Airline Finance News - North America.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm US Dept. of Transportation said US airlines employed 5.4% fewer workers in March than in the year-ago month, the 15th consecutive year-over-year decline in the number of full-time equivalent Full-time equivalent (FTE) is a way to measure a worker's involvement in a project, or a student's enrollment at an educational institution. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. employees. The carriers employed approximately 405,000 in March. Network airlines reported a 7.4% drop, low-cost carriers fell 3% and Regionals decreased 1.9%. May 23, 2006 American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the American Airlines is facing $1bn in cuts over the next year to stay viable, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. chief executive Gerard Arprey. He told shareholders that the key to profitability is to be on the lookout for in search of; looking for. See also: Lookout cost-cutting measures and to aggressively change business plans when needed. American lost $92m in its first quarter. No details were given of how the cost-cutting would be implemented, but better fuel efficiency will be one of the keys. May 26, 2006 American Airlines Raise fares to cover fuel costs. Airlines have lost billions in recent years because air fares are too low, American Airlines Chief Executive Gerard Arpey Gerard J. Arpey is the Chairman, President, and Chief Executive Officer (CEO) of AMR Corporation, parent company to American Airlines, the world's largest airline. External links
American Airlines, Hawaiian Air Airlines issue more shares to raise cash. Some airlines are selling new shares to investors to raise money. American Airlines and Hawaiian Air have recently issued new shares, for example. May 25, 2006 Delta Air Lines Pension agency opposes Delta's agreement with pilots. The Pension Benefit Guaranty Corp. said it opposes an agreement between Delta Air Lines and its pilots union. Under the agreement, Delta would pay pilots $650 million if it terminates their pension plan. May 26, 2006 Delta Air Lines Retired Delta pilots say court should reject agreement. A group representing retired Delta Air Lines pilots asked a bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. to reject a contract agreement because it would cut pension benefits for the retired workers. Delta said the agreement is a key part of its plan to exit bankruptcy protection. May 24, 2006 Northwest Airlines Northwest may lay off workers under new contract. A tentative agreement between Northwest Airlines and its ground workers union would allow the company to lay off 700 workers, union representatives said. The airline does not now know how many positions it will eliminate. May 23, 2006 Northwest Airlines Northwest Airlines and the International Assn. of Machinists, representing approximately 5,600 equipment service and stock clerks, announced a tentative labor agreement Friday. The ESSC ESSC Earth System Science Center (Pennsylvania State University) ESSC Earth System Science Center (University of Alabama; Huntsville, AL) ESSC Environmental Systems Science Centre employees were one of two IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. groups to reject a previous agreement that was accepted by customer service and reservation staff. "We were able to get the company to change some of their demands. Even with this movement, the committee is still disappointed. However, the committee recommends ratification of this tentative agreement to avoid the elimination of our contract," the union's negotiating committee said on its website. Terms of the deal were not disclosed. May 22, 2006 SkyWest Airlines
Skywest Airlines Pty Ltd is a regional airline company based in Perth, Australia servicing key towns in the state of Western Australia as well as charter SkyWest Airlines flew 1.27 billion RPMs in April, a 112.8% increase over the year-ago month. Capacity rose 101.7% to 1.64 billion ASMs and load factor increased 4.1 points to 77.6%. May 23, 2006 World Air Holdings World Air Holdings, parent of World Airways and North American Airlines North American Airlines is an American airline based in New York City, USA. It operates scheduled international services from the USA to Africa and Guyana, as well as domestic and international charter services and wet lease services. Its main base is John F. , will be delisted from the Nasdaq market today for failing to file necessary financial reports on time. World, which has been delisted in the past, plans an immediate appeal. It has yet to file its full-year 2005 or first-quarter 2006 earnings, saying that it is resolving issues related to its April 2005 acquisition of NAA NAA Nomina Anatomica Avium. . May 22, 2006 |
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