Airline Finance News - North America.

 
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New York (AirGuideBusiness - Airline Finance News North America) Jan 8, 2012

Airbus, US AIrways Airbus has delivered its 7,000th aircraft, an A321, to US Airways. Airbus delivered its first aircraft in 1974Nan A300B2 to Air France. Jan 4, 2012

Airlines Reporting Airlines Reporting Corp. Names Reitz as Chairman. The Airlines Reporting Corp. (ARC) said it has named Bonnie Reitz as chairman of its board of directors, effective Jan. 1, 2012. Reitz will succeed David Landuyt, who will assume the honorary position of chairman emeritus in recognition of his 24 years of service on the board. OOn behalf of the ARC board of directors, we are delighted to welcome Bonnie as chairman,O said Mike Premo, ARCOs president and CEO. OHer background and experience on the air carrier side of our industry, coupled with her appreciation of the value of travel agencies, uniquely qualify her for this role.O A veteran of the travel industry, Reitz began her career at Eastern Airlines in 1977. She is founder and president of InsideOut-Culture to Customer, a management consulting firm based in Saint Petersburg, Fla. She also was part of the turn-around team at Continental Airlines, where as senior vice president of marketing, sales and distribution, she focused heavily on rebuilding the airlineOs relationships with travel agencies. Reitz also held executive posts at System One. OARC is a unique and vital organization, which through its many innovations over the years, has helped airlines and travel sellers work smarter, faster, and more economically,O said Reitz. OFrom my due diligence and exposure to ARCOs executive team, itOs clear that ARC today is positioned to be an even more important contributor to the industry going forward. I am looking forward to working closely with the ARC board, Mike, and the companyOs executive team as we continue to expand and offer valuable new products and services to the travel industry and beyond.O Jan 3, 2012

Alaska Air Group Alaska Air Group Reports December and Year-End Operational Results. Alaska Air Group Inc. today reported December and year-end operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basis. Detailed information is provided below. Alaska reported a 6.2 percent increase in traffic on a 4.0 percent increase in capacity compared to December 2010. This resulted in a 1.8-point increase in load factor to a December record of 87.4 percent. Alaska also reported a record 85.4 percent of its flights arrived on time in December, compared to the 80.9 percent reported in December 2010. For the full-year 2011, Alaska reported a record load factor of 85.2 percent, carried a record 17.8 million passengers and operated a record 88.2 percent of its flights on time. Horizon reported a 17.5 percent decline in December traffic on a 17.6 percent decline in capacity compared to December 2010. This resulted in a 0.1-point increase in load factor to a December record of 78.7 percent and full-year record of 78.2 percent. Horizon also reported a record 90.2 percent of its flights arrived on time in December, compared to the 67.6 percent reported in December 2010. The significant decline in capacity and traffic for Horizon from the prior year is due primarily to the completion of Horizon's transition out of the CRJ-700 regional jet and a corresponding reduction in the size of Horizon's operating fleet from 54 aircraft at Dec. 31, 2010, to 48 aircraft at Dec. 31, 2011. This transition was completed in June 2011 . AIR GROUP (including flights operated by third parties) On a combined basis, Air Group reported a 5.5 percent increase in traffic on a 3.6 percent increase in capacity compared to December 2010. This resulted in a 1.6-point increase in load factor to 86.4 percent. These statistics include flights operated by Alaska and those under capacity purchase arrangements, including Horizon, SkyWest and a small third-party carrier in the state of Alaska . Alaska Airlines and Horizon Air, subsidiaries of Alaska Air Group, together serve 90 cities through an expansive network. Jan 5, 2012

American Airlines AMR bankruptcy could lead to outsourcing for American. Columnist Bill McGee says the bankruptcy filing of AMR Corp. could result in outsourcing maintenance work for American Airlines. "For years, American has been bucking an industry trend by continuing to perform nearly all aircraft maintenance in-house. But now all that could change," he writes. Jan 5, 2012

American Airlines American Eagle Airlines Reports December Traffic. American Eagle reported a December traffic increase of 8.8 percent year-over-year as capacity increased 9.0 percent. December load factor was 72.2 percent, a decrease of 0.2 points compared to the same period last year. American Eagle boarded more than 1.6 million passengers in December. Jan 5, 2012

American Airlines American Airlines Reports December Traffic. American Airlines reported a December load factor of 80.8 percent, an increase of 0.2 points versus the same period last year. Capacity was lower by 1.2 percent, while traffic was lower 0.9 percent year-over-year. International traffic increased 3.7 percent relative to last year as capacity increased 3.4 percent, resulting in an increase in international load factor of 0.2 points versus December of last year. Domestic load factor was 81.1 percent, an increase of 0.2 points year-over-year. Domestic capacity and traffic were lower by 4.2 and 3.9 percent year-over-year respectively. American boarded 7.0 million passengers in December. Jan 5, 2012

American Airlines DOT Delays Part of Airline Consumer Protection Rules by Two Days. At the request of American Airlines, the Department of Transportation has delayed implementing the requirement that all taxes and fees be included in advertised fares by two days, until Jan. 26. All of the other pending provisions of the airline consumer rule are scheduled to take effect Jan. 24. Other rules going into effect include giving travelers 24 hours to change their minds on non-refundable fares, unless the fares are booked within a certain time frame of departure. These are part of a package of consumer protection rules the DOT is implementing, some over the protests of airlines. Jan 4, 2012

American Airlines AMR will retain 19 planes on which it owes USD10.2M. AMR Corp., the parent company of American Airlines, announced plans to retain 19 aircraft for which the company owes USD10.2 million. AMR filed for bankruptcy in November with listed debts of nearly USD30 billion. AMR "believes that the market values of, and market leases for, many of the aircraft have changed substantially since the aircraft were originally leased or financed," the company said in a filing in U.S. Bankruptcy Court. Jan 4, 2012

American Airlines Blog: AMR cash allows breathing room in bankruptcy. Unlike in the cases of United Airlines and Delta Air Lines, AMR Corp. filed for bankruptcy with more than USD4 billion in cash, writes blogger William Swelbar. "That gives AMR and American some flexibility to run its business during the initial period of exclusivity, protect its interests and, most importantly, time to ensure that its ultimate plan of reorganization (POR) is the very best it can be," he writes. Jan 4, 2012

American Airlines AMR Common Stock to Trade on OTC Markets Under Symbol "AAMRQ" Beginning Jan. 5, 2012. AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, announced today that its common stock will begin trading under the symbol "AAMRQ" on the OTCQB marketplace, operated by OTC Markets Group, on Thursday, Jan. 5, 2012 . More information, including Real-Time Level 2 quotes, is available at otcmarkets.com. Any holders of AMR's 9% Debentures due 2016 (CUSIP 001765AC0) and its 7.875% PINES (Public Income Notes) due 2039 (CUSIP 001765866) should contact their brokers or other investment advisors regarding trading in those securities. As previously announced, the New York Stock Exchange (NYSE) has advised AMR that its common stock traded under the symbol AMR, its 9% Debentures due 2016 traded under the symbol AMR 16 and its 7.875% PINES due 2039 traded under the symbol AAR will be suspended from trading on the NYSE prior to the opening of the market on Thursday, Jan. 5, 2012 , and that the NYSE has applied to the Securities and Exchange Commission to commence delisting procedures for these securities. NYSE advised AMR that it is taking these steps because the average closing price of AMR's common stock fell below the NYSE's continued listing minimum share price standard of USD1.00 over a consecutive 30-trading-day period. Due to AMR's Chapter 11 filing, AMR did not oppose the suspension and delisting of its securities. AMR cannot predict what the ultimate value of any of its securities may be, and it remains too early to determine whether holders of any such securities will receive any distribution in the Chapter 11 reorganization. It should be noted that in most Chapter 11 cases holders of equity securities receive little or no recovery of value from their investment. As a result, AMR urges investors to exercise appropriate caution with respect to any existing or future investments in AMR's securities. Jan 4, 2012

American Airlines Bankrupt American's stock to be delisted. American Airlines (AA) parent AMR Corp. will be delisted by the New York Stock Exchange (NYSE) Jan. 5, an expected consequence of the company's Chapter 11 bankruptcy filing last November. "NYSE advised AMR that it is taking these steps because the average closing price of AMR's common stock fell below the NYSE's continued listing minimum share price standard of USD1 over a consecutive 30-trading-day period," AA said in a statement. AMR stock, which performed poorly and erratically last year, was trading at just 31 cents per share Tuesday afternoon. "Due to the company's Chapter 11 filing, AMR is not able to affirm an intent to cure the aforementioned...

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