Company Watch - Delta Air Lines.Jan 8, 2007 US Takes Over Delta Pilots' Pension Plan. Delta Air Lines defaulted on pensions covering active and retired pilots on Friday, a long-planned move that allows the company to clear a major hurdle in its restructuring. Jan 5, 2007 Delta Air Lines reported a $49 million net loss for the month of November, or a $12 million loss excluding reorganization items. The result compares to a $181 million net loss and a $164 million loss excluding reorganization items in November 2005. "November's results continue the momentum that will deliver a nearly $2 billion year-over-year improvement in Delta's net income excluding reorganization items for 2006," VP and CFO See Chief Financial Officer. Edward Bastian 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. of $52 million, which included a $31 million negative impact from fuel hedges, was a reversal from a $107 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. in November 2005. Unit revenues rose 11.2% to 10.7 cents. 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. fell 8.1% against a capacity reduction of 6.5% and mainline 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 was down 2.8% to 10.43 cents. Excluding fuel, mainline unit costs fell 2.7% to 7.33 cents. Jan 4, 2007 Delta Air Lines and American Airlines said on Tuesday they raised fares in Canadian markets to match an increase by Air Canada. Delta increased fares by 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, USD$6 and USD$9 one-way depending on the length of the flight, spokeswoman Betsy Talton said. American increased fares USD$6 each way, a spokesman said. The move follows an increase in fares by Air Canada on Monday night for travel to the United States from Canada, according to Neil Bainton, an analyst at airline travel planning service FareCompare. Jan 9, 2007 Delta set to buy 30 Bombardier CRJ900s. Delta Air Lines is seeking permission from the US Bankruptcy Court to finalize an order with Bombardier for 30 firm CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 900s plus 30 options that it said will be used to expand its network and upgrade service, according to documents filed yesterday with the court. The Bombardier aircraft are scheduled to begin arriving in September with deliveries continuing through February 2010. They will be configured for 76 seats in two classes. The manufacturer "has committed to provide, or cause to be provided, firm backstop financing for Delta's purchase of the aircraft," the airline said. Jan 5, 2007 The Bombardier CRJ900s are part of an RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. Delta Air Lines issued in August for 143 regional jets comprising up to 43 70-seaters, 50 50-seaters to replace portions of existing flying in Atlanta, New York and Cincinnati, and up to 50 76-seaters, featuring first class seating. Jan 5, 2007 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 our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Jan 1, 2007 |
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