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AMR (AMR)

American Airlines (NYSE:AMR), looks to widen ties with Asia by welcoming India's largest airline into its oneworld global airline alliance, according to TradingMarkets.com. Kingfisher Airlines, India's largest domestic carrier and only five-star airline, has signed a memorandum of understanding with oneworld, signaling its intention to join the alliance, subject to Indian regulatory approval, officials said Tuesday.
The MOU agreement was signed at a meeting between Kingfisher Airlines' Chairman and CEO Vijay Mallya and CEOs from oneworld's 11 member airlines. American Chairman and CEO Gerard Arpey said the addition of Kingfisher will solidify oneworld's standing as the world's premier airline alliance. If Kingfisher's regulatory application is approved, the Indian carrier could become a member of oneworld in 2011, oneworld and American executives said.

Feb 25 · 3:29:00 PM · Source: TradingMarkets.com
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by Steve Wieczorek

Atlas Air Worldwide Holdings (AAWW)

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading provider of global air cargo assets and outsourced aircraft operating services, expects fourth-quarter 2009 net income to exceed $1.10 per diluted share, or $26.5 million, exceeding the Company's previous expectations of more than $0.74 per diluted share, or $18.0 million, for the quarter. Full-year 2009 net income is expected to total more than $3.48 per diluted share, or $75.9 million, compared with previous expectations of over $3.09 per diluted share, or $67.4 million. For fiscal 2010, it expects net earnings of approximately $80.0 million, or $3.08 per diluted share. For the first quarter of 2010, it expects earnings to be consistent with the first-quarter 2009 results. The Company reported net profit of $21.16 million and earnings per share (EPS) of $1.01 for the first quarter of 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report net profit of $71.5 million and EPS of $2.79 for fiscal 2010; net profit of $12.23 million and EPS of $0.47 for the first quarter of 2010.
“Our strong earnings performance in the fourth quarter was driven by a combination of a significantly improved peak-season airfreight demand, a tight supply environment, and continued strength in military charter demand,” said William J. Flynn, President and Chief Executive Officer of AAWW. “Results for the quarter and the full year also reflected the strategic actions we have taken to transform our business, our operating cost base, and our fleet throughout 2008 and 2009.

Feb 25 · 2:54:00 PM · Source: Company Press Release
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by Steve Wieczorek

Alaska Air Group Inc. (ALK)

Alaska Air Group (NYSE:ALK) took off like a rocket last year as the economic downturn sent many airlines into a tailspin, According to Investors.com. The parent of Alaska Airlines and Horizon Air saw 2009 profits soar 1,942% to $2.45 a share from the previous year's 12 cents a share, it reported on Jan. 28. It was the sixth straight year Alaska showed a profit on an adjusted basis.
"Our profitability was driven by significant reductions in fuel costs and an aggressive reallocation of flying to new markets in our system," said Chief Financial Officer Glenn Johnson. Alaska Airlines capacity was reduced by 4.4% last year. As it reduced capacity to Mexico, it shifted capacity to new markets like Austin, Texas, and Atlanta. It also expanded service to Hawaii from Oakland, Calif., and Portland, Ore. "It's very important to have the right capacity in the right markets," said Johnson

Feb 25 · 2:28:00 PM · Source: http://www.investors.com/NewsAndAnalysis/Article.a
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by Steve Wieczorek

Southwest Airlines (LUV)

Southwest Airlines Co (NYSE:LUV) said it was open to acquisitions but added that this strategy would come secondary to growing the airline organically, said CFO Laura Wright, according to Reuters. "No question, if the right opportunity presented itself with all the right facts, we would certainly be interested," Wright said on Wednesday. But Wright quickly added that Southwest, the second-largest airline by market value, has only made acquisitions three times in its nearly 40-year history. "From where we sit, we don't see consolidation as something that's necessary for us," Wright said.
The U.S. industry has lost some $11 billion in 2009 alone, according to the International Air Transport Association. But Wright and other airline executives have said in recent months that travel demand has strengthened. Continued "capacity discipline" as well as economic recovery could pave the way for U.S. airlines to improve the profitability, or yields, on each flight, Wright said.

Feb 25 · 2:16:00 PM · Source: Reuters
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by Steve Wieczorek

United Technologies (UTX)

United Technologies sold $2.25 billion of debt in a two-part sale.
The offering included $1.25 billion of 10 year notes priced to yield 87 basis points over comparable U.S. Treasuries and $1.0 billion of 30 year bonds priced to yield 109 basis points more than U.S. Treasuries. The joint book managers on the sale were Bank of America Merrill Lynch, BNP Paribas, Citigroup, Deutsche Bank and RBS.

Feb 24 · 12:25:00 AM · Source: Reuters
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by Michael Oliveto

United Technologies (UTX)

The Office of the Architect of the Capitol (AOC) awarded an energy savings performance contract (ESPC) to NORESCO, a national leader in energy efficiency and energy infrastructure solutions, for work in the office buildings of the U.S. House of Representatives. The project includes $34 million in facility infrastructure upgrades in the Rayburn, Longworth, Cannon, and Ford House Office Buildings, and the House Page Dormitory. NORESCO is a subsidiary of Carrier Corp., which is a unit of United Technologies.
The infrastructure upgrades will pay for themselves through more than $67 million in reduced energy and water consumption costs over the project term. After completion of construction, the House Office Buildings are expected to reduce energy consumption by 23 percent and total water consumption by 32 percent.

Feb 24 · 12:23:00 AM · Source: PR News Wire
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by Michael Oliveto

United Technologies (UTX)

Sikorsky Global Helicopters, a business unit of Sikorsky Aircraft Corp., which is a subsidiary of United Technologies, is seeing a resurgence of interest in its S-300C and S-300CBi helicopters, with sales activity for the beginning of 2010 showing a 50 percent increase over the same time period in 2009.
All incoming orders so far in 2010 have been fleet orders of two to four helicopters each for flight training, patrol, agricultural and wildlife work, and other diverse operations in the United States and around the world. "In lean economic times, more operators have come to recognize S-300 series helicopters as reliable, economic solutions to their mission requirements," said David Oglesbee, director, Sikorsky Global Helicopters Light Helicopter Division. "Low operating costs and a strong safety record also have encouraged customers to add S-300 series helicopters to their fleets to grow and diversify their businesses in a soft market."

Feb 24 · 12:21:00 AM · Source: Reuters
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by Michael Oliveto

Boeing (BA)

Boeing and its customer NASA announced that the Tracking and Data Relay Satellite (TDRS) K-L program successfully completed its system-level Critical Design Review (CDR) and Production Readiness Review (PRR) in El Segundo on Feb. 19.
"This is a major step toward developing a new generation of tracking and data relay satellites that will deliver high-resolution images, video, voice and data from Earth-orbiting spacecraft to the ground for vital Earth- and space-science missions," said Craig Cooning, vice president and general manager of Boeing Space and Intelligence Systems. "The extraordinary effort by the NASA and Boeing members of the TDRS team to conduct these successful reviews is a testament to the enduring partnership between Boeing and NASA."

Feb 24 · 12:15:00 AM · Source: FinChannel
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by Michael Oliveto

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