Monthly Archives: August 2015

JetBlue Airways to start seasonal service to Palm Springs on January 14, 2016

JetBlue Airways (New York) today announced it will begin seasonal nonstop service between New York’s John F. Kennedy International Airport (JFK) and Palm Springs International Airport (PSP) in Southern California this winter, subject to government approval. Palm Springs will be JetBlue’s ninth destination in the Golden State.

The new flights will operate five times per week, Thursday through Monday, between January 14, 2016 and May 1, 2016.

JetBlue will operate Airbus A320s on the route.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-232 N509JB (msn 1270) in the Tartan tail design lands at Long Beach, CA.

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Aeroflot Group reports a net loss for the first half

Aeroflot Group (Aeroflot Russian Airlines) (Moscow) today (August 31) published its consolidated interim financial statements for the six months ended June 30, 2015, in accordance with International Financial Reporting Standards:

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First Half (1H) 2015 Operating and Financial Highlights for Aeroflot Group:

  • Group passenger traffic increased by 14.0% year-on-year, with 33.4% year-on-year growth in the domestic segment;
  • Aeroflot Group increased its market share [1] by 5.8 percentage points (p.p.) year-on-year to 37.0%;
  • Revenue reached RUB 176,467 million, up 25.8% year-on-year;
  • EBITDAR [2] nearly doubled year-on-year to RUB 33,252 million;
  • EBITDA [2] increased by more than two-fold year-on-year to RUB 13,311 million;
  • Operating profit amounted to RUB 5,866 million as compared to an operating loss of RUB 1,384 million in 1H 2014;
  • Net loss amounted to RUB 3,541 million ($52,699.99)

Shamil Kurmashov, PJSC Aeroflot Deputy CEO for Finance and Network and Revenue Management, commented:

“In the first half of 2015, Aeroflot Group strengthened its position as the leader in the Russian air transportation market with 14.0% year-on-year growth in passenger traffic and a 5.8 percentage point increase in market share. This was driven by strong operational performance at Aeroflot airline and the successful roll-out of Russia’s first low-cost carrier, Pobeda, which has quickly become one the top airlines in the country. The Group also benefited from changes in the competitive landscape, taking market share from foreign carriers that decreased frequencies on a number of routes as well as less efficient Russian peers.

“Our focus on the high-growth domestic market paid off with strong increases in Group traffic, which drove revenue up 25.8% year-on-year to RUB 176.5 billion, while strict cost control reined in growth of operational expenses despite exchange rate volatility. As a result, in the first half of 2015 Aeroflot Group posted an operating profit of RUB 5.9 billion; EBITDA and EBITDAR also rose, and the EBITDA and EBITDAR margins increased 3.9 and 6.9 percentage points to 7.5% and 18.8%, respectively.

“The Group focused on fleet optimization, cost-cutting, boosting efficiency of business processes and financial management, and maintaining a robust financial position. We are confident our policy of expanding our presence on the growing Russian market, maintaining customer loyalty and increasing business efficiency will enable continued growth in the Group’s profitability as the Russian economy recovers.”

In 1H 2015, Aeroflot Group’s revenue increased by 25.8% year-on-year to RUB 176,467 million, primarily as a result of an increase in revenue from Scheduled passenger flights and Other revenues.

Revenue from scheduled passenger flights in 1H 2015 increased by 30.0% year-on-year to RUB 144,087 million, boosted by 14.0% growth in passenger traffic year-on-year. Revenue from charter flights decreased by 71.0% to RUB 2,075 million, due to the Group’s strategy to decrease its presence in this market segment, as well as overall market dynamics in tourism traffic.

Despite a 1.0% decrease in the volume of cargo and mail carried in 1H 2015, cargo revenue increased 16.3% year-on-year on the back of stronger yields.

Other revenues increased by 39.9% year-on-year to 25,863 million, mainly driven by an increase in FX-denominated revenues from airline agreements following changes in the exchange rate.

Notes:

1. Including foreign carriers traffic.

2. EBITDAR = EBITDA before operating lease expenses. EBITDA = operating income + depreciation & amortization + customs duties.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-3M0 ER VQ-BUB (msn 41690) departs from Los Angeles International Airport.

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JAL is coming back to Dallas/Fort Worth

JAL-Japan Airlines (Tokyo) will restore the Tokyo (Narita) – Dallas/Fort Worth route on November 30. The restored route will be operated with Boeing 787-8 Dreamliners four days a week.

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American Airlines issued this statement welcoming back JAL to DFW:

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American Airlines is pleased to welcome fellow oneworld alliance member and Pacific Joint Business partner Japan Airlines (JAL) to Dallas/Fort Worth International Airport (DFW) with its return to service between Tokyo Narita (NRT) and DFW starting November 30, 2015. American will add its code to the route.

