WestJet (Calgary) yesterday (October 28) launched new nonstop seasonal service between Calgary and Miami, Florida, home to the largest cruise ship port in the world. The first flight leaves Calgary International Airport at 1:30 p.m. MDT and arrives at Miami International Airport at 8:45 p.m. EDT .
Details of WestJet’s new non-stop seasonal service between Calgary and Miami are:
|1500||Calgary at 1:30 p.m.||Miami at 8:43 p.m.||October 28, 2013|
|1501||Miami at 9:35 a.m.||Calgary at 1:45 p.m.||October 29, 2013|
The launch marks the start of service four times weekly on Mondays, Thursdays, Fridays and Saturdays until December 14, 2013 . Effective December 16, 2013 , the service increases to six times weekly (Monday through Saturday).
Miami International Airport is a major hub of American Airlines, one of WestJet’s airline partners. From Miami , WestJet guests have the opportunity to connect to many different AA destinations throughout the United States , Central and South America. WestJet guests may also access Miami via American Airlines codeshare flights from Toronto and Montreal.
Copyright Photo: Bruce Drum/AirlinersGallery.com. Boeing 737-7CT WL C-FEWJ (msn 32769) taxies to the gate at Miami International Airport.
Qatar Airways (Doha), not surprisingly, given its expanding relationship with American Airlines (Dallas/Fort Worth), is coming to Miami. The fast-growing carrier will add the Doha-Miami nonstop route on June 1, 2014 with Boeing 777-200 LRs. The route will operate initially four days a week according to the Miami Herald. This will open a lot of Asian one stop connections via Doha’s new Hamad International Airport for South Florida passengers.
The Doha route will be the longest passenger route from MIA at 6,6667 nautical miles, making it one of the longest air routes in the world.
Qatar Airways will join the Oneworld alliance on October 30, 2013.
Read the full article: CLICK HERE
Update: Qatar Airways made the news official on Monday, October 21 with this announcement:
Qatar Airways, the national carrier for Qatar, has announced Miami (IATA code: MIA) to be its sixth destination to the U.S. beginning on June 10, 2014. The airline will offer nonstop flights from its hub in Doha four-times per week aboard a Boeing 777.
Qatar Airways currently operates to Chicago (O’Hare), Houston (Bush Intercontinental), New York (JFK), and Washington D.C. (Dulles), in the U.S. and will add Philadelphia in April 2014. The airline will operate a Boeing 777-200 LR to Miami with a two-class configuration with 42 seats in Business and 217 seats in Economy.
Qatar Airways will begin operations to and from Miami (MIA) as per below schedule effective June 10, 2014:
|Tuesday, Thursday, Saturday and Sunday
QR777 Departs DOH 08:40 hrs Arrives MIA 17:20 hrs Travel time: 15:40
Tuesday, Thursday, Saturday and Sunday
QR778 Departs MIA 21:15 hrs Arrives DOH 18:20 hrs +1 day Travel time: 14:20
Qatar Airways has seen rapid growth in just 16 years of operations, currently flying a modern fleet of 129 aircraft to 131 key business and leisure destinations across Europe, Middle East, Africa, Asia Pacific and The Americas.
In 2013, Qatar Airways has launched ten destinations to date – Gassim (Saudi Arabia), Najaf (Iraq), Phnom Penh (Cambodia), Chicago (USA), Salalah (Oman), Basra (Iraq), Sulaymaniyah (Iraq), Chengdu (China), Addis Ababa (Ethiopia), and most recently Ta’if (Saudi Arabia).
Over the next few weeks and months, the network will grow further with Clark Manila International Airport, Philippines (October 28) and Philadelphia, USA (April 2, 2014).
Copyright Photo: Paul Denton/AirlinersGallery.com. Qatar Airways Boeing 777-2DZ LR A7-BBG (msn 36101) prepares to land at Johannesburg.
- Serve almost a thousand airports in more than 150 countries, with 14,000 daily departures.
- Carry 480 million passengers a year on a combined fleet of more than 3,200 aircraft.
- Generate US$ 140 billion annual revenues.
- The addition of Malaysia Airlines, one of this industry’s most frequent award winners, six months ago, further strengthening oneworld’s position in South East Asia, one of the fastest growing regions for air travel demand.
- The induction on October 30, 2013 of Qatar Airways, the only one of the “Gulf Big Three” carriers slated to join any of the global airline alliances and one of the world’s fastest growing and most highly rated airlines. This will make oneworld the leading alliance in the Middle East, one of the world’s fastest growing regions for air travel demand.
- The introduction early next year of SriLankan Airlines, as the first airline from the Indian subcontinent to join any global alliance, which, with Qatar Airways, will make oneworld the leading alliance in the region.
- The proposed switch by US Airways from Star to oneworld as part of its planned merger with American Airlines, subject to necessary approvals.
Copyright Photo: Brian McDonough/AirlinersGallery.com. LAN Colombia’ Airbus A320-233 CC-CQN (msn 3319) prepares to land at Miami.
AeroMexico (Mexico City) has announced the start of its AeroMexico Contigo program as of October 1.
According to the carrier, “the new product will provide migrant customers residing in Mexico or in the United States, who travel frequently between the two countries, a specific Call Center and personal assistance at participating airport check-in counters, to help the passengers fill out their immigration forms, transportation of oversized packages, connections to the airline’s route network and attention on both sides of the border, as well as competitive rates for this important passenger segment.”
The carrier has configured four of its Boeing 737-800 airplanes to offer this new service, with 174 seats. The three front rows – 18 seats – will feature the AM Plus seat configuration, with more legroom and angle in the reclining backrests, among other benefits. The other 156 seats will be in Economy Class.
Some of the destinations featuring the Aeromexico Contigo product include:
|Destinations Within Mexico|
|Guadalajara – Tijuana||28 weekly flights|
|Culiacan – Tijuana||14 weekly flights|
|Guadalajara – Chicago||7 weekly flights|
|Guadalajara – Ontario||7 weekly flights|
|Guadalajara – Los Angeles||14 weekly flights|
|Guadalajara – Fresno||3 weekly flights|
|Guadalajara – Sacramento||3 weekly flights|
In addition to this product’s unique benefits, AeroMexico will continue to provide complimentary on board beverages and entertainment services, and one piece of checked luggage weighing up to 55 pounds, with a 22 pounds carry-on for travel between Mexico and the United States. Passengers traveling from the United States to Mexico can also check a 50 pounds piece of luggage and carry a 22 pounds bag on board.
Copyright Photo: Brian McDonough/AirlinersGallery.com. AeroMexico’s Boeing 737-852 EI-DRC (msn 35116) approaches the runway at Miami International Airport.
Boeing (Chicago) yesterday (August 29) marked the launch of 787 customer training in Miami, site of the company’s largest commercial aviation training campus. AeroMexico (Mexico City) and LAN Airlines (Santiago) are the first two customers to train on the 787 suites at the Boeing Flight Services Miami campus.
Boeing has greatly enhanced its overall training capability in Florida following an announcement in March 2013 that the company would relocate training devices from Seattle to Miami. To better serve airlines and meet growing personnel training requirements, two 787 full-flight simulators are now located at the Miami campus as well as an additional Next-Generation 737 full-flight simulator and 717, 747 and 767 simulators. An additional 777 simulator will locate in Miami later this year. These seven devices will bring total capability in Miami to 17 full-flight simulators across airplane types, making the campus one of the largest commercial flight training facilities in the world.
According to Boeing, “the consolidation of Boeing flight training campuses in the Americas is designed to bring training closer to where customers operate, reducing travel times for airline crews and the costs of sending students for training. Miami is an international hub for commercial aviation training and provides geographic diversity within the framework of Boeing’s global commercial training network – and convenience that airlines prefer.”
Boeing Flight Services, a business unit of Commercial Aviation Services, operates a geographically diverse network of 20 flight and maintenance training campuses on six continents. In addition to Miami, Boeing offers 787 training in strategically located campuses in Singapore, Shanghai and London.
Top Copyright Photo: Boeing. At the opening event attended by Florida Governor Rick Scott as well as a number of other federal, state and local officials, community leaders and airline customers, Boeing also established Miami as its pro forma flight training campus for the Americas — the location where airline crews will receive the initial training provided to Boeing customers for new model airplane introductions. Florida Governor Rick Scott (left) and Sherry Carbary, vice president, Boeing Flight Services (right) are seen inside the 787 simulator at the Miami campus.
Bottom Copyright Photo: Boeing. Pictured here is the advanced 787 full-flight simulator at the Miami campus.
El Al Israel Airlines (Tel Aviv) reported a net profit of $3.7 million in the second quarter. This is a reversal from a loss of $6.1 million in the same quarter a year ago.
The company issued this financial statement:
Profits for this quarter totaled about $3.7 million, compared to a loss of $6.1 million in the second quarter of 2012
Company revenues for the second quarter of 2013 totaled $529.7 million, compared to $516.8 million in the second quarter last year
The ratio of gross profits to turnover increased from 15.1% to 15.5% and totaled $82.0 million compared to $78.1 million in the parallel quarter of last year
Elyezer Shkedy, El Al’s President & CEO:
“The Company continues to match its activities to the realities of the market place and thus continues to become more efficient. During the second quarter of 2013 the Company increased the number of available seats for sale by 7% compared to the parallel quarter of last year, while maintaining a similar level of expenditure and a reduced number of employees. Efficient use and operation of the Company’s aircraft brought about passenger load factors of about 82.4%.
The Company reports a profit as well as positive cash flows, while it continues with its investment plans, including payments for purchases of new Boeing 737-900 aircraft as part of a business transaction for the purchase of six aircraft with options for two more.
The first 737-900 of this contract will enter in service with El Al in October 2013.
As part of the Company’s overall business and operational assessment, El Al continues to reduce the number of aircraft types in operation. During the coming months we plan to remove the fleet of 767-200s, bringing the number of aircraft types we operate to four only (reduced from seven, that included our 747-200s, the 757s and the 767-200s).
During the second quarter, El Al continued to develop its strategic plans in response to world market trend in international civil aviation (including the open-skies policies). The Company is presently crystallizing new plans for short-haul flights using five 737-800s on routes still to be decided by the Company’s Management. The aim is to integrate the new plans and schedules no later than the summer of 2014.
Further to the agreement that was achieved with the Government and the Ministry of Finance when the open skies policy into effect, the Government’s portion for security expenditures for Israeli airlines was increased to 85%, starting 1.5.2013. The balance of the agreement will be implemented during 2013 and in early 2014, if the appropriate terms and conditions of the agreement are met.
The FIMI Investment Company announced that they are giving the Company an extension of 45 days to finalize the conditions for the agreement. This period ends on August 29, 2013. They noted that the negotiations on a new comprehensive labor agreement are advancing slowly.
I do hope that the Company employees grasp the importance of reaching a new agreement. I expect the members of the workers’ committee to act responsibly and to take immediate action to formulate a new collective labor agreement, which, amongst other things, will enable FIMI to become an active investor in El Al; will allow the Company to advance and grow; and will enable the Company to face the open skies policies and the ever-increasing competition successfully.
I’d like to thank the entire El Al family – on the ground, in the air, in Israel and abroad – who work so determinedly and devotedly to overcome the difficult challenges facing us. We are committed to providing our customers with the very finest services and products through our ongoing efforts to surmount and meet the challenging market conditions.”
El Al Israel Airlines published its financial reports summarizing the first half of 2013, as well as for the second quarter of the year. The main points follow:
Financial results for the second quarter 2013:
- Revenues for the present quarter totaled $529.7 million, compared to $516.8 million in the parallel quarter of last year, an increase of about 2.5%. Revenues from passengers increased by about 4%, the result of the increased number of passengers carried, after offsetting the drop in revenue per passenger-kilometer. Revenues from charter services dropped by about 12.9% as a result of reduced activity of our Sun D’Or charter subsidiary. Cargo revenues dropped by about 6.4% as a result of the reduction ton-kilometer revenues and the general reduction in cargo activities.
- Operating expenses in the second quarter under review increased by about 2% to about $447.8 million, compared to $438.7 million in the parallel quarter of last year, largely as a result of increased volume of activities, the ratio of which on turnover during the second quarter of 2013 dropped from about 84.9% to about 84.5% during this quarter. In addition to an increase in cost of salaries as explained further on, and changes in currency exchange rates, after offsetting the reduction in fuel expenses – as explained further on. During the 2nd quarter of 2013 the number of permanent and temporary employees in the Company was on average 5,906, compared to 5,938 in the parallel quarter of last year.
