Daily Business Report: Oct. 24, 2023
Visual Capitalist
Which airlines carried
the most passengers in 2022?
By Pallavi Rao
After being battered by the pandemic, the airline industry is on the upswing, with traffic growing 30 percent and revenue surging 50 percent year-on-year in 2022.
And of the 3 billion passengers who took a flight last year, more than half flew on one of the big players in the industry. We use information from 2023 Allianz Partners Big Book of Travel Data by IdeaWorksCompany to visualize the largest airlines by traffic.
At the top of the list, American Airlines flew nearly 200 million passengers in 2022. The airline’s most popular route was between Dallas Fort-Worth (DFW) and Los Angeles (LAX), operating more than 30 flights a day.
In fact, Dallas is a “fortress hub” for American, where the airline—along with its regional partners—own more than 70 percent of the airport’s flights.
Close behind American is another U.S.-based rival, Delta, which got more than 170 million passengers to their destinations. Ranked third is Ryanair Group, headquartered in Ireland, which transported more than168 million passengers around the world.
Rounding out the top five are two other U.S.-based airlines, United and Southwest, with annual passenger figures of 144.3 million and 126.6 million respectively.
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Agriculture fluourishes in new Crop Report, nears $1.8 billion
San Diego’s new Crop Report covering the county’s 2022 growing season shows production was higher than last year at $1.78 billion in value, making it the seventh year in the past 10 years in which the region has seen an increase. The report showed total crop and commodity values increased by about $24 million or 1.4 percent from last year, which is beginning to show recovery from decreases attributed to the COVID-19 pandemic.
San Diego County ranks No. 1 in Nursery & Cut Flower products in California and No. 1 in the number of organic producers in the state.
Avocados, San Diego County’s most well-known crop, earned the biggest spike in value of any crop from 2021 to 2022, with a 48 percent increase from roughly $82.8 million to $123 million. This was driven by better weather, according to the report.
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Coronado agrees to build more housing
California reached a settlement with the City of Coronado for violating state’s Housing Element Law, resulting in an update to their housing plan by April 2024 to allow for construction of 912 new housing units for Californians at all income levels.
The City of Coronado was required to update its housing plan by April 15, 2021 to plan for 912 new housing units. The City submitted a Housing Element Update in 2021, but was not found to substantially comply.
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A Deep Look into the AI Revolution
Artificial intelligence has captured the minds and curiosities of people and industries around the world. From commerce to education to medicine, the AI revolution offers promises and pitfalls in virtually every realm of society.
The UC San Diego School of Biological Sciences hosts a virtual event on the AI revolution Nov. 15 from noon to 1:30 p.m.
Attendees will hear four perspectives on the future of AI — from futuristic AI-based simulations for developing new medicines and vaccines; to navigating the frontiers of science with mind-boggling image analysis; to unprecedented explorations of how the brain works.
Speakers: Rommie Amaro, professor, Department of Molecular Biology; Gavin Hartigan, vice president, Thermo Fisher Scientific; Uri Manor, assistant professor Dept. of Cell and Development Biology; Terry Sejnowski, professor, Department of Neurobiology and Salk Institute.
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SD Miramar College professor selected
for Alex Trebek Legacy Fellowship
Alexis Duran, an adjunct professor in the digital film production department at San Diego Miramar College and the film, television and media arts department at Southwestern College, has been selected for an Alex Trebek Legacy Fellowship by the Television Academy Foundation. He is one of just 12 professors selected from colleges and universities nationwide for the fellowship program.
Named in honor of the late Alex Trebek, longtime host of the quiz show “Jeopardy!,”the Alex Trebek Legacy Fellowships offer financial support to attendees of the foundation’s annual Media Educators Conference. The three-day conference, held this year at the Academy’s North Hollywood Campus in California Oct. 25-27, connects college classrooms with the television industry by providing media professors with curriculum-enhancing seminars on the latest in the art, science and business of television with prominent leaders in show business.
Kove craft-brewed canned cocktails named
a winner in 2023 MUSE Design Awards
Kove, a San Diego-based craft-brewed cocktail brand, has been named a gold-ranking winner in the “Packaging Design – Wine, Beer, & Liquor” category of the 2023 MUSE Design Awards conducted by the International Awards Association. The MUSE Design Awards is an international competition organized to honor design excellence in various fields and industries.
Kove was recognized for its recently debuted line of craft-brewed cocktails, featuring fresh packaging inspired by the beverage’s naturally occurring vivid coloring as a result of the organic ingredients. The branding exhibits an attention-grabbing color palette and a sleek can design that was created to reflect the brand’s bright, botanical and boozy ethos.
CARI Health awarded NIH grant up to$2.8 million
to advance remote medication monitoring
SAN DIEGO — Digital health startup CARI Health was awarded an SBIR Fast Track grant from the National Institute on Drug Abuse (NIDA), an agency of the National Institutes of Health (NIH), to help it bring the world’s first wearable medication monitor to market. CARI Health is eligible for up to $2.8 million over three years as project milestones are successfully completed within Phase I and Phase II portions of the grant. The award funding will go toward supporting product development and conducting human clinical studies for CARI Health’s wearable remote medication monitoring device.
Casey’s General Stores wins the AFP 2023 Pinnacle Awards
SAN DIEGO — Casey’s General Stores was announced the winner of the AFP 2023 Pinnacle Awards Grand Prize for excellence in treasury and finance. The Pinnacle Awards Grand Prize, sponsored by U.S. Bank, was presented during AFP 2023 in San Diego. The Grand Prize was chosen through a vote by treasury and finance professionals. Casey’s General Stores’ submission centered on improving its antiquated branch banking model.
Finopotamus to host business banking webinar
SAN DIEGO — Finopotamus, the only online publication providing in-depth technology coverage exclusively to credit unions, will host a webinar on digital banking for business members today at 10 a.m. in partnership with digital banking provider Apiture. The session will feature Finopotamus Publisher John San Filippo and Apiture SVP of Product Jennifer Dimenna.
Trucept announces formation of six new subsidiaries
SAN DIEGO — Trucept Inc., a leader in business solutions, announce six new wholly owned subsidiaries based in San Diego, further expanding its portfolio and deepening its commitment to provide comprehensive business solutions. They are: Afinida Marketing; Afinity Risk Management; Afinida Payroll; Afinida Accounting; Afinidas Insurance; and Afinida HR Services.
1859 strenghtens leadership with two appointments
SAN DIEGO — 1859, an AI-driven small molecule drug discovery company advancing next-generation medicines, announced the appointment of Jeff Hage as consulting chief scientific officer, and Michael Howell and Venkat Reddy as strategic pharma advisers. 1859’s distinctive AI + Empirical Discovery Engine leverages patented screening technology to generate high-quality, proprietary datasets at scale, enabling robust AIML models to accelerate drug discovery through lead optimization.
Acadia Pharmaceuticals announces the Rett Sibling Scholarship
SAN DIEGO — Acadia Pharmaceuticals Inc. announced the establishment of the Rett Sibling Scholarship, sponsored by Acadia to shine a light on the impact of Rett syndrome on the entire family, including siblings. The program will award 10 scholarships of $5,000 to eligible siblings of individuals living with Rett syndrome for the 2024-2025 academic year. Applications are available now and can be submitted online through January 31, 2024.
Persephone Biosciences appoints Daniel Bradbury to board
SAN DIEGO — Persephone Biosciences Inc., a biotechnology company reimagining patient health through the development of microbiome-based medicines, announced that it has appointed Daniel Bradbury as chair of the Board of Directors. Bradbury has over 35 years of experience leading global, fast-growing life sciences companies. He currently serves as executive Chairman of Equillium, a biopharmaceutical company he co-founded.
No Limits Walk & Roll set for Oct. 28
SAN DIEGO — No Limits Walk & Roll will take place 9-11:30 a.m. on Oct. 28 at De Anza Cove on Mission Bay for a walk to benefit United Cerebral Palsy of San Diego County. This 3.5 mile leisurely family-friendly event for UCP San Diego raises funds to advance the independence, productivity and full citizenship of people affected by Cerebral Palsy and other disabilities. Check in starts at 8:30 a.m. Visit ucpsd.org to sign up or donate.
10th annual Jim Krause Memorial
Charity Cycling Ride the Point
SAN DIEGO — The Point Loma Rotary Club is holding the 10th annual Jim Krause Memorial Charity Cycling Ride the Point supporting pancreatic research at Moores Cancer Center at UC San Diego on Saturday, Nov. 11. The ride starts and ends at Liberty Station and includes exclusive scenic routes throughout San Diego. This local all-volunteer ride has raised over $300,000 for pancreatic cancer research at UCSD Moores Cancer Center. The ride has 5-,25- and 62-mile rides with exclusive routes and challenging climbs.
Phil Deol is new Coldwell Banker Realty
branch manager in La Jolla
LA JOLLA —Coldwell Banker Realty has welcomed Phil Deol as the new branch manager of its La Jolla office. Most recently, Deol has been affiliated with Coldwell Banker in South Orange County, focusing on selling real estate in the coastal markets of Southern California. He is currently president and chairman of GO Ministry International, a nonprofit organization that works with widows, orphans and ministries in need, both locally and internationally.
