June 14, 2021
  • 8:10 am Go Ahead and Leave Santa Whole Milk!
  • 8:09 am Industry Reaction to Final EPA Rule on RVOs
  • 8:08 am Senate Sets Vote for Vilsack Confirmation
  • 10:58 pm New sorority recruits first pledge class
  • 10:58 pm “The Magnificent Seven” trots along the trail

first_imgVirgin Australia has swung back into the red in the first quarter of 2017 as it faced the same subdued conditions in the Australian domestic market that have affected Qantas.Australia’s second biggest carrier reported net loss for the quarter of $A34.6m, including the impact of restructuring charges under the group’s Better Business program. It’s underlying pre-tax loss was $A3.6m.Virgin is disproportionately affected by a lack-lustre domestic market because that is where most of its flying takes place.The airline said the cost-cutting program was already generating savings, expected to increase to $300 million per year by the end of the 2019 financial year, and it was actively managing capacity in response to the trading environment.“During the quarter, total available seat kilometres declined 0.5 per cent and total sectors flown declined 2.3 per cent on the prior corresponding period,’’ it said.  ”The Group will continue to exercise disciplined capacity management in line with trading conditions.’’The update showed group passenger numbers increased by 4.8 per cent and the airline’s revenue load factor increased by 2 percentage points, while costs fell.The group has about 90 per cent of its fuel consumption hedged in the current financial year and said it had boosted its hedging program for fiscal 2018 to take advantage of lower fuel prices and protect against future increases.“The Group continues to drive structural change in its cost base through ongoing cost-saving activities and new efficiency initiatives under the Better Business program,’’ it said. “This includes the fleet simplification programme and organisational rightsizing.’’Traffic statistics revealed domestic passenger numbers were up 3.9 per cent with capacity growth flat at 0.6 per cent and the load factor up 2.9 pts.Changes to services to Bali and a refurbishment program for the airline’s Boeing 777s saw passenger numbers tumble 8.6 per cent with passenger loads unchanged.Tigerair Australia  passenger numbers rose  18.6 per cent on the previous year and load factors rose 2.8 points.last_img read more

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first_imgHow IoT Will Play an Important Role in Traffic … Surveillance at the Heart of Smart Cities Related Posts Silicon Valley has been the epicenter of all major tech advancement in the past decade, but when it comes to self-driving, Detroit could snatch that the title away.A new report from Navigant Research shows two of the ‘Big Three’ Detroit auto companies, Ford and General Motors, ahead of auto and tech rivals based in Silicon Valley and Germany.The researchers used 10 different criteria, including strategy, manufacturing, distribution, staying power, and execution, to mark 18 companies currently working on self-driving tech.Ford and General Motors were named ‘leaders’ in the report, alongside Renault-Nissan and Daimler. BMW, VW, Tesla, Waymo, and Volvo were all placed in the ‘contenders’ category, as seen in the graphic above.In the rundown of the rankings, Waymo, the first Silicon Valley company, is ranked seventh. Baidu, nuTonomy, and Uber, three other tech firms, are ranked in the ‘challengers’ category, clearly showing that being an automaker or having a partnership gives a major advantage.It should be noted that Navigant Research takes the entire deployment into account, so the rankings do not reveal the sophistication of each company’s self-driving tech.General Motors and Ford have both made billion-dollar investments to bolster each company’s self-driving talent. GM bought Cruise Automation for $660 million and has invested $500 million into Lyft, a ride-sharing service. Ford spent $1 billion to acquire Argo AI, a young tech startup with high-profile founders.The two American automakers also have the advantage of experience and scalability, two things that Tesla was ranked down on.See Also: Industry split on when first commercial self-driving vehicle will be readyRenault-Nissan, ranked third, have made a few announcements in the past six months to excite investors. It has not made any major investments into self-driving startups however, instead working internally to build its systems.The news might prompt further investment from Michigan into self-driving tech. The state has already created an organization to build a 331-acre fake town for automakers to test driverless vehicles. Tags:#automakers#autonomous cars#Detroit#driverless#featured#Michigan#Navigant Research#Self-Driving#Silicon Valley#top center_img How Connected Communities Can Bolster Your Busi… David Curry IT Trends of the Future That Are Worth Paying A…last_img read more

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