Tag Archives: A320

JetBlue adds its first destination from Baltimore/Washington to Florida

JetBlue Airways (New York) today announced its intent to expand at Baltimore/Washington Thurgood Marshall International Airport, with twice daily service to Fort Lauderdale-Hollywood International Airport. The new non-stop route to Fort Lauderdale-Hollywood will launch in November and seats will go out for sale with the upcoming November schedule release.

JetBlue also serves the Baltimore/Washington region with flights from Ronald Reagan Washington National Airport (DCA) and Dulles International Airports (IAD).

Copyright Photo: Jay Selman/AirlinersGallery.com. Airbus A320-232 N552JB (msn 1861) arrives in Las Vegas.

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Allegiant announces 22 new routes, will acquire two more Airbus A320s

Allegiant Air (Las Vegas) has announced new, nonstop jet service on 22 routes, including a new destination in the Allegiant network — Savannah-Hilton Head, Georgia.

New routes announced include:

Seasonal Nonstop Service to Austin-Bergstrom International Airport (AUS) from:

1. Cincinnati, Ohio – begins June 4, 2015

Seasonal Nonstop Service to Los Angeles International Airport (LAX) from:

1. Little Rock, Ark. – begins June 4, 2015

Seasonal Nonstop Service to Telluride, Colorado via Montrose Regional Airport (MTJ) from:

1. Los Angeles, California – begins June 5, 2015

Seasonal Nonstop Service to Myrtle Beach International Airport (MYR) from:

1. Akron / Canton, Ohio – begins June 3, 2015

2. Clarksburg, West Virginia – begins June 5, 2015

3. Indianapolis, Indiana – begins June 4, 2015

4. Sanford (near Orlando, Florida) – begins June 4, 2015

5. Pittsburgh, Pennsylvania – begins June 5, 2015

Seasonal Nonstop Service to Oakland International Airport (OAK) from:

1. Omaha, Nebraska – begins May 1, 2015

Seasonal Nonstop Service to Savannah-Hilton Head International Airport (SAV) from:

1. Akron / Canton, Ohio – begins May 21, 2015

2. Cincinnati, Ohio – begins May 8, 2015

3. Columbus, Ohio – begins June 4, 2015

Year-Round Nonstop Service to Fort Lauderdale-Hollywood International Airport (FLL) from:

1. Concord, North Carolina – begins May 8, 2015

2. Memphis, Tennessee – begins May 22, 2015

Year-Round Nonstop Service to Las Vegas McCarran International Airport (LAS) from:

1. Brownsville, Texas – begins June 4, 2015

2. Memphis, Tennessee – begins May 22, 2015

Year-Round Nonstop Service to Los Angeles International Airport (LAX) from:

1. Boise, Idaho – begins June 5, 2015

Year-Round Nonstop Service to Orlando-Sanford International Airport (SFB) from:

1. Memphis, Tennessee – begins May 22, 2015

2. Raleigh-Durham, North Carolina – begins May 7, 2015

Year-Round Nonstop Service to Punta Gorda Airport (PGD) from:

1. Raleigh-Durham, North Carolina – begins May 7, 2015

Year-Round Nonstop Service to St. Petersburg-Clearwater International Airport (PIE) from:

1. Akron / Canton, Ohio – begins May 21, 2015

2. Raleigh-Durham, North Carolina – begins May 6, 2015

Over the years, Allegiant has carried over 43 million passengers, and the company continues to grow, offering more nonstop service in more communities. In 2014, Allegiant announced service in six new cities and added 25 new routes to its network, at a time when many airlines are consolidating and cutting service. The company recently announced its 48th consecutive quarter of profitable operation while keeping its average one-way fare under $100.

Allegiant Travel Company also announced that it has entered into an agreement to purchase two additional A320 aircraft. The aircraft are currently being operated by Philippine Airlines (Philippines) and are scheduled to enter the Allegiant operating fleet toward the end of 2015.

