Airline Finance News - North America.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Sep 11, 2006 Court ponders test case on unions, bankruptcy. Representatives of air carriers and their labor unions are watching and waiting this week as a U.S. District Court 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 ponders a decision that could have important ramifications ramifications npl → Auswirkungen pl for future restructuring efforts. A ruling would set a legal precedent with sweeping implications for any carrier or union involved in labor disputes during bankruptcy, airline consultant Robert Mann
Founding member and first violinist of the Juilliard String Quartet for 52 years, American Robert Mann (1920-) is also a composer, conductor and mentor to younger generations of string musicians. said. Sep 4, 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 says better maintenance productivity will save millions. American Airlines plans to reduce flight delays and save $95 million per year by improving productivity at maintenance facilities. The airline also says it will save money by simplifying operations at its hubs in Dallas and Chicago. Sep 8, 2006 American Airlines American Airlines flew 12.48 billion system RPMs in August, a 1.4% decline from the year-ago month. Capacity dropped 1.9% to 15.21 billion ASMs and load factor rose 0.4 point to 81.9%. Domestic RPMs fell 4.1% against a 4.8% drop in capacity to 9.64 billion ASMs, lifting load factor 0.6 point to 82.4%. International traffic rose 3.7% to 4.52 billion RPMs, capacity grew at the same rate to 5.58 billion ASMs and load factor was steady at 81.1%. Sep 4, 2006 American Eagle American Eagle flew 792.6 million RPMs, an increase of 9.3%, against a 3.8% lift in ASMs to 1.07 billion, raising load factor 3.7 points to 74.3%. Sep 4, 2006 Continental Airlines Continental Airlines reported a 9.6% year-over-year increase in July consolidated RASM RASM Revenue per Available Seat Mile RASM Reliability, Availability, Scalability and Manageability (Red Hat, Inc.) RASM Rear Admiral Submarines (UK) RASM Recorded Announcement Systems Manager and anticipated August growth of 6.5%-7.5%. It flew 8.4 billion system RPMs in August, an increase of 9.3% over the year-ago month. Capacity rose 8.5% to 10.19 billion ASMs and load factor grew 0.6 point to 82.4%. Domestic traffic climbed 7.1% to 3.98 billion RPMs, capacity was up 5.5% to 4.65 billion ASMs and load factor rose 1.2 points to 85.5%. International RPMs increased 11% to 3.46 billion against an 11.3% lift in ASMs to 4.31 billion, dropping load factor 0.2 point to 80.3%. Sep 6, 2006 Continental Airlines, United Airlines Analysts speculate on Continental-United merger. Some industry analysts say a merger of United Airlines and Continental Airlines makes sense because the airlines' route structures complement each other. Other observers say the potential for labor problems makes the combination unlikely. Neither carrier would comment on the merger speculation. Sep 7, 2006 Delta Air Lines Delta Air Lines yesterday received permission from 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. to terminate its pilot defined benefit pension plan. The carrier established Sept. 2 as the effective termination date termination date, n See expiration date. but still must obtain approval from the US Pension Benefit Guaranty Corp. Termination had been opposed by a group of 100 retired pilots, but that organization removed its objection over the weekend. DL will pay the group some $500,000 to cover legal fees and other expenses. "Unfortunately, the Airline Relief Act provisions provide no relief from the unaffordable un·af·ford·a·ble adj. Too expensive: medical care that has become unaffordable for many. un costs resulting from the pilot plan's lump sum Lump sum A large one-time payment of money. feature, expected to exceed more than $1 billion in the near term alone, that would confront Delta upon emergence from bankruptcy and beyond," Executive VP and CFO See Chief Financial Officer. Edward Bastian said. Sep 6, 2006 Delta Air Lines Delta to charge Amadeus clients $3.50-per-segment fee. Friday morning, Delta notified agencies that use Amadeus that it would begin charging a $3.50-per-segment fee on all Amadeus bookings. The changes went into effect at noon EST EST electroshock therapy. EST abbr. electroshock therapy on Friday. Sep 5, 2006 Delta Air Lines Delta may push back deadline for regional flying bids: Delta Air Lines may relax a Sept. 18 deadline for bidding on its regional routes because of the ongoing crash investigation at Comair. Delta last week said it would take bids on its regional routes, a move that put more pressure on Comair to secure cost-cutting labor contracts. Sep 4, 2006 Northwest Airlines Northwest recalling all furloughed flight attendants. Northwest Airlines says it will recall to work all 1,131 flight attendants on voluntary and involuntary furloughs. In a memo to the workers, which was confirmed by the company, Northwest says it will also recall an undisclosed number of pilots. Sep 7, 2006 Northwest Airlines Northwest sees high level of sick leave among attendants: Northwest Airlines says an unusually high number of flight attendants are taking sick leave. The airline and the union representing the workers are waiting for a judge to rule whether the workers may strike. A union representative says the union has not authorized any work action. Sep 7, 2006 Northwest Airlines Flight attendants, represented by the Assn. of Flight Attendants-CWA, were awaiting a ruling late Friday from US District Judge Victor Marrero Victor Marrero is a federal judge appointed to the United States District Court for the Southern District of New York by President Bill Clinton in 1999. He is well-known for twice striking down elements of the USA PATRIOT Act, most recently in September 2007, stating that the provision in on whether work actions can go ahead. Marrero granted NWA's request for a temporary injunction temporary injunction n. a court order prohibiting an action by a party to a lawsuit until there has been a trial or other court action. A temporary injunction differs from a "temporary restraining order" which is a short-term, stop-gap injunction issued pending a on Aug. 25 but did not say when he would issue a final decision. The union said last week that it was not interested in returning to the negotiating table if it was denied the right to self-help. Sep 4, 2006 Northwest Airlines Northwest Airlines reported a net profit of $101 million in July in a filing to the US Securities and Exchange Commission. Operating revenues totaled $1.2 billion and expenses came to $1.02 billion, resulting in a $180 million operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. . It recorded $39 million in reorganization costs. Sep 4, 2006 United Airlines United Airlines flew 10.6 billion system RPMs in August, a 1.5% increase over the year-ago month. Capacity climbed 3.2% to 12.69 billion ASMs, dropping load factor 1.3 points to 83.5%. Sep 7, 2006 US Airways After years of losses, airlines recovering from Sept. 11. After years of losses and several bankruptcies, the airline industry is finally bouncing back from the Sept. 11, 2001, terror attacks. "Five years later, what we have is a much different industry, and I think a stronger one in some sense," says US Airways 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. Douglas Parker. Sep 5, 2006 |
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