Airline Finance News - North America.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 3, 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 plans to spend $3.5 million to upgrade at its Nome, Alaska Nome is a city located on the southern Seward Peninsula coast of Norton Sound in the Nome Census Area of the U.S. state of Alaska. According to 2005 Census Bureau estimates, the city population was 3,590. , Airport terminal. Construction is scheduled to begin this month and be completed in March 2007. The existing passenger lobby will be almost doubled in size and renovated. The carrier currently operates three flights a day in and out of Nome. Jun 30, 2006 Comair Comair asked 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. again to void its labor contract with 1,100 flight attendants following a breakdown in negotiations over a new agreement. The Cincinnati-based Regional, a subsidiary of Delta Air Lines, is seeking $8.9 million in annual concessions from the flight attendants and sought court permission in April to cancel the contract. That request was rejected by the court, which concluded that Comair had failed to offer flight attendants a "fair and equitable" contract. The bankrupt carrier is attempting to shed more than $40 million in annual costs and has reached cost-cutting agreements with its mechanics and pilots. Those deals are contingent on the flight attendants also reaching an accord, however. The airline asked the court to reverse its earlier decision while the union urged the court to keep negotiations going. Jun 28, 2006 Comair Comair Asks to Void Attendants' Contract. Delta Air Lines Inc. subsidiary Comair has again asked a federal bankruptcy judge to allow the regional airline to impose concessions on its flight attendants that it says it needs to emerge from bankruptcy. Jun 27, 2006 Delta Air Lines Delta Air Lines, still trading in bankruptcy, is making a vigorous effort to attract economy class passengers and sees itself as America's number one international airline. Unlike some of its home based competitors from today customers seated in the coach (economy) cabin on most of Delta's international flights will receive printed menus; a complimentary choice of cocktail, beer or wine during the main in flight meal service; and a mid-flight snack. By the autumn Delta will provide coach customers with their own personal amenity kit that will include eyeshades and ear plugs for a more relaxing flight. Seats are going all leather. These upgrades complement Delta's introduction of an improved international BusinessElite with new seats, digital on-demand entertainment, and more upmarket up·mar·ket adj. Appealing to or designed for high-income consumers; upscale: "He turned up in well-cut clothes . . . and upmarket felt hats" New Yorker. dining. http://www.delta.com Jun 30, 2006 Delta Air Lines Delta Gets More Time to File Plan. A 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 bankruptcy judge on Friday granted Delta Air Lines Inc.'s request for a four-month delay to exclusively file 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. . Jun 30, 2006 Delta Air Lines Delta Loses $16 Million in May. Delta Air Lines said Thursday it lost $16 million in May. The Atlanta-based company, which is operating under bankruptcy protection, said in a filing with the court that the loss amounted to 8 cents a share. Jun 29, 2006 Hawaiian Airlines Hawaiian Airlines filed a motion seeking a court order to stop Mesa Air Group Mesa Air Group (NASDAQ: MESA) is a Nevada Corporation[1] commercial aviation holding company with headquarters in Phoenix, Arizona. The company operates three regional airline subsidiaries: Mesa Airlines, Freedom Airlines, and Air Midwest, and five supporting from issuing inter-island tickets for its new startup carrier go!, which began service June 9. According to the Associated Press, Hawaiian claims to have proof that Mesa's CFO See Chief Financial Officer. used "highly confidential documents and trade secrets obtained from Hawaiian in April 2004." At that time, Mesa was among a group of potential bidders for the bankrupt island carrier. In February, Hawaiian filed suit against the Regional and Mesa responded a month later with a countersuit coun·ter·sue tr.v. coun·ter·sued, coun·ter·su·ing, coun·ter·sues Law To bring proceedings against (a plaintiff) in direct opposition to a suit brought against onself. charging Hawaiian with violating antitrust laws antitrust laws n. acts adopted by Congress to outlaw or restrict business practices considered to be monopolistic or which restrain interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract, combination.... . Jun 30, 2006 JetBlue Airways JetBlue reconsiders participation in GDSs as means to reach business travel market. JetBlue Airways is "looking seriously" at GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards participation, according to David Neeleman, chairman and chief executive officer. At the Merrill Lynch Global Transportation Conference, Neeleman said the airline was missing out on business by not being in corporate travel departments' booking systems. He acknowledged that when JetBlue participated in Sabre, the average fares booked through the GDS were higher than those booked directly with the airline. Jun 27, 2006 Mesaba Airlines Mesaba an anchor on MAIR's bottom line. MAIR Holdings, parent of Mesaba Airlines and Big Sky Airlines, reported a loss of $82.8 million in a fiscal year ended March 31 that turned on the bankruptcy of its primary subsidiary last fall. Jun 27, 2006 Mesaba Airlines Mesaba running low on cash. Mesaba Airlines could deplete de·plete v. 1. To use up something, such as a nutrient. 2. To empty something out, as the body of electrolytes. its $21 million cash balance by Sept. 1, a top official of the Minneapolis-based carrier warned a bankruptcy judge yesterday, according to media reports. Jun 27, 2006 Northwest Airlines NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer lost $88M in May. Northwest Airlines posted an $88 million net loss for May, according to media reports. Jun 30, 2006 Northwest Airlines Bankruptcy Court Judge Grants Northwest Airlines' Motion to Reject its Contract With Flight Attendants. Northwest Airlines said today that Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York granted the airline's motion to reject its contract with flight attendants, represented by the Professional Flight Attendants Association The Professional Flight Attendants Association (PFAA) was an independent union which represented the approximately 10,000 flight attendants employed by Northwest Airlines in North America. . Jun 29, 2006 United Airlines United Accelerates Pilot Recall. United Airlines said Friday it is accelerating its recall of pilots after canceling flights last weekend when not enough pilots were available. Jun 30, 2006 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion