Monthly Archives: November 2021

Frontier Airlines announces 18 nonstop routes, 2 new destinations

Frontier Airlines today announces a significant rollout of 18 nonstop routes, including two new destinations: Aguadilla, P.R. and Fort Lauderdale/Hollywood, Fla., plus service expansions in Cancun, Mexico and San Juan, P.R.

New Routes to Cancun International Airport (CUN):

SERVICE FROM:

SERVICE START:

SERVICE FREQUENCY:

INTRO FARE:

Hartford, Conn. (BDL)**

Feb. 17, 2022

3x Weekly

To CUN: $99*

Buffalo, N.Y. (BUF)**

Feb. 18, 2022

3x Weekly

To CUN: $99*

Providence, R.I. (PVD)**

Feb. 19, 2022

1x Weekly

To CUN: $99*

**Subject to government approval.

New Routes to Fort Lauderdale-Hollywood International Airport (FLL):

SERVICE FROM:

SERVICE START:

SERVICE FREQUENCY:

INTRO FARE:

Atlanta (ATL)

Feb. 17, 2022

Daily

$29*

Buffalo, N.Y. (BUF)

Feb. 17, 2022

Daily

$49*

Islip, N.Y. (ISP)

Feb. 17, 2022

Daily

$39*

Orlando (MCO)

Feb. 17, 2022

Daily

$19*

Philadelphia (PHL)

Feb. 17, 2022

Daily

$39*

Providence, R.I. (PVD)

Feb. 17, 2022

Daily

$59*

Stewart, N.Y. (SWF)

Feb. 17, 2022

3x Weekly

$59*

Trenton, N.J. (TTN)

Feb. 17, 2022

Daily

$49*

Albany, N.Y. (ALB)

Feb. 18, 2022

3x Weekly

$49*

Rochester, N.Y. (ROC)

Feb. 18, 2022

2x Weekly

$49*

Green Bay, Wis. (GRB)

Feb. 19, 2022

1x Weekly

$49*

Portland, Maine (PWM)

Feb. 19, 2022

1x Weekly

$49*

New Routes to San Juan Airport (SJU):

SERVICE FROM:

SERVICE START:

SERVICE FREQUENCY:

INTRO FARE:

Boston (BOS)

Feb. 17, 2022

4x Weekly

$79*

Hartford, Conn. (BDL)

Feb. 18, 2022

3x Weekly

$79

New Route to Rafael Hernández International Airport, Aguadilla, P.R. (BQN):

SERVICE FROM:

SERVICE START:

SERVICE FREQUENCY:

INTRO FARE:

Orlando (MCO)

March 24, 2022

3x Weekly

$59*

interCaribbean announces flights to Georgetown, Guyana

interCaribbean Airways has announced services from Georgetown (GEO), Guyana to Barbados (BGI), with connecting flights to St Vincent and the Grenadines (SVD), Antigua (ANU), Grenada (GND), Dominica (DOM), and St Lucia (SLU). An onward flight via Barbados to Antigua, will continue to Providenciales and connect onwards to Havana, Cuba.

Flights are scheduled to begin operations on December 17, 2021 in time for the holiday season with 12 weekly flights planned to operate between Georgetown and Barbados.

In other news, interCaribbean Airways has been serving Antigua from Tortola since 2015 with up to double daily flights with AM and PM departures, connecting to Europe and USA/Canada bound flights as well as connection Antigua with onward flights to 8 other onward cities.

Now, interCaribbean has announcedf new Antigua service with two new nonstop Jet service (ERJ145) destinations, connecting Antigua (ANU) with Barbados (BGI) with an initial two weekly flights, as well as nonstop service from Antigua (ANU) to Providenciales (PLS).

The Barbados flight continues immediately onwards to newly announced Georgetown (GEO), Guyana with 2 hours of flying and a short transit time. The same connection point in Barbados offers onward also to St Vincent and the Grenadines (SVD), St Lucia (SLU) and Grenada (GND).

For the first time the Eastern Caribbean can now experience jet service between Antigua and Barbados, and onwards to Georgetown, making this the fast flight connection in the region.

New nonstop service to Providenciales (PLS), Turks and Caicos Islands, offers an immediate onward connection to Havana (HAV), Cuba as well as Nassau (NAS), Bahamas, and Kingston (KIN), Jamaica. Travelers can now jet between Antigua and Havana in less than 4 hours of flying time giving the fastest connection the market has seen.

