Tag Archives: 777200

Nok Air and Scoot to operate a medium and long-haul low-fare airline

Nok Air (Nok Airlines Public Company Limited) (Bangkok-Don Mueang) and Scoot (subsidiary of Singapore Airlines) (Singapore) on December 13, 2013 signed a non-binding Memorandum of Understanding (MOU) to start a new low-fare airline named NokScoot Company Limited. The MOU is subject to final negotiations and approval process.

Nok will hold 51 percent of the shares and Scoot will control the other 49 percent. Nok means “bird” in the Thai language.

Nok Air logo

The objective of the proposed airline is to operate a low-cost airline with wide-body aircraft on medium and long-hail international routes.

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Nok Air’s colorful former Ryanair Boeing 737-8AS HS-DBD (msn 33821) arrives at the downtown Don Mueang Airport in Bangkok.

Nok Air (see all of the colorful “bird” liveries): AG Slide Show

Scott: AG Slide Show

Bottom Copyright Photo: Micheil Keegan/AirlinersGallery.com. Will the Scoot brand go away of this temporary agreement is finalized? Scoot’s Boeing 777-212 ER 9V-OTA (msn 28507) rotates at Sydney Mascot.

Current Nok Air routes operated with Boeing 737-800s:

Nok Air 12:2013 Route Map

Scoot logo

Current Scoot routes operated with Boeing 777-200s. Scoot will soon be adding Boeing 787-9s. Hong Kong was added on November 15, 2013, its 12th destination.

Scoot 12.2013 Route Map

Nok Air video:

American Airlines to re-bank its hubs to increase revenue

American Airlines‘ (Dallas/Fort Worth) new management led by new CEO Doug Parker is re-banking its hubs to increase revenue starting with the Miami hub in August according to the Dallas News.

Previously the old AA management had developed a “rolling hub” concept like other carriers did after the 9/11 attacks rather than a true “all at once” hub of the past. Parker is going back to the true hub concept which will increase revenue and allow for more quick connections. However during storm events, it can also stretch the hub facilities including runway capacities and available gates. Summer afternoon thunderstorms affect many of the hubs, especially Miami and winter snow and ice storms affect the northern hubs. When the weather is fine, the hub usually works well and it makes money. When things back up due to weather or a security-related event, the hub can unravel quickly leading to missed connections.

Like other carriers, American is now going back to a banked schedule for its hubs.

Read the full article: CLICK HERE

Copyright Photo: Brian Peters/AirlinersGallery.com. American’s newly-repainted Boeing 777-223 ER N791AN (msn 30254) in the Oneworld scheme arrives at Los Angeles.

So far in our reader’s poll the current new AA tail is winning by 58 percent of the votes. Have you voted in our informal poll on which AA color scheme should be adopted for the total fleet? If not vote here: CLICK HERE

American Airlines: AG Slide Show

 

euroAtlantic Airways celebrates 20 years of flying

euroAtlantic Airways (Lisbon) is celebrated its 20th Anniversary in 2013.

The airline was established as Air Zarco by Tomaz Metello and the largest Portuguese leisure corporation, Pestana Hotels and Resorts, on August 25, 1993. The charter airline adopted the name of Air Madeira in 1997 until May 17, 2000 when the current name of euroAtlantic Airways – Transportes Aéreos S.A. was adopted.

Copyright Photo: Pedro Baptista/Flyingphotos. Former Singapore Airlines Boeing 777-212 ER CS-TFM (msn 28513) departs from the Lisbon base with a large 20 Years 1993-2013 emblem.

euroAtlantic Airways: AG Slide Show

euroAtlantic logo

Video: Just Planes Video:

Company video:

FedEx misses second quarter Wall Street estimates but still reports net income of $500 million, up 14%

FedEx Corporation (FedEx Express) (Memphis) today reported earnings of $1.57 per diluted share for the second quarter ended November 30, compared to $1.39 per share last year. Last year’s second quarter results were impacted by $0.11 per diluted share due to the effects of Superstorm Sandy.

“FedEx posted solid second-quarter earnings, reflecting improved performance at FedEx Express, as the profit improvement plan introduced more than a year ago continues to gain momentum,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “The power of our broad global portfolio continues to drive our growth and I am confident we are well on our way to achieving the ambitious goals we have set.”

Second Quarter Results

FedEx Corp. reported the following consolidated results for the second quarter:

• Revenue of $11.4 billion, up 3% from $11.1 billion the previous year

• Operating income of $827 million, up 15% from $718 million last year

• Operating margin of 7.3%, up from 6.5% the previous year

• Net income of $500 million, up 14% from last year’s $438 million

Operating income and margin increased primarily due to yield and cost management at FedEx Express. Results also benefited from the favorable comparison to last year’s Sandy-impacted results, lower pension expense and a modest benefit from the voluntary employee severance program.

