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Airline Finance News - North America.


Aug 6, 2007

As the second-quarter reporting season wraps up, carriers have warned again that fuel, which is right up there with personnel as their biggest cost, is headed higher in the third and fourth quarters. That would put overall fuel costs for 2007 as high or even higher than they were in 2006. The forecasts include gains from locking in fuel prices through hedges, a strategy that gave Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest.
Southwest Airlines Co.
 a huge advantage over rivals during the first part of this decade but that can also backfire if prices go lower. Aug 1, 2007

International passenger growth remains robust but cargo growth has halved halve  
tr.v. halved, halv·ing, halves
1. To divide (something) into two equal portions or parts.

2. To lessen or reduce by half: halved the recipe to serve two.

3.
 in the first six months of 2007, IATA IATA

International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals.
 reported yesterday. Passenger traffic measured in RPKs rose 6.3% over the first half of 2006, slightly higher than the 5.9% recorded for full-year 2006. However, RPK RPK Republican Party of Kentucky
RpK Rocketplane Kistler (Oklahoma City, OK aerospace company)
RPK Revenue Passenger Kilometre
RPK Random Player Killing (gaming) 
 growth weakened in June to 5.3%, the lowest rate in nine months. While freight demand expressed as FTKs increased only 2.7% in the first semester, well below the 4.6% recorded for full-year 2006, June demand was up 4.9%. It was the second consecutive increase after May's 5% and may indicate that cargo is returning to its historical growth levels in the 5%-6% range. Jul 31, 2007

Air France Air France
 in full Compagnie Internationale Air France

French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde
 KLM KLM Kaiserliche Marine (Enigma: Rising Tide game)
KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines)
KLM Klub Langer Menschen (German: Tall Person Club) 
, Delta Air Lines

Air France KLM and Delta Air Lines are expected to place their main transatlantic routes in a joint venture from April 2008, 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.
 Les Echos on Monday. The deal would mark a new stage in their eight-year partnership, which has progressed without major problems, according to the newspaper. The new JV would coincide with the implementation of the "open skies This article is written like a personal reflection or and may require .
Please [ improve this article] by rewriting this article in an .
" agreement between the U.S. and Europe, according to the newspaper. Jul 30, 2007

Alaska Air

Alaska Air Group promoted Director-Government Affairs Megan Lawrence to MD-government and community relations 1. The relationship between military and civilian communities.
2. Those public affairs programs that address issues of interest to the general public, business, academia, veterans, Service organizations, military-related associations, and other non-news media entities.
. Aug 2, 2007

ATA Airlines ATA Airlines, Inc., formerly known as American Trans Air, is an American low-cost scheduled service and charter airline based in Indianapolis, Indiana. ATA operates scheduled passenger flights throughout the US mainland and Hawaii, as well as military and commercial charter  

ATA Airlines flew 463.5 million scheduled RPMs in June, a 19.6% increase over the year-ago month. Capacity climbed 13.4% to 489.6 million ASMs, lifting load factor 5 points to 94.7%. Jul 31, 2007

Continental Airlines

Continental Airlines reported an estimated 3%-4% increase in July 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
 as it flew 9.06 billion system RPMs, up 3.6% from the year-ago month, against a 2.4% rise in ASMs to 10.48 billion. Load factor improved 1 point to 86.4%. Domestic RPMs climbed 4.5% to 4.25 billion, ASMs were up 3.7% to 4.83 billion and load rose 0.7 point to 88%. International traffic increased 6.3% to 3.93 billion RPMs, capacity was ahead 4.6% to 4.57 billion ASMs and load factor lifted 1.3 points to 86%. Aug 3, 2007

Continental Airlines

Airlines shares rebounded Thursday morning, taking wing on a strong July revenue report from Continental Airlines. Amex Airline index rose 2.4% to 47.28 points in the first hour of trading, with 10 out of the 11 stocks in the benchmark index trading higher. The Dow Jones Dow Jones

the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]

See : Finance
 Wilshire Airlines index, which includes more stocks, rose 3.2%. Continental Airlines said late Wednesday that its revenue passenger miles Revenue passenger miles (RPMs) is a measure of a passenger traffic for an airline flight, bus, or train calculated by multiplying the total number of revenue-paying passengers aboard the vehicle by the distance traveled measured in miles.  rose 3.6% in July to 9.06 billion, boosted by a 5.4% increase at its main carrier. Its load factor, a measure of how packed its planes were, rose 1 point to 86.4% across its airline brands and one point to 87% for its main carrier. Aug 2, 2007

