The Travel Business Roundtable, comprising chief executives of major travel companies, will wage an integrated communications campaign to support the Travel and Tourism Partnership Act, said Jonathan Tisch, chairman of the roundtable and president of Loews Hotels.
LTU International Airways will resume weekly seasonal service to New York Kennedy and San Francisco from Dusseldorf between May and October. Kennedy flights begin May 3 and San Francisco service starts May 15. Tickets purchased by March 7 start at $598 for fall travel and $798 for summer travel.
U.S. Major and National Carriers Interest Expenses Third Quarter 1995 % Of Total Operating Systemwide Expenses America West $ 14,003,491 3.91 American 131,784,000 3.64 Continental 44,750,000 3.81 Delta 68,863,000 2.38
U.S. Major and National Carriers Landing Fee Expenses Third Quarter 1995 Average Amount Systemwide Spent Per Landing America West $ 7,984,393 $ 158.27 American 63,116,000 303.04 Continental 22,982,000 200.56 Delta 68,850,000 288.88 Federal Express 18,344,000 250.05
Dutch Minister of Economic Affairs Hans Wijers announced Friday an emergency credit package of 255 million guilders ($160 million) for ailing aircraft manufacturer Fokker. The government also will accept quick delivery of four aircraft, for which it will pay 110 million guilders ($69 million). The two actions give Fokker enough money to continue production for five or six weeks. The company has 75 aircraft orders for this year and in 1997.
Mesaba Holdings Inc., which operates Northwest regional partner Mesaba Airlines, posted a $1.6 million net profit for the December quarter, or 13 cents per share. That compares with a loss of $126,000 in the same 1994 quarter, or one cent per share. Results from the previous quarter include the selloff of AirTran Airways to company shareholders in September 1995. Operating revenue for the December quarter, which is Mesaba's third, was $37.5 million, a 5% increase from the December quarter last year. For the nine months ended Dec.
Taiwan and Hong Kong moved last week toward a fourth extension of their expired aviation agreement as opposition from China continued to prevent Hong Kong from signing the agreement negotiated last year. A spokesman for Taiwan's Civil Aeronautics Administration said the continued delay means the agreement will not be signed before Taiwan's presidential election in mid-March. The agreement was reached last November by CAA and Cathay Pacific Airways, representing Hong Kong, and was to have been signed by the end of 1995.
Continental Chairman Gordon Bethune phoned in a taped message to employees Jan. 19 saying he knew the weather was frustrating everyone, but they had to keep working together. Before the exhortation, Bethune noted that he was calling from Costa Rica, where he was spending the weekend.
The Air Line Pilots Association, not unfamiliar with staging work actions, is threatened by a strike from its own ranks. A unit of the Union of ALPA Professional and Administrative Employees has sent out strike ballots to be returned by Jan. 31. The unit represents 134 administrative employees stationed around the country. In a memo to UALPAPAE members, the union said, "The strike ballot signals to ALPA that we want management to engage in serious and meaningful negotiations, and that we will not tolerate further delays." The members' contract expires Feb. 7.
McDonnell Douglas's board voted to increase the quarterly dividend by 20% and recommend approval for a two-for-one stock split at the annual shareholders meeting April 26. Harry Stonecipher, president, said that for three years, "McDonnell Douglas has led its competitors in the aerospace industry in total return to shareholders. These actions are a continuation of our commitment to increase shareholder value." The board declared a dividend of 24 cents a share payable April 1 to holders of record March 1, an increase of four cents.
Extended the obligation of Flagship Airlines, operating as American Eagle, to serve Tuscaloosa, Ala., through March 4 or until replacement service begins, whichever occurs first.
TWA will co-sponsor celebration of the 150th anniversary of the Smithsonian Institution, which will offer the public a traveling exhibit in 1996 and 1997 featuring many objects that have never left the museum and other research facilities. TWA is shipping some of the exhibit to Los Angeles, the first city on the tour. Among the artifacts are the $25,000 check paid to Charles Lindbergh for his solo transatlantic flight, lunar maps carried aboard Apollo 11 and a Wright Brothers' biplane. Lindbergh pioneered TWA's original transcontinental route.
America West hired Bernard Han to be VP of financial planning and analysis. He has worked for five years for Northwest in financial management positions, most recently as director of corporate finance. He also worked at American for three years in financial planning and analysis, and for two years with Hughes Aircraft Co. in the space and communications group.
Zoltek Companies plans to increase its carbon fiber production capacity by more than 30 million pounds within five to seven years, implying ample supplies for aircraft manufacturers. "This capacity increase exceeds the entire current world capacity of carbon fiber," the St. Louis-based company says.
Textron reported revenues in the fourth quarter of 1995 increased 12% over the 1994 quarter, to $2.7 billion, and net income rose to $127 million from $112 million. For the full year 1995, revenues were up 3% to $10 billion while net income rose to $479 million from $433 million. Operating margin increased to 11.1% for the year, up from 10.7%. The company said the results set revenue and net income records.
-- Superseded two ADs on Boeing, McDonnell Douglas, Lockheed, Fokker and British Aerospace aircraft equipped with certain Honeywell windshear detection systems concerning delays in detecting windshear. -- Proposed an AD on British Aerospace HS 748 series aircraft concerning flight in freezing rain or drizzle. -- Proposed an AD on Jetstream 4101 aircraft concerning flights in freezing rain or drizzle. -- Proposed an AD on Jetstream ATP aircraft concerning flights in freezing rain or drizzle.
Subscribers to the Worldspan computer reservations system can sell electronic tickets on Northwest for travel beginning Feb. 1 in selected markets. Northwest is starting ticketless service between Minneapolis/St. Paul and Chicago and will expand it to its entire domestic system by yearend. A new feature on Worldspan for Northwest tickets is a validation that electronic ticket coupons have been "printed."
Following are summaries of financial results reported last Thursday by Delta and Southwest (DAILY, Jan. 26). The fourth quarter of 1995 was the second in Delta's 1995-96 fiscal year. Delta 4th Qtr 95 4th Qtr 94 12 Mths 95 12 Mths 94 OpRev $2,944,000,000 $2,919,000,000 $12,251,000,000 $12,062,000,000 OpExp 2,775,000,000 2,901,000,000 11,207,000,000 12,279,000,000 OpProf- 169,000,000 18,000,000 1,044,000,000 (217,000,000)
Airclaims of London estimates that airline hull and liability losses in 1995 totaled about $1.3 billion, down from $2.2 billion the year before. Airclaims says 18 Western-built jetliners were total losses in 1995, versus 22 in 1994. The average number of losses during the 1980s was 21 per year.
Apollo Travel Services has added 12 third-party products and services to its Apollo Partners program. They are from Aerotech Systems, Automation Inc., Double Eagle Software, Trondent Development Corp. and Videcom.
