There aren't many newcomers in the airline business.
It's not easy to break into the U.S. airline industry, which is dominated by four big carriers and a sprinkling of other niche players, but that didn't scare away Andrew Levy.In April 2021, while COVID-19 still raged and billions of dollars from taxpayers were propping up big airlines, Levy launched Avelo Airlines with flights between Burbank, California, and Las Vegas.
Levy was involved in the launch of ValuJet, which became Allegiant Air, and he also did a stint as the chief financial officer of United Airlines before starting Avelo . Q: Avelo reported a profit for fourth quarter 2023 but gave no details. Was that on a GAAP basis? And how much was it?
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrierThere aren't many newcomers in the airline business. It takes a lot of money to line up planes and hire pilots, flight attendants and all the other workers needed to airliners flying. And in the United States, the industry is dominated by four big carriers. But that didn't scare away Andrew Levy. He started Avelo Airlines in 2021.
Read more »
Avelo Airlines to Add Las Vegas to its List of DestinationsAvelo Airlines is expanding its service to include flights from Hollywood Burbank Airport to Las Vegas starting in May 2024. The decision comes after a successful trial of special flights between Burbank and Las Vegas earlier this year. Avelo Airlines CEO Andrew Levy and Hollywood Burbank Airport Executive Director Frank Miller expressed excitement about the new route and the increased convenience for travelers.
Read more »
Southwest Airlines CEO says airline may reevaluate open seating after financial lossThe CEO made comments following the carrier's Q1 results.
Read more »
Southwest Airlines CEO Bob Jordan brought in $9 million post-operational meltdownSouthwest Airlines CEO Bob Jordan made $9 million in 2023.
Read more »
Ajax suspends CEO for alleged insider tradingAjax suspends their new CEO, Alex Kroes, for alleged insider trading on the club's shares.
Read more »
CEO Talks: L.L. Bean CEO Talks Importance of Summer, U.S. Market and Tote BagsL.L. Bean's fiscal 2023 sales were $1.7 million, a slight decline compared to $1.8 million for the previous fiscal year.
Read more »