Airline Finance News - North America.

 
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Mar 29, 2009

US Regional airlines enjoyed robust growth and financial returns over the past several years when mainline partners reduced capacity and outsourced flying, but those days may be coming to an end, Delta Connection Senior VP Don Bornhorst said. Mar 25, 2009

U.S. and overseas airlines asked the Obama administration to oppose an effort in Congress they said would threaten the global aviation alliances that allow relief from antitrust law to coordinate schedules and fares, particularly on transatlantic routes. Lobbyists for airlines, hotels and other travel organizations said in a letter to U.S. Transportation Secretary Ray LaHood on Monday that ending the tie ups would cost jobs and weaken an industry nervous about softening demand amid recession. Continental Airlines Inc wants to join UAL Corp's United Airlines and Germany's Lufthansa AG in the Star Alliance. American Airlines, a unit of AMR Corp, and British Airways Plc would like to cement deeper ties under the Oneworld banner. The airlines also argue that the alliances provide crucial flexibility with the recession eroding transatlantic travel, the most important overseas market for many American carriers. Flights between the U.S. and Europe fell 14 percent in the year ending January 2009, according to industry figures. Much of the drop in premium paying passenger traffic, especially between New York and London, corresponds closely to the financial services industry meltdown. Fares are also falling on overseas routes. Mar 24, 2009

A US congressman is trying to launch an investigation into airline alliances to assess whether they operate in the public interest. James Oberstar, a member of the US House of Representatives and chairman of its transportation committee, is concerned that alliances which also have anti-trust immunity do no benefit the public. The 75-year-old Democrat has co-authored a clause in forthcoming aviation legislation which calls for a government study into the alliances. But his move has been opposed by lobbyists working for airlines, hotels and travel organisation. They have written a protest letter to US transport secretary Ray LaHood claiming the alliances have benefitted both airlines and the public. Mar 24, 2009

US airlines saw passenger revenue fall 19% year-over-year in February, the fourth straight month of declining revenue figures, the US Air Transport Assn. reported Friday. Mar 23, 2009

Alaska Airlines

Alaska Airlines flew 1.27 billion RPMs in February, down 10.2% year-over-year. Capacity dropped 10.5% to 1.73 billion ASMs, lifting load factor 0.2 point to 73.5%. Mar 25, 2009

Allegiant Air

Allegiant Air flew 351.2 million RPMs in February, a 6.3% increase over the year-ago month. Capacity rose 1.9% to 401.6 million ASMs and load factor climbed 3.5 points to 87.4%. Mar 25, 2009

American Airlines

American Airlines has reached a memorandum of understanding (MOU) with its pilots' union on a new Aviation Safety Action Programme (ASAP), ATI has learned. According to an internal memo circulated to members of the Allied Pilots Association (APA), the union and American's safety and flight department brokered the MOU after "a concerted effort to revive the programme began last week". The MOU provides "both the...

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