Airline Finance News - North America.Mar 19, 2007 Union demands may jeopardize airlines' rebound Airline unions are calling for better compensation and say carriers can afford to increase wages for workers. Some observers say higher wages will boost airlines' costs and threaten their recovery. "I think it's going to be an issue," says airline consultant Robert Mann
Founding member and first violinist of the Juilliard String Quartet for 52 years, American Robert Mann (1920-) is also a composer, conductor and mentor to younger generations of string musicians. . "None of these airlines is back in a position where they are able to contractually pay more." Mar 13, 2007 US Airline Workers Want To Profit From Sector Rebound A budding recovery for US airlines seems to be gaining momentum, but new demands from unions for better compensation could jeopardize the rebound that workers' concessions helped bring about. Mar 12, 2007 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 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. shoulders blame for lost China bid American Airlines CEO Gerard Arpey Gerard J. Arpey is the Chairman, President, and Chief Executive Officer (CEO) of AMR Corporation, parent company to American Airlines, the world's largest airline. External links
American Airlines American cuts costs by $5 billion since 2001 American Airlines continues to look for ways to lower its expenses, CEO Gerard Arpey says. The airline has shed $5 billion in costs since 2001, and it plans to cut $300 million in expenses this year. Mar 13, 2007 Boeing Boeing reports one-day sales of $4.5 billion Continental Airlines said Monday it has ordered five more Boeing 787s, bringing the total to 25 787s on order. The order for the five new planes is worth $916 million, based on list prices. Boeing also booked orders from Kuwait's Aviation Lease and Finance and from Russian air cargo air cargo: see aviation. company Volga-Dnepr, bringing the value of orders booked on Monday to $4.5 billion. Mar 13, 2007 Continental Airlines Open skies  This article is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article in an . wins airline's support Continental Airlines on Thursday said it supported the open skies agreement The Open Skies Agreement is a recently negotiated treaty between the United States and the European Union. The agreement will allow any European or U.S. airline to fly any route between any city in the EU and any city in the United States. reached by the U.S. and EU. The airline said the agreement "establishes a fair opportunity for it to compete in all the important markets in the EU." Mar 16, 2007 Continental Airlines Continental Airlines released an investor update this week saying it expects first-quarter yield to be "up slightly" from the year-ago quarter despite a drop in mainline mainline Drug slang verb To inject a drug domestic and regional yields. "Strong improvement" in transatlantic and Latin American yields will help compensate, it said. Full-year capacity is expected to climb 4.9%, driven by a 10.3% growth in transatlantic operations. CO said first-quarter consolidated 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 will be 11.44-11.49 cents, rising to 11.45-11.50 cents for the full year. 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. are expected to be $3.14-$3.15 billion in the first quarter and $13.24-$13.3 billion for the full year, up from the $12.66 billion spent in 2006. Mar 15, 2007 Continental Airlines Continental Says US Fares Pressured, Shares Fall Continental Airlines on Tuesday said domestic air fares are coming under pressure even as demand strengthens, sending its shares and those of rivals sharply lower. Mar 14, 2007 Continental Airlines Continental Airlines flew 6.48 billion RPMs in February, up 7.6% from the year-ago month. Capacity rose 6.2% to 8.42 billion ASMs, lifting load factor 1 point to 77%. Domestic RPMs climbed 5.8% to 3.19 billion against a 6.2% lift in ASMs to 3.96 billion, dropping load factor 0.3 point to 80.7%. International RPMs grew 11.1% to 2.56 billion, ASMs were ahead 7% to 3.5 billion and load factor rose 2.7 points to 73.2%. Consolidated unit revenue was up an estimated 1.5%-2.5% while mainline 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 an estimated 3%-4%. Mar 12, 2007 Delta Air Lines Delta committee hopes to hire new chairman Delta Air Lines' unsecured creditors Unsecured Creditor An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because they have nothing to fall back on should the borrower default on the loan. A debenture holder is an unsecured creditor. committee wants to pay a search firm to help recruit a non-executive chairman for the airline's board. The