Company Watch - Delta Air Lines.Mar 12, 2007 Delta workers to receive bonuses, raises In a company letter sent earlier this week, Delta Air Lines informed employees they will receive raises and bonuses when the airline exits bankruptcy protection this spring. Workers will receive a lump sum Lump sum A large one-time payment of money. equal to a percentage of their pay. Mar 8, 2007 Delta asks court to extend deadline for 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. Delta Air Lines wants 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. to extend its deadline for exclusively filing a reorganization plan. Delta is asking for a new deadline of June 1. The current deadline is April 16. The company in its court motion said a confirmation hearing for its Chapter 11 plan is set for April 25. Mar 6, 2007 Logan may reassign gates, court rules A bankruptcy court has ruled that Boston's Logan International Airport For the Logan airport in Billings, Montana, see . Logan International Airport (IATA: BOS, ICAO: KBOS, FAA LID: BOS) in the East Boston neighborhood of Boston, Massachusetts, United States (and partly in the Town of Winthrop, Massachusetts), is one may allow other carriers to take six of the 18 large-jet gates and three of the seven regional-jet slots in Delta Air Lines' Terminal A. Airport officials say they expect the terminal to be rented out within several months. Mar 6, 2007 Delta Air Lines reported a January net loss of $109 million, narrowed from $300 million in January 2006. Loss before reorganization items was $115 million compared to $213 million in the year-ago month. 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. declined to $65 million from $146 million. Passenger 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 rose 3.7% to 9.69 cents and mainline unit costs fell 4.8% to 10.09 cents, or 7.1% to 7.19 cents excluding fuel. The airline said it "remains on course" to emerge from bankruptcy protection in the spring. Mar 5, 2007 Delta Air Lines said increased competition from low-cost carriers has resulted in a drop in the percentage of US airports served exclusively by regional airlines, 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. a new report from Velocity Group. During the first quarter of 2007, regionals exclusively served 257 of the 434 airports that handle scheduled traffic in the lower 48 states, representing 59.2% of the airports receiving scheduled air service, a drop from 65.1% in the year-ago quarter. This represents the first decrease "in nearly two decades," Velocity said. "I expect this trend to continue," the company's Doug Abbey said. Main contributor to the drop was Allegiant Air Allegiant Air is an American low fare airline, owned by Allegiant Travel Co. (NASDAQ: ALGT), headquartered in Las Vegas, Nevada, USA. The airline operates scheduled and charter flights from focus cities at Las Vegas' McCarran International Airport, Orlando Sanford , which has expanded into nearly 30 regional-only airports, demonstrating that "small communities support enough traffic to justify larger jet flights into major O&D markets, rather than typical spoke-to-hub service patterns by smaller aircraft." Mar 5, 2007 Delta's January revenue climbs sharply. Delta Air Lines experienced a sharp increase in January revenue. Passenger revenue per available seat mile increased 6.1% in January, compared with an increase of just 1.7% for the industry. Mar 5, 2007 Delta Air Lines has reached a tentative agreement related to its lease at Cincinnati/Northern Kentucky International Airport Cincinnati/Northern Kentucky International Airport (IATA: CVG, ICAO: KCVG) is located in Hebron, unincorporated Boone County, Kentucky, United States and serves the Greater Cincinnati metropolitan area. The first airplane landed at the airport January 10, 1947. . Mar 8, 2007 Universal Orlando Resort Puts More Focus on Agents.Universal Orlando Resort is adding five new sales managers in the destination's top U.S. markets, growing its travel industry sales team as part of an initiative that began last fall. The new regional sales managers will focus on the travel industry and call on travel professionals within their markets. The new regional sales team includes: Al Johnston in eastern Pennsylvania and southern New Jersey; Lisa Forbell in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Long Island; John Presutti covering the greater 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 , Connecticut and Northern New Jersey markets; Cynthia Holmes in the Boston area and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. ; Ken Kramer in Illinois and Wisconsin; and Universal Orlando veterans Gail McGrath and Barry Johnston serving travel partners in Michigan/Ohio and Georgia/Carolinas, respectively. Industry veteran Tom Etchart, who was recently appointed Director of Travel Agency Sales at Universal Orlando, will oversee the efforts of Universal Orlando's growing field sales team. Etchart spent 17 years with Delta Air Lines as general manager of agency sales before joining Universal Orlando Resort last December. Mar 6, 2007 03/12/2007 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 our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Mar 5, 2007 |
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