Airline Finance News - North America.Edited by Aram Gesar, edit@AirGuideOnline.com For more global news, data, analysis and features, please go to: http://www.AirGuideOnline.com/professional.htm Sep 18, 2006 Air Canada Air Canada mainline and Jazz flew a combined 5.04 billion RPMs in August, up 2.5% from the year-ago month. Capacity rose 3.5% to 6.02 billion ASMs, dropping load factor 0.8 point to 83.7%. Domestic traffic grew 3.5% to 1.67 billion RPMs against a 4.9% lift in ASMs to 2 billion. Load factor fell 1.1 points to 83.4%. International RPMs dropped 2.6% to 2.59 billion, capacity fell 2.2% to 3.04 billion ASMs and load factor was down 0.3 point to 85.2%. Sep 15, 2006 AirTran Holdings AirTran Holdings (NYSE: AAI) is a Nevada corporation that operates as an airline holding company. Its primary asset is AirTran Airways. History After the large amount of negative publicity surrounding the Flight 592 incident, ValuJet Airlines suffered serious AirTran Holdings reported record traffic in August, but it was not strong enough to counter the "softening demand" that the carrier expects to continue this month and that prompted a revision to its third-quarter guidance and future growth plans. In a filing to the SEC, AirTran Senior VP and CFO See Chief Financial Officer. Stan Gadek said unit revenues were "strong" in August but the terrorist scare, weather and "capacity additions on the East Coast" tempered the carrier's performance. It canceled 31 flights in Florida as a result of Tropical Storm tropical storm n. A cyclonic storm having winds ranging from approximately 48 to 121 kilometers (30 to 75 miles) per hour. tropical storm Ernesto. The carrier now is forecasting unit revenue growth "in a range of the low single digits" compared to the third quarter of 2005, versus an earlier forecast in the high single digits, and a decline of 3%-5% in unit costs excluding fuel. It posted a $32 million net profit in the quarter ended June 30, the highest for any three-month period in its 13-year history. Last month AirTran flew 1.3 billion RPMs, a 25.4% increase over August 2005, and 1.72 billion ASMs, up 26.9%. Both are August records. Load factor fell 0.9 point to 75.4%. Sep 11, 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 1.72 billion RPMs in August, a 4.8% increase over the year-ago month. Capacity climbed 6.1% to 2.13 billion ASMs and load factor fell 1 point to 80.8%. Sep 14, 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 reached agreement with the Transport Workers Union Transport Workers Union may refer to:
Continental Airlines The possibility of weaker revenue this fall has sent shares of several large airlines down. It is not clear whether the weaker demand for travel is related to the foiled London terror plot or is the beginning of a broader slowdown. Continental Airlines in a Friday filing said advanced bookings for the next six weeks are below year-ago levels. Sep 11, 2006 Delta Air Lines Delta to recall some pilots, flight attendants. Delta Air Lines says it will recall 65 pilots and about 200 flight attendants. The company, which is expanding operations, says it is on track to leave bankruptcy protection in the first half of 2007. Sep 11, 2006 Delya Air Lines, Northwest Airlines Delya Air Lines and Northwest Airlines are still reducing costs and seeking ways to exit Chapter 11, a year after filing for protection. They followed United Airlines and the former US Airways, which also have been in bankruptcy in recent years. With the industry seeing signs of a turnaround, the airlines are eager to resume normal operations Generally and collectively, the broad functions that a combatant commander undertakes when assigned responsibility for a given geographic or functional area. Except as otherwise qualified in certain unified command plan paragraphs that relate to particular commands, "normal operations" of . Delta plans to 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. later this year and emerge from bankruptcy in the first half of 2007 and Northwest has said it too plans to come out of bankruptcy early next year. http://www.delta.com http://www.nwa.com Sep 17, 2006 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. Mesaba Airlines was dealt a setback by a US District Court judge in Minneapolis who determined the company could not reject its collective bargaining agreements 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 union employees as part of its bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party . In July, a 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. judge granted Mesaba authority to reject the deals as part of its effort to reduce labor costs by 10.4% over a six-year period. Sep 15, 2006 Mesaba Airlines Judge reverses ruling on Mesaba labor pact. A federal judge has overturned a ruling that allowed Mesaba Aviation to void a contract with its flight attendants. The judge said the airline had not negotiated provisions that would eventually return workers' wages to previous levels and failed to show its proposed contract fairly distributed the burden of reorganization. Sep 15, 2006 Mexicana de Aviacion Mexicana de Aviacion struck a deal with ground workers to cut labor costs by 26%, 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. a release cited by Dow Jones. The carrier is attempting to cut its overall expenses by 25% and also is negotiating with its pilots and flight attendants. The union representing the latter reportedly threatened to strike if there is no agreement by Sept. 15. Sep 12, 2006 Northwest Airlines US Dept. of Transportation approved the transfer of the operating certificate of defunct Independence Air to Northwest Airlines, moving it closer to launching its new Regional subsidiary Compass Airlines. The proposed new service from Washington Dulles could begin as early as October. "We tentatively find that the introduction of Compass' service will likely enhance competition in the domestic airline industry, particularly in light of the recent cessation of Independence Air's operations at Washington Dulles International Airport Washington Dulles International Airport (IATA: IAD, ICAO: KIAD, FAA LID: IAD) is a public airport located 25 miles (40 km) west of the central business district of Washington, D.C., in Loudoun County and Fairfax County, Virginia, United States. , where Compass will base its new service," DOT wrote in a show cause order issued this week. "We also tentatively conclude that the proposed transfer will benefit Compass in its ability to initiate and sustain its proposed service." Sep 15, 2006 Northwest Airlines DOT further determined that Compass would "enhance air service in a variety of small and medium size markets and provide those communities and passengers with convenient connections to Northwest's domestic and international markets." DOT spokesperson Bill Mosley said the ruling is followed by a 14-day public comment period. NWA said in its filing it will begin with scheduled service between Minneapolis-St. Paul and 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. with a single 50-seat CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper . It plans to begin taking delivery of 76-seat RJs in March. During its first year of operation, Compass would operate up to four aircraft. Sep 15, 2006 Northwest Airlines DOT approves Northwest commuter subsidiary. The Department of Transportation will allow Northwest Airlines' subsidiary Compass Airlines to start flying out of Dulles International Airport next month. Compass will fly passengers to its hubs in Detroit, Minneapolis, Memphis, Tenn., and several small and midsize cities. Sep 12, 2006 US Airways 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. said its consolidated passenger 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 in August rose 15% over the year-ago month, an increase 3-4 points lower than forecast due to the terrorist alert. The company is revising its third-quarter unit revenue guidance to an increase in the "mid teens" from one in the "high teens." The group flew a combined 5.73 billion RPMs in August, down 5.3% from the year-ago month. Capacity fell 7.6% to 7.2 billion ASMs and load factor gained 1.9 points to 79.5%. Domestic RPMs dropped 6.1% to 4.6 billion against a 9.6% decline in ASMs to 5.77 billion. International traffic fell 2.3% to 1.13 billion RPMs and capacity rose 1% to 1.44 billion ASMs. Sep 11, 2006 |
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