Tag Archives: Airbus A319-132

COVID-19 is having a negative impact at SAS

All 4 parked in March 2020, future uncertain

Scandinavian Airlines-SAS has reported on its financial performance in the latest quarter:

SIGNIFICANT NEGATIVE RESULTS DUE TO COVID-19

FEBRUARY 2020–APRIL 2020

  • Revenue: MSEK 5,264 (9,871)
  • Income before tax (EBT): MSEK -3,722 (-1,216)
  • Income before tax and items affecting comparability:MSEK -3,714 (-1,211)
  • Net income for the period: MSEK -3,470 (-933)
  • Earnings per common share: SEK -9.15 (-2.44)

SIGNIFICANT EVENTS DURING THE QUARTER

  • SAS temporarily halts most of its traffic due to effects of COVID-19
  • SAS initiates processes to reduce future workforce by up to 5,000 full-time positions
  • Ongoing and constructive discussions with largest owners on a recapitalization plan to secure adequate levels of funding and equity for the future

SIGNIFICANT EVENTS AFTER QUARTER END

  • SAS signs a SEK 3.3bn revolving credit facility agreement
  • Magnus Örnberg appointed new CFO of SAS

NOVEMBER 2019–APRIL 2020

  • Revenue: MSEK 14,971 (19,276)
  • Income before tax (EBT): MSEK -4,809 (-1,792)
  • Income before tax and items affecting comparability: MSEK -4,792 (-1,935)
  • Net income for the period: MSEK -4,331 (-1,402)
  • Earnings per common share: SEK -11.49 (-3.69)

SIGNIFICANT NEGATIVE FINANCIAL RESULTS DUE TO COVID-19

The COVID-19 pandemic has created a global crisis for the aviation industry, including SAS. What started with travel restrictions to mainland China quickly led to global travel restrictions, quarantines and strict advice against unnecessary travel. Effectively, these measures eliminated the core foundation for our business model, and almost our entire fleet was grounded from mid-March. At the end of the quarter, SAS primarily operated limited domestic networks in Norway and Sweden, supplemented with a few international repatriation flights. For the first time in the history of our company, SAS offered no scheduled international flights to/from Scandinavia.

FINANCIAL SUMMARY

We started our fiscal year with high demand for our services and with a robust operational performance in terms of regularity and punctuality. We reported strong passenger numbers, increased revenue and improved market shares. However, as the second quarter progressed, the full effects of the COVID-19 pandemic became evident. In April, our capacity was down 94% and the number of passengers fell 96% compared to last year. As a direct consequence, our quarterly revenue fell nearly 50% to MSEK 5,264.

The decline in demand immediately triggered SAS to implement a broad range of measures to radically reduce costs. In total, these reductions of fixed and variable cost amounted to SEK 2.4 billion compared to the same quarter last year. As of today, approximately 90% of our workforce is on temporary layoff schemes and we have announced a permanent reduction of 5,000 positions to adapt to predicted market conditions. Moreover, we have enforced a significant reduction of our network, reduced our sales & marketing spend, renegotiated supplier agreements, and postponed IT projects and investments. We also reduced capital expenditures by deferring aircraft deliveries and reaching agreements on payment holidays with most of our lessors.

SAS, like many other airlines has a very high level of fixed costs, whereby the cost reductions have not fully offset the sharp revenue decline, as a result of which we ended the quarter with a pre-tax loss of SEK 3.7 billion. Another focus area has been to preserve cash to the extent possible, and our cash position ended at SEK 4.2 billion, down SEK 2.4 billion in the quarter.

Shortly after the quarter ended, we were able to secure a three-year SEK 3.3 billion revolving credit facility, 90% guaranteed by the Danish and Swedish states. The facility strengthens our financial situation in a difficult period, with an expected negative operating cash burn in the range of MSEK 500–700 per month until end of fiscal year 2020.

COMMUNITY SUPPORT AND SAFE TRAVEL

Despite closed borders, SAS continues to play a vital role in supporting overall society. Early on during the outbreak, SAS operated special flights to repatriate Scandinavian citizens from countries such as Peru, Brazil and Pakistan. We have ensured air bridges for essential medical supplies in close collaboration with the three Scandinavian governments and the Knut and Alice Wallenberg foundation.

