In the era of pre-flight PCR tests and quarantine requirements, flexibility in the airline business is crucial for customers. It makes sense then that Abu Dhabi’s air carrier, Etihad, is launching a service called ‘WorldPass’. The new offering allows customers to purchase a travel subscription available for travel between the UAE and destinations in the GCC, India, Pakistan, the UK, and Ireland. Users will also get an unlimited free rebooking and cancellation policy that allows them to pre-book about 40 flights beforehand at discounted rates.
While Etihad’s pushing out subscription services, aviation manufacturer Airbus (AIR) is seeking an equipment refresh. News has come out that the company delivered its last Airbus A380 yesterday to Emirates. The super-jumbo airplane, which is the largest commercial aircraft ever, had been having demand issues over the past few years — its phasing out was accelerated by the pandemic as airlines saw reduced capacity.
Why it matters
Etihad’s stock price saw an uptick as news of its WorldPass came out — shares jumped by 1.1% yesterday. Investors are also looking at Airbus’ phasing out of the super-jumbo jet as an efficiency gain — the price jumped by 2.4% yesterday.