Schedule Antigua– BarbadosAntigua
Flight JY 797 departs Antigua 2.30pm arrives Barbados 3.35pm (Wednesday and Saturday)
Flight JY 792 departs Barbados 12.10pm, arrives Antigua 1.15pm

Schedule Antigua-Providenciales-Antigua
Flight JY 794 departs Antigua 1.45pm arrives Providenciales 2.45pm* (Wednesday and Saturday)
Flight JY 795 departs Providenciales 10.30am, arrives Antigua 1.30*pm

* 1-hour time difference in winter between Antigua and Providenciales

Flight are scheduled to begin operations from the week of December 17, 2021 in time for the holiday season and making Antigua more connected with the region than ever before.

Vietnam Airlines arrives in San Francisco

San Francisco International Airport (SFO) made this announcement on social media:

easyJet reports a financial loss for the fiscal year

easyJet issued this financial report for its fiscal year through September 30, 2021:

easyJet’s financial position, optimized network, margin enhancing ancillaries and cost restructure is fast tracking its recovery, providing a strong base to accelerate growth and deliver strong shareholder returns.

–      Headline loss before tax of £1,136 million, ahead of consensus. £4.4bn of liquidity held providing renewed strength to capture opportunities.

–      Transformed business

o  Radical reallocation of our aircraft to higher contributing bases.

o  Step change in ancillary products delivering now and into the future – first in industry to implement dynamic pricing.

o  Cost base restructured – line by line cost savings delivered with further cost savings underway.

–      Summer ’22 – Current FY’22 H2 revenue booked is ahead of FY’19 level. Operational fleet plan increased by 25 aircraft as we capture growth opportunities.

Commenting on the results, Johan Lundgren, easyJet Chief Executive said:

“easyJet is moving through the pandemic with renewed strength having transformed the business by optimising our network and flexibility, delivering significant cost savings while also step-changing ancillary revenue. These initiatives alongside our strong, investment grade, balance sheet provide easyJet with renewed strength to manage any further Covid related travel disruptions, as well as a platform to fast track our growth and deliver strong shareholder returns. With this platform, we have the ambition to beat our targets set earlier this year.

“Having delivered FY’21 ahead of consensus, we have seen an encouraging start to this year with strong demand returning for peak winter holiday periods, coupled with increasing summer demand with Q422 capacity expected to be close to FY’19 levels. As the UK’s largest carrier, easyJet expects a significant benefit as the UK bounces back next summer. Our winning formula combined with the improvements made during the pandemic will accelerate our recovery.

“With ambitious plans for profitable growth we are expanding our leadership positions at key bases such as Gatwick and Milan with additional slots and aircraft this year and have 118 aircraft on order with a further 59 purchase options and rights confirmed to further build on this in the years to come.

“In summary, we remain mindful that many uncertainties remain as we navigate the winter, but we see a unique opportunity for easyJet to win customers and take market share from rivals in this period.”

Overview

It’s too soon to say what impact Omicron may have on European travel and any further short-term restrictions that may result. However, we have prepared ourselves for periods of uncertainty such as this. While we’ve seen an increase in transfers with some softening of trading for Q1 it is really encouraging to see that we are still seeing good levels of new bookings for H2 and we still expect that Q4 FY’22 will see a return to near pre pandemic levels of capacity as people take their long awaited summer holidays.

easyJet has optimized its network and reallocated aircraft to higher contributing bases alongside the launch of two additional seasonal bases. Our new ancillary products are delivering now, utilizing innovative industry leading dynamic revenue management to optimize returns. We have completed significant structural cost savings through seasonal contracts and improved productivity, while helping our customers navigate travel during the pandemic with our industry leading flexible policies.

Having successfully strengthened the balance sheet, we are fast tracking strategic investment and growth opportunities to deliver strong, sustainable shareholder returns. This is demonstrated by slot increases at Gatwick as well as additional slots which we have obtained in Linate, Lisbon and Porto alongside the expansion of all seasonal bases in summer 22. We will continue to focus on competing where it really matters, being relentlessly efficient and only investing where we can deliver strong, sustainable returns for our shareholders.

easyJet operated a disciplined flying program throughout the 2021 financial year whilst continuing to deliver cost savings across every area of the business. As a result of the continued impact of Covid-19, easyJet has reported a headline loss before tax of £1,136 million.

Demand is accelerating with key periods such as October half term, ski and Christmas seeing strong performance. We continue to add capacity and expect to fly c. 70% of 2019 capacity in Q2 and expect that Q4 summer capacity will be at near 2019 levels. Customers will look for value as the economy recovers and short haul leisure demand will lead the recovery. easyJet will use its inherent strengths combined with the improvements made during the pandemic to grow throughout the recovery, which is already underway, and beyond.

