Airline

Swiss and SBB intensify their strategic partnership: Munich-Zurich Airport to be the first international ‘SWISS Air Rail’ route

Swiss and SBB intensify their strategic partnership: Munich-Zurich Airport to be the first international ‘SWISS Air Rail’ route

Swiss International Air Lines made this announcement: The ‘Airtrain’ is going international: SWISS is expanding its collaboration with SBB Swiss Federal Railways on its intermodal transport service, which will in future be known as ‘SWISS Air Rail’. From July 2022 onwards, SWISS customers can take advantage of the first-ever international rail/air connection in the form …

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JetBlue urges Spirit shareholders to protect their interests and ‘Vote No’ on Frontier transaction

JetBlue urges Spirit shareholders to protect their interests and ‘Vote No’ on Frontier transaction

JetBlue Airways has issued this statement: JetBlue Airways today announced that it has filed a “Vote No” proxy statement urging Spirit Airlines shareholders to vote AGAINST the inferior, high risk, and low value Spirit/Frontier transaction at Spirit’s upcoming special meeting. In addition, JetBlue commenced an all-cash, fully financed tender offer to acquire all of the …

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Ryanair reports full year loss of €355 million ($369.6 million)

Ryanair reports full year loss of €355 million ($369.6 million)

Ryanair Holdings today (May 16, 2022) reported a full year loss of €355m (pre-exceptionals), compared to a PY loss of €1,015m. FY end 31 Mar. 2021 31 Mar. 2022 Change Customers 27.5m 97.1m +253% Load Factor 71% 82% +11pts Revenue €1.64bn €4.80bn +193% Op. Costs €2.48bn €5.27bn* +113% Net Loss (€1,015m) (€355m)* n/m * Non-IFRS …

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Ryanair’s Annual Loss Highlights Europe’s Ongoing Uncertainty

Skift grip “Fragile” isn’t a word one would associate with the normally rambunctious Michael O’Leary, but times are still uncertain and that’s how the Ryanair boss views Europe this summer. Matthew Parson Ryanair said on Monday it was impossible to give a detailed forecast beyond the hope of returning to “reasonable profitability” this year amid …

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President Biden Calls for Sustainable Aviation Fuel Incentives

Skift grip President Biden supports sustainable aviation fuel incentives as the airline industry seeks to reduce emissions. But the legislation remains stuck on Capitol Hill with little clarity on how it will become law. Edward Russell President Joseph Biden renewed calls this week for a Sustainable Aviation Fuel Tax Credit, or SAF, as part of …

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Delta Air Lines’ Bet on Premium

Skift grip Hello from Skift. It’s Thursday, April 13 in New York. Here’s what you need to know about the travel industry today. Rashaad Jordan Today’s edition of Skift’s daily podcast covers Delta Air Lines’ earnings report, Philadelphia’s local tourism campaign and Prince Harry’s Google assistance. Listen Subscribe Episode Notes Although Delta Air Lines does …

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Delta Bets Premium Travel Trend Is Here to Stay

Skift grip Is Home Depot’s loss Delta’s gain? Americans spent two years hoarding money and spending money on home improvement projects. But now Delta thinks they’re ready to spend their savings on travel and experiences, and the Atlanta-based carrier says it’s expecting them. Madhu Unnikrishnan Delta Air Lines doesn’t quite believe the pandemic is behind …

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