Furthermore, our committed employees have engaged in relieving the very strained healthcare sector, assisting in carrying out public COVID-19 tests and volunteering as substitute teachers in elementary schools.

The safety and well-being of travelers and employees is always our highest priority. Therefore, SAS has reviewed the entire customer journey, and imposed some changes to ensure the safest travel experience possible. As a starting point, we urge all travelers to follow the general recommendations set by the health authorities in the respective countries.

Our boarding procedures have been adapted to facilitate social distancing and we have temporarily closed all SAS Lounges. Onboard, our aircraft are equipped with effective HEPA filters that significantly reduce the risk of airborne contamination, our service concept has been re-designed to reduce physical contact and all aircraft are cleaned and disinfected on a more frequent basis. Moreover, passengers will be seated with as much personal space possible, non-essential loose items onboard have been removed and hand luggage allowance is limited. Passengers are required to bring and use protective face masks during travel.

TRANSFORMATION TO ADAPT TO A NEW REALITY

Countries will gradually re-open, but the pace and prerequisites will not be the same in all geographies and regions. Furthermore, the pandemic has led to an economic downturn, resulted in behavioral changes in favor of more digital meetings and caused a general health concern among many customers. Therefore, we expect a longer recovery period than experienced in previous downturns. We expect that the recovery will start with increased domestic demand followed by European and then Intercontinental destinations. But, it will most likely take until 2022 before we see demand in line with what we experienced before the COVID-19 outbreak.

With the ongoing crisis, SAS will once again need to demonstrate its ability to transform to meet a new and very challenging reality. As a response to an environment characterized by lower passenger numbers and revenue generation, SAS is pursuing a revised business plan generating SEK 4 billion in further improvements by 2022.

The savings will come from a broad range of measures. A reduction of the workforce by up to 5,000 positions, combined with a zero-based resizing of our administration. Productivity improvements in the range of 15-25% are required in all collective bargaining agreements to cater for changing market conditions and seasonality aspects. Continuation of strict cost control procedures, imposed during the crisis, including renegotiated contracts with suppliers, reduced spend on marketing, product, IT development and other projects. Additionally, we plan to adapt the fleet size, through postponements and adjusted future deliveries of aircraft from Airbus and lessors until demand returns.

Our commitment to a more sustainable future remains firm, and the plan includes additional initiatives to maintain and accelerate our efforts. To achieve this, SAS will continue to upgrade its fleet, rightsize aircraft usage to demand and increase usage of sustainable aviation fuels to significantly reduce our emissions.

Given the impact of COVID-19 and the time it will take to recover to a more normalized situation, SAS will need to secure further funding in order to continue as the most important airline infrastructure provider in Scandinavia. This will require support from the Scandinavian governments. As a first step the Danish and Swedish governments have provided 90% guarantees for the SEK 3.3 billion revolving credit facility. SAS also continues its efforts to secure support from the Norwegian government.

SAS is currently in active, intensive and constructive discussions with the company’s major shareholders and selected stakeholders on a recapitalization plan to ensure the future of SAS. This includes realization of its key business priorities of necessary increased productivity and a continuation of the green transition.

Any potential solution will require both government and market participation, as well as burden sharing measures involving internal, external and financial stakeholders in the company. Different options are currently being considered, and we aim to present a plan to the market in June 2020.

Once a plan is in place, I am confident that we can overcome the current challenges and start to rebuild our business based on the strengths of SAS, including committed and dedicated employees, a strong brand and a valued customer offering.

We’re experiencing an unprecedented situation at the moment, that creates significant challenges for SAS. I would like to express my sincere appreciation to all SAS employees for their dedicated efforts and support during the crisis. SAS is determined to re-start operations as soon as possible. On behalf of all of our employees, I’m truly looking forward to once again welcoming you on board a SAS flight in the near future.

Rickard Gustafson,

President and CEO

In May SAS landed an A340 at Copenhagen Airport (CPH) with a different kind of passengers in the cabin – not as interactive as our regular ones but nevertheless important to handle with safety and care.

This was our first cargo only flight with cabin-load, chartered by Blue Water Shipping, carrying 14 tons of face masks to protect the hardworking medical staff in Region Syddanmark. By placing cargo in the cabin, in addition to the traditional cargo hold below, we added space and were able to fly home as much protective equipment as possible in these critical times. The boxes are loaded manually in the cabin with great care and secured according to all safety measures stipulated by Airbus and International Air Transport Association (IATA).

