News and notes from around the interweb:
- Literally being forced to take an all expenses paid vacation.
- Court rules no fly list procedures are unconstitutional
- Analyst says United should shutter its Washington Dulles hub. They seriously looked at this a decade ago during bankruptcy.
- British Airways will apparently launch a 50% off redemption sale starting Monday for most economy flights originating in the U.K. ticketed by July 13 and travel between October 1 and February 28 (December 18 – January 10 excluded).
- Which foreign airlines receive the biggest loan subsidies from the U.S. Export-Import Bank to buy aircraft?
Ryanair has received more than $6 billion in guaranteed financing. Air India, Korean Air and Latam Airlines, a Latin American carrier, have also received more than the $3.9 billion in guarantees that Emirates has obtained for buying Boeing jets.
- American and United earn a revenue premium over Delta, Virgin America, and JetBlue on the most important US domestic route.
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The “Which foreign airlines receive the biggest loan subsidies” title is backwards. Should be looking at which company (that would be Boeing) benefits from these loans the most. Airlines can default on these same as any other, it’s the company collecting it that benefits.
FlyingBear: Guaranteed loans mean lower risk and thus lower finance charges. This means lower cost for the airlines (as well as a better chance for boeing to compete vs. Airbus.) Boeing benefits the most, but there’s a big benefit to the carriers as well.
zippy chance i’m flying to EWR to fly to Europe, but i wouldn’t mind dulles non-stops being filled by not-United