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:
Details From the Delta Airlines Sale of Mesaba to Pinnacle Airlines
Year: 2010
Delta Sells Two Regional Airline Subsidiaries for $82.5M
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 Reports Record Loads in June 2010
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.
Low-cost Carrier’s Profits Soar
Once
again, low-cost and regional air carriers in the U.S. were more profitable than
legacy carriers, according to data released Monday by the U.S. Department of Transportation.
Air Travel Rebounded in May Above Pre-Recession Levels
The
International Air Transport Association (IATA) announced international
scheduled traffic statistics for May which showed an 11.7% increase in
passenger traffic and a 34.3% jump in freight demand compared to May 2009.
Cessna CEO Jack Pelton: Fewer Pilots a Problem
Jack
Pelton, chairman, president and CEO of Cessna Aircraft Co., spoke Monday
to the Aero Club of Washington, D.C.
Among
the topics Pelton hit upon was a lack of new pilots.
Global Airline Profitability On The Horizon
Surging passenger and freight demand is propelling a dramatic improvement in the
financial outlook for the global airline industry. Asian and U.S. carriers are
leading the turnaround, and even Europe’s economic and volcano woes should not
be enough to derail a return to profitability this year.
American Airlines Sees 2nd-quarter Unit Revenue Up 16.5 to 17.5 Percent From a Year Ago
American Airlines expects second-quarter unit revenue to rise between
16.5 percent and 17.5 percent from a year earlier.
Southwest Sees ‘Very Strong’ June Revenue Growth
Southwest Airlines is expecting “very strong” revenue growth in June,
building upon the year’s momentum as travelers return to the skies after last
year’s doldrums, said Laura Wright, the budget carrier’s chief financial
officer.
Airline Revenues to Take Off in 2010
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.