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Thursday, October 4th, 2018
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LATEST NEWS
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Delta Air Lines (Delta) stock fell 3.4% after the American carrier announced that Hurricane Florence caused a US$30 million loss in business and that it was now paying more for fuel. Delta was forced to cancel 275 flights in September, mainly in the Carolinas, and that to date it had still not completed dealing with the disruption.
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As a consequence, third-quarter revenue per seat flown per mile increased between 4 and 4.5 percent, which was an indication of rising prices, with Delta indicating that the additional revenue generated will partially help to offset the 35 percent increase in spot fuel prices over the last year. The carrier’s share value dropped US$1.91 to US$54.69 at market close, with other major American carriers’ stock prices falling by a similar amount.
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In total, roughly 3,500 flights were canceled as a result of Hurricane Florence back in mid-September. Unlike the previous year when many more flights were disrupted as a result of Hurricanes Harvey, Irma and Maria – over 20,000 in total – Delta Air Lines, JetBlue Airways and United Airlines reduced prices after many carriers were previously criticized for increasing prices to take advantage of the surge in demand for seats prior to hurricanes hitting land. This year carriers also waived fees for changing flights, baggage and in-flight pets, while Delta also added 1,000 additional seats to its flights in the Carolinas ahead of the hurricane.
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While Charleston International Airport was closed prior to the arrival of Hurricane Florence, it was not just carriers that were affected where planes were concerned. Boeing was also forced to take evasive action by closing its Charleston plant and evacuating all staff, while flying a number of jets to relative safety in Seattle.
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Manchester Airport Group (MAG) intends to participate in the tender process for the concession to operate Sofia Airport in Bulgaria. The process was started on July 5, by the Bulgarian Government.
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MAG already operates three major airports in the UK at Manchester, London Stansted and East Midlands, which together serve 60 million passengers per year, to over 270 destinations via 70 airlines.
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The company’s unique ownership structure comprises a blend of both Manchester City Council and the Greater Manchester local authorities and long-term private investors (IFM Investors). This has ensured that its growth has been founded on its ability to balance the commercial considerations of its airports with a commitment to working closely with the local communities around each site to ensure that they benefit both from the point of view of investment, job creation and the environment.
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MAG’s bid will be supported by Chinese construction giant BCEG, who are already working with MAG on the Airport City UK construction project in Manchester, one of the UK’s most significant examples of collaboration with China in infrastructure development. BCEG’s involvement will bring new opportunities for collaboration between Bulgaria and China.
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"We have a clear vision as to how we will deliver a passenger experience and global route network for Sofia Airport that is comparable to other top tier airports around the world." said MAG Chief Executive, Charlie Cornish
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The International Air Transport Association (IATA) joined air transport businesses and associations to reaffirm its commitment to a sustainable future as the aviation industry marked ten years since agreeing an ambitious joint strategy for reducing carbon emissions.
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“Ten years ago, the entire aviation sector committed to a joint strategy for carbon-neutral growth and to work towards a carbon-free future. That was a daring goal. But with hard work and solid commitment of industry and government, carbon-neutral growth from 2020 will be a reality. And we are already looking beyond. By 2050 we will cut our net emissions to half 2005 levels,” said Alexandre de Juniac, IATA’s Director General and CEO, speaking at the Air Transport Action Group (ATAG) Global Sustainable Aviation Summit here.
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In 2008, as airlines reeled from the financial crisis, and oil prices were at historic highs, aviation leaders from the airline, airport, air navigation and aviation manufacturing sectors signed a Declaration, committing to a four-pillar plan for carbon reduction: Investment in new technology (including sustainable aviation fuels), Continuous operational improvements, Better use of infrastructure, A single global market-based measure.
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In the decade since, aviation has turned the Declaration into solid progress. Flying is 20% more fuel efficient. Sustainable aviation fuels have proven that they are effective. And a historic agreement reached at the International Civil Aviation Organization (ICAO) Assembly in 2016 —the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) — will facilitate carbon-neutral growth from 2020.
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The immediate priority on the aviation sustainability agenda is to successfully implement CORSIA as the single global market-based measure. “Persuading more states to volunteer for CORSIA is important. In tandem, we are working with governments to prevent actions that undermine the agreement, such as the unilateral implementation of environmental taxes. The ICAO Assembly next year provides an opportunity for governments to reaffirm CORSIA as the single global measure for aviation climate mitigation. It’s a top priority for CORSIA to be effective,” said de Juniac.
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Reducing carbon emissions to 50% of 2005 levels by 2050 (2050/minus 50) will be an even greater challenge.
“Progress in technology, operations, and infrastructure – especially air traffic management - will match or better our fuel efficiency achievements of the past decade. But our 2050/minus fifty goal will test our resolve even more. We will not move forward on a consistent glide path, but we are on the right trajectory. The industry is ready for the next step-change in technology in the 2030s: hybrid and electric planes, and the large-scale rollout of sustainable fuels,” said de Juniac.
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Boeing, Air Lease Corp. and EVA Air have celebrated the delivery of the airline's first 787-9 Dreamliner, via lease from ALC, at Boeing's South Carolina Delivery Center. EVA Air plans to debut the long-range and super-efficient airplane in November on international routes.
