Jin Air, a leading South Korean low-cost carrier, has expanded its fleet with the delivery of a Boeing 737-8, identified by serial number 63442. The aircraft is equipped with LEAP-1B engines, known for their exceptional fuel efficiency and environmental performance.
Allegiant Air, the ultra-low-cost carrier based in the United States, has amended its 2021 agreement with Boeing for the acquisition of 50 new B737 MAX aircraft. Under the revised terms, fewer deliveries will occur in 2024 and 2025, with the adjusted timeline scheduling the completion of all deliveries by the end of 2027.
IndiGo, India’s largest low-cost carrier, has announced the launch of a new route connecting Chennai (MAA) and Penang (PEN). The service is set to commence on December 21, 2024, further strengthening air connectivity between India and Malaysia.
Frontier Airlines, the U.S.-based ultra-low-cost carrier, has unveiled plans to introduce 16 new routes starting in February and March 2025. These new routes will connect 21 airports, expanding Frontier’s network and providing travelers with more affordable travel options. Among the new connections is the highly anticipated service from San Juan (Puerto Rico) to Antigua and Barbuda, catering to both leisure…
Eastar Jet, a South Korean low-cost carrier, has announced plans to commence a new service between Seoul Incheon (ICN) and Tokushima (TKS) in Japan. The route is scheduled to launch on December 26, 2024, marking another step in strengthening air connectivity between South Korea and Japan.
Wizz Air Malta, a subsidiary of the low-cost carrier Wizz Air, has added a brand-new Airbus A321neo to its fleet. The aircraft, identified by serial number AAA, is equipped with Pratt & Whitney PW1133G-JM engines, emphasizing the airline’s commitment to sustainability and efficiency.
Spirit Airlines, a prominent U.S.-based low-cost carrier, has been downgraded by S&P Global from ‘CCC’ to ‘D’following its Chapter 11 bankruptcy filing. The move reflects the airline’s financial struggles and the significant challenges it faces during its restructuring process. Additionally, the ratings on Spirit Airlines’ Enhanced Equipment Trust Certificates (EETCs) have been lowered by one notch.
JetSMART, the Chilean low-cost carrier, has expanded its fleet with the delivery of a new Airbus A320neo, serial number 12039. The aircraft is leased and features PW1127G-JM engines, known for their efficiency and environmental performance.
Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
T’way Air, a low-cost carrier based in South Korea, has reported its Q3 2024 financial results, showing a net loss of $2.2 million despite achieving a 14.5% year-over-year increase in sales to $281 million. The results highlight the challenges faced by the airline industry in balancing revenue growth with rising operational costs.
