The business aviation industry is not out of the woods just yet, but General Dynamics executive vice-president, Joe Lombardo, is cautiously optimistic about the prospects for the future according to FlightBlogger’s John Ostrower.
Month: October 2009
Gulfstream International Airlines Announces Expansion of Continental Connection Flights
Gulfstream International Airlines announced today additional service under under Gulfstream’s “Continental Connection” affiliation with Continental Airlines. Under this arrangement, Gulfstream coordinates pricing and schedules with Continental Airlines. Gulfstream passengers enjoy a seamless travel experience as through ticketing and baggage transfer is offered.
Cessna Official Says Market is Stabilizing
Third Quarter Results Make Airlines Look Smart
Third-quarter results showed the benefits of more than a year of reducing capacity, and of adding incremental fees that provided each of the three largest carriers with at least $1 billion annually in new revenue. Airlines, it seemed, were one of the few industries that actually prepared for the recent recession.
Airline execs more optimistic about profit
Airlines Report Healthy Quarterly Profits
JetBlue Airways, AirTran Airways, Allegiant Air and Alaska Airlines all recorded healthy profits. Alaska stood way out, with a quarterly profit of $88 million and an operating margin of a healthy 16.5%. Alaska saw a smaller drop in unit revenue than its peers—the airline has little exposure to overseas routes that have been hit hard by the deep recession. Maybe these numbers are a sign that good service wins when money’s tight.
SkyWest Airlines Reaches Agreement to Fly Regional Jets for United
Atlantic Southeast Airlines to Operate RJs for United from 2010
SkyWest, Inc. subsidiary Atlantic Southeast Airlines (ASA) will begin operating as a United Express carrier in the first quarter of 2010 as part of a deal that sees SkyWest lending United Airlines $80 million and agreeing to let United defer up to $49 million it owes the Utah-based regional airline operator.
ATP Opens First FBO at Daytona Beach International
AirTran Q3 Profit Report to be Bright Spot in Earnings Preview
AirTran Holdings, operator of discount carrier AirTran Airways, is expected to report third-quarter results on Wednesday. The Orlando-based company is expected to post an adjusted profit for the July-September quarter, one of the few bright spots in an industry still reeling from weak demand for business travel.