Airline Finance News - North America.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. Alaska Airlines' February traffic increased 6.4% to 1.26 billion RPMs. Capacity rose 2.1% to 1.71 billion ASMs and load factor improved 3 points to 73.7%. Mar 7, 2006 Aloha Airlines Aloha Airlines is an American airline headquartered in Honolulu, Hawaii USA. It operates extensive scheduled services within the Hawaiian Islands, and between Hawaii and the West Coast of the United States. Aloha expects slight growth in profits in 2006. Aloha Airlines emerged from bankruptcy protection in February. In a Q-and-A with USA TODAY USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. , Chief Executive David Banmiller said Hawaii's economy is linked to the airline's success. The airline earned a small profit in 2005 and expects a slightly larger profit in 2006. Mar 10, 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 Work rule changes off the table at American. American Airlines' pilots are objecting to a plan to pay high bonuses to managers. The pilots have shelved plans to make work-rule changes to their contract that would increase productivity. Mar 7, 2006 ATA Airlines ATA Airlines, Inc., formerly known as American Trans Air, is an American low-cost scheduled service and charter airline based in Indianapolis, Indiana. ATA operates scheduled passenger flights throughout the US mainland and Hawaii, as well as military and commercial charter ATA Airlines sets sights on future, may sell stock to the public. ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment recently emerged from a 16-month bankruptcy reorganization, and if it's financial condition improves, the company might sell stock to the public within two years, 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. John Denison said. However, ATA must first earn a profit. Last week, the carrier reported a $455.5 million loss for 2005. Mar 10, 2006 Comair Comair's flight attendant union today began handing out leaflets and briefing passengers at the Cincinnati/Northern Kentucky International Airport Cincinnati/Northern Kentucky International Airport (IATA: CVG, ICAO: KCVG) is located in Hebron, unincorporated Boone County, Kentucky, United States and serves the Greater Cincinnati metropolitan area. The first airplane landed at the airport January 10, 1947. as a new round of negotiations with the company over possible concessions entered a second day. The action also comes a day after the union said a strike is likely if a federal bankruptcy judge allows the airline to void its contract and impose cuts worth $8.9 million a year. Mar 10, 2006 Delta Air Lines Delta, pilots will meet with arbitration panel arbitration panel A group of individuals charged with resolving a dispute between individuals and/or organizations. Arbitration panels to resolve investment disputes are sponsored by self-regulatory organizations such as NASD. on March 13: Delta Air Lines has not reached a tentative cost-cutting agreement with its pilots union. The airline and the pilots will meet with an arbitration panel March 13 to decide whether the carrier can impose a new contract on the pilots. Mar 7, 2006 Delta asks to make payment to auditors, advisers. Delta Air Lines has asked a bankruptcy judge to approve a $3.9 million payment to its auditors and advisers. The airline is now discussing a second-round of long-term cost cuts with its pilots union. Chief Executive Gerald Grinstein said Delta needs to reach an agreement so it can secure the financing necessary to leave bankruptcy. Mar 6, 2006 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. North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Airlines' damages owed to a pilot bringing an unlawful termination suit against the carrier were lowered from $12.6 million to $3.1 million by a California judge last week. The plaintiff has until March 13 to accept the reduction or face a retrial retrial n. a new trial granted upon the motion of the losing party, based on obvious error, bias or newly-discovered evidence. (See: newly-discovered evidence) . Appeals are possible, and another hearing is scheduled for April 26 to assess additional fees. Mar 6, 2006 Northwest Airlines Agreement allows Northwest to fly more small jets. Northwest Airlines could nearly triple the number of small jets it flies under a tentative agreement reached with its pilots union. The agreement would also allow Northwest to form a subsidiary; pilots working for the subsidiary would fly some of the planes. Mar 9, 2006 Some Northwest workers reject contract proposal. Northwest Airlines' baggage handlers rejected a proposed pay cut and authorized a strike on Tuesday. The company will ask 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 the current contract with the workers. Customer service agents approved a similar contract Tuesday. Mar 8, 2006 Northwest pilots would take large pay cut under deal. Northwest Airlines worked out a tentative agreement with its pilots that includes a pay cut of 24% and flying more hours. Northwest says it needs the cuts to emerge from bankruptcy protection. The agreement still needs approval from rank-and-file pilots. Mar 7, 2006 Northwest, pilot negotiators agree on $358 million in givebacks Givebacks is a union term for the reduction or elimination of previously won benefits. . Northwest Airlines and negotiators for its pilots union reached a tentative agreement on a new contract Friday afternoon, postponing the near-term possibility that the US Bankruptcy Court will impose a settlement, potentially leading to a walkout by the pilots. Mar 6, 2006 Northwest, pilots reach tentative agreement. Northwest Airlines and its pilots union reached a tentative contract agreement Friday. Terms were not disclosed, but the airline said the deal includes the $358 million in annual savings it was seeking. The agreement needs approval from rank-and-file pilots. Pilots drive a hard bargain for bankrupt carriers: Bankrupt airlines have asked employee groups to take pay cuts as they struggle to reorganize their finances. Pilots are usually the last holdouts in union negotiations. The national pilots union has proven to be a tough and sophisticated negotiator, observers say. Mar 6, 2006 United Airlines Cost of United's restructuring to exceed $335 million. Legal and consulting work done during United Airlines' bankruptcy restructuring will cost more than $335 million, according to court filings. A United spokeswoman called the costs "expensive and necessary." Lawyers who worked on the case said it was among the largest and most complicated bankruptcy reorganizations ever. Mar 10, 2006 Law firm submits bill for United's bankruptcy case. The law firm that handled United Airlines' bankruptcy case has submitted a bill of $99.8 million in fees and expenses. More than 300 Kirkland & Ellis lawyers worked on the case, according to a filing. United's bankruptcy was the largest, longest airline reorganization in history. One expert noted fees related to bankruptcy climbed 7% annually between 1998 and 2003. Mar 9, 2006 WestJet WestJet Executive VP-Finance and CFO See Chief Financial Officer. Alexander Campbell will be leaving the company June 15. In a statement, he said that "now is the best time to make a change." He will assist during the transition period. He becomes the second senior executive to depart in recent months. Last fall, Executive VP-Operations Tim Morgan, a WestJet cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found , announced his departure for personal reasons. Another cofounder, Mark Hill, stepped down in the wake of an ongoing lawsuit filed by Air Canada alleging that Hill and other WestJet officials illegally entered AC's reservations system to gather sensitive booking data. Mar 9, 2006 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion