Airlines
Air Canada Posts Second Quarter Results
Air Canada today reported its second quarter 2023 financial results. With highlights including: Operating revenues of $5.427 billion increased 36% from the second quarter of 2022 Operating income of $802 million, with an operating margin of 14.8%, compared to an operating loss of $253 million in the second quarter of 2022 Adjusted EBITDA of $1.220 billion, with adjusted EBITDA margin of 22.5%, an improvement of over $1 billion from the second quarter of 2022 Second quarter net cash flows from operating activities of $1.490 billion, and free cash flow of $965 million ...
WestJet Celebrates August Long Weekend Performance
With Canada's 2023 summer travel season continuing to see demand in excess of pre-pandemic levels, WestJet is reporting that the August Long Weekend was no exception. The carrier flew over a quarter of a million guests, reporting a completion factor of 98.3% and an on-time performance of 66.2% of all flights throughout the August long weekend, as it continues to demonstrate continued operational improvements to support the travel plans of its guests. Diederik Pen, WestJet Group Chief Operating Officer, said: “As we pass the halfway mark of summer, we are seeing our commitment to...
WestJet Adds Mexico Flights From Vancouver
WestJet is expanding its winter schedule serving British Columbia's Lower Mainland, enhancing its sun and leisure connectivity from Vancouver International Airport to some of Mexico's most popular destinations. Additionally, as part of its connectivity to Mexico, WestJet has added weekly non-stop service between Vancouver and Ixtapa. Chris Avery, WestJet Vice-President, Network Planning, Alliances and Commercial Development, said: “We are thrilled to bring more opportunity for our guests across B.C.'s Lower Mainland to seamlessly connect to their favourite destinations...
Porter Airlines Setting A Course To A New Future
Some six months after launching a schedule of cross-Canada routes with its new Embraer E195-E2 commercial jets, Porter Airlines is posting results that point to further expansion. It is doing so with an aircraft that not only has many leading design efficiencies, but also features a two-stage Economy class service that aims to redefine the economy experience. Porter brought the new aircraft and services to the Vancouver market as of early February this year, starting with three flights per day between Toronto and YVR. This was followed by Calgary (three round trips per day to YYZ)...
IATA Reports Strong Northern Summer Travel Season
IATA reports that the post-COVID recovery momentum continued in June for passenger markets. The global airline industry association’s latest figures show that: Total traffic in June 2023 (measured in revenue passenger kilometres or RPKs) rose 31.0% compared to June 2022. Globally, traffic is now at 94.2% of pre-COVID levels. For the first half of 2023, total traffic was up 47.2% compared to the year-ago period. Domestic traffic for June rose 27.2% compared to the same month a year ago and was 5.1% above the June 2019 results. Domestic demand was up 33.3% in the 2023 first...
Travelport Takes Off With British Airways’ NDC Content
Travelport has announced that New Distribution Capability (NDC) content from British Airways is now live on the Travelport+ platform. With Travelport, British Airways is delivering simplified access to NDC content to agents, so that travel retailers can easily book and service NDC offers for their customers. The content is available as of today in the UK and Ireland and will be followed by a global rollout for Travelport+ users around the world. Ian Romanis, British Airways’ Director of Retail and Customer Relationship Management, said: “We’re delighted that, together with...
Canada Jetlines Provides July Operations Report
Canada Jetlines Operations Ltd. has provide an update on key operating metrics with the aim to provide timely information to its shareholders. On June 28, 2023, Canada Jetlines announced an increase of 265% in hours flown in Q2, 2023 over the hours flown in Q1 2023, the company is now reporting a new record of hours flown in July 2023 with 622 block hours flown in the month. Eddy Doyle, Chief Executive Officer of Canada Jetlines, said: “We are pleased with the success the airline keeps achieving on this key operating metric and, with the addition of our third aircraft in August,...
United’s NDC Content Available To Travelport Customers
Travelport has renewed its multi-year agreement with United Airlines and as part of the agreement, Travelport will continue to provide travel agencies around the world real-time access to United’s wide selection of travel content, products, and services. As well, Travelport will continue to collaborate closely with the carrier to support United’s New Distribution Capability (NDC) initiatives and deliver a world-class, modern travel retail experience. Simplified access to United’s NDC content and servicing capabilities launched several months ago with a successful early adopter...