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20 February, 2022
JetBlue introduces nonstop flights from New York's JFK to Puerto Vallarta
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Air Canada Reports Fourth Quarter and Full Year 2021 Financial Results
Air Canada has reported its fourth quarter and full year 2021 financial results which shows record cargo revenues of $1.495 billion and operating revenues of $6.400 billion.
- Fourth quarter 2021 operating revenues of $2.731 billion, 30 per cent higher than in the third quarter of 2021, and over three times fourth quarter 2020 operating revenues
- Fourth quarter 2021 operating loss of $503 million compared to an operating loss of $1.003 billion in the fourth quarter of 2020
- Fourth quarter 2021 EBITDA(1) (earnings before interest, taxes, depreciation, and amortization), excluding special items, of $22 million compared to negative EBITDA (excluding special items) of $728 million in the same quarter of 2020
- Full year 2021 operating revenues of $6.400 billion compared to 2020 operating revenues of $5.833 billion
- Record cargo revenues in 2021 of $1.495 billion compared to 2020 cargo revenues of $920 million
- Full year 2021 operating loss of $3.049 billion compared to an operating loss of $3.776 billion in 2020
- Full year 2021 negative EBITDA (excluding special items) of $1.464 billion compared to negative EBITDA (excluding special items) of $2.043 billion in 2020
- Unrestricted liquidity of $10.4 billion at December 31, 2021, practically unchanged from September 30, 2021, excluding funds that were available at September 30, 2021 under the financial package with the Government of Canada
"The unpredictable course of COVID-19 made 2021 extremely challenging for Air Canada and the global airline industry. But the sequential and year-over-year improvement in Air Canada's fourth quarter results shows the underlying recovery remains intact despite the Omicron variant. Our progress rebuilding our airline is due to the hard work, resourcefulness, and commitment of our people. I warmly thank our employees for their dedication and professionalism, which have been unwavering through nearly two years of a global pandemic. I also thank our customers, including shippers, for their steadfast loyalty in continuing to choose Air Canada. As restrictions lift and more people return to flying with us, they will discover measures introduced for COVID safety have been adapted to smooth their journey. As we look at our renewed commitment to customer service excellence, we have more exciting initiatives to come," said Michael Rousseau, President and Chief Executive Officer of Air Canada.
For more information and bookings please visit Air Canada's site here.
"Moreover, robust advance ticket sales, which grew almost $400 million in the quarter, give us confidence that our customers will keep returning and that Omicron's effect on our business is travel deferred, not cancelled. Our other lines of business thrived throughout the year, Air Canada Cargo's record annual revenue of nearly $1.5 billion exceeded $1 billion for the first time, reaching $490 million in the fourth quarter of 2021, our transformed Aeroplan program reported strong billings, and Air Canada Vacations bookings sharply rebounded.
"There are other unmistakable signs of revival. We have been actively restoring our network, with 118 stations served at the end of 2021 up from 70 at its start, and the average number of daily flights rising to 665 in December 2021 from 245 in January 2021. We have been advancing ESG initiatives, including those related to the environment and diversity. And, most importantly, we have recalled over 10,000 colleagues, including 3,900 in the fourth quarter, and we have also begun hiring new employees. As we move into 2022, all expectations are that the recovery in air travel will continue, albeit unevenly. Nonetheless, we believe the regeneration of our business will gain momentum. To this end, we are working cooperatively with governments as they look to adapt their policies, based on science, and taking into account the significant health and safety measures Air Canada and the airline industry have implemented, to allow Canada to capture the economic benefits of the global recovery from the COVID-19 pandemic, many of which will be derived from increased trade and travel," said Mr. Rousseau.
Norwegian reports 117 million krone before tax profit in the last quarter of 2021.
The budget carrier, Norwegian has reported its fourth quarter and preliminary full-year results for 2021 and the airline scored a profit before tax (EBT) was NOK 117 million, compared to a loss of NOK 16.6 billion in the fourth quarter of 2020.
Full report
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Delta brings back hot meals and more - here's what you can expect on your next Delta flight?
It has been an extraordinary and unpredictable last two years, now with more passengers returning to flying and travel restrictions being lifted, Delta has updated its onboard offering.
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Travel momentum builds as restrictions are lifted but IATA calls for even faster progress
IATA calls for even faster progress as
travel momentum builds
The International Air Transport Association (IATA) released data showing growing momentum in the recovery of air travel as restrictions are lifted.
- In the period around 8 February (7 day moving average) the number of tickets sold stood at 49% of the same period in 2019.