Delivering growth in FY’22:

·     Operational fleet plan increased by 25 aircraft

·     Slots added at Gatwick, Porto, Lisbon and Linate 

·     Additional aircraft added to all seasonal bases

Capacity:

·     Q1 Capacity expected to be c.65% of FY’19

·     Q1 Load Factor expected to be over 80%

·     Q2 Capacity is expected to be c.70% of FY’19 

·     Capacity expected to have recovered close to FY’19 levels by Q4 FY’22

 

Hedging

·     easyJet is currently c.55% hedged for fuel in the financial year ending on 30 September 2022 at c.US$498 per metric tonne with the spot price as at 29 November 2021 being US$658.

Financial Summary

·     Headline loss before tax of £1,136 million (2020: £835 million loss) ahead of consensus.

o  Total revenue decreased by 52% to £1,458 million (2020: £3,009 million) predominately due to H1 FY’20 having no impact from Covid-19.

o  Group headline costs decreased by 33% to £2,594 million (2020: £3,844 million), driven by a decrease in capacity flown and the material savings achieved across many areas of the business from easyJet’s continued cost focus. 

·     Reported loss before tax of £1,036 million (2020: £1,273 million).

o  Non-headline gain of £100 million (2020: £438 million cost). Non-headline items consist of restructuring provision release and gains from the sale and leaseback of aircraft, offset by hedge discontinuation. 

 

  

2021

2020

     Change

Favourable/(adverse)

Capacity1 (millions of seats)

28.2

55.1

(48.9)%

Load factor2 (%)

72.5

87.2

(14.7)ppts

Passengers3 (millions)

20.4

48.1

(57.5)%

Total revenue (£ million)

1,458

3,009

(51.6)%

Headline EBITDAR (£ million)

(551)

(273)

(101.8)%

Headline (loss)/profit before tax (£ million)

(1,136)

(835)

(36.0)%

Reported (loss)/profit before tax (£ million)

(1,036)

(1,273)

18.6%

Headline basic (loss)/earnings per share (pence)

               (166.9)

(149.7)

(11.5)%

Airline revenue per seat (£)

50.54

54.35

(7.0)%

Airline revenue per seat at Constant currency4 (£)

50.90

54.35

(6.4)%

Airline headline cost per seat (£)

90.41

69.03

(31.0)%

Airline headline cost per seat excluding fuel and balance sheet revaluations at constant currency4 (£)

78.62

55.94

(40.5)%

Headline return on capital employed (%)

(25.5)

(19.9)

(5.6)ppts

 

SAS reports a loss in its fiscal fourth quarter, lays out its ongoing strategy

Scandinavian Airlines-SAS issued this 4Q financial report:

AUGUST 2021–OCTOBER 2021

  • Revenue: MSEK 5,762 (3,035)
  • Income before tax (EBT): MSEK -945 (-3,252)
  • Income before tax and items affecting comparability: MSEK -911 (-3,024)
  • Net income for the period: MSEK -744 (-2,566)
  • Earnings per common share: SEK -0.12 (-4.44)

SIGNIFICANT EVENTS DURING THE QUARTER

  • During the quarter, the number of passengers increased and more tickets were sold
  • Operations were scaled up to meet demand while more destinations opened up
  • SAS signed an agreement for the pre-delivery payment financing of about USD 100 million, covering ten A320neo aircraft with deliveries into Q2 FY2023

SIGNIFICANT EVENTS AFTER THE QUARTER

  • SAS established a partnership with Vattenfall, Shell and LanzaTech to investigate large-scale production of synthetic sustainable aviation fuel

NOVEMBER 2020–OCTOBER 2021

  • Revenue: MSEK 13,958 (20,513)
  • Income before tax (EBT): MSEK -6,525 (-10,097)
  • Income before tax and items affecting comparability: MSEK -6,382 (-8,565)
  • Net income for the period: MSEK -6,523 (-9,232)
  • Earnings per common share: SEK -0.94 (-21.45)

COMMENTS BY THE CEO

It is encouraging to note the continued positive trend from the summer, with demand and ticket sales rising. However, 2021 was one of the most challenging years in the history of the aviation industry and the future remains hard to predict, primarily due to challenges connected to the ongoing pandemic.

