ACE Aviation Holdings reports third quarter operating income of $320 million and net income of $270 million
ACE Aviation Holdings Inc., Air Canada
Lufthansa Technik to supply cockpit systems for Airbus freighter
Lufthansa Technik will continue to provide engineering services for cockpit systems to be installed in FedEx cargo aircraft conversions during the next three years. The American company has the world’s biggest fleet of cargo aircraft and the work will be undertaken by EADS Elbe Flugzeugwerke of Dresden. After delivery of its 100th Airbus, an agreement
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AirTran Airways Reports Record October 2005 Traffic
AirTran Airways reported record traffic for the month of October 2005. Revenue passenger miles, available seat miles, load factor and enplaned passengers all represent records for the month of October. AirTran Airways’ traffic, measured by revenue passenger miles (RPMs), grew by 35.2%, to more than 968 million RPMs, on an increase of 25.4% in capacity,
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Southwest Airlines flew 5.1 billion revenue passenger miles in October
Southwest Airlines Co. announced that the Company flew 5.1 billion revenue passenger miles (RPMs) in October 2005, compared to 4.5 billion RPMs flown in October 2004. Available seat miles (ASMs) increased 8.2 percent to 7.3 billion from the October 2004 level of 6.8 billion. The load factor for the month was 70.4 percent, compared to
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IATA e-freight to take the paper out of Air Cargo by 2010
The International Air Transport Association (IATA) kick-started IATA e-freight, the cargo component of the association
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Air Canada will re-engage Boeing for 777 and 787 purchase
Air Canada announced that it will re-engage Boeing to conclude an agreement on the acquisition of Boeing 777 and 787 aircraft. The airline received a binding arbitration decision resolving the matter of pilot costs and other issues relating to the airline’s acquisition the new aircrafts. The airline canceled in June 2005 an order of up
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CIT places $400 million order for IAE's V250
CIT Group Inc has selected the IAE V2500 to power up to 24 Airbus A320 family aircraft. The order is made up of 12 firm and 12 options and, if all the options are realized, the deal will be worth more than $400 million. CIT already has 33 V2500-powered aircraft in service with a further
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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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Continental starts non-stop flights to India
Continental Airlines launch daily nonstop flights between Newark Liberty International Airport and Delhi’s Indira Gandhi International Airport.
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ANA reports record profit
ANA Group reported its consolidated first half financial results for the six month period ended September 30, 2005. The Group reported revenue of
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