TOMORROWS TRANSPORTATION NEWS TODAY!
With very expansive top and bottom line growth expected over the next few years, investors may be wondering why Sun Country Airlines (Nasdaq: SNCY) stock is down -5% year to date.
The answer to this question lies in the trend of earnings estimate revisions which have largely declined landing Sun Country’s stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
Click the link below to read the full story!
West Des Moines, Iowa, July 20, 2023 /PRNewswire/ – Collins Aerospace, an RTX (NYSE: RTX) business, today celebrated the opening of a $14 million expansion of its additive manufacturing center in West Des Moines, Iowa. The 9,000-square-foot addition provides space for the site to house several new state-of-the-art 3D metal printers. The first printer installed has eight times the build volume of the facility’s existing printers, significantly increasing the center’s additive manufacturing capabilities.
The West Des Moines facility is a world leader in the design and production of engine components for commercial and military aircraft. The new printers will allow the site to explore additive production of these components, building on the multiple land-based turbine components it already has in production. Additionally, the facility is one of only eight in the U.S. to receive the National Aerospace and Defense Contractors Accreditation Program (NADCAP) certification for Additive Manufacturing.
Additive manufacturing is a critical focus area for Collins and the business maintains a global network of additive production centers in Iowa, Minnesota, North Carolina and Singapore, along with an additive research center in Connecticut.
DALLAS, Aug. 25, 2020 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) launched a three-day WOW Sale today through Aug. 27, 2020, 11:59 p.m. Central Daylight Time, with fares starting as low as $39 one-way. As Customers put their Hearts back into traveling, Southwest is offering low fares across the United States. Fall and winter travel is only a click away!
“As Customers begin to feel inspired to travel again, we want them to know that Southwest Airlines has their well-being and comfort in mind supported by the Southwest Promise, legendary Hospitality, and our exceptional People,” said Bill Tierney, Southwest Vice President of Marketing. “With fares as low as $39 one-way, bags that fly free, and no changes fees, Customers can easily get away to their next adventure.”
Seats, days, and markets are limited. Blackout dates and advance purchase requirements apply. See full fare rules and terms and conditions at Southwest.com. Examples of one-way low fares include:
– As low as $39 one-way nonstop between Kansas City and Minneapolis/Saint Paul
– As low as $39 one-way nonstop between Las Vegas and Oakland
– As low as $39 one-way nonstop between Houston (HOU) and Tulsa
– As low as $39 one-way nonstop between Chicago (MDW) and Detroit
– As low as $39 one-way nonstop between Nashville and Raleigh/Durham
– As low as $39 one-way nonstop between New Orleans and San Antonio
– As low as $109 one-way nonstop between HOU (HOU) and Cancun
– As low as $136 one-way nonstop between Lubbock and Cancun
– As low as $139 one-way nonstop between Baltimore/Washington and Punta Cana
SOUTHWEST AIRLINES SALE FARE RULES
Book by Aug. 27, 2020 11:59 p.m. Central Daylight Time. 14-day advance purchase required. Nonrefundable. Seats, travel days, and markets limited. Blackout dates apply.
Click the link below for the full details and conditions!
https://finance.yahoo.com/news/southwest-airlines-announces-three-day-132800321.html
Delta has begun construction this week on its new Delta Sky Club at the former TIAT Lounge Annex on the fifth floor of the International Terminal at Haneda International Airport.
The nearly 9,000 square foot Club is located close to gates where Delta flights will depart to seven of its U.S. gateways including Atlanta, Detroit, Los Angeles, Minneapolis/St. Paul, Portland, Seattle, and Honolulu, starting March 29 — making Delta the largest U.S. carrier serving Tokyo’s closest and most convenient airport. Delta will also be the only U.S. airline with a proprietary lounge at Haneda.
The newest Delta Sky Club will open early July, just in time for the Tokyo games.
The Haneda Delta Sky Club will feature:
Amazon is hiring Sun Country Airlines to fly packages around the country, a windfall deal that thrusts the Minnesota carrier into the cargo business.
The six-year deal, announced Tuesday, will immediately create a massive expansion for Sun Country. From the first flights next spring, the new cargo service for Amazon Air will quickly grow to represent 20% of all of Sun Country’s flying.
It is the first time Amazon has hired a commercial passenger airline for air service.
Sun Country will add 10 airplanes to its fleet and hire an additional 70 pilots to its existing force of 350. The Twin Cities-based airline will also hire more maintenance workers and 20 to 30 headquarters staffers to support Amazon Air operations.
“These are pretty highly compensated positions. … We are very excited about this,” Jude Bricker, Sun Country’s chief executive, said Tuesday. “This is going to be a great growth opportunity for our company, and the important thing for the Twin Cities is it will make us a better airline for Minnesota leisure travelers.”
