Briefing 57
January 1, 2026
Fort Worth, Texas

Flightline would like to wish you and your family a Happy and Prosperous New Year. Nigel and I want to thank everyone for their support over the past half-year as we have gotten Flightline off the ground. We've had our ups and downs and are still trying to figure out how to make this work long-term, but thank you for reading. We're trying out a polished format as we kick off 2026. On to our usual reporting!

What’s Inside:

As we ring in 2026, this edition tracks shifts in connectivity and fleet modernization. We dive into PIA’s return to LHR, China’s Airbus orders, and the launch of Navi Mumbai’s new gateway.

Route Intelligence: PIA LHR return; JetBlue and Republic footprints.
The Battle for O’Hare: American challenges United’s Chicago dominance.
Global Hub Rankings: IST is the world’s most connected airport.
Fleet Updates: Massive A320neo orders for Spring and Juneyao.
Financial Year-End: Final 2025. stock closes for your 2026 portfolio.
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Route Intelligence Report

New and Proposed Routes
Pakistan International Airlines (PK) plans to resume Islamabad (ISB) to London Heathrow (LHR) on March 29. Route will be 4x weekly via Boeing 777-200/ER. Ban was lifted in July, with Manchester (MAN) flights already resumed.
Kuwait Airways (KU) added 3x weekly flights from Kuwait City (KWI) to Moscow Domodedovo (DME). Airbus A320neo flights commence June 10.
Republic Airways (YX) adds a daily run from Boston (BOS) to Madison (MSN) on June 7. Embraer E175 will operate as Delta Connection.
JetBlue Airways (B6) adds daily flights from New York (JFK) to Cleveland (CLE) on March 30 using Airbus A220-300.
Dropped and Suspended Routes
Juneyao Airlines (HO) pulled Zhengzhou (CGO) to Helsinki (HEL) from systems. Seasonal service was set for March 4.
Singapore Airlines (SQ) will pause Singapore (SIN) to Beijing Daxing (PKX) mid-August through late September. Currently daily via 787-10.
Breeze Airways (MX) scuttled plans for Raleigh (RDU) and Tampa (TPA) to Montego Bay (MBJ). A220-300 flights were set for early 2026.

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Fleet Intelligence

Latest Aircraft Deliveries
Rego Type Operator Date
A6-EXPAirbus A350-941Emirates (EK)Dec 29, 2025
A7-BHZBoeing 787-9Qatar Airways (QR)Dec 29, 2025
A7-BRGAirbus A320neo ACJQatar Amiri (QAF)Dec 30, 2025
B-32P3Airbus A321neoChina Southern (CZ)Dec 30, 2025
B-32PMAirbus A321neoQingdao Air (QW)Dec 29, 2025
B-32PPAirbus A320neoChina Southern (CZ)Dec 30, 2025
B-32PSAirbus A321neoChina Southern (CZ)Dec 30, 2025
B-659KComac C919-100ERAir China (CA)Dec 29, 2025
C-GKZAEmbraer E195-E2Porter Airlines (PD)Dec 30, 2025
CC-BMBBoeing 787-9LATAM Chile (LA)Dec 30, 2025
EC-OREAirbus A321neo XLRIberia (IB)Dec 30, 2025
F-HOZAAirbus A220-300Air France (AF)Dec 30, 2025
G-UZMLAirbus A321neoeasyJet (U2)Dec 30, 2025
HS-LVZBoeing 737-9GPERThai Lion Air (SL)Dec 30, 2025
N14563Airbus A321neoUnited Airlines (UA)Dec 29, 2025
N17421Boeing 737-9 MAXUnited Airlines (UA)Dec 30, 2025
N261BZAirbus A220-300Breeze Airways (MX)Dec 30, 2025
N3293JAirbus A220-300JetBlue (B6)Dec 30, 2025
N338ASEmbraer ERJ-175LRAmerican Eagle (MQ)Dec 29, 2025
N339HGEmbraer ERJ-175LRAmerican Eagle (MQ)Dec 29, 2025
N34562Airbus A321neoUnited Airlines (UA)Dec 29, 2025
N637SYEmbraer ERJ-175LLSkyWest (OO)Dec 23, 2025
N638SYEmbraer ERJ-175LLSkyWest (OO)Dec 29, 2025
N674FRAirbus A321neoFrontier (F9)Dec 29, 2025
PS-ADNEmbraer E195-E2Azul (AD)Dec 30, 2025
TC-LHIAirbus A350-941Turkish Airlines (TK)Dec 30, 2025
TC-LRAAirbus A321neoTurkish Airlines (TK)Dec 29, 2025
VN-A553Airbus A321neoVietJetAir (VJ)Dec 29, 2025
VN-A554Airbus A321neoVietJetAir (VJ)Dec 30, 2025
VT-NHOAirbus A321neoIndiGo (6E)Dec 30, 2025
VT-NHRAirbus A321neoIndiGo (6E)Dec 29, 2025
YL-BTBAirbus A220-300airBaltic (BT)Dec 30, 2025
Latest Aircraft Retirements
F-GRHY, an Airbus A319-111 with Air France (AF), was withdrawn from use and ferried to Lourdes (LDE) on December 30, 2025 for part-out and scrap.
SU-BPW, anAirbus A320-214 with Air Cairo (SM), was withdrawn from use and ferried to Teesside (MME) on December 27, 2025 for part-out and scrap.

