Airline Finance News - North America.


New York (AirGuideBusiness - Airline Finance News North America) Apr 10, 2011

Air Pacific, Boeing Fiji's Air Pacific appears to be the carrier behind the cancellation of eight Boeing 787s disclosed in Boeing's order books last month. The airline had ordered five 787-9s in April 2006 and taken purchase rights on another three. These aircraft were originally intended for delivery this year. Air Pacific subsequently firmed the purchase rights in December 2007, taking its overall total to eight 787-9s. The airline also selected General Electric GEnx engines for the twinjets. Apr 7, 2011

Air Wisconsin Air Wisconsin Pilots Withdraw from ASAP Program, Citing Management Program Breach. Pilot leaders of Air Wisconsin Airlines Corporation (AWAC) will no longer support or participate in the airlineOs Aviation Safety Action Program (ASAP) effective April 7. Representatives for the pilotsO union made this difficult decision following recent actions by the AWAC flight department, which interfered with the conduct and integrity of the program. The goal of the ASAP is to enhance aviation safety through the prevention of accidents and incidents by using reports voluntarily submitted by pilots in a pro-active, non-punitive environment. The ASAP program encourages air carrier employees to voluntarily report safety information that may be critical to identifying potential precursors to accidents. These reports are made in a non-punitive environment that protects employees who voluntarily submit reports. The goal of the ASAP is to enhance aviation safety through the prevention of accidents and incidents. Its focus is to encourage voluntary reporting of safety issues and events that come to the attention of employees of certain certificate holders. ASAP is based on a safety partnership that includes the FAA and Air Wisconsin, and must include any third party such as the employee's labor organization. Founded in 1931, the Air Line Pilots Association, Int'l is the world's largest pilot union, representing nearly 53,000 pilots at 38 airlines in the United States and Canada. The Air Wisconsin pilot's 12-man MEC represents the 665 pilots at Air Wisconsin. Apr 7, 2011

AirTran Airways AirTran Airways Reports March Traffic. AirTran Airways, a subsidiary of AirTran Holdings, Inc. reported traffic for the month of March. The airline reported that revenue passenger miles (RPMs) were up 5.5 percent from the same time in 2010, while the available seat miles (ASMs) grew by 6.8 percent. AirTran Airways was recently named the top ranked airline by the Airline Quality Rating (AQR) for overall performance in 2010. For March, traffic grew by 5.5 percent to more than 1.8 billion RPMs. The airline's load factor in March was 82.8 percent, a 1 percentage point decrease from the same period last year. The load factor for the first quarter was a record at 78.5 percent. The number of passengers enplaned grew by 2.3 percent to more than 2.2 million, which is a record for March. AirTran Airways is a Fortune 1000 company and has been ranked the top airline in the Airline Quality Rating study twice in the past four years. AirTran is the only major airline with Gogo Inflight Internet on every flight and offers coast-to-coast service on North America's newest all-Boeing fleet. Our low-cost, high-quality product also includes assigned seating, Business Class and complimentary SiriusXM Satellite Radio on every flight. To book a flight, visit Apr 5, 2011

AirTran Airways International Assn. of Machinists and Aerospace Workers announced AirTran AirwaysO 2,900 fleet and passenger service/reservation employees have voted by majority to join the Machinists Union. The National Mediation Board conducted the Internet and telephone vote from Feb. 28-March 28. Apr 5, 2011

Alaska Airlines Alaska Air hedging program saves $400M, CFO says. Alaska Air Group Chief Financial Officer Brandon Pedersen said the airline's hedging program has helped it save nearly $400 million. He noted that the airline's hedging program has remained essentially unchanged since it was launched a decade ago. "Our program is really designed to be price-agnostic. We go into the market and buy at current prices, and what it is is what it is," Pedersen said. Apr 8, 2011

Alaska Airlines Alaska Airlines reached a tentative agreement March 30 on a new four-year contract with its 36 dispatchers, represented by the Transport Workers Union. The proposed contract includes wage increases and provisions to address quality of life issues, among other changes. Apr 5, 2011

Alaska Airlines Alaska Air Group Reports March Operational Results. Alaska reported a 19.3 percent increase in traffic on a 15.3 percent increase in capacity, resulting in a 2.9-point increase in load factor to a record 87.4 percent. Alaska also reported that 82.6 percent of its flights arrived on time in March, a 4.6-point decrease compared to the 87.2 percent reported in March 2010. March on-time results were negatively impacted by a computer system outage that disrupted operations on March 26. Horizon reported a 0.1 percent decline in traffic on a 7.5 percent decline in capacity compared to March 2010, resulting in a 5.8-point increase in load factor to a record 79.1 percent. Horizon also reported that 80.2 percent of its flights arrived on time in March 2011, a 10.9-point decrease compared to the 91.1 percent reported in March 2010. Like Alaska, Horizon's on-time performance results were negatively impacted by a computer system outage that disrupted operations on March 26. E Apr 4, 2011

American Airlines American Airlines Reports March Traffic. American Airlines reported its March traffic increased 0.8 percent versus the same period last year. Capacity increased 2.6 percent year over year, resulting in a load factor of 80.2 percent compared to 81.7 percent in the same period last year. International traffic increased by 5.2 percent relative to last year on a capacity increase of 7.1 percent. Domestic traffic decreased 1.7 percent year over year on 0.1 percent less capacity. American boarded 7.4 million passengers in March. Apr 5, 2011

American Eagle American Eagle reported a March traffic increase of 18.8 percent year over year as capacity increased 20.4 percent. March load factor was 71.0 percent, a decrease of 0.9 points compared to the same period last year. American Eagle boarded nearly 1.7 million passengers in March. Apr 5, 2011

Atlas Air Atlas Air Worldwide Holdings Recognizes Strategic Suppliers. Atlas Air Worldwide Holdings, Inc., a leading global provider of air cargo assets and outsourced aircraft operating services and solutions, today announced the recipients of its first annual Strategic Supplier Awards. The awards, presented to the winners at a dinner ceremony in Greenwich, Conn., recognize excellence in service and performance among the companyOs global and small-business suppliers. The Atlas Air Strategic Supplier Awards were presented to seven companies in six categories: The 2011 Outstanding Achievement Award was awarded to KLM Engineering & Maintenance for its 18-year relationship in which it has provided superior maintenance and engineering services. The 2011 PresidentOs Award went to DHL Express for consistently exceptional service and outstanding on-time delivery in time-definite freight services for the shipping of aircraft material, parts, and components. Two companies received the 2011 Service Quality and Value Award. Evergreen Aviation Technologies Corp. (EGAT) was recognized for outstanding quality and on-time performance for heavy aircraft maintenance checks that were either on time or early. The other award went to AACT in recognition of excellent performance and 100 percent reliability for services at its air-cargo terminal at Incheon International Airport, South Korea. The 2011 Innovation, Cost and Risk Management Award is in recognition of a supplier that applies innovative ways to reduce cost and risk while maintaining quality. The winner, MTU Maintenance Hannover, provided the company with better-than-industry average on-wing time for aircraft engines. The 2011 Safety & Compliance Award went to Aircraft Services International Group (ASIG) for superior standards compliance and safety performance. The 2011 Small Business Award was awarded to Xand Corporation for superior service in support of the companyOs growing needs in information technology. Apr 6, 2011

Boeing, Air Algerie Boeing this week delivered one 737-800 to Air Algerie, the North African carrierOs 50th Boeing aircraft and the fourth of seven 737NGs it ordered in 2009 Apr 7, 2011

Boeing, Qatar Airways Boeing, Qatar Airways Announce Order for Five 777s. Boeing and Qatar Airways today announced orders for three 777 Freighters and two 777-300ERs. The orders are valued at $1.4 billion at list prices. The 777 Freighter order was previously accounted for on Boeing's Orders and Deliveries website as unidentified in 2010. The 777-300ER order was previously accounted for on the Orders and Deliveries website in 2011. Qatar Airways currently operates eight ultra-long range 777-200LR, 15 777-300ERs and two long-range 777 freighters. ELast week, the airline took delivery of its 25th 777. Apr 6, 2011

Boeing, Tassili Airlines Boeing delivered a 737-800 to Algeria-based Tassili Airlines. Tassili Airlines' primary mission is to transport employees of Sonatrach to and from its oilfields and bases. The 737 was the fourth of seven ordered in 2009. This delivery also marked the 40-year partnership between Boeing and Air Algerie. Since receiving its first Boeing airplane in March 1971, Air Algerie has expanded to include 18 737s and three 767s. Apr 6, 2011

Delta Air Lines Fitch Ratings has assigned a rating of 'BB-/RR1' to Delta Air Lines planned $1.225 billion first lien secured revolving credit facility maturing in 2016 and its $1.375 billion first lien secured term loan due 2017. The new facilities have been arranged to refinance the airline's...

To continue reading