Latest news with #A321LR
Globe and Mail
a day ago
- Business
- Globe and Mail
Stocks in play: Air Transat
Is strengthening its annual transatlantic network by extending its routes to Bordeaux (BOD) and Valencia (VLC) for the winter of 2025-2026. Previously offered only during the summer, these exclusive routes will now operate from February with a weekly non-stop flight from Montréal-Trudeau (YUL) aboard an Airbus A321LR. Air Transat shares are trading unchanged at $1.70.
Gulf Today
5 days ago
- Business
- Gulf Today
Etihad Airways reports record Q1 profit of Dhs685 million
Etihad Airways has delivered record-breaking financial performance and highest-ever customer satisfaction performance in the first quarter of 2025, building on last year's momentum with further notable improvements across revenue, operational efficiency, and fleet expansion. Profit after tax reached Dhs685 million ($187 million), marking a 30 per cent increase year-on-year, driven by robust passenger demand and operational efficiencies. Total revenue saw a 15 per cent rise compared to Q1, 2024, supported by both passenger and cargo business. Etihad continues to lead the region in passenger growth, carrying 5.0 million guests in Q1 2025 - a 16 per cent year-on-year increase - and maintaining strong momentum into Q2. With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the region. 'We are proud to deliver a record-breaking quarter - both in profitability and in guest satisfaction,' said Antonoaldo Neves, Chief Executive Officer of Etihad Airways. 'Achieving our highest-ever Q1 profit of Dhs685 million and our best-ever customer satisfaction scores reflects the strength of our business and the dedication of our people.' He added, 'We're executing a clear strategy: grow sustainably, operate efficiently, and never lose focus on delivering remarkable experiences to our guests. From continued refinements to our onboard offering to improved airport services and the debut of our A321LR with a market-leading narrowbody product, we're raising the bar in every part of the journey.
India Gazette
6 days ago
- Business
- India Gazette
Etihad Airways reports record profit for Q1 2025, 16% rise in passengers onboard
New Delhi [India] May 21 (ANI): The Abu Dhabi-based carrier Etihad Airways reported its first quarter results on Wednesday, where they reported a highest-ever first-quarter performance in both financial results and customer satisfaction.A news report by Gulf News says, Etihad Airways has reported a profit after tax (PAT) of AED 685 million (USD 187 million) in Q1 2025, marking a rise of 30 per cent increase compared to the same period last year. The rise is mainly driven by robust passenger demand and operational the company witnessed a 15 per cent rise in total revenue, as compared to same quarter last year, boosted by a positive performance in passenger and cargo on boarded 5 million passengers in first quarter of this year, which was about 16 per cent rise as compared to Q1 2024. 'With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the Middle East region,' the airline satisfaction also reached a record high in Q1 2025, with a 20 per cent year-on-year improvement. 'Gains were recorded across key touchpoints, including check-in, boarding, inflight service, food and beverage, Wi-Fi, and the updated website and mobile app. The quarter also saw the launch of new lounge and inflight menus, alongside upgraded service standards,' the company added.'We're executing a clear strategy: grow sustainably, operate efficiently, and never lose focus on delivering remarkable experiences to our guests. From continued refinements to our onboard offering to improved airport services and the debut of our A321LR with a market-leading narrowbody product, we're raising the bar in every part of the journey,' Antonoaldo Neves, Chief Executive Officer of Etihad Airways was quoted as saying by Gulf to the company, Fleet expansion boosted, with 98 aircraft in operation by the end of the quarter, including the reintroduction of Etihad's sixth A380. The operating fleet further grew in the month of April with the delivery of an additional A350-1000 in April. (ANI)
Al Etihad
7 days ago
- Business
- Al Etihad
Etihad Airways delivers record-breaking Q1 2025 results
21 May 2025 10:48 ABU DHABI (ALETIHAD)Etihad Airways has delivered record-breaking financial performance and the highest-ever customer satisfaction performance in the first quarter of 2025, building on last year's momentum with further notable improvements across revenue, operational efficiency, and fleet after tax reached Dh685 million ($187 million), marking a 30 per cent increase year-on-year, driven by robust passenger demand and operational efficiencies. Total revenue saw a 15 per cent rise compared to Q1 2024, supported by both passenger and cargo continues to lead the Middle East region in passenger growth, carrying 5 million guests in Q1 2025 – a 16 per cent year-on-year increase – and maintaining strong momentum into Q2. With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the Middle East satisfaction reached a record high in Q1 2025, with scores improving by 20 per cent