AMR Corp., the parent company of American Airlines and American Eagle, announced Thursday that has obtained $2.9 billion in new liquidity and financing to buy new Boeing 737 aircraft and exercised options to buy 22 CRJ-700s for American Eagle.
Month: September 2009
AMR Reports its Cash Liquidity is Up More Than $1 billion
Airline Profile: Skywest Airlines
Frontier Airlines Reports August Profit of $10.2 Million
Airbus foresees demand for 25,000 aircraft in the next 20 years
Some 25,000 new passenger and freighter aircraft valued at US$3.1 trillion will be delivered from 2009 to 2028, according to Airbus’ latest Global Market Forecast. Emerging economies, evolving airline networks, expansion of low cost carriers and the increasing number of mega-cities as well as traffic growth and the replacement of older less efficient aircraft with more eco-efficient airliners are factors driving demand for new aircraft.
Delta Raises Third-Quarter Outlook
U.S. Airlines Expected to Fare Better Than Global Carriers
This year’s financial outlook is in better shape than carriers elsewhere in the world. That’s according to Reuters, which writes “U.S. airlines are expected to fare better than most of their foreign counterparts this year because they are trimming unprofitable routes and beefing up balance sheets as the economy begins to rebound. U.S.-based carriers have been cutting capacity since last year in response to surging oil prices, while most European and Asian carriers have been slower to reduce flights or fly smaller aircraft on their routes.”