In addition to the 7 pilots needed to operate this flight, cargo-only flights also require three cabin crew to make sure the cabin is safe during the entire flight.

Top Copyright Photo: SAS is also expected to simplify its fleet. Besides the planned upcoming retirements of the Boeing 737-700 and 737-800 fleets (still in 2024?), SAS has also parked its four Airbus A319s including OY-KBO in the retro livery. Scandinavian Airlines System-SAS (Scandinavian Airlines) Airbus A319-132 OY-KBO (msn 2850) (1952 retrojet) ZRH (Rolf Wallner). Image: 936041.

SAS aircraft slide show:

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Spirit Airlines reports second quarter 2019 results

No Longer with "Home of the Bare Fare" on engines

Spirit Airlines, Inc. has reported its second quarter 2019 financial results.

Second Quarter 2019 Second Quarter 2018
As Reported Adjusted As Reported Adjusted
(GAAP) (non-GAAP)1 (GAAP) (non-GAAP)1
Revenue $1,013.0 million $1,013.0 million $851.8 million $851.8 million
Operating Income (loss) $163.9 million $165.5 million $108.5 million $113.3 million
Operating Margin  16.2%  16.3%  12.7%  13.3%
Net Income (loss) $114.5 million $115.7 million $11.3 million $75.7 million
Diluted EPS $1.67 $1.69 $0.16 $1.11

“Our team once again delivered strong quarterly profits.  In the second quarter 2019, we improved our operating margin by 300 basis points and delivered very strong earnings growth.” said Ted Christie, Spirit’s President and Chief Executive Officer.  “Operationally, we experienced numerous storm systems across our network which negatively impacted our operational reliability.  However, on a relative basis, year-to-date through June 30, 2019 we still rank among the best in the industry for on-time performance2.  I want to thank the entire Spirit team for all that they do every day to care for our Guests, especially during this busy travel season under challenging operational conditions.”

Revenue Performance
For the second quarter 2019, Spirit’s total operating revenue was $1,013.0 million, an increase of 18.9 percent compared to the second quarter 2018, driven by an 18.4 percent increase in flight volume and increases in both yields and load factor.

Total operating revenue per available seat mile (“TRASM”) for the second quarter 2019 increased 5.0 percent compared to the same period last year.  During the second quarter 2019, the Company’s results benefited from its strategic network changes, revenue management initiatives, and a strong underlying demand environment.  In addition, the Company estimates the calendar shift of Easter from the first quarter in 2018 to the second quarter in 2019 contributed approximately 200 basis points to the TRASM improvement.

Non-ticket revenue per passenger flight segment for the second quarter 2019 increased 1.8 percent to $55.543.   Fare revenue per passenger flight segment decreased 1.0 percent to $57.60 and total revenue per passenger segment increased 0.3 percent year over year to $113.14.

Cost Performance
For the second quarter 2019, total GAAP operating expenses increased 14.2 percent year over year to $849.0 million.  Adjusted operating expenses for the second quarter 2019 increased 14.8 percent year over year to $847.5 million4.  These changes were primarily driven by higher flight volume, higher passenger re-accommodation expense, higher salaries, wages and benefits, and airport rent and landing fees.

Aircraft fuel expense increased in the second quarter 2019 by 7.6 percent year over year, due to a 15.4 percent increase in fuel gallons consumed.

Spirit reported second quarter 2019 cost per available seat mile (“ASM”), excluding operating special items and fuel (“Adjusted CASM ex-fuel”), of 5.41 cents4, up 4.6 percent compared to the same period last year.  As previously disclosed, a severe storm system impacted a large majority of Spirit’s flights to and from Florida during the Easter holiday weekend.  As a result, the Company canceled numerous flights and incurred costs of about $6 million for passenger re-accommodation and disrupted crew expense.  The additional expense and loss of ASMs related to this storm contributed approximately 150 basis points to adjusted CASM ex-fuel year over year percent change for the second quarter 2019.  In addition to the Easter storm, the Company experienced multiple storm-related flight disruptions throughout the rest of the quarter which drove additional passenger re-accommodation expense.  Higher ground handling rates, amortization expense, and other items contributed to the adjusted CASM ex-fuel change year over year.

