Southwest Airlines announced yesterday that it has submitted a nonbinding proposal to bid for bankrupt Frontier Airlines, which now is scheduled to be sold at auction next month.
Month: July 2009
The parent company of Las Vegas-based Allegiant Air continued its rapid earnings pace, reporting a double-digit percentage increase in revenue and earnings that increased more than 90% over the same quarter a year ago.
The parent of Frontier Airlines said it recorded a
$12.6 million net profit for the second quarter, compared with a year-ago-loss
of $57.7 million.
Hawaiian Airlines parent Hawaiian Holdings remained profitable in the second quarter, posting a $27.5 million profit.
After months of seeming free fall, it feels like the business jet market is starting to stabilize, said Jack Pelton, head of Cessna Aircraft.
If you look at the bottom line, general aviation locally and nationally has taken an undeserved beating from a political controversy concerning the use of business jets and it has been slow to recover.
Three U.S. airlines said Thursday that they made money in the April-June quarter, the start of the summer travel season, with help from cheaper jet fuel and extra fees on passengers.
AirTran Airways, Inc. today reported a net profit of $78.4 million for the second quarter of 2009. This represents a $93.3 million improvement over the same quarter of 2008, reversing a net loss of $14.8 million according to a company press release.
Southwest Airlines posted a $54 million profit for the second quarter, its first profitable quarter after three straight quarters of losses.
The chief executive of Boeing’s commercial jet division on Monday sought to dispel some of the pessimism at this year’s Paris Air Show, arguing that the global economy was showing signs of a recovery and predicting a resumption of global growth in airline traffic as early as 2010 according to the New York Times.