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Oct31
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Know More:
UAL Corp. (UAUA) the parent company of United Airlines posted it's first back to back profit since 2000. The airline reported a net profit for the 3rd quarter of $190 million dollars, making it one of several airlines this quarter to show profits.
The airline still managed to make a profit despite higher than expected fuel prices which were mostly offset by fare increases at the airline. The airline showed strong performance after it increased the numbers of seats to international destinations in Europe.
United is looking to add 3 to 3.5% seating capacity in the fourth quarter and roughly 2.5% for the upcoming 2007 year.
What a positive sign for the airline that no one though would make it, though they are far from out of the woods. Two profitable quarters does not constitute frivolous spending on their part again. They need to continue to work on customer service, products and keeping the airline slim and profitable.
With a lot of airlines returning to profitability do not look for many mergers to be taking place. The main goal of a merger is to eliminate the competition and increase market share in order to better control the market. Don't look for airlines to be seeking a merger partner anytime soon. All of them seem to be in better financial standing than just a few years ago. So the reason for a merger is not applicable anymore.
Chicago Tribune
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Oct29
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What costs $1.1 Billion dollars, lead to the destruction of thousands of houses and business, and is rarely used? Lambert St. Louis International Airport's Runway 11-29. Of the 126,000 departures and arrivals at the airport only 6,600 of them used...
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*Update* American, Delta, Northwest, and United Airlines have rescinded their fare hikes citing efforts to stay competitive after other low cost carriers did not match the fare hikes. 10/30Are low cost carriers hurting the legacy carriers? It looks like price...
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Things took a significant turn for the better at Mesaba Airlines this weekend as two of the three unions agreed to a deal. The Pilots union was the first to agree to new terms after the US Judge blocked the...
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It looks as if the repercussions from the A380 fall out at Airbus are having some serious impacts. Gulf Daily News is reporting that Dubai-based Emirates Airlines has canceled orders worth $4 billion for the Airbus A340 and is in...
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Oct26
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Some have said that this could be a turn around year for the airlines as they hope to see profits amid years and years of billion dollar losses. However, we are not seeing that from a lot of airlines in...
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Oct24
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Higher fuel costs not only hurt the legacy carriers but the low cost carriers are feeling the pain too. Jetblue Airways (JBLU) posted a loss of just $500,000 dollars but the costly loss is still forcing the airline to scale...
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One of the industry's consistent profit maker actually posted a 3rd quarter loss in 2006. Alaska Air Group Inc., (ALK) the parent of Alaska Airlines posted a loss of just over $17 million dollars for the three months. Compared to...
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U.S. Bankruptcy Judge Gregory Kishel has blocked the unions at bankrupt carrier Mesaba Airlines from performing any sort of strike, work stoppage, work slow down or "sick" out. The airline can now impose massive pay concessions on the unions. Tom...
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Oct22
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New planes are on their way to Northwest Airlines and passengers could be flying on them as early as October 2008. Northwest Airlines said it has reached agreements with Boeing and Rolls-Royce that will "pave the way" for delivery of...
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The golden egg for many carriers seems to be destinations south of the border. American, United, Continental and Frontier are seeing big numbers when it comes to demand for services to Mexico, the Caribbean, and South America. For Frontier Airlines...
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Oct21
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The US Judge will rule on whether or not Mesaba employees can strike if the company imposes wage concessions on them on Monday, but told the airline to hold off imposing those cuts until at least Thursday. No talks are...
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Oct19
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A few of the other carriers reported their third quarter results. It seems that most of them are turning profits but it really depends on the carrier to how much they made. Continental Airlines seems to be a big winner...
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Oct18
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Good news out of American Airlines parent company today, AMR Corp., (AMR) reported an income of $15 million dollars. If you include the non-cash charge in Other Income (Expense) to reduce the book value of certain outstanding fuel hedge contracts...