In October, FedEx Corporation announced the authorization of a new share repurchase program of up to 32 million shares of common stock, which augmented the 7.4 million shares then remaining under the previously authorized repurchase program. During the second quarter, the company repurchased 7.2 million shares of FedEx common stock, increasing the fiscal 2014 year-to-date purchase total to 10.0 million shares. The second quarter share repurchases had no effect on the quarter’s earnings per share, but are expected to improve full year earnings by $0.04 per share.

Outlook

FedEx is increasing its forecast of full-year earnings per share growth to 8% to 14% above last year’s adjusted results, compared to its previous growth range of 7% to 13%. This outlook reflects share repurchases made to date but does not include any benefit from additional share repurchases. Share repurchases are expected to continue, but the timing will be at the company’s discretion. The outlook also assumes the market outlook for fuel prices and continued moderate economic growth. The capital spending forecast for fiscal 2014 remains $4 billion.

“We remain on track to deliver a solid increase in earnings this fiscal year,” said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. “FedEx Express reported significant year-over-year improvement in earnings during the quarter, aided by continued execution of our profit improvement programs and by ongoing cost reduction initiatives. We continue to look for additional ways to improve efficiencies and remain committed to increasing long-term shareowner value.”

FedEx Express Segment

For the second quarter, the FedEx Express segment reported:

• Revenue of $6.84 billion, down slightly from last year’s $6.86 billion

• Operating income of $326 million, up 42% from $230 million a year ago

• Operating margin of 4.8%, up from 3.4% the previous year

Revenue decreased slightly due to lower express freight revenue and lower fuel surcharges, mostly offset by increased base package yields. U.S. domestic revenue per package increased 2%, as higher rates and weight per package were partially offset by lower fuel surcharges. U.S. domestic average daily package volume decreased slightly.

FedEx International Priority® (IP) revenue per package increased 3% while average daily volume declined 5%. Within the IP category, average daily volume for the lower-yielding distribution services declined while IP average daily volume, excluding these distribution services, increased 1%. FedEx International Economy® average daily volume grew 10%.

Operating income and margin improved year over year due to higher base package yields, lower pension expense, and lower net expenses from ongoing cost reduction activities.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. A beautiful takeoff portrait of FedEx Express’ Boeing 777-FS2 N852FD (msn 37723) after a stop at Anchorage, Alaska (click on the photo for the full-size view).

FedEx Express: AG Slide Show

Video: How FedEx turns a Boeing 757 freighter in 55 minutes:

Video: FedEx has great TV advertisements that have won several marketing awards. Here is the latest for Christmas 2013:

 

Air India finalizes the deal to sell five Boeing 777-200 LRs to Etihad Airways

Air India (Mumbai) has finalized the details in order to sell five Boeing 777-200 LR (Longer Range) aircraft to Etihad Airways (Abu Dhabi). As previously prorated, the two airlines signed a Letter of Intent (LOI) in October. The aircraft will be delivered by March 2014 according to this report by The Economic Times.

The 777-200 LR is a new type for Etihad Airways.

Read the full story from The Economic Times: CLICK HERE

Copyright Photo: Nick Dean/AirlinersGallery.com. Boeing 777-237 LR VT-ALH (msn 36307) is relatively new as it was delivered to Air India on August 28, 2009.

Air India: AG Slide Show

Etihad Airways: AG Slide Show

American Airlines and American Eagle cancel nearly 500 flights today at DFW

American Airlines (Dallas/Fort Worth) issued this short statement concerning its largest hub at Dallas-Fort Worth International Airport (DFW) due to a winter ice storm:

Because of the anticipated winter weather American Airlines and American Eagle have proactively canceled nearly 500 flights in and out of the DFW Airport through 11 a.m. central time Friday, December 6.

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. American Airlines’ Boeing 777-223 ER N790AN (msn 30251) arrives at Los Angeles International Airport.

American Airlines: AG Slide Show

American Eagle: AG Slide Show

Bottom Copyright Photo: Brian McDonough/AirlinersGallery.com. American Eagle Airlines’ (2nd) Embraer ERJ 145LR (EMB-145LR) N928AE (msn 14500911)  lands at Baltimore/Washington.

Alitalia is likely to cut up to 2,600 jobs to reduce costs

Alitalia (2nd) (Rome) is likely to eliminate between 2,500 and 2,600 positions, including 1,300 are fixed-term contracts and possibly 220 pilots, 400 cabin staff and 600-700 ground workers according to this report by Reuters citing union sources familiar with the latest cost-cutting plan.

Read the full report: CLICK HERE

Copyright Photo: Ken Petersen/AirlinersGallery.com. Boeing 777-243 ER EI-DBM (msn 32782) approaches New York (JFK) for landing.

Alitalia: AG Slide Show