CASM | Jotup

Sun Country Airlines Reports First Quarter 2024 Results

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화요일, 5월 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.

Air Canada Reports First Quarter 2024 Financial Results

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목요일, 5월 2, 2024

ASM, Atmosphere of Earth, Investment, S&P Global Ratings, News, Travel, Depreciation, Growth, Information technology, CASM, Environment, Air Canada, Tax, Ratio, Boeing, GAAP, Airline

Leverage ratio* of 0.9 as at March 31, 2024

Key Points:

Leverage ratio* of 0.9 as at March 31, 2024
Reiterating 2024 guidance for capacity, adjusted CASM* and adjusted EBITDA*
MONTREAL, May 2, 2024 /PRNewswire/ - Air Canada today reported its first quarter 2024 financial results.
"Air Canada's solid first quarter results position our airline for a strong performance in 2024.
For the second quarter of 2024, Air Canada plans to increase its ASM capacity by about 7% from the same quarter in 2023.
Air Canada is reiterating the full year 2024 guidance provided in its news release dated February 16, 2024, as described below.

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

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화요일, 4월 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.

Birmingham Fastener Expands Footprint With Facility in Mexico

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화요일, 3월 19, 2024

Birmingham Fastener, a full-service manufacturer and distributor of high-quality specialty fasteners, is expanding to Mexico with the opening of a facility in Querétaro City this month.

Key Points:

Birmingham Fastener, a full-service manufacturer and distributor of high-quality specialty fasteners, is expanding to Mexico with the opening of a facility in Querétaro City this month.
Commercial and Aerospace Supply de Mexico S. de R.L de C.V. (CASM) will operate as a wholly owned subsidiary of Birmingham Fastener, with support – including inventory supply – from Alabama Aerospace, Birmingham Fastener’s aerospace and defense branch.
“We are excited about Mexico being our first location outside of the U.S.,” says Brad Tinney, president and CEO of Birmingham Fastener.
He has 19 years of fastener experience and most recently served as Birmingham Fastener’s outside representative in Mexico.

Bishop Fox Launches Fully Managed, Full Spectrum Application Penetration Testing Service

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목요일, 2월 29, 2024

Cosmos, Vacuum, Bishop, CAPT, Weather, CASM, Organization, Ecosystem, Risk management

Cosmos Application Penetration Testing (CAPT) is a service that combines rigorous, expert-driven testing and validation, with on demand, technology-enabled assessment and analysis.

Key Points:

Cosmos Application Penetration Testing (CAPT) is a service that combines rigorous, expert-driven testing and validation, with on demand, technology-enabled assessment and analysis.
The service delivers authenticated testing through a user-friendly interface to uncover high-risk exposures, real-time insights, and continuing threat surveillance.
These reasons and more underscore that a different model for application penetration testing is required.
Bishop Fox’s new CAPT service answers this call, from application discovery and prioritized testing, to vulnerability assessment and remediation, to ongoing vigilance.

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

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월요일, 2월 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.

Sun Country Airlines Reports Fourth Quarter and Full Year 2023 Results

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수요일, 1월 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.

Schaeffler is "Making Next Possible" at CES 2024

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월요일, 1월 8, 2024

RHA, Family, Invention, University, Consumer Electronics Show, School, Student, Vertical, Motion, AI, DPMA, Patent, Torque, CASM, EUR, Transport, CES, Safety, CO2, German, Algorithm, Automation, Electric motor

FORT MILL, S.C., Jan. 8, 2024 /PRNewswire/ -- Schaeffler, a pioneering force in the field of motion technology, is returning to the Consumer Electronics Show (CES) in 2024 to demonstrate its most advanced motion technologies for the automotive, industrial and aerospace markets. The company's experiential exhibit will be located in the Central Plaza, booth CP-15, at the Las Vegas Convention Center from January 9-12, 2024.

Key Points:

The company's experiential exhibit will be located in the Central Plaza, booth CP-15, at the Las Vegas Convention Center from January 9-12, 2024.
"CES serves as a unique platform to engage with the industry and showcase our latest technologies that drive, energize and generate motion."
Battery packs will be on display at CES 2024 as part of Schaeffler's medium-duty truck demonstrator.
Schaeffler is developing a range of mechatronics applications and will exhibit several examples of actuator innovations at CES 2024.

Sun Country Airlines Reports Third Quarter 2023 Results

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화요일, 11월 7, 2023

ASMS, Amazon, CASM, GAAP, Toronto, Sun Country Airlines, Airline, Video game

MINNEAPOLIS, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its third quarter ended September 30, 2023.

Key Points:

Charter block hours under long-term contracts comprised 82.2% of the total charter flying performed in the third quarter of 2023.
For the third quarter of 2023, the Company reported total revenue of $249 million, which was 12.3% more than the third quarter of 2022.
The third quarter 2023 total fare per scheduled passenger of $153 was lower than third quarter 2022 by 8.7% as scheduled service revenue passengers grew 19.9%.
In the third quarter of 2023, cargo revenue was $26 million, a 10.0% increase versus the third quarter of 2022.

Volaris Reports Financial Results for the Third Quarter 2023

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수요일, 10월 25, 2023

Sale, LTM, CASM, ASMS, ADS, Investment, Aircraft, EBITDAR, Bank, Video game, Airline, Textile

Total operating revenues in the quarter were $848 million, a 10% increase driven by robust demand across our network and a rise in ancillary revenue per passenger.

Key Points:

Total operating revenues in the quarter were $848 million, a 10% increase driven by robust demand across our network and a rise in ancillary revenue per passenger.
The load factor for the quarter reached 86.4%, representing an increase of 0.7 percentage points compared to the same period in 2022.
Total operating expenses in the quarter were $809 million, representing 95% of total operating revenue, remaining consistent with the same quarter in 2022.
Net debt-to-LTM EBITDAR6 ratio stood at 3.5 times, in line with the second quarter of 2023 and 0.4 times lower when compared to the end of 2022.