Karen's Feed
Apr 23, 2014

Delta Air profits rise, stronger outlook boosts shares

By Karen Jacobs

(Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported a higher-than-expected first quarter profit and gave a strong outlook for the current period, sending its shares up 5 percent.

Delta forecast that operating margin, a measure of income to costs, and unit revenue, an important airline measure known as passenger revenue per available seat mile, would both expand in the current period.

Apr 3, 2014

Delta says may buy up to 50 wide-body jets to update fleet

WASHINGTON, April 3 (Reuters) – Delta Air Lines is
looking at buying as many as 50 wide-body jets, the airline said
on Thursday, opening a contest between Airbus and
Boeing Co for business worth well over $10 billion at
list prices.

In an official confirmation of a bid to renew the top end of
its fleet, the airline said it was studying replacements for its
Boeing 747-400 and 767-300ER jets, which have an average age of
some 20 years and burn more fuel than newer planes.

Apr 3, 2014

Spirit Airlines sees no short-term pilot shortage

WASHINGTON (Reuters) – The chief executive of discount carrier Spirit Airlines (SAVE.O: Quote, Profile, Research, Stock Buzz) said on Thursday he has no concerns about pilot availability in United States for next couple of years, but is worried about staffing in the longer term.

“We’re actively hiring pilots now, and we are currently not having a problem attracting qualified pilots,” Spirit’s Ben Baldanza told Reuters in an interview at the U.S. Chamber of Commerce’s aviation summit in Washington.

Mar 30, 2014

Delta-Virgin takes up battle for New York-London fliers

ATLANTA (Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) has been making inroads in the dogfight over the lucrative market for business travel between New York and London, but the newly merged American Airlines Group (AAL.O: Quote, Profile, Research, Stock Buzz) is fighting back.

Delta is hoping to attract customers through its new partnership with Virgin Atlantic, known for its high-tech and non-traditional approach to flying, and its own boosted profile in New York, where it expanded flights and renovated terminals.

Mar 24, 2014

Southwest to add flights from Reagan National Airport

March 24 (Reuters) – Southwest Airlines Co will more
than double its flights from Ronald Reagan Washington National
Airport this year with new nonstop routes to cities including
Akron-Canton, Ohio; Indianapolis and Dallas Love Field, it said
on Monday.

The carrier also plans to add nonstop flights between Reagan
National and Chicago Midway, Houston Hobby, St. Louis and other
U.S. airports it serves.

Mar 14, 2014

Norwegian Air faces last hurdle to new flights: U.S. approval

ATLANTA, March 13 (Reuters) – Budget air carrier Norwegian
Air hopes to soon get U.S. government approval to
operate more lower-cost flights to Europe despite opposition
from U.S. and European unions, its chief executive said on
Thursday.

The carrier is looking to increase flights between the
United States and Europe with a new unit based in Ireland. The
subsidiary, Norwegian Air International, was certified as an air
carrier by the Irish government last month and still requires
approval as a foreign air carrier from the U.S. Department of
Transportation.

Mar 5, 2014

Virgin America could go public in second half of 2014

By Karen Jacobs

(Reuters) – Virgin America, the U.S. carrier in which Richard Branson’s Virgin Group has a minority stake, could go public in the third or fourth quarter, its president and chief executive said on Wednesday.

“We think the company will be ready from an administrative and financial standpoint later this year,” David Cush said in a telephone interview. “Our thought right now is that late third quarter or sometime in the fourth quarter is probably the earliest we would be looking at going,” he said, noting that market factors would affect the timing.

Feb 26, 2014

Delta to award frequent flier miles based on ticket price

Feb 26 (Reuters) – Delta Air Lines Inc, making a
bigger play for business travelers, said it would change its
frequent-flier program to base miles earned toward free flights
on how much customers spend rather than the distance traveled.

The move, which will take effect next year, will benefit
corporate travelers who are the most profitable for airlines.
Those travelers can spend two to three times or more than
leisure passengers, who tend to look for bargains. Business
travelers also tend to book more flights.

Feb 13, 2014

Orbitz profit aided by hotel, vacation packages; shares jump

By Karen Jacobs

(Reuters) – Orbitz Worldwide Inc (OWW.N: Quote, Profile, Research, Stock Buzz) reported a higher-than-expected quarterly profit on Thursday and said it was making investments to improve its airline-ticket business, sending its heavily shorted shares up 28 percent for their biggest gain since August.

The online travel agency said on a conference call with analysts Thursday that recent agreements with Amadeus, Sabre and Travelport to provide technology and travel-management services would help boost traffic to Orbitz’s sites. A current agreement with Travelport that limits Orbitz’s ability to work with similar systems expires at the end of 2014.

Feb 12, 2014

Republic Air CEO cites hurdles finding pilots

By Karen Jacobs

(Reuters) – Republic Airways Holdings Inc (RJET.O: Quote, Profile, Research, Stock Buzz) expects to hire 350 pilots in 2014, down from 600 originally planned, as it cuts its planned flying in the wake of U.S. rules requiring more experience for aviators, Chief Executive Bryan Bedford said.

Bedford’s comments followed Republic’s disclosure on Tuesday that its pre-tax income would be reduced this year because it decided not to extend leases on 27 planes due to a scarcity of qualified pilots.