Continental Airlines

Continental Airlines today made its final submission to the Department of Transportation for its application to provide the first daily nonstop service, and the only U.S. carrier service, between New York/Newark and Shanghai. Aug 2, 2007

Delta Air Lines

Delta Air Lines reported today it managed to fill its jets to record levels in July. The average jet flying for Delta last month was 86.8 percent full last month - that includes the most popular flights in the middle of the day to the redeye flights late at night. By comparison, Delta planes were 85.4 percent full in the same month in 2006. While running planes as full as possible may not be the most comfortable for passengers, the number means an airline gains maximum revenue for the cost of operations. The most crowded planes flying for the Delta system were mainline mainline Drug slang verb To inject a drug  jets flying domestic U.S. routes, which were on average 89.4 percent full. International flights on average were 85 percent full, compared with 84.9 percent last year. Aug 3, 2007

Delta Air Lines

Delta Air Lines said Friday its July traffic rose 4.9 percent on a 3.2 percent capacity increase. Delta said it flew 12.34 billion revenue passenger miles in July, up from 11.76 billion for the same month in 2006. Aug 3, 2007

ExpressJet Holdings, Continental Airlines

ExpressJet Holdings will have its 2007 block-hour rates under its capacity purchase agreement with Continental Airlines reduced by $14.2 million, an arbitration panel arbitration panel

A group of individuals charged with resolving a dispute between individuals and/or organizations. Arbitration panels to resolve investment disputes are sponsored by self-regulatory organizations such as NASD.
 decided. The dispute went to arbitration June 25. ExpressJet said the reduction "represents changing staffing levels and overhead expenses allocated to the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  as well as expenses associated with ExpressJet's nonflying businesses." Aug 3, 2007

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".  

Hawaiian Airlines flew 678.5 million RPMs in June, up 17.9% from the year-ago month. Capacity climbed at the same rate to 779.7 million ASMs leaving load factor steady at 87%. Jul 31, 2007

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  

Mesa Air Group pilots, represented by the Air Line Pilots Association, Int'l, put up billboards across the country this week calling on the carriers to address pilot staffing and morale issues that are reaching critical levels and negatively impacting Mesa operations. Aug 3, 2007

Mesa Air Group

Mesa Air Group announced today third quarter earnings of $2.6 million on gross operating revenues operating revenue

Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue.
 of $355.9 million. Total operating revenues increased $16.9 million year-over-year, or 5.0%, primarily as a result of the year-over- year increases in our regional jet fleet. Net income and earnings per share for the third quarter were $2.6 million and 8 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 on a diluted basis (all amounts reported herein are after tax and all per share amounts reported hereafter In the future.

The term hereafter is always used to indicate a future time—to the exclusion of both the past and present—in legal documents, statutes, and other similar papers.
 are on a diluted basis), respectively, as compared to net income of $10.9 million and 25 cents per share for the same period of fiscal 2006 which included income of $5.9 million related the Company's US Airways bankruptcy claim. Aug 1, 2007

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,.  

Midwest Air Group shares jumped 13% on news that the budget carrier will sit down with AirTran and other, unnamed, parties interested in the airline. Midwest's board of directors has created a committee to explore the company's options but continues to recommend against a merger. Aug 2, 2007

Midwest Air Group, AirTran Holdings AirTran Holdings (NYSE: AAI) is a Nevada corporation that operates as an airline holding company. Its primary asset is AirTran Airways. History
After the large amount of negative publicity surrounding the Flight 592 incident, ValuJet Airlines suffered serious
 

Midwest Air Group cautioned that there is no assurance that the process will result in a transaction with AirTran or any other party. The company did not give a deadline for a recommendation by the committee. Midwest, which posted lower second-quarter earnings last week, has faced increasing pressure from its shareholders. Last week, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long"  Octavian Global Partners, the largest institutional holder in Midwest, said the airline's board should open talks with AirTran. Aug 1, 2007

