Reading Time: 2 minutes Employees of Alaska Air Group companies Alaska Airlines, Virgin America and Horizon Air are receiving $118 million in incentive bonuses. For most employees, this equates to an average of more than 7 percent of their annual pay in 2017. In addition, 23,000 Air Group employees will receive a one-time $1,000 bonus on Jan. 29 from […]
Reading Time: 2 minutes Alaska Airlines and Virgin America have been granted a single operating certificate by FAA, a key milestone in the integration of the two carriers. Seattle-based Alaska Air Group, parent of Alaska Airlines, acquired San Francisco-based Virgin America for $2.6 billion in cash and $1.4 billion in assumed debt in late 2016. Alaska cautioned that passengers […]
Reading Time: 2 minutes Airbus has delivered the first-ever A321neo. The latest generation aircraft powered by CFM International’s LEAP-1A engines was handed over to U.S. airline Virgin America, an all-Airbus operator, at a ceremony in Hamburg, Germany. “After Virgin America having been the first customer signing for the A320neo back in December 2010, we are delighted to deliver the […]
Reading Time: 2 minutes Three months after its acquisition of Virgin America, Alaska Airlines is growing its Bay Area footprint, adding 13 new nonstop markets from San Francisco International Airport and Mineta San Jose International Airport. The routes mark the single largest new market announcement in Alaska Airlines history. With the additional flights, Alaska Airlines and Virgin America will […]
Reading Time: 6 minutes AirlineRatings.com the world’s foremost safety and product rating website has selected Air New Zealand as its 2017 Airline of the Year for the fourth consecutive year. AirlineRatings.com celebrates and promotes excellence in the airline industry and the pinnacle of these efforts is its Airline Excellence Awards. Winners include: Etihad Airways, Virgin Australia, Emirates, Qantas, Singapore […]
Reading Time: < 1 minute Virgin America reported a $51.8 million net profit for the 2016 third quarter, down 27.9% from a $71.9 million net profit in 3Q 2015. During the quarter, the San Francisco-based carrier reportedly incurred $1.6 million in legal and professional costs related to the merger agreement with Seattle-based Alaska Air Group. Virgin America’s stockholders approved the […]
Reading Time: 2 minutes Alaska Air has agreed to buy Virgin America for USD$2.6 billion in cash to its boost its operation on the US West Coast and compete more effectively with larger airlines. At USD$57 a share, the deal represents a premium of about 86 percent from Virgin America’s stock price before reports in March that the company […]
Reading Time: 3 minutes This week, the Financial Times looked at the purportedly novel idea that Ryanair and easyJet may try to cooperate with legacy carriers to transfer passengers. This would be news for those two airlines, but it’s not a surprise. While it’s certainly not something without precedent, this plan is a little different. It’s going to be […]