- Aviation fuel costs during this quarter dropped by about $7.5 million compared to in the parallel quarter of last year, a reduction of about 4.0%. Market prices of aviation fuel during the quarter dropped by about 6.9% on average, compared to in the parallel quarter of last year. During the reported quarter the Company recorded costs of $3.9 million as a result of a decrease in fair value of hedging transactions that are not recognized for accounting purposes, compared to costs of about $6.5 million for similar hedging costs in the parallel quarter of last year. On the other hand the increased activities increased fuel costs during the quarter by about $5.8 million, while aviation-fuel hedging expenses grew by about $2.0 million during this quarter, compared to in the parallel quarter of last year ($3.8 million compared to $1.8 million). Fuel costs during the reported quarter totaled about 40.0% of our total operating expenditures, compared to 42.5% in the parallel quarter of last year.
Cost of salaries during the 2nd quarter of 2013 rose in comparison with the parallel quarter last year. Most of the increase is the result of the strengthening of the shekel exchange rate vis-à-vis the dollar, compared to in the parallel quarter of last year, plus the creeping increase in salaries.
- Gross profits for the quarter totaled about $82.0 million (a ratio of about 15.5% on turnover), compared to $78.1 million in the parallel quarter last year (a ratio of 15.1% on turnover).
- The operating profits were about $7.0 million compared to an operating profit of $2.4 million in the parallel quarter of last year.
- Financing. In this quarter the Company had net financing costs (after offsetting financing revenues) about $2.1 million, compared to net financing costs of $10.4 million in the parallel quarter of last year. The change is largely the result of the benefits of receipts from foreign currency hedging but that was set off by the increases caused by changes in exchange rates.
- Net profits for the second quarter of 2013 totaled $3.7 million, compared to a loss of about $6.1 million in the parallel quarter of last year.
- Cash flow from regular activities during the 2nd quarter 2013 totaled about $47.8 million, compared to $14.1 million in the parallel quarter of last year. Cash flow for the first 6 months of the year totaled about $128.3 million.
- The EBITDA for El Al for the second quarter of 2013 totaled about $31.9 million. Compared to $29.7 million in the parallel quarter of last year.
Results for the first half of 2013:
- Revenues for the first half of this year totaled about $960.7 million, compared to $945.9 million in the parallel quarter of last year, an increase of about 1.6%.
- Operating expenditure for the first half of 2013 totaled about $840.9 million, compared to $827.3 million in the parallel quarter of last year, an increase of about 1.6%. The change is largely the result of increased costs of salaries as explained below, while the ratio on turnover remains almost unchanged – about 87.5% in the reported half-year.
- Gross profits for the six months totaled about 12.5%, reaching about $119.8 million, compared to $118.6 million in the parallel quarter of last year.
- Operating losses for the first half of 2013 totaled about $29.3 million, compared to an operating loss of about $21.4 million in the parallel quarter of last year.
- Financing. In the first half of 2013 the Company reported net financing costs (after offsetting financing revenues) of about $9.1 million. This compares to net financing costs of about $18.5 million in the parallel quarter of last year. The change is largely the result of the benefits of receipts from foreign currency hedging but that was set-off by the increases caused by changes in exchange rates.
- Net losses for the first half of 2013 totaled about $28.8 million, compared to a net loss of about $29.4 million in the parallel quarter of last year.
- El Al’s EBITDA for the first half year totaled about $20.7 million, compared to EBITDA of $33.1 million in the parallel quarter of last year.
- As of June 30, 2013 the Company’s cash on hand, cash equivalencies and short-term deposits totaled $121.9 million. It should be noted that during the first half of 2013 the Company invested around $75 million in fixed assets, in accordance with the Company’s multi-annual investment program, in addition to prior financing of the new 737-900s. The Company also repaid current loans totaling $42.1 million and obtained loans of $45.6 million, mainly for the purchase of fixed assets.
- Company equity, as at June 30, 2013 totaled $107 million.
As reported above, El Al will soon retire its last Boeing 767-200, bringing down the number of aircraft types to four. The carrier had previously retired the last Boeing 757-200 last year.
When the 767-200s joined the El Al fleet, it was the first plane that allowed a direct, nonstop route to Chicago (O’Hare) and Hong Kong. Later on, two 767-200s were used for opening the nonstop route to Miami.
As part of the renewal process, El Al is adding new Boeing 737-900 ER planes.
Copyright Photo: Bruce Drum/AirlinersGallery.com. Boeing 767-27E ER 4X-EAE (msn 24832) taxies at Miami.
Copa Holdings, S.A. (Copa Airlines and Copa Colombia) has announced financial results for the second quarter of 2013:
OPERATING AND FINANCIAL HIGHLIGHTS
- Copa Holdings reported net income of US$74.4 million for 2Q13, or diluted earnings per share (EPS) of US$1.68. Excluding special items, Copa Holdings would have reported an adjusted net income of $85.0 million, or $1.92 per share, a 45.3% increase over adjusted net income of US$58.5 million and US$1.32 per share for 2Q12.
- Operating income for 2Q13 came in at US$97.7 million, a 34.5% increase over operating income of US$72.6 million in 2Q12. Operating margin for the period came in at 16.5%, compared to 14.1% in 2Q12, as a result of lower unit costs.
- Total revenues increased 14.8% to US$592.0 million. Yield per passenger mile decreased 4.6% to 16.4 cents and operating revenue per available seat mile (RASM) decreased 2.5% to 12.8 cents. However, adjusting for a 7.3% increase in length of haul, yields decreased 1.2% and RASM increased 1.0%.
- For 2Q13, passenger traffic (RPMs) grew 20.4% on a 17.7% capacity expansion. Consolidated load factor came in at 75.3%, or 1.7 percentage points above 2Q12.
- Operating cost per available seat mile (CASM) decreased 5.2%, from 11.3 cents in 2Q12 to 10.7 cents in 2Q13. CASM, excluding fuel costs, decreased 2.6% to 6.7 cents.
- Cash, short term and long term investments ended 2Q13 at US$848.7 million, representing 35.0% of the last twelve months’ revenues.
- During the second quarter, Copa Airlines took delivery of one Boeing 737-800 aircraft. As a result, Copa Holdings ended the quarter with a consolidated fleet of 86 aircraft.
- For 2Q13, Copa Holdings reported consolidated on-time performance of 89.3% and a flight-completion factor of 99.7%, maintaining its position among the best in the industry.
- On July 17, 2013, Copa Airlines announced it will begin nonstop service four times a week from Panama to Tampa, Fla., on December 16, 2013. Tampa will be Copa Airlines’ ninth U.S. destination and its 66th destination overall.
- On August 7, 2013, the Board of Directors of Copa Holdings resolved to change the Company’s dividend policy to increase the annual distribution to an amount equal to 40% of the prior years’ annual consolidated net income. In addition, dividends going forward will be distributed in equal quarterly installments during the months of March, June, September and December, subject to board approval each quarter. On August 7, 2013, the Board of Directors also approved dividend payments payable at the end of both 3Q13 and 4Q13, in amounts equal to 10% of the consolidated net income of 2012.
|Consolidated Financial &
|2Q13||2Q12||% Change||1Q13||% Change|
|Revenue Passengers Carried (’000)||1,861||1,658||12.2%||1,899||-2.0%|
|Load Factor||75.3%||73.5%||1.7 p.p.||76.9%||-1.6 p.p.|
|PRASM (US$ Cents)||12.3||12.6||-2.3%||13.5||-8.9%|
|RASM (US$ Cents)||12.8||13.1||-2.5%||14.0||-8.2%|
|CASM (US$ Cents)||10.7||11.3||-5.2%||10.9||-1.5%|
|CASM Excl. Fuel (US$ Cents)||6.7||6.9||-2.6%||6.5||3.3%|
|Breakeven Load Factor (1)||61.6%||63.0%||-1.4 p.p.||58.7%||2.9 p.p.|
|Fuel Gallons Consumed (Millions)||60.0||52.1||15.0%||60.1||-0.2%|
|Avg. Price Per Fuel Gallon (US$ Dollars)||3.08||3.32||-7.3%||3.34||-7.8%|
|Average Length of Haul (Miles)||1,868||1,740||7.3%||1,859||0.5%|
|Average Stage Length (Miles)||1,126||1,063||6.0%||1,123||0.2%|
|Average Aircraft Utilization (Hours)||10.9||10.6||3.1%||11.3||-3.5%|
|Operating Revenues (US$ mm)||592.0||515.8||14.8%||641.3||-7.7%|
|Operating Income (US$ mm)||97.7||72.6||34.5%||142.6||-31.5%|
|Operating Margin||16.5%||14.1%||2.4 p.p.||22.2%||-5.7 p.p.|
|Net Income (US$ mm)||74.4||32.0||132.6%||113.8||-34.6%|
|Adjusted Net Income (US$ mm) (1)||85.0||58.5||45.3%||124.4||-31.6%|
|EPS – Basic and Diluted (US$)||1.68||0.72||132.4%||2.56||-34.6%|
|Adjusted EPS – Basic and Diluted (US$) (1)||1.92||1.32||45.2%||2.80||-31.6%|
|# of Shares – Basic and Diluted (’000)||44,387||44,354||0.1%||44,387||0.0%|
(1)Breakeven Load Factor, Adjusted Net Income and Adjusted EPS for 2Q13, 2Q12, and 1Q13 exclude non-cash charges/gains associated with the mark-to-market of fuel hedges. Additionally, for 1Q13 excludes a US$13.9 million charge related to the devaluation of the Venezuelan currency.
Copyright Photo: Jay Selman/AirlinersGallery.com. Boeing 737-8V3 WL HP-1721CMP (msn 40362) prepares to touch down in Miami.
Delta Air Lines (Atlanta) will begin renovations funded by a $6.3 million grant from The Delta Air Lines Foundation and will kick-off a corporate sponsorship campaign to refurbish Delta’s historic hangars on the company’s corporate campus. Upon completion of the project, the facility will open to the public as the Delta Flight Museum offering daily tours and a unique private event facility.
The hangars, originally built in the 1940s for Delta’s aircraft maintenance, were repurposed in 1995 as the site of the current Delta Air Transport Heritage Museum. Its mission then was to preserve the history of Delta’s people and culture of exceptional customer service forged by founder C.E. Woolman. The site has served as the backbone of the company’s global headquarters for more than 70 years.
“Returning Delta’s historic hangars to their original glory helps preserve the history and rich Delta employee culture for generations of aviation enthusiasts,” said Tad Hutcheson, vice president – Community Affairs and Chairman of the Board of Directors for the Delta Air Transport Heritage Museum. “The new Delta Flight Museum will offer a one-of-a-kind experience for the Atlantacommunity and visitors from around the world.”
The renovation project will last 12 months and is scheduled to be complete in advance of Delta’s 85th anniversary of commercial aviation service on June 17, 2014. Some of the major improvements include the addition of a welcome theater, installation of an elevator and construction of a new mezzanine level.
When completed, the new museum will offer a full-service event space that will accommodate private events for groups ranging from 100 to 1,200 people for a seated meal service. The facility will be among the largest capacity venues in the Atlanta metropolitan area and will offer a variety of scalable rental options.
The entrance to the Delta Flight Museum will offer convenient access for daily visitors and will include dedicated parking for museum patrons as well as capacity for valet parking services to compliment private functions held in the facility.
The Spirit of Delta will continue to be one of the largest items on display in the museum. The Boeing 767-200 (above, caption below) was purchased by Delta employees in 1982 as an expression of thanks to the company and has been located in the museum since being retired from service in 2006.
The renovation also will include preserving the hangar doors by returning them to their original condition and polishing the concrete floors to retain the distinctive markings created when Delta installed the reinforced concrete needed to handle heavier aircraft as it transitioned from the use of propeller planes to the jet age.
New air conditioning and heat controls will provide a comfortable year-round visitor experience inside the large hangar facility. A full Convair 880 cockpit already owned by the museum along with a Boeing 737-200 flight simulator will be installed as permanent exhibits and a new retail store will be built for visitors to purchase aviation memorabilia and Delta-branded items.
The hangars were designated as an official Historic Aerospace Site by The American Institute of Aeronautics and Astronautics in Feb. 2011, acknowledging them as the oldest surviving buildings currently in use at Atlanta’s Hartsfield-Jackson International Airport.
Delta moved its headquarters from Monroe, Louisiana, to Atlanta in 1941 and began use of the hangars as the primary maintenance facility for its daily commercial flight operations. Aircraft maintenance moved to the site of Delta’s current Technical Operations Center in 1960. In 1990, a group of Delta retirees launched an effort to consolidate Delta memorabilia, archival collections and one of Delta’s first 1940s era Douglas DC-3 aircraft. The effort resulted in the creation of the Delta Air Transport Heritage Museum located in the hangar facility donated by Delta.
