revenue per available seat mile
We also reference original research from other reputable publishers where appropriate. c) miles logged. Hence, an airline with a single plane of 170 seats that travels 4,500 miles per day is generating 765,000 ASMs each day. Uniteds Passenger RASM was 13.90, while the average yield per available seat mile was at 16.55. That amounts to a healthy 19% profit margin on the $1.35 per mile in revenue. This compensation may impact how and where listings appear. Aircraft makers, led by the duopoly of Boeing and Airbus, keep an eye on the longer-term trends in RPM to plan their future production of planes. "Domestic U.S. Airlines' Revenue per Available Seat Mile in Q3 2018 (in U.S. Dollar Cents)*. With the exception of Delta, the other airlines felt the impact of the grounding, leading to flight cancellations and lower profitability. RASM is the counterpart to CASM, in that it measures how much money is generated for airlines per seat mile. Airline Industry Related Transportation Terms Industries At a Glance Performance Growth Rates Profitability Valuation Financial Strength Markets At a Glance It is calculated by dividing total operating revenue by available seat miles. While the maximum loss to operate one flight of 1,000 miles is $32,357, the maximum profit with 100% of all seats sold is only $11,038. We use cookies to ensure that we give you the best experience on our website. Analyzing Southwest Airlines' (LUV) Market Share, Key Financial Ratios for Restaurant Companies, Delta Profit Seen Rising as Travel Surge Offsets Higher Costs. Though revenues declined both airlines had extremely healthy profits at the end of the year. It is acquired by partitioning operating income by available seat miles(ASM). d) available seat miles. The offers that appear in this table are from partnerships from which Investopedia receives compensation. United Airlines Q1 2021 Earnings Report Recap. Passenger Yield (Passenger Revenue Yield per Revenue Passenger Mile) The average amount of revenue received per paying passenger flown one mile. CASM is often widely quoted when comparing the efficiency of one carrier versus another, or in assessing the merits of one aircraft type versus others. Southwest Airlines' figure includes the RASM for AirTran Airways. WebThats after losing $118.5 billion in 2020. These Stats Would Say So Delta, which outperformed its competitors, United Airlines To Increase Guam-Japan Flights This Summer, Uganda Airlines Reinstates Fifth Johannesburg Flight, Turkish Airlines Closes 2022 With $2.7 Billion Profit, South African Airways Unveils Plans For Airbus A350s, Qantas Says Too Many Airbus A380s Are Returning From Storage At Once, Lightning Damages Fuselage Of Dallas-Bound American Airlines Boeing 787-9. Please do not hesitate to contact me. This statistic is not included in your account. WebSystem Passenger Revenue per Available Seat Mile (PRASM) Cents per Available Seat Mile: 1995: 1996: 1997: 1998: 1999: 2000: 2001: 2002: 2003: 2004: 2005: 2006: 2007: 2008 "Airline Data Project 'Glossary'.". Deltas cargo revenue declined by 13%. Total revenue per available seat mile (TRASM) increased 2.1% to $8.63 cents. To determine the companys profit per mile, subtract the cost per mile from the revenue per mile: Revenue ($1.35 per mile) Cost ($1.098 per mile) = Profit ($0.25 per mile) In the month of August, Chucks Trucks posted a per-mile profit of 25 cents. Generally, the higher the RASM, the more profitable the airline under question. Break-even load factors. Its ticket prices are low because Southwest has a low operating cost structure. As a Premium user you get access to the detailed source references and background information about this statistic. WebOperating revenue yield per Available Seat Mile Average Yield per ASM Transportation Term Represents the average scheduled flown passenger fare revenue for each available seat mile (ASM). Airlines generally report this metric on their quarterly and annual financial statements. CASM divides an airline's operating costs by ASM to get the cost to fly a single seat by one mile. WebSAVE (Spirit Airlines) Total Revenue per Available Seat Mile (Cents) as of today (March 01, 2023) is 10.81. Uniteds Passenger RASM was 13.90, while the average yield per available seat mile was at 16.55. Generally, the higher the RASM, the more profitable the airline under question. PRASM stands for passenger revenue per available seat mile, which is an important metric for airlines. Cost per available seat mile decreased 4.6%. a) cost of number of items produced b) commission paid to a salesperson c) gasoline d) manager's salary, Airlines measure revenues and cost by a) fuel