Regional Aviation News back issues from August 2008:
Embraer Has Banner Quarter.
Aug 04, 2008 ... Embraer recorded second quarter 2008 (2Q08) net sales of $1,635.0 million and net income of $134.4 million, equivalent to diluted earnings per ADS of $0.7427. In addition, it introduced two new executive jet programs and rolled out its Phenom 300 Very Light Jet. Embraer ...
Quick Takes - ATA, Horizon, Porter.
Aug 04, 2008 ... ATA Disappointed in Failure of Speculation Bill "We are disappointed that the House of Representatives was unable to take even this modest first step toward curbing the excessive speculation that has contributed to the massive run-up in oil prices," said ATA President and CEO ...
Sound Bites.(rise in domestic air fares)(business travel taxes)(Brief article)
Aug 04, 2008 ... * Average domestic air fares in the first quarter of 2008 were up 4.4 percent from the first quarter of 2007 in the largest year-to-year increase since second quarter 2006 but average fares remained 4.6 percent below the January-to-March high set in 2001, the U.S. Department of ...
XJT Issues Shares to Cover Notes.
Aug 04, 2008 ... The Bank of New York Mellon Global Corporate Trust reported that $58.9 million in aggregate principal amount of outstanding notes had been validly tendered for purchase as of 5:00 P.M. Eastern on July 31. As a result and pursuant to the terms of the tender offer, the ExpressJet will ...
RJET Accelerates ERJ 135 Retirement.
Aug 04, 2008 ... Republic Airways Holdings and Delta have agreed to remove the final 11 37-seat Embraer ERJ 135 aircraft from its 228-aircraft fleet effective September 30, 2008. However, it gains two additional ERJ 170 jets which will be added to the schedule in the spring and summer of 2009. All ...
Analysis: Few Signs Offer Answers for Changing Regional Markets.
Aug 04, 2008 ... Kathryn B. Creedy During this financial reporting season, analysts have been worried about how regionals will fare with all the cutbacks and how vulnerable they are to having contracts cancelled or, in the long-term, not renewed. They were also interested in the rapid ...
Commentary: Re-regulation? You're Kidding, Right?
Aug 04, 2008 ... Those calling for re-regulation must be crazy, which is a loose translation of the message delivered last week by New York University Law School Distinguished Research Scholar and Senior Lecturer Michael Levine, who brought the issue into sharp relief when he asked if they really want to ...
Embraer Expands Production to Portugal.
Aug 04, 2008 ... In a ceremony held yesterday in Lisbon, Embraer announced plans for implementing two new industrial units dedicated to manufacturing complex airframe structures, one focused on metallic assemblies and the other on composites, both of which will be located in the city of Evora, Portugal. ...
Delta Cancels Freedom's CRJ-900 Agreement.
Aug 11, 2008 ... Even after Delta terminated Freedom's Embraer ERJ-145 service, the seven- aircraft CRJ-900 service remained with expectations that a further seven aircraft would be added to the system in May 2009. However, on August 1 Delta notified Mesa that the larger aircraft service will be ...
SkyWest 2Q Profits Down.
Aug 11, 2008 ... SkyWest Inc. outlined the impact of capacity cuts by its Midwest and Delta partners and said that it has collected, net of transaction expenses, $6.3 million in break up fees in the second quarter as the result of it failed attempt to become a Continental Express by acquiring ExpressJet ...
Speculators Account for 48% of Market.(Commodity Futures Trading Commission)(Brief article)
Aug 11, 2008 ... The Commodities Futures Trading Commission revised its estimate of how prevalent speculation was in affecting oil markets, concluding that data reveals that speculators account for 48 percent of the of the open interest in NYMEX crude oil futures and options as of July 15, up nearly 25 ...
RJET Profits, Revenues Up.
Aug 11, 2008 ... At a time when mainline operators were thought to be interested in up- gauging from smaller regional aircraft, Republic Airways Holdings Inc. (RJET) is having difficulty placing the 12 Embraer ERJ 170s that flew for Frontier Jet Express until this spring, when Frontier filed for ...
Jazz Net Down.
