An American Airlines flight descended into chaos on Tuesday when a traveler tried to open an emergency exit door mid-air, forcing other passengers to restrain him before he was duct-taped and zip-tied, witnesses said.
09.02.2024 - 09:38 / travelpulse.com / Spirit Airlines / North America / Ted Christie / Rich Thomaselli / Airlines
Maybe the analysts were wrong.
Or at least premature.
Some Wall Street analysts who cover the airline industry predicted that, in the wake of a judge blocking a proposed merger between JetBlue Airways and Spirit Airlines, Spirit would go bankrupt from being unable to cover its debt.
But Spirit Airlines said its losses last quarter were lower than expected and should have a positive cash flow in the second quarter.
"As we enter 2024, we are beginning to see benefits from the tactical and strategic changes we implemented in 2023," Spirit President and Chief Executive Officer Ted Christie said."In addition, current booking trends further our confidence that the domestic environment is beginning to rebound."
"Together with the changes we have made, we estimate this will result in an unprecedented sequential improvement in total revenue per available seat mile (TRASM) from the fourth quarter of 2023 to the first quarter of 2024, which supports our view of a domestic recovery in 2024," Christie continued. "The Spirit team is 100% clear and focused on the adjustments we are currently deploying and will continue to make throughout 2024 to drive us back to cash flow generation and profitability."
Although the ruling by the judge to block the merger with JetBlue was a disappointment, a strong holiday season at the end of 2023 will bolster the airline.
“We estimate this strong operational performance contributed $10 million of incremental revenue, allowing us to exceed our mid-December revenue guidance for the fourth quarter and deliver cost performance in excess of our expectations," Christie added. "We have continued this operational excellence and finished January 2024 as the No. 2 airline in reliability."
"In the fourth quarter, we saw cost benefits from our high level of on-time performance and completion factor for the quarter, particularly in the peak Thanksgiving and Christmas holiday periods," Spirit Chief Financial Officer Scott Haralso said. "We also saw fuel efficiency benefits with the increase in the number of Neo aircraft in our fleet, particularly the eight A321neos added in 2023."
"We expect these benefits, along with improved utilization of the aircraft available for operation and the right-sizing of our labor costs, to be the platform for our ongoing unit cost repair," Haralson continued.
This could be welcome news for those looking to find competitive fares from ultra-low-cost carriers like Spirit Airlines, especially the Department of Justice, which filed the lawsuit to block the proposed merger.
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An American Airlines flight descended into chaos on Tuesday when a traveler tried to open an emergency exit door mid-air, forcing other passengers to restrain him before he was duct-taped and zip-tied, witnesses said.
Passengers flying American Airlines will need to pack lighter or be ready to pay, the carrier announced Tuesday of its increased bag fees along with an array of other customer-facing changes.
New data showed that travel agencies in the United States set a new record in January for air ticket sales.
Florida’s high-speed rail company, Brightline, is running a promotional sale for President’s Day weekend only, with an enticing deal for group travelers aiming to explore the Sunshine State.
One hurdle has been cleared in Hawaiian Airlines’ attempt to merge with Alaska Airlines.
Spirit Airlines is adding 10 new flights out of Boston-Logan, which can be looked at in two ways. It's a step back toward profitability for the airline, which many thought might go bankrupt in the wake of the ruling by the federal judge that blocked a merger with JetBlue Airways.
New York City may be a global destination for business and tourism, but its track record of seeing airlines depart, at least when it comes to their headquarters, continued last week.
One of the best ways to earn American Airlines miles on purchases you're already making is through the AAdvantage eShopping website. You can earn American miles by clicking through this site before making online purchases.
A summer getaway to Italy just got easier to plan.
Spirit Airlines is postponing plans to fly to Mexico's newest major airport before it's even opened to international airlines.
United Airlines is bringing more adventure to travelers, with an additional 100+ flights being added to the summer flight schedule. Flyers can visit more destinations across the United States and Canada, with plenty of opportunities to enjoy a picturesque outdoor adventure.
Alaska Airlines is expanding flight service from its hub at Portland International Airport (PDX).On Monday, the Seattle-based carrier announced plans to add more than 20 daily departures to popular destinations starting this summer. Alaska, which is in the midst of a potential merger with Hawaiian Airlines, said its capacity has increased by 25 percent.Alaska plans to increase service from PDX to a handful of cities, including Las Vegas, Reno, Sacramento and Ontario, California beginning August 20. Starting October 1, the airline will increase service from PDX to Dallas-Fort Worth, Denver, Phoenix, Fresno and Medford, Oregon.The carrier will also add a second daily roundtrip flight between Portland and Redmond/Bend on October 1 and has extended nonstop seasonal flying from PDX to Billings, Kansas City and Minneapolis until the end of the year.Alaska currently serves 53 nonstop destinations from Portland, recently launching nonstop service to Miami. Meanwhile, year-round flights to Nashville start on March 14. By summer, the airline will have more than 100 average daily departures from Portland."We've been the largest carrier in Portland for more than 20 years. We don't take that for granted. It's important for us to provide our guests with a variety of convenient flight options at PDX along with the addition of new routes. We know travelers have a choice and we want them to fly with us," Kirsten Amrine, vice president of revenue management and network planning for Alaska Airlines, said in a statement."We're thrilled about the added flights out of PDX," added Dan Pippenger, chief aviation officer at the Port of Portland. "As our largest carrier, more Alaska flights means even more options for travelers, whether they're flying cross-country or within the state. And the increase in service means more visitors for our concession and ground travel partners – the local businesses that are the heart of our region and bring so much excitement to our airport."Contact your travel advisor or visit AlaskaAir.com to book the airline's expanded service from PDX.