Top Copyright Rendering: Delta Air Lines.
Middle Copyright Photo: Bruce Drum/AirlinersGallery.com. “The Spirit of Delta” in the form of donated Boeing 767-232 N102DA (msn 22214) worn several different liveries in its career with Delta. Here is the special “Celebrating 75 Years 2004″ livery at Miami.
Bottom Copyright Photo: Brian McDonough/AirlinersGallery.com. Douglas DC-3-357 NC28341 (msn 3278) lands at Baltimore/Washington (BWI).
AeroMexico (Mexico City) on June 20 started serving the new Hermosillo – Puerto Penasco – Las Vegas route.
This new twice weekly flight will be operated with the following schedule:
Las Vegas – Puerto Penasco
|AM 2675||4:05 p.m.||6:06 p.m.||Thursdays and Sundays|
Puerto Penasco – Hermosillo
|AM 2675||6:46 a.m.||7:37 a.m.||Thursdays and Sundays|
Hermosillo – Puerto Penasco
|AM 2674||11:30 a.m.||12:32 p.m.||Thursdays and Sundays|
Puerto Penasco – Las Vegas
|AM 2674||1:21 p.m.||3:15 p.m.||Thursdays and Sundays|
* Times published are local to each country and are subject to changes without notice.
AeroMexico also on June 20 started to serve the Los Angeles – La Paz route with AeroMexico Connect Embraer 190 aircraft equipped with 99 passenger seats.
This new twice weekly flight will be served with the following schedule:
Los Angeles – La Paz
|AM 2167||2:20 p.m.||5:44 p.m.||Thursdays and Sundays|
La Paz – Los Angeles
|AM 2166||11:51 a.m.||1:20 p.m.||Thursdays and Sundays|
Copyright Photo: Tony Storck/AirlinersGallery.com. AeroMexico Connect’s Embraer ERJ 190-100LR XA-ACI (msn 19000525) approaches runway 9 at Miami International Airport.
FedEx Express (Memphis) has replaced and will retire the last Boeing 727 (N481FE) at Memphis today.
The company has just issued this statement:
For 35 years, Boeing 727 aircraft were a reliable workhorse for the world’s largest express transportation company. Today, the venerable 727 narrow-body freighter closes an enduring chapter in aviation history as FedEx becomes the last major carrier to retire the aircraft from service. The retirement is part of the company’s aircraft modernization strategy.
The 727’s domestic mission will conclude at 1:30 p.m. CDT as FedEx aircraft N481FE touches down at the FedEx Express World Hub at Memphis International Airport. Greeting its arrival will be more than 1,000 company executives, air operations team members and other guests who will mark the airplane’s historic last flight with a special ceremony.
A departure ceremony at the FedEx hub in Indianapolis, which has served as the company’s primary base for 727 general maintenance checks, begins the historic farewell flight.
“For more than three decades, our Boeing 727 fleet was instrumental in our company’s domestic growth,” said David J. Bronczek, president and chief executive officer, FedEx Express. “Today, we are opening a new chapter for company growth and opportunity as we continue to modernize our global fleet with more technologically advanced, fuel efficient, lower emission cargo jets.”
History of the 727 at FedEx
Introduction of this larger, mid-size jet freighter to the FedEx fleet was made possible by deregulation of the airline industry in 1977, giving the upstart express carrier access to more domestic markets and bringing immediate operational efficiencies because of greater payload capabilities. FedEx operated only small Dassault Falcons before the industry was deregulated. An exemption then allowed a company to enter the common carrier business if its payloads were less than 7,500 pounds.
It was January 14, 1978 when then-Federal Express took delivery in Memphis of its first 727 aircraft, which was purchased from Eastern Airlines. On that day, Frederick W. Smith, chairman, president and chief executive officer, FedEx Corporation, told several hundred employees and guests at the delivery event, “Many people look at this airplane and believe that Federal Express has arrived at the end of a long road. This is not the end of anything. It is simply the beginning.”
Early FedEx acquisitions of used 727s from other carriers were followed by new aircraft purchases from Boeing, with the last 727 leaving the manufacturer’s assembly line and being delivered to FedEx in 1984. The express carrier at one point was the world’s largest operator of 727s, with 170 of the aircraft in its fleet at any one time.
Modernization of the FedEx Fleet
FedEx began retiring its 727-200 fleet in 2007 and replacing them with more modern Boeing 757 airplanes. The retirement cycle accelerated under the fleet modernization program that through the last several years included more 757 freighters, as well as new Boeing 777 long-range freighters, which are the biggest in the FedEx fleet and the world’s largest twin-engine cargo aircraft. This fall, FedEx begins taking delivery of new Boeing 767 aircraft to replace its aging MD-10 freighters.
As with the other aircraft types being introduced, the 767s will provide significantly improved reliability and are substantially more fuel-efficient and environmentally friendly than the aircraft they will replace. FedEx is committed to reducing its aircraft carbon emissions 30 percent by the year 2020 under its fleet modernization program. It expects to source at least 30 percent of its jet fuel from alternative fuels by the year 2030.
“As we celebrate our company’s 40th anniversary, we can look back at an aircraft bloodline that has been impressive,” Bronczek said. “From the small Falcons, which served us well when the company was young, to our 727s, to what is now the largest fleet of express cargo aircraft in the world, our transportation capabilities for global customers is unmatched in the industry. Equally impressive are the innovation, technology and environmental benefits of the new aircraft we are adding.”
Continuation of Service
Not only are FedEx 727s being retired, but nearly half of the fleet has been donated coast-to-coast to aviation schools, colleges and local communities in the last several years.
From Anchorage to Austin, from Billings to Buffalo, from Sioux City to Shreveport and many points between, FedEx aircraft donations support school curriculums that are developing the next generation of aviation professionals. The donated aircraft are also being used for training by emergency response teams at local airports and fire departments.
For FedEx pilots like Capt. Chip Groner, who piloted a 727 for about 10 years, closing the door on 727 operations is a turning point not only for FedEx but for the aviation industry.
“The 727 was a mainstay aircraft and one of the most dependable we ever had in our fleet. More importantly, it was the plane that really put FedEx on the map as an overnight express carrier,” the 35-year FedEx crew member said. “It’s the end of an era, but it’s only natural because of changing technology that improves the fuel and operational efficiencies of today’s new aircraft. The 727, for many pilots, will always be the airplane that really brought the airline industry into the jet age.”
Copyright Photo: Bruce Drum/AirlinersGallery.com. Still wearing its Eastern Airlines registration, the pictured Boeing 727-25C N8161G (msn 19717) in the original 1973 Federal Express livery, later became N125FE with FedEx.
Video: The MEM Airport water saluted the last FedEx 727 arrival, operated by ex-Braniff Boeing 727-227 (F) N481FE (msn 21463).
Video: This FedEx Boeing 727 was donated to the University of Alaska’s Aviation Department. It is pictured landing for the last time at Merrill Field’s runway 25 in downtown Anchorage.
AeroMexico (Mexico City) has announced the launch of its new Aeromexico Contigo (Aeromexico with You) product which will offer a host of benefits to passengers traveling frequently between Mexico and the United States.
The use of the Boeing 737-800 airliner for the Aeromexico Contigo program optimizes operating costs, which then translates into lower pricing. Other benefits include increased legroom, personalized attention by Aeromexico Call Center agents and at participating airport check-in counters.
Destinations to feature the Aeromexico Contigo product include:
|Guadalajara – Tijuana||28 weekly flights|
|Culiacan – Tijuana||14 weekly flights|
|Guadalajara – Chicago||4 weekly flights|
|Guadalajara – Ontario||6 weekly flights|
|Guadalajara – Los Angeles||14 weekly flights|
|Guadalajara – Fresno||3 weekly flights|
|Guadalajara – Sacramento||3 weekly flights|
It is important to note that the benefits offered through Aeromexico Contigo are in addition to Aeromexico’s existing baggage policy for travel between Mexico to the US, which includes free check in of passengers’ first bag weighing 55 lbs (25 Kg) and one carry-on bag weighing 22 lbs (10 Kg) and for passengers’ traveling from the US a first bag weighing 50 lbs (23 Kg) and one carry-on bag of 22 lbs (10 Kg).
Aeromexico Contigo will begin operation in October 2013.
Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 737-852 WL EI-DRB (msn 35115) completes its final approach into Miami International Airport.
Atlas Air starts operating a Boeing 747-800F freighter for Etihad Cargo, Miami becomes part of the round-the-world cargo route
Atlas Air (New York) on May 30 started operating its newest Boeing 747-800F for Etihad Cargo (formerly Etihad Crystal Cargo) (Etihad Airways) (Abu Dhabi). The fully-painted freighter will operate twice-weekly cargo services to and from Miami.
Etihad Airways announced its new round-the-world cargo flight:
The jointly operated routing began on May 30, connecting Etihad Cargo’s Abu Dhabi hub with destinations in Asia, the United States, South America and Europe.
Miami (US), Viracopos (Brazil), and Quito (Ecuador) will become part the round-the-world Abu Dhabi-Hong Kong-Chicago O’Hare-Miami-Viracopos-Quito-Amsterdam-Abu Dhabi freighter service offered with an Etihad Cargo-liveried Boeing 747-8F Freighter.
Earlier this month, Etihad Cargo signed a signed a multi-year Aircraft, Crew, Maintenance and Insurance (ACMI) agreement with Atlas Air to provide the Boeing 747-8F Freighter with its 138-ton cargo capacity to operate the new schedule.
The three new freighter destinations in the Americas will see Etihad Cargo’s network extend to 92 points across the globe. The carrier’s eight freighters operate to 28 of these destinations.
The Boeing 747-8F Freighter is the largest in Etihad Cargo’s current freighter fleet. The airline also operates three Boeing 777Fs, one Boeing 747-400ERF, one Boeing 747-400F and two Airbus A330-200Fs.
Etihad Cargo will take delivery of two additional freighters in 2013 and 2014, comprising two Airbus A330-200Fs.
Atlas Air previously made this announcement in May:
The 8th Boeing 747-800F freighter will fly on behalf of Etihad Cargo, the cargo arm of Etihad Airways, the national carrier of the United Arab Emirates, pursuant to a multi-year aircraft, crew, maintenance and insurance agreement that commences in May 2013.
The new contract between the companies follows a letter of intent announced on April 1, 2013, and complements an existing Boeing 747-400F ACMI arrangement between Atlas and Etihad. The aircraft will be operated in full Etihad Cargo livery.
Copyright Photo: Michael Bolden. The pictured Boeing 747-87UF N855GT (msn 37567) was delivered to Atlas Air on May 18, 2013. The Jumbo Freighter prepares to depart from Miami on its twice-weekly round-the-world cargo route.
United Airlines (Chicago) without any fanfare or publicity retired two classic Boeing types again in late May according to Airline Business. Former Continental Airlines Boeing 737-524 N62631 (msn 27535) operated the last Boeing 737-500 flight (UA 1705) between Cleveland and Houston (Bush Intercontinental) on May 30.
Additionally Boeing 767-224 ER N68159 (msn 30438) operated the last 767-200 flight between Munich and Newark on May 27.
Ironically United had previously retired both types but inherited both types again when the Continental fleet was merged. The 737-500 was previously retired on August 27, 2009 and the 767-200 on March 28, 2005.
Top Copyright Photo: Bruce Drum/AirlinersGallery.com. N62631 when it was with Continental Airlines.
Bottom Copyright Photo: Andi Hiltl/AirlinersGallery.com. Sister ship Boeing 767-224 ER N73152 (msn 30431) lands at Zurich.
FedEx Corporation (FedEx Express) (Memphis) announced today it had permanently retired or will accelerate the retirement of 86 aircraft and 308 related engines as it continues to modernize its aircraft fleet and improve the global network of FedEx Express.
The permanent retirement of aircraft and related engines announced today includes:
- Two Airbus A310-200 aircraft and four related engines;
- Three Airbus A310-300 aircraft and two related engines; and
- Five McDonnell Douglas MD-10-10 aircraft and 15 related engines.
The impact of retiring these aircraft, engines and parts resulted in an impairment charge of $100 million recorded in May 2013.
In addition, FedEx will accelerate by several years the retirement of:
- 47 McDonnell MD-10-10 aircraft and 172 related engines;
- 13 McDonnell MD-10-30 aircraft and 55 related engines; and
- 16 Airbus A310-200 aircraft and 60 related engines.
As of July 1, 2013, FedEx Express will complete the final retirement of the Boeing 727-200 fleet.