IMPROVED QUARTERLY RESULTS STILL AFFECTED BY THE ONGOING PANDEMIC

Customer demand continued to increase through the year’s last quarter and as a result, our capacity increased 43% compared with the third quarter. Passengers flying with SAS increased 73% compared to the last quarter and the flown load factor reached approximately 60%, an increase of 7 percentage points compared with the earlier quarter. Still, uncertainties remain regarding the development of the COVID-19 pandemic and the transformation of SAS has to continue – to adapt to the new market. Earnings before tax ended at negative SEK 0.9 billion, which is an improvement of SEK 0.5 billion compared with last quarter, or a SEK 2.3 billion improvement year-on-year.

Total revenue increased 45% compared with the third quarter, an improvement of approximately SEK 2.7 billion compared with last year, but still 57% below the fourth quarter in 2019, which was unaffected by COVID-19.

ADAPTING SAS TO A NEW MARKET REALITY

Cost reductions across all of SAS remain in focus to optimize our competitive capability. Total operating expenses during the quarter ended at SEK 6.2 ­billion and total operating revenue landed at SEK 5.8 billion. Market dynamics have changed substantially during the pandemic and affect the entire airline industry. This requires SAS to take the next steps in the development of our operating model to ensure SAS is cost efficient and competitive. We are starting operation of SAS Connect out of Copenhagen in early 2022 and are evaluating possibilities to expand SAS Connect and to open bases in Stockholm and Oslo during the year.

We are also evaluating fleet options to handle thinner flows of passengers in our network – to ensure that we can offer competitive advantages, an attractive timetable for customers and lower the total environmental footprint.

We have now had a positive operating cash flow during two consecutive quarters. The work to preserve liquidity continues and at the end of the quarter, the cash position was at SEK 4.3 billion, which is similar to the cash position of SEK 4.4 billion at the end of Q3. During the quarter, SAS signed a predelivery payment financing of approximately USD 100 million that will cover financing of ten A320neo aircraft with deliveries into Q2 2023. The credit line that was established during Q3 with the major shareholders, is still fully undrawn, and provides a solid liquidity buffer during the pandemic recovery phase, should it be needed.

DEVELOPING OUR CUSTOMER OFFERING AND RE-OPENING ROUTES

When restrictions and demand allow, we will open more routes, and this winter we are flying more than 150 routes to 90 destinations. SAS has to remain agile to be able to quickly respond to changes in customer demand, which will be one of the success factors for airlines going forward. As a direct result of the US opening up for travelers, we have increased the number of flights to and from the US. SAS operates new, fuel-efficient A350 Airbus aircraft to the US, which have 30% lower fuel consumption compared to the aircraft they are replacing.

We also continue the development of our customer offering through the determined work with digitalization and personalization. For example, by expanding our SAS Go Light on our total network, where customers can choose competitively priced tickets and then add travel extras such as bags and seat selection.

SAS is a global leader in sustainable aviation. Reducing climate-impacting carbon emissions and striving to increase the supply and use of sustainable aviation fuels (SAF) are important components of that ambition. We are therefore proud to be part of a collaboration with Vattenfall, Shell and Lanzatech, to investigate the production of the world’s first synthetic sustainable aviation fuel. When full production is up and running, it could provide SAS with up to 25% of its requirement for sustainable aviation fuel in the 2030s.

LOOKING AHEAD

We remain cautious due to prevailing uncertainties, but see that underlying demand is healthy once restrictions are lifted, both for business and leisure travel. Short-term effect of recent developments needs yet to be fully analyzed, however we remain optimistic for the peak periods ahead of us. During the pandemic, we see that demand for travel has changed and SAS expects a greater number of leisure travelers and even more intense competition in the future.

I am grateful for all the hard work that all my colleagues at SAS are carrying out during our transformation, to ensure our performance remains at a high level and to always take care of our customers in the best possible way. Together with dedicated colleagues, a strong brand and operational excellence, we are working our way through these challenging times.

We welcome you on board our aircraft in one of Europe’s most modern fleets!

Anko van der Werff,

President and CEO

Stockholm, November 30, 2021

Air Lease Corporation announces the delivery of first of six new Airbus A321-200neo aircraft to China Airlines

Air Lease Corporation (ALC) has announced the delivery of one new Airbus A321-200neo aircraft on long-term lease to China Airlines.

Featuring Pratt & Whitney PW1133G-JM engines, this is the first of six new A321-200neos confirmed to deliver to the airline from ALC’s order book with Airbus.  This aircraft is the first A321neo to deliver to China Airlines.

LOT Polish to operate a weekly Katowice – Varadero charter flight for Rainbow Tours

LOT Polish Airlines Boeing 787-8 Dreamliner SP-LRH (msn 35943) (Proud to fly the Polish Olympic Team) JFK (Fred Freketic). Image: 955977.

