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Spirit Airlines Issues Open Letter to All Guests
Prnewswire· 2025-08-29 20:13
Core Viewpoint - Spirit Aviation Holdings, Inc. has voluntarily entered Chapter 11 restructuring to ensure long-term success while continuing operations [1] Group 1: Company Operations - Spirit Airlines continues to operate and provide travel options, allowing customers to book and travel as usual [2] - The company assures customers that tickets, credits, and loyalty points remain valid during the restructuring process [5] - Spirit Airlines maintains its commitment to safety and excellent service throughout the restructuring [5] Group 2: Restructuring Information - A dedicated website has been created to provide information about the restructuring process [3] - Additional resources, including court filings related to the Chapter 11 case, are accessible through specified links and a toll-free information line [3]
X @The Wall Street Journal
Exclusive: Spirit Airlines is preparing to enter bankruptcy for the second time in a year after an earlier reorganization failed to put it on stable financial ground https://t.co/DbTHEDiPIh ...
Allegiant July 2025 Traffic Numbers Improve Year Over Year
ZACKS· 2025-08-29 19:26
Allegiant Travel Company (ALGT) - Scheduled traffic increased by 10.3% year-over-year in July 2025, while capacity rose by 11.5% [1] - Load factor decreased to 86.6% from 87.5% a year ago due to capacity expansion outpacing traffic growth [1] - Total departures grew by 11.8% year-over-year in July 2025, but average stage length fell by 0.4% [2] - Allegiant carried 10.1% more passengers system-wide in July 2025 compared to the previous year, with system-wide capacity improving by 10.8% [2] - Estimated fuel price per gallon in July 2025 was $2.58 [2] - Allegiant currently holds a Zacks Rank 5 (Strong Sell) [2] LATAM Airlines - LATAM Airlines reported a 10% year-over-year increase in consolidated capacity for July 2025, driven by a 12.2% increase in international operations and an 11.8% increase in domestic operations in Brazil [5] - Consolidated traffic increased by 10.4% year-over-year, with load factor growing by 0.4 percentage points to 86.7% [6] - LATAM transported almost 8 million passengers in July 2025, a 7.9% increase year-over-year, and has transported 49.5 million passengers year-to-date [7] Ryanair Holdings - Ryanair transported 20.7 million passengers in July 2025, reflecting a 3% year-over-year increase [8] - July traffic marked a continuous improvement over seven months, with July traffic exceeding previous months' figures [9] - Load factor remained flat at 96% year-over-year, showing consistent passenger demand [10] - Despite 680 flight cancellations due to French air traffic control strikes, Ryanair operated over 113,000 flights in July 2025, an increase from previous months [11]
Allegiant Reports July 2025 Traffic
Prnewswire· 2025-08-29 13:00
Core Insights - Allegiant Travel Company reported a significant increase in passenger traffic for July 2025, with a year-over-year growth of 10.3% in scheduled service passengers compared to July 2024 [2] - The total system passenger count also rose by 10.1%, indicating a strong demand for Allegiant's services [3] Scheduled Service – Year Over Year Comparison - Passengers increased to 2,092,740 in July 2025 from 1,897,963 in July 2024, marking a 10.3% rise [2] - Revenue passenger miles grew by 10.3%, reaching 1,856,141 thousand miles [2] - Available seat miles increased by 11.5% to 2,143,669 thousand miles [2] - The load factor slightly decreased by 0.9 percentage points to 86.6% [2] - Departures rose by 11.8% to 14,061 [2] - Average stage length remained relatively stable, decreasing slightly by 0.4% to 867 miles [2] Total System – Year Over Year Comparison - Total system passengers reached 2,100,774 in July 2025, up from 1,908,813 in July 2024, a 10.1% increase [3] - Available seat miles for the total system increased by 10.8% to 2,181,468 thousand miles [3] - Departures for the total system rose by 11.0% to 14,330 [3] - Average stage length for the total system decreased by 0.2% to 866 miles [3] Preliminary Financial Results - The estimated average fuel cost per gallon for July 2025 was $2.58 [5]
X @Forbes
Forbes· 2025-08-29 12:42
Newark Air Traffic Official Blasts FAA: ‘Akin To Criminal Negligence’ https://t.co/5utw6wlbPN https://t.co/WiX5dnykqj ...
X @Bloomberg
Bloomberg· 2025-08-29 02:56
JetBlue Airways may look at taking legal action against Portugal after what it claims are moves to limit US flights into the European nation https://t.co/cUUsAz2fn8 ...
X @Bloomberg
Bloomberg· 2025-08-28 23:30
Spirit Air has engaged its rival Frontier Air in high-level talks about the carrier’s ongoing efforts to chart a path forward less than six months after emerging from bankruptcy https://t.co/HdWiLR7kVR ...
X @Bloomberg
Bloomberg· 2025-08-28 23:02
Virgin Australia said flight bookings are holding up as it reports a jump in full-year earnings https://t.co/vDy5Xiw8XX ...
X @Forbes
Forbes· 2025-08-28 20:30
Newark Air Traffic Official Blasts FAA: ‘Akin To Criminal Negligence’https://t.co/F4oswKLBjo https://t.co/cHdGlIEXUl ...
Air France-KLM successfully priced a 500 million euros note issuance under its EMTN Programme
Globenewswire· 2025-08-28 15:45
Core Points - Air France-KLM successfully issued €500 million in senior unsecured notes under its EMTN Programme with a maturity of 5 years and a fixed annual coupon of 3.75% [1] - The issuance was well-received due to strong demand, indicating investor confidence in Air France-KLM's credit quality and business model [2] - Proceeds from the issuance will be utilized for general corporate purposes, supporting the company's financial structure [2] Debt and Ratings - The long-term debt of Air France-KLM is rated BB+ by Standard & Poor's and BBB- by Fitch Ratings, reflecting its financial stability [2] - The transaction allows the company to extend the average maturity of its debt, taking advantage of favorable market conditions [1] Underwriters - Deutsche Bank, Crédit Agricole CIB, and Commerzbank served as Global Coordinators for the issuance, with CIC, Santander, SMBC, and Société Générale acting as Joint Active Bookrunners [3]