Company Watch July 2005.France proposes airline tax to prevent spread of disease. French President Jacques Chirac is urging world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. to support his plan for an international tax on airline tickets that would pay to prevent widespread epidemics. The plan could raise $3 billion each year, 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. French officials. Algeria, Brazil, Chile and Spain are among the countries supporting the plan. Jul 28, 2005 Airlines would get relief from committee pension bill. The Senate Finance Committee approved legislation that would overhaul rules governing corporate pension plans. The proposal would give airlines with underfunded un·der·fund tr.v. un·der·fund·ed, un·der·fund·ing, un·der·funds To provide insufficient funding for. underfunded adj → infradotado (económicamente) plans 14 years to catch up. Some airlines had asked for 25 years. United Airlines recently turned its underfunded pension plan Underfunded pension plan A pension plan that has a negative surplus (i.e., liabilities exceed assets). over to 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. The PBGC PBGC See: Pension Benefit Guaranty Corporation now has a deficit of more than $20 billion. Jul 27, 2005 Pension payments, high fuel prices concern Delta Air Lines. Pension obligations and high fuel prices are two pressing concerns for Delta Air Lines, the company's chief executive said. Pension reforms must happen "as soon as possible" to have a positive effect on the airline, Gerald Grinstein Gerald Grinstein is the former CEO of Delta Air Lines, Inc. of Atlanta, Georgia, the world's second largest airline. Grinstein came to the position in 2004, after CEO Leo F. said. Some observers believe the company may have to file for bankruptcy if Congress does not pass laws Pass laws in South Africa were designed to segregate the population and were one of the dominant features of the country's apartheid system. Introduced in South Africa in 1923, they were designed to regulate movement of black Africans into urban areas. reforming the pension system. Delta supports legislation that would allow airlines to spread the funding of their plans over 25 years. Jul 26, 2005 Senate committee may add airline provision to pension bill. The Senate Finance Committee is expected to add a provision to pension legislation that would give airlines more time to catch up with pension payments, according to media reports. If passed, the legislation could help Delta Air Lines and Northwest Airlines avoid filing for bankruptcy. Jul 26, 2005 National air fares decline 6%, Transportation Department reports. Air fares dropped by about 6% in the fourth quarter of 2004, according to a Department of Transportation report. Rapid growth of discount airlines has pushed airfares lower for several years. In Dallas, ticket prices fell 7% during the last quarter of 2004. Jul 22, 2005 Lawmakers postpone decision on daylight-saving time plan. The Senate Energy Committee postponed until Thursday a decision on a proposal to extend daylight-saving time. Airlines, the White House and some church groups oppose the plan, which would extend daylight-saving time one month in the spring and fall. The Air Transport Association has said airlines could lose millions in schedule disruptions if the plan goes through. Jul 20, 2005 Lawmakers to introduce airline pension bill soon. The chairman of the Senate Finance Committee said lawmakers would deal with airline pension plans "more strictly" than the companies had hoped. Legislation on the issue will be introduced soon, said committee chairman Sen. Charles Grassley, R-Iowa. Northwest Airlines and Delta Air Lines have lobbied for changes to pension laws, which they say they need to avoid bankruptcy. Jul 20, 2005 Fuel eclipses labor as costliest item at some airlines. Though labor has historically been the costliest airline expense, the price of fuel is now higher than the price of labor for some airlines. Fuel expenses in April for US Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. exceeded $147.2 million, compared with $135.5 million for labor. An Air Transport Association spokesman said carriers are retiring older planes, reducing weight onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard. and hedging fuel to reduce expenses. Jul 11, 2005 Airlines worry as oil soars past $60 per barrel. The price of oil closed at $60.73 a barrel. Analysts said the impact of the London bombings would be similar to that of the 2004 bombings in Madrid. A month after the Madrid bombings, the number of daily airline passengers from the U.S. to Spain had climbed 10%. Jul 8, 2005 Demand for planes and parts increases May factory orders. Strong demand for airplanes and parts helped raise U.S. factory orders 2.9% in May. The gain was the largest in 14 months. However, gains across different sectors were uneven, machinery and computer orders decreased, and orders for cars were flat. Jul 6, 2005 Federal insurer takes over United pensions; attendants may strike. The Pension Benefit Guaranty Corp. took over the pension plan for United Airlines flight attendants on Thursday. The workers oppose the takeover, and the union representing them has said the termination of the plan gives them the right to strike. United noted 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. approved the takeover of four pension plans by the federal pension insurer. Jul 1, 2005 Airbus WTO See World Trade Organization. creates panel to investigate Boeing, Airbus subsidy dispute. World Trade Organization panels will investigate whether the EU and U.S. paid illegal subsidies to respective jet makers