used. Available seat miles (ASMs) increased 18% to 9.5 billion. Passenger Yield (Passenger Revenue Yield per Revenue Passenger Mile) The average amount of revenue received per paying passenger flown one mile. Accessed May 22, 2021. Hawaiian's recovery has been the slowest of the USA's top-10 carriers to date. The statistic illustrates JetBlue's passenger revenue per available seat mile (ASM) between the fiscal year of 2011 and the fiscal year of 2021. Though airlines have been keeping capacity growth on a tight leash it appears that smaller low-cost carriers are doing the most damage to major airline revenues. With United, its CASM for 2Q 2018 was 13.08 cents. For instance, operating expense per ASM was 15.15 cents for the first quarter of 2018 for American Airlines. With 2019 over and done with, it is worth analyzing the relative performance of the major legacy carriers in the US. Please create an employee account to be able to mark statistics as favorites. While bottom line profits are great, its not the only metric these executives should strictly focus on. His favorite plane is the 747-8i which Lufthansa thankfully flies to EWR allowing for some great spotting. Learn more about how Statista can support your business. The timeline depicts United Airlines' available seat miles (ASMs) from the fiscal year of 2014 to the fiscal year of 2021. In order to calculate their RASM for a given period, an airline divides its total operating revenues by the available seat miles: RASM = Total Operating Revenues/Available Seat Miles. When he isn't working as an analyst he's frequently found outside watching planes fly overhead or flying in them. Only 5 percent of its flights go beyond New Zealand and Australia, but these account for 60 percent of the airlines available seat kilometers. What Is Revenue per Available Seat Mile (RASM)? WebCASM = Direct Operating Cost / Available Seat Mile = $3.929 billion / 31.457 billion = 12.49 cents Ex-fuel CASM or CASM ex-fuel [ edit ] CASM excluding fuel is a commonly used measure to compare the cost performance of airlines excepting the cost of fuel. Higher load factors, obviously, are desired because empty seats are an opportunity cost for an airline. Generally, the higher the RASM, the more profitable the airline under question. When he isn't working as an analyst he's frequently found outside watching planes fly overhead or flying in them. For February 2021, domestic and international U.S. air carrier RPM was 26.5 billion against 49.5 billion ASM, which translated into a load factor of 0.53%. The distance between the two airports is 1,190 KM, which means that the ASK per leg flown is 200 (the available seats) multiplied 1,190 (the distance these seats can be flown). Fourth-quarter total revenue per available seat mile (TRASM) increased by 0.5% compared to the fourth quarter of 2018 on a 2.9% increase in total available seat miles. Hemal took his first flight at four years old and has been an avgeek since then. His favorite plane is the 747-8i which Lufthansa thankfully flies to EWR allowing for some great spotting. Funds from operations, or FFO, refers to the figure used by real estate investment trusts to define the cash flow from their operations. Generally, the lower the CASM, the more profitable and efficient the airline. The same goes for Delta Air Lines, in 2015 revenues were $40.7 billion compared to only $39.6 billion in 2016. Hence, Blank Airlines has 226,100 Revenue Passenger Kilometers per flight leg. "Domestic U.S. airlines' revenue per available seat mile in Q3 2018 (in U.S. dollar cents)*." That's because even if the load factor is high, it will remain to be known what fare price is needed to determine the dollar amount of revenues. Revenue per available seat mile (RASM) is a unit of measurement commonly used to compare the efficiency of various airlines. Hawaiian's recovery has been the slowest of the USA's top-10 carriers to date. Cost per available seat mile (CASM)also known as "unit cost" or "operating expenses per ASM"is another common metric airlines use to measure efficiency and performance. WebCalculated as Revenue Passenger Miles/Available Seat Miles. Revenue available per seat mile, or RASM: American Airlines Passenger Revenue per ASM was at 14.74 cents, with a yield of 17.41 cents. Show publisher information December quarter 2021 adjusted pre-tax income of $170 million, adjusted pre-tax margin of 2.0 percent and adjusted earnings per diluted share of $0.22 on adjusted operating revenue of $8.4 billion Full year 2021 GAAP pre-tax income of $398 million, on total operating revenue of $29.9 billion The same goes for Delta Air Lines, in 2015 revenues were $40.7 billion compared to only $39.6 billion in 2016.