Latest news with #discountcarrier
Bloomberg
6 days ago
- Business
- Bloomberg
Wizz Air Cuts Back Ambitious Airbus Deliveries to Control Costs
After years of international expansion and audacious aircraft orders, Wizz Air Holdings Plc is scaling back its growth ambitions as the discount carrier faces persistent cost pressure. The Hungarian airline is looking to slow deliveries from Airbus SE, cut back its A321 XLR order book and downsize its Middle East operations, Chief Executive Officer Jozsef Varadi said on Thursday in an interview. The carrier didn't provide guidance for fiscal 2026 in its earnings report, and the stock dropped as much as 10% in early trading.
Travel Weekly
16-07-2025
- Business
- Travel Weekly
Avelo Airlines will cease West Coast operations
Discount carrier Avelo Airlines will close its lone western base in Burbank, Calif., and halt West Coast operations. Avelo will further focus efforts on the East Coast, where its six remaining bases are located. Avelo said the current operating environment "will not deliver adequate financial returns in a highly competitive backdrop." "Despite the investment of significant time, resources and efforts, our West Coast operations have not produced the results necessary to continue our presence there," the airline said. The move out of Burbank is especially significant for Avelo, since it made the Los Angeles-area airport its initial operational base when launching service in April 2021. Avelo operated as many as 14 routes from Burbank and reached its frequency peak there in July 2024 with 190 departures, according to Cirium. This month, the airline is flying to eight destinations from Burbank: Eureka and Santa Rosa in California; Eugene, Medford, Bend and Salem in Oregon; Kalispell, Montana; and Pasco, Washington. Avelo also flies a Burbank-based aircraft between Las Vegas and Santa Rosa. The airline said it will reduce its Burbank flying from two aircraft to one on Aug. 12 before closing the base entirely on Dec. 2. The Las Vegas, Salem, Santa Rosa and Kalispell routes will end in August, followed by the remainder on Dec. 1 and Dec. 2. Avelo's largest base is in New Haven, Conn. The carrier also maintains bases in Raleigh-Durham, N.C.; Lakeland, Fla., Wilmington, Del.; Wilmington, N.C.; and Concord-Padgett Regional Airport, near Charlotte.
Bloomberg
07-07-2025
- Business
- Bloomberg
Banking, Booze and 007's Wheels: 10 Companies to Watch Right Now
The rapid growth of discount carrier Digi in Proximus' home market of Belgium is likely to be more disruptive for the telecommunications company than the market believes. Proximus' revenue and cash flow could disappoint for years as Digi expands after launching with mobile-service plans at two-thirds the incumbent's price and broadband that's 80% cheaper. —Erhan Gurses
Travel Weekly
30-06-2025
- Business
- Travel Weekly
Iceland's Play airline is exiting the U.S.
Icelandic discount carrier Play will operate its final U.S. flight on Oct. 24. Play, which begin U.S. operations in April 2022, will have by that point wound down to just one U.S. route, Baltimore-Reykjavik. Boston-Reykjavik service will halt on Sept. 15. Play flights connecting Reykjavik with New York Stewart (about 70 miles north of Manhattan), end Sept. 1, Cirium flight schedule data shows. Play CEO Einar Orn Olafsson. Photo Credit: Play Play's U.S. service peaked in the summers of 2023 and 2024 with daily flights on those three routes, plus daily Washington Dulles service from the Icelandic capital. The airline marketed those flights both for point-to-point service as well as for affordable one-stop connecting service between the U.S. and large northern European destinations. However, Play announced last fall that it would decrease service to North America and northern Europe, focusing on better-performing routes to southern Europe. This month Play is flying just 76 total U.S. frequencies, down a third from last year. Play has also already stopped service to Hamilton, Ontario, its lone Canada route, which it previously served as frequently as daily. In early June, Play announced that more drastic changes would be needed, including the cessation of U.S. flying and fewer northern European destinations. Play CEO Einar Orn Olafsson and board vice chairman Elias Skuli Skulason intend to buy-up the carrier's shares, turning it into a private company and delisting it from the Nasdaq Nordic exchange. The airline plans to lease out six of its Airbus narrowbody aircraft and operate the other four primarily between Iceland and southern Europe.
