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Gol Linhas Aereas Inteligentes S.a. (GOL)

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL), Brazil, the largest low-cost and low-fare airline in Latin America, announced today the conclusion of the expansion work on its Aircraft Maintenance Center, in Confins (Minas Gerais), where the company carries out heavy airframe maintenance.
Between January and December 2009, Gol had 41.37% of the domestic and 13.40% of the international market share in terms of passengers/km in Brazil. The airline was established in 2000 and started operations on January 15, 2001.

Mar 22 · 10:03:00 AM · Source: Company Press Release
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by Steve Wieczorek

Delta Air Lines (DAL)

Delta Air Lines (NYSE:DAL) will expand its service out of O'Hare International Airport starting June 10, offering 11 daily flights to New York's LaGuardia Airport, according to Chicago Breaking Business News. The service on Delta's business shuttle will replace existing, less-frequent flights between LaGuardia and Chicago's Midway Airport. Delta is stepping up the competition on a key business route, as United and other airlines pare capacity to New York.
Flights on this route will be operated with Embraer 175 regional jets, equipped with 12 first-class seats and 64 in economy class. Both cabins are configured with no middle seats. As reported in MarketBeast previously, Delta, along with many of its rival legacy carriers continue to look at ways to become profitable. Here we see Delta looking to its regional partners to reduce operational and overhead costs. One of the important things to look for is how closely Delta will monitor and manage its regional partners, safety being its biggest concern.

Mar 22 · 9:36:00 AM · Source: Chicago Breaking Business News
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by Steve Wieczorek

China Eastern Airlines (CEA)

The merger of China Eastern Airlines (NYSE:CEA) and Shanghai Airlines will save 680 million yuan of investment for the new China Eastern this year, noted Ma Xulun, general manager of China Eastern, according to iStockAnalyst.
Ma said that the two airlines' business restructuring is progressing. So far the marketing, IT, and ground service businesses have been basically completed. The restructuring program for the cargo and logistics business is still being formulated. The airline industry worldwide, continues to redesign itself in hopes of creating a more profitable and more efficient transportation industry.

Mar 22 · 9:22:00 AM · Source: iStockAnalyst
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by Steve Wieczorek

AMR (AMR)

American Airlines (NYSE:AMR) took the biggest dive of the day. The US Federal Aviation Administration (FAA) proposed over $1 million in fines against the carrier, for alleged safety violations, according to the Centre for Asia Pacific Aviation. The proposed fines cover four separate instances where the FAA alleges that American was negligent in either maintaining aircraft or following proper maintenance procedures.
The fines come only weeks after the FAA commented that it was considering a record high $20 million in penalties against American. American Airlines stated it is reviewing the fines and will meet with the FAA to discuss the situation.

Mar 22 · 8:56:00 AM · Source: Centre for Asia Pacific Aviation
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by Steve Wieczorek

Delta Air Lines (DAL)

All the legacy carriers reduced their work forces in January except for Delta Air Lines Inc. (NYSE:DAL), which for the first month reported combined numbers with Northwest Airlines, which Delta bought in 2008, according to Fox Business. AMR Corp.'s (NYSE:AMR) American Airlines and Continental Airlines Inc. (NYSE:CAL) tied for the biggest network-carrier decline, at a 4.7% drop in employment. Even including Delta's 67% increase in work rolls, legacy carriers' overall employment was down 2.3%.
Discount carriers increased their work force 1.4% in January from a year earlier. Market leader Southwest Airlines Co. (NYSE:LUV) had 2.1% fewer employees, but it was the only low-cost carrier to shrink its pool of workers. Smaller rivals Frontier Airlines Holdings Inc. (FRNTQ) and Virgin America, partly owned by the U.K.'s Virgin Group, posted 16% and 14% increases.

Mar 17 · 12:43:00 PM · Source: Fox Business
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by Steve Wieczorek

Southwest Airlines (LUV)

Southwest Airlines (NYSE:LUV) the star performer in improving its unit revenues in recent months, continued to trump JetBlue, Continental Airlines and US Airways in this metric in Feb-2010, and was joined by United Airlines in reporting double-digit PRASM (Passenger Revenue per Available Seat Mile) in the month, according to the Centre for Asia Pacific Aviation. Encouragingly, all the US carriers reporting monthly unit revenue figures registered growth in the month, with AirTran and Allegiant, which do not provide such updates, separately commenting of "improved" conditions in the market.
The lucrative business market, while recovering, is yet to return to pre-crisis levels, maintaining the pressure on the profitability and revenue outlook. The unit revenue figures were also inflated in the month, due to weather-related cancellations, which resulted in significant cancellations (and capacity reductions) across the US domestic network.

Mar 17 · 12:09:00 PM · Source: Centre for Asia Pacific Aviation
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by Steve Wieczorek

China Eastern Airlines (CEA)

China Eastern Airlines (NYSE:CEA) received its parent’s stake in a cargo venture with Singapore Airlines as part of a plan to consolidate the carrier’s air-freight operations, according to China Economic Review. Chairman Liu Shaoyong said China Eastern has already taken over management of Great Wall Airlines. Great Wall Air is 51% owned by China Eastern Air, 25% by Singapore Air’s cargo unit and 24% by Temasek, the Singapore state-owned investment company.
BusinessWeek reports the carrier has begun to reorganize operations after buying Shanghai Air to boost its market share in its home city. China Eastern also faces increasing competition in the freight market from a planned Air China-Cathay Pacific venture.

Mar 17 · 11:53:00 AM · Source: China Economic Review
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by Steve Wieczorek

Continental Airlines (CAL)

Continental Airlines (NYSE:CAL) said Monday it will charge for meals on many of its U.S., Canada and Latin American routes starting in fall, according to MarketWatch. However, the airline will continue to offer complimentary food in economy class on all intercontinental flights and domestic routes over six hours.
The airline is continuing to invest in services and amenities that customers value. For instance, Continental is deploying DIRECTV live television service and new flat-bed BusinessFirst seats. GoGo inflight internet service will make its debut on Continental later this year.

Mar 16 · 12:35:00 PM · Source: MarketWatch
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by Steve Wieczorek

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