First Time Private Aviation Travelers Rise as Commercial Airlines Continue to Cut-back. Summer of 2020 is coming to its end. Sad to see that the airports are no longer the same lively and thriving cornerstones of our nation with million of flying passengers on a daily basis. The skies are a little more clear as…
National Aviation Day https://videopress.com/v/9b4XAny4?autoPlay=true&posterUrl=https%3A%2F%2Fairmarketgroup.files.wordpress.com%2F2020%2F08%2Fcover.jpg&preloadContent=metadata Sign up for our Weekly Newsletter Recent posts Click to learn more about Air Market Group Learn More
Commercial air travel market down by over 80% Airports have become the new ghost towns as shops have closed down, check-in counters are now collecting dust and runways are closed down to make for extra room for parking of aircraft. The aviation industry has taken a dramatic hit from the global pandemic outbreak that has…
Alaska Airlines Accepts New Private Loan of $1.2 Billion Weeks Before Earnings Alaska Airlines (ALK) plans to use 26 Boeing 737-800s, 16 Boeing 737-900ERs and 19 of their new Embraer 175s. The details of the deal stated that the aircraft will remain encumbered until the entirety of the debt is repaid. It will not be…
Airlines Announce New Health Requirement On June 29th, 2020 In Washington, Airlines for America (A4A) announced that its member carriers are going to voluntarily implement temporary health acknowledgment policies for passengers travel as an additional level of mitigation to prevent the spread of the novel coronavirus pandemic. Over the past few weeks as travel rates…
JetBlue, New York’s Hometown Airline®, will expand its successful Mint service Jetblue (NASDAQ: JBLU) is making progress towards restructuring its routes in efforts to redefine their network. A recent addition to Jetblue's service line is their new Mint product. Combining the amiable and friendly service that jetBlue is known for with Lie-Flat seats, artisan dining…
Boeing Cancellations Outnumber New Orders The market for new aircraft is quickly changing as the future travel demand figures are being readjusted. Although it is very present that the most immediate future of travel plans have certainly been affected, many airlines are looking for the future as they plan how many aircraft will be needed…
Aircraft Leasing Companies Expand Credit Lines Air Lease Corporations (NYSE: AL) during their first Quarter results spoke of adjustments that have been made to adjust to the unprecedented impact to the airline and aerospace industry. Air Lease Corporations (ALC) (NYSE: AL) First Quarter financials were released on May 7th 2020. They reported a revenue of…
Successful First Flight for Cessna SkyCourier Textron Aviation Inc., a Textron Inc (NYSE: TXT) company celebrates the successful first flight of their brand new Cessna Skycourier. This brand new utility turboprop marks a major move in the direction of bring new aircraft to the current market. The flight test was the first of many that…
U.S receives 2 million face masks from South Korea In Seoul on May 11th, 2020 the Government of South Korea sends a National Air Cargo, Boeing 747 with 2 Million masks to the United States. The masks were given to help fight against the coronavirus, stated the foreign ministry. President Moon Jae-in of South Korea…
Airlines prepare for Q1 2020 earnings release Today is May 4th, 2020. The world has been in Lockdown since mid-March and many individuals and organizations are eager to get back out in the world and begin operations as normal again. Although many fear that normal may take years to return back to, studies show that…
Top 5 Traded Airline Stocks The Airline Industry has been directly affected as a result of the global travel restrictions to slow down the spreading of COVID-19. Many airlines have been unable to keep their doors open with lack of cash on hand to hold out through the storm. As the entire market experiences a…
This post has been revised after publishing Delta Air Lines Announces Webcast ATLANTA, April 15, 2020 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss March quarter 2020 financial results at 10:00 a.m. ET, Wed., April 22, 2020. A live webcast of this event will be available at ir.delta.com. An online replay will…
Over 275 applied for Aviation Grants, 90% of the package is going to these 6 airlines. Part of the $2.3 trillion dollars in the CARES Act, includes a substantial grant to be provided to passenger airlines. A total of $25 Billion in cash grants will be allocated specifically for the purpose of payroll. Cargo Carries…
Jet-A Oversupply Beneficial to Cargo Airlines Oil has been to record lows during the last few weeks. This has been going on simultaneously along with the economic downturn due to the Coronavirus (COVID-19) outbreak. It has been a serious of events which have lead us to where we are currently today with out oil prices…
National Airlines Providing Emergency Relief Supplies On Thursday, April 2nd, The Columbus Regional Airport Authority (CRAA) and the Federal Emergency Management Agency (FEMA) confirmed that the National Airlines Boeing 747 arrived around 6 a.m. local time. The cargo on board included essential personal protective equipment to help fight the spread of the novel COVID-19 virus…
Airlines Stocks Spike Up On the Opening Bell At the time of writing this article every single stock in the S&P 500 is up today which is something that has not occurred once in the last few weeks. The next few weeks will certainly shape how we are going to be able to respond to…
Korean Airlines Grounds 70% of Fleet Korean Airlines is on the front-line of the area of the world experience some of the greatest negative affects due to Covid-19 outbreak. Korean Air last week expressed its struggles as a passenger airline which operates in a country which is banned for entry by a wide array of…
Cargo Airlines Continue to Fly to China The Coronavirus has certainly shaken the aviation industry over the last few weeks. The first companies to see an immediate affect was the commercial airlines. With restrictions of travelling within certain areas of China in addition to tourism rates dropping down due to lack of demand the airlines…
Welcome Boeing's New CEO Today on January 13th, 2020, The Boeing Company welcomes in their new CEO David L. Calhoun to the office to take on the role after Dennis Muilenburg resigned. He has had a strong history of working in this industry from his start with working with General Electric (NYSE: GE) for the…
