Thurs, May 23, 2024: JetBlue Makes a Friend Across The Pond

In today’s issue: JetBlue makes a friend across the pond, Turkish has a strong Q1, The FAA pulls no punches, and Southwest gets with the times.

Another light news day, but let’s dive in.

NEWS ROUNDUP

πŸ”΅Making friends πŸ€: JetBlue and British Airways are seeking approval from the DOT to codeshare on select flights. Under the proposed codeshare, BA will place its code on 39 domestic routes from NYC, and 36 domestic routes from Boston. In turn, JetBlue will place its code on 17 BA flights within Europe from LHR.

Though the motive behind the move is not entirely clear, JetBlue could probably use some extra feed at Heathrow. Meanwhile, BA's JV partner American is focused on the Sunbelt at the moment, and trails several other carriers in terms of capacity in both New York and Boston.

πŸ”΅Could it really be πŸ˜²: Southwest Airlines flights will now appear on Google Flights. Historically, the airline sold tickets exclusively through its website, avoiding third-party platforms like OTAs and search engines. For now, Southwest's fares are not appearing on any other search engine or OTAs, though the airline did leave the door open on that front.

πŸ”΅The aftermath: Following the tragic incident onboard a Singapore Airlines flight from London to Singapore earlier this week, the airline's CEO apologized and promised to continue offering support to all those affected. It was also announced that the NTSB will be sending an accredited representative along with four technical advisors to support the investigation.

πŸ”΅12 in a row πŸ‘: Turkish Airlines posted their 12th straight profitable quarter in Q1, with revenue increasing 9.6%, to $4.77 billion and a net profit of $226 million. Notably, the airline saw a 27% jump in freight revenue which it attributed to strong e-commerce activity. Meanwhile, passenger revenue increased less than 5% despite an 8% rise in passengers carried. Additionally, passenger revenue per available seat kilometer declined 7% YoY, though some of that was due to fluctuations in exchange rates.

πŸ”΅Trading blame πŸ”„: Airlines for America, the trade group for major US airlines, urged the government on Tuesday to address the long-standing ATC staffing shortage ahead of the summer travel season. In response, the FAA was quick to accuse the group of trying to deflect responsibility for flight delays. In March, President Biden announced he was seeking funding from Congress to hire another 2,000 air traffic controllers in the 2025 budget year after a series of near-miss incidents.

πŸ“– THINGS I’M READING

πŸ”΅The airline and travel consulting firm IdeaWorksCompany put out a report diving deep into the economics behind airline lounges. Among plenty of other insights, the report revealed that roughly 40% of lounge visits come from credit cards, and a single lounge can cost up to $100 million to build. View From The Wing has a summary here, and you can see the original report here.

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