Analysts Worried about XJT Bankruptcy
Analysts attending the Merrill Lynch Global Transportation Conference questioned Continental CEO Larry Kellner about contingency plans for replacing the capacity flown by ExpressJet (XJT) in the event it went bankrupt. Kellner responded that XJT was one of the best operating companies in the business and... [read more]
Pinnacle Ups Borrowing
Pinnacle Airlines Corp increased the amount it could borrow as part of an amendment to a Term Loan Agreement between...
SkyWest Closer to Foreign Investment
SkyWest Inc is closer to cutting an agreement with an unnamed foreign regional airline, according to Chair and CEO Jerry Atkin, speaking before the Merrill Lynch Global Transportation conference. Related Story He reiterated the airline is anticipating investing 10 percent of its capacity – or no...
Anderson Pledges Continuation of MEM Hub
Speaking before Memphis business leaders, Delta CEO Richard Anderson pledged that Memphis would continue as an important part of the Delta/Northwest network after the merger. The reassurance came after Delta announced the termination of Pinnacle’s 10-year capacity purchase agreement. Related...
DL Outlines RJ Future, CO Open to Re-regulation
Every CEO addressing the Merrill Lynch Global Transportation Conference predicted more capacity cuts beyond those already announced. Delta said that it would probably impose more cuts on its Delta Connection carriers beyond the 70 aircraft already announced as superfluous. Delta President and CFO Ed Bastion...
SkyWest, ASA Top Financial Performers
The top three operating profits for the first quarter, according to statistics released last week by the Bureau of Transportation Statistics, were reported by regional carriers Atlantic Southeast Airlines (ASA) and SkyWest Airlines and low-cost carrier Allegiant Airlines. ASA, American Eagle Airlines and...
RAA Supports Legislation Blocking Congestion Pricing
In response to the introduction of legislation by Senator Charles Schumer (D-NY) – Access to Air Travel Act – which would block DOT’s controversial congestion pricing proposals for New York area airports, Regional Airline Association President Roger Cohen commended Senator Schumer for his...
FAA Lifts Chicago Caps
Keeping with the scheduled expiration of the caps at O’Hare this fall, Federal Aviation Administration (FAA) is eliminating flight caps at Chicago’s O’Hare International Airport. The move came in the wake of an airline request from United, American, Delta Air Lines, Northwest Airlines, US...
RAA Opposes Visit US Rule
Speaking at a hearing on the Department of Homeland Security (DHS) proposal requiring airlines to collect the biometric data of foreign nationals leaving the US, Regional Airline Association President Roger Cohen blasted the scheme charging “DHS makes it clear it is simply checking a box to meet a...
Airlines May Falter Under Fuel Load
At current oil prices, several large and small U.S. airlines will default on their obligations to creditors beginning at the end of 2008 and early 2009, according to a study by AirlineForecasts, LLC and the Business Travel Coalition, who said “stabilizing this ailing industry must become a national...
Pax Dissatisfaction Growing
Deteriorating levels of customer service provided by airline staff – rather than high fares and additional charges for amenities – have led to a significant decline in customer satisfaction with airline carriers, according to the J.D. Power and Associates 2008 North America Airline Satisfaction...
Quick Takes – Embraer, Great Lakes, Skyway/NW, Horizon, Luxair/BBD
TRIP Takes ERJ 175 TRIP Linhas Aereas ordered five Embraer 175 jets in a $167.5 million deal that includes options for 10 more and purchase rights for another 15. Should the Brazilian carrier exercise all options and purchase rights, the order would be worth over $1 billion. TRIP's ERJ 175 jets will be...
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