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"This milestone delivery marks the beginning of a new era for EVA Air as we continue to revolutionize Taiwan's dynamic commercial aviation industry," said Steve Lin, Chairman of EVA Air. "The 787 Dreamliner's extraordinary efficiency and passenger pleasing cabin features will further elevate EVA Air's position as a five-star global airline. We are excited to introduce the 787 into our fleet and they will play an integral role in our success going forward."
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Built with lightweight composite materials and powered by advanced GEnx engines from General Electric (GE) Aviation, the 787 Dreamliner family lowers operating costs by more than 20% compared to previous airplanes.
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The delivery marks the first of 24 Dreamliners for the Taipei-based airline. In 2015, EVA Air announced a landmark order for 18 787-10 airplanes along with plans to operate four 787-9s and two 787-10s on lease from ALC.
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Low-cost airline Wizz Air has reported passenger statistics for September 2018. Traffic for the month increased 16% while capacity was up 17.5% compared to September 2017. The load factor for September was 94.1% an increase of 1.2 points compared to the previous year.
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International Airlines Group has reported that traffic in September increased by 5.9% compared to the same period in 2017, while Group capacity rose 7.2% year on year. Group load factor for September dropped 1.0 point to 84.6%
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Ryanair has released that total traffic for September 2018 grew 11% to 13.1 million, with a 97% load factor. Ryanaur traffic grew 6% to 12.6 million customers, with a load factor of 97%. Lauda traffic was 0.5 million customers with a 93% load factor.
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Nycote has signed an exclusive distributor agreement with Pexa, a specialist distributor, for its high-technology surface coatings with the objective of enhancing safety and reducing maintenance costs for major aerospace providers around the globe.
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Nycote is a global leader in advanced coating technologies that increase asset lifespan, reduce maintenance costs and ensure safety for aircraft manufacturers. Their coatings are approved by major OEM’s such as Airbus, Boeing, and Embraer and are REACH compliant. Nycote combines the strength and flexibility of nylon with the hardness of epoxy, creating a clear, lightweight barrier that prevents corrosion and conductivity. Its one-coat, anti-corrosion products can be applied on an array of surfaces and can also be custom tinted.
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This agreement with Pexa, the UK-based distributor of high-tech surface coatings, offers unrivaled expertise in the marketing, delivery and technical support of specialty surface coatings.
As a result, Nycote can expand its market coverage and provide European customers with technical support and stock availability. Pexa’s field sales team are trained and qualified in the application of surface coatings providing technical advice and support to customers throughout Europe.
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During the third quarter of 2018 Avion Express demonstrated another significant growth in production. In the third quarter the airline flew over 21,600 block hours, increasing the year-on-year production result by over 67%.
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During 2018 Avion Express continues its long-term partnership with Thomas Cook and its daughter company Condor. This year the ACMI operator also started providing its services to SunExpress, which is a joint venture of Lufthansa and Turkish Airlines.
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Avion Express is operating 18 Airbus A320 family aircraft.
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easyJet has signed up Virgin Atlantic as a new airline partner to its unique connections service ‘Worldwide by easyJet’.
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From October 2, easyJet customers can seamlessly connect through London Gatwick Airport between easyJet and Virgin Atlantic flights. This opens up new destination options via ‘Worldwide by easyJet’ which could see customers connecting from the likes of Barcelona through to Orlando and Edinburgh to Las Vegas. Other Virgin Atlantic destinations now available also include Las Vegas, Antigua and St Lucia.nWorldwide by easyJet has been consistently growing, with more than 4,000 unique O&Ds which have been booked in combination with partner airlines.
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This addition compliments easyJet’s existing relationships with Norwegian, WestJet, Thomas Cook Airlines, Corsair, La Compagnie, Aurigny and Loganair who are already part of ‘Worldwide by easyJet’.
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Earlier this month easyJet announced that Singapore Airlines and its low cost subsidiary airline Scoot will join the ‘Worldwide by easyJet’ global connections service, connecting easyJet customers with South East Asia with Singapore Airlines via Milan Malpensa airport and with Scoot through Berlin Tegel. The service is expected to be available within the coming months.
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easyJet will continue sign up other airlines to ‘Worldwide by easyJet’ during 2018, with talks progressing with middle and far-eastern carriers amongst others and the airline also plans to expand to other key easyJet airports in Europe.
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American Airlines will add a sixth destination in Cuba with a new daily flight from Miami International Airport (MIA) to Antonio Maceo Airport (SCU) in Santiago de Cuba starting May 3. The airline will also start new service from Dallas Fort Worth International Airport (DFW) to Durango International Airport (DGO) in Mexico starting June 6.
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American will be the only U.S. carrier to serve DGO and SCU. American will also add new service to some of its existing international destinations from DFW, MIA, Charlotte Douglas International Airport (CLT) in North Carolina and LaGuardia Airport (LGA) in New York.
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American also plans to increase service from its largest hub at DFW. As announced in March, the airline reached a lease agreement with the airport resulting in 15 new regional gates after renovating the Terminal E satellite, which is scheduled for completion during the summer of 2019. As part of the expansion, American will add new service to Valley International Airport (HRL) in Harlingen, Texas, beginning March 3, and launch seven additional domestic routes from DFW.
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These new routes are part of American’s plan to grow its DFW operations from approximately 800 peak daily departures today to close to 900 peak daily departures next summer.
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