28 February, 2023
Air Canada Proudly Salutes its Black Employees, Wraps Black History Month with Celebration Flight
JetBlue offers passengers tools to help scale the sustainability of air travel
New Platform Enables JetBlue Customers to Directly Contribute to the Purchase of Sustainable Aviation Fuel (SAF) and Help Grow This Critical Emerging Market
27 February, 2023
Qantas unveils prototypes of the First and Business cabins on the Airbus A350 that will fly passengers non-stop from Australia to New York and London from late 2025.
Luxe First suites with fixed flat bed, separate lounge recliner and wardrobe.Next Generation Business suites with sliding door for added privacy.Fast and free Wi-Fi to be installed across A350 fleet.
Airbus Foundation joins explorer and scientist Jean-Louis Etienne’s Polar POD expedition
The Airbus Foundation has signed an agreement with the Polar POD expedition to support both the scientific programme and the operational phase of the mission. The Airbus Foundation will provide access to products and services such as Earth observation satellite data, as well as offering additional capabilities for reliable high-speed telecommunications.
Top level changes at Qantas.....
The Qantas Group has announced changes to its Group Management Committee, as the national carrier moves into a new phase of growth and renewal.
Andrew David, who is CEO of Qantas Domestic and International, will retire from the Group in September 2023.The role of CEO of Qantas Domestic and International (which was combined during COVID), will return to being two separate portfolios from 1 July 2023. This will provide the management bandwidth required as each business welcomes new aircraft and expands its network. Both roles will report to Qantas Group CEO, Alan Joyce.Cameron Wallace, who has more than two decades of aviation experience in the Asia Pacific region, will join the Group as CEO of Qantas International and Freight from 1 July 2023. This will include growing Qantas International’s capacity to 100 per cent of pre-COVID levels and beyond, as well as guiding preparations for Project Sunrise through to the first flight in late 2025.Andrew David will remain as CEO of Qantas Domestic until his retirement from the Group in September 2023. A recruitment process to appoint this role will start soon.The rest of the Group Management Committee remains unchanged.
Delta Sky Club opens only airline lounge in newly transformed Kansas City airport
The Delta Sky Club network is deepening its Midwest ties on Tuesday with the opening of its Kansas City International Airport (MCI) lounge, the only carrier lounge at the recently transformed airport.
Air Serbia and Air China renew and expand their partnership
British Airways Holidays and Universal Orlando Resort have teamed up with ITV's Ant & Dec’s Saturday Night Takeaway.
Pilots from across Europe call on EU policymakers to reform Europe’s airspace now
25 February, 2023
Direct flights between Abidjan and New York John F. Kennedy Airport to restart from 29 May 2023 with Ethiopian Airlines
JetBlue Celebrates Groundbreaking of JFK’s New Terminal 6
Record breaking results from Luna Aviation
24 February, 2023
Leidos to upgrade security at London Luton Airport
"This is an exciting opportunity for our team, and we look forward to supporting these important initiatives at London Luton Airport," said Brad Buswell, Senior Vice President and Operations Manager at Leidos. "By focusing on end-to-end solutions versus individual systems, we will deliver a holistic security management solution, which can scale with the airport's future needs."
A year on from Ukraine War – Are European and Asian Airlines feeling the impact?
A year on from Ukraine War – Are European and Asian Airlines feeling the impact? Commentary from Bloomberg Intelligence's Conroy Gaynor.
Photo by Margarita Marushevska on Unsplash |
ATSG Reports Record 2022 Revenues
Air Transport Services Group, Inc. the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the quarter and year ended December 31, 2022.
Fourth Quarter Results
- Revenues $533 million, up 11%
- GAAP EPS (basic) from Continuing Operations $0.58, down $0.02 on GAAP Pretax Earnings from Continuing Operations $61.2 million, up 1%
- Adjusted Pretax* Earnings $65 million, up 16%
- Adjusted EPS* $0.53, up $0.03
- Adjusted EBITDA* $163 million, up 5%
Full Year 2022 Results
- Revenues $2.0 billion, up 18%
- GAAP EPS (basic) from Continuing Operations $2.67, down $0.66 on GAAP Pretax Earnings from Continuing Operations $260 million, down 14%
- Adjusted Pretax Earnings* $263 million, up 51%
- Adjusted EPS* $2.28, up $0.67 or 42%
- Adjusted EBITDA* $641 million, up $100 million or 18%
- Operating Cash Flows $472 million and Adjusted Free Cash Flow* $285 million
Rich Corrado, president and chief executive officer of ATSG, said, "In 2022, our revenues and Adjusted EBITDA each grew 18%, with revenues reaching a record $2 billion, and Adjusted EBITDA increasing $100 million to $641 million. Our Adjusted Pretax Earnings also grew sharply, excluding 2021 benefits from pandemic related government grants for our passenger airline. At the same time, we invested nearly $600 million in our businesses which will allow us to take advantage of the continued attractive leasing market for midsize freighter aircraft. I expect those investments and the outstanding performance of our employees to drive even more robust growth and earnings in the years to come."
2022 Operating Highlights
- Six more dry leases of Boeing 767-300 freighters, plus one re-lease and four lease extensions of Boeing 767-200s. Two of the six newly converted 767-300 freighters leased last year are also being operated by ATSG’s airlines under Crew, Maintenance and Insurance (CMI) agreements.
- Seven more customer-provided 767 freighters were subleased to and operated by ATSG’s cargo airlines during 2022, totaling thirteen such aircraft in the fleet at the end of the year.
- Feedstock aircraft secured for the twenty freighters ATSG expects to lease in 2023.
- Completed a strong schedule of passenger airline missions for government customers, including the resumption of a full schedule of combi service worldwide for the Department of Defense.
- Executed a six-year extension and expansion of ATSG’s longstanding commercial relationship with DHL. The number of 767s our airline operates for DHL has more than doubled since the beginning of 2021.