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Airlines

Kimberly Redmond | Equities.com |

Norwegian Air Shuttle ASA (OTC: NWARF) named Geir Karlsen as its new chief executive officer Monday, a day after the company’s board decided to immediately terminate the contract with former head Jacob Schram.

In a statement, Norwegian Air’s board chair Svein Harald Øygard said Karlen – the company’s chief financial officer – “has the competencies, focus, trust and dedication that makes him the best choice” to lead the Oslo-based airline.


Kimberly Redmond | Equities.com |

United Airlines will start requiring new hires to show proof that they have been vaccinated against COVID-19, making it the second major US air carrier to implement such a policy.

Under the new mandate, external candidates with job offers made after June 15, 2021, must upload their vaccination card into United’s system within seven days of joining the company — unless they qualify for a religious or medical accommodation, CNBC reported Monday.


Kimberly Redmond | Equities.com |

United Airlines announced Monday it is giving passengers a chance to win a year of free flights in exchange for getting vaccinated against COVID-19.

As part of the “Your Shot to Fly” sweepstakes, frequent fliers enrolled in the MileagePlus loyalty program who upload their vaccination records to United’s mobile app or website through June 22 are eligible to win a roundtrip flight for two passengers “to anywhere in the world United flies,” the Chicago-based airline said.


Reuters | Equities.com |

U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry.

The legislation, seen by Reuters, would impose a tax incentive of up to $2.00 for every gallon produced of sustainable aviation fuel, which can be made from feedstocks such as grease, animal fats and plant oils. That price would make it one of the most expensive subsidies for clean fuel.


AP News | Equities.com |

Air France-KLM is sending into the air what it calls its first long-haul flight with sustainable aviation fuel Tuesday. The plane is said to be using petroleum mixed with a synthetic jet fuel derived from waste cooking oils.

The company said the move toward sustainable aviation fuel or SAF is to support the creation of an industry that guarantees increasingly eco-responsible air transport. The jet is flying from Paris to Montreal, with a fuel mixture including 16% of sustainable fuel.


Reuters | Equities.com |

Air France-KLM sales are showing little sign so far of a travel upturn it still hopes to see by summer, the airline group said on Thursday, as it posted a wider first-quarter operating loss.

Air France-KLM said it expects to operate 50% of its pre-pandemic flight capacity in the second quarter under way, ramping up to 55% to 65% in July-September.


Reuters | Equities.com |

United Airlines said on Friday it was adding more than 480 daily flights to its U.S. schedule in June to meet summer travel demand that is expected to rise as more people receive COVID-19 vaccines.

Airlines are seeing an uptick in bookings as accelerated vaccination efforts encourage leisure travel with friends and family after months of pandemic-linked restrictions.


Reuters | Equities.com |

United Airlines on Monday reported a bigger-than-expected $2.4 billion adjusted net loss for the first quarter, as fuel costs rose and the airline operated fewer flights amid continued weak demand due to the COVID-19 pandemic.

Average fuel cost climbed nearly 30% to $1.74 per gallon in the quarter from the previous three months, while passenger traffic fell 52% compared to the same period in 2020. The World Health Organization did not declare COVID-19 a pandemic until near the end of the first quarter in 2020.


Kimberly Redmond | Equities.com |

Major UK-based passenger airlines are blasting the UK’s "traffic signal" plan to restart international travel, saying onerous testing and quarantine requirements will deter people from flying and further hurt an already struggling industry.

Under the system announced Friday by Transport Secretary Grant Shapps, destinations around the world would be color coded based on their COVID-19 risk level.


Reuters | Equities.com |

Southwest Airlines said on Thursday it is recalling over 2,700 flight attendants from leave to support its summer schedule, ending a voluntary furlough program introduced during the coronavirus pandemic as travel demand waned.

As more Americans become vaccinated, Southwest is among U.S. airlines signaling a recovery and trying to prepare for pent-up demand for domestic leisure travel.