Airline Finance News - North America.Sep 24, 2007 Senate Finance Committee Chairman Max Baucus Max Sieben Baucus (born December 11 1941) is the senior United States Senator from Montana and is a member of the Democratic Party. Baucus is currently chairman of the United States Senate Committee on Finance and 10th Longest-serving current Senator. , D-Mont., has introduced legislation to scale back pension funding breaks granted earlier this year. The proposed legislation would allow companies to get a funding break for pension benefits already earned but would not reduce payments covering the cost of future benefits. 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 and Continental Airlines had pushed for the relief bill. Sep 21, 2007 The House voted on Sept. 20 to approve a massive FAA funding bill that included two controversial provisions related to labor relations. One would reopen talks between the FAA and the air traffic controllers union. The other would affect the ability of FedEx employees to organize nationally. President George W. Bush has said he will veto the legislation as it is now written. Sep 21, 2007 Airlines face possible recession in position of strength. Analysts say 2008 will likely be a difficult year for airlines, but the industry should still see profits. JPMorgan analyst Jamie Baker
Jamie Baker (born August 31, 1966 in Nepean, Ontario) is a Canadian former hockey player, having played for the Quebec Nordiques, Ottawa Senators, San Jose Sharks and projects a "profitable recession" for U.S. carriers in 2008. "Holding fuel and [capacity] constant, a $1.4 billion 2008 profit could be expected this time." Baker wrote in a report. Baker says that U.S. carriers are financially strong -- far stronger than they were entering the 2001 recession, he said. Sep 20, 2007 Rising fuel prices are threatening to unravel the airline industry's nascent financial recovery after years of cost cuts and restructuring. In fact, since US President G. W. Bush took office in 2001, fuel prices have gone up 300 percent. Sustained high prices could pinch profits, choke off consumer demand or jump-start stalled consolidation efforts. Oil prices have reached new contract highs above $80 a barrel in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of futures markets this week due to supply concerns and expectations of growing demand. The increase isn't expected to damp results for this year, which is expected to be a banner year financially for an industry that took years to recover from the Sept. 11, 2001, terrorist attacks on the U.S. Sep 20, 2007 Airline employment on the rise. 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 said airline payrolls rose 2.6% in July, the sixth straight monthly increase over last year's industry employment figures. Delta led the pack with an 8% increase in July from the same month a year ago, to 48,900 full-time equivalent Full-time equivalent (FTE) is a way to measure a worker's involvement in a project, or a student's enrollment at an educational institution. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. employees. US Airways' increased its payroll 6.4%, to 20,400, and Continental Airlines saw an increase of 4.3% to 35,800. Sep 19, 2007 Major U.S. airlines on Sept. 18 partially withdrew last week's flurry of fare increases, but one analyst said the fare hikes have been uncommonly successful and suggest robust travel demand this fall. Sep 18, 2007 A JPMorgan Securities Inc. analyst on Sept. 18 said legacy airline carriers could prove profitable if the country slides into a recession, given current economic and industry factors. Sep 17, 2007 Published airfares would increase between 2 percent and 4 percent, while corporate airfares will have a marginal increase of less than 2 percent in 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. BCD (Binary Coded Decimal) The storage of numbers in which each decimal digit is converted into binary and is stored in a single character or byte. For example, a 12-digit number would take 12 bytes. See binary numbers. Travel's 2008 Industry Forecast, released Sept. 17. Along with airfare increases, the forecast projects at least 5 percent increases in hotel average daily room rates and average daily car rental fares. Sep 17, 2007 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 Lancope said AirTran deployed its StealthWatch Network Behavior Analysis System to secure its financial transactions, protect passenger data and ensure that all information in its network is safe. Sep 19, 2007 Aloha Airlines Aloha Airlines is an American airline headquartered in Honolulu, Hawaii USA. It operates extensive scheduled services within the Hawaiian Islands, and between Hawaii and the West Coast of the United States. Aloha Airlines has continued to post losses since it emerged from bankruptcy in February 2006. 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. for the quarter were up 5.9% to $112.2 million and the carrier sustained a $15.9 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. . For the 12 months ended June 30, Aloha posted $378.8 million in revenue, an 8.7% year-over-year decrease, and recorded a $61.7 million net loss, widened from $26.3 million in the equivalent 2005-06 period. Sep 19, 2007 Aloha Airlines Aloha Airlines, which has been battling for market share in the competitive Hawaiian Islands, posted a net loss of $18.7 million for the second quarter ended June 30, widened from a $2.8 million loss in the year-ago period, according to data it filed with the US Dept. of Transportation. 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. declined 6.1% to $96.3 million. The privately held carrier 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". have been engaged in fierce competition with low-fare startup go!, the 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 subsidiary that began inter-island service in June 2006. Sep 19, 2007 American Airlines Following the retirement announcement by Ralph Richardi, senior vice president of customer service for American Airlines earlier this week, the carrier on Sept. 20 promoted Bob Reding Reding may refer to: People
