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Breeze launched in May with a fleet of 13 Embraer aircraft. Photo Credit: Cean One Studios
When Breeze Airways took to the skies on May 27, that meant that two discount U.S. airlines launched in the spring that follows a devastating year for commercial aviation.
But while Breeze and the new Avelo Airlines doubtlessly hope for successful launches, buoyed by the surging demand of the domestic U.S. leisure travel market, they face a challenging road ahead, said aviation analyst Bob Mann of R.W. Mann and Co. The track record of startups since deregulation, it s like all the dead armadillos on the side of a Texas highway. It s just roadkill, Mann said, referencing the 1978 deregulation of the U.S. airline industry. It s hard, and most of them fail.
Hilton was nearly 93% occupied on the Saturday of Memorial Day weekend, making it the best day the company has had since the start of the pandemic, its CEO.
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‘This is an ideal time to invest in low-cost airlines’
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IPO-bound Go Airlines, which recently rebranded itself as Go First to focus on the ultra-low-cost carrier (ULCC) model, expects a boom in the travel sector post the pandemic. In an interview, Ben Baldanza, vice chairman of Go First, said he expects the initial public offering (IPO), which will shore up the airline’s finances, address liabilities and help the airline reposition itself, to be completed by the year-end. Edited excerpts:
Why plan for an IPO at a time when the aviation sector has been one of the worst hit by the coronavirus outbreak?