Airline Finance News - North America.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 10, 2006 Airlines post record load factors. Strong demand for travel and reduction in capacity have allowed airlines to boost fares and increase load factors. Strong demand for travel has allowed U.S. carriers to raise ticket prices by 10% so far in 2006. In June, load factors approached 90%, which is about as high as they can go, an industry economist said. Carriers are expected to continue raising fares for six months to offset the high cost of jet fuel. Airlines also posted a lower on-time rate in May, compared with the same time a year ago. Jul 7, 2006 Airline Shares Drop. Airline shares slumped in midday
Airline stocks dip slightly; carriers post strong June traffic. The Amex Airline Index dropped less than 1% on Wednesday, a day when carriers reported gains in June traffic. Airlines could continue posting higher unit revenue. Unit revenue could continue climbing for U.S. airlines, 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. industry analysts. The Air Transport Association said mainline mainline Drug slang verb To inject a drug unit revenue climbed 12.6% in May for seven major carriers, and the average airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. had 80.7% of its seats filled in May. Jul 5, 2006 ACE Aviation, Air Canada, Air Canada Jazz Jazz Air LP (Air Canada Jazz) is a Canadian regional airline based in the Halifax Regional Municipality, at the Halifax Stanfield International Airport in Enfield, Nova Scotia. ACE Aviation Sells More US Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. Stock. ACE Aviation Holdings ACE Aviation Holdings Inc. TSX: ACE.B is a Canadian holding company that provides commercial airline service and technical support and is the parent company of Air Canada. , the holding company for Air Canada and regional carrier Air Canada Jazz, on Friday said it sold another 2.75 million shares of its stake in US Airways Group US Airways Group Inc. NYSE: LCC is the Tempe, Arizona-based airline holding company that operates US Airways, US Airways Express and America West Airlines. It also operates additional companies that provide associated services. Inc. on the open market for $137.9 million, or just over $50 per share. Jul 7, 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 reported Wednesday that it flew flat traffic (actually down, but by only one-tenth of 1 percent) on capacity down 3.1 percent. American June traffic at a glance: Revenue passenger miles Revenue passenger miles (RPMs) is a measure of a passenger traffic for an airline flight, bus, or train calculated by multiplying the total number of revenue-paying passengers aboard the vehicle by the distance traveled measured in miles. : 12.66 billion. Year before: 12.67 billion. Available seat miles Available seat miles (ASM) is a measure of an airline flight's passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles flown. This measures an airlines capacity for transporting passengers. : 14.82 billion. Year before: 15.29 billion. Load factor: 85.4 percent. Year before: 82.8 percent. On Asia-Pacific routes, American flew 649.8 million RPMs on 729.3 million ASMs to produce a regional load factor of 88.9 percent. Jul 6, 2006 Continental Airlines Continental Airlines Raises $156 Million From Sale of Copa Stock. Continental Airlines Inc. said Wednesday that it raised $156 million by selling shares in the parent of Panama's Copa Airlines and contributed nearly half the proceeds to its pension plans. Continental said it sold 7.5 million of its 11.9 million shares of Copa Holdings S.A. U.S.-traded shares of Copa Holdings SA fell 11 cents to close at $23.09, while Continental shares rose 66 cents, or 2.2 percent, to $30.16 Wednesday on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Jul 5, 2006 Continental Airlines Continental Airlines flew almost 85 percent full in June, roughly two points better than at the same time last year. Houston-based Continental said its systemwide, mainline and international load factors, all in the same range, were all records. Traffic grew 13.7 percent on capacity that grew 10.6 percent, so the load factor improved by 2.3 percentage points from a year ago. June traffic at a glance: Revenue passenger miles: 8.22 billion. Year before: 7.23 billion. Available seat miles: 9.73 billion. Year before: 8.80 billion. Load factor: 84.5 percent. Year before: 82.2 percent. Continental flew 653.3 million revenue passenger miles on its Continental Micronesia Continental Micronesia is a wholly owned subsidiary airline of Continental Airlines. It operates daily flights to Honolulu, Hawaii, as well as international services to Asia, Micronesia and Australia from its base of operations at Antonio B. network, reflecting 7.4 percent more traffic on 6.8 percent more capacity. Micronesia load factor rose half a point to 81.6 percent. Continental serves Hawaii directly from Newark, Houston, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Guam. Jul 5, 2006 Continental Airlines Continental Airlines Reports June 2006 Operational Performance. Continental Airlines today reported a June consolidated (mainline plus regional) load factor of 84.5 percent, 2.3 points above last year's June consolidated load factor, and a mainline load factor of 84.8 percent, 1.9 points above the June 2005 mainline load factor. The carrier reported a domestic mainline load factor of 86.7 percent, 2.0 points above June 2005, and an international mainline load factor of 82.7 percent, 1.9 points above June 2005. All four were records for June. The carrier also reported a record daily load factor of 94.0 percent on June 30, 2006, for