THURSDAY NOV 21, 2024
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Tag: Finance
NEWS Dec 03, 2023 Political Candidate George Santos Expelled After Allegedly Spending $40,000 of Campaign Funding on Airfare George Santos has used significant campaign funds to fund his airfare. The spending spans different airlines over a long period of time, and is unlike any spending relative to his contemporaries. We will look deeper into how politicians misuse flights for their own gain through an example involving George Santos. Read More →
NEWS Dec 01, 2023 Russia Seizes Control of St. Petersburg Airport from Foreign Investors In a recent fiasco, Vladimir Putin signed a decree taking control of St. Petersburg's Pulkovo Airport away from foreign investors, of which German airport operator Fraport and Qatar's sovereign wealth fund Qatar Investment Authority had over 24% ownership. Read More →
NEWS Nov 29, 2023 United and American Take Action Against Chicago O'Hare Airport Expansion United and American Airlines are seeking Mayor Brandon Johnson's intervention to modify O'Hare Airport's expansion plans, which include a new "global terminal" for both domestic and international flights. The project, initially budgeted at $8.7 billion, is now $1.5 billion over budget, prompting the carriers to request a slowdown, scale-back, or potential grounding of the expansion. Read More →
INFORMATIONAL Nov 27, 2023 How Do Airlines Decide Which Aircraft to Use on a Route? It may seem like a simple answer—easy: airlines fly their biggest planes on the routes with the most demand. In some ways, this is true—no doubt airlines would deploy a 737 over a CRJ900 for a route like New York (JFK) to Denver (DEN), given the demand on the route. Demand isn't everything, however. Aircraft range plays a major role as well. Other niche factors play large roles, too, and in this article, we'll explore how airlines decide which aircraft to use on certain routes. Read More →
INFORMATIONAL Nov 25, 2023 How Do Airlines Determine Where to Fly? Have you ever wondered why certain route combinations exist, but others don’t? Well, the process may be more complicated than you might think. Airlines go through a complex process to determine the best routes to fly, typically using a formulaic combination of existing competition, demand, and profit potential. In this article, we break it down. Read More →
NEWS Nov 06, 2023 ANA Financial Success Soars, Surpassing All Expectations Japan has been easing COVID-19 restrictions. This has had a positive effect on overall travel to and from Japan, with domestic passengers reaching 90% of pre-pandemic levels in 2019. Read More →
INFORMATIONAL Nov 02, 2023 The Future of JetBlue: Is the Airline in Serious Trouble? With an antitrust lawsuit and worse Q3 & Q4 than anticipated, JetBlue has seen some better days, but will this be the end of JetBlue? JetBlue has recently announced a buyout with Spirit Airlines worth around $3.8 billion. However, this effort may not succeed. Read More →
INFORMATIONAL Nov 01, 2023 How This Two-Year-Old Airline Made $110 Million in Three Months An in-depth look at how PLAY Airlines posted a revenue of $110 million in just three months. We look at PLAY's business model and strategies leading to this accomplishment. Read More →
NEWS Apr 24, 2023 Alaska Airlines Posts Q1 Loss to Start the Year Alaska is the latest airline to publish its quarterly financial report, and like many airlines in the U.S., is not particularly great. Many variable costs rose by large margins, but the airline remains optimistic about the rest of the year. Read More →
NEWS Apr 24, 2023 Delta Back in Red Figures as Airline Announces Q1 Loss Q1 Results are trickling in from airlines and Delta was the first to announce results — results that were unfortunately negative. Higher operating costs significantly strained revenue, but the future outlook for Delta remains positive. Read More →