Air Canada has posted its 2021 financial year results that indicate a strong final quarter finish to the year with an unexpected positive EBITDA — a common proxy for operational profitability that stands for earnings before interest, taxes, depreciation and amortization — for the first time in seven quarters. By comparison, 2020’s final quarter EBITDA was negative 728 million Canadian dolloars ($571 million) compared to 2021’s Q4 figure of 22 million Canadian dollars. In addition, the airline posted a full…
Over the next year, AirAsia X will dedicate a third of the cargo capacity in its Airbus A330 cargo holds to transport freight on behalf of Teleport. AirAsia X has reached an agreement with another Capital A (previously the AirAsia Group) company to make greater use of the cargo capacity…
Held as a biennial event where aviation's finest meet at Asia's largest and most influential aerospace and defence exhibition, the Singapore Airshow is the event for both the leaders of the aerospace industry, as well as the eager newcomers to make their mark and settle in some new partnerships. After…
On Feb. 10, the US Department of Transportation (DOT) issued a fine of $300,000 to Air China due to the carrier’s extensive delay violation in 2018. Air China argued that the situation was caused by the chaotic management of New York’s JFK Airport under extreme weather conditions. The Port Authority…
This summer, Iberia will offer more than 120 flight frequencies to the United States, firming its plans to add flights to Dallas/Ft. Worth, Texas and Washington-Dulles. In addition, the Madrid-based carrier intends to resume flights to San Francisco, servicing a total of nine U.S. destinations this summer. This announcement builds…
Ahead of the Singapore Air Show, Kenya’s fastest-growing cargo airline, Astral Aviation, has announced that it will operate the first-ever Airbus A320 passenger to freighter (P2F) converted aircraft. ST Engineering announced it will be carrying out the conversion and expects to place the first A320 P2F jet on lease in…
On April 1, Aeroméxico will restart operations to London with 5 weekly flights using its Boeing 787 Dreamliners. The flight resumptions represent a monthly offer of more than 9 thousand seats. In a statement, Aeroméxico stated that with this resumption, the carrier will be operating six direct routes to Europe,…
On Feb. 14, ANA and Joby Aviation announced an agreement that will see Japan's largest airline unite with the aerospace company to offer aerial ridesharing services to Japan. Toyota Motor Corporation has also joined the agreement — with plans to study potential topics such as ground-based mobility. Joby's intention to…
Just a few weeks after the celebration of its first 100 days of operations in New Haven, Conn., Avelo Airlines, a new low-cost airline in the U.S., is ready to announce another significant expansion from the Northeast. Starting on May 5, Avelo Airlines will launch four new non-stop routes from…
JetBlue on Tuesday announced an agreement allowing the airline to exercise options to add an additional 30 Airbus A220 aircraft to its order book. The order brings the airline's total to 100 A220s making it the largest operator of the type. The New York-based carrier announced its initial order for…
