WestJet's third quarter earnings increase 43%

WestJet, Canada announced its 2005 third quarter results with net earnings up 43.6% to CDN$30.3 million compared to CDN$21.1 million achieved during the same period last year. In the first nine months of 2005, the airline achieved net earnings of CDN$23.0 million compared to CDN$29.1 million during the first nine months of 2004. Operating revenue increased 30.9% this quarter to CDN$406.1 million from CDN$310.3 million attained in the third quarter last year. Year to date, operating revenue grew to CDN$1.0 billion, an increase from CDN$784.3 million during the same period in 2004.

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CAE's revenues increased by 19%

CAE today reported financial results for the second quarter ended September 30, 2005. Earnings from continuing operations were $17.8 million, or $0.07 per share, which compares to second-quarter earnings of $12.8 million or $0.05 per share in the prior fiscal year. All financial information is in Canadian dollars. Excluding non-recurring items, earnings from continuing operations for the quarter were $0.08 per share, which on the same basis compares to $0.05 in the second quarter last year. Consolidated revenues from continuing operations increased 19% to reach $280.3 million, compared to $235.1 million in the second quarter last year.

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Northwest still hopes to reach out of court agreement with unions

Northwest Airlines filed an 1113(c) motion with the bankruptcy court on October 12 to secure labor cost savings if the company and its unions do not achieve consensual agreements (as previously reported).Northwest has been in discussions with The Air Lines Pilots Association (ALPA), The International Association of Machinists and Workers (IAM), and The Professional Flight Attendants Association (PFAA) regarding the possibility of extending the deadline for the Section1113(c) hearing to mid-January in order to allow all parties more time to reach consensual labor cost saving agreements. In light of Northwest

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Boeing and Ariana Team Up for Airline's Renewal

Ariana Afghan Airlines and Boeing have finalized a fleet renewal plan that includes the lease of two 757-200s from Boeing Capital Corporation, as well as the direct purchase of four Next-Generation 737-700 airplanes that the airline will receive beginning in 2009. The agreement also includes an advanced training package for Ariana’s flight and cabin crews and maintenance and engineering staff to begin training for the 757-200s, that will be delivered later this month. Ariana currently owns three Airbus A300/B4, four Boeing 727-200 Advance Series, and one Antonov 24.

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Lufthansa Technik to supply cockpit systems for Airbus freighter

Lufthansa Technik will continue to provide engineering services for cockpit systems to be installed in FedEx cargo aircraft conversions during the next three years. The American company has the world’s biggest fleet of cargo aircraft and the work will be undertaken by EADS Elbe Flugzeugwerke of Dresden. After delivery of its 100th Airbus, an agreement was signed for the standardization, technical upgrades and certification, of uniform modern cockpit systems for additional Airbus A300 and A310 cargo aircraft, in conjunction with Lufthansa Technik engineers.

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AirTran Airways Reports Record October 2005 Traffic

AirTran Airways reported record traffic for the month of October 2005. Revenue passenger miles, available seat miles, load factor and enplaned passengers all represent records for the month of October. AirTran Airways’ traffic, measured by revenue passenger miles (RPMs), grew by 35.2%, to more than 968 million RPMs, on an increase of 25.4% in capacity, based on available seat miles (ASMs). October’s load factor increased to 73.1%, compared to 67.8% in October 2004.

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