscheduled downtime.
Collins Aerospace’s Ascentia solution is currently in use by several major airlines around the world. Equipping KAL’s Boeing 787 fleet with Ascentia represents a significant milestone as Collins Aerospace expands its presence in the Asia-Pacific region.
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.
American Airlines Group Inc. (NASDAQ: AAL) will implement a phased suspension of additional long-haul international flights from the U.S. starting on March 16. This suspension will last through May 6. This change is in response to decreased demand and changes to U.S. government travel restrictions due to coronavirus (COVID-19). The airline will:
Reduce international capacity by 75% year over year — from March 16 to May 6
Continue to operate one flight daily from Dallas-Fort Worth (DFW) to London (LHR), one flight daily from Miami (MIA) to LHR and three flights per week from DFW to Tokyo (NRT)
Continue short-haul international flying, which includes flights to Canada, Mexico, Caribbean, Central America and certain markets in the northern part of South America, as scheduled
In addition to the international changes, the airline anticipates its domestic capacity in April will be reduced by 20% compared to last year and May’s domestic capacity will be reduced by 30% on a year over year basis.
International Route Changes
By region, the new schedule changes include the following:
Asia, effective March 16
American will suspend all remaining flights to Asia, except for three flights per week from DFW to NRT
Australia and New Zealand, effective March 16
Suspending service from Los Angeles (LAX) to Auckland (AKL) effective March 16, which was slated to end seasonal flying on March 28
Suspending service from LAX to Sydney (SYD) effective March 16
Europe, phased suspension
American will continue to operate one flight daily from DFW to LHR and MIA to LHR
Suspending flights from New York (JFK), Boston (BOS), Chicago (ORD), and LAX to LHR gradually over the next seven days to reaccommodate passengers and crew
LHR, Dublin (DUB) and Manchester (MAN) flights from Charlotte (CLT), Philadelphia (PHL) and Phoenix (PHX) will be suspended faster, as these airports are not approved gateways by the U.S. Department of Homeland Security. Final eastbound flights from CLT, PHL and PHX will be on March 15; final westbound flights returning from LHR, DUB and MAN will depart March 16
Continued suspensions in other parts of Europe, as previously announced, including the delayed start of some seasonal routes as well as flights to and from Amsterdam (AMS), Barcelona (BCN), Frankfurt (FRA), Madrid (MAD) and Munich (MUC) Paris (CDG) and Zurich (ZRH) through early May, or later, based on guidance from the U.S. government and customer demand
South America, effective March 16
Suspending service from JFK and MIA to Rio de Janeiro (GIG) and Georgetown, Guyana (GEO)
Suspending service from DFW, JFK and MIA to São Paulo (GRU)
These capacity reductions assume no slot waivers are in place other than those previously granted. At airports where demand exceeds airfield and/or terminal capacity, access is governed by slots that grant airlines permission to take off and land at specific times. Given the decrease in demand related to COVID-19, American has requested temporary relief from this usage requirement — otherwise known as requesting a slot waiver — to better align capacity with demand without the risk of losing valuable takeoff and landing slots for the future. American will continue to review its network and make adjustments as needed if waivers are granted.
Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish a base of operations at Concord-Padgett Regional Airport (USA). The Las Vegas-based company will invest $50 million to establish the new base in Concord, creating at least 66 high-wage jobs and housing two Airbus aircraft.
The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations in Concord on October 7, 2020. Concord-Padgett Regional Airport will become the airline’s 21st aircraft base.
Located minutes from Charlotte, Concord is one of the nation’s fastest-growing cities, with a robust business infrastructure and a diverse workforce. Home to some of North Carolina’s top tourist destinations, including NASCAR’s famed Charlotte Motor Speedway and Concord Mills, the city boasts a historic downtown district and a wide variety of entertainment and leisure activities for visitors and local residents. Concord is the largest city in Cabarrus County, with a population of more than 94,000.
“Since Allegiant’s first flight from Concord-Padgett Regional Airport in 2013, their growth has been truly remarkable,” said Concord Mayor Bill Dusch. “We are very pleased that Allegiant has selected Concord for a new base of operations, which brings new jobs and travel opportunities for the citizens of Concord and the Charlotte region. We look forward to continue developing our partnership with Allegiant in the future.”
“We’re excited about making Concord a permanent base, and further establishing Allegiant as a hometown airline for this high-performance city,” said Keith Hansen, Allegiant’s vice president of government affairs. “With a growing and diverse population seeking affordable vacation travel, and as a regional destination for race enthusiasts, arts fans and more, Concord is an ideal location for an Allegiant base. Having locally-based operations will mean opportunities for expanded hours, as well as more – and more frequent – flight offerings for residents and visitors alike.”