“We are modernizing our aircraft fleet by retiring older, less-efficient, and less-reliable aircraft and replacing them with modern aircraft to build a fleet with higher reliability and better cost efficiency,” said David J. Bronczek, president and chief executive officer of FedEx Express. “With the planned acquisition of new aircraft and projected slower economic growth than previously forecast, FedEx Express is lowering maintenance costs by aggressively parking and retiring aircraft.”
The impact of accelerating the retirement of aircraft will result in additional year-over-year depreciation expense of $74 million in FY14.
FedEx Express Aircraft Fleet Facts
- As of February 28, 2013, FedEx Express’s fleet totaled 660 aircraft, including 368 jet aircraft.
- During the four quarters ended on February 28, 2013, FedEx Express spent $3.8 billion on 1.2 billion gallons of jet fuel.
- The Boeing 757-200 is significantly more fuel efficient per pound of payload and has 20% additional payload capacity than the Boeing 727 it replaces.
- The Boeing 767 will provide similar capacity as the MD-10s, with improved reliability, an approximate 30% increase in fuel efficiency and a minimum of a 20% reduction in unit operating costs.
- The Boeing 767 shares spare parts, tooling and flight simulators with the B757.
The Board of Directors today declared a quarterly cash dividend of $0.15 per share on FedEx Corporation common stock, an increase of $0.01 per share over the previous dividend payment. The dividend is payable on July 1, 2013 to stockholders of record at the close of business on June 17, 2013. FedEx remains committed to paying higher dividends to shareowners in years to come.
Copyright Photo: Bruce Drum/AirlinersGallery.com. The pictured Boeing 727-233 (F) N221FE (msn 20932) was originally delivered as a passenger aircraft to Air Canada as C-GAAA on September 25, 1974.
Avianca (Bogota) is planning to deploy its Airbus A330-200s on the daily Lima-Miami route starting on July 15 per Airline Route.
Top Copyright Photo: Brian McDonough/AirlinersGallery.com. Airbus A330-243 N948AC (msn 948) taxies to the runway at Miami International Airport dressed in the now old 2005 livery (please click on the photo for the full-size view).
Bottom Copyright Photos: Avianca. The new look for AV. Airbus A320-214 N538AV (msn 5398) is one of the first aircraft to display the new look.
American Airlines (Dallas/Fort Worth) today announces daily nonstop service between Miami International Airport (MIA) and Malpensa Airport (MXP) in Milan. The new route will start on November 21.
Daily MIA-MXP Service Schedule (all times local):
- Departs MIA at 5:55 p.m. ET
- Arrives at MXP at 9:35 a.m. CET the following day
- Departs MXP at 11:25 a.m. CET
- Arrives at MIA at 4:40 p.m. ET
The new service between Miami and Milan will be operated as part of American’s joint business agreement with British Airways and Iberia. Through the airlines’ enhanced relationship, American’s customers have access to more than 125 destinations throughout Europe. In addition to the new service from Miami, American also currently serves MXP from John F. Kennedy International Airport (JFK) in New York. The new route will be operated with a Boeing 767-300 with 218 seats.
Copyright Photo: Luimer Cordero/AirlinersGallery.com. Boeing 767-323 ER N7375A (msn 25202) lands at the Miami hub (please click on the photo for the full size view).
Avianca Holdings S.A. (Avianca) (Bogota) today (May 28) as planned, formally retired the TACA brand and the previous AviancaTaca Holding company. All aircraft will be repainted in the new Avianca brand. Avianca is updating its logo, livery and product as we previously reported. This announcement will end the history of TACA and AviancaTaca Holding. Our slide show below recalls the aircraft and many liveries of TACA International. The holding company issued this statement:
As announced in late 2012 and after three years of intense work aimed at integration and reorganization of operations and processes, ground and air equipment modernization, and the adoption of industry best practices, the airlines in Avianca Holdings S.A. (formerly known as AviancaTaca Holding S.A.) begin a new stage in their business development under the commercial brand Avianca, with its new visual standards.
Honoring the business development reached by Avianca and TACA Airlines with 94 and 82 years of uninterrupted operations, respectively, the new identity bonds the heritage of the route network, envisioning connecting the continent through all cardinal points, capturing in the logo the service provided through the skies of the Americas.
The image of the “new Avianca” will be displayed in over 160 airplanes, 14 thousand seats onboard, 214 ticket offices, 100 airports, VIP lounges in 25 countries, as well as the corporate buildings in the Americas and Europe. This new image will also dress over 13,000 employees with client service positions -out of the 18,000 total-, and identify our new integrated website, social networks, onboard reading materials, and corporate communications media in general.
This new image highlights a very important chapter in the airline´s history, striving to provide a strong product and service offer in order to become the ideal partner for business and leisure travelers.
Fabio Villegas, Avianca Holdings CEO said: “The single commercial brand represents a very important milestone for an improved flight offer and an interesting challenge to Avianca’s service capacity. For that reason, the airlines’ background and the professionalism and experience shared by the many generations of men and women who have contributed with their work to Avianca, TACA Airlines, Aerogal, and Tampa Cargo, have become our inspiration.”
“More than 5.100 weekly flights operated on a modern fleet enable us to help our travelers reach 100 destinations in 25 countries throughout the Americas and Europe, provide access to 21.900 daily flights served around the world by Star Alliance member airlines, be preferred by more than 23 million passengers who choose our services yearly for their travel plans and the transportation of 300 thousand tons of goods. This motivates us to assure the “new Avianca”, as the leading airline in Latin America preferred by the world´s travelers,” quoted the executive.
Three years of achievements
Fleet. The combined fleet size between Avianca and TACA Airlines at the moment of their integration was 129 aircraft. Currently the company has 151 aircraft in operation. Within its fleet modernization plan, Avianca recently announced the incorporation of Airbus A320neo airplanes equipped with new generation engines, as well as aircraft fitted with sharklets, which provide a 4% better fuel economy than previous models. Avianca welcomed the first aircraft of this type to its fleet in February.
Tampa Cargo acquired four new A330-200 freighters with cargo capacity of 68 tons in order to strengthen the cargo business. The first aircraft of its type joined the fleet in December of last year.
The company also announced the standing offer to purchase 15 ATR 72-600 aircraft, along with the option to purchase an additional 15 of the same model. This turboprop fleet is intended to serve routes within Colombia and Central America and will join the fleet beginning July this year. Finally, the company has confirmed the purchase order for 15 Boeing 787 Dreamliner aircraft, to operate transatlantic routes starting in 2014.
Route Network. Currently, the “new Avianca” covers 100 destinations in 25 countries in the Americas and Europe, through 5,100 weekly flights. The domestic and international connections operate from and to Bogota (Colombia), with more than 2,656 weekly flights, San Salvador (El Salvador), with 532 weekly flights, and Lima (Peru) with 483 frequencies per week. Also connections to and from other Latin American capitals are part of this comprehensive route network.
In addition to its own network, travelers connecting through Avianca are able to reach more than 1,320 cities around the world thanks to code-share and interline agreements with world renowned airlines, granting access to 990 VIP lounges and enjoying multiple benefits provided by the Star Alliance network around the world.
Transported Passengers. As a result of the synergies of the route network, the airlines in Avianca Holdings S.A. have experimented passenger growth. A comparison between 2010 and 2012 reflects an increase of 31.88%. In 2010, the airlines transported 17´510.881 passengers, reaching 20´454.924 in 2011, while in 2012 the number increased to 23´092.533 passengers.
Joining Star Alliance. Avianca and TACA Airlines officially joined Star Alliance on June 21, 2012, which is the largest global airline network in terms of daily flights, coverage, and services. As a result travel advantages and options for our travelers multiplied. In order to be accepted as member airline of the alliance, multiple requirements had to be fulfilled along with several service and operational standards. The “new Avianca” maintains these standards and complies with the periodical audits required.
Avianca Cargo. In 2010 the Cargo businesses of Avianca, TACA, and Aerogal were integrated to Tampa Cargo, building on more than 100 years of experience in the field. After centralizing management, operations, and service the cargo offer underwent a strengthening process. As part of this process the airline announced the acquisition of 4 A330-200 freighters with 68 ton capacity and became the first airline to operate this model in Latin America.
With the expansion of capacity through dedicated aircraft, as well as the bellies of the passenger fleet, the route network was also broadened to meet importer and exporter needs in Latin America, accompanied by the implementation of new integrated technologies for all the business. Today, under the name “Avianca Cargo” this business unit focuses on delivering increased connectivity and services through advanced technology and a highly specialized human team.
Technology. Avianca continues moving forward in the implementation of the latest technology in order to better serve its passengers. In addition to online tools for checking fares, booking reservations, purchasing tickets and seat selections, the airline has been implementing self-check-in modules in 36 of the airports where it currently operates. Travelers can also make use of the web check-in feature for routes in the Americas, allowing them to check-in from the comfort of their home or office.
Passengers may also check-in using their smartphones. This service is initially available for domestic flights in Colombia and Peru, and direct international flights, except Europe, from El Salvador and Medellin and from Bogota to South America, improving check point and boarding times by showing the boarding pass on their smartphones.
VIP Lounges. This past February, Avianca opened its new 2,000 square meter VIP Lounge located in the international terminal of Eldorado Airport in Bogota, aimed at the members of its frequent flyer program, LifeMiles, and business class travelers. In meeting its service improvement plan, the airline will also refresh the VIP lounges in Cali, Barranquilla, Medellin, Cartagena, and San Salvador.
LifeMiles. It was the first joint business deliverable. The unified loyalty program was the result of integrating best practices of both Avianca and TACA, and improving them based on studies on the leading loyalty programs from top airlines around the world. LifeMiles has more than five million members and was recognized by travelers with a Freddie Award in the category of Best Redemption Ability, making it the only loyalty program in Latin America to receive a Freddy Award during the 2013 edition.
Copyright Photo: Bruce Drum/AirlinersGallery.com. All others by Avianca. A look back at one of the first jets for TACA International. BAC 1-11 407AW YS-17C (msn 093) taxies to the runway at Miami on October 19, 1980.
First Quarter 2013 Highlights
- Avianca Holdings earns net income of $75.3 million (USD) for 1Q 2013, an increase of more than $75 million over the profit recorded for the same period in 2012.
- First quarter operating revenues increased to USD$ 1.11 billion, up 5.9% from 1Q 2012 due mainly to a 6.5% increase in passenger revenues driven by an 8.6% growth in passenger traffic over 1Q 2012 figures. Cargo and other revenue increased by 2.5%, primarily as a result of an increase in our Freight and Loyalty revenues.
- Operating Cost per available seat kilometer (CASK) decreased by 1.5% from 10.98 cents in 1Q-12 to 10.81 cents in 1Q-13 and CASK excluding Fuel decreased by 1.8% from 7.31 cents in 1Q-12 to 7.17 cents in 1Q-13.
- Operating Income (EBIT) increased to USD$ 108.1 million, a 31.1% increase from USD$ 82.4 million in 1Q-12. Excluding special items in 1Q-12 operating income increased by 48.5%. Operating Margin for 1Q-13 rose to 9.7% compared to 7.8% in 1Q-12, primarily as a result of lower unit costs.
- Capacity, measured in ASK’s (available seat kilometers), increased by 5.4% during 1Q 2013, mostly due to expansion in our domestic operations in Colombia and Peru. In addition, passenger traffic, measured in RPK’s (revenue passenger kilometers) grew 7.8%, reaching a consolidated Load Factor of 80.8%, surpassing 1Q-12 Load Factor by 2.3 percentage points.
- In Line with the fleet renewal program, the company continues to incorporate new aircraft. During the first quarter, one (1) Airbus A330 Freighter, one (1) Airbus A330 and two (2) Airbus A320 passenger aircraft (one of which is equipped with sharklets) were incorporated.
- During the first quarter the Company inaugurated its new VIP lounge in Terminal Eldorado International Airport in Bogotá. Lifemiles members can now enjoy over 2,000 square meters of services and innovations in different environments. The lounge has capacity to simultaneously serve nearly 670 travelers, 505 Gold Elite and 165 Diamond Elite members.
Copyright Photo: Bruce Drum. Avianca’s (Colombia) Airbus A320-214 N664AV (msn 3664) arrives at Miami International Airport.
AeroMexico (Mexico City) has announced the addition of three Embraer 175 planes to its fleet, making it the first national airline in Mexico to operate this aircraft type.
As part of the plan for the renovation of its fleet, the aircraft, with 86 seats in one single class, will gradually replace the smaller Embraer ERJ 145 planes with 50 seats operated by Aerolitoral.
The Embraer 175 shares its design and cabin structure with the larger Embraer 190. This attribute allows customers to have the same travel experience on either one of these aircraft. Other features include more space for storing carry-on luggage in compartments that are overhead or underneath seats, more comfortable seats, a 2×2 seating configuration with space in the aisle, to name a few. Embraer aircraft are recognized as the most comfortable family of aircraft in their category.
