Qatar Airways signs SAF deal with Gevo
October 26, 2022
Qatar Airways has agreed to purchase 25 million gallons of sustainable aviation fuel from US producer Gevo, starting 2028, as part of emissions-reduction plans. The Middle Eastern carrier will receive the deliveries over five years at "various airports" across California, it says, and will blend the product with existing supplies of conventional jet fuel. Within the US state, it currently serves Los Angeles and San Francisco. "Qatar Airways continues to prioritise our commitment to net-zero flying by the middle of this century," states group chief executive Akbar Al Baker. "Decarbonising aviation requires a gradual incorporation of lower carbon and sustainable aviation fuels, and we are proud to collaborate on this global effort for a better future." The airline intends to replace a tenth of its conventional jet fuel needs with SAF by 2030, a commitment shared with other Oneworld carriers. Members of the alliance had previously agreed to purchase 200 million US gallons of SAF from Gevo ."By working with farmers on regenerative agricultural practices, Gevo can sustainability source feedstock to produce sustainable aviation fuel, while also increasing soil health, sequestering carbon, and providing nutritional products to the food chain," states Gevo chief executive Patrick Gruber.
Volaris' operating income falls 78% in third quarter
October 25, 2022
Volaris made an operating income of $35 million in the third quarter, down 78% from $156 million during the same period a year ago. The Mexican carrier says its operating revenue grew 20% year on year to $769 million, driven by higher capacity, strong load factors and seasonality. Net income fell 47% to $40 million. Total operating expenses grew 52% to 734 million, driven by higher fuel costs and major maintenance, the airline says. "We have consistently anticipated strong demand in our visiting friends-and-relatives and leisure markets which show no signs of a slowdown. Our strategically planned growth has been both consistent and profitable," Volaris chief executive Enrique Beltranena says. Volaris carried more than 8.1 million passengers in the quarter, an increase of 22% year on year. Domestic and international passengers increased 23% and 20%, respectively, it says. Capacity, as measured in available seat-miles, was boosted by 22%, while revenue passenger-miles also grew 22%. Load factor reached 86%, 0.2 percentage points higher than the same period in 2021. At 30 September, cash and cash equivalents were $750 million, representing 28% of the last 12 months' operating revenue. Volaris redelivered one Airbus A319ceo and introduced one new A320neo to its fleet during the quarter. As of 30 September, the airline had 113 aircraft in its fleet, including five A319s, 87 A320s and 21 A321s. It plans to end the year with approximately 116 aircraft.
Rex launches interline partnership with Delta
October 25, 2022
Australia's Regional Express has launched an interline service agreement with US carrier Delta Air Lines. The deal will allow Delta passengers from the USA, Canada and Mexico to access 58 Rex destinations in Australia, including Sydney, Brisbane, Melbourne, Adelaide, the Gold Coast, Coffs Harbour and Port Macquarie, the operator says. Meanwhile, Rex customers will be able to connect to 40 cities in the USA, it adds. Passengers will also be able to connect on Delta's daily flights between Sydney and Los Angeles, a frequency which will increase to 10 flights a week beginning 18 December. The route will be operated using Airbus 350 aircraft. Separately, Rex revealed that its domestic jet operations swung into profitability in September, the first time since resuming operations in February. "True to form, our domestic jet network passenger numbers for the first three months of this FY grew by 60%, 34% and 77% respectively when compared to June 2022," Rex executive chairman Lim Kim Hai states. "Revenue growth has been even stronger at 84%, 47%, and 137% for the same three months, suggesting significant yield improvements." Rex says it is actively looking for another two Boeing 737-800NG aircraft to expand its domestic jet services.