Midwest Air Group, AirTran Holdings

Midwest Air Group said it planned to begin talks with would-be acquirer AirTran Holdings and other potential buyers, leading to a 13 percent jump in its shares. For months, Midwest -- a budget airline based in Milwaukee -- steadfastly opposed a hostile offer by rival AirTran, saying it had more value if it remained independent. But its resistance weakened last month, when shareholders elected three board members nominated by AirTran. Aug 1, 2007

Midwest Air Group, AirTran Holdings

Midwest Air Group said that while it had not changed its recommendation that shareholders reject the bid, it planned to start talks with AirTran, which has offered 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.
$15 a share, or about USD$367 million in cash and stock. The offer to talk is the first response from Midwest since it allowed AirTran to make a presentation to its board on July 16. Midwest said its nine member board had formed a committee to explore strategic and financial alternatives. That committee planned to hold discussions AirTran and other parties that have recently expressed interest in the company. Aug 1, 2007

Midwest Airlines
For the Egyptian airline see: Midwest Airlines (Egypt)


Midwest Airlines is an American scheduled passenger airline based in Milwaukee, Wisconsin, operating from General Mitchell International Airport.
 

Midwest Air Group, parent company of Midwest Airlines, said today that, as of August 2, it had entered into confidentiality agreements with four interested parties. The agreements were entered into following the formation of a committee of the airline holding company's board of directors to explore strategic and financial alternatives that would serve to enhance value for the company's shareholders. Aug 3, 2007

Midwest Airlines

Midwest Air Group yesterday took a further step toward a possible acquisition by AirTran Holdings, which has been pursuing it for more than eight months, announcing it had appointed a committee to "commence discussions with AirTran regarding its proposal to acquire all the outstanding shares of Midwest." The company added that the committee also will "hold discussions with other strategic and financial parties that have recently expressed interest in pursuing a transaction with Midwest." The decision came a few days after the Milwaukee-based carrier reported a 44.6% drop in second-quarter earnings . In June, AirTran was successful in getting a slate of three directors elected to the nine-person Midwest board Aug 1, 2007

Midwest Airlines

Midwest Airlines' board of directors today said it has formed a committee to "explore strategic and financial alternatives," including talks with takeover hopeful AirTran Airways AirTran Airways is a low-cost airline that is a Delaware corporation with headquarters in Orlando, Florida, USA and is a subsidiary of AirTran Holdings. AirTran operates over 750 daily flights throughout the eastern USA and the Midwest, including over 270 daily departures from  and other undisclosed "financial parties that have recently expressed interest in pursuing a transaction with Midwest." The board said it has not changed its recommendation to forego a merger with AirTran in favor of its go-it-alone plan, but the newly established committee said it would make a recommendation to the board after exploring alternatives. Aug 1, 2007

Midwest Airlines

Midwest Air Group reported second-quarter earnings of $4.9 million, a 44.6% drop from the $8.8 million profit posted during the same period a year ago. Operating revenue rose 10% to $194.5 million, which the company attributed to a 15.8% increase in passenger traffic. "While the pricing environment was challenging, the demand for travel remained strong in the second quarter," 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.  Timothy Hoeksema said. 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.
 plunged 65.9% to $2.6 million from $7.5 million in the year-ago quarter as expenses climbed 13.4% to $192 million. Jul 30, 2007

Midwest Airlines, Midwest Connect

Midwest Airlines and Midwest Connect flew 1.26 billion RPMs during the quarter, up 15.8% year-over-year, against a 13.1% increase in ASMs to 1.52 billion. Load factor was up 2 points to 83.3%. Yield dropped 5.3% to 13.75 cents, unit revenue declined 2.5% to 12.73 cents and unit cost inched up 0.5% to 12.56 cents. 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
 rose 2.5% to 8.22 cents. Jul 30, 2007

Northwest Airlines

Northwest Airlines and its pilots made a deal Wednesday that would ease pilots' workloads in an effort to stop the end-of-the-month cancellations that have plagued the airline. Northwest was forced to cancel hundreds of flights at the ends of June and July because it couldn't find enough pilots. The airline had said more pilots than usual weren't showing up for work; pilots said they were overworked under a new, tougher schedule implemented under bankruptcy. Aug 2, 2007

Northwest Airlines

Northwest Airlines and the union representing its pilots have reached a tentative deal that may prevent spikes in the airline's flight cancellations like those seen in late June and late July, the airline said on Wednesday. The airline said it obtained contractual changes on several work rules pertaining per·tain  
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.