Two of the three planes will start operations on June 1 and June 20, offering greater comfort along with cutting edge technology on routes from Mexico City to Acapulco, Veracruz, Oaxaca, Guadalajara, Tampico, Zihuatanejo, Minatitlan, San Luis Potosi and Aguascalientes.
Aerolitoral, operating as AeroMexico Connect (Monterrey), is expected to operate the aircraft for AeroMexico.
Copyright Photo: Brian McDonough. The new ERJ 175s will supplement the larger ERJ 190s. Embraer ERJ 190-100LR XA-JAC (msn 19000248) prepares to land at Miami.
United Airlines (Chicago) today will celebrate the 25thanniversary of the airline’s Terminal C hub facility at Newark Liberty International Airport.
Travelers arriving and departing at Newark Liberty today will join United employees in an anniversary celebrationbetween 11 a.m. and 1 p.m. at the upper level United Airlines ticket counter, where customers will have opportunities to earn prizes, travel discounts and bonus MileagePlus miles, and see the airline’s new uniforms for the first time. The airline is also setting up a temporary exhibit during the two-hour period demonstrating how air travel has evolved since 1988.
Map of Terminal C at Newark Liberty International Airport (Port Authority of New York and New Jersey).
“We are pleased to celebrate United’s long history at our Newark hub - a premier global gateway and a powerful economic engine,” said Jeff Smisek, United’s chairman, president and chief executive officer. “We continue to make investments in our terminal facilities, our services and our people to ensure United’s Terminal C remains a great place for our customers and co-workers.”
“Thanks to the Port Authority’s strong partnership with United, Newark Liberty has become not only a world-class airport but also an important driver of economic growth, jobs and development for the entire region,” said Port AuthorityChairman David Samson. “The continued investment in Newark Liberty’s facilities will ensure that the airport, and Terminal C specifically, remains a modern, premier gateway for travelers.”
As part of the event, Smisek will outline the airline’s plans for further investments at Terminal C, including:
- a redesign of the airline’s check-in facilities
- installation in gate areas of flight-information displays that offer customers more detailed information about their flights
- construction of a widebody maintenance hangar that economic development officials anticipate will drive $52 million in economic activity in the region
- a new checked-baggage screening system.
- Nearly two dozen United pilots, flight attendants, customer service agents and ramp workers will participate in an in-terminal fashion show that will debut the new uniforms that United employees worldwide will wear beginning onJune 25. This is the first time that all employees at the new United will wear the same uniforms.
- Buddy Valastro, co-owner of the Hoboken, N.J. bakery Carlo’s Bakery and star of the TLC program “Cake Boss,” will join the program to present a cake made specifically for the occasion.
- At 1:15 p.m., the first Boeing 787 Dreamliner to fly from any of the three New York-area airports since the aircraft re-entered service will depart for Houston.
- This afternoon, United will send photos of iconic locations throughout Manhattan via Twitter, Facebook and Instagram, meeting up with the company’s friends and followers in social media.
United in New York/Newark: The Hub for Wall Street
With more than 13,000 local employees, United is the New York area’s largest airline, offering more flights and more seats from the region to more destinations around the world than any other airline in history.
Since the first flight from Terminal C - the 6:15 a.m. departure of Continental flight 839 to Denver from gate 72 on the morning of May 22, 1988 - flights to and from the facility have enabled investment and economic development for theNew York metropolitan area, including Newark. In 1988, Continental offered service to 57 airports from Newark Airport.United today offers more than 400 flights each day from Newark Liberty to more than 150 destinations in North andSouth America, Europe, the Middle East and Asia, giving New York-area travelers more flights and more destinations via United and United Express than any other airline.
Newark Liberty’s location and rail links make it the most convenient hub airport for travelers originating in north and central New Jersey, parts of New York City including Wall Street, and southern New York State.
The airline also offers New York-area travelers more flat beds in premium cabins and more extra-legroom economy seats than any other airline. In addition, the airline boasts:
- the most saver-style award seats for frequent flyers among the largest U.S. global carriers, according to the 4thannual Switchfly Reward Seat Availability Survey published this month by IdeaWorksCompany.
- more aircraft offering satellite Wi-Fi and live television than any other U.S. airline.
Terminal C History
Copyright Photo: Dave Campbell/AirlinersGallery.com. The Boeing 737 and the pictured 727-200 were the mainstay aircraft in the PEOPLExpress fleet. Former Braniff Boeing 727-227 N553PE (msn 20774) poses for the camera at Chicago (O’Hare).
In 1985, People Express Airlines (PEOPLExpress) and the Port Authority agreed to remodel the existing Terminal C facility. After its 1987 mergers with Peoplexpress and New York Air (New York), which itself had a large Newark presence, Continental Airlines completed the terminal redevelopment project in conjunction with the Port Authority.
Copyright Photo: Fernandez Imaging/AirlinersGallery.com. The New York Air operation is pictured at nearby LaGuardia Airport.
In 2001, Continental Airlines (Houston) opened the Global Gateway, a $3.8 billion public-private partnership. The centerpiece of that project was the third concourse in Terminal C, “C-3,” designed to be bright and airy with gates constructed to enable international travelers to arrive at Terminal C - rather than solely at Terminal B - adding convenience and quicker connections.
Copyright Photo: Bruce Drum/AirlinersGallery.com. Continental’s McDonnell Douglas DC-10-10 N68046 (msn 47800) in the 1984 livery.
The Global Gateway also introduced the only rail station at a New York-area airport located in close proximity to the terminals, enabling Newark Liberty travelers direct AirTrain rail access to New York City’s Pennsylvania Station, New York State, New Jersey, Connecticut and Philadelphia.
Continental and the Port Authority also outfitted Terminal C with new roadways, parking garages, expanded electronic ticketing facilities, new terminal designs to facilitate more efficient security screening and an automated baggage handling system.
Top Copyright Photo: United Airlines. Crew members showcase the new uniforms.
Route Map: How the Newark Hub has grown (click on the map for the full-size view):
AviancaTaca Holding reports net income rose by 73.9% to $191 million in 2012, TACA cuts routes from San Jose
AviancaTaca Holding and its subsidiaries reported an increase of 12.9% in passenger numbers compared to 2011.
During 2012, AviancaTaca Holding S.A. recorded net profit of COP$351,684 million ($190.9 million), up 73.9% compared to 2011.
In 2012 AviancaTaca Holding S.A. continued work on expanding its network of routes and creating new air services for travelers flying to and from the Americas and Europe.
According to AviancaTaca’s CEO, Fabio Villegas: “Following the integration of Avianca and TACA operations the Company has launched 46 new routes, and over the last year has emphasized connectivity between high demand points in the local markets of Colombia, Peru and Central America, and throughout the Americas and the Caribbean. This expansion process is taking place in parallel with the renewal of the aircraft fleet and the development of an intensive campaign to further improve the internal service culture.”.
As a result of the increase in seat capacity, flight services to key destinations and also an improvement in service standards, AviancaTaca Holding and its subsidiaries transported 23.1million passengers in 2012, an increase of 12.9% compared to 2011.
Between January and December 2012 the number of travelers transported in markets within Colombia, Peru and Ecuador was 13,255,502, up 18.5% compared to 2011. The number of passengers transported by the Company on international routes was 9,837,031, an increase of 6.1% compared to 2011.
Between January and December 2012, Avianca, TACA and subsidiaries recorded an operating income of $4,254 million (USD), up 11.2% from 2011. Operating profit for the year was $282 million (USD).
The EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft leasing payments) for 2012 was USD$737.5 million and net profit totaled $195.6 million (USD).
Consistent with an increase of 10.3% in ASK capacity (seats available per kilometer flown), passenger traffic in RPK (passenger revenue per kilometer flown) increased by 10.3%. The average Load Factor was 79.6%.
In the first quarter of 2013, the Company reported net income of $75.3 million (USD).
During 2012 the Company incorporated 14 new jet aircraft: two Airbus A330s, four Airbus A319, seven Airbus A320 and one Airbus A330F exclusively for cargo. It also announced the firm order for 15 ATR 72-600 aircraft and rights to purchase 15 more, which will be assigned to cover regional routes within Colombia and short and medium-haul markets in Central America.
In other news, TACA is eliminating routes from San Jose, Costa Rica and laying off 261 employees. The airline issued this statement:
Starting May 17, the Airline adjusts operations to and from San Jose, Costa Rica, in order to meet market needs
The airline will keep direct flights between San Jose and Caracas, Mexico, Miami, Guatemala, Tegucigalpa, San Pedro Sula, Managua, and Panama, as well as the connecting flights to hubs in El Salvador, Bogota, and Lima
All travelers with a reservation in flights from San Jose to Caracas, Mexico, Miami, Guatemala, Tegucigalpa, San Pedro Sula, Managua and Panama, as well as to our hubs in El Salvador, Bogota and Lima, will keep their itinerary as scheduled.
Flights canceled as of May 17, 2013:
|LR661||San Jose CR – Quito|
|LR660||Quito – Guayaquil – San Jose CR|
|LR660||San Jose CR – Nueva York|
|LR661||New York – San Jose CR|
|AV693||San Jose CR – Panama – Medellin|
|AV692||Medellin – Panama – San Jose CR|
|LR652||San Jose CR – Havana|
|LR653||Havana – San Jose CR|
|LR672||Panama – San Jose CR|
|LR673||San Jose CR – Panama|
|LR604||San Jose CR – Los Angeles|
|LR605||Los Angeles – San Jose CR|
|LR684||San Jose CR – Monterrey|
|LR685||Monterrey – San Jose CR|
|LR678||San Jose CR – Managua|
|LR679||Managua – San Jose CR|
Flights canceled as of June 16, 2013:
|TA953||San Jose CR – Lima|
|TA952||Lima – San Jose CR|
|TA454||Tegucigalpa – Miami|
|TA455||Miami – Tegucigalpa|
TACA was founded in 1931 and boasts more than 80 years of history. It links the Americas together through its four Hubs (Colombia, El Salvador, Costa Rica and Peru), and its extensive route network from Canada to Brazil, flying to 50 destinations in 22 countries. Its fleet consists of Airbus A319, A320 and A321 aircraft and new Embraer 190 aircraft. In addition, its regional operations service 39 destinations in Central American countries with a fleet of ATR 42, Short SD3-60, Twin Otter and Cessna Grand Caravan aircraft.
Copyright Photo: Bruce Drum. The TACA name and brand will be retired at the end of May ending a long history. TACA’s Airbus A320-233 N682TA (msn 3581) arrives at Miami painted in the last (2008) livery for the company. All TACA aircraft will be repainted into the red and white Avianca brand and operate under the Avianca name. Goodbye TACA.
Gol Linhas Aéreas Inteligentes S.A. (Gol Transportes Aéreos) (Sao Paulo) has announced a key milestone in its partnership with Delta Air Lines (Atlanta): the implementation of Gol code-share on Delta’s flights from Brasilia to Atlanta.
The companies together offer approximately 380 destinations in more than 62 countries.
“The code-share implementation which has now started and will be done in six phases from May to August,” said Paulo Miranda, Alliances and Strategy manager for Delta Air Lines. “Besides the route from Brasilia to Atlanta, soon we will be integrating all flights operated by Delta between Brazil and the United States to Atlanta and flights to the John F. Kennedy International Airport (JFK) and to Detroit and as part of the codeshare agreement”, he emphasizes.
The route from Brasilia to Atlanta is already available to be acquired at Gol channels and the first flight will take place on May 20. The second phase will include flights from Goiania, Belo Horizonte, Curitiba and Porto Alegre all via Brasilia to Atlanta. This action allows baggage to be labeled and dispatched to final destination.
Copyright Photo: Tony Storck. Boeing 737-8EH WL PR-GUI (msn 35844) arrives in Miami.
In the first two months of 2013, Avianca and TACA recorded a 9.7% increase in passenger numbers compared to the same period of 2012.
During 2012, AviancaTaca Holding SA reported net income of COP $351,684 million ($192.1 million), up 73.9% from net income obtained in 2011.
In February 2013, attached to the Holding airlines transported nearly two million passengers.
In the first two months of the year, airlines mobilized attached to 3,982 .201 AviancaTaca Holding passengers, registering an increase of 9.7% from January to February 2012.
Only in the month of February, Avianca, TACA and its subsidiaries 1,866 .367 mobilized passengers, 6.8% above the passengers carried in February 2012. The capacity, measured in ASKs (available seats per kilometer flown) increased 1.6%, while passenger traffic measured in RPKs (paying passengers per kilometer flown) grew 5.5%. The load factor for the month reached 80.7%.
