“While almost in all other regions of the world have been made exceptions that respect climate in European Union this wasn’t allowed”, – Mr. Spohr marked, adding that this contradicts own goal of the EU in struggle with harmful emissions into the atmosphere. “If there was no risk to lose slots in some European airports, most likely, we would have cancelled them and jointed with…
According to the rule use-it-or-lose-it airline companies have to make at least 80% flights afforded by allocated for them slots in order not to lose it in the future. Since the pandemic start European Commission has temporarily cancelled this rule but in October 2021 has introduced it again reducing the part of mandatory flights to 50%. In March this part will be increased again up…
European airline companies make thousands of ghost flights in order to save slots. Airline companies and eco-activists say that this winter in Europe will be made more than 100 thousand of actually unnecessary flights. It has to do with the rules according to which in order to save slots in the airports, airline companies have to use them always even if there is no enough…
American low-cost airline company strives to resume tourism according to the sources familiar with the matter. American Allegiant Air, operator of used Airbus airplanes has placed order for new Boeing airplanes. American airline company Allegiant Air that works on the ultra-low-cost model placed order for 50 Boeing airplanes and option for 50 more. This decision is step towards adopted strategy of the company’s fleet development….
Boeing declared readiness to start deliveries in China in the first quarter. Moreover, such air carriers as Alaskan Air (ALK), Southwest Airlines (LUV) and Allegiant Air, subsidiary company Allegiant Travel (ALGT) have already placed orders for the airplanes 737 MAX. At present moment Boeing is manufacturing 26 airplanes of this model per month and plans to increase this quantity to 31 at the beginning of…
Boeing results for the fourth quarter published on Wednesday haven’t met expectations of the analysts. Company reported expenses caused by suspension of the sales of the airplanes of 787 Dreamliner family. Total Boeing income fell by 3% as compared to the same period of 2020 and made 14.79 billion USD. Aviation company has also reported operational loss in amount of 7.69 USD per share. At…
Airbus broke many-billion contract with one of the biggest customers – Qatar Airways by cancelling deliveries of 50 airplanes A321neo because of the scandal with another model. Qatar Airlines has criticized external coating of wide-body airplanes Airbus A350 asserting that they are subject to “fast degradation of the coating” (it is presumed that it is about the paint that is applied on the board), “parked”…
According to the Transportation Safety Administration traffic in the airports has recently made about 85% from before-pandemic levels recorded at the end of 2019. Figures were not so high as on the weekend of Thanksgiving Day (almost 90%) but though they are higher than investors anticipated. These encouraging tendencies, however, cannot hide the fact that for the investors of the airline company not for the…
Tariff reduction Goldman Sachs has reduced recommendation on the Southwest Airlines stocks (NYSE:LUV) from “to sell” to “neutral” and reduced their 12-months target price to 36USD from 59USD even taking into consideration increase of cost efficiency. Analysts show in review for the customers: “Due to current inflation return to profitability will be slower than generally in the industry as positive influence of these initiatives on…
Stocks of the airline companies finished 2021 year under the sign of uncertainty. “Omicron” appearance puts in question perspective of their growth again but they just started to recover after one of the strongest falls of air traffic volumes in the recent history. Exchange-traded fund U.S. Global Jets ETF (NYSE:JETS) during the last month lost more than 12%. Stocks of some biggest air carriers have…