On Saturday, November 27, 2021 a new long-haul charter route was launched at Katowice Wojciech Korfanty Airport. Direct flights to Varadero, Cuba, will be handled once a week for Rainbow Tours. The route is handled by a Boeing 787-8 Dreamliner operated by LOT Polish Airlines (252 seats).


Varadero is the fourth direct long-haul charter route which launched at Katowice Airport in 2021. At the turn of February and March 2021, LOT Polish Airlines began handling weekly flights to Cancun, Mexico, and Puerto Plata, the Dominican Republic, for Rainbow Tours.

TUI offers flights from Katowice Airport to Punta Cana in the Dominican Republic; they are also handled by LOT Polish Airlines’ Dreamliner. The route is handled every ten or eleven days.


During the biggest crisis in the history of aviation, which was caused by the coronavirus pandemic, the significance of charter flights has increased at Katowice Airport. During the pre-pandemic 2019, among 4.84 million passengers handled at Katowice Airport, approximately 2 million (41%) travelled on charter flights. After ten months of 2021, approximately 2 million passengers were noted in total traffic; charters constituted 60% of that result (approximately 1.2 million travelers).


Katowice Airport is the biggest regional cargo airport in Poland. In 2019, record breaking 4.84 million passengers flew via its network; 2 million of them travelled on charter flights. The forecast for 2020 assumed that 5.5 million travelers would be handled. Ultimately, due to the coronavirus pandemic, 1.44 million passengers travelled to/from Katowice Airport last year. The airport is the country leader in the area of charter traffic and the regional leader in the area of cargo traffic.

Top Copyright Photo: LOT Polish Airlines Boeing 787-8 Dreamliner SP-LRH (msn 35943) (Proud to fly the Polish Olympic Team) JFK (Fred Freketic). Image: 955977.

LOT Polish Airlines aircraft slide show:

LOT Polish Airlines aircraft photo gallery:

NAC delivers the first of 12 DHC-8-400 to the new Flybe Limited on lease

Nordic Aviation Capital (NAC) has announced it has delivered one DHC-8-400, MSN 4155, to Flybe Ltd on lease. MSN 4155 will be the first of twelve NAC aircraft to join Flybe’s fleet.

This announcement comes on the heels of the announcement last week that Birmingham Airport will be the location of Flybe Ltd’s new company headquarters and first new crew base.

Established in April 2021, Flybe Ltd is one of Britain’s newest airlines, and it intends to operate throughout the UK and EU with operations scheduled to begin from early 2022. Flybe’s launch is expected to play a crucial role in creating valuable jobs and connecting the communities across the UK and Europe.

The new Zambia Airways to launch on December 1 with the help of Ethiopian Airlines

Ethiopian Airlines, the largest aviation group in Africa, is pleased to announce that it has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC). Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent, the shareholders have contributed USD30 million in capital towards the establishment of the airline.

The new Zambia Airways (ZN) is to join African sky with its initial domestic flight from Lusaka to Ndola on December 1, 2021 and it will operate at a frequency of six and five times a week to Ndola and Livingstone, respectively. Other domestic routes to Mfuwe and Solwezi will follow before introducing regional destinations, to Johannesburg and Harare, to its network within the first quarter of 2022.

Note: This is the second version of Zambia Airways. The first operated from July 1, 1964 to December 31, 1967 followed by Zambian Airways from 1999 to 2009.

Cebu Pacific receives first Airbus A330neo

Cebu Pacific has taken delivery of its first A330neo as it begins its widebody fleet modernization program.

The aircraft is configured with 459 seats in single-class layout and will be operated by the airline on trunk routes within the Philippines and the rest of Asia, as well as on longer range services to Australia and the Middle East. The A330neo offers versatility for a wide range of routes from shorter regional services to medium and long haul operations.

Altogether Cebu Pacific has ordered 16 A330neo, and also has 16 A320neo and 22 A321neo outstanding to be delivered. The low-cost carrier currently operates 50 Airbus aircraft, comprising 43 A320 Family and 7 A330ceo.

The aircraft is powered by Rolls-Royce’s latest-generation Trent 7000 engines and features a new composite wing with increased span for enhanced aerodynamics.

In other news, SMBC Aviation Capital has announced the delivery of one Airbus A320neo aircraft (MSN 10663) equipped with two IAE Model PW1127G-JM engines to Cebu. The aircraft was delivered while located at the Airbus delivery centre in Toulouse, France.