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Displaying 1 - 15 of 2072 stories.
Monday, May 12, 2008
Pinnacle Income Drops
Pinnacle Airlines Corp reported first quarter 2008 net income and fully diluted earnings per share of $2.7 million, down dramatically from the year-ago period when it posted $9.4 million in first quarter net income. In addition, its earnings per share dropped from 38 cents in the year-ago period to 15 cents... [read more]
May 12, 2008
Hawaii Wants Re-Regulation in Inter-Island Market
While the Hawaiian legislature would like to re-regulate the inter-island market in the wake of Aloha’s failure, it is unlikely to pass the federal pre-emption test in Washington regardless of whether the governor signs the bill into law. It is now on...
May 12, 2008
Jazz Net Down 14.2 Percent
Jazz reported net income down 14.3 percent to $30.3 million on operating revenue of $396.4 million, which was up 8.8 percent. It received $3.9 million in performance incentives which was up 25.8 percent. Controllable cost per available seat mile dropped 2.6...
May 12, 2008
RAA Blasts Feds on FAA Bill, Congestion Pricing
Indianapolis, IN – Regional Airline Association members had choice words for Congressional failure to pass the long-overdue Federal Aviation Administration reauthorization legislation, effectively killing changes for a bill this year, despite continuing...
May 12, 2008
Embraer Continues to Study Future Requirements
Indianapolis, IN – Embraer continues to make no commitments on its next aircraft program, preferring to wait out the chaos in the airline market before making a decision, according to Executive Vice President – Commercial Mauro Kern, who briefed...
May 12, 2008
XJT Posts $31.3 Q1 Loss
ExpressJet Holdings, Inc. reported a first quarter loss of $31.3 million, or $0.61 per share, cancelling its regular quarterly analyst conference call owing to the recent SkyWest bid to acquire the airline and the formation of a committee to assess...
May 12, 2008
Large Aircraft Demand up in BBD’s Latest Forecast
Indianapolis, IN – Demand for 20- to 149-seat commercial aircraft is expected to reach approximately 12,900 new aircraft in the next decade and 17,500 in the 20-year period from 2008 to 2027, according to Bombardier's Commercial Aircraft Market Forecast...
May 12, 2008
SkyWest Operating Revs Up, Net Down 16 Percent in Q1
Although the company could not comment on its recent offer to acquire ExpressJet, SkyWest Inc Vice President and Treasurer Brad Rich did outline for analysts the philosophy in SkyWest’s acquisition strategy. “We aren’t interested in...
May 12, 2008
Embraer Post $85M Profit
Embraer posted first quarter 2008 (1Q08) net sales of $1,335.9 million and net income of $85.0 million, equivalent to diluted earnings per ADS of $ 0.4633. Income from operations reached $48.7 million in 1Q08, a 214.2 percent increase over the same period...
May 12, 2008
Analysis: RAA Seemingly Late on NTSB Concerns
The Regional Airline Association and FAA seemed blissfully unaware of the year-long drumbeat by National Transportation Safety Board Vice Chair Robert Sumwalt about regional aviation safety. When asked to respond to Sumwalt’s concerns, RAA Chair Bryan...
May 12, 2008
ATR Looking at 90-seat Tprop
Indianapolis – ATR is also contemplating a 90-seat turboprop but whether it will be a stretch or a new family of aircraft depends on market research, according to North American Head of Sales John Moore. “We will probably develop and new...
May 12, 2008
Saab, Mitsubishi Set to Sign Support Agreement
Indianapolis, IN – Mitsubishi Aircraft Company and Saab Aerotech are close enough in signing an agreement calling for Saab to at least cover component support for Mitsubishi’s MRJ aircraft that they announced it at the Regional Airline Association...
May 12, 2008
RAA Personnel Chances, New Web Site
Indianapolis -- Regional Airline Association President Roger Cohen announced Scott Gordon, who has taken his “dream job” with BankAmerica, will be replaced by Stacey Morgan. He also unveiled the association’s new web site which he called...
May 12, 2008
Quick Takes -- AE, Lynx, Flyaboo/Embraer, PT Riau/BAe
AE Adds to Grand Junction, Replaces Mainline to Other Routes As American announced its planned cuts, it said it was downsizing its equipment in favor of American Eagle/American Connection service between St. Louis and San Antonio and Raleigh/Durham (RDU) and...
May 5, 2008
Analysis: Times Have Changed
Time was when the Federal Aviation Administration wanted to flex its muscles to prove it was doing its job, it went after commuter/regional airlines. Not so, today. Regionals, with the exception of American Connection Trans States and American Eagle, have...
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