Including the two A319s that deliver in 2015, which were announced on February 23, the company now expects 2015 CAPEX to be approximately $230 million.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Airbus A320-214 N217NV (msn 1347) arrives at Orlando-Sanford International Airport (SFB).

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Frontier Airlines to add two more routes from Cincinnati

Frontier Airlines (2nd) (Denver) has announced two additional routes from its expanding operations at Greater Cincinnati-Northern Kentucky International Airport (CVG). The carrier will add new routes to Atlanta and Fort Myers starting on April 30.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-214 N219FR (msn 1860) with Jack, the Hare, on the tail, taxies to the runway at Seattle-Tacoma International Airport.

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Vienna to become the first base for the new Eurowings outside of Germany

Eurowings A320-200 D-AIZQ (15)(Grd) HAM (Lufthansa)(LRW)

Lufthansa Group (Lufthansa) has announced Vienna will be the first base for the new Eurowings outside of Germany. The group issued this statement:

The new Eurowings will have its first base outside Germany in Vienna. Following close consultation with Austrian Airlines and at the carrier’s own request, two Airbus A320 aircraft are to be stationed there initially, offering point-to-point connections on European routes. The aircraft are to fly in the colors of the new Eurowings. It is planned to staff the aircraft with crews from Austrian. This partnership is possible as a result of Austrian’s new collective agreement, which was entered into in December 2014 and offers additional prospects to the 900 pilots and 2,300 flight attendants. The agreement also means that employees are making an important contribution to the future viability and competitiveness of Austrian Airlines.

The first Airbus A320 took off on February 1, 2015 (above) in the new Eurowings livery for its maiden flight from Hamburg to Prague, with seating for 162 passengers on board. Further aircraft featuring the new design will follow in the coming weeks.

Photo: Lufthansa. Eurowings’ first A320, the pictured A320-214 D-AIZQ (msn 5497) was transferred from Lufthansa on January 25. Currently Eurowings operates as a Lufthansa Regional carrier.

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Virgin America reports 4Q net income of $28.1 million and $84.4 million for 2014

Virgin America (San Francisco) today reported its financial results for the fourth quarter and full year 2014. Key points include:

Fourth quarter 2014 operating income of $34.2 million and net income of $28.1 million, excluding special items[1]. This represents the highest net income for a fourth quarter in Company history and the ninth consecutive quarter of year-over-year improvement in income, excluding special items. On a GAAP basis, operating and net income for the fourth quarter of 2014 and 2013 were $10.1 million and $3.9 million, respectively.

2014 full year net income of $84.4 million, excluding special items. Full year net income increased by $74.2 million over 2013 – a seven-fold increase, and was the highest in the Company’s history. Operating and net income on a GAAP basis for the full year 2014 were $96.4 million and $60.1 million, respectively.

2014 full year RASM increased 4.6 percent compared to 2013, to 12.17 cents.
The Company successfully completed its initial public offering (IPO) in November 2014, increasing cash by $214.4 million and significantly reducing outstanding debt. Virgin America ended the year with $394.6 million in total unrestricted cash and cash equivalents.

“2014 was a remarkable year for Virgin America on every front,” said David Cush, Virgin America’s President and Chief Executive Officer. “We achieved record profitability and significantly strengthened our balance sheet by going public in the second largest airline IPO in history. Both our existing and new investors have shown confidence in our low-cost, high-amenity business model – and we’ve continued to sweep the major travel awards for both operational excellence and our innovative service. Importantly, we’ve also continued to exceed the industry average in Revenue per Available Seat Mile (RASM) growth and also shown a significant RASM premium on some of the nation’s most competitive business routes. Our 2014 results are a credit to both our guest-focused Teammates and a consistent, award-winning product.”

Fourth Quarter 2014 Financial Highlights

Operating Revenue: Total operating revenue of $372.2 million, an increase of 3.4 percent over the fourth quarter of 2013.

