Air Canada will be the first airline in the Americas to require temperature screening of passengers prior to travel. The carrier will also retire 79 of its oldest planes, clipping the wings of its Rouge LCC arm.
earnings call
United’s long-haul operations focus on a new "workhorse"
United Airlines is not formally retiring any aircraft yet, but the company hinted at what its future fleet will look like in a memo to pilots identifying where bases will close and aircraft will reposition.
Gogo looks to ride out coronavirus-related dip in demand
The final few months of 2019 delivered strong numbers for inflight connectivity provider Gogo. The company saw revenues improve in the business aviation and global segments while the North American market held up pretty well. Things continued looking good into early 2020. But since the beginning of March, similar to airline demand, Gogo saw a “significant decline” in Asia followed by a “more pronounced decline” in recent days.
Premium products, loyalty continue to drive Delta’s growth
lta Air Lines closed out 2019 much the way it started the year. Revenue is up and costs are mostly under control. Perhaps most important, however, is that the company is seeing gains in premium revenue and the SkyMiles loyalty program.
Gogo talking Ka as growth opportunities abound
For a company that is now mostly known for its Ku-band inflight connectivity offering the idea of bringing Ka-band services online in parallel may appear somewhat incongruous. But for Gogo, the news out this morning that it is pitching Ka-band solutions to potential customers is, according to CEO Oakleigh Thorne, more about holding fast to its plans.
Norwegian scores a funding boost from China
Norwegian found $1.5bn to help cover short-term aircraft costs thanks to a Chinese partner. The deal dramatically reduces CapEx for the next four years, an important win as the company seeks to shore up its books.
United plans more seats per departure with fleet renewal
United Airlines wants to get bigger. The carrier has plans to expand its fleet in the coming years but it also wants to get more seats in the sky per flight. And it wants to accomplish that without adding more seats to the existing aircraft. It is a somewhat complicated challenge, but if things go right United expects 3% more seats per departure on average a year from now.
Gogo closes on $30mm line of credit
Inflight connectivity provider Gogo announced the closing on its previously announced $30 million revolving line of credit today. The move increases the company’s liquidity to approximately $100 million and does so without adverse impact to the stake of its current shareholders.
Tariffs, 737 MAX, satellite crash hit Astronics earnings
How many different ways can one company get beat up in the inflight entertainment and connectivity market? Astronics faces headwinds in its Aerospace market on three fronts. The 737 MAX grounding has costs on both new production and retrofit efforts, while the loss of Intelsat 29E grounded a connectivity program indefinitely. Add in tariffs related to China suppliers that the company is paying and the numbers are going to be rough in that segment for the foreseeable future.
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JetBlue eyes a more mature TrueBlue loyalty program
The co-brand revenue is great and JetBlue intends to continue expanding that stream. But the carrier also knows its TureBlue loyalty program needs a little more to become a mature offering for consumers. That should be good news for travelers, assuming the carrier can execute.