- In the period around 25 January (7 day moving average) the number of tickets sold stood at 38% of the same period in 2019.
- The 11-percentage point improvement between the January and February periods is the fastest such increase for any two-week period since the crisis began.
- 18 markets (comprising about 20% of 2019 demand) are open to vaccinated travelers without quarantine or pre-departure testing requirements.
- 28 markets are open to vaccinated travelers without quarantine requirements (including the 18 markets noted above). This comprises about 50% of 2019 demand.
- 37 markets (comprising about 60% of 2019 demand) are open to vaccinated travelers under varying conditions (18 having no restrictions, others requiring testing or quarantine or both).
- Removing all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine,
- Enabling quarantine-free travel for non-vaccinated travelers with a negative pre-departure antigen test result,
- Removing travel bans, and,
- Accelerating the easing of travel restrictions in recognition that travelers pose no greater risk for COVID-19 spread than already exists in the general population.
“Travel restrictions have had a severe impact on people and on economies. They have not, however, stopped the spread of the virus. And it is time for their removal as we learn to live and travel in a world that will have risks of COVID-19 for the foreseeable future. This means putting a stop to the singling out of the traveling population for special measures. In nearly all cases, travelers don’t bring any more risk to a market than is already there. Many governments have recognized this already and removed restrictions. Many more need to follow,” said Walsh.
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Airbus and Singapore’s Institute of Technical Education reaffirm commitment to developing local aerospace talent
Condor flies for the first time to Tbilisi in Georgia
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British Airways has become the first UK airline to officially recognise the Hidden Disabilities Sunflower.
Welcoming the new partnership, Tom Stevens, British Airways’ Director of Brand and Customer Experience, said: “Almost half a million customers who require additional assistance fly with British Airways each year. We’re proud to be the first UK airline to partner with Hidden Disabilities Sunflower and are committed to doing everything we can to support customers who may need additional assistance as part of our BA Better World programme, so they can have the best possible experience when travelling with us.”
Paul White, CEO of Hidden Disabilities Sunflower said: “I am delighted that British Airways is the first UK airline to launch the Sunflower. As well as being supported at over 130 airports globally, people with non-visible disabilities wearing the Sunflower will now be supported on British Airways flights. This a significant step in our goal for Sunflower wearers to be confident to travel independently knowing that they will be supported when they need to be.”
Supporting customers with additional needs
United aims to quadruple the size of Its fleet of training aircraft - United Aviate Academy orders 25 new Cirrus TRAC SR20 aircraft - with the option to add 50 more
Condor gets official certification for commercial flights with its first A330-200 aircraft......
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19 February, 2022
Orlando World Center Marriott to Launch River Falls Water Park on March 16
German holiday airline Condor will offer non-stop flights to 16 destinations in North America during Summer 2022
Discover the east and west coasts of the USA
Overview of Condor destinations from Frankfurt, bookable now:
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AirAsia Orders Vertical Aerospace’s Electric Aircraft From Avolon
With today’s announcement, Avolon has now placed 450 of its VX4 pre-orders to AirAsia, Japan’s JAL and Brazil’s Gol. Together, these airlines form a growing global community of transport operators that have ordered the VX4.
AirAsia leases a minimum of 100 of Vertical Aerospace’s VX4 from AvolonAirAsia joins Japan’s JAL and Brazil’s Gol in agreeing leases for the VX4 with Avolon
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Treat yourself to a piece of history - buy a bit of an Airbus A380
On 27 April 2005, the A380 lifted off from Toulouse-Blagnac airport for its inaugural flight. This global event, remembered by millions, marked the beginning of a remarkable love affair between this exceptional aircraft and people all over the world.
What will be available to buy?
Jet Edge Announces Cue Health Molecular COVID-19 Testing For Flight Crews and Worldwide Operations
Jet Edge announced this week that it has entered into an agreement with Cue Health, a first of its kind in the industry. Cue Health will provide all Jet Edge flight crews and global teams routine access to real-time COVID-19 molecular self-testing with instant results. Jet Edge is the first private aircraft operator to adopt a molecular self-testing solution, a game-changer for the industry.
Finnair releases its financial statement for last year.....
Outlook
GUIDANCE ISSUED ON 26 OCTOBER 2021:
Budget airline Norwegian has entered into a collaboration agreement with Neste, the world’s leading producer of sustainable aviation fuels
Helping corporates meet their emission reduction targets
18 February, 2022
Cebu Pacific selects Airbus FHS to support its A330neo fleet
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The EU Commission has approved the remaining 50 million euros of the hybrid loan by the State of Finland to Finnair
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