By Michael Garko, In Airline News Russia’s second largest airline, Transaero Airlines, has agreed to purchase four Airbus A380 superjumbo jets worth $1.5 billion at list prices. It is the first A380 to be sold to a Russian carrier. About these ads
Posted in October 2011 …
Delta turns third quarter profit
By Michael Garko, In Airline News Thanks to higher fares and capacity cuts, Delta Air Lines was able to record a $549 million profit for the third quarter.
Allegiant records 35th consecutive profitable quarter
By Michael Garko, In Airline News Leisure carrier Allegiant Air was able to record a $9.5 million proft for the third quarter. That number is down 27.9% from 13.8 million in the same quarter last year thanks to higher fuel costs.
American posts $162 million loss in Q3
By Michael Garko, In Airline News The turbulent situation at American Airlines does not appear to be getting any better after the parent company of the airline reported a $162 million loss in the third quarter.
JetBlue announces CFO change
By Michael Garko, In Airline News JetBlue Airways Chief Financial Officer Ed Barnes has resigned after three years in that position. Barnes served as Vice President, Cost Management and Financial Analysis from 2006 through 2008.
Air France CEO Gourgeon resigns
By Michael Garko, In Airline News Reports surfaced early Monday morning that the Air France board was holding an unscheduled meeting to possibly oust chief executive Pierre-Henri Gourgeon. A Reuters report later said the speculation had come true. Gourgeon took over as CEO in January 2009, and was contracted with Air France until 2013.
Japan Airlines to increase Fairbanks service
By Michael Garko, In Airline News The Fairbanks Daily News-Miner is reporting that Japan Airlines will be doubling its winter flight schedule to Fairbanks in 2011, to 18 flights. Flights will arrive from Osaka, Tokyo, Nagoya, Hiroshima and Fukuoka.
Porter Airlines to fly Canada skiers with Vermont route
By Michael Garko, In Airline News Canada’s Porter Airlines will be adding twice weekly seasonal service from Billy Bishop Toronto City Airport to Burlington International beginning December 15. The flights will operate on Thursdays and Sundays (Mondays on long weekends) through April 8. Porter will operate 70-seat Bombardier Dash 8 Q-400 aircraft on the route.
High number of retirements causing American to reduce flights
By Michael Garko, In Airline News American Airlines will be further trimming its capacity in the fourth quarter of 2011 due to a wave of pilot retirements. As part of that plan, American will also be retiring up to 11 of its 124 Boeing 757 aircraft.
