U.S. domestic airline industry generated losses in third quarter

The BTS reported for the third quarter 2005, that the domestic U.S. passenger airline industry operating margin, represented by 21 selected carriers, declined from a 0.4% profit margin in the second quarter of 2005 to a 2.0% loss margin in the third quarter. The seven largest regional airlines and the seven largest low-cost carriers each reported a domestic operating profit margin while the network carriers reported a smaller loss during the third quarter of 2005 than a year earlier. The group of regional carriers reported a domestic operating profit margin of 7.4% for the third quarter and the low-cost group Read more

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World Airways pilot union rejects final offer

World Airways said that the National Mediation Board (NMB) has released the company and its pilots, represented by the International Brotherhood of Teamsters (IBT), from the mediation process that began in January 2004. The NMB issued notice of the release Dec. 28, 2005, initiating a 30-day cooling-off period before either party can engage in self-help. Both the company and the pilots

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Delta pilots approve new agreement

Delta Air Lines pilots ratified an interim agreement that provides for a 14 percent hourly wage reduction and reductions in other pilot pay and cost items equivalent to approximately an additional 1 percent in pilot pay. The interim agreement will result in pilot cost reductions of approximately $143 million on an annualized basis. The agreement is effective as of Dec. 15, 2005, and will remain in effect while the parties seek to reach a comprehensive agreement. Under the terms of the interim agreement, the company and ALPA have pledged to commit their full resources to negotiate a tentative comprehensive agreement Read more

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Continental reached tentative agreement with flight attendants

Continental Airlines has reached agreement with the IAM covering the company’s flight attendants. Details of the agreement were not released. Results of the ratification process are expected in January 2006. The agreement between Continental Airlines and the IAM, along with previously announced pay and benefit reductions for other work groups, concludes the negotiation process with all Continental’s domestic employees.

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