Northwest Airlines' cancellations continued Sunday, with more than 200 flights dropped as pilots stayed home, saying they were pushed to the limit of hours they are allowed to fly each month.
via The Seattle Times
11:21 AM
11:10 AM
TOKYO: All Nippon Airways Co., Japan's second-largest carrier, said Tuesday its profit climbed to a record amount in the most recent quarter, lifted by the sale of its poor hotel business to a U.S. investment ...
via International Herald Tribune
11:03 AM
Air traffic controllers in Louisville say ground radar at Louisville International Airport has finished its testing phase and is operational.
via WFIE-TV Evansville
11:01 AM
British Airways was fined almost $550 million on Wednesday by U.S. and British regulators after the airline acknowledged colluding with rival Virgin Atlantic over fuel surcharges.
via Canadian Business Magazine
10:56 AM
The U.S. Justice Department said on Wednesday British Airways and Korean Air Lines have agreed to plead guilty and pay separate $300 million criminal fines for their roles in conspiracies to fix the prices of ...
via Reuters UK
10:53 AM
Low-fare carrier Allegiant Air, which serves Tri-State Airport, has announced it will establish bases at two new destinations: Phoenix-Mesa, Ariz., and Fort Lauderdale, Fla.
via Herald-dispatch.com
10:43 AM
Frontier Airlines, the Denver-based low-fare carrier, will announce today that it will launch service between Rapid City and Denver, Frontier spokesman Joe Hodas confirmed Monday. Hodas said service would begin Oct. 5, and the new carrier will offer two flights a day seven days a week to Frontier's Denver hub. He said other details, including fares and schedules, would be released today. Rapid City is one of three cities notified Monday that Frontier will add them to its schedule. The others are Wichita, Kan., and Sioux City, Iowa. Last winter, Frontier invited as many as 50 mid-sized cities within a 1,200-mile radius of Denver to submit proposals.
The Frontier routes were coveted by airport managers throughout the region. Its low-fare business model, pioneered by Southwest Airlines, brings lower fares, even among traditional carriers, to the markets where they set up. Some cities even offered cash subsidies to lure Frontier. Sioux Falls, for instance, offered $250,000 in revenue guarantees. A consultant in Sioux Falls told airport officials there that fares could drop by 30 percent if Frontier enters the market. It's unclear, at least for now, whether Frontier's entry in to the Rapid City market will have such a dramatic effect on overall fares.
Mason Short, Rapid City Regional Airport's executive director, said Monday that Rapid City's package included no cash subsidy or revenue guarantees.
Currently, the only incentives Rapid City offers to airlines are marketing agreements through the Rapid City Air Service Task Force and partners such as the South Dakota Department of Tourism and the Rapid City Convention & Visitors Bureau. Short believes it was the Rapid City market itself that lured Frontier to town.
"I think it was twofold: The tremendous outdoor recreation and attractions that are here, and the tremendous amount of demand for air service in Rapid City," he said. Rapid City has higher-than-average load factors despite higher-than-average fares, Short said.
"I think that made the market ripe for lower-fare competition," he said. Denver is currently the biggest destination for air travel from Rapid City Regional Airport. In May, the United Express carrier ferried more than 17,500 passengers to and from Denver. Meanwhile Northwest Airlines transported about 15,500 passengers to and from Minneapolis-St. Paul.
SkyWest, operating as a DeltaConnection carrier to the Delta Airlines hub in Salt Lake City, had 5,500 passengers in May. And Allegiant Air's route to Las Vegas carried 2,000 passengers. Frontier Airlines began service on July 5, 1994, with 180 employees and two Boeing 737s on routes from Denver to North Dakota cities of Bismarck, Fargo, Grand Forks and Minot.