“This decision reaffirms that what began as a wonderful opportunity for a growing destination has grown into a committed relationship,” said Concord-Padgett Regional Airport Aviation Director Dirk Vanderleest. “My staff and I are humbled by this opportunity and milestone for USA. We look forward to working hand in hand with Allegiant Air to ensure that both residents and visitors alike are recipients of excellent customer service and expanded vacation opportunities.”
“Allegiant took Cabarrus County’s tourism industry to the next level with commercial air service and we’re proud to offer our support as they continue to grow,” said Cabarrus County Convention and Visitors Bureau President & CEO Donna Carpenter. “Visitor spending reached over $469 millionin Cabarrus County in 2018. These enhancements will fuel that figure, generating tax revenues that will positively impact the local economy and quality of life in our community.”
Allegiant began operating at USA in 2013 and currently offers seven non-stop routes: one to the Mardi Gras City of New Orleans and six to premier Florida destinations, including Destin/Fort Walton Beach, Fort Lauderdale, Orlando/Sanford, Palm Beach, Punta Gorda and St. Pete-Clearwater. Since establishing service, Allegiant has flown more than one million passengers through Concord, including 353,000 in 2019 alone.
“Cabarrus County’s investment in Allegiant emphasizes the power of collaboration,” said Cabarrus CountyBoard of Commissioners Chair Steve Morris. “Our support of projects related to the Concord-Padgett Regional Airport boosts the economic stability of all municipalities in our county and throughout the region.”
Both the Concord City Council and Cabarrus County Commissioners approved three-year economic development grants for the expansion. Based on a portion of the increased tax investment, the grant amount from the City of Concord would not exceed $48,649 and $75,001 from Cabarrus County.
“The establishment of this base really reinforces Allegiant’s commitment to our community,” said Cabarrus Economic Development Existing Industry Director Page Castrodale. “It sends a message that Cabarrus County is the right place to do business.”
Allegiant, which employs more than 4,300 team members across the U.S., plans to immediately begin hiring pilots, flight attendants, mechanics and ground personnel to support the operations. The majority of the new positions are expected to offer salaries that are more than double the state’s average wage. Interested applicants may apply online.
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.
FORT WORTH, Texas — American Airlines customers will have a lot to be thankful for as the airline plans to launch an additional eight new domestic routes this summer, offering customers a total of 20 new seasonal routes in summer 2020. The new routes include service to Martha’s Vineyard (MVY) and Nantucket (ACK) in Massachusetts and new service from Jackson, Mississippi (JAN) and Des Moines, Iowa (DSM), to Miami (MIA), the airline’s gateway to Latin America and the Caribbean.
“Every year, we evaluate our network and look to create more routes and serve unique destinations whether we’re entering new markets like Casablanca or adding more service to places like Traverse City, Michigan,” said Vasu Raja, American’s Senior Vice President of Network Strategy. “We continue to deliver the best network with the most options for our customers domestically and internationally during the most popular vacation time of the year.”
Domestic additions
Beginning in June, American will add two new ways to get to the lighthouses and sandy beaches of Martha’s Vineyard from two connecting hubs on the East Coast — Philadelphia (PHL) and Charlotte (CLT). The airline will also introduce a new route to the cobblestone streets of Nantucket with Saturday service from PHL. All three flights will be operated on an Embraer 175, featuring 12 First Class seats and 64 Main Cabin seats. Next summer, Traverse City (TVC) will see direct service from PHL and Ronald Reagan Washington National Airport (DCA), giving customers access to the shores of Lake Michigan’s Grand Traverse Bay every Saturday. The airline will also introduce new Saturday service from Dallas-Fort Worth (DFW) to Portland, Maine (PWM) operated on an Airbus A319 aircraft.
MIA is American’s gateway to Latin America and the Caribbean, and, next summer, customers flying from JAN and DSM will have nonstop service to MIA on Saturday and Sunday from June through August. Flight times will complement one-stop connections to vacation favorites like Bonaire, St. Vincent, and Montego Bay, Jamaica.
American previously announced seasonal service to National Parks in Kalispell (FCA) and Bozeman (BZN), Montana, and increased service to Alaska, including a new destination, Fairbanks (FAI), which will begin operating in May.
A summer overseas
In August, American announced an international expansion that includes entering Africa for the first time with service to Casablanca, Morocco (CMN), from PHL and seasonal service from Chicago (ORD) to Krakow, Poland (KRK); Prague, Czech Republic (PRG); and Budapest, Hungary (BUD). American will be the only US carrier providing service to KRK, BUD and PRG from ORD.
“Our future is bright, and we see summer 2020 as an opportunity for growth in the leisure destinations our customers truly value,” Raja continued. “We have 20 new seasonal routes to choose from — narrowing down where to go will be the hardest part.”
New flights will be available for purchase Nov. 25.