Airbus and Boeing. The U.S. claims Airbus receives illegal state aid to develop its jetliners. Airbus counters that Boeing receives unfair subsidies in the form of defense contracts. Observers say the conflict could escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. into the biggest trade battle in history. Both sides say they are open to further negotiations. Jul 20, 2005 Airbus Airbus may forgo state subsidies for A350. The chief financial officer of EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study said jetmaker Airbus may decide not to use state loans to develop its planned A350 jetliner. Hans Peter Ring said forgoing for·go also fore·go tr.v. for·went , for·gone , for·go·ing, for·goes To abstain from; relinquish: unwilling to forgo dessert. the loans may help Airbus reach a settlement in a dispute with the U.S. over aircraft subsidies. U.S. jetmaker Boeing believes the state loans Airbus receives to develop new planes amount to unfair subsidies. Airbus counters that Boeing receives subsidies in the form of defense contracts. Ring said EADS will decide by September whether to develop the A350. Jul 8, 2005 AirTran AirTran Q2 profits drop on high fuel costs. Soaring fuel prices pushed second-quarter profits down at 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 . AirTran said it spent $108.3 million on jet fuel in the second quarter, up from $54.9 million a year earlier. The airline said second-quarter profits dropped 32%. Jul 27, 2005 Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. Alaska Airlines mechanics reject contract proposal. Mechanics at Alaska Airlines rejected a four-year contract proposal that would have boosted their wages. The airline and the union representing the workers will return to negotiations. Union leaders say the workers rejected the contract because it did not include retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a pay adjustments. The company says it believes the sides will reach an agreement. Jul 28, 2005 America West Airlines America West Airlines was one of the United States' ten major airlines. The airline was based in Tempe, Arizona, and is now a part of US Airways Group. At the time of its integration into US Airways, the airline maintained two hubs, one at Phoenix Sky Harbor International , 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). Three airlines report small Q2 profits. Several airlines posted small second quarter profits. America West Airlines said it earned $13.9 million, up from $10.7 million a year ago. JetBlue Airways reported a profit of $12.2 million, smaller than the $21.5 million reported a year ago. Fuel hedging Fuel hedging is the practice, often employed by airline companies, of making advance purchases of fuel at a fixed price for future delivery to protect against the shock of anticipated rises in price. See also
America West, US Airways Board approves US Airways, America West merger. The Air Transportation Stabilization board The Air Transportation Stabilization Board is an office of United States Department of the Treasury set up after the September 11, 2001 attacks to offer loans to troubled US airlines. External links
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 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. could get millions in stock if goals are met. American Airlines Chief Executive Gerard Arpey Gerard J. Arpey is the Chairman, President, and Chief Executive Officer (CEO) of AMR Corporation, parent company to American Airlines, the world's largest airline. External links
Securities certificates issued in the US by a transfer agent acting on behalf of the foreign issuer. The certificates represent claims to foreign equities. in 10 years if the company meets certain performance goals, according to a Securities and Exchange Commission filing. Arpey must also stay with American until 2015. The value of the stock on Tuesday was about $7 million. The company's board will decide Arpey's stock compensation. Factors will include profits, cash flow, revenue, stock price, operating performance and labor relations, among other things. Jul 27, 2005 American Airlines American workers help cut costs as carrier posts profits. American Airlines credits its employees with helping it return to profitability. The airline regularly asks workers for ways to cut costs. A group of pilots realized they save fuel by taxiing with one engine instead of two. Mechanics designed a machine that extends the life of drill bits and saves the company up to $300,000 a year. Jul 26, 2005 American Airlines American launches fuel-savings program: American Airlines has formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. its fuel conservation ideas and created a training program dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. Fuel Smart. Ideas include using ground-powered air conditioners Conditioners used on leather take many shapes and forms. They are used mostly to keep leather from drying out and deteriorating. A very old and widely used conditioner is dubbin. when planes are parked. Jul 11, 2005 American Airlines, Continental Airlines Profits rise at American, Continental despite high fuel. American Airlines and Continental Airlines Wednesday reported profits that topped analysts' expectations. Strong demand for travel and lower expenses helped both airlines, executives said. American Airlines Chief Executive Gerard J. Arpey noted fuel prices, which are expected to climb in the second half of the year, will force the airline to continue cutting costs. Continental executives warned they still expect a large loss for the full year. Jul 21, 2005 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 to outsource more maintenance, reservations jobs. Bankrupt ATA Airlines plans to outsource more heavy maintenance and reservations jobs. The company said the move will save $100 million over the next five years and eliminate 450 jobs. Jul 18, 2005 BMED BMED British Mediterranean Airways BMed Bachelor of Medicine BMEd Bachelor of Mathematics Education , British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. BMED, a British Airways franchise partner, has a new chief executive, David Richardson David Richardson may refer to:
