AMR Corp. , the parent company of American Airlines, Inc., announced the pricing of a public offering of 13 million newly issued shares of its common stock at a price to the public of $17.25 per share. AMR has granted the underwriter of the offering a 30-day option to purchase up to an additional 1.95
The U.S. Bankruptcy Court for the Southern District of New York has granted the airline
Australia’s Virgin Blue Holdings Limited reports for the 12 months ended 30 September 2005 $105.2 million Net Profit after Tax. Revenues increased by 14.5% to $1,756.
Mesa Air Group, Inc. announced 4th quarter after tax earnings of $15.0 million on operating revenues of $309.1 million. Total operating revenues for the fourth quarter of 2005 increased $49.1 million, or 18.9%. Net income for the 4th quarter was $15.0 million, compared to net income of $10.7 million for the same period of fiscal
Boeing reached tentative agreement with the Society of Professional Engineering Employees in Aerospace (SPEEA) on a new three-year contract offer covering nearly 18,000 engineering and technical employees in Washington and Oregon. SPEEA is recommending employees ratify the contract.
In the third quarter, Iberia posted net earnings of 372.5 million euros, which was 285 million euros more than the 87.5 million recorded in the same quarter last year.Operating profits came to 393.6 million euros, representing a 257% increase from same-2004. In the first nine months of the year Iberia posted consolidated net earnings of
Dubai-based Emirates announced net profits went up 7% to 922 million (US$251 million) for the first six months of the financial year 2005-06, from 1st April to 30th September. Emirates
The bmi group announced a restructuring of its engineering functions in a move that will create three fleet-specific engineering and maintenance bases to serve the three operating units within the group. From March 2006, bmi will consolidate all of its Airbus aircraft fleet maintenance and engineering at the airline’s main operating base at Heathrow. At
The Pemco Aviation Group recorded a $3.8 million third quarter loss and an operating loss of $5.7 million for the third quarter 2005.
Delta Air Lines has reached agreement with its Flight Superintendents, represented by the Professional Airline Flight Control Association (PAFCA). The PAFCA agreement, ratified by its 171 members y, includes a 9-10% wage reduction and benefits changes similar to those being implemented across Delta