Revenue per Available Seat Mile (RASM): RASM increased 3.7 percent compared to the fourth quarter of 2013, to 12.23 cents. Year-over-year RASM growth was driven by a 2.7 point increase in load factor, offset partially by a 1.8 percent decline in yield, and also by a 25.5 percent growth in other revenue attributable to Virgin America’s new co-branded credit card agreement that was implemented in early 2014 and strength in other ancillary products.

Cost per Available Seat Mile (CASM): Total CASM excluding special items increased 0.7 percent compared to the fourth quarter of 2013, to 11.10 cents. CASM excluding special items, fuel costs and profit sharing for the quarter increased 4.2 percent year-over-year, to 7.16 cents.
Fuel Expense: Virgin America realized an average economic fuel cost per gallon including taxes and the impact of hedges of $2.87, which was 8.9 percent lower year-over-year. This amount excludes $2.8 million of mark-to-market costs for fuel hedges that will mature in 2015 and which did not qualify for hedge accounting treatment.

Operating Income: Fourth quarter 2014 operating income excluding special items increased by 45.1 percent over the fourth quarter of 2013 to $34.2 million. The Company’s operating margin excluding special items of 9.2 percent improved by 2.6 points year-over-year.
Net Income: Net income excluding special items for the fourth quarter increased 98.4 percent year-over-year, to $28.1 million. The Company’s IPO and related reduction in outstanding debt resulted in a $3.2 million decrease in net interest and other expense, contributing to the strong improvement in net income.

Fully Diluted EPS: Fully diluted earnings per share was $0.16 for the fourth quarter of 2014 on a GAAP basis. Excluding special items, fourth quarter 2014 fully diluted earnings per share was $1.16.

Capacity: Available seat miles (ASMs) for the fourth quarter of 2014 decreased 0.3 percent year-over-year. The airline ended the quarter with 53 Airbus A320-family aircraft.

Liquidity: Unrestricted cash was $394.6 million as of December 31, 2014.
Fourth Quarter 2014 Pro Forma Diluted Earnings per Share

Virgin America’s capital structure and number of common shares outstanding were materially changed in November 2014, upon completion of its IPO. The fully diluted share count for the fourth quarter of 2014 determined on a GAAP basis reflects the weighted average of common stock outstanding prior to the offering and subsequent to the offering. On a pro forma basis as if the offering had occurred prior to October 1, 2014, fourth quarter 2014 fully diluted earnings per share excluding special items would have been $0.71, based on a fully diluted share count of 44.6 million shares and net income excluding special items available to common shareholders of $31.6 million. Virgin America is providing this pro forma information to present a more meaningful basis of comparison for fully diluted earnings per share in future periods.

Special Items

Virgin America recorded $24.2 million in expense related to certain special items during the fourth quarter 2014 that have been excluded from the above commentary. These items include:

$20.4 million for equity related compensation recorded upon completion of the IPO and other related offering expenses.
$1.0 million for costs associated with terminating service to Philadelphia International Airport and Dallas-Fort Worth International Airport.
$2.8 million of mark-to-market adjustments for hedges related to 2015 that did not qualify for hedge accounting treatment.
Please see “Non-GAAP to GAAP Reconciliations” below for reconciliations of non-GAAP financial measures used in this release and the reasons management uses these measures.

First Quarter 2015 Outlook

The Company expects capacity, as measured by available seat miles, to increase by approximately 2.0 percent to 3.0 percent for the first quarter of 2015 as compared to the first quarter of 2014. Based on current revenue trends, the Company expects PRASM to change between -1.0 percent and +1.0 percent versus the first quarter of 2014. The Company expects CASM excluding fuel and profit sharing to increase between +1.0 percent and +3.0 percent versus the first quarter of 2014.

Based on Virgin America’s hedge portfolio and current market prices for aviation fuel products, the Company expects Virgin America’s economic fuel cost per gallon inclusive of related taxes and hedge costs to average between $2.45 and $2.55 for the first quarter of 2015. This number may change depending on fluctuations in market prices for jet fuel during the quarter.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-214 N629VA (msn 3037) arrives in Los Angeles.

