Airlines
AC COMMENTS ON UNUSUAL TRADING ACTIVITY
Air Canada has provided the following statement on the unusual trading activity of AC-B shares yesterday morning on the Toronto Stock Exchange. “The Corporation has no pending material news to be issued and was advised by the Investment Industry Regulatory Organization of Canada (IIROC) that the temporary halt between 11:01 and 11:06 [Nov. 6, 2013] was solely triggered by their Single Stock Circuit Breaker Rule. Various external sources have indicated to Air Canada that there is speculation, not yet substantiated, that the Single Stock Circuit Breaker Rule may have been triggered by an...
Improvements In The Air
IATA reports that in spite of a slight slowdown in August, global passenger traffic results for September show the strong demand trend continuing. Total revenue passenger kilometres (RPKs) rose 5.5% compared to September 2012. Capacity increased at a slightly lower pace at 5.3% over the same period. The load factor in September (80.3%) was largely in line with levels achieved in September 2012. Tony Tyler, IATA's director general and CEO, said: "We are seeing a more positive environment for air travel demand, based on rising business confidence, a strong increase in export orders in...
Double Digit Growth
Air Canada rouge has launched its new service from Toronto to Montego Bay. Air Canada rouge's service, with a Boeing 767-300ER aircraft, increases the number of seats per week previously offered by Air Canada last winter by 50 %. The new service features 3 comfort seating options: rouge, rouge Plus and Premium rouge. Between Air Canada rouge's service to Montego Bay and Kingston, Air Canada rouge and Air Canada's capacity to the vacation island is increasing by double digitsáfrom Toronto, Montreal and Ottawa. The Montego Bay daily flights will depart Toronto at 9 am arriving Montego Bay...
Canadians Favour Allegiant
A recent research study of travellers conducted by Allegiant and partner Heart & Mind Strategies confirms that low cost and value are the most important considerations for consumers shopping for vacation travel, and Canadian leisure travellers are willing to drive a little farther to save a lot on airfare. Canadian travellers revealed that their top priorities for selecting a carrier centred on low fares and getting the most value for their money. This deal-centric attitude is also reflected in a lower desire and expectation for optional amenities and loyalty/reward programs and a...
ENHANCING SECURITY WITH GLOBAL PARTNERSHIP
The International Air Transport Association (IATA) has called for a partnership between industry, governments and regulators to enhance aviation security by embracing a globally harmonized, risk-based system. “Aviation security stands at a crossroads. Global passenger numbers will be approaching four billion per year by 2017, and the aging systems and outdated procedures of the current security system will not be able to cope. We need to change from prescriptive one-size-fits-all measures and embrace performance-based regulation if the economic benefits of aviation growth are not to be...
WESTJET REPORTS STRONG THIRD QUARTER
WestJet has announced its third quarter 2013 results, with net earnings of $65.1 million, or $0.50 per diluted share. This compares with the net earnings of $70.6 million, or $0.52 per diluted share reported in the third quarter of 2012. Based on the trailing 12 months, the airline achieved a return on invested capital of 13.8%, compared with the 14.4% reported in the previous quarter, and one of the best third quarters in WestJet history. “We had a strong third quarter in which we flew a record number of guests, exceeded our 12% ROIC target for the fifth consecutive quarter, and reached...
YOU KNOW MY NUMBER
In order to keep its travellers better informed on first class travel, Lufthansa now has specially trained staff on hand as competent contact partners for request about the product or for bookings. A dedicated service number has been set up exclusively for all that passengers need to know when flying First Class with Lufthansa. For all the details regarding First Class travel with Lufthansa, travellers can now call the carrier\'s team of experts at +1 855 427 4377 -- from North America -- free of charge. The number operates 24 hours a day; around the clock service. Go to http://www.lh.com...