American Airlines American Airlines has offered to link union workers' raises to the company's performance, in a response to union complaints that workers are not sharing in the carrier's improved financial status. The Transport Workers Union Transport Workers Union may refer to:
American Airlines Union negotiators are studying a proposal from American Airlines that would link pay raises for mechanics and other ground workers to company performance. Sep 18, 2007 American Airlines, United Airlines September 11 Damages Cases Settle. The plaintiffs in more than a third of the remaining suits filed by relatives of September 11 victims seeking compensation from airlines and their security contractors have agreed to settle a week before the first case was to be heard in court. Fourteen of 35 remaining cases were settled, including a case filed by the wife of Patrick Driscoll, who died aboard United Airlines Flight 93 which crashed into a field in Pennsylvania. That case was due to be the first September 11 damages case to go to trial -- on September 24. Sep 18, 2007 American Airlines, United Airlines Twenty-one September 11 cases remain. Of these, three are related to American Airlines Flight 11 and two to United Airlines Flight 175, which both crashed into the World Trade Center in New York. Fifteen cases are related to American Airlines Flight 77 which crashed into the Pentagon, and one case remains over United Airlines Flight 93. The 96 families of victims who initially sued several airlines, including American Airlines and United Airlines, for wrongful death The taking of the life of an individual resulting from the willful or negligent act of another person or persons. If a person is killed because of the wrongful conduct of a person or persons, the decedent's heirs and other beneficiaries may file a wrongful death action argued the airlines and security contractors were at fault for letting hijackers board with banned weapons. Those families decided against taking part in a special victims compensation fund set up by US Congress that disbursed 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. $5.99 billion to 2,880 families of people killed in the attacks. A number of the cases were settled over the past several years. The next of the remaining cases is due to be heard in court on November 5. Sep 18, 2007 Continental Airlines Continental Airlines said last week that it contributed an additional $50 million in cash to its defined benefit pension plans, bringing its total year-to-date pension contribution to $261 million. It expects to contribute more than $325 million for the full year. Sep 18, 2007 Continental Airlines Continental Airlines said Thomas J. Barrack BARRACK. By this term, as used in Pennsylvania, is understood an erection of upright posts supporting a sliding roof, usually of thatch. 5 Whart. R. 429. Jr. has resigned from its board of directors, effective Sept. 13, according to a regulatory filing. Sep 17, 2007 Delta Air Lines, US Airways, Continental Airlines Delta Air Lines, US Airways and Continental Airlines led major carriers in expanding payrolls in July, taking on new workers after the industry slashed its job ranks over the prior four years. Sep 18, 2007 JetBlue Airways For the Jet Blue database used in Exchange Server and Active Directory, see Extensible Storage Engine. JetBlue Airways is a major American low-cost airline owned by JetBlue Airways Corporation (NASDAQ: JBLU). JetBlue Airways appointed Glenn Hipp to the position of VP-supply chain and fuel. He will be responsible for companywide sourcing efforts and corporate purchasing as well as JetBlue's fuel procurement strategy. Sep 19, 2007 JetBlue Airways JetBlue Airways announces the appointment of Glenn Hipp to the position of Vice President - Supply Chain and Fuel. Mr. Hipp will be responsible for company-wide sourcing efforts, corporate purchasing, as well as JetBlue's fuel procurement strategy. Sep 17, 2007 Northwest Airlines Northwest Airlines plans to increase capacity by no more than 1% in 2007, rather than by as much as 2% as previously planned, according to a spokesman. Northwest will trim capacity on U.S. routes by 2% to 3% and expand its more profitable international flights by as much as 5% this year. Sep 21, 2007 Northwest Airlines Northwest 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. Douglas Steenland favors reducing congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. by trimming airline schedules at the country's worst-affected airports but said that the move could result in higher fares. But, he said, "If we do nothing, the problem (with delays) will simply continue to compound." Steenland added that any delay-reducing plan would need to include