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'airlinegeeks_com-medrectangle-4','ezslot_3',107,'0','0'])};__ez_fad_position('div-gpt-ad-airlinegeeks_com-medrectangle-4-0'); Though revenues declined both airlines had extremely healthy profits at the end of the year. Year over year, Sun Country's total revenue per available seat mile (TRASM) for scheduled service increased 27.3%, total fare climbed to over $177, and ticket plus ancillary revenue grew 45%. At Delta Airlines, the figure was 15.07 cents for the fourth quarter of 2017. Total operating expenses per available seat mile (CASM) increased 21% to $8.00 cents. Passenger revenue per available seat miles increased 22.4% to 13.1 cents. Airlines report RPM statistics on a monthly and year-to-date basis. A Revenue Passenger Mile is a transportation industry metric that shows the number of miles traveled by paying passengers. Cost per available seat mile (CASM) is a common unit of measurement used to compare the efficiency of various airlines. Total Revenue per Available Seat Mile (Cents) expla By pressing 'Agree.' To use individual functions (e.g., mark statistics as favourites, set The airline recorded an operating income of $729 million (27.6% up year on year). The ideal entry-level account for individual users. According to the IATA, costs were higher in 2020 than in 2019 per available seat mile because airlines could not "spread" costs over large capacity bases. WebRevenue per available seat mile (RASM) is a unit of measurement commonly used to compare the efficiency of various airlines. To calculate CASM, divide the operating cost of an airline by the available seat miles (ASM). If you know the LF and Yield for a flight or set of flights, then you also know the unit revenue or RASM/K. An airline industry ETF tracks the performance of a group of stocks of airline companies. December quarter 2021 adjusted pre-tax income of $170 million, adjusted pre-tax margin of 2.0 percent and adjusted earnings per diluted share of $0.22 on adjusted operating revenue of $8.4 billion Full year 2021 GAAP pre-tax income of $398 million, on total operating revenue of $29.9 billion Jet fuel costs and labor costs. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. The statistic illustrates JetBlue's passenger revenue per available seat mile (ASM) between the fiscal year of 2011 and the fiscal year of 2021. Total fourth-quarter 2019 operating expenses were $10.6 billion, up 2.1% year over year, driven primarily by higher salaries and benefits, maintenance, and regional expenses. Passenger revenue per available seat mile (PRASM: a key measure of unit revenues) ascended 31% year over year to 14.29 cents. Revenue per available seat mile or RASM is a measurement used to compare the financial performance of airlines, based on revenue per available seat. Hence, Blank Airlines has 238,000 Available Seat Kilometers per flight leg. December quarter 2021 adjusted pre-tax income of $170 million, adjusted pre-tax margin of 2.0 percent and adjusted earnings per diluted share of $0.22 on adjusted operating revenue of $8.4 billion Full year 2021 GAAP pre-tax income of $398 million, on total operating revenue of $29.9 billion Available seat miles (ASMs) increased 18% to 9.5 billion. Traffic, measured by revenue passenger miles (RPMs), and capacity, measured by available seat miles (ASMs), are together used to determine Average Load Factor (ALF) the proportion of airline output that is actually sold. Generally, the higher the RASM, the more profitable the airline under question. This announcement, The closure of the U.S.-Canada land border due to the COVID-19 pandemic, which remained in place for over two years, Global Crossing Airlines Group -GlobalX- successfully completed the International Air Transport Association's (IATA) International Safety Audit (IOSA). Passenger revenue per available seat miles increased 22.4% to 13.1 cents. WebAmerican Airlines in 2015 reported revenues of $40.9 billion while in 2016 reported revenues of $40.1 billion, a slight decrease. Profit margin data. "Southwest Airlines Co. 2021 Annual Report to Shareholders," Pages 6-7, 25, 59-60, 123. You only have access to basic statistics. Yield The average amount of revenue received per revenue passenger mile (RPM) or revenue ton mile (RTM), net of taxes. RASM is the counterpart to CASM, in that it measures how much money is generated for airlines per seat mile. How Much Airline Revenue Comes From Business Travelers? RASM is the counterpart to CASM, in that it measures how much money is generated for airlines per seat mile. Airlines include various operating costs in their CASM calculation, such as operating expenses, maintenance expenses, administration, and overhead. This was likely driven by the US-China trade war and the spillovers resulting from it. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Revenue per available seat mile (RASM) improved 31.2% to 15.84 cents. to incorporate the statistic into your presentation at any time. Investopedia requires writers to use primary sources to support their work. Stage-length adjusted revenue per available seat. If you are an admin, please authenticate by logging in again. Let's take a historical example: After posting a CASM of12.6 cents in 2014, the airline managed to shrink that to 10.66 cents in 2021. Annual car sales worldwide 2010-2022, with a forecast for 2023, Number of cars sold in the U.S. 1951-2021, Battery electric vehicles in use worldwide 2016-2021, Annual gas prices in the United States 1990-2021, Automotive industry worldwide - statistics & facts, Motorcycle industry in the United States - statistics & facts, Profit from additional features with an Employee Account. System revenue per available seat mile by U.S. airline Q2 2015 U.S. airlines ranked by domestic labor costs Q3 2017-2018 U.S. system cost per available seat mile by airline Q2 2015 Total Revenue per Available Seat Mile (Cents) expla We took a look at the most important metrics in the aviation industry that reflect operational efficiency as well as revenue management. Stage-adjusted CASK = unadjusted CASK x (current stage length target stage length) 0.5 . Consolidated passenger revenue per available seat mile (a key measure of unit revenues) increased 24.6%. Revenue per available seat mile (RASM) is an especially important metric for low-cost airlines. Revenue per available seat mile (RASM) is more encompassing than total revenue because it factors in all operating revenue, in terms of capacity, rather than just passenger revenue. Overall, the year was a very positive one for traditional North American airlines, most of them reaching new record profits. How Does Load Factor Impact Airline Profitability? Airlines include income derived from their normal everyday business operations in their RASM calculation and exclude one-time operating adjustments or events, such as the sale of company assets. He firmly believes that the best way to fly between JFK and BOS is via DFW and is always willing to go for that extra elite qualifying mile. We also reference original research from other reputable publishers where appropriate. Despite not being the biggest airline in terms of passenger numbers, Delta Air Lines definitely stands out as a leader in the market across all sectors including load factor, CASM and yield, and total profits. CASM is calculated by taking all of an airlines operating expenses and dividing it by the total number of available seat miles produced. Additionally, revenue per available seat mile increased 23.4% to 13.7 cents. b) number of passengers per flight. You need at least a Starter Account to use this feature. It combines passenger ticket revenue with ancillary and cargo revenue as reported in an airlines quarterly Form41 reporting and Revenue Passenger Miles (RPMs) This is the basic measure of airline passenger traffic. If RASM is greater than CASM, the airline shows a gross profit. The same goes for Delta Air Lines, in 2015 revenues were $40.7 billion compared to only $39.6 billion in 2016. The passenger load factor stood at 84.6% for American Airlines, 2.6% higher than a year earlier. Currently, you are using a shared account. Revenue per available room (RevPAR) is calculated by multiplying a hotel's average daily room rate by its occupancy rate. He earned the Chartered Financial Consultant designation for advanced financial planning, the Chartered Life Underwriter designation for advanced insurance specialization, the Accredited Financial Counselor for Financial Counseling and both the Retirement Income Certified Professional, and Certified Retirement Counselor designations for advance retirement planning. Southwest Airlines is known to have one of the lowest CASMs in the industry, though the measure is not all-encompassing so it is not always a reliable measurement of efficiency on its own. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School for Social Research and Doctor of Philosophy in English literature from NYU. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Available seat miles is the measure of an airplane's carrying capacity available to generate revenues. Airlines favor using RASM as a metric to show their financial performance because it includes additional sources of revenue, such as baggage fees, reservation change fees, and inflight meals. is a common but crude industry work-around. Cost per available seat mile (CASM) Labor cost. Ancillary revenue. Critics contend, however, that airlines, like most businesses, have traditionally favored the use of metrics that can cast them in the best possible light. It is calculated by dividing total operating revenue by available seat miles. Delta generated the nations highest passenger ticket revenue in 2017, beating out American Airlines and United Airlines. Seat miles are calculated by multiplying the available seats for a given plane by the number of miles that plane will be flying for a given flight. What Is Revenue Per Available Seat Mile (RASM)? RASM is the counterpart to CASM, in that it measures how much money is generated for airlines per seat mile. Delta Profit Seen Rising as Travel Surge Offsets Higher Costs. Average economic fuel cost CASM is used in conjunction with revenue per available seat mile (RASM) to estimate an airline's profitability. Understanding Available Seat Miles (ASM) ASM is simply a measure of a flight's revenue-generating abilities based upon traffic. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Total operating expenses per available seat mile (CASM) increased 21% to $8.00 cents. He earned the Chartered Financial Consultant designation for advanced financial planning, the Chartered Life Underwriter designation for advanced insurance specialization, the Accredited Financial Counselor for Financial Counseling and both the Retirement Income Certified Professional, and Certified Retirement Counselor designations for advance retirement planning. We dont spam! Cost per available seat mile decreased 4.6%. WebCASM Cost per Available Seat Mile is measure of unit cost in the airline industry. Kenya Airways Cargo is set to expand its freighter fleet as it seeks to meet growing demand for cargo services., In an unsurprising new chapter of Vivas crisis, the Colombian airline informed its employees that, due to a lessors claim, Emirates has announced that it will be increasing its flights to Cairo, Egypt, starting October 29, 2021. Passenger Revenue per Available S Revenue Passenger Miles (RPMs) This is the basic measure of airline passenger traffic. Available seat miles (ASM) measures the carrying capacity of an airplane that's available to generate revenue. Total revenue per available seat mile (TRASM) rose 25.8% to 19.29 cents. Airlines list their RASMalso referred to as "operating unit revenue"in their quarterly and annual financial statements. The distance between the two airports is 1,190 KM, which means that the ASK per leg flown is 200 (the available seats) multiplied 1,190 (the distance these seats can be flown). is a common but crude industry work-around. In the US, except for spikes at major holidays, passenger traffic stayed around 40 percent of 2019 levels through most of the second half of 2020, based on traveler checkpoint data from the Airline Industry Related Transportation Terms Industries At a Glance Performance Growth Rates Profitability Valuation Financial Strength Markets At a Glance c) miles logged. Adjusting for stage length 1 1. WebTotal Revenue per Available Seat Mile (TRASM) Often referred to as a measure of unit revenue. By explicitly including all sources of revenue, RASM includes the myriad of revenue sources air carriers have experimented with including fees or charges for baggage, seat selection, food and drink, and Wi-Fi. A natural extension of CASM is RASM, or revenue per available seat mile, which helps facilitate a revenue to expense comparison, particularly helpful when comparing rival airlines or results to a benchmark. Generally, the higher the RASM, the more profitable the airline under question. In fact, Delta not only was the most efficient, but also the most profitable airline from all three. Profits which could be used for an assortment of things such as returning value to shareholders in the form of stock buybacks.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'airlinegeeks_com-box-4','ezslot_6',103,'0','0'])};__ez_fad_position('div-gpt-ad-airlinegeeks_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'airlinegeeks_com-box-4','ezslot_7',103,'0','1'])};__ez_fad_position('div-gpt-ad-airlinegeeks_com-box-4-0_1');.box-4-multi-103{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:250px;min-width:250px;padding:0;text-align:center!important}. Total fourth-quarter 2019 operating expenses were $10.6 billion, up 2.1% year over year, driven primarily by higher salaries and benefits, maintenance, and regional expenses. Southwest Airlines. Revenues, one of the metrics used in PRASM calculations, however, have been somewhat unstable. WebRevenue per available