Airline and Hotel Operating and Financial Reports
LOT Polish Airlines Reports Profit
LOT Polish Airlines swung back into the black in the first eight months of 2014. The financial results achieved are in line with the restructuring plan approved by the European Commission in July 2014.
The airline reported better than expected results of PLN 100 million ($30.9 million) compared to the same period of 2013. In a statement, LOT said it is seeking to achieve “sustainable profitability.”
The airline said it has been …
Alaska’s Load Factor Down in August
Alaska Air Group announced operational results for August 2014 for Alaska Airlines as well as for Horizon Air. Passenger load factor for the month decreased for both carriers, while traffic and capacity increased.
System-wide load factor for August was 87.3%, a decrease of 0.5 percentage points from 87.8% in August 2013. Load factor for Alaska Airlines decreased by 0.4 percentage points, down to 87.6% from 88% last year, while Horizon Air’s …
Delta Prasm Up 2% in August
Delta Air Lines announced operational results for August 2014. The Atlanta-based airline reported that its passenger revenue per available seat mile, or Prasm, for the month increased by 2% as compared to August 2013. Delta said the increase was driven mainly by growth in its domestic operations.
The carrier’s total system traffic in August was 20.034 billion revenue passenger miles, or RPMs, a year-over-year increase of 3.1% from 19.438 billion RPMs …
JetBlue Traffic, Capacity Up in July
JetBlue Airways announced operational results for July 2014. The airline’s traffic and capacity for the month both increased, as did its passenger load factor.
JetBlue’s passenger traffic for the month of July was 3.673 billion revenue passenger miles, or RPMs, a year-over-year increase of 4.3% from 3.522 billion in July 2013. The airline’s capacity in July was 4.161 billion available seat miles, or ASMs, up 3.5% from 4.020 billion ASMs last …
Virgin America Reports 400% Increase in Profit
Virgin America announced financial results for the second quarter of 2014. The airline’s operating profit in the second quarter was $36.983 million, a significant year-over-year increase of over 400% from $8.849 million in the second quarter of 2013.
Passenger revenue in the second quarter also increased, up by 4.9% year-over-year to $357.619 million from $341.027 million in the same period last year. Passenger revenue per available seat mile, or Prasm, increased …
Virgin America Sees Increase in July Traffic
Virgin America announced operational results for July 2014.
Total traffic in July was 981 million revenue passenger miles, or RPMs, a year-over-year increase of 3.5% from 948 million RPMs in July 2013.
Capacity for the month also rose, up by 0.5% year-over-year to 1.155 billion available seat miles, or ASMs, from 1.148 billion in the same period last year.
The airline’s passenger load factor for July was 85%, an increase of 2.5 percentage …
SkyWest Reports Load Factor Up for July
SkyWest announced operational results for July 2014.
The airline’s total system traffic for July was 2.934 billion revenue passenger miles, or RPMs, a slight year-over-year increase of 0.7% from 2.914 billion RPMs in July 2013.
Total capacity for the month decreased by 1.4%, down to 3.478 billion available seat miles, or ASMs, from 3.526 billion ASMs in the same period last year.
Meanwhile, the airline’s passenger load factor in July increased by 1.8 …
