The Boeing Company announced that it will lower the production rate on the 747-8 program to match supply with near-term demand in the cargo market. To account for the market and production impacts, the company will recognize a $569 million after-tax charge ($0.84 per share) when it announces financial results for the fourth quarter of 2015. “Global air … Read more
The pilots of United Airlines, represented by the Air Line Pilots Association, have approved a two-year extension to their collective bargaining agreement with United Continental Holdings. Of the 10,569 eligible pilots, 90.94 percent participated in the ratification vote. 79 percent approved the agreement. The agreement extends the amendable date of the United Pilot Agreement to January … Read more
Following Thursday’s record fourth quarter and full-year earnings announcement, employees at Alaska Airlines and Horizon Air today are receiving bonuses of more than nine percent of their annual pay, or nearly five weeks additional pay, for most workers. For the past seven years, employees have received an average annual bonus equal to approximately one month’s pay. The … Read more
Island Air today announced it plans to restore service to the island of Kauai with six daily round-trip flights between Honolulu and Lihue Airport, effective March 15, subject to government approval. The return to Lihue is expected to benefit Kauai and the traveling public by offering more seats and more flight options for interisland travel, … Read more
United Airlines today reported its fourth-quarter and full-year 2015 financial results. United Airlines reported full-year net income of $4.5 billion, or $11.88 per diluted share, excluding special items. Including special items, UAL reported full-year net income of $7.3 billion. These results include a nonrecurring $3.1 billion non-cash benefit associated with the reversal of the company’s … Read more
United Airlines today appointed James T. Olson as senior vice president of Corporate Communications, bringing to the airline 25 years of public relations and employee engagement experience from several of the world’s most admired and innovative companies, including Starbucks, US Airways and Nissan. He will join United on Feb. 1, reporting to Michael Bonds, executive vice president of Human … Read more
Shares of Delta Air Lines jumped in early trading Tuesday after the airline reported record-breaking earnings for the fourth quarter and full year 2015. Delta’s stock was trading at $46.60 per share, up nearly 5 percent, mid-morning. The airline’s market capitalization, which reflects the total value of a company’s stock, was at more than $35 … Read more
Atlas Air Worldwide Holdings today said that it has entered into a definitive agreement to acquire privately held Southern Air Holdings, a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately $110 million. The transaction is subject to customary closing conditions and approval by the … Read more
JetBlue today announced it has expanded its existing partnership with Hawaiian Airlines through a bilateral codeshare agreement. JetBlue is placing its ‘B6’ code on nonstop flights operated by Hawaiian Airlines between New York (JFK) and Honolulu (HNL). The ‘B6’ code is also available on select connecting flights from JetBlue’s east coast network to Honolulu via … Read more
Share Tweet Share Share Email Comments Allegiant Travel Company announced the resignation of Steve Harfst, Chief Operating Officer of Allegiant Air, effective immediately. “We thank Steve for his contributions to Allegiant,” said Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. “We look forward to continuing his efforts to strengthen our operation.” Harfst … Read more