year-on-year. Gains were recorded across key touchpoints, including check-in, boarding, inflight service, food and beverage, Wi-Fi, and the updated website and mobile app. The quarter also saw the launch of a new lounge and inflight menus, alongside upgraded service fleet continued to expand to support the guest experience. One additional A380 returned to service during the quarter, offering First Apartments and The Residence. In April, Etihad took delivery of another A350-1000, with another Boeing 787 Dreamliner to follow. These new aircraft feature ultra-high-speed Wi-Fi and updated inflight entertainment also advanced its premium offering, expanding First Class to more routes and preparing new ground and inflight services for rollout from August. In April, the airline introduced its new A321LR cabin, becoming the first in the Middle East region to offer First Class on a single-aisle aircraft. The cabin features exclusive private First suites and lie-flat Business seats, bringing widebody comfort to medium-haul routes. The broader First-class experience will include a new concierge service, private chauffeur transfers, dedicated check-in, meet-and-assist service, and baggage-free travel options in Abu Neves, Chief Executive Officer of Etihad Airways, said: 'We are proud to deliver a record-breaking quarter, both in profitability and in guest satisfaction. Achieving our highest-ever Q1 profit of AED685 million and our best-ever customer satisfaction scores reflects the strength of our business and the dedication of our people.'We're executing a clear strategy: grow sustainably, operate efficiently, and never lose focus on delivering remarkable experiences to our guests. From continued refinements to our onboard offering to improved airport services and the debut of our A321LR with a market-leading narrowbody product, we're raising the bar in every part of the journey.'Our network continues to expand with 16 new routes announced for 2025 and additional aircraft joining our fleet. As we grow, we remain disciplined and focused on quality, efficiency, and creating value for our customers and stakeholders.'Passenger revenue grew by 16 per cent reaching Dh5.5 billion ($1.5 billion), driven by increased capacity, continued network expansion and increased flight growth was boosted by a 14 per cent rise year-on-year in Available Seat Kilometres (ASK) and an improved passenger load factor of 87 per cent (+1 pp year-on-year). Fleet expansion accelerated, with 98 aircraft in operation by the end of the quarter, including the reintroduction of Etihad's sixth A380. The operating fleet further grew in April with the delivery of an additional A350-1000 in operated 80 destinations as of March 2025, with 16 new routes launching this year to support continued growth and broaden access to key global cargo yield led to cargo revenue growth of 8 per cent year-on-year, despite a 4 per cent reduction in strong operational performance is reflected in the EBITDA, which rose by 32 per cent year-on-year, reaching Dh1.4 billion ($ 379 million), boosting the EBITDA margin to 21 per cent (+3 pp compared to the same period of 2024).Further strengthening financial resilience, net leverage improved to 1.1x, down from 1.9x in March 2024, driven by scheduled debt repayments and strong cash generation. Cash flow from operations reached Dh1.8 billion ($500 million), reflecting an 11 per cent increase year-on-year. Source: Aletihad - Abu Dhabi
Cision Canada
08-05-2025
- Business
- Cision Canada
Heading to Guyana: Air Transat Announces a New Non-Stop Route Between Toronto and Georgetown Français
MONTREAL, May 8, 2025 /CNW/ - Air Transat, voted the 2024 World's Best Leisure Airline by Skytrax, is enhancing its winter program with the addition of a new non-stop route between Toronto-Pearson (YYZ) and Guyana's capital, Georgetown (GEO). This service will operate twice weekly, on Tuesdays and Fridays, from December 16, 2025, to April 24, 2026. "With this new route, we are expanding our presence in South America while optimizing the use of our aircraft," said Sebastian Ponce, Transat's Chief Revenue Officer. "This addition meets a strong demand from the Guyanese diaspora in Canada, while also tapping into a growing market and a leisure clientele curious to discover new destinations." The flights, launched in consultation with the Guyanese and Canadian authorities and subject to regulatory approvals, will be available for booking within the next few days. Air Transat will operate the new route with the A321LR, an aircraft renowned for its efficiency. Featuring ergonomic cabins and an advanced inflight entertainment system, the A321LR offers passengers a comfortable and pleasant flight experience. It is also equipped with Club Class seats, so passengers can enjoy a premium experience as they travel to their destination. Details of Air Transat's full winter 2025-2026 program will be announced soon. About Air Transat Founded in Montreal 37 years ago, Air Transat is a leading travel brand voted 2024 World's Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together. Air Transat is a business unit of Transat A.T. Inc. (TSX: TRZ).
