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Airline Finance News - North America.

For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 10, 2006

Airlines post record load factors. Strong demand for travel and reduction in capacity have allowed airlines to boost fares and increase load factors. Strong demand for travel has allowed U.S. carriers to raise ticket prices by 10% so far in 2006. In June, load factors approached 90%, which is about as high as they can go, an industry economist said. Carriers are expected to continue raising fares for six months to offset the high cost of jet fuel. Airlines also posted a lower on-time rate in May, compared with the same time a year ago. Jul 7, 2006

Airline Shares Drop. Airline shares slumped in midday trading Friday, as oil prices remained above $75 per barrel. The Amex Airline Index fell 1.3 percent, continuing its stall this week amid the high fuel prices. Jul 7, 2006

Airline stocks dip slightly; carriers post strong June traffic. The Amex Airline Index dropped less than 1% on Wednesday, a day when carriers reported gains in June traffic. Airlines could continue posting higher unit revenue. Unit revenue could continue climbing for U.S. airlines, according to industry analysts. The Air Transport Association said mainline unit revenue climbed 12.6% in May for seven major carriers, and the average airplane had 80.7% of its seats filled in May. Jul 5, 2006

ACE Aviation, Air Canada, Air Canada Jazz

ACE Aviation Sells More US Airways Stock. ACE Aviation Holdings, the holding company for Air Canada and regional carrier Air Canada Jazz, on Friday said it sold another 2.75 million shares of its stake in US Airways Group Inc. on the open market for $137.9 million, or just over $50 per share. Jul 7, 2006

American Airlines

American Airlines reported Wednesday that it flew flat traffic (actually down, but by only one-tenth of 1 percent) on capacity down 3.1 percent. American June traffic at a glance: Revenue passenger miles: 12.66 billion. Year before: 12.67 billion. Available seat miles: 14.82 billion. Year before: 15.29 billion. Load factor: 85.4 percent. Year before: 82.8 percent. On Asia-Pacific routes, American flew 649.8 million RPMs on 729.3 million ASMs to produce a regional load factor of 88.9 percent. Jul 6, 2006

Continental Airlines

Continental Airlines Raises $156 Million From Sale of Copa Stock. Continental Airlines Inc. said Wednesday that it raised $156 million by selling shares in the parent of Panama's Copa Airlines and contributed nearly half the proceeds to its pension plans. Continental said it sold 7.5 million of its 11.9 million shares of Copa Holdings S.A. U.S.-traded shares of Copa Holdings SA fell 11 cents to close at $23.09, while Continental shares rose 66 cents, or 2.2 percent, to $30.16 Wednesday on the New York Stock Exchange. Jul 5, 2006

Continental Airlines

Continental Airlines flew almost 85 percent full in June, roughly two points better than at the same time last year. Houston-based Continental said its systemwide, mainline and international load factors, all in the same range, were all records. Traffic grew 13.7 percent on capacity that grew 10.6 percent, so the load factor improved by 2.3 percentage points from a year ago. June traffic at a glance: Revenue passenger miles: 8.22 billion. Year before: 7.23 billion. Available seat miles: 9.73 billion. Year before: 8.80 billion. Load factor: 84.5 percent. Year before: 82.2 percent. Continental flew 653.3 million revenue passenger miles on its Continental Micronesia network, reflecting 7.4 percent more traffic on 6.8 percent more capacity. Micronesia load factor rose half a point to 81.6 percent. Continental serves Hawaii directly from Newark, Houston, Los Angeles and Guam. Jul 5, 2006

Continental Airlines

Continental Airlines Reports June 2006 Operational Performance. Continental Airlines today reported a June consolidated (mainline plus regional) load factor of 84.5 percent, 2.3 points above last year's June consolidated load factor, and a mainline load factor of 84.8 percent, 1.9 points above the June 2005 mainline load factor. The carrier reported a domestic mainline load factor of 86.7 percent, 2.0 points above June 2005, and an international mainline load factor of 82.7 percent, 1.9 points above June 2005. All four were records for June. The carrier also reported a record daily load factor of 94.0 percent on June 30, 2006, for Continental operations (which excludes regional and Continental Micronesia). Jul 3, 2006

