Airline Finance News.ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the testifies: Air Transport Association Chief Economist John Heimlich testified Wednesday on how U.S. airlines have taken unprecedented measures to reduce fuel costs, and explained the importance of how modernizing our nation's air traffic control system can help all system users minimize fuel consumption. Read oral remarks and testimony. Feb 16, 2006 Analysts predict mergers for U.S. carriers. Large losses, high fuel prices and bankruptcy filings may force some major airlines to merge this year, analysts say. Critics note mergers are expensive and complicated. Air Transport Association Chief Economist John Heimlich said the merger of US Airways and America West opened doors for other carriers to merge. In the past, merger proposals have faced tough scrutiny from government regulators. Feb 14, 2006 Airlines shift focus from market share to profits. More airlines are choosing the cities they serve based on profitability instead of market share. In the past, large carriers have battled for the biggest slice of a market. Still, some executives believe market share is an important part of turning a profit. Feb 13, 2006 Air India Air India (formerly Air-India, Hindi: एअर इंडिया) is the national flag carrier of India with a worldwide network of passenger and cargo services. Air India to raise up to $8B to buy Boeing planes. Air India will raise up to $8 billion from domestic and overseas banks to purchase 68 jetliners from Boeing. Air India has already secured $500 million in financing. An Air India official said the carrier will ask Boeing to create a payment system. Feb 16, 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 CFO See Chief Financial Officer. to leave company for software firm. American Airlines said its chief financial officer will leave the company to take a post at software firm Symantec. James Beer helped repair the airline's balance sheet, which is now considered the strongest of the legacy carriers. Feb 14, 2006 Delta Air Lines Georgia bill could save Delta Air Lines $28M. Georgia lawmakers on Thursday approved a bill that could save Delta Air Lines $28 million over the next 12 months. The bill allows companies to claim tax credits for job retraining re·train tr. & intr.v. re·trained, re·train·ing, re·trains To train or undergo training again. re·train against withholding taxes they collect from workers. Feb 17, 2006 Delta will save $200M renegotiating aircraft leases. A bankruptcy judge will allow Delta Air Lines to renegotiate leases on 88 jetliners. New terms See suggestions for new terms. will help the carrier save $200 million a year. The airline has rejected, renegotiated or restructured leases for 90% of its mainline mainline Drug slang verb To inject a drug aircraft. Feb 16, 2006 Delta posts large loss for 2005. Delta Air Lines on Tuesday reported a $3.8 billion loss for all of 2005. The loss includes $1.6 billion in charges related to reorganization and pension expenses. Chief Financial Officer Ed Bastain said the losses emphasize the airline's need to improve its network and revenue stream. Separately, the airline asked a 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. judge to allow it to renegotiate 88 airplane leases. Feb 15, 2006 Delta pilots want $1B if pension is terminated. Delta Air Lines' pilots want a $1 billion payment if the airline decides to terminate an employee pension plan. The airline, which operates under bankruptcy protection, has offered $300 million. The company and the pilots are in contract negotiations. Feb 13, 2006 Northwest Airlines Judges extends Northwest contract talks. A bankruptcy judge will give Northwest Airlines and unions representing its pilots and flight attendants an additional week to reach contract agreements. The original deadline for reaching agreements was today. "We continue to believe that it is in the best interest of all parties to reach consensual agreements," a Northwest spokesman said. Feb 17, 2006 Judge expected to rule Friday on Northwest contracts. A bankruptcy judge is expected to decide Friday if Northwest Airlines may terminate contracts with its flight attendants and pilots. The workers say they may strike if their contracts are voided void·ed adj. Heraldry Having the central area cut out or left vacant, leaving an outline or narrow border: a voided lozenge. . Northwest wants to lower pay and create a subsidiary to fly small jets. Feb 16, 2006 Judge expected to rule on Northwest's contract with pilots. A bankruptcy judge is expected to rule this week on Northwest Airlines' effort to void its pilots' contract. Northwest wants to increase contracting with commuter airlines. Northwest's pilots say they will strike if the airline terminates the contract. Feb 13, 2006 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. Airfares stay low as oil soars higher. Airfares remain low despite high prices for fuel. Analysts say discount carriers, such as Southwest Airlines, have kept prices from climbing. Others note legacy carriers may be able to raise prices this year as fuel prices increase. Feb 13, 2006 United Airlines Pension agency sells some United shares. The Pension Benefit Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Corp. sold half of its stake in United Airlines. The agency received $450 million from the sale and will transfer 30%, about $135 million, to the pension plan. Feb 16, 2006 Pension agency holds largest stake in United Airlines: The federal government's Pension Benefit Guaranty Corp. is the largest single shareholder in United Airlines. PBGC PBGC See: Pension Benefit Guaranty Corporation holds a 23.4% stake in the company, which recently left bankruptcy protection. Feb 15, 2006 |
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