Airline Finance News - North America.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 28, 2006 Alaska Airlines Alaska Airlines flew 1.75 billion RPMs in July, up 7.3% from the year-ago month. Capacity rose 6.6% and load factor increased 0.6 point to a July-record 82.8%. Aug 22, 2006 ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment July load factor climbs for ATA says. The load factor for major U.S. airlines rose to 85.8% for domestic and international departures in July, the Air Transport Association reports. The ATA also says the industry's seat capacity is down 1.7% through July. Aug 24, 2006 Delta Air Lines Delta puts regional jet routes up for bidding. Delta Air Lines is 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. bidders for its regional jet service in a cost-cutting move. The routes put out for bidding include those flown by regional affiliates Comair and Skywest. Comair's chief executive says the bidding will force his airline to settle contract negotiations with three labor groups. Delta's RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. is for 143 regional jets includes 43 70-seaters and up to 50 50-seaters to replace existing flying from DL's Atlanta, 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 JFK and Cincinnati hubs, along with some point-to-point flying. It also requests bids for flying up to 50 76-seat RJs that would incorporate first-class seating. Both Embraer with its 175 and Bombardier with the 705 and 900 offer aircraft in this size range. Aug 23, 2006 Delta Air Lines Judge approves Delta pension deal with retired pilots: A bankruptcy judge has approved an agreement to allow Delta Air Lines to pay $9 million in pension obligations to a group of retired pilots. Delta will soon ask the court to end its obligations under qualified pension plans; some retired pilots oppose the motion. Aug 23, 2006 Horizon Air Horizon Air flew 249 million RPMs in July, up 4.8% over the year-ago month, against a 2.9% rise in capacity to 318.8 million ASMs. Load factor rose 1.4 points to 78.1%. Aug 22, 2006 MAIR Holdings, Mesaba Airlines MAIR Holdings, parent of Mesaba Airlines, filed claims totaling $281 million in 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. last week charging partner Northwest Airlines with breach of contract and fraud. Mesaba followed 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 into bankruptcy last October. According to an Aug. 16 court filing, MAIR MAIR Malfunction/Accident/Incident Report MAIR Motion Adaptive Intra Refresh (MPEG) entered a proof of claim for $31.7 million plus other "un-liquidated amounts," alleging "fraud, negligent misrepresentation misrepresentation In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation. , breach of contract and fraudulent inducement." The amount reflects the capital contribution NWA required from Mesaba prior to its entry into bankruptcy, as well as costs incurred and missed payments to the Regional. Additionally, Mesaba filed a proof of claim for an estimated $250 million based on what it described as a breach of contract in the Airline Services Agreement between the carriers. Aug 21, 2006 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 Mesa Air Group 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. Jonathan Ornstein said that Mesa's go! subsidiary would be profitable if it operated 90-seat aircraft. He told the Phoenix Business Journal that the Hawaii startup that began service in June with 50-seat CRJs is losing money only because of the size of the aircraft. He confirmed he is in discussions with the two major regional aircraft manufacturers about switching to 90-seat RJs by next summer. Aug 23, 2006 Northwest Airlines Northwest, attendants obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to bargain, U.S. attorney says: The U.S. attorney's office is urging a judge to stop Northwest Airlines flight attendants from a potential strike. A bankruptcy court judge has already ruled that he does not have jurisdiction to stop a strike, which the attendants are planning to start Friday. The airline is asking a federal judge in Manhattan to hear its appeal Friday, and the U.S. attorney has filed a brief with that court. The union on Wednesday said it has sent contract negotiators home. Aug 24, 2006 Northwest Airlines US government opposes Northwest flight attendant strike. US Dept. of Justice yesterday waded into the dispute between Northwest Airlines and its flight attendants, arguing in a Statement of Interest filed with the US District Court for the Southern District of New York that the Assn. of Flight Attendants-CWA does not have the right to strike because the parties still are bound by the Railway Labor Act The Railway Labor Act is a United States federal law that governs labor relations in the railway and airline industries.. The Act, passed in 1926 and amended in 1936 to apply to the airline industry, seeks to substitute bargaining, arbitration and mediation for strikes as a means . Aug 24, 2006 Northwest Airlines Judge to hear Northwest appeal as strike deadline nears. Northwest Airlines flight attendants have threatened to start random walkouts as early as 9 p.m. Friday, but a court will hear the company's appeal to block the strike earlier that day. The workers' union has set up an e-mail service to alert subscribers to impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. walkouts. Aug 23, 2006 Northwest Airlines Northwest, flight attendants should continue talks: A flight attendants strike at Northwest Airlines would complicate travel for thousands of fliers, the Detroit Free Press The Detroit Free Press is the largest daily newspaper in Detroit, Michigan, USA. It is sometimes informally referred to as the "Freep". Some still refer to it locally as "The Friendly" -- a slogan from an ad campaign in the '70s. editorial board writes. More travelers may stop flying if they face a strike. "Northwest Airlines and its 8,000 flight attendants have 30,000-plus reasons, traveling every day through Detroit alone, to get back to the negotiating table and hash out a workable compromise before Friday's strike deadline," the board writes. Aug 23, 2006 Pinnacle Airlines Pinnacle Airlines, a Northwest Airlink partner, has been notified by NWA that the company is ready to begin renegotiating its Airline Service Agreement, according to a recent filing with the SEC. The current service contract prohibits Pinnacle from operating aircraft with more than 50 seats. In addition to its exclusive agreement with Northwest, Pinnacle CEO Phil Trenary said the Regional will continue to look for other opportunities and has completed work on a second certificate enabling it operate aircraft for other partners. When NWA declared bankruptcy last year, it removed 15 CRJs from the Pinnacle fleet. As a condition for discussions on the service agreement, NWA indicated that Pinnacle needed to complete negotiations for a new collective bargaining agreement The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. with its pilots. The existing agreement became amendable in April. On Aug. 22, Pinnacle filed for mediation with the National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the . Aug 24, 2006 Pinnacle Airlines Pinnacle Airlines flew 381.3 million RPMs in July, an 8.1% drop from the year-ago month. Capacity fell 8.7% to 484.2 million ASMs and load factor rose 0.5 point to 78.7%. Aug 23, 2006 United Airlines United Airlines will close its Washington Dulles reservations facility by mid-October, resulting in the loss of 504 jobs, according to a letter sent last week by the airline to the Virginia Employment Commission cited by the Washington Business Journal. UA issued a release last week saying its fall schedule at IAD (Integrated Access Device) A device that multiplexes a variety of communications technologies in the customer's premises onto a single telephone line for transmission to the carrier. It also demultiplexes the incoming streams into their respective channels. included a 13% increase in departures over the year-ago period. Aug 23, 2006 US Airways US Airways to add segment booking fee. US Airways is the latest carrier to announce it will add a $3.50-per-segment booking fee for agencies that use non-preferred distribution channels. The fee is effective Sept. 1. American, United, Northwest and Continental have already said they will add the fee. Aug 23, 2006 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion