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Air cargo traffic jumped 26.5 percent in June The Journal of Commerce Share     Global air cargo traffic jumped by 26.5 percent in June from a year ago and remains 6 percent above the pre-recession peak of early 2008, the International Air Transport Association said. Cargo capacity rose only slightly above the increase in demand, keeping the load factor at an historical high of 53.8 percent, the Geneva-based airline industry said in its latest monthly report. More Preparing for Southwest Airlines' earnings announcement Learning Markets Share
Southwest Airlines Co. is scheduled to announce earnings before the market opens on, July 29. Looking at the analyst consensus, it appears most traders believe LUV is going to announce a profit of 27 cents per share. Comparing the consensus estimate with LUV's profit of 8 cents per share a year ago, you can see that most analysts believe the company performed better this year than it did last year. More Delta subsidiary Comair fined $275,000 for improperly bumping passengers USA Today Share
The Department of Transportation fined Delta subsidiary Comair $275,000 for "violating regulations on bumping passengers from overbooked flights," The Associated Press reports. The agency apparently began looking into Comair's bumping procedures after passengers filed complaints with the DOT's Aviation Enforcement Office. Comair operates regional flights for Delta. More The future of air travel International Business Times Share
On Sept. 11, with the intentional crashing of four commercial jet airliners and the subsequent air traffic shutdown, air travel was permanently altered, never to be viewed in the same way by the travelling public, never to be dealt with in the same way by government or industry. It was the opening door to the most chaotic and financially stressful decade in the long history of commercial air travel, ending a period of record profits and growth for airlines. More American Airlines pays $5 million to settle global freight cartel case Bloomberg Share
American Airlines agreed to give evidence against other carriers and pay $5 million to a group of freight shippers to settle a New York class-action lawsuit over its role in a global price-fixing cartel. Under the deal, American will provide witnesses, documents and electronic data to help shippers in similar cases in Canada, Australia, South Korea and other countries, the group's lawyer, Michael Hausfeld of Hausfeld & Co. LLP, said in a statement in London. The agreement, filed July 26 in federal court in Brooklyn, N.Y., is the first by an airline to help prosecute the cartel claims outside the U.S., he said. More Will Rogers World Airport debuts completed terminal NewsOK Share
A new $1.8 million terminal for corporate jets, charter flights and business travelers opened at Will Rogers World Airport. AAR Corp. operates the terminal, which was jointly funded with the Oklahoma City Airport Trust. The 6,000-square-foot building can handle about 10,000 flights annually. It replaces an older terminal that passengers could only access by climbing a set of stairs and crossing over a maintenance shop. More Continental tests 'self-boarding' at Houston airport USA Today Share
Boarding a plane without an agent to inspect or take your pass has arrived in the USA. Continental Airlines has confirmed it's testing the procedure at a gate at its hub in Houston Intercontinental. It's the first experiment at what's called "self-boarding" in the U.S. More Radiation questions over a body scanner The New York Times Share
In about two years, if all goes according to the plans of the Transportation Security Administration, those vintage airport magnetometer metal detectors will be replaced by electronic body scanner machines at all 2,200 security checkpoints in all 450 commercial airports in the United States. More Airline unions team up on lobbying efforts The Associated Press via Bloomberg Businessweek Share
Three unions that represent airline workers say they will work together to lobby for tighter aircraft-maintenance rules and protection for workers whose airlines file for bankruptcy protection. The Teamsters, the Transport Workers Union and Coalition of Airline Pilots Association say they represent more than 140,000 airline workers. More |
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