Other Industry News
Toyota pumped nearly $400mm into eVTOL startup Joby as part of the latest funding round. It is the latest air electric air taxi company to make big news in the early days of 2020, though progress in deployments is likely to initially occur outside the USA owing to regulatory challenges.
Delta Air Lines closed out 2019 much the way it started the year. Revenue is up and costs are mostly under control. Perhaps most important, however, is that the company is seeing gains in premium revenue and the SkyMiles loyalty program.
Can airlines reasonably hedge against revenue uncertainty? Skytra, a wholly owned subsidiary of Airbus, wants to trade airline revenue futures as financial instruments, allowing carriers to hedge their revenue similar to fuel or currency expenses.
JetBlue will cut its Long Beach focus city to just 15 flights a day. The move is the latest in a shift of the airline's resources away from the west coast as it optimizes the route network and pushes for greater profitability.
Air Canada inaugurated service on its new A220-300 last week, the latest carrier to bring the type to passengers.