corporate jets, which also contribute to congestion. Sep 18, 2007 Northwest Airlines Northwest Airlines will hire up to 5,000 workers this year: Employee attrition and expansion of overseas operations will lead Northwest to hire up to 5,000 workers in addition to the previously announced 350 pilots this year, according to an airline spokesman. The carrier has already brought aboard 3,600 of the expected new employees. Sep 18, 2007 Northwest Airlines Northwest Airlines announced a reshuffled executive management team that it said better reflects its post-bankruptcy objectives. Among the most significant changes, which will take effect Oct. 1, were 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 Cargo President Jim Friedel's appointment to the newly created position of senior VP-strategic planning and VP-Network Planning and Revenue Management Tom Bach's promotion to president-NWA Cargo. VP-Fleet Planning Dan McDonald was named VP-strategy and fleet planning and will report to Friedel. Tim Rainey will retain his senior VP-flight operations title and will add to it senior VP-system operations control reporting to Steenland. Tim Campbell, currently VP-flight operations and system operations control, was named VP-regional airline operations. Julie Showers, currently VP-labor relations, was named senior VP-inflight services. Sep 18, 2007 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. Southwest Airlines CEO Gary Kelly
Gary Kelly (born 9 July 1974 in Drogheda) is a retired Irish professional footballer who played his whole career for Leeds United. has publicly apologised to customer Kyla Ebbert who was escorted off a Southwest Airlines flight several months ago for wearing a short skirt. Kelly issued an apology and an invitation to Ebbert to fly again on Southwest. He said: "From a company who really loves PR, touche to you Kyla! Some have said we've gone from wearing our famous hot pants hot pants pl.n. 1. Vulgar Slang Strong sexual desire. 2. Very brief tight shorts worn by women as an outer garment. Noun 1. to having hot flashes hot flashes Hot flush Gynecology A symptom afflicting 80-85% of middle-aged ♀, first occurring during the perimenopause, continuing with ↓ intensity for yrs, manifesting itself as transient waves of erythema and uncomfortable warmth beginning in the at Southwest, but nothing could be further from the truth. "As we both know, this story has great legs, but the true issue here is that you are a valued customer, and you did not get an adequate apology. Kyla, we could have handled this better, and on behalf of Southwest Airlines, I am truly sorry. We hope you continue to fly Southwest Airlines. "Our company is based on freedom even if our actions may have not appeared that way. Sep 17, 2007 United Airlines United Airlines said Sept. 19 in a government filing that third-quarter unit revenue will increase 7.5%-8.5% year-over-year while unit costs will rise 5.25%-5.75% compared to the same period last year. Capacity will be down 1.2% year-over-year in the quarter, UA added. Sep 20, 2007 United Airlines United Airlines said on Sept. 19 that it expects a key measure of passenger revenue to rise by as much as 8.5 percent in the third quarter as it benefits from both packed planes and higher fares than a year ago. Sep 19, 2007 United Airlines United Airlines announced that the FAA has tapped Henry "Hank" Krakowski for the agency's 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. post. Krakowski is a Boeing 737 captain and United's vice president of flight operations. He has been with United since 1978. Sep 18, 2007 US Airways US Airways is still largely divided into "East" and "West" groups, with only the airport and reservations agents working under a joint contract. "What you've got is an airline running a virtual merger, operating as 'US Airways' in name only," said a spokesman for a flight attendants' union. "Two separate and distinct airlines are operating under the US Airways banner, with two separate scheduling systems, two dispatch systems and two maintenance programs." Sep 21, 2007 US Airways Negotiators for US Airways pilots will not attend contract talks with management and former America West pilots unless pilots in the East group receive pay parity with those in the West group. "We need a level playing field See net neutrality. ," said Arnie Gentile, communications officer with the Air Line Pilots Association's US Airways unit. A spokeswoman for the West ALPA ALPA abbr. Air Line Pilots Association unit said that East pilots would be violating a transition agreement if they pull out of negotiations. Sep 19, 2007 US Airways, Pittsburgh US Airways, once Pittsburgh International Airport's marquee carrier, flew fewer than 40 percent of the airport's passengers last month for the first time in its 15-year history, Allegheny County Airport Authority Allegheny County Airport Authority is a quasi government agency in Pittsburgh that oversees and maintains the metropolitan Pittsburgh airport systems. These include management of Pittsburgh International Airport as well as Allegheny County Airport. officials said on Sept. 14. Sep 17, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new real-time service that keeps travelers informed on flight and airport status, delays, security wait times via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group. All rights reserved. |
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