Continental Airlines yesterday reported a third-quarter net loss of US$236 million, reversed from a US$241 million profit a year earlier. The carrier also announced that it has pushed back delivery of 18 aircraft scheduled to arrive over the next two years. CO’s third-quarter revenue increased 8.8 per cent year-over-year to US$4.2 billion while expenses jumped 21.7 per cent to US$4.3 billion including a 67.7 per cent leap in fuel costs to US$1.5 billion, producing an operating loss of … [Read more...] about Americas : Continental slides into the red, defers deliveries
Air & Cargo Services
Americas : Extraordinary gains save American
Juxtaposed against loses at its US counterparts, American Airlines posted a third-quarter profit of US$45 million thanks to extraordinary gains that held back the flood of red ink. The Fort Worth, Texas-based airline’s income was buoyed by a US$432 million gain from the sale of its wholly owned investment advisory services company, American Beacon Advisors. The airline also took US$27 million in severance and other charges tied to capacity reductions that took effect this … [Read more...] about Americas : Extraordinary gains save American
Americas : United posts huge 3Q loss on fuel and slowdown
Stung by nearly US$1 billion in higher jet fuel costs, United Airlines’ parent UAL has reported a third-quarter net loss of US$779 million. The airline said the loss was due to high fuel prices during the quarter and accounting charges related to markdowns in the value of some fuel hedging contracts after oil prices fell sharply by the end of the period. Those non-cash charges were US$519 million. Its net loss compared with a profit of US$334 million, in the third quarter last year. … [Read more...] about Americas : United posts huge 3Q loss on fuel and slowdown
Americas : 6 US carriers gain access to Russia
Six US carriers have received tentative approval from the US Transportation Department (DOT) to begin offering third country, code-share service to Russia. Russia and the US reached an agreement earlier this year to resume thirdcountry code-share services allowing for six code-share routings by passenger carriers. Th e agreement allows the airlines to operate the services with airlines in the UK, Belgium, the Netherlands, France, Finland, Switzerland, Hungary, Italy, Denmark, Norway, Sweden, … [Read more...] about Americas : 6 US carriers gain access to Russia
Americas : End of an era for a 40-year old DC-6
Northern Air Cargo has retired its last 1950s-era DC-6 airplane with employees gathering on the east ramp at Ted Stevens Anchorage International Airport on 30 September to greet the last cargo flight of a Douglas DC-6 aircraft for the all cargo airline. “It is a really sad day and an historic one for this company because we have been flying these for over 40 years,” said Wallace Niles, NAC director of flight operations. One of the things that distinguished the DC-6 from other … [Read more...] about Americas : End of an era for a 40-year old DC-6
Americas : American makes dramatic B787 order
Defying the global economic slowdown and resultant airline industry malaise, not to mention labour turmoil and delayed 787 production at Boeing’s key Everett production facility, American Airlines has signed a massive B787 purchase agreement, encompassing up to 100 aircraft. Analysts say the fact that American is willing to commit to a widebody investment of this scale is a sign of the carrier’s confi dence in its business plan. The move appears part of the carrier’s … [Read more...] about Americas : American makes dramatic B787 order
