Northwest looses $129 million in November
Northwest Airlines reported a net loss of $129 million and an operating loss of $64 million for November 2005.
Northwest looses $129 million in November Read More »
2 January 2006
Independence Air to discontinue operations
Independence Air will voluntarily discontinue all scheduled flights planned to depart after January 5th, 2006. Independence Air Chairman and CEO Kerry Skeen said,
Independence Air to discontinue operations Read More »
Lufthansa to hire 2,400 new employees in 2006
Lufthansa will recruit 2,400 new employees in 2006. Most of the growth will occur in operational areas, with the company requiring 1,420 flight attendants and 220 ground staff to provide passenger handling services at its Frankfurt and Munich hubs.
Lufthansa to hire 2,400 new employees in 2006 Read More »
IATA member November traffic up 2.8%
The International Air Transport Association (IATA) announced traffic results to the end of November 2005. Freight traffic for November showed 2.8% growth over 2004, while passenger traffic grew at 6.1%. For the first 11 months of the year, freight recorded 2.8% growth while passenger traffic was up 7.7%. Passenger load factors for November were 73%.
IATA member November traffic up 2.8% Read More »
Euopean Airlines reported 8.6% traffic increase
The Association of European Airlines reported a traffic growth of 8.6% in November 2005 while capacity increased by 4.8%; resulting in a load factor of 73.7%. Continued high growth of 13.6% was reported for the Far Eastern market, an above-average increase of 9.5% in cross-border Europe, and 4.1% for the North Atlantic market.
Euopean Airlines reported 8.6% traffic increase Read More »
Icelandair traffic increased
Icelandair carried 94.322 passengers in November, an increase of 15,3% from November 2004. The capacity (ASK) in November increased by 3,2% compared to the same month last year and sales (RPK) increased by 14,7%, resulting in passenger load factor of 74,6%, up by 7,4 percentage points from last year.
Icelandair traffic increased Read More »
Atlas Air Traffic declines by 8.8% in November
Atlas Air Worldwide Holdings, Inc. reported preliminary system statistics and traffic results for November 2005 and for the 11-month period ended November 30, 2005. Total block-hour activity during November decreased 8.8% compared with the same month in 2004, while the average number of aircraft operated remained constant. Block hours operated in the ACMI segment decreased
Atlas Air Traffic declines by 8.8% in November Read More »
World Airways pilot union rejects final offer
World Airways said that the National Mediation Board (NMB) has released the company and its pilots, represented by the International Brotherhood of Teamsters (IBT), from the mediation process that began in January 2004. The NMB issued notice of the release Dec. 28, 2005, initiating a 30-day cooling-off period before either party can engage in self-help.
World Airways pilot union rejects final offer Read More »
Creditors approve UAL restructuring plan
UAL Corporation reported that all the classes of creditors voting on its Plan of Reorganization have accepted the Plan.
Creditors approve UAL restructuring plan Read More »
U.S. domestic airline industry generated losses in third quarter
The BTS reported for the third quarter 2005, that the domestic U.S. passenger airline industry operating margin, represented by 21 selected carriers, declined from a 0.4% profit margin in the second quarter of 2005 to a 2.0% loss margin in the third quarter. The seven largest regional airlines and the seven largest low-cost carriers each
U.S. domestic airline industry generated losses in third quarter Read More »