Airline Finance News - North America.Nov 13, 2006 U.S. losing business travelers to Europe. A World Travel Market report found the number of business arrivals to the U.S. dropped by 10% due to stringent security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security the U.S. imposes on foreign visitors. Europe, on the other hand, saw an 8% increase in business visitors. Nov 7, 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 needs pilot approval to launch China route. American Airlines needs its pilots union to approve an agreement allowing pilots to fly a 16-hour trip to China before it can proceed with the new route. American is competing against three other carriers for the Beijing route. Union leaders say pilots want some benefits in return for approving the trip. Nov 8, 2006 American Airlines Pilots want to share in American's profits. The board of the union representing pilots at American Airlines has passed a resolution saying the pilots should share in the carrier's improved financial performance. American has earned $300 million over the past two quarters. An American spokeswoman says the airline has not yet achieved lasting profits. Nov 7, 2006 American Airlines, Continental Airlines Pension amendments may fare better under Democrats. American Airlines and Continental Airlines may have an easier time getting amendments to new pension laws passed now that Democrats have taken over Congress, some observers say. Republicans who opposed the proposals will be retiring or moving out of leadership posts, and Democrats are more sympathetic to the airlines' arguments. American and Continental say pension laws should treat all airlines the same. Nov 10, 2006 Continental Airlines Continental stock takes off on solid route structure. Shares of Continental Airlines have climbed 70% since the start of the year. Analysts credit much of the success to Continental's distribution of its capacity equally between domestic and international routes. The airline surpassed analysts' earnings estimates in the second and third quarters. The Street.com Nov 9, 2006 Continental Airlines Continental Airlines estimated a 4.5%-5.5% year-over-year rise in October 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 a 5%-6% increase in mainline mainline Drug slang verb To inject a drug RASM and said September consolidated and mainline RASM each gained 4.8% over the year-ago month. CO flew 7.26 billion consolidated RPMs in October, up 9.5% over October 2005, against a 6.8% rise in ASMs to 9.16 billion. Load factor rose 2 points to 79.3%. Domestic traffic climbed 8% to 3.58 billion RPMs, capacity increased 4.4% to 4.32 billion ASMs and load factor was up 2.9 points to 83.1%. International RPMs surged 11.3% to 2.82 billion against a 9.2% climb in ASMs to 3.74 billion, lifting load factor 1.4 points to 75.4%. Nov 8, 2006 Delta Air Lines Special gain propels Delta to profitability. Delta Air Lines is bankrupt but profitable thanks to a $98 million noncash gain from reorganization items that propelled it to a $52 million net profit in the third quarter, a monumental reversal from the $1.13 billion loss incurred in the year-ago period. Nov 10, 2006 Delta Air Lines Delta Air Lines flew 9.56 billion system RPMs in October, a 1.7% increase over the year-ago month. Capacity fell 4.5% to 12.4 billion ASMs, lifting load factor 4.7 points to an October record 77.1%. Domestic traffic dropped 5.5% to 6.72 billion RPMs against a 14.1% decline in capacity to 8.57 billion ASMs, sending load factor up 7.1 points to 78.4%. International RPMs grew 24% to 2.84 billion, ASMs increased 27.2% to 3.83 billion and load factor dipped 1.9 points to 74.2%. Nov 9, 2006 Delta Air Lines Delta reports Q3 profit. Delta Air lines reported a third-quarter profit of $52 million, its first net profit since filing for bankruptcy protection in September 2005. The results included a one-time gain related to a decrease in a previously estimated bankruptcy claim. Executives also reiterated the airline plans to emerge from bankruptcy as a stand-alone carrier. Delta Air Lines said it had 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. $3.9 billion in cash, cash equivalents and short-term investments, of which USD$2.8 billion was unrestricted. Nov 9, 2006 Delta Air Lines Delta Air Lines said it plans to recall an additional 1,000 flight attendants in 2007, with 500 recalls planned in January. The