- MA hopes A380 ups traffic at Sydney Airport[Apr. 20, 2006]
Macquarie Airports is hoping the arrival later this year of the double-decker Airbus A380s and the emergence of longer-haul, low-cost carriers will help boost lacklustre growth in international traffic through Sydney Airport.
- Air Berlin set to reveal IPO plan[Apr. 20, 2006]
Air Berlin may announce more details of its upcoming IPO tomorrow.It is expected that the carrier's stock could begin trading as early as May 5. According to German daily Boersen-Zeitung, a possible press meeting Friday will signal the start of the road show for the offering, which includes a visit by CEO Joachim Hunold to the US to attract interest from Wall Street in the German low-fare airline.
- Expanding China Southern slips into red[Apr. 20, 2006]
Expenses surpassed revenues in a year in which Guangzhou-based China Southern Airlines continued to absorb China Northern Airlines and Xinjiang Airlines, leading to an annual loss of CNY1.85 billion ($229.8 million) compared to a CNY155 million profit in 2004.
- Travelzoo garners $4.1 million in 2006[Apr. 19, 2006]
Internet travel services company Travelzoo Inc. shared that this year's first-quarter profit more than doubled and it benefited from a lower-than-expected loss from its operations in Europe and a decrease in its effective tax rate. (4/19/2006)
- Worldspan doubles low-fare results[Apr. 18, 2006]
Low-fare shopping solution Worldspan e-Pricing has introduced new features for standard level subscribers in the United States and Canada, with users being offered twice the number of low-fare itinerary options in a single search to destinations worldwide. (4/18/2006)
- Pilots agree to $290mln annual concessions[Apr. 18, 2006]
- JetBlue is seen slowing growth[Apr. 18, 2006]
JetBlue Airways may "modestly retard its growth" through retirement of its oldest aircraft or deferrals of new deliveries and could make an announcement to that effect as early as next week, JP Morgan analyst Jamie Baker speculated in a report released Monday.A JetBlue spokesperson told ATWOnline the carrier is in a quiet period ahead of its quarterly results release on April 25 and could not comment. Yesterday, it announced it hired a new VP-revenue management, filling a position that had been vacant since last fall (see item below).
- Doug Hacker to leave United; he sued[Apr. 17, 2006]
In a move likely to chill slowly thawing labor relations at United Airlines, parent UAL Corp. is providing a generous severance package to Douglas Hacker, a longtime member of the company's executive management team who sued UAL in March to recover bonus and incentive payments he claimed he was owed.
- Toll happy for a holding pattern on VB[Apr. 15, 2006]
A decision on Virgin Blue's future could take up to 18 months in the wake of Patrick Corp's surprise decision to accept the latest takeover bid by Toll Holdings.
- Atlas Air stable, profitable in 1st year[Apr. 14, 2006]
Atlas Air and Polar Air Cargo parent Atlas Air Worldwide Holdings, in its first full fiscal year since exiting bankruptcy protection, reported a 2005 profit of $73.9 million on revenue of $1.62 billion, a performance that left the company confident as it pursues a listing of its common stock on a national exchange."We believe that reaching these milestones will greatly broaden our potential investor base and therefore interest in AAWW, ensuring a more liquid market for our shares," Senior VP and CFO Michael Barna said.