Spirit swings to a loss with expenses up 60%+ YoY. Big expansion underway this year, w capacity up as much as 22% vs. 2022. Here's Q1 guide: $SAVE
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Leslie Josephs
@lesliejosephs
New YorkJoined April 2012
Leslie Josephs’s Tweets
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U.S. adds 517,000 jobs vs 187,000 expected in... "challenging economic conditions"
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Ticketmaster braces for Beyoncé‘s ‘Renaissance’ tour amid fears of Taylor Swift-level demand reports
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Why never a groundhog prediction on airline meltdowns?
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My first take on Ferrari's Q4 and 2022 results. (TL;DR: Great quarter, guys. Also great guidance.) $RACE
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JetBlue ground ops workers vote against union representation by IAM.
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Beyonce hits the road. All eyes on Ticketmaster again.
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Delta's free Wi-Fi starts today after years of planning. Singapore Airlines also rolling out free Wi-Fi for biz class; loyalty program members get 3 hours free in premium econ and 2 hours in standard econ. Background:
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Consumer Financial Protection Bureau targets excessive credit card fees in new rule proposal
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Soooo, how did people do with United status for the coming year?
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Today is also the last day for airline employees to use Delta's SkyClubs while nonrevving.
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New month, new lounge policies. Centurion starts charging Amex Plat holders $50 per guest, Delta Sky Club members can't get in on basic econ tix unless they have benefit through Amex Plat. Background airlines are cracking down on elite and lounge crowds:
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Hundreds more flights canceled in Dallas-Fort Worth, nearly 70% of DFW flights scrubbed. has an ice storm warning in effect for the area.
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This afternoon, Boeing will hand over the last 747 it’s ever produced, ending a more than half-century chapter for the jumbojet though the planes will likely still fly for decades.
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As soon as the games were over Southwest announced its ramped up service to Phx. Background (from 2020) on airlines targeting high revenue special events: cnbc.com/2020/01/06/air
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My first feature story for ! I looked into how the viral horror film "Skinamarink" made over $1.5 million at the box office in its first two weeks, despite a production budget of just $15,000.
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COO Watterson says hiring will be lower this year vs last in every group except pilots
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LUV: Actually, "We continue to see no noticeable signs of a slowdown in macro travel demand and our booking trends" this year, Southwest chief commercial officer Ryan Green says. Airline earlier noted some cancellations and weaker bookings until March after the holiday meltdown.
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LUV: Actually, "We continue to see no noticeable signs of a slowdown in macro travel demand and our booking trends" this year, Southwest chief commercial officer Ryan Green says. Airline earlier noted some cancellations and weaker bookings until March after the holiday meltdown.
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JetBlue CFO Ursula Hurley tells staff that ancillary revenue, "which has a high profit margin – currently stands at more than $50 per Customer." Airline forecast Q1 loss and full-year profit, first time since 2019. And here's a very handy cost graphic from $JBLU
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Cargo conversions get even bigger
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Mammoth Freighters is pleased to announce our 777-300ER conformity airplane has been inducted and will commence initial preparations for flight testing and conversion. This aircraft will be the first of six conversions headed to our launch customer, AviaAM Leasing.
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Contracted biz travel is ~75% recovered from pandemic revenue-wise "and we don't presume that it grows" much more than that, American Airlines CCO Vasu Raja, non contracted biz travel is totally recovered, he says.
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You guys, airlines are comparing results to last year, not 2019
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JetBlue posted a $24mn Q4 net profit, and a $362 full-year 2022 loss.
Revenues were up 18% y/3y to $2.4bn. RASM was up 21%, on a CASM ex increase of 10%. $JBLU
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“Thus far in January 2023, the Company has experienced an increase in flight cancellations and a deceleration in bookings, primarily for January and February 2023 travel, which are assumed to be associated with the operational disruptions in December 2022"
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Southwest swung to a $220 million loss last quarter after the holiday meltdown and expects to lose money in Q1 based on current "revenue and booking trends." $LUV cnbc.com/2023/01/25/sou
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Southwest swung to a $220 million loss last quarter after the holiday meltdown and expects to lose money in Q1 based on current "revenue and booking trends." $LUV
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Boeing CEO Dave Calhoun says the company has had "no trouble hiring people." He said throughout the supply chain the challenge is mostly training, not hiring. $BA
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Has anyone see an airline baggage fee drop with oil prices? Inflation is cooling but high prices for many items and services are sticking around report in this must-read.
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Walmart is raising minimum wages for store employees 17% to $14 an hour in tight labor market reports. Company says the wage hikes will be part of many employees’ annual increases.
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cnbc.com/2023/01/24/che Chewy has been offering vet telehealth since 2020 but its doctors can't prescribe meds or diagnose conditions b/c state and federal law prohibits it. Chewy funds an advocacy group that's trying to change those laws and vets are worried pets could be harmed
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This challenging economic environment is really something
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Southwest pilots will get ~$45 million in additional pay for the airline's holiday meltdown, says. $LUV
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Is it a “challenging economic environment” or did biz leaders plan for short term and consumers aren’t flocking to their product? Also, how could anyone question why (younger people especially) job hop if after a hiring spree many are just shedded?
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Ya know, the usual January ground stop at JFK for thunderstorms
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I heard the place is overrated….cloudy
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