Aviation Security

U.S. airports can now request expanded biometric data from international travelers under a new policy that took effect December 26, significantly broadening federal screening authority. In addition to facial scans and photographs, U.S. Customs and Border Protection (CBP) may request fingerprints and, in certain cases, DNA from non U.S. citizens entering or leaving the country, with collected data potentially stored for decades. The rule removes previous age exemptions and applies to travelers of all ages, reflecting a broader Trump administration push to tighten immigration enforcement and deter abuse of the system. Civil rights groups have raised concerns about privacy, data retention, and bias in biometric technologies, while additional proposals could further expand vetting to include social media histories and personal contact information for visitors from dozens of countries.

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Flightline Feature
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Collection
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Unruly passenger graphic
Unruly Passengers in 2025: 1,606
As of December 28, 2025
📖 Read Commercial Aviation 101 by Greg Gayden
📖 Read Behind the Cockpit Door by Nigel Everton

Aviation Industry News

The top three airport rail stations for total entries and exits in the U.K. in 2025 were Gatwick (21.2 million), Heathrow (14.7 million), and London Stansted (10.1 million).

Jeddah, Saudi Arabia (JED) welcomed its 50 millionth passenger of the year earlier this month, marking the first time any airport in the country has gone over the 50 million mark.

American Airlines Boeing 737 MAX

American Airlines (AA) latest Chicago push underscores how intensely competitive O’Hare Airport (ORD) has become between the two legacy rivals that matter most there. American plans to add roughly 100 peak daily departures this spring, lifting O’Hare to more than 500 daily flights and restoring pre-pandemic scale.

The expansion includes service to over 75 destinations, extending seasonal flying to Paris DeGaulle (CDG) and Dublin (DUB), and leaning heavily on premium cabins, new gates, and reliability improvements. The move is as much about perception as capacity, signaling that American intends to remain a full-scale hub operator at O’Hare after years of retrenchment.

That directly challenges United Airlines (UA), which has long treated Chicago as its flagship Midwest hub and has historically enjoyed a larger share of traffic, corporate contracts, and international breadth. The result is a classic hub rivalry where both carriers use schedule density, connectivity, and product upgrades to defend share at one of the most strategically important airports in the U.S.

AAR Aircraft Services announced it will permanently close its airframe maintenance facility at Indianapolis (IND) and phase out operations through February 2027, impacting about 329 employees in the Indianapolis area. The closure stems from a strategic shift after AAR’s acquisition of HAECO, and a WARN notice filed with the state outlines that layoffs will begin in February 2026 and continue in phases through early 2027. The plant-level shutdown marks the end of AAR’s heavy aircraft maintenance operations at the site, which has served the airport and local workforce for years, prompting concerns about job losses and the future use of the facility. 

China Aircraft Leasing Group Holdings Limited has placed a firm order with Airbus for 30 additional A320neo Family aircraft, announced in Toulouse on December 30, 2025. The deal brings China Aircraft Leasing Group Holdings Limited total Airbus backlog to 282 aircraft, including 203 A320neo Family jets, underscoring sustained global demand for fuel efficient single aisle aircraft.

I always find these airport purchases interesting. Dallas/Fort Worth (DFW) is purchasing an industrial incinerator for $613,763. The incinerator will be used by the airport’s police department to enable “proper local destruction of evidence and materials following the retention period. At present, no suitable disposal facilities exist in the Dallas/Fort Worth area and transporting these substances long distances poses operational and logistical challenges. The facility may also create revenue opportunities by offering incineration services to other local law enforcement agencies.” I would note I have a fire pit in my backyard which is failing to generate any revenue from law enforcement agencies (or any parties) needing to burn files, although if I am being honest I’m not a very good marketer.

Rental car revenue at Denver (DEN) is down over 18 percent for the first 11 months of the year. The airport collected $28.2 million in November, bringing the year-to-date total to $566.48 million - over $65 million less than the same period in 2024.

In a significant move for the Chinese aviation sector, Spring Airlines (9C) and Juneyao Airlines announced plans on December 29, 2025, to purchase a combined 55 Airbus A320neo family jets valued at approximately $8.2 billion, based on list prices. According to stock exchange filings, Spring Airlines has committed to 30 A320neo aircraft for up to $4.13 billion, while the full service Shanghai-based Juneyao Airlines intends to acquire 25 jets for roughly $4.1 billion. These aircraft are scheduled for delivery in batches between 2028 and 2032, reflecting a strategic push by both carriers to secure production slots and modernize their fleets with more fuel-efficient technology. While the deals are a major win for Airbus, furthering its lead in the Chinese market over competitors like Boeing, both agreements still require formal approval from the Chinese government before they can be finalized.

IndiGo A321 at Navi Mumbai

Navi Mumbai International Airport (NMI) officially began commercial operations on December 25, 2025, marking a major expansion of airport capacity in India’s largest metropolitan region. The first scheduled flight was operated by IndiGo (6E) from Bengaluru (BLR), with additional domestic services launched by Air India Express (IX) and Akasa Air (QP) as part of the initial operating phase.

Built to relieve chronic congestion at Mumbai’s existing airport (BOM), the new facility is designed to handle up to 20 million passengers annually in its first phase, with significant long-term expansion planned. The opening of NMI represents a critical infrastructure milestone for western India, improving air access to the Mumbai metro area while supporting the dramatic growth in domestic Indian air travel demand.

EDITOR’S NOTE: I had a wonderful weeklong visit to Mumbai late last summer, and I wish all the very best to everyone at both airports. Save me a gulab jamun!

November Airline Performance

Allegiant Air (G4) flew 1,343,190 scheduled passengers in November, a 10.6 percent annual increase over 2024. The Las Vegas-based carrier filled 80.5 percent of its available revenue seats during the month across 9,684 flights. The average stage length of those missions was 883 miles; Allegiant paid an average of $2.76 per gallon of gas in November.

Cathay Pacific Airways (CX) flew 2,530,436 passengers in November, a hefty 26 percent annual bump over the same month one year prior. Cathay filled 87 percent of its available revenue seats across 10,011 flight sectors in the month. Regional subsidiary HK Express (UO) flew 639,120 passengers during November, which was a 27 percent annual increase. This translated into an 83.4 percent system-wide load factor on 3,600 flights.

The Japan Airlines Group flew 3,251,910 passengers in November and realized an 87.2 percent system-wide load factor during the month. Low-cost carrier ZIPAir Tokyo (ZG) enjoyed a 77.5 percent system-wide load factor in November with 106,282 passengers on board its flights.

The All Nippon Airways Group flew 773,320 international passengers in November, which was over 16 percent more than the same month in 2024. System-wide load factor for the month was 86.9 percent. Domestically, ANA welcomed 4,015,035 passengers and enjoyed an 84.5 percent system-wide load factor in November.

THURSDAY DATA REPORT // NONSTOP ONLY JANUARY 1, 2026

The Map Kings: Top 5 Global Nonstop Hubs

A pure count of unique direct passenger destinations (no layovers required) as of the final week of 2025.

1
Istanbul (IST)
342
2
Frankfurt (FRA)
307
3
Paris deGaulle
299
4
Chicago O'Hare
297
5
Dubai (DXB)
280

Strategic Insight: Istanbul (IST) has officially created the largest nonstop network in history, largely due to Turkish Airlines' 2025 fleet push. Chicago O'Hare remains the only U.S. airfield in the top five, holding a narrow lead over Dallas/Fort Worth at 272 destinations and Atlanta (ATL) at 251. Amsterdam (AMS) is "on the bubble" with 275. Capacity constraints mandated by the Dutch government along with increased taxes have reduced flights at the field.

📈 Flightline Financials 🏦

Airline & Airport Operator Stock Prices
Closing Price: December 31, 2025
AAL
American
$15.33
AERO
AeroMexico
$18.84
ALGT
Allegiant
$85.31
ALK
Alaska
$50.30
BA
Boeing
$217.11
CPA
Copa
$120.61
DAL
Delta
$69.41
EMBJ
Embraer
$64.34
JBLU
JetBlue
$4.55
LTM
LATAM
$54.12
LUV
Southwest
$41.35
RJET
Republic
$18.45
RYAAY
Ryanair
$72.22
SNCY
Sun Country
$14.61
SKYW
SkyWest
$100.41
UAL
United
$111.83
ULCC
Frontier
$5.62
VLRS
Volaris
$7.68
WTI OIL
Per Barrel
$57.42
ASR
Asur
$318.55
OMAB
OMA
$108.14
PAC
GAP
$258.90
CAAP
Corp America
$25.82
Global Currency Exchange Rates
$1 USD Equals: As of December 31, 2025
EUR
Euro
0.85
GBP
British Pound
0.74
MXN
Mexican Peso
18.02
CAD
Canadian Dollar
1.37

Daily Passenger Counts at U.S. Airports, 2025 vs. 2024

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