Airline Stocks – Route Network Update for JetBlue Airways
Cali regulator rejects Contour’s bid to serve Sacramento
23.02.2021 – 08:43 UTC
US regional airline Contour Airlines (LF, Tupelo) will continue to serve Oakland from Crescent City after the Border Coast Regional Airport Authority (BCRAA) turned down its proposal to change to Sacramento Int’l to take better advantage of its new interline agreement with American Airlines (AA, Dallas/Fort Worth), local media reports.
The Californian joint powers authority reached its decision after hearing from Contour Airlines Chief Executive Officer Matt Chaifetz, who said the Tennessee-based carrier was not pushing for a change, reports Wild Rivers Outpost.
It also follows a special BCRAA board meeting on February 18, 2021, during which the matter was discussed. According to the agenda notes, Contour Airlines did not advocate either hub and was neutral on whether one should be chosen over the other. The airline had merely presented Sacramento as an alternative option given its interline agreement with American Airlines (AA).
The board discussed that AA currently does not serve Oakland and that there is no ability for Contour’s passengers leaving Del Norte County Regional airport to connect…
Frontier Airlines to open Tampa base, plans for Atlanta
10.02.2021 – 02:43 UTC
Low-fare carrier Frontier Airlines (F9, Denver Int’l) will establish a crew base at Tampa Int’l in May 2021, and plans to open another one at Atlanta Hartsfield Jackson in late 2021.
“With our low-cost structure and focus on leisure travel, Frontier is exceptionally well-positioned to increase operations this year and continue to expand in these two growing markets,” Chief Executive Officer and president, Barry Biffle, said in a statement. He said 390 crew – 140 pilots and 250 flight attendants – would be based at Tampa by the end of 2021, with that number expected to increase in the future. The carrier’s plans at Atlanta will be announced in due course.
He said the airline expected good growth in routes serving both cities in 2021. Frontier currently offers nearly 20 nonstop routes from Tampa and more than 15 nonstop options from Atlanta, with a wide range of connections within Frontier’s domestic and international network.
“Any time we add a new crew base, it is an indicator of continued growth for our airline…
American Airlines receives another $3.1bn in payroll support
21.01.2021 – 14:33 UTC
American Airlines Group has secured at least USD3.09 billion from the US Treasury as part of the government’s Payroll Support Programme Extension Agreement (PSP2) to preserve jobs in the airline sector.
A first instalment of USD1.54 billion of the additional PSP2 payment was dispersed on January 15, 2021, to American Airlines and its subsidiaries Envoy Air, Piedmont Airlines, and PSA Airlines.
The pay-out was part of a USD6.1 billion first PSP2 payment by the Treasury to a number of benefiting airlines. In total, the Treasury has approved another USD12 billion in payroll support for passenger air carriers to support airline industry workers. This follows after the government passed a new relief bill at the end of December 2020 releasing additional funds to help companies pay salaries following the air traffic collapse caused by the pandemic.
To protect taxpayers, American Airlines, like other benefiting carriers, have agreed to issue warrants to the US Treasury to acquire shares in the airline at an exercise price of USD15.66 per share, as required under Section 408…
Airline Stocks – Route Network Update for JetBlue Airways
Tags: Airline Stocks