NATS National Association of Teachers of Singing NATS Naval Air Transport Service NATS National Aerospace Technology Strategy NATS Nissan Anti-Theft System NATS Nebraska Association of Teachers of Science for 12 months and for the last two years managing director of Hays Commercial Services, the recruitment specialists. http://www.flybmed.com Jul 15, 2005 Boeing Boeing exports help narrow trade gap. U.S. airplane and airplane-part exports exceeded imports by $10.9 billion for the first five months of 2005, writes The Wall Street Journal's Justin Lahart. Boeing's commercial airplane business is driving the surplus, he writes. Without the surplus in airplanes and related parts, the nation's trade deficit would have been 6% wider. Jul 27, 2005 Boeing Boeing machinists authorize strike. Boeing machinists Wednesday overwhelmingly voted to authorize a strike. The strike vote does not indicate the likelihood of an actual strike. Nearly 11,000 workers also attended a union rally. Machinists are most concerned about retirement benefits and health care costs. Talks between the union and company began June 10. Jul 14, 2005 Boeing Boeing's profit from military contract will reflect performance. Boeing's profit on the Future Combat System contract will be closely tied to the company's performance. Brig Brig, town, Switzerland Brig (brēk), Fr. Brigue, town, Valais canton, S Switzerland, on the Rhône River, at the north entrance of the Simplon Tunnel. . Gen. Charles Cartwright said the company's base fee will now be 3% of the $21 billion contract. The base fee previously was 10%. The potential bonus fee will climb to 12% from 5%, he said. A Boeing spokesman said the company does not comment on financial details of contracts. Jul 13, 2005 Boeing New Boeing head could receive up to $53M in compensation. Boeing's new chief executive could receive up to $53 million for taking the top post at the aircraft manufacturer. The Boeing package replaces the one W. James McNerney Walter James "Jim" McNerney, Jr., is an American businessman. On June 30, 2005 he was named the CEO of The Boeing Company. Prior to that, McNerney was the Chairman and Chief Executive of 3M. He had been a member of the Boeing board of directors since 2001. received at 3M, where he was also chief executive. McNerney must stay at Boeing six years to receive its full value. Jul 7, 2005 Boeing New Boeing head may help company recover reputation. The new chief executive of Boeing could help the company improve its relationship with the Pentagon, Bloomberg News reported. James McNerney joins Boeing from 3M, where he was chief executive for four years. Observers say his status as a Boeing outsider will help the company recover from a recent procurement scandal. Jul 5, 2005 Boeing New Boeing CEO McNerney wants to "keep the momentum going". New Boeing Chief Executive W. James McNerney Jr. said a priority at the company is to "keep the momentum going," The Wall Street Journal reported. He also said he spoke with Boeing executives Alan Mulally For the English cricketer, see . Alan Roger Mulally (born August 4, 1945 in Oakland, California) is an American engineer and businessman. He is currently the President and Chief Executive Officer of Ford Motor Company. and James Albaugh, who were finalists for the chief executive post. Both indicated they plan to stay with Boeing. Other important priorities include finishing the 787 project, beating its European rival Airbus, and winning back the confidence of Congress, the Seattle Post-Intelligencer The Seattle Post-Intelligencer is one of two daily newspapers in Seattle, Washington, United States, the other being the Seattle Times. History The P-I, Seattle's first newspaper, was founded on December 10, 1863 as the Seattle Gazette reported. Jul 1, 2005 British Airways EU pollution proposal could push ticket prices higher. An EU proposal to make airlines pay for any pollution they cause could push ticket prices higher. Some airlines, including British Airways, support the proposal. The emission legislation, which is unlikely to go into effect until after 2008, would likely include all flights leaving the EU. Jul 24, 2005 British Airways British Airways executive Lord King dies at 87. The executive who transformed British Airways into a profitable airline by improving customers service, cutting costs and tweaking tweaking Vox populi Fine-tuning to produce optimal results its route structure died Tuesday. Lord King was 87. He took over the airline in 1981, and when the company's stock was offered to the public in 1987, demand for the stock was 11 times greater than the supply. Jul 14, 2005 Continental Airlines Continental says June revenue climbed 7% from last year. Continental Airlines said June unit revenue climbed 7% from last year, The Dallas Morning News reported. Continental is the only large carrier that provides revenue estimates, and it generally serves as an indicator for how the rest of the industry will fare. Despite the positive revenue figures, large airlines continue to struggle with soaring oil prices and steep competition from discount airlines. Jul 5, 2005 Delta Air Lines Delta must cut more costs to avoid bankruptcy, CEO tells workers. Delta Air Lines must cut more costs to avoid filing for bankruptcy protection, Delta Chief Executive Gerald Grinstein wrote in a memo to employees. The airline has not made enough progress in its plan to cut $5 billion in costs through next year, he said. The company today will announce more steps to streamline operations at its hubs, according to media reports. Delta's stock dropped 15% after the memo surfaced. Jul 28, 2005 Delta Air Lines Former Delta CEO finally off the payroll, report says. Former Delta Air Lines Chief Executive Ronald Allen