Since then, it has grown to be the second-largest carrier out of Denver International Airport, with an average of 250 daily departures and arrivals to 57 cities in the United States, Canada, Mexico and Central America.
source:http://www.rapidcityjournal.com/
The Frontier routes were coveted by airport managers throughout the region. Its low-fare business model, pioneered by Southwest Airlines, brings lower fares, even among traditional carriers, to the markets where they set up. Some cities even offered cash subsidies to lure Frontier. Sioux Falls, for instance, offered $250,000 in revenue guarantees. A consultant in Sioux Falls told airport officials there that fares could drop by 30 percent if Frontier enters the market. It's unclear, at least for now, whether Frontier's entry in to the Rapid City market will have such a dramatic effect on overall fares.
Mason Short, Rapid City Regional Airport's executive director, said Monday that Rapid City's package included no cash subsidy or revenue guarantees.
Currently, the only incentives Rapid City offers to airlines are marketing agreements through the Rapid City Air Service Task Force and partners such as the South Dakota Department of Tourism and the Rapid City Convention & Visitors Bureau. Short believes it was the Rapid City market itself that lured Frontier to town.
"I think it was twofold: The tremendous outdoor recreation and attractions that are here, and the tremendous amount of demand for air service in Rapid City," he said. Rapid City has higher-than-average load factors despite higher-than-average fares, Short said.
"I think that made the market ripe for lower-fare competition," he said. Denver is currently the biggest destination for air travel from Rapid City Regional Airport. In May, the United Express carrier ferried more than 17,500 passengers to and from Denver. Meanwhile Northwest Airlines transported about 15,500 passengers to and from Minneapolis-St. Paul.
SkyWest, operating as a DeltaConnection carrier to the Delta Airlines hub in Salt Lake City, had 5,500 passengers in May. And Allegiant Air's route to Las Vegas carried 2,000 passengers. Frontier Airlines began service on July 5, 1994, with 180 employees and two Boeing 737s on routes from Denver to North Dakota cities of Bismarck, Fargo, Grand Forks and Minot.
Since then, it has grown to be the second-largest carrier out of Denver International Airport, with an average of 250 daily departures and arrivals to 57 cities in the United States, Canada, Mexico and Central America.
source:http://www.rapidcityjournal.com/
10:37 AM
Air New Zealand said today it is purchasing four Boeing 777-300 long-haul aircraft, and has options on a further three.
The four aircraft, due for delivery by 2011, have a list price of $1.1 billion, but were purchased at a discount, Air NZ chief executive Rob Fyfe said.
The purchases, in addition to the eight Boeing 787 Dreamliners on order, would extend the range, capacity and fuel efficiency of the Air NZ fleet, Mr Fyfe said.
"The purchase rights for the 777-300ERs were obtained from Boeing in 2004, and the confidence we showed in the future of Air New Zealand when the aircraft purchasing market was at the bottom of the cycle three years ago has really paid off," Mr Fyfe said.
Air NZ has now committed more than $2.6 billion to long haul fleet investment.
The airline will move to a full 777 and 787 twin engine fleet for long haul flights around 2012, phasing out the Boeing 747 and 767s as the new aircraft are introduced.
The Boeing 787 is 20 percent more fuel efficient than other long-haul aircraft, while the 777s are 16 percent more efficient than the 747s.
The 777-300ER can seat around 50 more passengers than the 313-seat 777-200ERs in its fleet.
Air NZ said it planned to fund the purchase through a mixture of cash and debt.
At its interim result in February, the airline said it had completed the first stage of a three-year, $2.6 billion capital investment programme with over $1 billion still in the bank and a debt ratio of just 46.7 per cent.
While the aircraft were cheaper to run and maintain, the purchases did not herald a fall in ticket prices, Mr Fyfe said.
The airline also did not expect to drop its fuel surcharge for passengers.
"A number of airlines are in the process of introducing additional fuel surcharges. We've got jet fuel price today back up at record levels.
"Hopefully these sorts of decisions may preclude us having to introduce further surcharges, but we're talking today about aircraft that are going to be introduced in three years' time, so I struggle to be honest to figure out what the fuel price is going to do in three months' time," Mr Fyfe said.
Jet fuel remains the airline's most significant cost.
Shares in majority government-owned Air NZ were down 2.3 per cent at $2.60 today, having traded between $1.08 and $3.13 in the last 12 months.
source: http://stuff.co.nz/
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