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Will Mesaba Airlines collapse by the end of this week? A US judge had delayed the ruling on whether or not Mesaba employees can strike, that will come later. But the airline has the right at 12.01am on Wednesday to...
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Where will Frontier Airlines new prop service start? If you are a small to medium sized city within 1200 miles of Denver, Frontier Airlines wants your feedback. The airline is currently polling cities to see if they want the new...
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Oct17
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With a deal on the Wright Amendment in place Southwest Airlines is taking full advantage of it. Starting Thursday the airline will have in place at Dallas Love Field more than 20 new destinations. Should American Airlines be scared? "This...
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As the end of the year inches closer and closer it is time to start thinking about those mileage runs. I know that I am planning quite a few right up the very last moment. You better believe I'm on...
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A few days back United Airlines threw a huge fit when Jetblue Airways filed a request with the FAA for slots at O'Hare International Airport. Now, United can be expected to throw an even bigger fit as the FAA has...
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Oct16
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Another bad sign for US Airways as flight attendants said they will stage a Halloween Protest over "stagnant wages, sluggish contract negotiations and management's 'nothing-for- workers' negotiating stance." The management at US Airways have publicly stated that a merged flight...
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Oct11
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Northwest Airlines has announced quite a few new routes to Europe in recent days. Some of the routes make sense, and others do not make any sense at all. The airline will begin new service to Brussels, Belgium and Dusseldorf,...
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Breaking News Out of New YorkNot believed to be any terror attack. A small airplane crashed into a 50-story residential building on Manhattan's East Side on Wednesday, killing at least one person, the New York City Fire Department said. The...
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Oct10
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Could Comair be one of the latest airlines to see themselves balancing on the outcome of a strike block by a judge? Comair has filed a motion with a US judge to stop any sort of job action as the...
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Oct 9
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When people book a flight on an airline, they are looking for some key things. The safety of the airline. Since all the air carriers in the US follow the same rules, everyone is pretty much on the same playing...
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Alaska Air Group, Inc. (ALK) the parent company of Alaska Airlines wants to keep costs under control like many airlines these days. So the airline is moving to cut 95% of their complimentary meals in coach by the end of...
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Oct 7
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The pilot shortage at Northwest Airlines is beginnig to affect them as they continue to recover. The pilot's union at Northwest Airlines says that they have had to cancel some domestic flights as there are not enough pilots to fly...
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Oct 6
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Denver International Airport was built less than 15 years ago and was built to handle 50 million passengers a year, but with projections for passengers traveling through DIA this year to be nearly 48 million the need to expand to...
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One of the few airlines out there that still honors their employees and committment to the airline. Continental Airlines said today (Oct 6) that they will contribute $70 million dollars to their pension program. The contribution will bring its 2006...
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Here in the northern plains large cities are hard to come by, so air services tend to be limited, but for those that live in even more remote areas, air services are seen as a way to help keep people...
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Oct 5
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It is no surprise that in August the complaint rates for lost baggage were up for the major carriers in the United States. And it is no surprise that the on-time rates were up too for the carriers. All of...
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Chicago O'Hare is home to two major hub operations and many international flights but one thing lacking is JetBlue. The airline has started the process in requesting gate access into the city. The airline says that if you look at...
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Oct 4
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In a move to replace their aging fleet, Northwest Airlines is in talks to place a large order with Brazil's Embraer and Canada's Bombardier Inc. NWA is looking to replace 105 aging DC9 aircraft, and it is looking to purchase...
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AirTran Holding Inc., (AAI) the parent company of Air Tran Airways has announced new routes from Newburgh, N.Y. to Tampa, Fort Lauderdale, Orlando and Atlanta beginning in January. The new routes are part of a series of new routes announced...
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Oct 3
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For pilots who find it difficult to find jobs here in the United States, perhaps they should look to foreign countries for more opportunities. International carriers have been growing at a tremendous rate, especially those based in the Asia/Pacific regions. ...
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