1 November 2005

UAL reports $1.8 billion loss in thrid quarter 2005

UAL reported third-quarter operating earnings of $165 million, $245 million better than the same quarter last year, despite higher fuel prices for the mainline and regional affiliates negatively impacting fuel xpense by $405 million year-over-year. UAL reported a net loss of $1.8 billion, or a loss per basic share of $15.26, which includes $1.8 billion …

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Pinnacle Airlines posts loss due to Northwest bankcruptcy

Pinnacle Airlines Corp. reported for the third quarter 2005 an operating loss of $32.4 million and a net loss of $21.4 million. The third quarter loss is primarily due to an after tax charge of approximately $34.5 million for items related to the recent bankruptcy filings of Northwest Airlines (“Northwest”) and Mesaba Airlines (“Mesaba”). Following …

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GOL achieved net income of $59 million in thrid quarter

GOL, Brazil reported for the third quarter a net income of R$138.2 million (US$59.1million), representing a 19.8% net margin. while average passenger yields decreased 18.9% to 25.31 cents (R$) resulting in a decrease in RASK of 13.9% to 19.54 cents (R$). Net revenues totaled R$696.7 million, representing growth of 34.7%.

India's Paramount Airways signs CF34 maintenance agreement with GE

Paramount Airways of India has signed a new OnPointSM Solutions service agreement with GE Engine Services for the maintenance, overhaul and repair of CF34-8E engines powering the airline’s fleet of Embraer 170/175 aircraft. The nine-year agreement is valued at approximately $12 million. Paramount, which began operations in October, is the first airline in India to …

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