2.
 to international flying, and the settlement of outstanding grievances. In exchange, Northwest agreed to reinstate To restore to a condition that has terminated or been lost; to reestablish.

To reinstate a case, for example, means to restore it to the same position it had before dismissal.
 premium pay of 50 percent for all pilots for any flying over 80 hours, effective August 1. The agreement is subject to ratification by the Northwest Air Line Pilots Association Master Executive Council. Aug 2, 2007

Northwest Airlines

Northwest Airlines said it has proposed a Summer Reliability Incentive Program under which all contract employees, including pilots, will receive incentive pay equal to 15 percent of eligible earnings up to USD$1,000 if they achieve perfect attendance between August 4 and September 3. That proposal also is subject to ratification by the pilots' union. Aug 2, 2007

Northwest Airlines

Northwest Airlines will hire hundreds of pilots and reduce its flight schedule in a bid to avoid the end-of-the-month troubles that it endured in June and July, the company said. However, experts say the changes won't have an impact until after Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. . Aug 2, 2007

Northwest Airlines

Northwest Airlines reported a second-quarter profit that was inflated by reorganization items, reversing a year-ago loss. Northwest, which completed a bankruptcy reorganization in May, said on Tuesday profit was USD$2.15 billion, compared with a loss of USD$285 million a year earlier. Excluding items related to its reorganization, Northwest said it earned USD$273 million in the quarter, compared with a profit of USD$179 million in the year-ago period. Aug 1, 2007

Northwest Airlines

Northwest Airlines said its operating revenue slipped 3.3 percent in the quarter to USD$3.2 billion. Northwest said it paid USD$849 million for fuel, a 4.2 percent decline in its biggest expense. The company's labor costs declined 8.6 percent to USD$617 million. Northwest suffered an unusually high number of flight cancellations in the last few days of June, blaming a spike in pilot absenteeism. The problem recurred in July. The airline says it cannot explain the high rate of absences, but the union representing the pilots says the airline simply has too few pilots operating the busy summer schedule. Aug 1, 2007

Northwest Airlines

Northwest Airlines spokesman said on Monday the carrier completed about 92 percent of its scheduled flights from July 27-29 compared with the rate of about 99 percent that is more typical for the airline. A surge in cancellations cost Northwest USD$25 million in lost revenue in the second quarter. Northwest suffered the extraordinarily high cancellation rates at the end of the last two months, blaming the problem on "pilot absenteeism." The airline has not given a reason for the absences. The Air Line Pilots Association, however, said absenteeism is not the problem. Rather, it said, the cancellations result from the airline having too few pilots to work the busy summer flying schedule. Aug 1, 2007

Northwest Airlines

Northwest proposes pilot incentives. Northwest Airlines has come to the bargaining table in hopes of ending the staffing troubles that have forced hundreds of flight cancellations. The carrier and the pilots' union tentatively agreed on incentives that will reward pilots flying more than 80 hours per month, those with perfect attendance and those who help train new employees. Aug 1, 2007

Northwest Airlines

A surge in Northwest Airlines cancellations recently comes at a particularly bad time for the airline, which is trying to build momentum for its recovery after a 20 month bankruptcy reorganization that ended in May. Northwest suffered a similar surge in cancellations in late June. In a note to employees on Friday, Chief Executive Doug Steenland said the carrier is cutting its August flight schedule, recalling furloughed pilots and planning to hire more pilots. Northwest is set to report is second-quarter earnings on Tuesday. Jul 31, 2007

Northwest Airlines

Although Northwest's finances improved out of bankruptcy, it has been plagued by operating problems. It has had to cancel hundreds of flights at the end of June and July because it couldn't provide enough pilots for its planes. The airline said those problems cost it $25 million during the second quarter. The airline might consider only carrying cargo, where it makes profits, and give up on passenger flights since it does not have a clue how to serve the traveling public. Jul 31, 2007

Northwest Airlines

Northwest Airlines cancelled hundreds of flights over the past four days as it continues to contend with high levels of pilot absenteeism

The carrier, which emerged from bankruptcy at the end of May, has announced plans to slash domestic mainline capacity by 4% in August and hire new pilots. It will release its second-quarter financial results today. Pilots have expressed concern over bonuses given to senior executives upon emergence from Chapter 11. Jul 31, 2007