committee on Tuesday asked a court for permission to pay SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. , a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . Mar 14, 2007 Delta Air Lines, Republic Airways Delta Air Lines is amending its service agreement to lower rates and cut some flying done by Republic Airways. At the same time, it tapped 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 to operate 14 new Delta-owned CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 900s under a 10-year agreement. The Mesa deal also includes six additional ERJ-145s, bringing the number of 145s it flies for Delta Connection to 36 and the total fleet to 62. Mesa will receive a general unsecured claim of $35 million as part of DL's 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 August 2008, DL will remove eight 145s. Mar 15, 2007 Delta Air Lines, US Airways United Chief Says Industry Mergers Still Possible A failed bid by US Airways for bankrupt Delta Air Lines has not dimmed the outlook for airline mergers, the chief executive of United Airlines said on Thursday. Mar 15, 2007 Mesa, Delta Air Lines Mesa's contract flying for Delta expands under agreement Mesa Air Group will expand the contract flying it does for Delta Air Lines under a new settlement. Mesa will also receive a $35 million unsecured claim in Delta's bankruptcy case under the agreement. Mar 15, 2007 Northwest Airlines Judge delays decision on appointing Northwest investigator A federal bankruptcy judge has postponed a decision on whether to appoint an investigator to look into possible merger activity at Northwest Airlines. Judge Allan Gropper also ruled that the airline may keep exclusive control over its reorganization until June 30. Mar 16, 2007 Northwest Airlines Northwest shareholders ask judge to deny extension A group of Northwest Airlines shareholders have asked a bankruptcy judge to deny the airline's request to extend its exclusivity period for developing a bankruptcy 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. . Northwest has asked the judge for an extension until June 29. Its exclusivity period is set to expire on Friday. Mar 14, 2007 Northwest Airlines Northwest Airlines flew 5.64 billion RPMs in February, a 2.8% increase over the year-ago month. Capacity was up 3.9% to 7.06 billion ASMs and load factor dipped 0.9 point to 79.9%. Domestic RPMs rose 3.7% to 3.11 billion against a 3.6% gain in ASMs to 3.89 billion, leaving load factor level at 80%. International traffic grew 5.3% to 2.19 billion RPMs, capacity rose 8.5% to 2.67 billion ASMs and load factor slipped 2.5 points to 82.1%. Mar 12, 2007 Northwest Airlines, Delta Air Lines Northwest's merger prospects need examination, trustee says The court overseeing Northwest Airlines' bankruptcy case should appoint an examiner to review the carrier's merger potential, a U.S. trustee said Wednesday. Northwest objected to the appointment of an examiner, which was requested by hedge funds that hold a large amount of its common stock. The airline said the funds are acting on "baseless" assumptions that Northwest planned to merge with Delta Air Lines. Mar 15, 2007 SkyWest Airlines
Skywest Airlines Pty Ltd is a regional airline company based in Perth, Australia servicing key towns in the state of Western Australia as well as charter SkyWest Airlines parent SkyWest Inc. announced a plan to repurchase 5 million shares of outstanding common stock, saying it is "a good use of financial resources and. . .will further the advancement of certain corporate objectives." The company reported a 29.9% rise in 2006 net income to $145.8 million. Mar 12, 2007 United Airlines', Delta Air Lines United Airlines' CEO said in a speech that the big carrier welcomed the deal. Delta Air Lines also said it favored what it called a landmark deal. Mar 16, 2007 US Airways US Airways said it distributed $58.7 million in profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of to employees yesterday. The profit-sharing program sets aside 10% of US's annual pre-tax profit excluding special items. Mar 15, 2007 US Airways, Airbus, Boeing US Airways close to placing jetliner order, executive says US Airways Chief Financial Officer Derek Kerr said Wednesday the airline is close to ordering 60 A320 or 737NG jetliners. The company will decide between Airbus and Boeing by the end of April, he said. The airline would take delivery of the planes between 2008 and 2010. Mar 15, 2007 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please 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 AirGuideFlightTracker is a new, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Mar 12, 2007 |
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