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JetBlue Airways issues a statement on Lufthansa’s incentive offer to exchange Lufthansa notes for JetBlue stock outside of the United States

JetBlue Airways Corporation (New York) has issued this statement below concerning its partner Lufthansa (Lufthansa Group) (Frankfurt). Lufthansa has offered to its note holders a voluntary option to exchange Lufthansa notes for JetBlue stock:

JetBlue Airways Corporation Chief Financial Officer Mark Powers issued the following statement on the incentive offer commenced by Deutsche Lufthansa AG for bonds issued by its subsidiary in 2012 which are exchangeable for shares of JetBlue common stock:

“Lufthansa and its board representatives have been valued professional colleagues to JetBlue for many years and we expect to continue our various commercial relationships going forward. This offer, which is a continuation of a transaction that began in 2012, will have no impact on our outstanding share count.”

The response is in reaction to the following announcement by Lufthansa to permit voluntary exchange of Lufthansa notes into shares of JetBlue Airways Corporation:

Deutsche Lufthansa AG (“Lufthansa”) is launching a voluntary incentive payment offer (the “Offer”) to holders of the EUR 234.4 million 0.75% exchangeable senior notes due 2017 (the “Notes”) issued by Lufthansa Malta Blues LP (the “Issuer“) and guaranteed by Lufthansa, to exchange their Notes into shares of common stock (the “Shares”) of JetBlue Airways Corporation (“JetBlue”) on the terms and subject to the conditions set forth in the Incentive Payment Offer Document dated February [18], 2015 (the “Incentive Payment Offer Document”).

Lufthansa will offer a cash incentive payment (the “Cash Incentive Payment”) to holders of the Notes (each a “Noteholder”) who exercise their exchange rights prior to the expiration of the offer on March 17, 2015 at 11:59 p.m., New York City time (the “Expiration Deadline”).

Noteholders who validly accept the Offer prior to or at 5:00 p.m., New York City time, on March 3, 2015 (the “Early Participation Deadline”) will be eligible to receive the Early Participation Consideration, equal to EUR 2,500 per EUR 100,000 principal amount of Notes that are duly submitted for acceptance (the “Early Participation Consideration”). Noteholders who validly accept the Offer after that time but prior to the Expiration Deadline will be eligible to receive the Incentive Offer Consideration only, equal to EUR 1,750 per EUR 100,000 principal amount of Notes that are duly submitted for acceptance (the “Incentive Offer Consideration”). No accrued interest will be paid, and no further payments will be made in respect of Notes exchanged in connection with the Offer.

Noteholders may withdraw their acceptances at any time prior to the Expiration Deadline (11:59 p.m., New York City time on March 17, 2015). Subject to the requirements of applicable law, the expiration time of the Offer and the deadlines for accepting and withdrawing may be extended by Lufthansa in its discretion.

The payment of the Early Participation Consideration or the Incentive Offer Consideration, as the case may be, and the delivery of the Shares are expected to take place on March 26, 2015.

The Offer will not impact the rights of the Noteholders that do not submit their Notes for acceptance in the Offer.

If following the Offer, 90% or more of the Notes originally issued have been exchanged, Lufthansa will have the right to redeem the remaining Notes that remain outstanding at their principal amount together with accrued interest, pursuant to the Indenture governing the Notes.

About the Notes

In 2012, through a fully consolidated Lufthansa Group company, Lufthansa successfully raised EUR 234.4 million in gross proceeds through the issuance of the Notes. The Notes are due in 2017 and are exchangeable into Shares of JetBlue at the option of the Noteholders.

With this incentive payment offer Lufthansa Group intends to improve its financial debt profile. A successful transaction will allow for an early retirement of the Notes and a corresponding reduction in Lufthansa Group’s balance sheet debt, while finalizing the disposition of all or part of its share in JetBlue that was initiated through the issuance of the Notes in 2012.

Morgan Stanley & Co. International plc is acting as dealer manager for the Offer.