Delta Air Lines

Delta Air Lines has posted its highest load factor for any month ever, 84.5 percent, and says in June it flew 94.4 percent full, its all-time record. Other airlines flew fuller. Delta said Thursday its traffic was down 8.8 percent on capacity down 11.1 percent from June 2005 to June 2006. Delta June traffic at a glance: Revenue passenger miles: 11.11 billion. Year before: 11.12 billion. Available seat miles: 13.16 billion. Year before: 13.57 billion. Load factor: 84.5 percent. Year before: 82.0 percent. On its Asia-Pacific route network, Delta flew 103.6 million RPMs on 110 million ASMs for a regional load factor of 94.1 percent. Delta is but the latest Mainland carrier to post record load factors. Jul 6, 2006

Delta Air Lines

Delta Air Lines went from 4,854 flights to 4,198 flights, a 13.5 percent decline. Together, the two airlines, which entered Chapter 11 bankruptcy on the same day last September, have cut more than 1,000 daily flights as they restructure. Locally, Delta cut more than 23 percent of its flights from Raleigh Durham International Airport between June 2005 and June 2006, RDU spokeswoman Jill Denning says. Last June, the airline operated 47 flights out of RDU. Today, it operates just 36. Jul 3, 2006

Mesaba Airlines

Creditors want hand in Mesaba labor deals. The creditors committee of Mesaba Airlines Inc. is offering to help broker a deal between the Eagan-based airline, which is in Chapter 11 bankruptcy, and its unions. Jul 6, 2006

Northwest Airlines

Northwest Airlines flight attendants voted on Thursday to throw out their independent union and join the larger, stronger Association of Flight Attendants. But with Northwest free to impose new pay cuts and work rule changes on July 17, it may be too late for the new union to negotiate improvements. Jul 6, 2006

Northwest Airlines

Northwest Airlines reported Wednesday that it had 8.8 percent less June traffic on 11.1 percent less capacity, and flew almost 89 percent full systemwide. Revenue passenger miles: 7.01 billion. Year before: 7.68 billion. Available seat miles in June: 7.88 billion. Year before: 8.87 billion. Load factor: 88.9 percent. Year before: 86.6 percent. On Asia-Pacific routes, Northwest flew 1.7 billion RPMs, down 8.1 percent, on 1.86 billion ASMs, down 7.2 percent, for a 92.5 percent regional load factor. Northwest is the busiest non-Japanese carrier at Tokyo Narita and flies to Hawaii from both Tokyo and Osaka. Jul 6, 2006

Northwest Airlines

Northwest Airlines, which has been operating under bankruptcy protection, on Wednesday said passenger traffic declined 8.8 percent in June due to weakness on domestic and international flights. Jul 5, 2006

United Airlines

United Airlines Traffic Rises 2.3 Percent in June. United Airlines said Wednesday June traffic rose as the airline increased the number of seats available and filled a higher percentage of them. United said revenue passenger miles rose 2.3 percent last month to 10.76 billion from 10.51 billion in the year-ago month. A revenue passenger mile represent one paying passenger flown one mile. The airline's capacity, or available seat miles, grew 2.2 percent to 12.18 billion from 11.92 billion last year. United's load factor, or the percentage of available seats filled, expanded to 88.3 percent from 88.1 percent. For the year to date, revenue passenger miles are up 4.2 percent to 58.15 billion, capacity has increased 2.3 percent and load factor expanded to 82.4 percent from 80.8 percent. Jul 5, 2006

US Airways

US Airways Says Cash Holdings Are Growing, Updates Fuel Hedges Through 2006. US Airways Group said Friday it has 41 percent of its fuel hedged for the second quarter, as the airline tries to lock in fuel prices before they escalate further. The Tempe, Ariz.-based carrier said in a filing with the Securities and Exchange Commission that its second-quarter hedges are set at an equivalent price of $67.37 per barrel of oil. With the hedges, the airline expects to pay between $2.15 and $2.20 per gallon for jet fuel in the second quarter, including taxes. Jul 7, 2006

US Airways

US Airways June Traffic Falls 5.8 Percent US Airways Group Inc. on Thursday said passenger traffic slid 5.8 percent in June, driven lower by a weaker performance on both its US Airways and America West flights. Jul 6, 2006

Wisconsin Airlines

Wisconsin Supreme Court Upholds State Property Tax Exemption for Wisconsin Airlines. In a 5-2 decision, the Wisconsin Supreme Court has upheld a state property tax exemption for airlines operating hub facilities in Wisconsin. Jul 7, 2006
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Publication:Airguide Online
Geographic Code:1USA
Date:Jul 10, 2006
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