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Delta Air Lines Saw Strong Q3 Thanks To Fuel-Hedge Gain
Delta Air Lines has reported that it saw its third- quarter profit nearly double, primarily due to its fuel contracts increasing in value. The airline's earnings were up to $1.05 billion, compared with $549 million during the same period last year...Read More
U.S. Airways Posts Strong Quarter, Exceeding Estimates
US Airways Group posted a strong third quarter, with a net profit of $192 million, which translates to 98 cents per share versus 92 cents per share expected. Revenue hit 3.53 billion, up 2.8%...Read More
American Airlines, Pilots Make Progress With Labor Talks
American Airlines and the union representing its pilots, the Allied Pilots Association, have reported progress in their labor-contract negotiations. A message from the union told members Sunday that there have been "encouraging changes" in negotiations and that "each of the past several days has proven productive at the table"....Read More
AirlineFinancials.com Projects $1.8B Q3 profit for U.S. Airlines
AirlineFinancials.com is projecting a record third quarter for U.S. airlines, according to a report in the South Florida Business Journal. The seven top airlines are projected to report $1.8 billion in collective profits from $36.9 billion in revenue...Read More
Boeing Boosts Plant Production To Meet Demand
Boeing is in a tight race with European competitor Airbus for new jet productivity, and the result is a boost in manufacturing capacity. The production of 787 Dreamliner jets is increasing by 20%. The greater manufacturing capacity is expected to overcome some of the early production delays as well as increase the company's stock value...Read More
Assembly of Airbus A350 Is Ready To Begin
Competition with Boeing will heat up as European plane-maker Airbus was scheduled to open the assembly factory manufacturing its new A350. Sources say Airbus plans to speed up its manufacturing process of the A350-1000 to generate even more competition between the companies...Read More
NBAA Announces Convention Safety Programs
NBAA plans numerous safety presentations at this year's Orlando convention beginning with Cessna's single-pilot safety standdown meeting on October 29 at 10:30 a.m. The standdown runs until 5 p.m. that day and focuses on cockpit information technologies and systems designed to support the decision-making process for aviators flying alone...Read More
Airbus Plans To Double It's Spending In U.S. European plane-maker Airbus is expecting to double its spending on manufacturing in the U.S. by 2020, according to a speech Airbus Americas chairman Allan McArtor was to deliver Friday. Some of the spending increase is the result of a new manufacturing plant in Mobile...Read More Can The U.S. Navy Turn Seawater Into Jet Fuel?
The U.S. Navy is seeking a solution to the problem of its never-ending demand for oil, and is seeking to turn seawater into jet fuel. Like other common fuels, jet fuel is a hydrocarbon, and seawater is a good source of both hydrogen and carbon. "You take those components [CO2 and hydrogen], and use a catalytic process, for a gas to liquid-type reaction," explained Heather Willauer of the Naval Research Laboratory...Read More
EADS Has Eyes On Additional U.S. Military Contracts
EADS is in search of a U.S. defense contractor that will help the European aerospace giant pitch a new armed helicopter to the U.S. military, and says it's already spent tens of millions of dollars to develop the aircraft for a competition that has not yet been announced...Read More
American Airlines To Recruit And Hire More Than 1,500 Flight Attendants
American Airlines says it plans to bring on more than 1,500 new flight attendants over the next year. American will begin the process of recruitment and hiring in November, with the first new-hire class beginning training in January 2013. The overwhelming response by current flight attendants to the company's recent voluntary...Read More
Gone West: Business Aviation Safety Champion Al Ueltschi
Word reached ANN through the NBAA on Friday of the passing of an industry legend, 95-year-old Albert Lee Ueltschi, founder and chairman emeritus of FlightSafety International, Inc."Safety is the foundation upon which business aviation is built, and in a lot of ways, Al Uetlschi is the person who laid the cornerstone," said NBAA President and CEO Ed Bolen. "Ueltschi's impact on the industry - and the people in it - has been profound. He always said that the best safety device in any aircraft was a well-trained pilot, and he made sure our community had a lot of well-trained pilots."...Read More
Reviews Mixed On Cessna's Third Quarter In a conference call with analysts Wednesday, Cessna executives said that orders were "very, very light" in July and August, but a bit stronger in September. The result was higher revenue for the quarter, but the bottom line took a hit...Read More Rising Fuel Costs Prompt $100M Cost-Saving Effort
Southwest Airlines will include a reduction in its workforce as part of its upcoming cost-cutting strategy, though there are no plans for layoffs, said CEO Gary Kelly. Rising fuel prices have put pressure on the budget airline's profitability, and the reduced-workforce plan will be part of a $100 million cost-savings effort...Read More
Airline Industry Reaches 43-Month Safety Milestone
The U.S. airline industry has reached an important milestone. The last fatal airline crash was 43 months ago, making it the longest accident-free period since World War II. While some are now questioning the dollars spent to ensure safety in the future, officials from the Federal Aviation Administration remind of their continued efforts. "There are literally hundreds of people at all the airlines collecting and analyzing data," Margaret Gilligan, FAA's associate administrator for safety, said....Read More
Start Digging! Spitfires Cleared For Excavation
British aviation enthusiast David Cundall expects to begin excavation later this month to recover 60 or more Supermarine Spitfire Mk XIVs in Myanmar. Cundall discovered the cache of Spitfires earlier this year after searching for them for 16 years, but only signed a deal with the Myanmar government on Tuesday. The aircraft were packed in crates late in World...Read More
Hawker Beechcraft Unveils Post-Bankruptcy Plans
Hawker Beechcraft intends to emerge from its Chapter 11 bankruptcy filing as a standalone company, and is no longer pursuing a proposed transaction with Chinese aircraft manufacturer Superior Aviation Beijing, the company said Thursday....Read More
Southwest Airlines Posts Q3 Profit
Despite losses earlier in the year, Southwest Airlines posted a $16 million profit, equivalent to 2 cents per share. According to CEO Gary Kelly, prospects are bright with passenger unit revenue up by about 4% this month. "While the economy remains a significant concern, we are encouraged, thus far, by October's bookings and revenue trends," he said...Read More
Navy Awards $1.9B For 3rd Phase of P-8A Production
On the heels of the U.S. Navy announcing on Sept. 21 its plans to buy 11 P-8A Poseidon Multi-Mission Maritime low rate initial production (LRIP) Lot III aircraft from Boeing, the fourth production aircraft was delivered to the fleet Oct. 9. "The delivery of the fourth LRIP Lot 1 aircraft is a great way to start the month," said Capt. Scott Dillon, Maritime, Patrol and Reconnaissance Aircraft Program Office's (PMA-290) program manager...Read More
Increased Capacity Boosts JetBlue's Traffic 6.1%
JetBlue Airways traffic was up 6.1% in September as compared to the same period last year. The increase is attributed in part to an increase in the airline's capacity, which the airline has been actively expanding in recent months...Read More
American Eagle May Fly Solo After Bankruptcy
American Eagle may find its self as a stand-alone regional airline after AMR Corp. emerges from bankruptcy, and the carrier's CEO says that's just fine with him. "That would certainly be my hope and my anticipation," American Eagle CEO Dan Garton told Bloomberg News in a telephone interview...Read More
New Crew Headed To The International Space Station
NASA astronaut Kevin Ford and Russian cosmonauts Evgeny Tarelkin and Oleg Novitskiy launched aboard a Russian Soyuz rocket on their mission to the International Space Station at 0651 EDT Tuesday. The trio lifted off from Site 31 at the Baikonur Cosmodrome in Kazakhstan. This is the first time in 28 years the pad has been used for human spaceflight...Read More
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