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Friday, January 6th, 2023

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Ryanair raises full-year profit guidance to range of €1.325 billion – €1.425 billion

Ryanair Holdings has reported that it expects to report a stronger-than-expected third-quarter (Q3, (end December 31) PAT of close to €200 million.  Strong pent-up travel demand over the holiday season for the first time in three years, with no adverse impact from COVID or the war in Ukraine, stimulated stronger-than-expected peak Christmas/New Year traffic and fares.

Full-year 2023 traffic guidance of 168 million remains unchanged.  Ryanair expects the fourth quarter (Q4) to be loss making due to the absence of Easter from March and a recent softening in UK outbound and Irish – Prov. UK traffic and pricing. 

As a result of these recent developments, Ryanair has raised its full-year 2023 PAT guidance (pre-exceptionals) from a current range of €1.00 billion – €1.20 billion to a new range of €1.325 billion – €1.425 billion.  This guidance remains heavily dependent upon avoiding adverse events in Q4 (such as COVID or the war in Ukraine).

As this is a closed period, the Ryanair Group’s next market update will take place on Monday, January 30, when the Group releases its third-quarter results. (£1.00 = €1.13 at time of publication).

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British Airways unveils new uniform for first time in nearly 20 years

British Airways has unveiled a new uniform to take the airline into its next chapter. The collection of garments, created by British fashion designer and tailor Ozwald Boateng OBE, will be worn by more than 30,000 of the airline’s colleagues from Spring 2023.

Sean Doyle, British Airways’ Chairman and CEO, said: “Our uniform is an iconic representation of our brand, something that will carry us into our future, representing the very best of modern Britain and helping us deliver a great British original service for our customers. From the very start this has been about our people. We wanted to create a uniform collection that our people are proud to wear and with the help of over 1,500 colleagues, we are confident that we have delivered this.”

The collection features a tailored three-piece suit for men with regular- and slim-fit style trousers and dress, skirt and trouser options for women, as well as a modern jumpsuit – which is an airline first. A tunic and hijab option has also been created for the global carrier.

Boateng took great care in designing a truly original collection, taking inspiration from the airline, its people of the art of flying. The air-wave pattern that features across the entire uniform collection including jackets, t-shirts, buttons and ties was inspired by the movement of air over an aircraft wing. The jacquard fabric across all of the tailored garments features a variation of the airline’s iconic speed-marque.

Sustainability and quality have been front and centre throughout the uniform design process. More than 90% of the garments are produced using sustainable fabric from blends of recycled polyester. As part of British Airways’ BA Better World commitment to work with sustainable suppliers, the airline is only working with manufacturers that are members of the ‘Better Cotton’ initiative, the world’s leading sustainability initiative for cotton, whose mission is to help cotton communities survive and thrive, while protecting and restoring the environment.

The airline’s engineers and ground operations agents will be first to wear the new uniform from Spring 2023. All British Airways’ cabin crew, pilots and check-in agents will have a switch over date from their current uniform to the new one in Summer 2023. As they pick up their new items of uniform, they’ll hand in their Julien MacDonald garments, which will be donated to charity or recycled to create toys, tablet holders and more, with a number of items gifted to the airline’s museum.

GOAL Aircraft Leasing Ireland delivers two new ATR72-600 to IndiGo

On December 30, 2022, GOAL Aircraft Leasing Ireland successfully delivered two new ATR72-600 aircraft to InterGlobe Aviation, India (IndiGo). The aircraft are part of a package of four ATR72-600s and are equipped with the brand-new PW127XT engines.

These aircraft will be on a long-term lease to IndiGo and are supporting IndiGo’s regional fleet expansion. The remaining two aircraft are scheduled to be delivered over the next coming months.

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Abelo adds Bill Rossi to global marketing team

Abelo has announced the addition of Bill Rossi to its global marketing team. Rossi takes on the role of SVP
Marketing for Asia with immediate effect.

Rossi has amassed over 25 years of experience in the aviation sector; his expertise has centred on the Asian
Pacific market where he has held senior sales and marketing roles for aircraft manufacturers and leasing
companies. His regional aircraft and marketing expertise, his experience and passion to working closely with airlines and other business partners, underpins Abelo’s planned growth and development as a leading turboprop lessor.

Abelo is a full-fledged leasing platform created in June 2022, focusing on the commercial turbo-prop aircraft segment. It results in the merge between former Elix Aviation’s platform and turbo-prop portfolio of 65 assets, and the management expertise of ADARE Aviation Capital, led by CEO Stephen Gorman.

NAC executes lease agreements for two E175 jets with Star Air

Nordic Aviation Capital (NAC) has confirmed that it has executed lease agreements for two additional Embraer E175 jets with Star Air, a fast-growing regional carrier based in Bangalore, India.

The airline currently has a fleet of five E145 jets and plans to commence operation with E175 jets in the first quarter of 2023 connecting 18 domestic destinations.

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Norwegian sees December 2022 passenger numbers up 41% compared to 2021

Norwegian has announced that for the month of December 2022 it catered for 1,315,924 passengers, making a total of 18 million for the year, triple the number of passengers compared to 2022. The load factor was 83.1% for 2022. December’s figure was an increase of 41% compared to passenger numbers for December 2021. The load factor in December was 77.8%. The capacity (ASK) was 2,120 million seat kilometres, while actual passenger traffic (RPK) was 1,650 million seat kilometres.

In December, the Nordic carrier operated an average of 64 aircraft and 99.0% of the scheduled flights were completed. Punctuality, as measured by the number of flights departing within 15 minutes of scheduled time, was at 71.6% in December, delays being mainly due to challenging weather conditions at several European airports.

Canada Jetlines partners with Boom Group

Canada Jetlines, the new, all-Canadian, leisure airline, has confirmed a partnership with Boom Group (BOOM), Western Canada’s leading employee and member rewards platform. Through this alliance, travellers will have the ability to enrol through the BOOM Rewards’ platform to purchase flights at a preferred rate, on all current and future routes via Canada Jetlines’ international network.

The BOOM platform powers the leading membership rewards and loyalty programme, allowing member companies to engage, grow, and create unique experiences for members. News of the partnership is shared following Canada Jetlines’ addition of two new routes, including Las Vegas, and Melbourne/Orlando, Florida, in addition to a second aircraft to the carrier’s growing fleet.
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Tamar Jorssen
Vice President Sales & Business Development
Email: [email protected]
Phone: +1 (788) 213 8543
Tamar