Ronald Allen (December 16, 1934 - (some sources say 1930) in Reading, Berkshire — June 18, 1991) was an established English character actor. left the company in 1997. However, he has remained on the company payroll drawing $500,000 each year for consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , The Atlanta Journal-Constitution reported. Now, Allen's agreement apparently has ended: It called for the consulting fee to last seven years with an automatic extension of one year. Some Delta employees have said Allen should not have taken the compensation while the company endured a financial crisis. Allen could not be reached for comment. Jul 27, 2005 Delta Air Lines New Delta COO an insider with a worldly perspective. Delta Air Lines' new 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. Jim Whitehurst Jim Whitehurst is a former Chief Operating Officer of Delta Air Lines, Inc. In that position he was responsible for Operations, Customer Service, Network and Revenue Management, Corporate Strategy and Marketing. Mr. brings both an insider's knowledge and a fresh perspective to the company. An Atlanta native, Whitehurst has worked at Delta as either a consultant or employee for five years. Whitehurst, who is 37, has also studied at the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden and has worked in Asia as a consultant. Jul 24, 2005 Delta Air Lines Delta Air reports Q2 loss on soaring fuel prices. Hurt by high fuel prices, Delta Air Lines reported a loss of $388 million for the second quarter. The loss was smaller than the $2 billion the airline lost in the same quarter a year ago. During a conference call, Chief Executive Gerald Grinstein said the company does not believe a bankruptcy filing is inevitable. "We continue to believe an out-of-court restructuring is the best way," Grinstein said. Jul 22, 2005 Delta Air Lines Delta names new COO as company contemplates bankruptcy. Delta Air Lines on Wednesday named a new chief operating officer and replaced its chief financial officer. The airline named Jim Whitehurst to the COO post, which had been vacant. Whitehurst was a senior vice president in charge of Delta's routes and pricing. The company also announced the resignation of Chief Financial Officer Michael Palumbo, who will leave to pursue other opportunities. Delta named Ed Bastian financial chief. Bastian left Delta last winter after working for the airline for six years. Meanwhile, senior executives are debating whether the company should file for bankruptcy, The Wall Street Journal reported. Jul 21, 2005 Delta Air Lines Delta's risk of bankruptcy persists, analyst says. Delta Air Lines' decision to raise a cap set on air fares is a "positive step," but does not improve the carrier's chance of avoiding a bankruptcy filing, one Wall Street analyst said. Delta's move will generate about $80 million in revenue. The airline brought in revenue of $15 billion in 2004. Jul 18, 2005 Delta Air Lines Airlines hire fashion designers to create employee uniforms. Six airlines have hired top fashion designers to help them revamp re·vamp tr.v. re·vamped, re·vamp·ing, re·vamps 1. To patch up or restore; renovate. 2. To revise or reconstruct (a manuscript, for example). 3. To vamp (a shoe) anew. n. their employees' uniforms. Delta Air Lines, for example, has hired Richard Tyler Richard Tyler is a fictional character in the USA Network science fiction television series The 4400. Character One of the first 4400s to be shown, Richard is Lily Tyler's husband, and is the father of her second daughter, Isabelle Tyler. to design clothing and shoes. The carriers hope sophisticated uniforms will help them distinguish themselves from their rivals. They also hope the uniforms, which will make workers easier to spot, put passengers at ease. Jul 7, 2005 Delta Air Lines Two top Delta Air Lines attorneys retire. Delta Air Lines General Counsel Greg Riggs said he will retire after 26 years with the airline, the Atlanta Journal-Constitution reported. Riggs will join the Atlanta law firm Alston & Bird. Delta Chief Executive Gerald Grinstein said he hopes to pick a replacement from within Delta. Delta Deputy General Counsel Walter Brill Brill or Bril, Flemish painters, brothers. Mattys Brill (mä`tīs), 1550–83, went to Rome early in his career and executed frescoes for Gregory XIII in the Vatican. also announced his retirement. Jul 6, 2005 Delta Air Lines Delta says it must cut costs further to avoid bankruptcy. Delta Air Lines said it may file for bankruptcy if it cannot reduce costs or if its cash level drops too low, Bloomberg News reported. Delta made the statements in a Securities and Exchange Commission filing Thursday. The company said its ability to meet "significant obligations" this year depends on ticket prices and the cost of jet fuel. Jul 1, 2005 Delta Air Lines, Northwest Airlines Pension bill could save airlines billions, but still faces hurdles. A pension bill endorsed by the Senate Finance Committee could save Northwest Airlines and Delta Air Lines billions of dollars if it becomes a law. However, the bill still