Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported 2010 net income of $251.1 million, its highest single-year profit ever and more than double the $121.6 million earned in 2009.
American Airlines and Sabre Travel Network called a truce, putting their litigation on hold until June 1. The companies said they will “begin work shortly in an effort to reach a new agreement.” In addition, they will “return to operating as they were prior to Jan. 5.” On Jan. 5, Sabre began biasing American’s displays in the U.S. and most of the rest of the world (it was prohibited from doing so in Canada and the European Union).
News from Travel Technology Update: American Airlines and Sabre Travel Network called a truce, putting their litigation on hold until June 1. The companies said they will “begin work shortly in an effort to reach a new agreement.” In addition, they will “return to operating as they were prior to Jan. 5.” On Jan. 5, Sabre began biasing American’s displays in the U.S. and most of the rest of the world (it was prohibited from doing so in Canada and the European Union).
Financially beleaguered Adria Airways said it successfully concluded negotiations to acquire much-needed liquidity ( ATW Daily News, Jan. 11). According to a statement from the state-owned airline, "the funds represent the basis for a serious and fundamental restructuring of the company." Adria acquired the cash injection by selling ordinary shares in Adria Airways Tehnika to PDP. It is expected that a similar agreement will soon follow with Aerodrom Ljubljana.
Airbus announced that GE Capital Aviation Services ordered 12 additional long-range A330-300 aircraft. GECAS said the new commitment brings the total number of A330s ordered by GECAS to 32.
Air France on Monday “acknowledged” 35 recommendations to improve flight safety outlined by the Independent Safety Review Team launched in the aftermath of the 2009 Airbus A330-200 crash in the Atlantic Ocean that killed 228, and said most of them will be “rapidly implemented.”
Includes: World Airline Traffic World Airport Traffic IATA Fuel Prices Aircraft Data Aircraft Values Aircraft Deliveries US Major and National Airline Traffic US Ontime Performance U.S. Fuel Cost and Consumption US Mishandled Baggage US Consumer Complaints
Copa Airlines will in June begin four-times-weekly service from Panama City to Toronto Pearson, Porto Alegre in Brazil and Nassau, at the same time increasing daily frequencies to "several countries" in its route network from its Panama hub. "Copa Airlines continues to expand its coverage and reaffirm its leadership in Latin America and the Caribbean," Copa CEO Pedro Heilbron said. "Copa offers flights to more international destinations than any other airline from any other hub in the region."
International Lease Finance Corp. in the fourth quarter 2010 entered into 56 aircraft leases, bringing the year's total to 259 lease commitments. The lessor placed 29 Airbus aircraft (15 A319s, six A320s, four A321s, three A330s and one A340) and 35 Boeing aircraft (25 737s, two 757s, one 767, one 777 and six 787s) with 26 customers in 18 countries during the quarter.
Low-cost carriers are eating Qantas’s lunch, taking 19.5% of the international traffic into and out of Australia and—for the first time—equaling the national airline’s market share.
British Airways' and Iberia's stock stopped trading Friday as the BA-IB merger officially took effect, to be replaced in both the London and Madrid markets by International Airlines Consolidated Group stock on Monday.
Mesa Air Group's restructuring plan was approved by a US bankruptcy court in New York last week, and the regional airline company said it will exit Chapter 11 protection next month.
ANA outlined its fleet plan for its fiscal year starting April 1, noting that the delayed delivery of the Boeing 787 is forcing it to place additional 767-300ERs on international routes and 737-800s on domestic routes. For the year, it is slated to take delivery of four 767-300ERs while retiring one 767-300 that had been used for domestic flying; take delivery of two 737-800s while retiring four Airbus A320-200s and two 737-500s; and receive three Bombardier Q400s while retiring two Q300s.
American Airlines and United Airlines this week filed a lawsuit in Illinois to stop the City of Chicago from moving forward with the second phase of Chicago O'Hare expansion, arguing that the city government failed to get clearance from the carriers before approving $3.4 billion in modernization projects at the busy airport.
