Airline Finance News - North America.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jun 19, 2006 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 flew 1.5 billion RPMs in May, a 7.9% increase over the year-ago month. Capacity rose 6.9% to 1.93 billion ASMs, lifting load factor 0.7 point to 77.5%. Jun 12, 2006 Delta Air Lines Delta Air Lines asked Wednesday for a four-month extension to the exclusivity period for filing its reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. . The period is set to expire on July 11. The airline said in its filing submitted to the US 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. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of that the extension to Sept. 9 is required to address pension plan obligations, retiree benefit issues and its business model, "among other things." Jun 16, 2006 Delta Air Lines Delta wants more time for reorganization plan. Delta Air Lines has asked a bankruptcy judge for more time to exclusively file its reorganization plan. The carrier is scheduled to propose a plan by July 11. It has asked for an additional four months. Jun 15, 2006 Hawaiian Airlines Hawaiian Airlines is the 11th largest commercial airline in the United States. It is the largest airline based in the State of Hawai'i and is commonly referred to by the acronym "HAL". Hawaiian Airlines flew 555.1 million RPMs in May, a 1.6% rise over the year-ago month. Capacity fell 0.1% to 639.4 million ASMs, lifting load factor 1.4 points to 86.8%. Jun 15, 2006 Northwest Airlines Northwest, flight attendants agree to resume talks. Northwest Airlines and the Professional Flight Attendants Assn. agreed to resume contract negotiations Wednesday after union members last week voted overwhelmingly to reject a tentative agreement between the airline and union negotiators. In a statement, Northwest noted that any new proposal "must meet the $195 million cost reductions target for our flight attendant group plus the necessary other relief, in an appropriate timeframe." Jun 13, 2006 Northwest Airlines Northwest Airlines equipment service and stock clerk employees, represented by the International Assn. of Machinists, ratified their new labor contract Friday, with 62% of those voting approving the five-year deal reached last month. The group had rejected an earlier deal. "It was a choice between bad and worse," 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]. District 143 President Bobby DePace said, referring to the possibility that the US Bankruptcy Court might impose terms if a second agreement was rejected. Together with the deal already approved by IAM-represented customer service, reservations and office employees, the agreement will contribute $190 million in cost savings toward NWA's $1.4 billion goal. Jun 12, 2006 SkyWest SkyWest, parent of 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 and Atlantic Southeast Airlines For the defunct low-fare airline, see . Atlantic Southeast Airlines (ASA) is a fully certificated American airline based in Atlanta, Georgia, USA flying to 144 destinations as a Delta Connection carrier. It is a wholly owned subsidiary of SkyWest, Inc. , said its airlines flew a combined 1.36 billion RPMs in May, a 117.6% rise over the year-ago month. Capacity climbed 100.6% to 1.71 billion ASMs and load factor increased 6.2 points to 79.6%. Jun 15, 2006 United Airlines United Airlines will lay off at least 1,000 salaried workers by year end, 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. Glenn Tilton said yesterday at the Merrill Lynch Global Transportation Conference in New York. The figure represents approximately 11% of UA's salaried employees. Overall, the airline is targeting savings of $400 million in 2007. Tilton said the layoffs will be part of a $100 million reduction in general and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. that will accompany a $200 million cut in purchased services and a $60 million reduction in advertising and marketing expenses. Jun 15, 2006 |
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