company also continues to recall maintenance personnel and is hiring in its Airport Customer Service and Reservation divisions, the carrier said in a statement. Nov 9, 2006 Delta Air Lines Delta Air Lines, the third largest US carrier, has said it is on track to meet its target of USD$3 billion in revenue increases and cost cuts and expects to emerge from bankruptcy protection in the first half of 2007. Total 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. in the quarter increased 8.1 percent to USD$4.66 billion. Fuel costs increased 3.2 percent to USD$1.24 billion. Nov 9, 2006 ExpressJet ExpressJet Chairman and 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. Jim Ream commented yesterday "The regional sector is under a lot of pressure to renegotiate re·ne·go·ti·ate tr.v. re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates 1. To negotiate anew. 2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor. rates." He said the company continues to negotiate its 2007 service agreement with CO and hopes to complete it by Dec. 1. He would not say whether it is willing to accept a lower margin or if it will look at renegotiating employee contracts in an effort to cut costs. Nov 9, 2006 ExpressJet ExpressJet net income for the nine-month period dipped 4.6% to $69.7 million with revenue increasing 8.3% to $1.2 billion. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. were up 10% to $1.1 billion and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was down 8.2% to $107 million. Nov 9, 2006 ExpressJet ExpressJet Profit Slip On Expenses. ExpressJet, which provides regional service for Continental Airlines, posted a lower-than-expected net profit on Wednesday, hurt by higher expenses. The feeder airline said net profit fell 11 percent to USD$22.7 million, from USD$25.5 million a year earlier. ExpressJet said it also incurred additional costs related to its diversification, back-office infrastructure and headquarters relocation. Nov 8, 2006 ExpressJet, Continental Airlines ExpressJet Holdings, a Regional partner of Continental Airlines, reported a 10.9% drop in third-quarter net income to $22.7 million from $25.4 million in the same period a year ago. Operating revenues increased 8.8% to $428.6 million while operating expenses grew 10.8% to $394.1 million. Operating income was down 9% to $34.5 million. Traffic rose 14.1% to 2.7 billion RPMs, which bumped up load factor 1.5 points to 78.1%. ASMs increased 12% to 3.5 billion. Nov 9, 2006 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 , Go Airlines Airline employees call for lawmakers to investigate Go. Employees of three Hawaii-based airlines are asking the state to investigate Mesa Air Group's Go Airlines. Aloha, Island Air and Hawaiian Airlines Hawaiian Airlines is the 11th largest commercial airline in the United States. It is the largest airline based in the State of Hawai'i and is commonly referred to by the acronym "HAL". workers say Go is offering low fares simply to put their airlines out of business. Nov 9, 2006 Mesaba Air Group Mesaba revenues dropped 94.7% to $6.2 million while expenses were down 93.8% to $9.6 million. Operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. narrowed to $3.4 million from $40.2 million. RASM was up 31.3% to 18.9 cents while 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 excluding impairment and other charges rose 36.7% to 20.5 cents. "While MAIR MAIR Malfunction/Accident/Incident Report MAIR Motion Adaptive Intra Refresh (MPEG) continues to explore opportunities to diversify, Mesaba will focus on its bankruptcy restructuring and Big Sky will seek to expand its operations," MAIR President and CEO Paul Foley Paul Foley can refer to:
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. MAIR Holdings MAIR Holdings NASDAQ: MAIR is an airline holding company based in Minneapolis, Minnesota. Big Sky Airlines, has not been profitable since it was purchased by MAIR. History Started in 1993 as Mesaba Holdings, Inc., holding company for Mesaba Aviation, Inc. , parent company of Mesaba Airlines and Big Sky Airlines, narrowed its second fiscal quarter net loss to $2.5 million from the $25.5 million deficit posted in the three months ended Sept. 30, 2005, which was attributable in large part to the bankruptcy filing of Northwest Airlines. MAIR officials attributed the loss primarily to expenses related to Mesaba's Chapter 11 reorganization. The