Low Cost Airline News - North America.Apr 23, 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 Midwest board urges shareholders to reject AirTran bid The board of Midwest Air Group Midwest Air Group, Inc. AMEX: MEH is an airline holding company based in Oak Creek, Wisconsin now controlled by parent company, TPG Capital Texas Pacific Group. Northwest Airlines Inc,. on Friday repeated its recommendation that its shareholders reject AirTran's bid to acquire their shares. The board reiterated its belief that industry market conditions will continue to improve and increasingly favor high-quality carriers like Midwest and that AirTran timed its revised offer to acquire Midwest before these factors are fully reflected in Midwest's share price. AirTran has said that it will not increase the offer. Apr 16, 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). Soros Raises Stake In JetBlue Billionaire investor George Soros George Soros Born in Budapest, Hungary, in 1930, George Soros is considered by many to be one of the world's greatest investors. A famous hedge fund manager, Soros managed the Quantum Fund, a fund that achieved an average annual return of 30% from 1970-2000. reported in a regulatory filing on Wednesday that he had increased his stake in discount carrier JetBlue Airways to 11.5 percent from 9.7 percent. Apr 18, 2007 JetBlue Airways JetBlue Airways will launch A320 service from Boston to San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. (daily from June 28) and Aruba (Saturdays from June 30). It also named General Counsel Jim Hnat as executive VP-corporate affairs and corporate secretary. Apr 16, 2007 Southwest Airlines Southwest reports stronger Q1 profits Southwest Airlines reported a first quarter profit of $93 million, up from $61 million a year ago. The airline noted that its hedges on jet fuel are unwinding. Apr 20, 2007 Southwest Airlines Southwest ripe for leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , analyst says: Southwest Airlines' strong profits, unencumbered assets and low debt make it a good candidate for a leveraged buyout, according to one analyst. CreditSights analyst Roger King estimates Southwest's market value at $15 billion. A spokesman for the airline declined comment. Apr 20, 2007 Southwest Airlines Sixteen years worth of profitable quarters have raised standards and expectations at Southwest Airlines, which yesterday reported a 52.5% increase in first-quarter net profit to $93 million from $61 million in the year-ago quarter but called the result "disappointing" thanks to drops in both operating and non-GAAP earnings. Apr 20, 2007 Southwest Airlines Southwest, disenchanted dis·en·chant tr.v. dis·en·chant·ed, dis·en·chant·ing, dis·en·chants To free from illusion or false belief; undeceive. [Obsolete French desenchanter, from Old French, with first- quarter costs and projections for domestic growth, is thinking about departing slightly from its successful business model and leveraging its enviable brand position.The airline reported a first-quarter profit yesterday of $93 million, up from $61 million this time last year. It also had record first-quarter revenues of $2.2 billion, up 8.9% from last year. But its operating costs rose 4.3%, and 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. fell to $84 million from $98 million. Apr 20, 2007 Southwest Airlines US discount carrier Southwest Airlines said on Thursday it posted higher first-quarter earnings but that its jet fuel hedges are gradually unwinding. Apr 19, 2007 Southwest Airlines Southwest Airlines flight attendants, represented by the TWU TWU Texas Woman's University TWU Transport Workers Union TWU Trinity Western University TWU Two Worlds United TWU Texas Wesleyan University TWU Transport Workers Union of America TWU Telecommunications Workers Union , support the American Airlines position and will sign an online petition protesting executive pay. "Our members are stunned and angered by the size of the stock giveaways to American's executives," TWU Local 556 President Thom McDaniel said. Apr 18, 2007 Sun Country Airlines Sun Country Airlines named Champion Air President and 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. Stephen Spellman as its new CFO See Chief Financial Officer. and COO. Apr 17, 2007 ZZ 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 AirGuideFlightTracker is a new, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Apr 16, 2007 |
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