Click the link for the full story! http://www.startribune.com/sun-country-will-start-cargo-service-with-a-big-first-customer-amazon/566286912/
Union Pacific implemented Positive Train Control (PTC) on 1,113 route miles in the third quarter of 2019, bringing required PTC-operated route miles to 15,791 or 93 percent, including all required passenger train routes. Nearly all Union Pacific trains operating on PTC-mandated rail lines are operating with PTC locomotives. The company expects to have implemented PTC on all required lines by end of 2019, a year before the Congressional deadline. Its interoperability efforts with other railroads will continue through 2020.
Union Pacific currently hosts 31 freight and passenger railroads, which must achieve PTC interoperability by December 2020. Eleven of these railroads are already compliant, encompassing 85% of Union Pacific’s interoperable PTC train miles. While Union Pacific’s infrastructure is PTC-ready, it is working to be PTC-interoperable with the remaining partner railroads. The company’s expectation is that they will take necessary steps to reach interoperability on our network by mid-2020.
One of the most challenging parts of PTC implementation is ensuring system interoperability among all U.S. rail lines and locomotives. Given the various readiness levels of North American freight and passenger railroads, including publicly funded commuter lines and short lines, it is important that all railroads continue working together to maintain the health, safety, resiliency, and fluidity of the rail network during PTC implementation.
Union Pacific completed PTC installation on required route miles and employee training. PTC education is ongoing as Union Pacific retrains employees and introduces the system to new employees. Training materials are tailored to a variety of employee roles, including engineer, conductor, dispatcher, maintenance of way/engineering, mechanical, signal, telecom and information technologies.
With the FRA’s conditional approval of Union Pacific’s PTC safety plan on April 26, 2017, Union Pacific is running PTC operations on more than 15,000 miles in Arizona, Arkansas, California, Colorado, Idaho, Illinois, Iowa, Kansas, Louisiana, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin and Wyoming. Union Pacific and freight and passenger railroads continue working together to safely implement PTC on the remaining 1,271 required route miles.
Duluth, Minn. and Knoxville, Tenn. (30 October 2019) – Cirrus Aircraft, the global leader in personal aviation, ushered in a new era of innovation today with the introduction of Safe ReturnTM – a revolutionary emergency autoland system that enables passengers to land the Vision JetTM with just the touch of a single button. Once activated when available, Safe Return assumes control of the aircraft and transforms the Vision Jet into an autonomous vehicle that navigates to the nearest suitable airport for landing, communicates with air traffic control, lands and brings the aircraft safely to a complete stop. The Vision Jet, with both Safe Return and the award-winning Cirrus Airframe Parachute System® (CAPS®), provides a comprehensive, must-have total safety solution unique to G2 Vision Jet operators.
“Our mission is to make personal aviation more accessible by continuing to improve passenger comfort and safety,” said Zean Nielsen, Cirrus Aircraft Chief Executive Officer. “Safe Return delivers the next step towards autonomous flight, bringing a new level of confidence to the overall flying experience by providing the ultimate level of safety and control to passengers. Together, with the Cirrus Airframe Parachute System® (CAPS®), we have once again set a new standard for safety in personal air travel.”
Easily accessible by passengers in the Vision Jet cabin, Safe Return is activated by the touch of a button when available. Once pressed, the autonomous system analyzes terrain and datalink weather to determine the optimal airport for landing, and simultaneously begins communication with Air Traffic Control (ATC). Powered by the Perspective Touch+TM by Garmin® flight deck, Safe Return utilizes all available aircraft data streams, including available fuel, to safely navigate the Vision Jet to the identified airport and transition on to final approach for the appropriate runway based on ground winds. Autothrottle – launched earlier this year on the new G2 Vision Jet –and the automatic flight control system manage the aircraft’s speed, altitude and path, while the system automatically lowers the flaps and landing gear on final approach. Safe Return culminates in the aircraft making a fully autonomous landing on the intended runway and coming to a complete stop, allowing passengers to exit the aircraft.
Included during this entire process is constant communication with ATC – another layer of autonomy that provides assurance to passengers experiencing a critical situation. Upon activation, Safe Return immediately transmits an emergency message to ATC. Using text and speech technology, the system communicates the aircraft’s intentions over the appropriate ATC frequency, the 121.5 emergency voice frequency, and also switches to the universal emergency transponder code. ATC is automatically updated at regular intervals of the aircraft’s location, emergency situation and intended airport landing location. These communications begin the process of activating emergency services at the airport of intended landing to assist the passenger and pilot upon arrival. Safe Return can be easily disengaged by the pilot with a simple press of the Autopilot disconnect button on the yoke if a passenger inadvertently activates the system.