Domestic markets of Colombia, Peru and Ecuador
During January and February 2013, the number of passengers moved in markets within Colombia, Peru and Ecuador amounted to 2,278 .645, 11.4% more than in 2012. The capacity (ASKs) in these markets increased by 15.1%, while passenger traffic (RPKs) increased 14.1%. Consequently, the load factor stood at 79.5%.
In February, the carriers assigned to the Holding transported within these markets a total of 1,089 .289 travelers, up 7.9% from February 2012. The capacity (ASKs) in these markets increased 13.6%, while passenger traffic (RPKs) increased 11.1%. As a result, the load factor stood at 78.8%.
During January and February 2013, the number of passengers on international routes mobilized amounted to 1,703 .556, 7.4% higher than the figure recorded in the same period of 2012. The capacity (ASKs) rose 1.9% and passenger traffic (RPKs) increased by 6.7%. As a result, the load factor reached 82.9%.
In February, Avianca, TACA and its subsidiaries carried 777,078 passengers on international routes to an increase of 5.4% over the same period of 2012. Product of a reorganization of the operation, capacity (ASKs) decreased 1.2% while passenger traffic (RPKs) increased by 4.1%. The load factor stood at 81.2%.
Copyright Photo: Arnd Wolf. The TACA fleet will start to be repainted in the Avianca brand in the second quarter. TACA’s Embraer ERJ 190-100 IGW N984TA (msn 19000273) arrives at Miami International Airport.
AeroMexico (Mexico City) has announced a new route from Las Vegas, Nevada to Puerto Penasco and Hermosillo that will be available starting on June 20 with two frequencies a week.
This route adds two new AeroMexico destinations that can connect to and from one of its main hubs bringing the total number of cities to 14. From Hermosillo, Aeromexico offers daily frequencies to Culiacan, Mexico City, Chihuahua, Los Mochis, Mazatlan, among others.
Aeromexico will schedule the new flights with 50-seat Embraer ERJ 145 aircraft operated by AeroMexico Connect (Aerolitoral) (Monterrey) on the following schedule:
Las Vegas – Puerto Penasco
|AM 2675||2:51 pm||4:35 pm||Thursday & Sunday|
Puerto Penasco – Hermosillo
|AM 2675||5:05 pm||6:01 pm||Thursday & Sunday|
Hermosillo – Puerto Penasco
|AM 2674||10:47 am||11:49 am||Thursday & Sunday|
Puerto Penasco – Las Vegas
|AM 2674||12:19 pm||2:06 pm||Thursday & Sunday|
*Schedules are in local time of each country and subject to change without notice.
Puerto Penasco is the newest tourist destination in the country’s Northeast that offers visitors an impressive hotel infrastructure of the condo-hotel type, in addition to beautiful beaches for relaxing and admiring the lovely sunsets, two golf courses, as well as many water sports options such as: sailing, sport fishing and jet skiing. Complementing this attractive destination’s offerings is the impressive Pinacate Biosphere Reserve and its more than 400 craters surrounded by the Grand Altar Desert.
Hermosillo, capital of the state of Sonora, has positioned itself as one of the most attractive cities in the country because of the astonishing variety of activities that can be enjoyed here - snorkeling, hiking, bird watching, mountain cycling, in addition to hunting tourism. The city is located three hours from the border, 100 kilometers from the Sea of Cortez, and with fast access to all other regions of the entity and other states.
Copyright Photo: Jay Selman. Embraer ERJ 145LR (EMB-145LR) XA-BLI (msn 145798) lands at Miami.
WestJet (Calgary) today launches new daily nonstop service between Calgary and Dallas/Fort Woth, Texas. The first flight leaves Calgary International Airport at 10:25 a.m. MST .
“Today marks the launch of service to a key destination,” said Chris Avery , WestJet Vice-President, Network Planning, Alliances and Corporate Development. “Dallas-Fort Worth International Airport is the fourth-largest airport in the United States , as well as a major hub for our partner, American. Combined, the two airlines offer three round-trip flights between Calgary and Dallas , and beyond that, the opportunity to connect to 16 additional cities as part of our code-sharing agreement. This additional connectivity, combined with the opportunity to earn rewards on both airlines, is an attractive offer for business travellers in particular.”
The WestJet code is also available on American-operated routes connecting through Dallas-Fort Worth to Albuquerque , N.M., Austin, Texas, Nashville , Tenn., Charlotte, N.C., Fort Lauderdale , Fla., Jacksonville , Fla., Kansas City , Mo., Orlando , Fla., Miami , Fla., New Orleans , La., Oklahoma City , Okla., Raleigh-Durham, N.C., San Antonio , Texas, St. Louis , Mo., Tampa, Fla., and Tulsa , Okla.
Details of WestJet’s new nonstop daily service between Calgary and Dallas-Fort Worth are:
|1554||Calgary at 10:25 a.m.||Dallas-Fort Worth at 2:58 p.m.||April 29, 2013|
|1555||Dallas-Fort Worth at 3:45 p.m.||Calgary at 6:29 p.m.||April 29, 2013|
Copyright Photo: Bruce Drum. American Airlines is WestJet’s new strategic partner and the move to serve AA’s largest hub at DFW makes a lot of business sense. WestJet has also serves AA’s Latin American hub at Miami where Boeing 737-7CT C-GWBF (msn 32757) is pictured taxiing to the runway.
American Airlines (Dallas/Fort Worth) yesterday was a day that did not fit the image that the company would like to project as an airline that is being reborn after emerging from Chapter 11. American was forced to ground all of its flights yesterday (April 16) for several hours after a nationwide problem with its computer systems. Over 400 flights were cancelled. The company apologized to its customers and slowly returned to normal operations later in the day.
Read the full report from the New York Times: CLICK HERE
Copyright Photo: Brian McDonough. Boeing 777-223 ER N759AN (msn 32638) in the old 1968 livery with the special “Susan G. Komen for the Cure” markings arrives at Miami.
American Airlines (Dallas/Fort Worth) yesterday (April 11) launched new service to Dusseldorf, Germany, from its hub at Chicago O’Hare International Airport, adding a new destination to American’s global route map. The new flight, is operated with a Boeing 767-300 aircraft with 28 Business Class seats and 184 Main Cabin seats.
There are about 200 Germany-based companies in the Chicago area at 500 locations.
Daily ORD-DUS Service Schedule:
- Departs ORD at 3:35 p.m.
- Arrives at DUS at 7:00 a.m. the following day
- Departs DUS at 9:45 a.m.
- Arrives at ORD at 12:05 p.m.
In addition to the new route between Chicago and Dusseldorf, American is launching new international service to Asia and Europe later this spring and summer, delivering on the airline’s business plan and network strategy designed to provide more access and choices for customers in key international markets. American will add new service to Europe between New York – JFK and Dublin, Ireland, beginning June 12. From its largest hub in Dallas/Fort Worth, American will also launch its first-ever service to Seoul, South Korea, on May 9. American also launched new service to Latin America with a daily nonstop flight between Dallas/Fort Worth and Lima on April 1.
From Chicago, American flies to London, Manchester, Dublin, Paris, Beijing, Shanghai, Tokyo, and seasonally to Rome and Helsinki in Europe, as well as Montego Bay, Jamaica. Additionally, American and American Eagle offer nonstop service to three cities in Canada and four cities in Mexico. From O’Hare, American, American Eagle and the American Connection® carrier offer more than 460 daily departures.
Copyright Photo: Luimer Cordero. Boeing 767-323 ER N7375A (msn 25202) lands at the Miami International Airport hub.
American Airlines (Dallas/Fort Worth) on April 1 launched daily service between Dallas/Fort Worth and Lima, Peru.
In addition, American also serves Lima from its hub in Miami.
Daily DFW-LIM Service Schedule
- Departs DFW at 5:25 p.m.
- Arrives at LIM at 12:20 a.m. the following day
- Departs LIM at 1:40 a.m.
- Arrives at DFW at 8:55 a.m.
American Airlines will operate Boeing 757-200 aircraft on this new route.
Beginning April 11, American will add new service between Chicago O’Hare and Dusseldorf, Germany, and will also add service to Europe between New York – JFK and Dublin, Ireland, beginning June 12. From its largest hub in Dallas/Fort Worth, American will also launch its first-ever service to Seoul, South Korea, on May 9.
Copyright Photo: Bruce Drum. Boeing 757-223 WL N664AA (msn 25298) in the special Susan G. Komen livery arrives at the Miami International Airport hub.
American Airlines (Dallas/Fort Worth) has received bankruptcy court approval to merge with US Airways (Phoenix). Details of the merger, including the final restructuring plan, still need to be finalized. The merger still needs to obtain government approvals.
Read the full report from Reuters: CLICK HERE
Copyright Photo: Luimer Cordero. American Airlines’ Boeing 737-823 WL N980AN (msn 33203) arrives at the Miami International Airport hub.
Aero Contractors Company (Aero) (Lagos) suspended all operations on March 13 after its employees protested the company’s plan to outsource some of the jobs. The Nigerian Civil Aviation Authority (NCAA) is now requiring the airline to go through a re-certification process before it can resume operations according to the Nigerian Tribune.
The airline operates scheduled passenger services with Boeing 737-400 and 737-500 aircraft and Bombardier DHC-8-300 series turboprop aircraft to various destinations across Nigeria and other parts of Africa.
Aero Contractors of Nigeria was formed in 1959 as a wholly owned by Schreiner Airways B.V of the Netherlands. The company initially was constituted with a 40% Nigerian holding in 1973 and subsequently 60% in 1976.
In January 2004 Schreiner Airways was bought by Canadian Helicopter Corporation(CHC) who acquired a 40% holding of Aero Contractors while the 60% majority share remained within the Ibru family group. Currently, Aero is wholly owned by the Ibru family.
The airline is currently recruiting new employees.
Read the full report: CLICK HERE
Copyright Photo: Bruce Drum. Formerly operated by US Airways, Boeing 737-4B7 N436US (msn 24558) became 5N-BIZ with the Nigerian carrier.
Interjet (Mexico City) on March 14 launched new twice-weekly service from Monterrey, Mexico to Las Vegas. This new route follows the Monterrey-San Antonio route which was added previously on November 15, 2012.
Copyright Photo: Brian McDonough. Airbus A320-214 XA-JAV (msn 5221) approaches Miami International Airport for landing.
Routes from Monterrey:
DAE-Dutch Antilles Express (Curacao) is expanding with new service to the United States. The airline starting on April 15 will add three new routes per Airline Route. This includes Aruba – Miami, Curacao – Orlando and Port-au-Prince – Miami.
Update: The airline suspended operations on August 24, 2013 and declared bankruptcy.
Copyright Photo: Tony Storck. Falcon Air Express operates this McDonnell Douglas DC-9-83 (MD-83) N120MN (msn 53120) for DAE in its colors. N120MN completes its final approach into Miami International Airport.
Cathay Pacific Airways (Hong Kong) and Boeing have announced an order for three additional 747-8 Freighters. The order, valued at approximately $1 billion at list prices, also includes options for five additional 777 Freighters. The new additions will bolster Cathay Pacific’s 747-8 Freighter fleet to 13 airplanes.
The new 747-8 Freighters are expected to progressively replace Cathay Pacific’s 747-400 Boeing Converted Freighter (BCF) fleet. Cathay Pacific currently operates six 747-400 Freighters, eight 747-8 Freighters, six 747-400 ER Freighters and one 747-400 BCF.
Cathay Pacific currently operates eight 747-8 Freighters and with this order, the airline is set to take delivery of five more. A total of 70 747-8 Freighters have been ordered by more than nine customers around the world. To date, Boeing has delivered 28 747-8 Freighters to six airlines.
Copyright Photo: Luimer Cordero. Boeing 747-867F B-LJE (msn 39242) climbs away from Miami International Airport.
Alitalia (2nd) (Compagnie Aerea Italiana) (Rome) is again in financial turmoil. The flag carrier reported its loss for 2012 grew to $363.8 million from $89.6 million in 2011.
In addition, its new Chief Executive Officer (CEO) Andrea Ragnetti resigned after only one year on the job.
Read the full financial report from Alitalia: CLICK HERE
Read the analysis from Bloomberg: CLICK HERE
Copyright Photo: Brian McDonough. Airbus A330-202 EI-EJP (msn 1354) lands at Miami.
