The recovery in the global economy is expected to benefit the airline
industry with unit revenues slated to rise in the second quarter of 2010.
Rising fares, an improvement in international traffic and an overall recovery
is expected to drive this growth. Last year’s economic downturn and the
preceding year’s steep oil prices had adversely affected the airline industry.
We believe that this news will have a positive impact on share price movements
of airline companies in the near future.
As airline hiring rebounds in 2010, ATP Flight School is the
first place airline recruiters turn to for pilots. A major
recruiting event will be held at the Hampton Inn, Ponte Vedra Beach, FL, and all ATP Flight School Instructors, Students, and Graduates are
welcome.
Colgan Air held a recruiting event at New York’s La Guardia airport exclusively for
ATP Flight School Instructors and Graduates to attend. The event was held on July 6th
and 7th, and over 20 pilots were offered First Officer Positions by Colgan.
AMR Corp. Tuesday said its load factor for June improved 1.6
points for its principal subsidiary, Airlines, while
traffic grew 3.2%. Traffic for American Eagle in June increased 5.3%.
Southwest Airlines Co. said Wednesday its total June traffic rose 5% to more than 7
billion revenue passenger miles from 6.7 billion revenue passenger miles a year
ago. A revenue passenger mile is equal to one passenger flown one mile. Total
June capacity rose 1.9% to 8.6 billion available seat miles from a year ago.
Load factor, or the percentage of available seats filled with passengers, in
June rose to 81.9% from 79.5% last year.
Republic Airways Holdings, today reported preliminary passenger
traffic results for June 2010. The Company generated 1.98 billion revenue
passenger miles (RPMs), a 118% increase from the same month last year, while
available seat miles (ASMs) increased 101%.
Some of the details about the sale of Mesaba to Pinnacle have come to my attention via communications sent from Pinnacle. This is long but very interesting. Here are the highlights:
Atlanta-based Delta Air Lines, Inc., announced Thursday that it
has agreed to sell two of its wholly owned regional airline subsidiaries,
Eagan-based Mesaba Airlines and Minneapolis-based Compass Airlines, for a
combined $82.5 million.
Continental Airlines, the first U.S. carrier to report June traffic, said Thursday that it
filled 87.3 percent of its seats, setting a record for load factors for the
month.