Northwest Airlink carrier, which currently operates 49 Saabs, had its fleet reduced over the past year by 40 aircraft by NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer . Higher fuel prices and a reduction in the number of passengers also were cited as factors for the loss. Nov 8, 2006 Northwest Airlines Northwest Airlines intends to recall approximately 150 furloughed pilots by July 2007, 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 Air Line Pilots Assn., which issued a clarification in response to several press reports indicating the carrier was recalling "hundreds" of pilots. "The recall pace is expected to be steady throughout 2007 although the staffing situation is extremely fluid," ALPA ALPA abbr. Air Line Pilots Association said. Nov 9, 2006 Northwest Airlines Northwest Airlines flew 6.49 billion RPMs in October, a 0.2% rise over the year-ago month. Capacity fell 0.7% to 7.83 billion ASMs and load factor was up 0.7 point to 82.8%. Domestic traffic grew 2.5% to 3.43 billion RPMs against a 1.4% increase in capacity to 4.2 billion ASMs, lifting load factor 0.9 point to 81.7%. International RPMs were up 1.9% to 2.61 billion, ASMs rose 1.5% to 3.03 billion and load factor increased 0.3 point to 86.1%. Nov 9, 2006 Northwest Airlines After 15 months, mechanics strike ends at Northwest. The 15-month mechanics strike at Northwest Airlines ended Monday when the union approved a new contract. Replacement workers will keep their jobs under the contract, and mechanics who lost their jobs will be classified as laid off. The company will also pay severance to mechanics who left permanently. Nov 7, 2006 Northwest Airlines Northwest expects pilot recalls to continue in 2007. Northwest Airlines has recalled at least 425 pilots and plans to recall an additional 150 in the first half of next year. Northwest says it needs more pilots because business has increased and some pilots have left the airline. It says half of the 425 recalled have deferred going back to work or requested deferrals of at least three months. Nov 6, 2006 Pinnacle Airlines 9e redirects here. For the arrondissement in Paris, see IXe arrondissement. Pinnacle Airlines (NASDAQ: PNCL) (formerly Express Airlines I) is an American regional airline based in Memphis, Tennessee, USA, operating all of its flights under the name Pinnacle swings to profitability. Pinnacle Airlines yesterday reported a third-quarter profit of $15.8 million, a reversal from a $21.4 million loss in the year-ago quarter when it was hit hard by the bankruptcy of codeshare partner Northwest Airlines. Nov 8, 2006 United Airlines United Airlines flew 9.67 billion RPMs in October, up 2.3% from the year-ago month. Capacity rose at the same rate to 11.99 billion ASMs, leaving load factor at 80.6%. Nov 10, 2006 United Airlines United posts stronger results as profits stall at some discounters. United Airlines' earnings in the latest quarter topped those of other carriers that are not operating in bankruptcy protection. Some analysts say high-margin international routes helped United. Meanwhile, some discount carriers posted weaker results. Nov 7, 2006 US Airways Pennsylvania governor lobbies for US Airways center • • [ . Pittsburgh, Phoenix and Charlotte, N.C., are competing for a new $25 million US Airways flight operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. . Pennsylvania Gov. Ed Rendell says he will speak with CEO Doug Parker
William Douglas Parker is the current chairman and chief executive officer of US Airways. soon about where Pittsburgh stands in the competition. The company plans to make a decision in February. Nov 6, 2006 World Airways World Airways is an American non-scheduled airline currently headquartered in Peachtree City, Georgia. History Though World Airways was founded in 1948 by Benjamin Pepper, Edward Daly is thought of as World's founder. Military contracts, charter flights sustain World Airways. World Airways is the largest U.S. troop carrier, regularly filling the DOD's needs when other large airlines are unable to divert planes. The company left the passenger market in 1986 to pursue military contracts. Today, the company also hauls cargo to and from the Far East and operates charter flights. Nov 6, 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 Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 30, 2006 |
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