faces obstacles. If it survives the legislative process, the bill would still need support from the White House. President George W. Bush has been skeptical about pension reforms tailored for certain sectors. Jul 28, 2005 Delta Air Lines, Northwest Airlines Pensions could force some airlines into bankruptcy. High fuel prices and current pension laws could force Delta Air Lines and Northwest Airlines to consider bankruptcy in the next six months, a Wall Street analyst said. The two airlines could file for bankruptcy within a year if nothing changes with the laws or fuel prices, 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 of JP Morgan said. He also expects some airlines to eventually close some hubs. Chertoff lifts Reagan's 30-minute rule, outlines agency changes Jul 14, 2005 Delta Air Lines, SkyTeam Delta, five SkyTeam partners apply for antitrust immunity. Delta Air Lines and five of its SkyTeam Alliance partners have applied for antitrust immunity. The partners say immunity would lower fares for business and leisure travelers. Rival American Airlines, which is a member of the OneWorld alliance, has objected to the application. Jul 7, 2005 EADS EADS Q2 climbs on strong aircraft deliveries by Airbus. Profits at Airbus parent EADS jumped 47% on a surge of passenger jet deliveries. Airbus said it delivered 102 jetliners in the second quarter, eight more than it did in the same period a year ago. It expects to deliver 360 planes this year, 40 more than it did in 2004. Jul 28, 2005 JetBlue Airways JetBlue to post profit in 2005, CEO says: JetBlue Airways will continue posting profits even if oil climbs to $80 a barrel, Chief Executive David Neeleman David G. Neeleman (born October 16, 1959) is the founder and former CEO of JetBlue Airways. Neeleman, an American of Dutch descent, was born in São Paulo, Brazil.[1] said. He said the company eventually will boost its margins to the "mid-teens." Neeleman predicted the price of oil will either fall or continue to climb and drive some carriers out of business. Jul 12, 2005 Northwest Airlines Northwest posts large Q2 loss on high fuel prices. Northwest Airlines posted a large second-quarter loss and warned it needs $1.1 billion in labor cost savings. Chief Executive Doug Steenland also said the company needs pension reform to avoid filing for bankruptcy. High fuel prices hurt the airline; the cost of fuel increased 52% compared with the same quarter a year ago, Northwest said. Jul 27, 2005 Northwest Airlines Northwest mechanics union may strike to keep jobs. The union representing Northwest Airlines' mechanics used to promise workers that it would never accept a pay cut during contract negotiations. Now, Northwest may face bankruptcy if it does not lower mechanics' pay and cut jobs, observers say. The union is now faced with balancing promises to workers with the future of the airline. It has said it will strike if the two sides do not reach an agreement later this month. Jul 26, 2005 Northwest Airlines Northwest attendants sue over training plan. Northwest Airlines is asking unionized flight attendants to train potential replacements should the union strike next month, the union representing the workers said. The Professional Flight Attendants Association The Professional Flight Attendants Association (PFAA) was an independent union which represented the approximately 10,000 flight attendants employed by Northwest Airlines in North America. , which represents the Northwest attendants, has sued the company, attempting to block the training. The airline says the suit has no merit. Jul 24, 2005 Northwest Airlines Preparing for possible strike, Northwest trains new workers. Northwest Airlines has trained replacement workers in case its mechanics strike next month. The National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the earlier this week declared a 30-day cooling-off period An interval of time during which no action of a specific type can be taken by either side in a dispute. An automatic delay in certain jurisdictions, apart from ordinary court delays, between the time when Divorce papers are filed and the divorce hearing takes place. after talks between the company and its mechanics union. The workers are free to strike after Aug. 19. Northwest says it will continue operating if the workers strike. Jul 22, 2005 Northwest Airlines Travelers nervous about possible Northwest strike: Some travelers are worried that a possible strike at Northwest Airlines could disrupt their plans. The airline has said it will fly a full schedule even if its mechanics strike on Aug. 19. Jul 21, 2005 Northwest Airlines Mediation board declares impasse im·passe n. 1. A road or passage having no exit; a cul-de-sac. 2. A situation that is so difficult that no progress can be made; a deadlock or a stalemate: reached an impasse in the negotiations. in Northwest talks. The National Mediation Board released Northwest Airlines and its mechanics union from contract talks Wednesday. The move triggers a 30-day cooling off-period after which the workers are free to strike. The two sides are expected to continue negotiations until the deadline of Aug. 19. Northwest said it will continue flying if the workers strike. Jul 21, 2005 Northwest Airlines Northwest mechanics authorize strike. Northwest Airlines mechanics voted to authorize a strike, the Aircraft Mechanics Fraternal Association The Aircraft Mechanics Fraternal Association (AMFA) is an independent union that represents aircraft maintenance employees of commercial airlines in the United States. AMFA is committed to the principles of craft unionism, in that it seeks to represent only airline mechanics and said. Both sides have