DISCLAIMERS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR INTO ANY JURISDICTION INTO WHICH SUCH DISTRIBUTION WOULD BE UNLAWFUL. THIS NOTICE IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF OFFERS TO SELL SECURITIES. THE OFFER IS BEING MADE SOLELY PURSUANT TO THE INCENTIVE PAYMENT OFFER DOCUMENT.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Airbus A320-232 N663JB (msn 3287) in the Windowpane tail motif prepares to land in Las Vegas.

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JetBlue Airways celebrates 15 years of flying with a new values logo jet

 

JetBlue Airways (New York) has repainted its Airbus A320-232 N598JB (msn 2314) in a new 15th Anniversary special color scheme that features keywords that represents the values of the company.

The pictured N598JB is now flying in the system (it departed Fort Lauderdale/Hollywood this morning bound for Lima, Peru) emblazoned with the five founding values across the fuselage and a brand new name: Bluemanity!

Later on February 17 JetBlue issued this statement:

JetBlue Airways today (February 17) unveiled its newest unique plane design, dedicated to JetBlue’s 16,000 crewmembers, and emblazoned with the values they share as they go above and beyond every day inspiring humanity. The salute comes as JetBlue celebrates 15 years this month of forging a uniquely contrarian path in air travel, originating with the same values that define the airline today.

The new livery, which has been applied to a JetBlue Airbus A320, features a word cloud of JetBlue’s mission of “Inspiring Humanity” and the core values that continue to set it apart: Safety, Caring, Integrity, Passion and Fun.

“In all our JetBlue cities, there are amazing stories of crewmembers going above and beyond to help our Customers and one another,” said Mike Elliott, senior vice president, people. “This plane with our values proudly displayed across the fuselage is a tribute to all JetBlue crewmembers, the best in the industry, who take our mission to inspire humanity and make it real every day.”

Bluemanity joins JetBlue’s fleet of 206 aircraft immediately, and flies as a symbol of appreciation to all those crewmembers who will ever touch it as it makes its way across our network.

Design Inspired by Jaelyn

The idea to honor crewmembers was inspired by a story that demonstrates JetBlue’s unique culture in action. In 2013, several crewmembers in Tampa stepped up to help the young granddaughter of one of their own who was facing a life-threatening heart condition called myocarditis. After Tech Ops crewmembers across the network held a fundraiser, $3,000 of the funds were stolen from a crewmember’s car. The event moved the entire community to rally around the little girl on her journey to a new heart.

JetBlue design inspired by Jaelyn

Next to the forward door of the aircraft, every customer who boards will see the symbol “Design Inspired by Jaelyn.” The emblem serves as a dedication to little Jaelyn, her new heart, and the crewmembers and their families who made it possible.

Continuing a contrarian model

Since JetBlue inaugurated service between New York’s John F. Kennedy International Airport (JFK) and Fort Lauderdale-Hollywood, Florida, with two daily nonstop flights on February 11, 2000, it quickly became known for its differentiated customer-focused approach, disrupting the traditional airline model during a difficult period for legacy airline carriers.

Today, JetBlue operates more than 825 daily flights to 87 destinations across the United States, the Caribbean, and Central and South America with a fleet of more than 200 aircraft, and continues to challenge industry standards. JetBlue offers the most legroom of any airline in coach(a), free seatback entertainment, unlimited free snacks and free Fly-Fi broadband internet. Even with these features, the airline recognizes the most powerful differentiator is the dedicated individuals who support their customers every day with safety, caring, integrity, passion, and fun.

Top Copyright Photo: Derin Allard/AirlinersGallery.com. Airbus A320-232 N598JB (msn 2314) arrives at Long Beach with the new design to celebrate 15 years of flying.

Below Photo: JetBlue Airways.

JetBlue A320-200 N598JB (15-15th Anniversary)(Tail)(JetBlue)(LRW)

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Video: By JetBlue Airways.

<p><a href=”https://vimeo.com/119853660″>JetBlue N598JB</a> from <a href=”https://vimeo.com/user19954503″>Bruce Drum</a> on <a href=”https://vimeo.com”>Vimeo</a&gt;.</p>

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