Tag: Economics
NEWS Feb 27, 2024 Supernal Takes Off With eVTOL Ambitions as S-A2 and Partnerships Forge Path in Urban Air Mobility Supernal, the Hyundai Motor Company subsidiary focusing on advanced air mobility (AAM), is making significant progress towards introducing an electric vertical take-off and landing (eVTOL) aircraft. At an innovation summit in Las Vegas in January, the company unveiled its product, the S-A2 aircraft. Supernal also announced deals with the Singapore Economic Development Board (EDB) and the Civil Aviation Authority of Singapore (CAAS) at the Singapore Airshow this month. Read More →
NEWS Feb 26, 2024 Ryanair CEO Warns of 10% Increase in Flight Prices Amid Boeing Delivery Delays Ryanair CEO Michael O'Leary warned that flight prices could increase by 10% this summer due to an aircraft shortage. Boeing's new aircraft deliveries have been delayed, leading to less passenger capacity amid high travel demand. Read More →
NEWS Feb 25, 2024 FlyDubai's Record-Breaking Profit: Can It Compete With Major Airlines? FlyDubai, a prominent budget carrier headquartered in Dubai, United Arab Emirates, made headlines with its remarkable financial performance in 2023. The airline achieved record profits of $572 million, a substantial increase from the previous year's earnings of $327 million. Robust operational metrics, including significant growth in passenger numbers and revenue generation, fueled this surge in profitability. Read More →
STORIES Feb 17, 2024 Exclusive: Interview With Raúl Revuelta Musalem, CEO of Grupo Aeroportuario del Pacífico I had the chance to sit down with Raúl Revuelta Musalem, the CEO of Grupo Aeroportuario del Pacífico (GAP), about Mexico's aviation industry. This is my second time interviewing Raúl: our previous discussion in August was about Tijuana International Airport (TIJ) and the future of Baja California's aviation sector. Read More →
NEWS Feb 12, 2024 New Airport Under Construction in Phnom Penh to Enhance Cambodia’s Global Connectivity Phnom Penh, is pushing forward with a new airport slated to open in 2025. Techo Takhmao International Airport will feature three 13,123-foot (4,000-meter) runways and will be the world's ninth largest airport by size, covering 6,425 acres (2,600 hectares). It will fully replace the existing Phnom Penh International Airport (PNH), which was initially aimed to be expanded. The new airport will create an economic boom for tourism and other industries across Cambodia. Read More →
NEWS Feb 06, 2024 Alaska Airlines Eliminates San Jose-Austin Route: Why Are Airlines Removing Flights to Austin? Alaska Airlines has recently announced the removal of its nonstop route between Austin (AUS) and San Jose (SJC), marking the second route cut by the airline in about a month. This decision is part of Alaska's ongoing efforts to adapt to evolving travel patterns and market conditions. The move to end flights to San Jose reflects a broader trend of airlines adjusting their route networks in response to changes in demand and operational priorities. Read More →
INFORMATIONAL Feb 02, 2024 Why South Africa's Aviation Industry is Collapsing Amid Flag Carrier Bankruptcy and Economic Issues South Africa's aviation industry, once a symbol of the country's economic prowess, currently navigates turbulent skies. The collapse of South African Airways (SAA), the national carrier, and broader economic strains have created a perfect storm, threatening the industry's survival. Read More →
NEWS Jan 24, 2024 U.S. Airlines' Fourth Quarter Earnings: What Is Behind Their Strong Performance? The fourth quarter of 2023 (Q4 2023) yielded strong results for America's "Big Five" airlines. These are the U.S.' five largest airlines: Alaska Airlines, American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines. Many factors are behind these strong financial results, and airlines face multiple headwinds going into 2024. Read More →
STORIES Dec 29, 2023 Dogs in First Class: The Rise and Fall of Pet Airways Pet Airways was an innovative and risky concept when it first launched back in 2007, promising to offer safer flights for pets. Was the company doomed from the start? Read More →
INFORMATIONAL Dec 14, 2023 Why Don't Airlines Offer Free Upgrades to Fill Empty First Class Seats? Airlines typically don't upgrade passengers should premium seats be empty. It simply boils down to the perceive value of the seat and ensuring that every seat is sold at a revenue-maximizing price an individual is willing to pay. Read More →