American Eagle pilots reached an agreement with management in late July that guarantees an opportunity to work for American Airlines as AMR prepares to divest itself of its regional airline holdings. Under the settlement, Eagle pilots will occupy at least 35 percent of every American Airlines new-hire class, and that percentage will increase to offset any potential periods of retraction.
Most major U.S. airlines stayed profitable in the second quarter despite dramatically higher fuel costs. Delta, United Continental, US Airways, Alaska Airlines and JetBlue all reported quarterly profit in earnings releases late last month. An exception was American Airlines, which reported a net loss of $286 million blamed in large part on fuel prices. The story sounded similar across the Atlantic.
In an effort to halt $14 million in annual losses, Delta Air Lines plans to “adjust” flying in 24 markets in concert with the retirement of its Saab 340 turboprop fleet.
Paris Air Show organizers promised a feel-good factor from this year’s event, staged at Le Bourget Airport from June 20 to 26, and clearly they were in the know as to the deluge of new business coming their way. Airline bosses pitched up in the French capital with seemingly open checkbooks to order well over $100 billion worth of new aircraft and engines.
Airline passenger traffic continues its climb out from recessionary lows, but faces headwinds caused by spiraling fuel prices.
The management and pilots of American Eagle are “aggressively” preparing for an eventual divestiture of the regional airline from AMR, Eagle’s Air Line Pilots Association master executive council vice chairman, Dave Ryter, told AIN in late March.
Japan Airlines exited bankruptcy today, after the Tokyo District Court found that JAL had repaid more than two thirds of the monetary claims listed in a reorganization plan.
Chuck McKinnon is this year’s recipient of the NBAA John P. “Jack” Doswell award, granted for lifelong individual achievement in supporting business aviation. At age 95 and newly remarried to Jan Barden of Aviation Personnel International, McKinnon looks back to a long lifetime of involvement with aviation. “I’ve been interested in aviation since I knew there was such a thing,” he told AIN.
Trinidad and Tobago’s Caribbean Airlines signed a firm order in late September covering nine ATR 72-600s worth some $200 million at list prices. To come configured in a 68-seat layout starting in late 2011, the airplanes will replace five de Havilland Dash 8-300s and allow Caribbean Airlines to add frequencies between Trinidad and Tobago and surrounding destinations.
UAL Corp.'s United Airlines and Continental Airlines expect their proposed merger to close by October 1, now that companies have cleared the last major hurdle in their bid to create the world's largest airline. On Friday shareholders from both companies approved the transaction by a wide margin, as more than 98 percent of the votes cast by each group went in favor of the merger.