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
UAL Corporation reported that all the classes of creditors voting on its Plan of Reorganization have accepted the Plan.
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.
Independence Air will voluntarily discontinue all scheduled flights planned to depart after January 5th, 2006. Independence Air Chairman and CEO Kerry Skeen said,
Avio Holding reported an EBITDA for the nine months ended September 30, 2005 of
Continental Airlines has reached agreement with the IAM covering the company’s flight attendants. Details of the agreement were not released. Results of the ratification process are expected in January 2006. The agreement between Continental Airlines and the IAM, along with previously announced pay and benefit reductions for other work groups, concludes the negotiation process with
Virgin America secured $177 million in commited funding for its start-up and submitted its application for certification with the DOT. Virgin America selected San Francisco as its headquarter and main operations base.
US Airways Group, Inc. has reached a transition agreement with the two unions that represent the airline’s passenger service employees. The Communications Workers of America (CWA), which represents US Airways’ passenger service employees, and the International Brotherhood of Teamsters (IBT), which represents America West’s passenger service employees, recently formed an alliance designed to represent the
Thai Airways International Public Company Limited announced its financial results for the fiscal year ending September 2005, reporting a net profit of 6,777 million baht. Mr. Somchainuk Engtrakul, Member of the Board of Directors Acting as President, Thai Airways International Public Company Limited, announced that THAI
Within a month of its successful listing on the ASX, Regional Express Holdings Limited (Rex), announced the acquisition of the Dubbo based regional / commuter airline Air Link. Under the agreement, all Air Link shares will be transferred to Rex for 100% ownership of the Company
