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Sun Country Airlines Reports First Quarter 2024 Results

Retrieved on:

火曜日, 5月 7, 2024

COVID, ASMS, CASM, Airport, Share repurchase, Aircraft, Sun Country Airlines, GAAP, Growth, Airline

MINNEAPOLIS, May 07, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its first quarter ended March 31, 2024.

Key Points:

For the first quarter of 2024, the Company reported total revenue of $311 million, which was 5.9% more than the first quarter of 2023.
The first quarter 2024 total fare per scheduled passenger of $196 was lower than first quarter 2023 by 11.3% as scheduled service revenue passengers grew 16.0%.
On a rate basis, first quarter 2024 charter revenue per block hour was 5.6% higher than the rate in the first quarter of 2023.
In the first quarter of 2024, cargo revenue was $24 million, a 2.5% increase versus the first quarter of 2023.

Dynacor Group: Veta Dorada Plant Receives International Cyanide Management Certification

Retrieved on:

木曜日, 5月 9, 2024

Mining, Minerals, Natural Resources, International Cyanide Management Code, Silver, Corporation, Certification, ASMS, Environment, Gold, ICMI

Dynacor Group Inc. (TSX-DNG) (Dynacor or the Corporation), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), announced today that the Veta Dorada plant, a subsidiary in Peru, was certified in compliance with the International Cyanide Management Code (Cyanide Code).

Key Points:

Dynacor Group Inc. (TSX-DNG) (Dynacor or the Corporation), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), announced today that the Veta Dorada plant, a subsidiary in Peru, was certified in compliance with the International Cyanide Management Code (Cyanide Code).
The certification was granted by the International Cyanide Management Institute (ICMI), a non-profit corporation established to administer the Cyanide Code and develop and provide information on responsible practices for handling cyanide.
“Our Veta Dorada subsidiary is the first company that processes gold ore acquired from ASMs (artisanal and small-scale miners) to obtain a successful certification, which fills us with pride.
“Thanks to the commitment of our team at the Veta Dorada subsidiary, we are part of the International Cyanide Management Code.

Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million

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火曜日, 4月 23, 2024

CASM, Pratt & Whitney, ASMS, AOG, ADS, Sale, Aircraft, LTM, Pressure, Investment, Airline

Income tax expense for the quarter was $14 million, compared to an income tax benefit of $25 million registered in the same period of 2023.

Key Points:

Income tax expense for the quarter was $14 million, compared to an income tax benefit of $25 million registered in the same period of 2023.
Net income in the quarter was $33 million, with an earnings per ADS of $0.29 cents.
The financial debt amounted to $642 million, while total lease liabilities stood at $3,021 million, resulting in a net debt of $2,8956 million.
Net debt-to-LTM EBITDAR6 ratio stood at 3.1x, compared to 3.3x in the previous quarter and 3.8x in the same period of 2023.

AGI Marshall, IL facility celebrates 3-years of no lost time incidents

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火曜日, 4月 16, 2024

Ag Growth International (“AGI”) announced that its Marshall, IL manufacturing facility has achieved a safety milestone with an impressive three-year record of no lost time incidents.

Key Points:

Ag Growth International (“AGI”) announced that its Marshall, IL manufacturing facility has achieved a safety milestone with an impressive three-year record of no lost time incidents.
(Photo: Business Wire)
“We are proud to present the Marshall, IL team with AGI’s Safety Standout Award, reflecting our global dedication to a safe workplace and aim for zero incidents,” states Paul Householder, AGI President & CEO.
Our team proactively addresses potential hazards without waiting for directives from supervisors,” says Joseph Roberts, AGI Marshall Plant Manager.
AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.

Volaris Reports March 2024 Traffic Results: 87% Load Factor

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木曜日, 4月 4, 2024

ASM, Revolutions per minute, Pratt & Whitney, BMV, VLRS, ULCC, Yoy, ASMS, Volaris, Airline

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its March 2024 preliminary traffic results.

Key Points:

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its March 2024 preliminary traffic results.
In March 2024, Volaris' ASM capacity decreased by 15.8% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings.
However, load factor increased by 1.3 pp YoY to 86.8%, as RPMs decreased by less than capacity.
Throughout the quarter, we achieved a robust load factor, with a well-balanced market mix aimed at maximizing profitability.”

