October 25, 2014 |
U.S. airline stocks rallied Thursday after several carriers reported healthy third-quarter profits, helped by strong bookings and declining jet-fuel prices. Ebola fears have not noticeably discouraged travel, airline executives said. "The demand environment remains solid, and strong revenue trends have continued," Southwest Airlines chief financial officer Tammy Romo said on an investor call. American Airlines, Southwest, and JetBlue Airways posted record profits for the three months ended Sept.
August 27, 2014 |
American Airlines and its merger partner, US Airways, are renovating a warehouse at Philadelphia International Airport to include refrigeration for pharmaceuticals and other health-care products. When it opens this fall, the temperature-controlled plant will be able to handle four to five times the current amount of perishable, time-sensitive, and valuable airfreight, including vaccines and blood products, that arrive and leave in the belly of planes on US Airways and American passenger flights.
August 7, 2014 |
George E. Westwood III, 60, a Philadelphia native who rose to the rank of captain in the Navy and served during the Gulf war and in Afghanistan, died July 28 after a long struggle with lung cancer. Mr. Westwood, who lived in Jacksonville, Fla., died during a visit to the Mayo Clinic in Jacksonville, said his daughter Mary Lena. He was born in Philadelphia and graduated from William Penn Charter School. He then attended Rollins College in Florida and graduated with a bachelor's degree in psychology.
August 7, 2014 |
Soon the only thing that might distinguish first class from economy travel on some shorter US Airways and American Airlines flights will be roomier seats, more leg room - and free cocktails. One more accoutrement of air travel is disappearing: the complimentary three-course meal in the "premium" cabin on many domestic flights. Starting Sept. 1, American, which recently merged with US Airways, Philadelphia's dominant airline, will offer snacks instead of a full meal in first class and business class on most flights of less than two hours and 45 minutes in duration.
July 26, 2014 |
U.S. airlines made money in the second quarter, beating analysts' expectations, as they flew fuller planes and garnered higher passenger revenue. American Airlines, which merged with US Airways in December, announced it would pay its first dividend since 1980, based on a record quarterly profit. The merged US Airways and American, which combined have more than 75 percent of the flights at Philadelphia International Airport, reported net income of $864 million, or $1.17 a share.
July 25, 2014 |
Delta Air Lines said Wednesday that its Trainer oil refinery in Delaware County produced a $13 million profit in the second quarter. Delta, the first U.S. airline to report earnings, posted a second-quarter profit of $889 million, or $1.04 a share, that beat analysts' estimates, driven by strong passenger demand and higher revenue from corporate contracts. Revenue rose 9.4 percent to $10.6 billion. "We will post even better results in the third quarter, with a forecast operating margin of 15 percent to 17 percent," Delta chief executive officer Richard Anderson said on a conference call.
July 24, 2014 |
TRAVELERS HOPING to jet off to Tel Aviv yesterday were forced to reschedule plans after airlines suspended service to the Israeli city in the wake of a reported rocket attack. US Airways, the only airline with a direct daily flight between Philadelphia and Tel Aviv, canceled Flight 797 to Philadelphia and Flight 796 to Tel Aviv. The cancellations were brought on by the news that a rocket from Gaza had landed near Tel Aviv's Ben Gurion International Airport. The Federal Aviation Administration issued a 24-hour ban on flights between the U.S. and Tel Aviv beginning at 12:15 p.m. yesterday.
July 19, 2014 |
It couldn't get any worse for Malaysia Airlines, still reeling from the disappearance of Flight 370 in March, when reports came Thursday that Malaysia Airlines Flight 17 crashed in Ukraine as it was flying from Amsterdam to Kuala Lumpur, Malaysia. At the very least, it's a marketing nightmare - two catastrophes for an airline in 41/2 months. What passenger, going forward, will book a flight on the government-run carrier, which until this year had a reputation for high levels of service and safety?
June 18, 2014 |
The 11,000 mechanics, fleet service, maintenance, and other ground workers at US Airways have reached tentative three-year contract agreements with management of newly-merged US Airways and American Airlines. The International Association of Machinists (IAM) negotiating committees unanimously endorsed the tentative agreements and recommended ratification, paving the way for joint collective bargaining with their American Airlines' counterparts at the Transport Workers Union (TWU)
June 7, 2014 |
American Airlines will break ground in the next 30 days to build a new center in North Texas to oversee daily flight operations of the combined American and US Airways which merged in December. American, in a letter to employees, said the flight operations center would be near the company headquarters and Dallas Fort Worth International Airport. "A new, state-of-the-art facility that can house all of our team members and the technology needed for our daily demands" is scheduled to open in the third quarter of 2015, the company said.