Northwest Airlines

Northwest Airlines, which emerged from bankruptcy protection on May 31, said on Tuesday that it earned $273 million during its second quarter before accounting boosts related to its reorganization. Including reorganization items Northwest earned $2.15 billion, or $8.20 per share, during the quarter that ended June 30. Northwest's finances benefited from $1.94 billion in reorganization items during the quarter, which included two months operating under bankruptcy protection and one month after it emerged. Jul 31, 2007

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.  saw its second-quarter profit dip 6% to $19 million from $20.3 million in the year-ago quarter on a 12.7% increase in revenue to $320.3 million. 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.
 climbed 14.7% to $265.7 million and operating income was up 3.8% to $54.5 million. Republic operates as Republic Airlines, Chautauqua Airlines Chautauqua Airlines is an airline based in Indianapolis, Indiana, USA. It operates scheduled passenger services on more than 670 flights daily to cities in 30 states, Canada and the Bahamas, through feeder services under the names Delta Connection for Delta Air Lines,  and Shuttle America Shuttle America is a major airline based in Indianapolis, Indiana, USA. It feeds United Airlines flights at Chicago, Denver, and Washington as United Express, and feeds Delta Air Lines flights at Atlanta and New York as Delta Connection. . During the quarter it took delivery of seven E-175s to be operated under a fixed-fee contract for US Airways and eight CRJ CRJ Canadair Regional Jet
CRJ Chiropractic Research Journal
CRJ Commission for Racial Justice
CRJ Cylinder Reduction Jumper
200s to be flown for Continental Airlines on short-term leases. The company flew 2.19 billion RPMs, up 26.4%, against a 24.1% climb in ASMs to 2.8 billion. Load factor gained 1.4 points to 78.3%. Unit cost fell 7.3% to 10.42 cents but rose 0.4% to 7.63 cents ex-fuel. Republic's six-month profit of $38.3 million represented a 3.1% increase from the $37.2 million earned in the year-ago semester. Operating income was ahead 8.9% to $109.4 million. Aug 1, 2007

United Airlines

United Airlines said Friday its July traffic fell 1.4 percent as capacity shrank 1 percent. Traffic fell to 10.92 billion revenue passenger miles from 11.07 billion in July 2006. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile. Aug 3, 2007

United Airlines

United Airlines parent UAL UAL United Airlines (ICAO code)
UAL Unified Accelerator Library (Brookhaven National Laboratory)
UAL User Account Lockdown
UAL User Access Layer
UAL Universal Auxiliary Language
UAL User Agent Layer
 Corp. named Rohit Philip as VP-financial planning and analysis, Todd Arkenberg as VP-employee experience and Robert Sahadevan as VP-Mileage Plus. Aug 1, 2007

United Airlines

United Airlines said it received more than 1,000 applications for 100 open pilot positions over a 10-day period. It is hiring new pilots for the first time since 2001 Aug 1, 2007

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.  said Friday that it trimmed capacity in July and it set a record for occupancy. Capacity fell less than 1 percent to 6.91 billion available seat miles Available seat miles (ASM) is a measure of an airline flight's passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles flown. This measures an airlines capacity for transporting passengers. . Many airlines have been trying to keep the supply of airline seats in check to give themselves greater pricing power Pricing Power

An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand.
. Aug 3, 2007

US Airways

US Airways saw its traffic increase in July on strong occupancy numbers. Revenue passenger miles rose nearly 2 percent, from 5.86 billion to 5.96 billion. A revenue passenger mile is the equivalent of one paying passenger flown one mile. Passenger load factor, or occupancy, set a record for the second straight month, US Airways said. It improved from 84.1 percent in July 2006 to 86.3 percent. Aug 3, 2007

US Airways

US Airways and the International Assn. of Machinists are scheduled to begin National Mediation Board-facilitated talks today in Washington regarding the final transition agreements covering more than 10,000 fleet service employees and mechanics. US and the IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10.

["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971].
 approached the NMB NMB

new methylene blue.
 last week. Aug 1, 2007

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.
 

World Airways reached a tentative five-year labor agreement with cabin staff represented by the International Brotherhood of Teamsters Teamsters

large, powerful union of U. S. truckers. [Am. Hist.: NCE, 2703]

See : Labor
. The deal will be presented to membership for ratification. Jul 31, 2007

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