Liquidity
Spirit ended the second quarter 2019 with unrestricted cash, cash equivalents, and short-term investments of $1.2 billion.  For the six months ended June 30, 2019, Spirit generated $341.0 million of operating cash flow, after investing $238.5 million, primarily for aircraft purchases and pre-delivery deposits.  Adjusted for proceeds from issuance of long-term debt, operating cash flow for the quarter ended June 30, 2019 was $205.2 million5.  For the six months ended June 30, 2019, net cash provided by financing activities was $3.5 million.

Fleet
Spirit took delivery of two new aircraft (one A320ceo and one A320neo) during the second quarter 2019, ending the quarter with 135 aircraft in its fleet.

End Notes
(1) See “Reconciliation of Adjusted Net Income, Adjusted Pre-tax Income, and Adjusted Operating    Income to GAAP Net Income” table below for more details.
(2) Preliminary data using DOT A:14 methodology.
(3) See “Calculation of Total Non-Ticket Revenue per Passenger Segment” table below for more details.
(4) See “Reconciliation of Adjusted Operating Expense to GAAP Operating Expense” table below for   more details.
(5) See “Reconciliation of Adjusted Free Cash Flow to GAAP Net Operating Cash Flow” table below for more details.

See more

Top Copyright Photo: Spirit Airlines Airbus A319-132 N512NK (msn 2673) LAX (Michael B. Ing). Image: 944944.

Spirit aircraft slide show:

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Spirit Airlines launches two new California cities with service to Las Vegas, adds routes from Charlotte

Spirit Airlines Airbus A319-132 N516NK (msn 2704) LAX (Michael B. Ing). Image: 945347.

Spirit Airlines, the fastest growing airline in Las Vegas, continues its investment in the Entertainment Capital of the World with the addition of two new cities to the Spirit network: Burbank and Sacramento.

On June 20, Spirit launched nonstop flights between McCarran International Airport (LAS) in Las Vegas and Hollywood Burbank Airport (BUR) and Sacramento International Airport (SMF), each running three times daily.  Spirit will now have 55 daily departures from Las Vegas to 29 different destinations.

Routes from LAS (nonstop in black):

In partnership with McCarran International Airport, Spirit Airlines also debuted the airport’s first automated self-service bag drop system.  Located in the ticketing concourse of Terminal 1, it allows Guests to expedite their check-in experience by paying for and tagging their own bags on the airport’s kiosks. Travelers then proceed directly to newly installed automated bag belts to present their identification and drop their bags.  Automated self-service bag drop systems, widely adopted in Europe, highlight the airport and airline’s shared vision of allowing more Guests to customize and control their travel experience.

In addition to Sacramento and Burbank, Spirit will soon be adding Nashville to its network, which will include nonstop service to and from Las Vegas.  As of July 2019, Spirit will have grown nearly 50 percent in Las Vegas compared to its capacity only two years earlier.  The airline now employs more than 1,000 people in Las Vegas, and Spirit’s rapid expansion has created nearly 300 additional jobs in the last two years.

In other news, Spirit Airlines is kicking off service to Charlotte, North Carolina. Beginning on June 20, Spirit now offers nonstop daily flights from Charlotte Douglas International Airport (CLT) to Baltimore/Washington, Fort Lauderdale/Hollywood, Orlando and Newark.

Charlotte marks Spirit’s fourth destination in the Tar Heel State, joining the Piedmont Triad, Asheville, and Raleigh-Durham. These North Carolina additions to Spirit’s network have resulted in hundreds of new jobs in the state, while adding additional options to stimulate North Carolina tourism. By summer 2019, Spirit will have more than fifteen daily departures across the state.

Charlotte (CLT) to/from: Starts: Frequency:
Baltimore, MD/Washington, DC (BWI) June 20, 2019 Daily
Fort Lauderdale, FL (FLL) June 20, 2019 Daily
Orlando, FL (MCO) June 20, 2019 Daily
Newark, NJ (EWR) June 20, 2019 Daily

Top Copyright Photo (all others by the airline): Spirit Airlines Airbus A319-132 N516NK (msn 2704) LAX (Michael B. Ing). Image: 945347.

