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Filed in archive News on September 2, 2010

Another airline cuts staff and planes

Another airline cuts staff and planes
© cliff1066™
Comair, a regional airline owned by Delta Air Lines Inc's regional carrier, Comair, is set to lay off staff and drastically reduce its fleet by 2010. This is a cost cutting move and it is estimated it should saved the airline about $27 million a year for the next four years.

Comair's costs are about 20% higher than other airlines and as they are set to enter a round of negotiations with flight attendants, pilots and mechanics, the airline is hoping to further reduce costs.

Comair President John Bendoraitis told employees in a memo Wednesday that the regional airline, based in Erlanger, Ky., will get rid of most of its aging, less-efficient 50-seat jets and keep its bigger 65-seat and 76-seat jets.


Earlier this year, Delta sold two other regional carriers, Mesaba and Compass.

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Filed in archive News on August 9, 2010

Airlines indicating an end to the recession?

Airlines indicating an end to the recession?
© cliff1066™

American Airlines reported huge losses this quarter while US Airways, Delta Air Lines Inc. and United parent UAL Corp, reported huge profit. While American's losses were reported at $10 million, that is still a far cry from the losses of over $300 million reported for the same quarter last year.

One of the strategies that has helped the airlines cut losses is the cancellation of unprofitable routes and reduced flights, coupled with higher prices. Another factor in the improved balance sheets is the return of business travel. Perhaps an indication that the recession is indeed on it way out as business travelers take to the skies again.

American puts its losses down to high fuel and labor costs, yet all airlines face the same costs.

Michael Derchin, an analyst with CRT Capital Group, said American suffers from higher labor costs because unlike Delta, United and US Airways, it didn't cut wages and pensions through the bankruptcy process

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Filed in archive News on July 16, 2010

Boeing Buys Argon For $775 M

Boeing Buys Argon For $775 M
© cliff1066™

Another milestone is to be created in the airline industry as Boeing is about to buy combat engineering firm Argon ST for about $775 million, reflecting a shift by defense contractors seeking to accommodate a Pentagon that now wants high-tech intelligence tools instead of big guns and heavy armor. This will help to fight against shadowy insurgent groups in places like Iraq and Afghanistan. Boeing gets roughly half of its revenue from government defense, space and security contracts. It makes fighter jets, cargo planes and is expected to compete against Airbus airlines parent European Aeronautic Defence and Space Co. for a $35 billion contract to build a new fleet of refueling jets. The deal shows the willingness of big contractors to make acquisitions as they try to match the Pentagon's shifting priorities.

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Filed in archive News on July 16, 2010

Boeing's New 787 Jetliner May be Delayed till 2011

Boeing's New 787 Jetliner May be Delayed till 2011


The first delivery of the Boeing's new 787 jetliner, according to the latest airlines news, may be delayed into early 2011 because of inspections and instrument changes on the flight test aircraft. Scott Fancher, general manager of the program for Boeing Commercial Airplanes, told reporters that Boeing still intends to deliver its first Boeing 787 to Japan's ANA by the end of the year. The airline industry information also revealed the fact that the first delivery of the 787 was originally due in 2008. Fancher said the planned changes in data-gathering instrumentation on the flight test planes took longer than expected. Boeing has not specified when it expected the 787 testing program to end. While it aims for the first deliveries at the end of the year, testing on some components will continue beyond that.

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Filed in archive News on July 8, 2010

Delta Airlines selling up.

flickr_3315978455.jpg
© lrargerich

As part of its efforts to save money, Delta Airlines, the largest airline in the world, has sold two of its regional carriers. Mesaba Airlines was sold to Pinnacle Airlines Corp, and, Compass Airlines was sold to Trans States Holdings Inc. for a combined total of $82.5 million.

Pinnacle Airlines Corp. is the parent company of Pinnacle Airlines and Colgan Air Inc. Colgan, which flies as Continental Connection, United Express and US Airways Express, operated the plane that crashed in Buffalo, N.Y., last year, killing 50 people.

Trans States Holdings Inc. is the parent company of regional airlines Trans States Airlines and GoJet Airlines. It operates as United Express and US Airways Express.


The sale does not affect Delta flights because there are agreements in place that require Pinnacle Airlines Corp and Trans States Holdings Inc. to continue operating flights for Delta for up to 12 years. The airline industry will no doubt look much different then than it does now.

With all airlines needing to cut costs, and, because less people are flying due t the economy, more airlines will no doubt follow suit. Major airlines benefit because their routes are still in operation, yet, they don't have the cost have having to operate them.

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