Air France/KLM reported that operating income amounted to 234 million euros against 415 million euros at 30th June 2007 (-43.6%). Income from operating activities amounted to 251 million euros versus 537 million euros for the quarter to 30th June 2007; the latter included 122 million euros in non-recurrent financial operations. After tax of 75 million
BA released that In July 2008 passenger capacity was 3.5% above July 2007, traffic fell by 3.5% compared to the same perios last year. This resulted in a passenger load factor decrease of 5.4 points versus last year, to 75.8%.
United Airlines reported its preliminary traffic results for July 2008. The company reported a July passenger load factor of 85.0%, down 2.3 pts from July 2007. Traffic decreased in July by 4.0% on a capacity decrease of 1.4% compared with the same period in 2007.
Republic Airways Holdings reported preliminary passenger traffic results for July 2008. The company reported a 12.3% traffic increase over the same month last year, while capacity increased 16.4% to 1.15 billion. The load factor was 77.4% versus 80.3% in July 2007, down 2.9pts.
American Airlines reported a July load factor of 85.8%, a decline of 2.0 pts versus the same period last year. Traffic decreased 3.5% and capacity decreased 1.2% year over year.
For July, AirTran Airways’ traffic grew by 14.1%, based on a 10.1% increase in capacity. The company’s load factor for the month was 89.2% up 3.2 pts compared to the same period in 2007.
US Airways Group reported July 2008 traffic results. Mainline traffic for the month was down 0.8% from July 2007, capacity was up 0.4% versus July 2007 and the load factor for the month of July was 85.1%, down 1.2 points versus July 2007.
TAM and Lufthansa are going to initiate their codeshare agreement on domestic and international routes on August 18. This partnership will allow the two companies to offer more choices of flights to passengers flying between Brazil and Germany, as well as for connections in the two countries.
Frontier Airlines Holdings has received a $75 million commitment in post-petition debtor-in-possession (DIP) financing from Perseus LLC, a private investment firm based in Washington, D.C. with offices in Evergreen, Colorado, New York and Munich. Perseus has also agreed to serve as equity sponsor for Frontier’s plan of reorganization, allowing Perseus to purchase 79.9% of the
ExpressJet Airlines will suspend flying under several lines of its at-risk flying operations in September 2008. ExpressJet mutually agreed to terminate its agreements with Delta Air Lines effective September 1, 2008 and will cease its branded (XE) commercial passenger flight operations on September 2, 2008. The 39 aircraft currently used in these operations will be