American currently operates twice-daily service from DFW to NRT with Boeing 777-200 aircraft. JAL will offer customers service four days per week with Boeing 787-8 aircraft fitted with the airline’s latest cabin interiors and seats in a three-class configuration and is considering scheduling daily service for spring 2016.

“On behalf of American’s 100,000 employees, we welcome our joint business partner, Japan Airlines, to our great hub in Dallas/Fort Worth,” said Andrew Nocella, American’s chief marketing officer. “American is making great strides to expand our presence in Asia, and this partnership represents a key component of that effort. This new service complements American’s existing service and brings more choice for our customers traveling between Asia and the U.S., providing more opportunities to connect Asia to South America. Japan Airlines is an honorable partner and a great friend to American.”

“We are pleased to announce the return of Dallas/Fort Worth to our international network, which becomes our eighth gateway in North America and our fourth U.S. service launch in just over three years,” said Yoshiharu Ueki, President of Japan Airlines. “By making full use of the efficiencies of the Dreamliner as well as capitalizing on our even stronger relationship with American Airlines, we are confident this resumed service will provide even more valuable links for commercial and cultural exchanges for our customers in both regions and beyond.”

“We are honored to welcome back Japan Airlines to Dallas/Fort Worth International Airport and are excited about the outstanding connectivity and customer service they will provide to passengers flying to Japan and throughout Asia,” said Sean Donohue, chief executive officer of DFW Airport. “With the addition of this new flight to Tokyo, coupled with partner American Airlines’ two daily flights, DFW Airport will further support our mission to connect the world to Dallas Fort Worth.”

 

American and JAL commenced their Pacific Joint Business partnership in April 2011, and have since greatly expanded customer benefits including better flight schedules, expanded codesharing, more coordinated services and greater access to a wider variety of fares.

JAL will offer a special bonus mile campaign for JAL Mileage Bank loyalty program members. For details, refer to the JAL website.

Copyright Photo: Fred Freketic/AirlinersGallery.com. Boeing 787-8 Dreamliner JA839J (msn 34853) taxies at New York’s JFK International Airport (JFK).

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Delta to add Seattle/Tacoma – Edmonton service

Delta Air Lines (Atlanta) continues to build up its Seattle-Tacoma International Airport (SEA) hub. The carrier will add daily Delta Connection Bombardier CRJ700 jet service from SEA to Edmonton, Alberta per Airline Route.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. SkyWest Airlines’ Bombardier CRJ700 (CL-600-2C10) N614SK (msn 10051) lands at Long Beach.

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XL Airways France to operate to Los Angeles

XL Airways France (Paris-CDG) will operate summer seasonal flights from Paris (CDG) to Los Angeles next summer starting on June 1, 2016. Three weekly flights will be operated with Airbus A330-200s according to Airline Route.

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Top Copyright Photo: Chris Sands/AirlinersGallery.com. Airbus A330-243 F-GRSQ (msn 501) is pictured operating at Calgary.

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FedEx pilots’ union leadership approves the the tentative agreement

The FedEx Master Executive Council (MEC), the governing body of the FedEx Express (Memphis) unit of the Air Line Pilots Association, Int’l (ALPA), voted to approve the tentative contract agreement reached on August 19 with FedEx management.

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The agreement now goes before more than 4,000 FedEx pilots eligible to vote in balloting that is scheduled to begin September 28, 2015, and close on October 20, 2015.

The new agreement provides across-the-board increases to hourly pay rates and new-hire compensation, a significant signing bonus that addresses the time elapsed since the agreement was amendable, retirement plan enhancements, and work-rule improvements. If ratified, the contract will go into effect November 2015 and would become amendable in 2021.

Copyright Photo: Ken Petersen/AirlinersGallery.com. Airbus A300B4-622R (F) N728FD (msn 581) climbs away from Raleigh-Durham International Airport (RDU).

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Cargojet and UPS Canada enter into a long-term cargo relationship

Cargojet Airways (Hamilton) has announced the company has entered into a new Air Cargo Service Agreement with United Parcel Service Canada Ltd. (UPS). This Agreement replaces the agreement originally entered into in 2003 to provide domestic overnight air cargo services throughout Canada.

The initial term of the agreement is for a ten-year period with two, three-year renewal options.

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Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of 5 Boeing 767-300 ER, 5 Boeing 767-200 ER, 5 Boeing 757-200 and 9 Boeing 727-200F aircraft.

Copyright Photo: Chris Sands/AirlinersGallery.com. Cargojet is one of the last operators of the Boeing 727 in Canada. Boeing 727-223 (F) C-GCJY (msn 22460) departs from Calgary.

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