Sky King, Inc. (Sky King Airlines) (Lakeland) has announced the successful negotiation of Debtor in Possession financing and intends to seek immediate court approval. The private investment consortium providing the financing is represented by Dr. Daniel Carson, an experienced aviation executive and entrepreneur. Sky King and the investment group have not announced plans for the company but are certain the airline will put forth a formal plan of reorganization in the near future. Sky King’s President, Frank Visconti stated: “This is simply the next step in the long process of restructuring and preparing the Company for the future. We are proud of the work we have done and are excited to welcome Dr. Carson and his associates into the process as they bring not only capital but equally important expansion opportunities in new markets.”
Sky King began operating in 1995 under FAR Part 125 and in 2002, the Company was granted Part 121 operating authority by the Federal Aviation Administration. Operating a fleet of Boeing 737 aircraft, the Company serves the Tour Operator, Private Charter and Public Charter markets, serving numerous Casino operators, sports franchises and scheduled flight service providers. One specific market served by Sky King involves over 150 flights per month between the US and Cuba on behalf of several US Treasury Department licensed service providers. Sky King filed for Chapter 11 Bankruptcy protection on August 31st, 2012 after two of Sky King’s largest clients in 2011 and 2012 ceased operations with substantial, unpaid debt to Sky King; these were among several factors ultimately contributing to the Company’s decision to seek Chapter 11 reorganization protection.
Copyright Photo: Brian Mcdonough. Boeing 737-4Q8 N916SK (msn 24706) with rare titles approaches Miami International Airport after finishing a Cuban charter.
Copa Holdings, S.A. (Copa Airlines and Copa Airlines Colombia) (Panama City) has announced its financial results for the fourth quarter of 2012 and the full year of 2012.
- Copa Holdings reported net income of US$86.6 million for 4Q12 or earnings per share (EPS) of US$1.95, as compared to net income of US$104.4 million or EPS of US$2.36 in 4Q11. Excluding special items, Copa Holdings reported an adjusted net income of US$89.3 million or adjusted EPS of $2.01, compared to adjusted net income of US$85.3 million or adjusted EPS of $1.93 in 4Q11.
- Net income for full year 2012 reached US$326.5 million or EPS of US$7.35, compared to US$310.4 million or EPS of US$6.98 for full year 2011. Excluding special items, however, Copa Holdings would have reported an adjusted net income of US$336.1 million or EPS of US$7.57, compared to adjusted net income of US$314.1 or adjusted EPS of $7.06 for full year 2011.
- Operating income for 4Q12 came in at US$104.3 million, representing a 6.5% decline from operating income of US$111.5 million in 4Q11, mainly as a result of a 3.7% drop in unit operating revenue per available seat mile (RASM) and a 6.3% increase in the all-in price of jet fuel. As a result, operating margin for 4Q12 came in at 17.4%, or 4.5 percentage points below 4Q11.
- The Company reported operating income of US$402.5 million for full year 2012, representing an increase of 4.6% over operating income of US$385.0 million in 2011. Operating margin for full year 2012 came in at 17.9%, as compared to an operating margin of 21.0% in 2011.
- Total revenues for 4Q12 increased 17.7% to US$599.8 million. Yield per passenger mile decreased 4.1% to 17.1 cents and RASM came in at 13.5 cents, or 3.7% below 4Q11. However, on a quarter over quarter basis, both yields and RASM remained relatively flat over our third quarter high season, declining only 0.9% and 0.2%, respectively.
- For 4Q12 consolidated passenger traffic grew 23.7%, led by international traffic growth which expanded a robust 26.0%. At the same time, consolidated capacity grew 22.3%, led by a 24.4% increase in international capacity. As a result, consolidated load factor for the quarter increased 0.8 percentage points to 75.7%. For full year 2012, consolidated load factor came in at 75.4%, down 0.9 percentage points from 2011, on 24.1% capacity growth.
- Operating cost per available seat mile (CASM) increased 1.8%, from 11.0 cents in 4Q11 to 11.1 cents in 4Q12 as a result of an increase in the all-in price of jet fuel. However, CASM excluding fuel cost decreased 1.3% from 6.9 cents in 4Q11 to 6.8 cents in 4Q12, as a result of lower labor, maintenance and distribution unit costs, which were partly offset mainly by higher passenger servicing costs and other administrative expenses.
- Cash, short term and long term investments ended 2012 at US$720.5 million, representing 32% of the last twelve months’ revenues.
- During the fourth quarter, Copa Airlines took delivery of two Boeing 737-800s and returned one leased Boeing 737-800 aircraft. As a result, Copa Holdings ended the year with a consolidated fleet of 83 aircraft, composed of 18 Boeing 737-700s, 39 Boeing 737-800s and 26 Embraer-190s.
- During the fourth quarter, Copa Holdings and Boeing agreed to reschedule four future B737-800 aircraft deliveries (2 firm and 2 options). As a result, the company now has eight firm deliveries of Boeing 737-800 aircraft and four lease expirations of B737-700 aircraft for 2014.
- For 2012, Copa Holdings reported on-time performance of 85.5% and a flight-completion factor of 99.6%, maintaining its position among the best in the industry.
Copyright Photo: Tony Storck. Boeing 737-7V3 HP-1524CMP (msn 33705) arrives at Miami International Airport, its original destination in North America.
Iberia‘s (Madrid) ground and cabin crews have rejected a new proposal by management on job and salary cuts and they now plan to strike for five consecutive days later this month according to this report by Reuters.
Read the full report: CLICK HERE
Meanwhile the IAG issued this short statement:
International Airlines Group (IAG) confirms that no agreement has been reached between Iberia and its trade unions over the airline’s transformation plan proposals, published on November 9, 2012.
Iberia will, therefore, press ahead with the previously announced capacity reduction of 15 per cent for 2013.
IAG will also move forward on alternative plans to return Iberia to break-even, in terms of operating cash flow, by the second half of this year and restore Iberia to an acceptable level of profitability by 2015.
Willie Walsh, IAG chief executive, said: “We’re disappointed that no agreement has been reached. Iberia is ready and willing to negotiate with the Trade Unions. We are determined and united to implement the necessary changes to secure the future survival and viability of Iberia”.
Copyright Photo: Dave Campbell. Iberia’s Airbus A340-642 EC-JNQ (msn 727) taxies to the runway at Miami International Airport bound for the MAD hub.
Video: Iberia is getting ready to introduce the new Airbus A330. Five Airbus A330-302s are on order. Iberia plans to introduce a new color scheme if it can achieve any form of labor peace. In the meantime, the carrier has introduced this new video touting the features of the new aircraft.
Per Airline Route the carrier has delayed the introduction of the new type until February 20 and will be introduced on the Madrid-London (Heathrow) route. Madrid-Dakar will follow on March 9.
Air Italy (2nd) (Rome) will be merged into Meridiana fly (Olbia) by February 15. According to this report by First Online (translated from Italian), “Meridiana SpA will acquire all of the ordinary shares held by the former shareholders of Meridiana fly – Air Italy Holding Ltd. (Marchin Investments BV, Pathfinder Ltd and Zain Holding Ltd., which together control 38.71% of the shares of the combined airline group). Meridiana fly will then turn over 89.91% of the share capital to its new controlling shareholder AKFED, controlled by Prince Karīm al-Hussayn Aga Khan. The transfer of shares will be completed by February 15. The new CEO of the reorganized Meridiana fly will be Roberto Scaramella, the aviation director of AKFED, who replaces Joseph Gentile.”
Read the full report (in Italian): CLICK HERE
Meridiana fly was originally founded as Alisarda on March 29, 1963 by Prince Karīm al-Hussayn Aga Khan, with the aim to promote tourism in Sardinia. Scheduled flights have been operated since 1964.
On May 3, 1991, Alisarda was renamed Meridiana.
At the end of February 2010, a new airline was founded: Meridiana fly, born from the merger of Eurofly, a company specializing in charter flights and Meridiana, with a scheduled European and national route network, mostly aimed at connecting the main Italian airports with the two main islands of Sardinia and Sicily.
Air Italy (2nd) joined the Meridiana Group in October 2011.
Additionally, according to ch-aviation, the AOCs of both carriers were revoked by ENAC this week due to the financial difficulties of the two carriers and were issued temporary AOCs for a year.
Read the full report: CLICK HERE
Currently the two Italian airlines are now sharing the same website. Aga Khan is expected to increase his share holdings and investment in the new airline.
Bottom line, the Air Italy name and brand will be retired.
Top Copyright Photo: Arnd Wolf. Boeing 767-304 ER N769NA (msn 28039) of Air Italy completes its final approach into Miami International Airport.
Bottom Copyright Photo: Marco Finelli. Meridiana fly has been slow to develop its own brand. Since the merger with Eurofly, most aircraft are still operated in uninspiring white schemes. Even this Airbus A320-214 I-EEZI (msn 749) at Bologna still wears the old colors of Eurofly. A total remake of the new entity must be accomplished for the new company to thrive.
AMR Corporation reports a 4Q 2012 net profit of $262 million, a $1.4 billion improvement over 4Q 2011 and a $1.9 billion loss for 2012
AMR Corporation (Dallas/Fort Worth), the parent company of American Airlines, Inc. (Dallas/Fort Worth), today reported results for the fourth quarter and year ended December 31, 2012. Key points include:
- Revenue of $24.9 billion in 2012, the highest in company history
- Full-year operating profit of $494 million, excluding special items, a $749 million improvement over 2011
- Full-year net loss of $1.9 billion. Excluding reorganization and special items, the full-year net loss was $130 million, a $932 million improvement over 2011
- American took delivery of 11 new aircraft in the fourth quarter (nine 737-800s and two 777-300ERs) and 30 new aircraft during the full year (28 737-800s and two 777-300ERs), putting the airline on track to have the youngest, most fuel-efficient fleet among U.S. network carriers by 2017
“We have made enormous progress towards building the new American,” said Tom Horton, AMR’s Chairman and CEO. “It is remarkable what the American team has been able to accomplish, including generating record revenue and a return to an operating profit for the year while restructuring every aspect of our company. I want to thank all of our people for their dedication, hard work and commitment to serving our customers during this time. Our momentum is growing toward emerging as a strong, healthy and vibrant competitor. In fact, with what we have accomplished, we expect to show strong results beginning in the first quarter of 2013.”
In the fourth quarter, AMR reported a net profit of $262 million compared to a net loss of $1.1 billion in the fourth quarter of 2011. AMR’s fourth quarter results include $350 million of net positive reorganization and special items, which are detailed below.
Excluding reorganization and special items, the net loss in the fourth quarter of 2012 was $88 million, a $121 million improvement from the prior year. The fourth quarter of 2012 was negatively impacted by Hurricane Sandy and the early November snow storm in the Northeast and, separately, by the residual headwind on fourth quarter bookings from the operational disruptions experienced in late September and early October. The cumulative impact from these events is estimated to have reduced net profits by $142 million.
For full-year 2012, American recorded a net loss of $1.9 billion, compared to 2011′s full-year net loss of $2.0 billion. AMR’s full year 2012 results include $1.7 billion of net negative reorganization and special items, which are detailed below.
Excluding reorganization and special items, the net loss for 2012 was $130 million, a $932 million improvement over 2011. The company’s operating profit, excluding special items, of $494 million for 2012 was a $749 million improvement over last year.
During the last year, AMR has completed the majority of its financial restructuring, including reducing debt, renegotiating aircraft leases and facilities agreements, grounding older airplanes, rationalizing the regional fleet, and renegotiating supplier relationships. AMR expects these actions to continue to increasingly improve its cost structure in 2013, as the company approaches its targeted restructuring related savings by the end of 2013.
- American achieved labor cost reductions of 17 percent across all workgroups, including management, independent employees and unionized workgroups, all of which ratified agreements for six-year terms. Progress was also made at American Eagle, which achieved costs savings and reached agreements with its unionized workgroups
- American made changes to its organizational structure to reduce management positions, making American’s management workgroup the leanest among the network carriers
- Renegotiated the financing terms for more than 400 mainline and regional aircraft, which includes completing its financial contracts on its 216 Embraer aircraft. Improved terms on these aircraft significantly lower AMR’s aircraft ownership related costs, while also harmonizing its aircraft retirement and new aircraft delivery schedules
- Negotiated more than 95 percent of American’s 725 facility leases
- Evaluated and/or renegotiated over 9,000 vendor/supplier agreements – American’s suppliers have made significant contributions to its strategic plan for success, allowing AMR to meet its savings objectives as outlined in its business plan
- Realized over $400 million in restructuring related savings in the fourth quarter, primarily from renegotiated aircraft leases, reductions to management and support staff positions, freezing the pension plans for all workgroups, and sun-setting the retiree medical program for active employees
“Throughout 2012, we have executed on all aspects of our business plan – streamlining our organizational structure, increasing unit revenues, reducing unit costs, and restructuring our balance sheet,” said Bella Goren, AMR’s Chief Financial Officer. “The strong financial foundation we are building gives us the ability to deliver returns to our financial stakeholders and make investments that create enhanced value for our customers and our people.”
For the fourth quarter of 2012, the company reported consolidated revenue of $5.9 billion, 0.3 percent lower compared to the prior year. The combined effects of Hurricane Sandy, the November snow storm in the Northeast, and the booking headwind from the earlier operational disruption, negatively impacted revenue by an estimated $155 million in the fourth quarter.
Fourth quarter consolidated passenger revenue per available seat mile (PRASM) was comparable to the same period last year, and mainline PRASM decreased by 0.4 percent. Absent the same factors that impacted revenues – described above – American estimates that PRASM would have been approximately 2.0 percentage points higher than the fourth quarter of 2011.
For full-year 2012, AMR reported record consolidated revenue of $24.9 billion, up 3.7 percent compared to 2011, on 1.0 percent less capacity. For 2012, AMR’s consolidated and mainline PRASM rose 5.8 percent and 5.6 percent year-over-year, respectively. Consolidated revenue performance was driven by a 4.6 percent year-over-year improvement in yield, or average fares paid, and record high consolidated and mainline load factors, or percentage of seats filled, of 82.2 percent and 82.8 percent, respectively. Domestic PRASM improved 5.5 percent in full-year 2012 versus full-year 2011, with PRASM increases across all five of American’s hubs.
International PRASM increased 5.7 percent in 2012 over the prior year, driven by improved yield performance across all entities and increased load factors. “We are making tremendous progress strengthening American’s global network by focusing the flying from our hubs to the most important domestic and international cities with the highest concentration of business travelers,” said Virasb Vahidi, American’s Chief Commercial Officer. “We are enhancing relationships with the best international alliance partners and creating a pipeline of industry-leading products and services, including a significant renewal and transformation of our fleet that will drive revenue performance in the coming years.”
American’s 2012 revenue improvement is a result of solid execution on its network, alliances, and product strategy. The recent revenue progress does not yet account for the benefits expected from initiatives accomplished in the restructuring.
For the fourth quarter, AMR’s consolidated operating expenses, excluding special items, decreased $139 million, or 2.3 percent, versus the same period in 2011. American’s mainline cost per available seat mile (unit cost) in the fourth quarter decreased 3.3 percent versus the same period last year, excluding special items in both periods. Taking into account the impact of fuel hedging, AMR paid $3.22 per gallon for jet fuel in the fourth quarter versus $3.01 a gallon in the fourth quarter of 2011, a 6.6 percent increase. As a result, the company paid $135 million more for fuel in the fourth quarter of 2012 than it would have paid at prevailing prices from the prior-year period.
Excluding fuel and special items, mainline and consolidated unit costs in the fourth quarter of 2012 decreased 8.9 percent and 7.6 percent year-over-year, respectively, primarily driven by American’s restructuring efforts. “The significant improvement in the fourth quarter in non-fuel unit cost underscores the results we have been able to achieve in our restructuring efforts and the competitive cost structure we have put in place for the future,” said Bella Goren, AMR’s Chief Financial Officer.
Since many of the restructuring savings were implemented near the end of the year, AMR’s full year 2012 consolidated operating expenses, excluding special items, were up 0.3 percent, or $84 million, year-over-year. They also reflect a negative impact of $514 million due to higher fuel prices in 2012. American’s 2012 mainline unit costs, excluding special items, increased 1.5 percent versus the prior year. Excluding fuel and special items, mainline unit costs decreased 0.9 percent for the same period.
An unaudited summary of full-year 2012 results is available in the tables at the back of this press release.
AMR ended the fourth quarter with approximately $4.7 billion in cash and short-term investments, including a restricted cash balance of $850 million, compared to a balance of approximately $4.7 billion in cash and short-term investments, including a restricted balance of approximately $738 million, at the end of the fourth quarter of 2011.
2012 Notable Accomplishments
American has made significant progress in its plan to transform the airline into an industry leader. While the restructuring process is allowing the company to achieve a competitive cost structure and strengthen its balance sheet, American also showed improvement across all aspects of its business. Key accomplishments in 2012 include:
- The largest annual revenue in company history
- Unit revenue growth that outpaced the industry average in 2012 – driven by strong customer demand for American’s product. Mainline and consolidated PRASM, passenger yield and load factor in 2012 were all records for any year in AMR’s history
- Full-year 2012 operating profit, excluding special items, of $494 million, a $749 million improvement over 2011
Fleet Renewal and Transformation:
American made substantial progress on its fleet renewal plans and is on pace to have the youngest fleet in the industry in the next five years.
- In the fourth quarter, the size of American’s fleet of 737-800s surpassed that of its MD-80s. 737-800s offer a 35 percent reduction in fuel cost per seat versus the MD-80
- American became the first U.S. airline to take delivery of the Boeing 777-300ER, giving the airline’s fleet additional network flexibility, while delivering a state of the art customer experience, and better operating economics
- American has 59 new mainline aircraft slated for delivery in 2013 and is in the midst of a significant renewal and transformation of its fleet
Customer Experience Enhancements:
American has taken many steps to provide an exceptional customer experience throughout the entire travel journey.
- Announced a redesigned interior of its international widebody aircraft, including 777-200ERs and 767-300ERs
- Will be the first domestic carrier to offer three-class service and fully lie-flat First and Business Class seats on transcontinental flights
- Installing Main Cabin Extra to give customers more leg room in the Coach cabin
- Introduced new travel options and a brand new booking path on AA.com offering customers more choices to book competitive, round-trip fares, as well as select new combinations of products and services customers value most
Network and Alliances Strategy:
American bolstered its network and alliances by expanding service from its hubs to the domestic and international cities most desirable to high value customers and by enhancing existing and forging new strategic partnerships.
- International Expansion – American announced new routes and expansion into new international markets that have strong growth prospects, including:
- Manaus and Sao Paulo, Brazil; Roatan, Honduras; Asuncion, Paraguay; Puebla, Mexico; Bogotá, Colombia
- Dusseldorf, Germany and Dublin, Ireland
- Seoul, South Korea
- Joint Businesses – The continuing maturation of American’s joint business agreements with IAG, parent of British Airways and Iberia, over the Atlantic, and Japan Airlines over the Pacific, were instrumental in driving unit revenue improvements of 5.9 percent and 9.6 percent over the Atlantic and Pacific in 2012, respectively
- Codeshare – American expanded its long-standing partnership with LATAM Airlines group by embarking on codeshare agreements with TAM and LAN Colombia
- oneworld® - New member airberlin and members-elect Malaysia and Qatar Airways will bolster American’s network
Reorganization and Special Items:
AMR’s fourth quarter 2012 results include $350 million of net positive reorganization and special items.
- Of that amount, AMR recognized a $569 million non-cash income tax benefit from continuing operations during the fourth quarter of 2012 related to gains in Other Comprehensive Income
- The company recognized a $441 million loss in reorganization items resulting from certain of its direct and indirect U.S. subsidiaries’ voluntary petitions for reorganization under Chapter 11 on November 29, 2011. These items primarily result from estimated claims associated with restructuring the financing arrangements for certain debt, aircraft leases, as well as professional fees
- The company recognized $58 million in special charges, primarily associated with personnel related restructuring costs
- The fourth quarter results also include a $280 million benefit from settlement of a commercial dispute
AMR’s full year 2012 results include $1.7 billion of net negative reorganization and special items.
- Of that amount, the company recognized a $2.2 billion loss in reorganization items resulting from certain of its direct and indirect U.S. subsidiaries’ voluntary petitions for reorganization under Chapter 11 on November 29, 2011. These items are primarily from estimated claims associated with restructuring the financing arrangements for certain debt, aircraft leases, and rejecting certain special facility revenue bonds, as well as professional fees
- The company recognized $387 million in special charges, primarily associated with personnel related restructuring costs
- As described above, in the fourth quarter, the company recognized a $569 million non-cash income tax benefit from continuing operations, and a $280 million benefit from a settlement of a commercial dispute
AMR estimates consolidated capacity in the first quarter of 2013 to be down 1.7 percent versus the first quarter of 2012.
Factors contributing to this estimated reduction in capacity include the absence of Leap Day in 2013, and progress American has made in implementing its Main Cabin Extra program removing seats from the coach cabin. To date, American has completed the retrofit of its Boeing 757 and 767 fleets, has completed approximately half of its 737 fleet, and will commence the retrofit of the MD-80 fleet in January 2013 with completion targeted for the second quarter.
As previously reported, American experienced an unusually high number of pilot retirements in the fall of 2011 that resulted in capacity reductions for the period November 2011 to February 2012.
Absent the impact of the capacity reductions in January and February of 2012 due to pilot retirements, consolidated capacity in the first quarter of 2013 is estimated to be down 3.4 percent year-over-year.
First Quarter Unit Costs Guidance
AMR will continue to realize restructuring related savings and estimates that in the first quarter of 2013, unit costs will improve year-over-year, despite a capacity headwind due to consolidated capacity decreasing by 1.7 percent and lapping some restructuring related savings that impacted the first quarter of last year.
Copyright Photo: Bruce Drum. The new stretched Boeing 777-300 ER aircraft are being delivered in a non-logo gray scheme pending the unveiling of a new livery. The first new Triple Seven is due to go into revenue service on January 31. Is a pending merger announcement with US Airways holding up the unveiling of the new look? Classic Boeing 777-223 ER N785AN (msn 3005) taxies at the Miami hub in the old 1968 livery.
Ryan International Airlines (Rockford) yesterday (January 11) reversed its bankruptcy reorganization path from reorganization (Chapter 11) to liquidation (Chapter 7). The charter airline suddenly shut down and laid off all of its employees. The airline is still talking with prospective investors but it is a long shot for the airline to restart operations.
The airline went into Chapter 11 reorganization in March 2012. Previously the company was established by Ron Ryan in Wichita, KS and started operations on March 3, 1973 as Ryan Aviation. In 2005 the company was sold to the Rubloff Development Group which moved the company to Rockford (near Chicago) in 2006.
Read the full report from Channel 13 in Rockford: CLICK HERE
Top Copyright Photo: Bruce Drum. Boeing 757-2G5 N929RD (msn 23929) at Miami displays the 2004 livery of the company.
Cayman Airways (Grand Cayman) will resume nonstop, year-round flights from Grand Cayman to Dallas/Fort Worth starting on April 10, 2013. The route will operate two days a week.
The new schedule also facilitates immediate connections to Cayman Brac from Grand Cayman.
Cayman Airways operates four Boeing 737-300s and two de Havilland Canada DHC-6 Twin Otter aircraft.
Bi-weekly flights will be scheduled Wednesdays and Saturdays for the following times:
|KX 320||Grand Cayman||8:30 am||Dallas-Fort Worth||12:30 pm|
|1:50 pm||Grand Cayman||5:50 pm|
Copyright Photo: Bruce Drum. Boeing 737-36E VP-CKW (msn 26322) arrives at Miami dressed in the 2007 livery based on coat of arms for the British Overseas Territory.
Iberia to drop long-haul service to Havana, Montevideo, San Juan and Santo Domingo on March 31, braces for strikes
Iberia (Madrid) is dropping all long-haul service to Havana, Montevideo, San Juan and Santo Domingo. The last flights will be operated on March 31, 2013. The airline is also dropping flights to Athens, Istanbul and Cairo, which will be suspended in mid-January 2013. The company has issued the following statement:
Iberia has announced details of its new commercial and routes policies under the Transformation Plan it announced recently. The plan is intended to restore profitability to the airline, which racked up operating losses of 262 million euros in the first nine months of 2012, and thus to ensure its future viability.
Spain’s SIMA labor conflict arbitration body has summoned Iberia and the striking unions to a meeting on Monday (December 10) to explore the possibility of mediation.
Iberia regards the strikes as both a disproportionate and unjustified response to its new Transformation Plan, since the airline has already agreed to negotiate the labor aspects of the restructuring plan, aimed at restoring profitability and ensuring the future viability of the 85-year-old Spanish airline.
Unions have called six strike days, five of them consecutive, for one of the busiest weeks of the year, which will worsen the company’s current loss-making situation and seriously inconvenience thousands of customers, while bringing no possible benefit to employees.
The company’s position is that a strike to protest the restructuring plan is out of order since it has already agreed to negotiate the labour aspects of its plan that was unveiled in November. It says the strike will seriously worsen the company’s situation in a year when operating losses had already reached 262 million euros by end of September.
Since the strikes are scheduled for December 14 and December 17-21.
Copyright Photo: Bruce Drum. Airbus A340-642 EC-IZY (msn 604) pushes back from the gate at Miami bound for the Madrid hub.