Mesa Air Group profit doubled

Mesa Air Group, Inc. announced 4th quarter after tax earnings of $15.0 million on operating revenues of $309.1 million. Total operating revenues for the fourth quarter of 2005 increased $49.1 million, or 18.9%. Net income for the 4th quarter was $15.0 million, compared to net income of $10.7 million for the same period of fiscal 2004. Year-to-date net income was $56.9 million on operating revenues of $1.1 billion. Total operating revenues for 2005 increased $239.5 million, or 26.7%, primarily the result of year-over-year increases in the regional jet fleet. Net income for the year were $56.9 million compared to net Read more

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Iberia's third quarter operating profit increases 257% to 393.6 million euros

In the third quarter, Iberia posted net earnings of 372.5 million euros, which was 285 million euros more than the 87.5 million recorded in the same quarter last year.Operating profits came to 393.6 million euros, representing a 257% increase from same-2004. In the first nine months of the year Iberia posted consolidated net earnings of 401.8 million euros, up 167.8% from the same period of last year. Operating profits, which do not include non-recurring items, came to 109.2 million euros in the first three quarters of 2005, which was 33.5 million euros or 23.5% less than the figure for the Read more

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bmi group restructures engineering functions

The bmi group announced a restructuring of its engineering functions in a move that will create three fleet-specific engineering and maintenance bases to serve the three operating units within the group. From March 2006, bmi will consolidate all of its Airbus aircraft fleet maintenance and engineering at the airline’s main operating base at Heathrow. At the same time bmibaby will focus its main engineering capability for its Boeing fleet at its home base of Nottingham East Midlands Airport. bmi regional will continue to conduct all maintenance and engineering for its Embraer fleet at its Aberdeen base, as now.

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Delta reaches agreement with its flight superintendents

Delta Air Lines has reached agreement with its Flight Superintendents, represented by the Professional Airline Flight Control Association (PAFCA). The PAFCA agreement, ratified by its 171 members y, includes a 9-10% wage reduction and benefits changes similar to those being implemented across Delta

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US Airways and America West pilots kick-off negotiations with management

The pilots of America West and US Airways began talks on a Single Agreement with US Airways management. Both pilots groups are represented by the Air Line Pilots Association, International. Each pre-merger pilot group is currently governed under its own collective bargaining agreement. The Single Agreement is one of three steps that must be completed before the US Airways and America West pilots can conduct common operations. Other steps include achieving an integrated seniority list and obtaining a single FAA operating certificate in order to conduct common operations.

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Boeing and SPEEA reach tentative agreement on contract offer for engineers and technical employees in Puget Sound and Portland

Boeing reached tentative agreement with the Society of Professional Engineering Employees in Aerospace (SPEEA) on a new three-year contract offer covering nearly 18,000 engineering and technical employees in Washington and Oregon. SPEEA is recommending employees ratify the contract.

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Embraer delivers $110 million profit

Embraer recorded in the third quarter of 2005 net sales of $1,064 million and net income of $110.2 million. At the end of the quarter, the firm order backlog totaled $10.4 billion. This quarter, the Company generated positive net cash provided by operating activities of $379 million, a reflection of lower inventory and accounts receivable levels. In addition, the Company reversed its net debt position of $228 million at the end of 2Q05 to a net cash position of $97 million at September 30, 2005.

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