asked the National Mediation Board to release them from contract talks, and on Monday the airline declined binding arbitration. A release from talks would trigger a 30-day cooling-off period. The workers may strike when the cooling-off period ends. Northwest is asking the workers to take $176 million in pay and benefit cuts; the union has offered temporary pay cuts that would save $143.5 million. Jul 20, 2005 Northwest Airlines Northwest Airlines rejects board's arbitration offer. Northwest Airlines rejected the National Mediation Board's offer to arbitrate a settlement between the company and its mechanics union. The board will likely release the two sides from mediated talks this week and declare an impasse. The impasse would trigger a 30-day strike countdown. Northwest has said it needs a minimum of $1.1 billion in labor cost reductions and $176 million must come from the mechanics. The union has offered a package that it says would save the airline $143 million each year. Jul 19, 2005 Northwest Airlines Northwest must cut costs to start repaying debt, analysts say. Northwest Airlines must start lowering the $15 billion in debt it has acquired, analysts say. The airline borrowed funds to help it survive the industry's downturn after the terrorist attacks in 2001. Four years later, the industry has not returned to profitability. Analysts say the airline must lower its labor costs and convince lawmakers to allow it to ease pension obligations. Jul 18, 2005 Northwest Airlines Mediators offer Northwest, mechanics binding arbitration. Federal mediators have offered to provide binding arbitration to Northwest Airlines and its mechanics union. If the sides reject the offer, it will likely trigger a 30-day countdown to a possible strike. Both sides said they are reviewing the offer. Jul 15, 2005 Northwest Airlines Northwest, mechanics union want release from talks. Northwest Airlines has joined its mechanics union in asking the National Mediation Board to release the two sides from contract talks. Both sides say they cannot agree on the size of pay cuts. If the board releases them, it would offer voluntary binding arbitration. A 30-day strike countdown would start if either side rejects arbitration. Jul 12, 2005 Northwest Airlines Analyst: Northwest union cannot afford long strike. The union representing Northwest Airlines mechanics cannot afford to finance a major strike, one Wall Street analyst said. Fulcrum fulcrum: see lever. Global Partners analyst Susan Donofrio said the union had just $159,000 in December. However, Northwest union representative Jeff Mathews said the union "is prepared to spend every last dime to achieve a fair contract." The union has asked the National Mediation Board to declare talks at an impasse. Northwest is trying to avoid filing for bankruptcy protection and has asked the workers to take pay cuts. Jul 11, 2005 Northwest Airlines Mechanics ask board to declare impasse in Northwest talks. The mechanics union for Northwest Airlines has asked the National Mediation Board to declare an impasse in contract talks with the company, according to media reports. The airline asked the board to end talks a month ago, but the board ordered the sides to continue talks. A decision by the board to release the sides from talks would trigger a 30-day countdown to a possible strike. Jul 6, 2005 Northwest Airlines Northwest may face bankruptcy without labor concessions, CEO says: Northwest Airlines will face bankruptcy unless employees agree to cost-cutting contracts by the end of the year, The Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. reported. Company officials said the airline needs $1.1 billion in savings from its workers. Pilots have already taken a pay cut. The company needs its flight attendants and mechanics to agree to pay cuts. Jul 6, 2005 Northwest Airlines Northwest mechanics to vote on strike authorization. Northwest Airlines' mechanics will vote on whether to authorize a strike during the next few weeks, Knight Ridder
Knight Ridder (IPA: /ˈrɪdɚ/) was an American media company, specializing in newspaper and Internet publishing. Newspapers reported. The mechanics union says the company does not "take current contract negotiations seriously." Northwest officials say the same thing about the union. The National Mediation Board turned down a request by the company to declare an impasse in the talks. Jul 5, 2005 Northwest Airlines Soaring fuel prices prevent Northwest from hedging, CEO says. High prices prevent Northwest Airlines from hedging the price of oil, the company's chief executive told shareholders Thursday. Doug Steenland also told shareholders the airline is transforming itself by lowering costs, the Detroit Free Press The Detroit Free Press is the largest daily newspaper in Detroit, Michigan, USA. It is sometimes informally referred to as the "Freep". Some still refer to it locally as "The Friendly" -- a slogan from an ad campaign in the '70s. reported. It is making efforts to avoid filing for bankruptcy, but Steenland also said the airline "needs to be realistic as to what the possibilities might be." Jul 1, 2005 Northwest Airlines, KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) , 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 Northwest could lose KLM alliance. Northwest Airlines could lose its longtime alliance with KLM Royal Dutch Airlines if the U.S. government does not grant Northwest's request for antitrust immunity with Air France, the new owner of KLM. The Northwest-KLM partnership boosts the two airlines' combined revenue by $2 billion each year. Jul 18, 2005 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' chief executive said the cost of improvements at Seattle-Tacoma International Airport Seattle-Tacoma International Airport (IATA: SEA, ICAO: KSEA, FAA LID: SEA), also known as Sea-Tac Airport, is located in SeaTac, Washington, United States at the intersections of Washington State Route 518, Washington State Route 99 and have exceeded estimates. Gary Kelly
