Airline Finance News - North America.Oct 30, 2006 Airfares climb 11.5% in Q2, statistics say. Airfares climbed an average of 11.5% in the second quarter at the busiest airports in the U.S., compared with year-ago levels, 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. the 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 . Strong demand and higher ticket prices pushed the BTS BTS - Bug Tracking System airfare index, which measures fares and compares price changes for identical service levels, to the highest point in its history. Some airports posted smaller increases -- at Denver International Airport This article is about Denver International Airport. For other uses, see KDEN (disambiguation). Denver International Airport (IATA: DEN, ICAO: KDEN, FAA LID: DEN), often called DIA , fares rose just 0.6%. Oct 26, 2006 Surcharges remain intact even as fuel prices dip. Airlines are keeping their fuel surcharges in place, despite the drop in jet fuel prices. Executives at airlines and other companies dependent on the price of fuel note that prices are still much higher than they were before Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. hit the Gulf Coast. "Even with this latest retreat, we are still paying billions more than we were a couple of years ago," American Airlines 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. Gerald Arpey says. Oct 24, 2006 Airline shares climb on lower oil prices, strong revenue. Falling oil prices and strong September revenue data increased airline shares on Friday. The Air Transport Association says the fare price paid per traveler climbed 7.3% for travelers flying domestic routes. Oct 23, 2006 Air Canada Air Canada mainline and Jazz flew a combined 4.33 billion RPMs in September, a rise of 2% from the year-ago month. Capacity was up 3% to 5.49 billion ASMs, dropping load factor 0.7 point to 79%. Oct 23, 2006 Alaska Airlines Alaska Air reports third-quarter loss on rising costs. Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported a third-quarter net loss of $17.4 million, reversed from a net profit of $90.2 million in the year-ago quarter. Oct 25, 2006 Alaska Airlines Alaska Air posts Q3 loss. Alaska Airlines reported a third-quarter loss of $17.4 million, reversing a year-ago profit of $90.2 million. The company's total fuel expense more than doubled to $251.5 million versus $121.8 million in the prior-year period. Charges for lease buyouts and labor severance costs added to the third-quarter loss. Oct 24, 2006 American Airlines American to reduce system capacity in 2007. American Airlines will reduce its overall capacity by 1% next year, CEO Gerald Arpey says. "There is still a lot of destructive competition, particularly in the U.S. markets today, and particularly with flow traffic," Arpey says. "That's why we remain very cautious in terms of our own capacity, and I think macroeconomics macroeconomics Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. suggest that the industry should feel the same way." Oct 25, 2006 American Express AmEx forecasts 4.5% rise in domestic travel costs. American Express Business Travel predicts the cost of domestic travel will rise 4.5% in 2007. International travel will cost 4.6% more. AmEx attributes the increases to higher prices expected for air travel, hotel stays and car rentals. Oct 27, 2006 Delta Air Lines Delta Air Lines flew 9.08 billion system RPMs in September, a 3.4% decrease from the year-ago month. Capacity dropped 5.4% to 12.17 billion ASMs, lifting load factor 1.5 points to 74.6%. Domestic RPMs fell 12.2% to 6.1 billion against a 14.3% decline in capacity to 8.3 billion ASMs, sending load factor up 1.7 points to 73.5%. International traffic grew 21.6% to 2.97 billion RPMs as capacity climbed at the same rate to 3.87 billion ASMs, leaving load factor at 76.9%. Oct 24, 2006 Delta Air Lines Delta on track to exit bankruptcy next year, COO says. Delta Air Lines Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Jim Whitehurst says the company is on track to leave bankruptcy protection in 2007. He says demand for travel remains strong and airlines are adding a limited number of seats to their networks. Whitehurst also says he does not expect more consolidation in the industry until Delta and Northwest Airlines emerge from bankruptcy protection. Oct 24, 2006 Delta Air Lines Delta Seeks Extension To File 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. . Delta Air Lines has asked a federal 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. for an extension of about three months to file a reorganization plan, according to court documents. Oct 24, 2006 Delta Air Lines Delta Air Lines received approval from the US Bankruptcy Court to cut $50 million in health benefits per year, largely through increased premiums, from approximately 42,000 retirees and other beneficiaries, according to press reports. Oct 23, 2006 JetBlue Airways JetBlue reports small third-quarter loss, pledges capacity reduction. JetBlue Airways will cut its A320 and Embraer 190 fleets over the next three years and said it is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of reaching one or more codeshare arrangements with international airlines as it strives to return to the black following its third loss-making quarter out of the past four. Oct 25, 2006 JetBlue Airways Soft demand hurts Q3 results at JetBlue. JetBlue Airways has posted a third-quarter loss of $500,000, compared with a profit of $2.7 million a year ago. The airline, which is in the middle of a restructuring program, says softer demand related to security concerns hurt results. Oct 24, 2006 Mesaba Judge Gregory Kishel granted Mesaba's request for a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. to prevent work action or a threatened strike by the Air Line Pilots Assn., Assn. of Flight Attendants and Aircraft Mechanics Fraternal Assn. Union employees were "outraged" at the decision, according to a statement. "Under the law, if your contract gets rejected you don't have to perform under that contract," said Tom Wychor, chairman of the carrier's ALPA ALPA abbr. Air Line Pilots Association unit. "No bankruptcy court has recognized any exception under the statutes until today." He said the unions will continue to negotiate in hopes of forestalling imposed work rules and wages scheduled for later this week. Oct 25, 2006 Midwest Air Midwest Air Group Midwest Air Group, Inc. AMEX: MEH is an airline holding company based in Oak Creek, Wisconsin now controlled by parent company, TPG Capital Texas Pacific Group. Northwest Airlines Inc,. reports Q3 growth. Midwest Air Group on Thursday posted third-quarter operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of $168.6 million, up from $136.6 million a year ago. Oct 26, 2006 Northwest Airlines, JPMorgan Chase Northwest Airlines will pay $23 million to JPMorgan Chase and other lenders as a resolution to a dispute over a $975 million loan, Reuters reported. The lenders had sought $55-$60 million but agreed to the settlement to avoid 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 23, 2006 Republic Airways Republic Airways Holdings Republic Airways Holdings, Inc. (NASDAQ: RJET) is an aviation holding corporation based in Indianapolis, Indiana, which owns three regional airlines operating in the United States: Chautauqua Airlines, Republic Airlines and Shuttle America. , parent of Republic Airlines, Chautauqua Airlines and Shuttle America, reported net income of $21.9 million for the quarter ended Sept. 30, a 57% increase over the $14 million earned in the year-ago period. Operating revenues grew 33% to $306.1 million while expenses rose 29.4% to $249.6 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. climbed 51.1% to $56.6 million. For the first nine months, the company posted net income of $59.1 million, a 40% rise over the $42.2 million earned in the year-ago period. Oct 27, 2006 Shuttle America, Republic Airways Shuttle America, a subsidiary of Republic Airways Holdings, received IOSA IOSA Iata Operational Safety Audit IOSA Islands' Oil Spill Association (San Juan County, WA) IOSA Internet and Open Source in Archaeology IOSA International Oil Scouts Association IOSA International Organizational Studies Association certification last week. Oct 23, 2006 US Airways Liquid ban hurts airline revenue. Airlines say the government's ban on liquids and gels in carry-on bags hurt their third-quarter revenue. The rules cost US Airways up to $40 million in lost ticket sales. AirTran Airways put lost revenue at up to $12 million. Oct 27, 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. reports third-quarter loss on hedging, merger costs. US Airways Group reported a third-quarter net loss of $78 million, narrowed from a $99 million net loss in the year-ago quarter by the then-America West Holdings, which was considered the acquiring company in last year's merger. Oct 27, 2006 US Airways US Airways reports loss. US Airways Group Inc. on Thursday posted a net loss of $78 million for the third quarter after fuel hedging and merger-related costs. CEO Doug Parker says airport security regulations cost the carrier between $30 million and $40 million in revenue during August and September. Oct 26, 2006 US Airways US Airways Group flew 4.76 billion RPMs in September, a 4.8% decline from the year-ago month. Capacity dropped 4.2% to 6.6 billion ASMs and load factor fell 0.5 point to 72.2%. Domestic RPMs decreased 5.3% to 3.86 billion and ASMs were down 5.1% to 5.38 billion. International RPMs fell 2.5% to 900.1 million against 0.1% lift in capacity to 1.21 billion ASMs. Oct 23, 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 23, 2006 |
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