FlightGlobal
• Graham Rapier
Allegiant reported third-quarter revenue of $961.6 million, up 71.1% year over year and $16 million above expectations, while non-GAAP earnings per share were a loss of 3 cents. The low-cost carrier reduced flying nearly 6%, helping raise unit revenue as higher fares offset surging fuel costs.
Airlines
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Allegiant reported third-quarter revenue of $961.6 million, up 71.1% year over year and $16 million above expectations, while non-GAAP earnings per share were a loss of 3 cents. The low-cost carrier reduced flying nearly 6%, helping raise unit revenue as higher fares offset surging fuel costs.
The Federal Trade Commission is seeking information from airlines about how they set fares, putting airline pricing under renewed scrutiny. The companies have 45 days to respond, according to the article summary; it does not specify which airlines received the requests or what pricing practices the FTC is examining.
Sterling Airways has increased its Saab 2000 fleet by 50%, according to ch-aviation. The report provides no details on the number or source of the aircraft, or the timing of the fleet increase.
SAETA Perú has taken delivery of its first Cessna SkyCourier, according to Commercial Aviation News. The report identifies the aircraft as the operator’s first of the type; it does not provide details on fleet size, routes or the aircraft’s intended operational role.
British Airways will not renew its contract with an independent service that reviews rejected passenger compensation claims and can require the airline to pay. The service made BA pay £5 million in compensation in one year, including in cases where the airline believed compensation was not due.
A new runway at Ilulissat was inaugurated with an Air Greenland flight, marking the opening of airport infrastructure in Greenland. The available report provides no details on the runway’s dimensions, capacity or expected operational impact.
United Nigeria Airlines says it raised NGN22 billion ($16.5 million) through its first commercial paper issuance, becoming the first Nigerian airline to tap the country’s short-term debt market using the instrument. The airline did not disclose how it plans to use the proceeds.
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