seat mile (RASM) Load factors; Passenger yield; Ancillary revenue; Stage-length adjusted revenue per available seat; Cost per available seat mile (CASM) Labor cost; Jet fuel costs and labor costs; Profit margin data; US carrier capacity analysis; Global industry capacity trends for major world regions Fourth-quarter total revenue per available seat mile (TRASM) increased by 0.5% compared to the fourth quarter of 2018 on a 2.9% increase in total available seat miles. Total revenue per available seat mile (TRASM) increased 2.1% to $8.63 cents. b) number of passengers per flight. Private Jet Charter vs. you understand and agree with Airline Geeks, LLC's Terms of Use. WebFourth-quarter total revenue per available seat mile (TRASM) increased by 1.7 percent compared to the fourth quarter of 2017 on a 1.4 percent increase in total available seat miles. RASM = (Revenue) / (ASM/K) Heres a handy trick! A revenue ton mile is an important metric in the transport industry that measures the amount of freight shipped and how far it's moved. WebRevenue per available seat mile (RASM) Load factors; Passenger yield; Ancillary revenue; Stage-length adjusted revenue per available seat; Cost per available seat mile (CASM) Labor cost; Jet fuel costs and labor costs; Profit margin data; US carrier capacity analysis; Global industry capacity trends for major world regions AA Cargo revenue took a severe hit and went down by 18.3% YoY, with a 15.6% decline in volume. Airline executives seem confident in their long-term plans to continue to cut costs and increase revenues through new fare innovations such as basic economy. "Revenue Passenger-Miles." Cost per available seat mile (CASM) is usually a more comprehensive measurement of airline costs, but it's still important that investors are aware of what items comprise this measurement. * The figures are stage-length adjusted to 1,000 miles in order to compare RASM across airlines, although there are other differences, including seating density, that also affect unit revenue. This metric overlooks the dollar amount factor. The statistic illustrates some U.S. airlines' domestic revenue per available seat mile (RASM) on a stage-length adjusted basis in the third quarter of 2018. Total operating expenses of $760 million, representing 93% of total operating revenue. PRASM matters quite a bit because it is a proxy for pricing power.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'airlinegeeks_com-large-mobile-banner-1','ezslot_10',117,'0','0'])};__ez_fad_position('div-gpt-ad-airlinegeeks_com-large-mobile-banner-1-0'); Pricing power is the ability of the airline to raise prices promptly to either cover higher costs or improve margins. Break-even load factors. Generally, the higher the RASM, the more profitable the airline under question. A paid subscription is required for full access. The End Is Near: Viva Colombia Grounds Five Aircraft, Waits, Kenya Airways to Lease Two 737-800Fs to Expand Cargo Capacity, Suid Cargo Takes Off as South Africas Newest Cargo Airline, How Qatar Airways is Embracing the FIFA World Cup Onboard, Air New Zealand Starts Nonstop Service to New York From Auckland, The End Is Near: Viva Colombia Grounds Five Aircraft, Waits For Takeover By Avianca To Be Approved, Emirates to Boost Flights to Cairo Starting October 29. Cost per available seat mile decreased 4.6%. A low CASM indicates the airline is efficient at managing its costs, which could lead to higher profit margins. a) cost of number of items produced b) commission paid to a salesperson c) gasoline d) manager's salary, Airlines measure revenues and cost by a) fuel used. Other methods of calculating an airline's cost to fly include looking at cost or revenue miles per passenger or per ton of fuel. Passenger revenue per available seat mile (PRASM: a key measure of unit revenues) ascended 31% year over year to 14.29 cents. CASM is often widely quoted when comparing the efficiency of one carrier versus another, or in assessing the merits of one aircraft type versus others. and more. WebThe most fundamental data to any analysis of the airline industry are traffic, capacity and the relationship of one to the other. CASM differs from RASM in a significant way. System revenue per available seat mile by U.S. airline Q2 2015 U.S. airlines ranked by domestic labor costs Q3 2017-2018 U.S. system cost per available seat mile by airline Q2 2015 It is obtained by dividing operating income by available seat miles (ASM). The boost in, On Thursday, the Lufthansa Group announced an order for new Airbus and Boeing jets bringing its current order book to 108 new aircraft from the manufacturers.
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