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Ernest Arvai

Ernest Arvai

President AirInsight Group LLC

RTX Beats Wall St. Expectations

GTF

RTX released its quarterly earnings today, beating Wall Street expectations. Fourth-quarter revenues exceeded industry estimates, coming in at $24.24 billion, above the $22.65 billion estimate. Earnings per share were $1.55 for the quarter, exceeding consensus estimates of $1.47, with return…

Southwest and Turkish Launch Alliance

Southwest

Southwest’s latest international partner is Turkish Airlines, joining Condor, Icelandair, China Airlines, EVA Air, and Philippine Airlines. The agreement with Turkish will begin next month, and enable seamless bookings and connections and itineraries that include both carrier flights from any…

Allegiant Acquires Sun Country

Allegiant

Allegiant and Sun Country announced a transaction through which Allegiant will acquire Sun Country Airlines at a value of $1.1 billion, plus the absorption of $400 million in debt for a total of $1.5 billion. Sun Country Shareholders will receive…