Airline Finance News - North America.Oct 2, 2006 Pilots urge Congress to raise retirement age. Some airline pilots are urging lawmakers to lift a rule that forces them to retire from commercial flying at age 60. The pilots say the retirement age should be raised to 65. A Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control spokesman says there is no scientific evidence that would cause the FAA to reconsider the current age limit. A bill raising pilots' retirement age to 65 is pending in the Senate. Sep 27, 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 terror plot will hurt revenue. American Airlines says the foiled London terror plot will hurt mainline revenue for August and September by more than $50 million. Airline officials are still trying to determine the incident's long-term effects. American attributed the decline in revenue primarily to its trans-Atlantic routes. Sep 26, 2006 Comair Comair pilots had time to spot error, NTSB NTSB abbr. National Transportation Safety Board says. The National Transportation Safety Board says the pilots of the Comair flight that crashed in August in Lexington, Ky., after taking off from the wrong runway had a few moments to notice the error. The plane paused for 45 seconds at a spot that was on the way to both the wrong runway and the correct runway. Sep 26, 2006 Comair Comair prepares to bid on Delta feeder routes. Comair next week will submit a bid to feed traffic to Delta Air Lines' mainline operations. Comair managers say the airline's ability to offer a competitive bid depends on whether it wins concessions from its unions. Comair 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. says costs are too high to win bid. Comair President Don Bornhorst says the airline's labor costs are too high for it to submit a competitive bid to provide regional jet service to Delta Air Lines. Bids must be submitted by Monday. Sep 25, 2006 Continental Airlines Continental Airlines signed a five-year, $258 million contract with the US Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval to carry priority, first class and express mail within the US and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . "We have made substantial investments in our postal facilities, employees and technology," said VP-Cargo Jack Boisen. Sep 27, 2006 Continental Airlines Continental wants to stay independent, CEO says. Continental Airlines is in good shape to remain independent, Chief Executive Larry Kellner Lawrence W. "Larry" Kellner (born 1959) has been CEO of Continental Airlines since December 2004, when former CEO Gordon Bethune retired. He previously served as a vice president, chief financial officer and chief operations officer for the airline[1]. says. The airline plans to expand its capacity between 5% and 7% each year. Kellner notes Northwest Airlines owns a share of Continental that would allow it to block a Continental merger with another carrier. Sep 27, 2006 Delta Air Lines Delta Air Lines said it lost $11 million in August, which compared to a loss of $158 million in August 2005. The information was contained in its monthly operating report to the 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. . It said mainline nonfuel CASM CASM Cost per Available Seat Mile CASM Communities and Small-scale Mining CASM Canadian Academy of Sports Medicine CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK) CASM Coherent Adaptive Subcarrier Modulation was 6.66 cents, down 7.6% from August 2005, while 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 climbed 12.8% to 10.64 cents. At the end of the month it had $3.9 billion in cash, of which $3 billion was unrestricted. Executive VP and CFO See Chief Financial Officer. Edward Bastian called the results encouraging and said the carrier "is on track with our restructuring plan." Oct 2, 2006 Go, Mesa, Hawaiian Hawaiian and Mesa are locked in a legal battle that began last February when Hawaiian filed suit claiming Mesa used proprietary information to bolster its startup proposal for Go!. Mesa filed 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.... . Mesa had access to confidential information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job" steer, tip, wind, hint, lead when it expressed an interest in acquiring Hawaiian more than two years ago at a time when that carrier was in Chapter 11 bankruptcy reorganization. Last week, Go! inflamed matters by offering $19 fares for some of its inter-island travel, but other fares are priced as high as $79. The Mesa subsidiary operates four 50-seat Bombardier CRJ200s. "How do you put someone out of business with less capacity? We can't put them out of business with only 8% of the market," Mesa CEO Jonathan Ornstein said. "We are trying to carve a niche. They added more capacity than we have." Ornstein said he intends to add five or six larger aircraft, either Embraer 195s or Bombardier CRJ CRJ redirects here. For other meanings of CRJ see CRJ (disambiguation) The Bombardier CRJ (Canadair Regional Jet) is a family of regional airliners manufactured by Bombardier, and based on the Canadair Challenger business jet. 900s, to the market next year. He said the Go! subsidiary is modeled after highly successful LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. Ryanair. "There is a business model that says you can give away tickets and still make money," he said. Sep 26, 2006 Northwest Airlines Northwest Airlines, union continue mediation with board. Mediated talks between Northwest Airlines and its flight attendants union continued on Thursday. The union said negotiations were to continue today and start up again Oct. 9. Separately, Northwest feeder Mesaba Airlines said it would renew its request to reject contracts with three labor groups. Sep 29, 2006 Northwest Airlines Northwest, attendants to restart talks today. Northwest Airlines and its flight attendants union plan to resume talks today. The company, which operates under bankruptcy protection, has already imposed a new contract on the workers. Sep 28, 2006 Northwest Airlines Northwest Airlines said it flew 7.05 billion RPMs in August, down 6.2% from the year-ago month. Capacity fell 8.8% to 8.2 billion ASMs and load factor rose 2.3 points to 85.9%. Domestic traffic dropped 4% to 3.85 billion RPMs against a 7.4% decline in capacity to 4.52 billion ASMs, raising load factor 3.1 points to 85.2%. International RPMs were down 7.3% to 2.73 billion, ASMs fell 8% to 3.06 billion and load factor rose 0.6 point to 89.4%. Sep 25, 2006 Northwest Airlines Northwest Airlines will launch a six-times-weekly 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 LaGuardia-Grand Rapids service on Nov. 1 aboard a Pinnacle Airlines 50-seat CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper . It also will expand seasonal services to vacation destinations in Mexico and the Caribbean from its Detroit, Memphis and Minneapolis-St. Paul bases. Extra frequencies to Cancun, Puerto Vallarta, San Jose del Cabo, Montego Bay and Grand Cayman will be available Feb. 15-April 8. Sep 25, 2006 United Airlines United hires investment bank to explore options, reports say. United Airlines has hired investment bank Goldman Sachs to explore strategic options, according to media reports. Some airline analysts and observers expect further consolidation in the industry at some point. United, which emerged from bankruptcy protection in February, declined to comment. Sep 26, 2006 US Airways US Airways names Kirby president. US Airways on Thursday named Scott Kirby president. Kirby, a veteran America West executive, is now second in command to Chairman and Chief Executive Doug Parker. Kirby was executive vice president of sales and marketing. Parker held the title of president until Kirby's appointment. Sep 29, 2006 US Airways US Airways sees Q3 peak fuel costs. US Airways says it expects this year's fuel costs to peak in the third quarter and fall in the fourth quarter to between $2 and $2.05 per gallon of jet fuel. Sep 27, 2006 WestJet WestJet flew 951.7 million RPMs in August, a 19% increase over the year-ago month. Capacity rose 18% to 1.13 billion and load factor was up 1 point to 84.5%. Sep 25, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Sep 25, 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion