Volaris June Revenue Passenger Miles Increases

Volaris June Revenue Passenger Miles Increases

Volaris said pre-market Monday that June demand, or revenue passenger miles, increased 8% from a year ago, while capacity, measured in available seat miles (ASMs), rose 7.8%. The low cost airline said it transported 1.3 million passengers last month, up 3.7%, and the network load factor was 89.1%, up 0.2 percentage points compared to a year ago. In the first six months of the year, ASMs rose 16.7%, RPMs increased […]

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Macquarie Infrastructure Looking at Additional Projects

Macquarie Infrastructure Looking at Additional Projects

Macquarie Infrastructure (MIC), after increasing its 2017 growth capital-expenditures budget last week, is looking at additional growth projects for the remainder of the year while also continuing to evaluate potential fifth verticals, RBC Capital Markets said in a note to clients following meetings with the company’s management. The company, which operates a group of businesses that provide services including bulk liquid terminalling and handling services, aircraft fueling and utility-gas services, […]

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Visa to Invest in Klarna

Visa to Invest in Klarna

Visa and Klarna said Tuesday they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna, a European online payments company, serves 60 million consumers and 70,000 retailers, the companies said in a press release. The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to accelerate online and mobile commerce for the benefit of consumers and merchants across […]

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ClubCorp Holdings Expands Network of Private Clubs

ClubCorp Holdings Expands Network of Private Clubs

ClubCorp Holdings, which runs private clubs, said early Wednesday it acquired Medina Golf & Country Club, a formerly member-owned private club, in Minneapolis. This is the first club in Minnesota for ClubCorp, expanding the company’s presence to 28 states, it said in a statement. ClubCorp plans to spend more than $2.5 million over the first two years to reinvent the club bringing new contemporary features, plus improve the facilities. “As […]

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Ford Motor Partners with Deutsche Post

Ford Motor Partners with Deutsche Post

Shares of Ford Motor were higher nearly 1% in pre-market trade Wednesday after Deutsche Post said its StreetScooter unit formed a partnership with Ford-Werke GmbH to build electric delivery vehicles. The companies said the new vehicles will be based on the chassis of the Ford Transit and will be equipped with a battery-electric drive train. Production of the new vehicles is slated to begin in July with plans to have […]

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