Aug 11, 2008 ... Jazz reported its net income was down 32.4 percent during the second quarter to $27.4 million on operating revenues of $409.8 million, up 9.2 percent or $34.5 million. However, CEO Jim Randell said he has no reason to believe that Jazz will go below a 14.09 percent margin in 2009 and ...
XJT 2Q Loss Widens as it Restructures.(ExpressJet Holdings Inc.)
Aug 11, 2008 ... The new Continental agreement with Express Jet (XJT) results in vastly reduced income and CEO President and CEO Jim Ream said the company can generate positive income, but only with massive cost cuts, to compensate for the reduced Continental rates. If not, he said, the carrier may not ...
Capacity Cut Impact on NY Airports.
Aug 11, 2008 ... Access to New York by regionals will be severely restricted at LaGuardia where regional operations will be cut by 8.6 percent to 3.1 percent for mainline departures in the fourth quarter, according to analysis done for Regional Aviation News by OAGback. The situation is reversed at ...
Slot Auction Prompts Law Suit.
Aug 11, 2008 ... After imposing operating caps which failed to stem delays at the three New York airports, the Department of Transportation is trying a new experiment, scheduling its first slot auction for September 3 for a single roundtrip from Newark. Meanwhile the capacity cuts from high fuel prices ...
AK Employee Abuses Customer Credit Cards.
Aug 11, 2008 ... Alaska Airlines and Horizon Air, subsidiaries of Alaska Air Group, Inc., are notifying about 1,500 customers of payment card misuse by a former call center employee. Affected customers who provided their addresses to the company were sent letters via first-class mail last week. For the ...
Bidding War for Frontier Financial Deals.
Aug 11, 2008 ... Republic Airways Holdings (RJET) is the largest investor in $30 million financial deal that was expected to be disbursed last Friday to Frontier Airlines. The deal offers Frontier immediate financing with a potential for an additional $45 million, with fewer restrictions and ...
OAG Reports 7% Drop in Global Airline Capacity in Q4.
Aug 11, 2008 ... The world's airlines will offer 59.7 million fewer seats in the 4th quarter of 2008 than they did a year ago, according to OAG (Official Airline Guide) in its 10-year view of the global aviation industry. The latest figures from OAG's consolidated database reveal a seven percent drop ...
Pinnacle Gives Peak at 2Q Earnings.
Aug 11, 2008 ... Pinnacle Airlines Corp. expects to report its second quarter 2008 financial results August 11, but gave a preliminary assessment last week saying it expects to report second quarter 2008 fully diluted earnings per share of approximately $0.28 to $0.32. Factors affecting the ...
FAA Revokes LAB Flying Service Ticket.
Aug 11, 2008 ... As part of a settlement reached with the Federal Aviation Administration, L.A.B. Flying service will not fight the certificate revocation of the air carrier. FAA grounded the airline on July 24 owing to discrepancies in its maintenance program, which it described as "an astounding ...
PNCL Reports Loss, Outlines Colgan Turn-Around Plan.(Pinnacle Airlines Corp.)(Colgan Air Inc.)
Aug 18, 2008 ... Pinnacle Airlines Corp. reported a second quarter net loss of $11.5 million, a significant swing from the $10.3 million profit earned in the year- ago quarter. Excluding special charges on auction rate securities and Colgan, Pinnacle Airlines Corp would have reported a net income of $5.4 ...
Market Watch - Mesaba, AE, DTW, NW, Horizon.
Aug 18, 2008 ... Mesaba Aircraft Makes Emergency Landing A Mesaba Airlines Bombardier CRJ 900 made an emergency landing at Houston last week after blowing a tire on takeoff. Flight 3462, operating as a Northwest Airlink, was bound for Minneapolis. The jet circled several times to allow ...
FAA STC For DAC Gen-X Class 3 EFB.
Aug 18, 2008 ... DAC International, Inc. received approval from the Federal Aviation Administration for its GEN-X Electronic Flight Bag System for Class 3 installation in a series of Bombardier Regional Jets. Installations can be accomplished under the operator's choice of either Class 2 or Class 3 ...
RAA Supports ATA Suit.(Regional Airline Association)(Air Transport Association of America Inc.)(airspace auction lawsuit)
Aug 18, 2008 ... In strongly worded statement supporting the Air Transport Association's lawsuit aimed at blocking the Administration's plan to auction off the nation's airspace, RAA President Roger Cohen said major cities will be shut out of access to New York. Meanwhile, New York City Mayor Michael ...
Analysis: Q2 Results for Regionals.
Aug 18, 2008 ... Six regional airlines reported their second quarter results last week with SkyWest, Jazz and RJET continuing to make big profits in the face of crushing losses at their mainline partners, only increasing the pressure for major carriers to squeeze their regional partners in the next ...
Airlines Under Attack on All Fronts.
Aug 18, 2008 ... Listening to the recent Energy/Air Service Summit organized by the American Association of Airport Executives, one would think that fuel was the airline industry's only problem. While it may be the focus of much attention, Cyriel Kronenburg, assistant director airport & ATC charges ...
Commentary: FAA Does Not Trust Itself.
Aug 25, 2008 ... As the Federal Aviation Administration faces more Congressional questioning of its oversight programs, one of the alphabet soup groups has actually quantified the FAA's lack of standardization actually costs just one part of the industry. The aviation industry has long known ...
Aviation's Most Exciting Period?
Aug 25, 2008 ... At least one person is enjoying the roller coaster ride that is the international aviation industry today and that is someone from the ivory tower - William Swelbar from MIT's International Center for Air Transport. Calling this the most exciting of times, Swelbar began his ...
Skip Week.
Aug 25, 2008 ... There will be no Regional Aviation News dated Monday, Sept. 1 - Labor Day; for that is the day off which America's captains of industry bestowed on its grateful workers, in lieu of the more red-tinged May Day popular throughout Europe. Hence, the week before Sept. 1 (Monday, September ...
RAA, ATA Fight New Drug Testing Rules.
Aug 25, 2008 ... Saying it raises a host of personnel problems, the Regional Airline Association joined with the Air Transport Association (ATA) asking the Department of Transportation to delay its August 25 requirement that airlines "directly observe" the urine collection from specified employees under ...
Wall Street Tentatively Turns Back to Airlines.
Aug 25, 2008 ... After a lengthy dry spell in which Wall Street either completely ignored airlines or drove their per-share prices down beyond measure, US Airways signaled that the market may be softening on airline prospects now that fuel is moderating. Its recent stock offerings yielded $179 million ...
Mesa Confirms KunPeng Sale, go! Loses $7.4M.
Aug 25, 2008 ... For the first time Mesa discussed its proposed sale of its joint venture with Shenzhen Airlines, Kunpeng Airlines, as reported by Regional Aviation News six weeks ago, with investors, saying it has reached a letter of intent, cut in June, to sell its share of the airline owing to ...
Airgo Takes ATP Freighters.
Aug 25, 2008 ... Airgo Airlines S.A, of Athens, Greece became the latest ATP Freighter operator and will commence flying this month from its operating base of Athens International Airport, according to BAE Systems Regional Aircraft. Managed by a team of experienced Greek airline professionals, ...
TSA Investigating AE for Security Violations.
Aug 25, 2008 ... In a move that looks suspiciously like retribution, the Transportation Security Administration slapped American Eagle with an investigation alleging "multiple security violations" at Chicago. The investigation, which could result in $175,000 in fines, was launched a day after American ...
Happy Birthday, FAA.(Federal Aviation Administration)
Aug 25, 2008 ... "The Federal Aviation Administration (FAA) is celebrating its half- century as the "nation's guardian of aviation safety and maestro of the intricate air traffic ballet that carries more than two million people to their destinations every day," crowed the agency in a recent Fact Sheet ...
Labor Day Pax to Drop 5.7 Percent.
Aug 25, 2008 ... The Air Transport Association of America forecasts that 16 million passengers will travel globally on U.S. airlines during the 2008 Labor Day holiday period, spanning Wed., Aug. 27 through Wed., Sept. 3. This is a decline of 5.7 percent from the 17 million passengers estimated to have ...
Pilot Hiring Halved in July, Regional Hiring Continues.
Aug 25, 2008 ... Airlines that report to AIR, Inc. hired a total of 287 pilots in July, 56 percent fewer than in the previous month. National carriers hired the most with 79, followed by the majors with 72. The non-jet carriers put 33 pilots into their flight decks and Jet-operators hired 18. Other ...