Volaris Reports February 2024 Traffic Results: 86% Load Factor

Retrieved on:

水曜日, 3月 6, 2024

CITY, Pratt & Whitney, ASM, ULCC, BMV, Revolutions per minute, ASMS, Yoy, Volaris, VLRS, Airline

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its February 2024 preliminary traffic results.

Key Points:

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its February 2024 preliminary traffic results.
In February 2024, Volaris' ASM capacity decreased by 13.7% year-over-year due to the extraordinary Pratt & Whitney engine accelerated inspections and the resulting aircraft groundings.
RPMs decreased by 10.9%, resulting in a load factor increase of 2.8 pp YoY to 85.9%.
Moreover, a robust load factor was achieved in February, exceeding the average for such a low-season month.

Volaris Reports Financial Results for the Fourth Quarter 2023: Net Income of USD $112 million

Retrieved on:

月曜日, 2月 26, 2024

LTM, Investment, ADS, Pratt & Whitney, Volaris, CASM, ASMS, Airline

Total operating expenses in the quarter were $735 million, representing 82% of total operating revenue, compared to 93% in the fourth quarter of 2022.

Key Points:

Total operating expenses in the quarter were $735 million, representing 82% of total operating revenue, compared to 93% in the fourth quarter of 2022.
Income tax expense for the quarter was $17 million, compared to $44 million registered in the same period of 2022.
Net cash flow provided by operating activities was $730 million, while cash used in investing and
financing activities were $462 million and $214 million, respectively.
The financial debt amounted to $653 million, while total lease liabilities stood at $2,906 million, bringing the net debt to $2,770 million.

Frontier Airlines Reports Fourth Quarter 2023 Financial Results

Retrieved on:

火曜日, 2月 6, 2024

Security (finance), VFR, Growth, GAAP, Airbus A320neo family, Visiting friends and relatives, Friends, Public expenditure, ASMS, Risk, Relatives

During the fourth quarter of 2023, Frontier generated 105 ASMs per gallon, a 3 percent improvement compared to the 2022 quarter.

Key Points:

During the fourth quarter of 2023, Frontier generated 105 ASMs per gallon, a 3 percent improvement compared to the 2022 quarter.
Frontier took delivery of four A321neo aircraft during the fourth quarter of 2023, increasing the proportion of the fleet comprised of the more fuel-efficient A320neo family aircraft to 79 percent as of December 31, 2023, the highest of all major U.S. carriers.
The A321neo is expected to unlock meaningful scale efficiencies by way of fuel savings and higher average seats per departure.
Capacity is anticipated to grow 5 to 7 percent compared to the 2023 quarter.

Sun Country Airlines Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

水曜日, 1月 31, 2024

EPS, Growth, GAAP, Sun Country Airlines, Amazon, Marketing, ASMS, Aviation, Boeing 737 Next Generation, CASM, Aircraft, Airline

MINNEAPOLIS, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its fourth quarter and full year ended December 31, 2023.

Key Points:

For the fourth quarter of 2023, the Company reported total revenue of $245.5 million, which was 8.1% more than the fourth quarter of 2022.
The fourth quarter 2023 total fare per passenger of $156.39 was less than fourth quarter 2022 by 11.8% while scheduled load factor of 84.7% was little changed versus last year.
In the fourth quarter of 2023, cargo revenue was $25.3 million, a 3.6% increase versus the fourth quarter of 2022.
This combination drove adjusted CASM(3) in the fourth quarter lower by 2.2% versus the fourth quarter 2022.

Longboard Pharmaceuticals Announces Positive Topline Data from the PACIFIC Study, a Phase 1b/2a Clinical Trial, for Bexicaserin (LP352) in Participants with Developmental and Epileptic Encephalopathies (DEEs)

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火曜日, 1月 2, 2024

Of the 52 participants enrolled in the study, 43 participants were randomized to bexicaserin (DS=4, LGS=24, DEE Other=15) and 9 to placebo (DS=0, LGS=5, DEE Other=4).

Key Points:

Of the 52 participants enrolled in the study, 43 participants were randomized to bexicaserin (DS=4, LGS=24, DEE Other=15) and 9 to placebo (DS=0, LGS=5, DEE Other=4).
The median number of countable motor seizures per 28-day period at baseline was 38.8 in the bexicaserin group compared to 20.8 in the placebo group.
Most participants (85.7%) in the bexicaserin treated group (n=35) that started the maintenance period tolerated the highest dose (12 mg).
100% of the participants who completed the PACIFIC Study elected to enroll in the ongoing 52-week open-label extension study.