Spirit Airlines aircraft slide show:

American to add Honduras service from DFW

American Airlines Airbus A319-132 N801AW (msn 889) ONT (Michael B. Ing). Image: 946606.

American Airlines is adding two new international routes to Honduras from its Dallas/Fort Worth hub.

According to Airline Route, the carrier will add service to Tegucigalpa on June 6 and San Pedro Sula on June 7 with Airbus A319s.

Top Copyright Photo: American Airlines Airbus A319-132 N801AW (msn 889) ONT (Michael B. Ing). Image: 946606.

American Airlines aircraft slide show:

Eurowings launches Berlin Tegel – Munich service

Eurowings Airbus A319-132 D-AGWU (msn 5457) ZRH (Andi Hiltl). Image: 946263.

Eurowings made this announcement:

On May 1, flight EW8170 from Berlin/Tegel landed for the first time at Franz-Josef-Strauß-Flughafen in Munich.

From May 17, a fifth connection will be added to the Friday timetable.

On board of the first Eurowings flight with an Airbus A319 were about 80 passengers. The first flight from Munich to Berlin, which also took off at 09:15 on May 31, had 130 passengers on board. The flight time for the point-to-point connection is one hour and ten minutes.

The new Eurowings connection complements Lufthansa’s services on this route. In spring 2019, the two airlines of the Lufthansa Group will offer more than 300 weekly flights between the Spree and Isar rivers.

An overview of the connections: 

EW8170 Berlin/Tegel 07:00 – 08:10 Munich (daily)

EW8172 Berlin/Tegel 11:30 – 12:40 Munich (MO-FR)

EW8174 Berlin/Tegel 14:30 – 15:40 Munich (daily)

EW8176 Berlin/Tegel 18:45 – 19:55 Munich (daily)

EW8178 Berlin/Tegel 10:35 – 11:45 Munich (only FR, from May 17)

EW8171 Munich 09:15 – 10:35 Berlin/Tegel (daily)

EW8173 Munich 13:30 – 14:40 Berlin/Tegel (MO-FR)

EW8175 Munich 16:45 – 17:55 Berlin/Tegel (daily)

EW8177 Munich 20:45 – 21:55 Berlin/Tegel (daily)

EW8179 Munich 12:40 – 13:40 Berlin/Tegel (only FR, from May 17)

Top Copyright Photo: Eurowings Airbus A319-132 D-AGWU (msn 5457) ZRH (Andi Hiltl). Image: 946263.

Eurowings aircraft slide show:

Emirates announces a codeshare partnership with LATAM Airlines Brazil on 17 Brazilian routes

LATAM Airlines (Brazil) Airbus A319-132 PR-MAO (msn 1837) SDU (Marcelo F. De Biasi). Image: 936553.

Emirates has announced a new codeshare partnership agreement with LATAM Airlines Brazil covering domestic services in Brazil, providing greater choice and connectivity to its customers.

Emirates passengers travelling to and from Brazil will now be able to connect with 17 cities in LATAM’s domestic network covered by the codeshare agreement including Belo Horizonte, Brasília and Foz do Iguaçu (more details below). Passengers travelling to/from these cities will now be able to connect seamlessly in São Paulo and Rio de Janeiro with Emirates’ flights to its Dubai hub, which serves over 150 destinations worldwide.

The agreement will offer Emirates passengers more choice to travel to/from Brazil with minimum connection times to destinations in Emirates’ global network such as Japan, Australia and India amongst others.

Emirates currently serves two Brazil gateways with daily services to Dubai from Sao Paulo, operated by the A380, and Rio de Janeiro, operated by the newly-refurbished Boeing 777-200LR as of June 1, 2019. Passengers can also fly to Buenos Aires and Santiago de Chile (from June 1, 2019) onboard the Boeing 777-200LR from Rio de Janeiro.

