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American Airlines, Alaska Air announces West Coast international alliance » 08:5102/1302/13/20
Alaska Airlines and…
Alaska Airlines and American Airlines announce an alliance to create more choice for West Coast customers. The expanded relationship between the airlines will offer customers several benefits, including: Alaska Airlines intends to join the oneworld alliance by summer 2021, which will connect Alaska guests to more than 1,200 destinations worldwide. American will launch the first service from Seattle to Bangalore, India beginning October 2020. A new American route from SEA to the global business hub London Heathrow will begin flying in March 2021. The airlines will continue their domestic codeshare that offers customers hassle-free booking and travel between the two networks. The codeshare will expand to include international routes from Los Angeles and SEA. Alaska and American loyalty members will enjoy benefits across both airlines, including the ability to earn and use miles on both airlines' full networks, elite status reciprocity and lounge access to nearly 50 American Admirals Club lounges worldwide and seven Alaska Lounges in the U.S. The alliance will give West Coast travelers more choices when traveling internationally, offer seamless access across a broader network and provide strategic growth for both airlines. Alaska intends to join oneworld, the world's fastest growing and most highly rated global airline alliance. Once approved, oneworld membership will allow Alaska Mileage Plan loyalty members to earn and redeem miles through oneworld's more than 1,200 international destinations. The alliance enables reciprocal benefits on other member airlines, such as priority check-in and boarding, access to preferred seats and free checked bags. Seattle's first-ever direct flight to BLR will be available for purchase later this month, with daily flights beginning October 2020. Daily service between SEA and LHR will be available for purchase in May 2020 for flights starting March 2021. Alaska and American will continue their domestic codeshare relationship, which was scheduled to shrink in March of 2020. The airlines will expand codeshare to West Coast international routes from SEA and LAX for broader international access and choice for customers. Codeshare gives customers seamless access to more destinations and reciprocal frequent flyer program benefits. Customers with lounge membership will enjoy shared access to nearly 50 American Admirals Club lounges worldwide and seven Alaska Lounges in the U.S. for same-day travel on American or Alaska flights. The implementation of the expanded relationship and other arrangements described herein is subject to the negotiation and execution of definitive documentation and governmental review.
DOT IG to audit FAA pilot training requirements amid Boeing 737 MAX issues » 17:5902/1002/10/20
ALK, LUV, DAL, JBLU, UAL, SAVE, AAL, BA
The U.S. Transportation…
The U.S. Transportation Department's Office of Inspector General said on Monday it had initiated the Federal Aviation Administration's pilot training requirements after an October 29, 2018, Lion Air Flight 610 crash shortly after departing Jakarta, Indonesia, resulting in 189 fatalities and than five months later, on March 10, 2019, an Ethiopian Air Flight 302 crash shortly after departing Addis Ababa, Ethiopia, resulting in 157 fatalities, including 8 Americans. Both flights involved the Boeing (BA) 737 MAX 8 aircraft, which was certified by the Federal Aviation Administration in March 2017."These fatal accidents have drawn widespread attention to FAA's oversight and certification practices, including the Agency's process for establishing pilot training requirements for the aircraft. For example, at the time of the October 2018 accident, pilots were reportedly unaware of the new automation system-known as the Maneuvering Characteristics Augmentation System (MCAS)-that Boeing included on the MAX aircraft to improve aircraft performance. According to the Lion Air accident report, the pilots' responses to erroneous activations of MCAS contributed to the crash, raising international concerns about the role of pilot training. In light of these concerns, the Chairmen and the Ranking Members of the House Committee on Transportation and Infrastructure and its Subcommittee on Aviation requested that we review domestic and international pilot training standards related to commercial passenger aircraft, including the use of automation. Accordingly, our audit objectives will be to (1) evaluate FAA's process for establishing pilot training requirements for U.S. and foreign air carriers operating U.S.-certificated large passenger aircraft, and (2) review international civil aviation authorities' requirements for air carrier pilot training regarding the use of flight deck automation," said the U.S. agency. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL). Reference Link
White House considers suspending flights from China to U.S., CNBC reports » 18:0401/2801/28/20
ALK, LUV, DAL, JBLU, UAL, SAVE, AAL
The White House has told…
The White House has told airline executives that it may suspend flights from China to the U.S. amid a growing outbreak from the new coronavirus, CNBC's Eamon Javers and Tucker Higgens report, citing people familiar with the matter. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL). Reference Link
Alaska Air sees FY20 CapEx approximately $750M » 17:5001/2801/28/20
Comments taken from…
Comments taken from investor presentation slides.
Alaska Air sees Q1 capacity up ~4% » 17:5001/2801/28/20
Sees Q1 CASM-excluding…
Sees Q1 CASM-excluding fuel and special items up ~3%. Sees Q1 RASM up ~0.5%-3.5%. Comments taken from investor presentation slides.
Alaska Air sees FY20 capacity up ~3%-4% » 17:4801/2801/28/20
Sees FY20 CASM-ex fuel…
Sees FY20 CASM-ex fuel and special items up ~2%. Comments taken from investor presentation slides.
Alaska Air reports Q4 traffic up 3.9%, capacity up 3.5% » 16:3901/2801/28/20
Load factor increased 0.4…
Load factor increased 0.4 pts to 83.7%.
Alaska Air raises quarterly dividend 7% to 37.5c from 35c per share » 16:0201/2801/28/20
The dividend will be paid…
The dividend will be paid on March 5 to all shareholders of record as of Feb. 18.
Alaska Air reports Q4 adjusted EPS $1.46, consensus $1.41 » 16:0101/2801/28/20
Reports Q4 revenue…
Reports Q4 revenue $2.23B, consensus $2.22B.
White House considering restrictions on China travel, CNBC says » 11:0601/2801/28/20
ALK, LUV, DAL, JBLU, UAL, SAVE, AAL
CNBC's Eamon Javers…
CNBC's Eamon Javers tweeted: "CNBC has learned White House officials are discussing travel restrictions into and out of China in light of the coronavirus. These restrictions could impact flights to various airports across the country. No final decisions have been made yet." Publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL). Reference Link