Gary Kelly (born 9 July 1974 in Drogheda) is a retired Irish professional footballer who played his whole career for Leeds United. said the cost of the third runway has climbed to $1 billion from an original estimate of $540 million. The airline says costs are too high at the airport and it wants to relocate to Boeing Field Boeing Field, officially King County International Airport (IATA: BFI, ICAO: KBFI) is a two-runway airport owned and run by King County, Washington. , where it would build a new terminal. Jul 26, 2005 Southwest Airlines Proposal requires Southwest to pay costs at Boeing Field. Some King County officials in Washington state say Southwest Airlines should pay for improvements to Boeing Field if it relocates there from Seattle-Tacoma International Airport. A proposed ordinance requires the airline to pay for operating costs operating costs npl → gastos mpl operacionales and capital improvements. Southwest is considering leaving Seattle-Tacoma International because of increasing fees. A Southwest spokeswoman declined to comment on the proposal. Jul 19, 2005 Southwest Airlines Southwest's second-quarter profits climb 41% to $159M. Southwest Airlines' second-quarter profits increased to $159 million, up from $113 million a year ago. Southwest's fuel hedging program has protected it from surging oil prices, executives said. The company also said revenue increased 13% in the quarter. Jul 15, 2005 Southwest Airlines Residents protest Southwest's possible move to Boeing Field. Residents who live near Washington state's Boeing Field are worried Southwest Airlines may start flying from the airport. The airline is in talks with Boeing Field because of rising costs at Sea-Tac airport, where it now operates. Residents say the additional noise and poorer air quality would lower their quality of life. Southwest is expected to submit a formal proposal to move to Boeing Field this summer. Jul 14, 2005 Southwest Airlines Tennessee lawmaker proposes bill, seeks Southwest flights. A Tennessee lawmaker has introduced a bill that would add her state to the list of seven states where Southwest Airlines may fly from Dallas Love Field This article is about the airport. For the neighborhood, see Love Field, Dallas, Texas (Neighborhood). Dallas Love Field (IATA: DAL, ICAO: KDAL, FAA LID: DAL , the Dallas Morning News reported. Rep. Marsha Blackburn Marsha Blackburn (born June 6, 1952 in Laurel, Mississippi) is a Tennessee politician. A Republican, she represents Tennessee's 7th congressional district, which stretches from the suburbs of Nashville to the suburbs of Memphis. , R-Tenn., introduced her own bill rather than sign on to a proposal that would repeal all limits on flying from Love Field. Jul 6, 2005 Spirit Airlines Spirit to announce $100M in new financing, reports say. Spirit Airlines is expected today to announce $100 million in new financing, according to media reports. The private airline will use the funds to offset the soaring cost of jet fuel and to expand. Oaktree Capital Management Oaktree Capital Management LLC is a US investment management corporation which operates a number of investment entities commonly known as hedge funds of approximately $40 Billion. , the airline's lead investor, will contribute $70 million, and investment bank Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. will provide $30 million. Jul 19, 2005 United Airlines United Airlines posts large Q2 loss. United Airlines said its second-quarter loss grew to $1.43 billion, up from $247 million a year ago. The large loss included several charges related to the carrier's bankruptcy filing. Excluding the special items, United said it lost $26 million. Higher fuel costs also hurt the airline. United said it will file a 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. with the bankruptcy court around Aug. 1. Jul 29, 2005 United Airlines United attendants protest changes to pension: United Airlines flight attendants protested at 20 airports Thursday. The workers want to keep their current pension plan. The airline wants to turn the pension over to the federal government's Pension Benefit Guaranty Corp. Jul 29, 2005 United Airlines With aggressive cost-cutting, United's CEO keeps airline afloat. United Airlines Chief Executive Officer Glenn Tilton Glenn Tilton (born April 1948 in Washington, DC) is the Chairman, President, and CEO of UAL Corporation, the parent company of United Airlines. He has held this role since September 2002, 3 months before UAL Corp. filed for Chapter 11 bankruptcy protection. led a restructuring that included cutting 24,000 jobs and slashing slash·ing adj. 1. Bitingly critical or satiric: slashing wit. 2. Dashing; pelting: a slashing hailstorm. 3. $3 billion from employees' wages and benefits. He also turned the company's underfunded pension plan over to the federal government. Observers say Tilton's cost-cutting and his efforts to communicate with workers have kept the airline afloat. Jul 25, 2005 United Airlines United machinists approve cost-cutting contract. United Airlines machinists ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. a new contract Thursday. Their approval of the contract, which will save about $175 million each year, ends the company's effort to reduce labor costs. All of United's six unions have agreed to contracts that will save a total of $700 million annually. United is expected to file a reorganization plan with a bankruptcy court next month. Jul 22, 2005 United Airlines United close to final cost-cutting agreement. United Airlines' 20,000 ground workers this week will finish voting on a contract that would help the airline lower costs. The ground workers are the last United employees to vote on a new contract. If they ratify ratify v. to confirm and adopt the act of another even though it was not approved beforehand. Example: An employee for Holsinger's Hardware orders carpentry equipment from Phillips Screws and Nails although the employee was not authorized to buy anything. the agreement, United will have reached the $700 million in savings it needed through employee contract changes. Jul 18, 2005 United Airlines United says it needs $310M more to help exit bankruptcy. United Airlines told a bankruptcy court it needs an additional $310 million in loans as it works on its reorganization plan and attempts to exit bankruptcy. The bankruptcy loans would provide a "stable environment" for the carrier, which plans to leave bankruptcy this fall. United said it will get the funds by increasing existing debtor-in-possession loans. Jul 15, 2005 United Airlines United Airlines recalls 600 attendants. United Airlines has recalled 600 flight attendants who took voluntary layoffs. The company said they would recall an additional 851 attendants by late fall. United said it needs more workers because its planes are flying closer to full capacity. Jul 11, 2005 United Airlines United transforms flight center into revenue center. United Airlines' Denver flight center is generating millions in revenue for the bankrupt company. The center, which houses 26 advanced simulators, sells pilot training services and simulator time to other aviation companies. United says the business will create 100 jobs over the next few years. Jul 7, 2005 United Airlines United to cut meteorologist positions: United Airlines plans to lay off its staff of 20 meteorologists Atmospheric scientists
US Airways US Airways reservations center closes its doors. US Airways will close a reservation center today near Pittsburgh after operating it for 40 years. Pittsburgh was once a major hub for the airline. US Airways has downsized its Pittsburgh operations over the past four years. Jul 29, 2005 US Airways US Airways predicts profits by 2007 if merger is allowed. US Airways will post a profit by 2007 if it merges with America West Airlines, US Airways said in a filing submitted to a bankruptcy court. The company is trying to convince creditors to approve the merger. Jul 21, 2005 US Airways New US Airways may post profits amid soaring oil prices. US Airways and America West Airlines may post profits even if oil prices remain near $60 a barrel, industry observers say. In an employee newsletter, America West recently predicted several large airlines would file for bankruptcy if oil prices stay at $60. The airline said the new US Airways can still be "a survivor." Jul 19, 2005 US Airways US Airways marketing chief resigns for post at Indian carrier. US Airways said its marketing chief will resign next month to become chief executive of IndiGo, an Indian discount airline. N. Bruce Ashby helped plan US Airways' bankruptcy reorganization plan. Last month a bankruptcy court limited funding for severance and retention of managers and senior executives to $15 million. A spokesman for the company said it is unclear whether more executives will resign. Jul 18, 2005 US Airways US Airways receives $65M for reorganization from 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" . Connecticut hedge fund Tudor Investment will provide US Airways with $65 million for its reorganization and merger with America West Airlines. In return, the fund will receive a 6% stake in the new carrier. Jul 8, 2005 US Airways US Airways cuts free pretzels for $1M savings. US Airways will stop serving free pretzels on domestic flights, a move officials say will save more than $1 million each year. Last month, Northwest Airlines also stopped serving free pretzels, but started selling bags of trail mix for $1. Jul 7, 2005 US Airways US Airways submits reorganization plan centered on merger. US Airways submitted its reorganization plan to a federal bankruptcy court Thursday. Submitting the plan is one of the last steps the airline must take toward emerging from bankruptcy protection. The plan involves the airline's proposed merger with America West Airlines, which would create a large, low-cost carrier A low-cost carrier or low-cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. . Jul 1, 2005 US Airways, US Airways Express US Airways Express is an airline brand name, rather than a fully certificated airline, and as such, the US Airways Express name is used by several individually owned airlines or airline holding companies which provide regional airline and commuter service for US Airways. US Airways to transfer workers: About 90 US Airways will be transferred from Philadelphia to other cities. Most jobs will shift from US Airways unit PSA Airlines
PSA Airlines is an American regional airline based in Dayton, Ohio, USA that flies under US Airways Express brand for US Airways. PSA is wholly owned by US Airways Group. to Air Wisconsin Air Wisconsin is an airline based in Appleton, Wisconsin, USA. Air Wisconsin Airlines Corporation, or AWAC, is the largest privately held regional and commuter airline which operates regional jet flights as US Airways Express under contract to US Airways, serving around 70 , which will operate some US Airways Express flights. Jul 8, 2005 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion