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TENNESSEE ONE, TWO, THREE! NEW SOUTHWEST SERVICE AT KNOXVILLE AND SPRING BREAK SCHEDULE AVAILABLE FOR PURCHASE
Prnewswire· 2025-08-14 12:05
Core Insights - Southwest Airlines is expanding its route network by adding service to Knoxville, Tennessee, with flights starting on March 5, 2026 [1][2] - The airline will offer five daily round-trips from Knoxville, including routes to Nashville, Baltimore, Dallas, and Orlando [3][4] - The expansion is part of Southwest's strategy to enhance customer service and connectivity in key markets [2][5] Expansion Details - Knoxville will become the third airport in Tennessee for Southwest, joining Memphis and Nashville [1] - The new service includes twice-daily flights between Knoxville and Nashville, and daily flights to Baltimore, Dallas, and Orlando [3] - The addition of Knoxville is seen as a significant milestone for the local community and tourism industry [5] California Growth - Southwest is also expanding its operations in California with the opening of a new terminal at San Diego International Airport [6] - New routes from San Diego will include destinations such as Eugene, Oregon; Maui, Hawaii; and Puerto Vallarta, Mexico, starting March 5, 2026 [6] - The airline aims to increase its service offerings during peak travel seasons, including Spring Break ski destinations [7] Strategic Route Planning - Southwest is introducing new and returning routes to enhance customer itinerary options, effective March 5, 2026 [8] - The airline will offer twice-daily service on routes including Chicago (Midway) to Milwaukee, and Phoenix to Tucson [8][9] - The expansion reflects Southwest's commitment to providing extensive connectivity across its network [8]
X @Bloomberg
Bloomberg· 2025-08-14 10:02
Business Strategy - Southwest Airlines sold its renewable fuels unit to Conestoga Energy [1] - The carrier is scaling back its climate-focused initiatives [1] Industry Trends - The industry has seen little progress in renewable fuels over the years [1]
Copa Holdings Announces Monthly Traffic Statistics for July 2025
GlobeNewswire News Room· 2025-08-13 21:00
Group 1 - Copa Holdings reported a 6.3% increase in capacity (ASM) for July 2025 compared to July 2024, reaching 2,854.8 million available seat miles [1] - The company experienced a 7.8% increase in system-wide passenger traffic (RPM) for July 2025, totaling 2,533.7 million revenue passenger miles [1] - The load factor for July 2025 was 88.8%, which is 1.2 percentage points higher than the load factor in July 2024 [1] Group 2 - Copa Holdings is a prominent provider of passenger and cargo services in Latin America, serving countries across North, Central, and South America, as well as the Caribbean [2] - The company operates through its subsidiaries to deliver these services [2]
Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2025 Q2
Newsfile· 2025-08-13 20:26
Core Insights - Surf Air Mobility Inc. (SRFM) reported revenue of $27.4 million, an Adjusted EBITDA loss of $9.5 million, and an Adjusted EPS of ($1.34), exceeding both revenue and EBITDA guidance for the quarter [1][5] Financial Performance - The company achieved quarterly profitability in airline operations on an Adjusted EBITDA basis, supported by improved controllable completion factors reaching 95% and better margins in On Demand services [1][5] - Strategic capital actions included raising $44.7 million in equity capital and deleveraging through the equitization of $29.9 million of convertible notes in July [1] Strategic Developments - The company expanded its partnership with Palantir, securing a five-year exclusive agreement for the configuration and sale of software [1][5] - Record-high reliability metrics, two EAS contract renewals, and a new interline agreement with Japan Airlines strengthen the network and revenue base [5] - Six new Letters of Intent (LOI) agreements and the launch of a flagship product suite further expand growth potential [5]
X @Forbes
Forbes· 2025-08-13 20:10
FAA Issues Ground Stops At 6 East Coast Airports Due To Thunderstormshttps://t.co/cBCbHz5oDy https://t.co/MvVwxOeh0i ...
Global Crossing Airlines Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-13 20:05
GAAP Net Income of $0.6 Million or $0.01 per Share; EBITDAR1 of $19.8 Million Generated Record Block Hours of 8,065 in Q2 MIAMI, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” or “GlobalX”), the nation's fastest growing charter airline, today announced its financial and operating results for the second quarter ended June 30, 2025. Except as otherwise disclosed, all figures are presented in United States dollars and prepared ...
X @Forbes
Forbes· 2025-08-13 19:46
U.S. Airlines Issue Travel Waivers For Northeast And Mid-Atlantic—Here’s What To Know If You’re Flying https://t.co/OxT7xHGBp5 ...
Copa Holdings Shares Up 7.7% Since Q2 Earnings & Revenue Beat
ZACKS· 2025-08-13 17:46
Core Insights - Copa Holdings, S.A. (CPA) reported strong second-quarter 2025 results, with both earnings and revenues exceeding the Zacks Consensus Estimate, leading to a 7.7% increase in stock price since the earnings release on August 6 [1] Financial Performance - Quarterly earnings per share were $3.61, surpassing the Zacks Consensus Estimate of $3.25 and reflecting a 25.3% year-over-year improvement [2] - Revenues reached $842.60 million, beating the Zacks Consensus Estimate of $834.8 million and increasing by 2.8% year over year, driven by an 8% rise in onboard passengers [2] - Passenger revenues, contributing 94.6% to total revenues, grew 2% year over year to $797.26 million, supported by a 6.4% increase in revenue passenger miles (RPMs), despite a 4.1% decrease in passenger yield [3] Revenue Breakdown - Cargo and mail revenues increased by 12.4% year over year to $28.3 million, attributed to higher cargo volumes [4] - Other operating revenues improved by 33.9% year over year to $17.03 million, driven by increased ConnectMiles revenues from non-air partners [4] Operational Metrics - Copa Holdings' traffic (measured in RPMs) grew by 6.4%, while capacity (measured in available seat miles) increased by 5.8% from the previous year, resulting in a load factor of 87.3%, up 0.5 percentage points [5] - Passenger revenue per available seat mile decreased by 3.6% year over year to 10.1 cents, while revenue per available seat mile (RASM) fell by 2.8% to 10.7 cents [6] Cost Analysis - Total operating expenses rose by 0.9% year over year to $665.98 million, primarily due to increased capacity and maintenance costs, partially offset by lower fuel and passenger servicing expenses [7] - Employee-related expenses increased by 6.5%, while maintenance costs surged over 100% year over year [8] Cash Position - At the end of the second quarter, Copa Holdings had cash and cash equivalents of $236.17 million, up from $164.82 million at the end of the previous quarter [8] 2025 Outlook - Management anticipates consolidated capacity growth of 7-8% year over year, with an expected operating margin of 21-23% [9] - RASM is projected to be 11.2 cents, with a load factor expectation of 87% for the current year [9]
X @BBC News (World)
BBC News (World)· 2025-08-13 16:49
Air Canada begins cancelling flights ahead of potential strike https://t.co/NI2XymM2jX ...
Air turbulence incidents on the rise
CNBC Television· 2025-08-13 16:35
We've all been there. 30,000 feet when the turbulence hits. And if you think and sense that you're feeling it more often and more severely, turns out you're right.CNBC's senior climate correspondent Diana Olic explains why in her continuing series on rising risks from climate change. Take a look. Severe air turbulence is still considered rare, but it is fast becoming less so.Last month, 25 passengers were hospitalized due to turbulence on a flight out of Salt Lake City. And last year, several instances of s ...