Continental operations (which excludes regional and Continental Micronesia). Jul 3, 2006 Delta Air Lines Delta Air Lines has posted its highest load factor for any month ever, 84.5 percent, and says in June it flew 94.4 percent full, its all-time record. Other airlines flew fuller. Delta said Thursday its traffic was down 8.8 percent on capacity down 11.1 percent from June 2005 to June 2006. Delta June traffic at a glance: Revenue passenger miles: 11.11 billion. Year before: 11.12 billion. Available seat miles: 13.16 billion. Year before: 13.57 billion. Load factor: 84.5 percent. Year before: 82.0 percent. On its Asia-Pacific route network, Delta flew 103.6 million RPMs on 110 million ASMs for a regional load factor of 94.1 percent. Delta is but the latest Mainland carrier to post record load factors. Jul 6, 2006 Delta Air Lines Delta Air Lines went from 4,854 flights to 4,198 flights, a 13.5 percent decline. Together, the two airlines, which entered Chapter 11 bankruptcy on the same day last September, have cut more than 1,000 daily flights as they restructure. Locally, Delta cut more than 23 percent of its flights from Raleigh Durham International Airport between June 2005 and June 2006, RDU RDU Remote Display Unit RDU Rassemblement pour la Démocratie et l'Unité (French: Rally for Democracy and Unity, Mauritania) RDU Reasonable Drivers Unanimous RDU Remote Diagnostic Unit (Bendix ABS) spokeswoman Jill Denning Denning can be: ...a placename, as in the following
Mesaba Airlines Mesaba Airlines is an American regional airline based in Eagan, Minnesota. The airline operates under Mesaba Aviation, Inc. a wholly owned subsidiary of Northwest Airlines. All of its flights are operated under the name Northwest Airlink for Northwest Airlines. Creditors want hand in Mesaba labor deals. The creditors committee of Mesaba Airlines Inc. is offering to help broker a deal between the Eagan-based airline, which is in Chapter 11 bankruptcy, and its unions. Jul 6, 2006 Northwest Airlines Northwest Airlines flight attendants voted on Thursday to throw out their independent union and join the larger, stronger Association of Flight Attendants The Association of Flight Attendants (commonly known as AFA) is a union representing flight attendants in the United States. AFA represents 55,000 flight attendants at 20 airlines, making it the world's largest flight attendant union. . But with Northwest free to impose new pay cuts and work rule changes on July 17, it may be too late for the new union to negotiate improvements. Jul 6, 2006 Northwest Airlines Northwest Airlines reported Wednesday that it had 8.8 percent less June traffic on 11.1 percent less capacity, and flew almost 89 percent full systemwide. Revenue passenger miles: 7.01 billion. Year before: 7.68 billion. Available seat miles in June: 7.88 billion. Year before: 8.87 billion. Load factor: 88.9 percent. Year before: 86.6 percent. On Asia-Pacific routes, Northwest flew 1.7 billion RPMs, down 8.1 percent, on 1.86 billion ASMs, down 7.2 percent, for a 92.5 percent regional load factor. Northwest is the busiest non-Japanese carrier at Tokyo Narita and flies to Hawaii from both Tokyo and Osaka. Jul 6, 2006 Northwest Airlines Northwest Airlines, which has been operating under bankruptcy protection, on Wednesday said passenger traffic declined 8.8 percent in June due to weakness on domestic and international flights. Jul 5, 2006 United Airlines United Airlines Traffic Rises 2.3 Percent in June. United Airlines said Wednesday June traffic rose as the airline increased the number of seats available and filled a higher percentage of them. United said revenue passenger miles rose 2.3 percent last month to 10.76 billion from 10.51 billion in the year-ago month. A revenue passenger mile represent one paying passenger flown one mile. The airline's capacity, or available seat miles, grew 2.2 percent to 12.18 billion from 11.92 billion last year. United's load factor, or the percentage of available seats filled, expanded to 88.3 percent from 88.1 percent. For the year to date, revenue passenger miles are up 4.2 percent to 58.15 billion, capacity has increased 2.3 percent and load factor expanded to 82.4 percent from 80.8 percent. Jul 5, 2006 US Airways US Airways Says Cash Holdings Are Growing, Updates Fuel Hedges Through 2006. US Airways Group said Friday it has 41 percent of its fuel hedged for the second quarter, as the airline tries to lock in fuel prices before they escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. further. The Tempe, Ariz.-based carrier said in a filing with the Securities and Exchange Commission that its second-quarter hedges are set at an equivalent price of $67.37 per barrel of oil. With the hedges, the airline expects to pay between $2.15 and $2.20 per gallon for jet fuel in the second quarter, including taxes. Jul 7, 2006 US Airways US Airways June Traffic Falls 5.8 Percent US Airways Group Inc. on Thursday said passenger traffic slid 5.8 percent in June, driven lower by a weaker performance on both its US Airways and America West flights. Jul 6, 2006 Wisconsin Airlines Wisconsin Supreme Court The Wisconsin Supreme Court is the highest appellate court in the state of Wisconsin. The Supreme Court has jurisdiction over original actions, appeals from lower courts, and regulation or administration of the practice of law in Wisconsin. Upholds State Property Tax Exemption tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various for Wisconsin Airlines. In a 5-2 decision, the Wisconsin Supreme Court has upheld a state property tax exemption for airlines operating hub facilities in Wisconsin. Jul 7, 2006 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion