Airline Finance News - North America.Oct 23, 2006 US legacy carriers have made substantial progress in becoming more competitive but still trail low-cost carriers in a number of areas related to labor efficiency, a new analysis by the US Dept. of Transportation's Bureau of Transportation Statistics The Bureau of Transportation Statistics (BTS), as part of the United States Department of Transportation, compiles, analyzes, and makes accessible information on the nation's transportation systems; collects information on intermodal transportation and other areas as needed; and confirms. The analysis, based on Form 41 data filed by seven network carriers and seven budget airlines, reveals that LCCs reduced the number of full-time-equivalent employees per aircraft by 16%, from 92 in the first quarter of 2001 to 77 in the first quarter of 2006, while the network carriers reduced their FTEs per aircraft by 23% but still averaged 99 at the end of the study period, 28.6% higher than the 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. group. Oct 16, 2006 Air Canada ACE launches Air Canada IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . 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. , which was created during the bankruptcy reorganization of Air Canada, yesterday unveiled its previously announced plans for the flotation of the airline unit. Oct 17, 2006 Aloha Airlines, Hawaiian Airlines Aloha Airlines, following in the wake of Hawaiian Airlines, filed suit against 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 in an effort to thwart go!, the inter-island startup that launched June 9. Aloha, like Hawaiian, claims Mesa used confidential information obtained when it was considering an acquisition of the airline. Both carriers recently emerged from bankruptcy. "Mesa came to Hawaii under false pretenses False representations of material past or present facts, known by the wrongdoer to be false, and made with the intent to defraud a victim into passing title in property to the wrongdoer. , making false promises," Aloha 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. and President David Banmiller contended. "Aloha is seeking damages and an injunction against go!" A similar request from Hawaiian was denied this month by the US Bankruptcy Court, although it said the case posed "questions serious enough to require litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ". Oct 17, 2006 American Airlines, AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. AMR Corp. posts $114 million third-quarter profit excluding noncash charge. American Airlines parent AMR Corp. kicked off the fall financial reporting season yesterday with its announcement that it earned a net profit of $15 million in the third quarter, a reversal from a $153 million loss in the year-ago quarter but a figure reduced substantially by a $99 million noncash charge that reduced the book value of specific outstanding fuel hedge contracts. Oct 19, 2006 American Airlines, AMR American Airlines Parent Posts Quarterly Profit. American Airlines' parent company AMR on Wednesday reported a quarterly profit, reversing a year-ago loss, as the airline flew fuller planes and charged higher fares. Oct 18, 2006 Comair Comair files claim seeking distribution of blame, financial burden in Lexington crash. Comair announced Friday that it has filed suit against the US government, FAA and airport authorities as part of an effort to ensure that compensation owed to victims' families as a result of the CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 200 accident that killed 49 people at Lexington Blue Grass Airport Blue Grass Airport (IATA: LEX, ICAO: KLEX, FAA LID: LEX) is a public airport located in unincorporated Fayette County, Kentucky, United States, west of the city limits of and four miles (6 km) west of the central business district of the City of in August is "shared fairly and reasonably among all parties who share responsibility," according to Comair President Don Bornhorst. Oct 16, 2006 Continental Airlines Continental Airlines said its ramp, operations and cargo agents rejected representation by the Transport Workers Union Transport Workers Union may refer to:
Continental Airlines, Hawaiian Airlines Copa sale helps Continental nearly quadruple third-quarter profit. Rising yields, record load factors and a significant gain resulting from the sale of a portion of its stake in Panama's Copa Airlines helped Continental Airlines post a $237 million third-quarter profit, nearly four times the $61 million earned in the three months ended Sept. 30, 2005. Oct 19, 2006 Mesaba Airlines Mesaba Airlines got a reprieve of sorts late Tuesday when US Bankruptcy Court Judge Gregory Kishel delayed his decision on whether to allow employees to strike and deferred the permission he had granted the carrier the day before to impose new terms on its union workforce. Oct 19, 2006 Mesaba Airlines Mesaba hangs in balance as employees threaten strike. Pilots and other union employees at Mesaba Airlines were prepared to walk off the job just after midnight last night if the airline rejected its current negotiated agreements and imposed another round of pay cuts. Oct 18, 2006 Northwest Airlines Northwest To Pay JPMorgan USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $23 Mln To End Dispute. Northwest Airlines agreed to pay JPMorgan Chase and other lenders more than USD$23 million to resolve a dispute over a USD$975 million loan. Oct 22, 2006 United Airlines United Airlines flew 9.25 billion system RPMs in September, an increase of 1.3% over the year-ago month. Capacity climbed 2.3% to 11.64 billion ASMs and load factor dropped 0.7 point to 79.5%. Oct 16, 2006 United Airlines United Airlines showed the largest gain as FTEs dropped 27.5% from 160 to 116. US Airways (which was counted in the network group, while America West Airlines America West Airlines was one of the United States' ten major airlines. The airline was based in Tempe, Arizona, and is now a part of US Airways Group. At the time of its integration into US Airways, the airline maintained two hubs, one at Phoenix Sky Harbor International was included in the LCC group) and Northwest Airlines had the fewest employees per aircraft at the end of the first quarter with 82. Oct 16, 2006 US Airways US Airways said Executive VP-Operations Al Crellin has resigned effective Nov. 15. Oct 17, 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 Oct 16, 2006 |
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