Airline Finance News - North America.Aug 27, 2007 A growing number of corporate travel managers this year said their companies are curtailing air travel spending, supporting concerns of weakening demand, a UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System airline analyst said in a report today. Aug 24, 2007 Airline stocks low for value. Columnist Ted Reed Ralph Edwin Reed (born October 18, 1890, in Beaver, Pennsylvania, died February 16, 1959) was a professional baseball player who played 1 season for the Newark Pepper of the Federal League. References
Airlines hiring. For the fifth month in a row, U.S. commercial airlines have increased their employee ranks. 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. the DOT Bureau of Transportation Statistics The Bureau of Transportation Statistics (BTS), as part of the United States Department of Transportation, compiles, analyzes, and makes accessible information on the nation's transportation systems; collects information on intermodal transportation and other areas as needed; and , U.S. airlines employed 2.3% more workers in June than they had a year earlier. Aug 22, 2007 Airlines file arguments with DOT over China routes. The seven airlines competing for lucrative routes to China are each filing statements with the Transportation Department in support of their own claims and in opposition to those of the others. A DOT spokesman said a decision about the routes could be made by the end of the month. Aug 20, 2007 Growth in aviation may outstrip out·strip tr.v. out·stripped, out·strip·ping, out·strips 1. To leave behind; outrun. 2. To exceed or surpass: "Material development outstripped human development" technological gains. Technological improvements are increasing the fuel efficiency of aviation, and more improvements are in the pipeline. However, the sheer growth of the industry may overtake the benefits. Aug 20, 2007 Air Canada Air Canada and Jazz flew a combined 5.05 billion RPMs in July, up 1.9% on the year-ago month, against a 2.9% lift in capacity to 6.17 billion ASMs. Load factor fell 0.9 point to 81.8%. Aug 20, 2007 AirTran Airways AirTran Airways is a low-cost airline that is a Delaware corporation with headquarters in Orlando, Florida, USA and is a subsidiary of AirTran Holdings. AirTran operates over 750 daily flights throughout the eastern USA and the Midwest, including over 270 daily departures from AirTran pilots to vote on contract. AirTran Airways' 1,450 pilots are voting on a union-opposed "last, final offer" four-year contract with AirTran. Union officials say scheduling and "quality of life" issues are at the root of their opposition. AirTran officials say the contract is competitive with those offered by larger airlines. Aug 20, 2007 Alaska Air Group Alaska Air Group posted a first-half net profit of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $35.8 million on revenue of USD$1.66 billion. Alaska Air's Horizon Air unit began flying short-haul, regional routes for Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. at the beginning of this year. The company also said that Alaska Airlines' passenger revenue per available seat mile, or unit revenues, fell 1.4 percent in July, primarily due to weaker average ticket prices. Aug 23, 2007 Alaska Air Group Alaska Airlines' short-haul, regional flying operations is likely to post a loss for the second half of the year, adding to losses in the first half, parent Alaska Air Group said on Thursday. The company said in a filing with the US Securities and Exchange Commission that it expected short-haul passenger revenue to exceed costs in the third quarter, but not in the fourth quarter. As a result, the company expects Alaska Airlines' loss from short-haul flying for the full year to be bigger than that of the first half of 2007, "but not a multiple of it." The company said the first-half loss from short-haul flying was USD$13.2 million. Aug 23, 2007 Alaska Airlines Alaska Air Group said in a filing to the US Securities and Exchange Commission that it expects to incur a full-year operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. from its regional operation in excess of the $13.2 million suffered in the first six months, "but not a multiple of it." Horizon Air capacity is expected to increase 15%-16% in the third quarter, with unit cost falling 6%-7% to 16.7-16.8 cents. Revenue will exceed expenses during the period, but AAG AAG Association of American Geographers (Washington, DC) AAG Assistant Attorney General AAG Asociación Argentina de Golf AAG Anti-Aircraft Gun AAG Assistant Adjutant General AAG Australian Association of Gerontology expects costs to surpass revenue in the fourth quarter. At Alaska Airlines, third-quarter capacity is expected to rise 2%-3% to 6.27-6.34 billion ASMs while CASM CASM Cost per Available Seat Mile CASM Communities and Small-scale Mining CASM Canadian Academy of Sports Medicine CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK) CASM Coherent Adaptive Subcarrier Modulation is expected to decline 16%-17% to 10.6-10.7 cents. July unit revenue fell 1.2% year-over-year, with passenger RASM RASM Revenue per Available Seat Mile RASM Reliability, Availability, Scalability and Manageability (Red Hat, Inc.) RASM Rear Admiral Submarines (UK) RASM Recorded Announcement Systems Manager down 1.4% as yields dropped. Aug 24, 2007 Alaska Airlines Alaska Air Expects Q2 Short-Haul Loss Alaska Airlines' short-haul, regional flying operations is likely to post a loss for the second half of the year, adding to losses in the first half, parent Alaska Air Group said on Thursday. Aug 23, 2007 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 , Google American Airlines sues Google over ads triggered by trademark. American Airlines is suing Google for unspecified damages over its use of the carrier's trademark to trigger the delivery of ads to Web surfers using its search engine. American says the practice could confuse customers who are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. its Web site. Aug 20, 2007 Colgan Air Colgan Air is an American fully certificated regional airline subsidiary of Pinnacle Airlines Corporation. Headquartered in Manassas, Virginia, its major hubs are New York's LaGuardia Airport, Boston's Logan International Airport, Washington Dulles International Airport, and Colgan Air pilots voted to reject a bid to join the Air Line Pilots Assn. Colgan operates a fleet of Saab 340s and Beech 1900s under partnerships with US Airways, United Airlines and Continental Airlines. Aug 23, 2007 Continental Airlines Continental opts out of N.J. arena deal. The Continental Airlines arena in East Rutherford, N.J., will be getting a new sponsor and a new name. Continental will exercise its option to pull out of the arrangement now that one of the arena's main draws, the NHL's New Jersey Devils The New Jersey Devils are a professional ice hockey team based in Newark, New Jersey. They are members of the Atlantic Division of the Eastern Conference of the National Hockey League (NHL). The Devils have won the Stanley Cup three times, in 1995, 2000, and 2003. , will be leaving. Aug 22, 2007 Delta Air Lines Anderson assures pilots' union Delta will stay independent. Incoming Delta Air Lines CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard Anderson expects the carrier to remain independent, according to MEC MEC Ministério da Educação (Ministry of Education) MEC Ministerio de Educación y Ciencia (Spain: Ministry for Education and Science) MEC Mountain Equipment Co-Op pilots' union chairman Lee Moak. "While industry consolidation has been predicted for some time and may eventually take place, Mr. Anderson Mr. Anderson can refer to several fictional characters:
Delta Air Lines Comparing Delta's retiring and incoming CEOs Delta Air Lines employees hailed retiring CEO Gerald Grinstein Gerald Grinstein is the former CEO of Delta Air Lines, Inc. of Atlanta, Georgia, the world's second largest airline. Grinstein came to the position in 2004, after CEO Leo F. as a hero after the company emerged from bankruptcy independent and strong. Incoming CEO Richard Anderson will take the helm of a recovering airline. Aug 24, 2007 Delta Air Lines It won't be easy for Anderson to replace Delta's retiring hero. Delta Air Lines employees hailed retiring CEO Gerald Grinstein as a hero after the company successfully held off a hostile takeover Hostile Takeover A takeover attempt that is strongly resisted by the target firm. Notes: Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm. by rival carrier US Airways and emerged from bankruptcy independent and strong. The millions of dollars he passed up and instead directed to employee causes didn't hurt, either. Incoming CEO Richard Anderson will take the helm of a recovering airline and will lead employees who expect to share in the benefits of its recovery. Aug 24, 2007 Delta Air Lines Richard Anderson, Delta Air Lines newly appointed CEO, moved to quash rumors about a possible merger with his former employer, Northwest. "Stability and security, we want to control our own destiny and we want our employees to have stability and to have prosperity in their careers at Delta," he said. Competition with other airlines will be a part of that effort. "We will be ferocious competitors," Anderson said. Aug 23, 2007 Delta Air Lines Delta CEO choice renews speculation about merger possibilities: Delta's new CEO, Richard Anderson, spent 14 years at Northwest, where he also served as CEO. Industry observers speculate that the two carriers might at some point consider a merger because their service routes complement each other. Anderson said that doesn't mean a plan exists to merge the two airlines. Aug 22, 2007 Delta Air Lines Delta Air Lines today announced that former Northwest Airlines CEO Richard Anderson will take the CEO post when Gerald Grinstein retires on Sept. 1. The company also appointed chief financial officer Ed Bastian to president and CFO See Chief Financial Officer. . Aug 21, 2007 Delta Air Lines Delta Air Lines flew 12.34 billion system RPMs in July, a 4.9% increase over the year-ago month, as domestic traffic rose 0.5% and international climbed 14.6%. Capacity grew 3.2% to 14.22 billion ASMs on a 2.1% domestic decline and a 15.5% international gain. System load factor rose 1.4 points to 86.8%, the highest single-month load factor in the carrier's history. Domestic load factor was up 2.2 points to 87.9% and international 0.1 point to 85%. Aug 20, 2007 Midwest Airlines
Midwest Airlines is an American scheduled passenger airline based in Milwaukee, Wisconsin, operating from General Mitchell International Airport. Midwest Airlines and Midwest Connect flew a consolidated 489.3 million RPMs in July, up 25.9% from the year-ago month. Capacity rose 24.9% to 578.6 million ASMs and load factor gained 0.7 point to 84.6%. The company estimated a 3.6% decline in yield to 13.63 cents and a 3.5% fall in RASM to 12.58 cents. Aug 21, 2007 Republic Airways Republic Airways flew 795.1 million RPMs in July, up 22.6% on the year-ago month. Capacity climbed 19.3% to 990.6 million ASMs, lifting load factor 2.2 points to 80.3%. Aug 21, 2007 Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest. Southwest Airlines Co. Southwest increases passenger traffic. Southwest Airlines may this year become the world's largest carrier, measured by passenger traffic. Southwest carried 40.3 million passengers on domestic routes between January and May, an increase of 4.2% from last year. American carried 40 million passengers during the same period, down 1.8% from last year. Delta Air Lines, United Airlines and Northwest Airlines also made the top five. Aug 20, 2007 Swissair, SAirGroup Swissair and SAirGroup liquidators will start making payments to creditors in November, Wenger Plattner, the Swiss law firm handling the liquidation, announced last week. An initial payment of CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 519.4 million ($429.7 million) will include a first installment for nonpreferential creditors. So far, SAirGroup's creditors have filed claims totaling CHF48.9 billion, of which CHF9.8 billion have been accepted for payment, Wenger Plattner said. It added that CHF29.3 billion worth of claims have been rejected while appeals or decisions are pending on the rest. Aug 21, 2007 United Airlines United Airlines, on Thursday said it may seek third-party investors to expand its maintenance business into new markets and help cut costs. Aug 23, 2007 WestJet airlines WestJet flew 1.05 billion RPMs in July, up 17% on the year-ago month. Capacity grew 16% to 1.27 billion ASKs and load factor rose 1.1 points to 82.6%. Aug 24, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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