Codeshare routes are as follows:

From/to Sao Paulo (GRU):

1.     Belem (BEL)

2.     Belo Horizonte (CNF)

3.     Brasilia (BSB)

4.     Campo Grande (CGR)

5.     Curitiba (CWB)

6.     Florianópolis (FLN)

7.     Fortaleza (FOR)

8.     Goiânia (GYN)

9.     Foz do Iguaçu Falls (IGU)

10.  Londrina (LDB)

11.  Manaus (MAO)

12.  Porto Alegre (POA)

13.  Recife (REC)

14.  Salvador (SSA)

15.  São Luiz (SLZ)

16.  Vitória (VIX)

 

From/to Rio de Janeiro (GIG):

1.     Belém (BEL)

2.     Brasília (BSB)

3.     Curitiba (CWB)

4.     Fortaleza (FOR)

5.     Goiânia (GYN)

6.     Iguassu Falls (IGU)

7.     Manaus (MAO)

8.     Natal (NAT)

9.     Vitoria (VIX)

Top Copyright Photo (all others by Emirates): LATAM Airlines (Brazil) Airbus A319-132 PR-MAO (msn 1837) SDU (Marcelo F. De Biasi). Image: 936553.
LATAM (Brazil) aircraft slide show:

Spirit Airlines is coming to Charlotte

Spirit Airlines Airbus A319-132 N516NK (msn 2704) LAX (Michael B. Ing). Image: 945346.

Spirit Airlines has announced it will soon serve its fourth destination in the Tar Heel State, Charlotte!

Beginning June 20, 2019, Spirit will begin nonstop daily service from Charlotte Douglas International Airport (CLT) to Baltimore/Washington, Fort Lauderdale/Hollywood, Orlando and Newark.

The carrier currently serves Asheville and Greensboro and will begin serving Raleigh-Durham on May 2.

Charlotte (CLT) to/from: Starts: Frequency:
Baltimore, MD/Washington, DC (BWI) June 20, 2019 Daily
Fort Lauderdale, FL (FLL) June 20, 2019 Daily
Orlando, FL (MCO) June 20, 2019 Daily
Newark, NJ (EWR) June 20, 2019 Daily

In addition to Charlotte, Spirit recently announced it would begin serving Raleigh-Durham, Indianapolis, and Austin as well as expanding service in Jamaica and Puerto Rico.

Top Copyright Photo (all other images by the airline) (Spirit has revised its livery again with revised titles: Spirit Airlines Airbus A319-132 N516NK (msn 2704) LAX (Michael B. Ing). Image: 945346.

Spirit Airlines aircraft slide show:

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Spirit Airlines adds new routes from Raleigh/Durham

Spirit Airlines Airbus A319-132 N512NK (msn 2673) LAX (Michael B. Ing). Image: 945308.

Spirit Airlines has announced new service to and from Raleigh/Durham.

Beginning May 2, 2019, Spirit will launch nonstop daily service from Raleigh-Durham International Airport (RDU) to Baltimore/Washington, Boston, Chicago, Detroit, Fort Lauderdale/Hollywood, New Orleans, and Orlando.

Raleigh-Durham, NC (RDU) to/from: Starts: Frequency:
Baltimore, MD/Washington, DC (BWI) May 2, 2019 2x daily, year-round
Boston, MA (BOS) May 2, 2019 Daily, year-round
Chicago, IL (ORD) May 2, 2019 Daily, year-round
Detroit, MI (DTW) May 2, 2019 Daily, year-round
Orlando, FL (MCO) May 2, 2019 Daily, year-round
Fort Lauderdale, FL (FLL) May 2, 2019 Daily, year-round
New Orleans, LA (MSY) May 2, 2019 Daily, year-round

Along with the new service to and from Raleigh-Durham, Spirit is also announcing two additional routes set to roll-out at the same time.  Starting May 2, Spirit will begin daily nonstop seasonal service between Atlanta and Denver.  Then on May 23, the airline will launch daily nonstop service between Philadelphia and San Juan, Puerto Rico.  These additional routes will only strengthen Spirit’s domestic and Caribbean service.

Route: Starts: Frequency:
Atlanta, GA (ATL) – Denver, CO (DEN) May 2, 2019 Daily, seasonal
(Runs 5/2/19 – 9/4/19)
Philadelphia, PA (PHL) – San Juan, PR (SJU) May 23, 2019 Daily, year-round

It also comes after Spirit announced it would begin serving Austin, Texas and Indianapolis, Indiana in early 2019, and is adding more nonstop flights from Jacksonville, Florida; Myrtle Beach, South Carolina; New Orleans, Louisiana; and San Juan, Puerto Rico.  The airline is also in the process of installing state-of-the-art high-speed satellite-based Wi-Fi to its entire fleet.