In 2016, Cirrus Aircraft ushered in a new era in personal transportation with the FAA certification of the world’s first single-engine Personal Jet – the Vision Jet. The turbine aircraft defined a new category in aviation – the Personal JetTM – with its spacious pilot and passenger-friendly cabin featuring panoramic windows, reclining seats, comfortable legroom for five adults and two children and the only turbine aircraft with a whole airframe parachute system as standard equipment. Earlier this year, Cirrus Aircraft unveiled and began delivery of the G2 Vision Jet, offering enhanced performance, comfort and safety with increased cruise altitude, speed and range, and a newly-upgraded Perspective Touch+TM by Garmin® flight deck. The company expects to begin delivery of Vision Jets equipped with Safe Return in early 2020.
More information on Safe Return and the G2 Vision Jet can be found at www.cirrusaircraft.com/visionjet.
Duluth, Minn. & Knoxville, Tenn. – Cirrus Aircraft has announced the TRAC Series, a purpose-built configuration of the best-selling SR Series line of aircraft developed specifically for flight training institutions. The TRAC Series is thoughtfully crafted with reliability, durability and economy in mind to meet the rigors of high-tempo flight operations, while providing industry-leading safety and performance for both the pilot trainee and flight instructor. Combining the Perspective+TM by Garmin® flight deck along with the unrivaled performance and safety uniquely found in the SR Series, the TRAC Series includes tailored features such as rear seat push-to-talk functionality and a landing gear simulator aimed at increasing training productivity.
“Our commitment to flight training goes far beyond innovation in aircraft design to include a unique approach to attracting and training future generations of aviators,” said Zean Nielsen, CEO at Cirrus Aircraft. “The TRAC Series delivers a 21st century solution for world-class, forward-thinking flight training institutions.”
Designed to be the ultimate training platform, the technologically-advanced TRAC Series boasts an impressive list of features and capabilities that complement the aircraft’s stable flight characteristics. The integrated Perspective+ flight deck includes two large flight displays, a Flight Management System (FMS) keypad controller, an Electronic Stability and Protection system, as well as integrated engine indication and crew alerting/warning systems – all features found on today’s advanced airliners.
“Premier flight programs around the world continue to select Cirrus Aircraft for their training fleets,” said David Moser, Vice President of Fleet & Special Mission Aircraft Sales at Cirrus Aircraft. “These partnerships have been instrumental in our development of the technologically-advanced, cost-effective TRAC platform designed exclusively for leading flight academies and universities across the globe.”
Cirrus Aircraft has redesigned the interior to meet the unique needs of a high-utilization training environment, replacing the luxury materials found in the SR Series with a durable all-weather floor liner and easy to clean wear-resistant seats. The spacious cabin provides an optimal workspace to learn and train, with more space than typical training aircraft, rear seats for additional students or observers and optional air conditioning for comfort in all seasons.
The TRAC SR20 comes equipped with a modern Lycoming IO-390, 215HP power plant, providing reliability and efficiency for up to 2,400 hours before overhaul, and features a durable all-composite airframe structure with the signature Cirrus Airframe Parachute System® (CAPS®), making the TRAC Series one of the safest and most versatile training airplanes available today. The TRAC Series is further enhanced by a wide array of interactive, tailored flight training content through Cirrus ApproachTM, including online courses, engaging videos and the award-winning iFOM (interactive Flight Operations Manual) for convenient learning anywhere in the world.
With the TRAC Series, Cirrus Aircraft is poised to expand an already impressive list of world-class flight training programs around the globe that operate fleets of Cirrus aircraft, including Emirates Airline, Lufthansa Aviation Training, the United States Air Force Academy, Airbus Flight Academy, Western Michigan University, Oklahoma State University, Japan Civil Aviation College, the Royal Saudi Air Force and many more.
Sun Country Airlines,a small Minnesota-based, low-cost carrier owned by private-equity firm Apollo Global Management, plans to file for an initial public offering as soon as April, Sun Country’s CEO said Tuesday in an interview.
“Our earnings are supportive,” Jude Bricker told Skift at the International Aviation Forecast Summit in Las Vegas. “I think there’s a market for an airline that is growing.”
If Sun Country were to go public next year, it would be a fast turnaround for Apollo, which acquired the airline in December 2017. The previous owners, Mitch and Marty Davis, who also control Cambria, a maker of stone countertops, had managed Sun Country more like a family business than a medium-sized airline. Apollo has cut costs and changed the model, dropping first class, adding fees and making more it like Frontier Airlines or Spirit Airlines than an undersized competitor to Delta Air Lines or American Airlines.
Click the link for the full story! https://finance.yahoo.com/news/u-discount-carrier-sun-country-180032662.html
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