28 January, 2023
Airbus steps up its quest for new talent to prepare the future of aerospace
JetBlue Announces Fourth Quarter 2022 Results
“Thanks to the outstanding efforts of JetBlue’s crewmembers, we closed the year with strong fourth quarter performance, driving the highest full-year revenue result in our history, and solid cost execution as we hit our full-year cost target. We believe we’re well positioned to further build on that success in 2023, with a disciplined plan to continue strengthening our foundations – both operationally and financially,” said Robin Hayes, JetBlue’s Chief Executive Officer.
“We expect to gain further momentum in the business in 2023 with solid revenue performance throughout the year as we execute on our commercial initiatives and maintain a strong focus on cost control. Together, we expect these efforts to deliver margins approaching pre-pandemic levels as we move through the year, as we continue on a path to drive sustainable long-term earnings expansion and create long-term value for all stakeholders."
Fourth Quarter 2022 Financial Results
- Net income for the fourth quarter of 2022 under Generally Accepted Accounting Principles (GAAP) of $24 million or $0.07 per share. Excluding one-time items, adjusted net income for the fourth quarter of 2022 of $72 million(1) or $0.22 per share.
- Fourth quarter of 2022 capacity increased by 2.4% compared to the fourth quarter of 2019.
- Operating revenue of $2.4 billion for the fourth quarter of 2022, the highest fourth quarter operating revenue in company history.
- Revenue per available seat mile (RASM) increased 16.1% for the fourth quarter of 2022 compared to the fourth quarter of 2019, despite a negative impact from Hurricane Nicole.
- Operating expenses per available seat mile (CASM) for the fourth quarter of 2022 increased 28.4% compared to the fourth quarter of 2019.
- Operating expense per available seat mile, excluding fuel and related taxes, other non-airline operating expenses, and special items (CASM ex-Fuel)(1) for the fourth quarter of 2022 increased 9.9%(1) compared to the fourth quarter of 2019, resulting in industry leading unit cost performance.
- Fuel price in the fourth quarter of 2022 of $3.70 per gallon, including hedges.
Balance Sheet and Liquidity
- $1.6 billion in unrestricted cash, cash equivalents, short-term investments, and long-term marketable securities at quarter-end (excluding our $600 million undrawn revolving credit facility).
- Maintained an adjusted debt to capital ratio of 52%(1) as of December 31, 2022.
- Paid approximately $114 million in debt and finance lease obligations during the fourth quarter of 2022.
easyJet to offer a rescue fare to Flybe customers
Ethiopian Airlines and MailAmerica S.A. Launch e-commerce Logistics
Ethiopian Airlines and MailAmerica S.A. Launch E-commerce Logistics Services Jointly
Flybe collapses.....again......What to do if you were due to fly with flybe
If you are a passenger affected by this event, please read the advice below.If you are due to fly with Flybe today or in the future, please DO NOT TRAVEL TO THE AIRPORT unless you have arranged an alternative flight with another airline. Please note that Flybe is unfortunately not able to arrange alternative flights for passengers.If you have a Flybe booking sold by an intermediary (i.e. not directly with Flybe) that includes travel on a Flybe flight, please contact the relevant airline or booking / travel agent to confirm if there is any impact to your travel plans as the intermediary may be able to support you with alternative arrangements and provide further advice regarding any claim you may need to make.Customers are also advised to monitor the Civil Aviation Authority website for further information www.caa.co.uk/newsIf you require any further information or assistance, please contact the Administrators at:flybecustomers@interpathadvisory.com
If you booked directly with Flybe and paid by credit card you may be protected under Section 75 of the Consumer Credit Act 1974 and should contact your card issuer for further information. Similarly, if you paid by debit or charge card you should contact your card issuer for advice as you may be able to make a claim under their chargeback rules.If you purchased travel insurance that includes cover for scheduled airline failure, known as SAFI, you should contact your insurer. If you did not book directly with Flybe and purchased your tickets through a third party, you should contact your booking or travel agent in the first instance.Negative response letterPassengers who booked directly with the company via either a credit, charge or debit card may alternatively be able to make a claim through their card provider. Some card providers will ask for a negative response letter confirming the position. Passengers may also be able to make a claim against their travel insurer.The negative response letter will be published shortly.Direct booking with an airlineIf you paid the airline directly by credit card you might be protected by Section 75 of the Consumer Credit Act 1974. You should check with your card issuer for further advice. You may have similar cover if you paid by Visa debit card and should check with your bank.Booked through an Airline Ticket AgentIf you booked your ticket through an airline ticket agent you should speak to the agent in the first instance; they may have provided travel insurance that includes Scheduled Airline Failure cover.Scheduled Airline Failure Insurance (SAFI)Some airlines and airline ticket agents will offer customers either a specific Scheduled Airline Failure Insurance (SAFI) policy or include similar protection within a broader travel insurance product. The type of protection provided may vary depending on the type of policy taken out. A policy may simply cover the cost of the original tickets purchased or any unused portion, or the additional cost of purchasing new flights, such as new tickets for travel back to the UK.
26 January, 2023
Delta’s Salt Lake City expansion plan moves forward
Textron Reports Fourth Quarter 2022 Results
Cash Flow
Outlook
Fourth Quarter Segment Results
Dorint Becomes New Business Partner of BARIG – Airlines and Hotels Welcome Increasing Travel Volumes
IATA Welcomes Restoration of ‘Class A’ ATC Services Over Somalia, Surrounding Oceanic Airspace
Airbus Helicopters performed steadily in a complex 2022
Airbus Helicopters performed steadily in a complex 2022
Alaska Airlines drops platsic cups.....
All inflight beverages on Alaska flights are now served in Forest Stewardship Council (FSC) certified paper cups or reusable glassware for most First-Class services. It is a move which eliminates more than 55 million plastic cups annually and replaces them with a more planet-friendly alternative. The carrier began the process of eliminating its five largest sources of plastic waste in 2018 by removing plastic straws and stir sticks from inflight service.
United Celebrates Historic First Graduating Class of Flight Academy Pilots
Inaugural class puts airline on path towards training about 5,000 new pilots at the flight school by 2030 with a goal of at least half being women or people of color
Investments in training and infrastructure pave the way for United to hire more than 2,500 pilots in 2023, with a goal to add at least 10,000 pilots by the end of this decade
United CEO Scott Kirby, United COO Toby Enqvist, and other special guests on hand at Phoenix Goodyear Airport to honor academy's very first graduates