Hello to all on this rather sunny Sunday here at the Worldwide Headquarters.
PlaneBusiness Banter is posted a bit early this week, as yours truly is headed West to the Valley of the Sun later today. It’s time for the 28th Annual ISTAT Conference and this year it is being held in Scottsdale, AZ. What is ISTAT you ask? It is the trade association for those who make their living leasing, buying, and selling airplanes. You know, those metal things we voluntarily put ourselves into from time to time.
I heard last week that there were already 1600+ attendees registered for the event this year. Amazing. I remember when I was on a panel discussion at the event in 1998 and they thought it was good when they had about 400 folks show up in Boca Raton.
It’s always one of our favorite industry events to attend. I’m looking forward to it.
Yes, there was an earthquake that hit Japan last week. We talk this week a bit about how that has affected not only the Japanese airline industry, but how major international airlines who fly to Japan have been affected as well.
We’re also talking about the latest DOT Air Travel Consumer numbers. January was a very good month for the airlines — and their passengers. Except for one glaring category. Guess which one that was. And yes, it’s directly related to the DOT’s Three-Hour Rule.
Airline stocks had a very good week last week, as investors shrugged off concerns over higher fuel prices — but yet another fare increase that American Airlines tried to put into place failed as the week ended.
Spirit Airlines is up to no good again — as the airline rolled out a “Charlie Sheen” inspired ad. Meanwhile Allegiant Air is proposing a “variable rate” fare which would be finalized on the day of departure — based on that day’s fuel cost.
We talk a lot about airplanes and Wi-Fi this week. Will Boeing announce a new twin-aisle narrow body at the Paris Air Show this year? Is Wi-Fi making some Honeywell instruments go haywire in Boeing 737s? Did Aircell just blow up Row 44’s chance at long-term survival?
Never a dull moment around here.
All that — and more — in this week’s issue of PlaneBusiness Banter.