Top Copyright Photo (all others by the airline): Spirit is removing “Home of the Bare Fare” from its 2014 yellow livery. Spirit Airlines Airbus A319-132 N512NK (msn 2673) LAX (Michael B. Ing). Image: 945308.

Spirit Airlines aircraft slide show:

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Cobalt goes into liquidation

Cobalt Air (cobalt-aero) Airbus A319-132 5B-DCV (msn 2032) ZRH (Andi Hiltl). Image: 937702.

Cobalt Aero (Cobalt Air) has decided to call it quits and will not reorganize. The short-term airline has gone into liquidation.

Previously the airline suspended operations on October 17, 2018.

The airline operated its first revenue flight on June 1, 2016 from Larnaca to Athens.

The company issued this short statement:

Cobaltair Ltd entered into voluntary liquidation on December 19, 2018.

Stephen Michaelides of Grant Thornton Specialist Services Limited was appointed Liquidator.

Top Copyright Photo: Cobalt Air (cobalt-aero) Airbus A319-132 5B-DCV (msn 2032) ZRH (Andi Hiltl). Image: 937702.

Cobalt aircraft slide show:

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Spirit Airlines to bring more seasonal routes to Florida this winter

Spirit Airlines Airbus A319-132 N504NK (msn 2473) LAX (Ron Monroe). Image: 943771.

Spirit Airlines is increasing its winter service with 20 seasonal routes to Florida. As the go-to airline for Florida vacations, Spirit’s seasonal routes will boost its Sunshine State service from an average of 116 to 178 daily roundtrip flights this winter. This includes the addition of Jacksonville, Florida., Spirit’s sixth destination in Florida, beginning with service to Detroit, Michigan, and Chicago, Illinois., on December 20, 2018.

The seasonal routes beginning on November 8 include:

Ft. Lauderdale/Hollywood to/from Duration: Frequency:
Kansas City, Mo. (MCI) Nov. 8, 2018 – May 2, 2019 4x weekly
Minneapolis-St. Paul, Minn. (MSP) Nov. 8, 2018 – May 2, 2019 Daily
     
Ft. Myers to/from Duration: Frequency:
Akron-Canton, Ohio (CAK) Nov. 8, 2018 – May 2, 2019 4x weekly
Baltimore, Md. (BWI) Nov. 8, 2018 – May 2, 2019 Daily
Boston, Mass. (BOS) Nov. 8, 2018 – May 2, 2019 2x daily
Cleveland, Ohio (CLE) Nov. 8, 2018 – May 2, 2019 Daily
Hartford, Conn. (BDL) Nov. 8, 2018 – May 2, 2019 Daily
Latrobe, Pa. (LBE) Nov. 8, 2018 – May 2, 2019 4x weekly
Minneapolis-St. Paul, Minn. (MSP) Nov. 8, 2018 – May 2, 2019 Daily
Pittsburgh, Pa. (PIT) Nov. 8, 2018 – May 2, 2019 Daily
     
Tampa to/from Duration: Frequency:
Akron-Canton, Ohio (CAK) Nov. 8, 2018 – May 2, 2019 4x weekly
Boston, Mass. (BOS) Nov. 8, 2018 – May 2, 2019 Daily
Cleveland, Ohio (CLE) Nov. 8, 2018 – May 2, 2019 Daily
Hartford, Conn. (BDL) Nov. 8, 2018 – May 2, 2019 Daily
Latrobe, Pa. (LBE) Nov. 8, 2018 – May 2, 2019 4x weekly
Minneapolis-St. Paul, Minn. (MSP) Nov. 8, 2018 – May 2, 2019 Daily
Pittsburgh, Pa. (PIT) Nov. 8, 2018 – May 2, 2019 Daily
     
West Palm Beach to/from Duration: Frequency:
Atlantic City, N.J. (ACY) Nov. 8, 2018 – May 2, 2019 Daily
Boston, Mass. (BOS) Nov. 8, 2018 – May 2, 2019 Daily
Detroit, Mich. (DTW) Dec. 21, 2018 – May 2, 2019 4x weekly

Top Copyright Photo: Spirit Airlines Airbus A319-132 N504NK (msn 2473) LAX (Ron Monroe). Image: 943771.

Spirit Airlines aircraft slide show:

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