LAS VEGAS, Oct. 8, 2019 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2019 financial results conference call for Thursday, October 24 at 5:30 p.m. EDT. A live broadcast of the conference call will be available through the company’s Investor Relations website at http://ir.allegiantair.com/. The webcast will also be archived on the “Events & Presentations” section of the site.
Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences – from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant’s Sunseeker Resorts subsidiary is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida – a unique waterside integrated resort like no other. And a growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor games and attractions to thrill seekers of all ages. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF.
LAS VEGAS, Sept. 10, 2019 /PRNewswire/ — Allegiant Travel Company (ALGT) today reported preliminary passenger traffic results for August 2019.
Allegiant Travel Company
Las Vegas-based Allegiant is an integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences – from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant’s Sunseeker Resorts subsidiary is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida – a unique waterside integrated resort like no other. And a growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor games and attractions to thrill seekers of all ages. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
LAS VEGAS, June 10, 2019 /PRNewswire/ — Allegiant Travel Company (ALGT) today reported preliminary passenger traffic results for May 2019.
May 2019 estimated average fuel cost per gallon – system $2.32
Allegiant Travel Company
Las Vegas-based Allegiant (ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences – from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations, with all-nonstop flights and industry-low average fares, as well as hotel rooms and rental cars available exclusively through the company’s website, Allegiant.com. Today, Allegiant serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant’s Sunseeker Resorts division is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida – a unique waterside integrated resort like no other. A growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor sports and games to thrill seekers of all ages, while TeeSnap helps golf courses thrive and enhance customer experience through an innovative suite of technology tools for course scheduling, point of sale and more. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
MIRAMAR, Fla., June 03, 2019 (GLOBE NEWSWIRE) — Are you ready for some live music and hot chicken? Spirit Airlines is bringing its low fares and signature service to Nashville, Tennessee. Beginning October 10, 2019, Spirit (NYSE: SAVE) will begin nonstop daily service from Nashville International Airport (BNA) to Baltimore/Washington, Fort Lauderdale, New Orleans, Las Vegas and Orlando. The airline will also add nonstop service to Tampa on November 5. The six routes will operate year-round and create dozens of connections to some of Spirit’s most popular destinations, throughout the U.S., Caribbean and Latin America.
Spirit Airlines is starting service to/from Nashville, TN (BNA) to Baltimore, MD/Washington, DC (BWI), Fort Lauderdale, FL (FLL), New Orleans, LA (MSY), Las Vegas, NV (LAS), Orlando, FL (MCO) and Tampa, FL (TPA).
“Spirit Airlines is excited to announce service to Music City,” said Ted Christie, Spirit Airlines’ President and Chief Executive Officer. “Nashville is one of the fastest growing cities in the country and has a lot to offer. From the best live entertainment and family-friendly attractions to a robust food and craft beer scene, there is something for everyone. We’re equally excited to bring our new Nashville-area Guests to great destinations throughout the U.S., Latin America, and the Caribbean.”
“Today’s announcement is exactly why Nashville International Airport is focused on expanding and renovating our facilities, so we can continue to attract new air carriers and provide additional routes for travelers to and from Middle Tennessee,” said Doug Kreulen, Nashville International Airport’s President and Chief Executive Officer. “We appreciate Spirit Airlines’ investment and confidence in our community, and we look forward to a successful collaboration as we grow our airport and generate economic activity for our region.”
“Spirit Airlines marks the 15th airline carrier operating at Nashville International Airport,” said Dr. A. Dexter Samuels, Nashville International Airport’s Board Chair. “The addition of new airlines and more air service creates competition in various markets and helps keep air fares affordable for our passengers. It’s a dynamic that well serves both the business and leisure traveler and underscores our strategic direction at BNA. On behalf of the BNA Board of Commissioners, welcome to Nashville.”
Nashville, TN (BNA) to/from:
Starts:
Frequency:
Baltimore, MD/Washington, DC (BWI)
October 10, 2019
Daily, year-round
Fort Lauderdale, FL (FLL)
October 10, 2019
Daily, year-round
New Orleans, LA (MSY)
October 10, 2019
Daily, year-round
Las Vegas, NV (LAS)
October 10, 2019
Daily, year-round
Orlando, FL (MCO)
October 10, 2019
Daily, year-round
Tampa, FL (TPA)
November 5, 2019
Daily, year-round
The announcement will add to Spirit’s growing network, as the value carrier recently announced it would be launching service in Burbank, Sacramento, and Charlotte on June 20. While expanding its network, the airline is also focused on investing in the Guest experience and delivering the best value in the sky.
About Spirit Airlines: Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We operate more than 600 daily flights to 76 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.
Growing independent regional airline Via Airlines has abruptly ended all scheduled commercial flights with plans to revert back to its original business model of conducting charter operations. Known by its shortened name, ViaAir, the airline began flying in 1997, specializing in both public and private charter flights catered for corporations, casinos and sports teams.
