Northwest Airlines reaches agreement on temporary labor cost savings with pilots and flight attendants

Northwest Airlines reached interim labor cost savings agreements with the Air Lines Pilots Association (ALPA) and the Professional Flight Attendants Association (PFAA). The ALPA Master Executive Council agreed to temporary pay and other reductions of $215 million on an annualized basis and PFAA leaders agreed to cuts of $117 million. The ALPA agreement is subject to membership ratification. Northwest also confirmed that it has reached tentative agreements on permanent wage and benefit reductions with employees represented by the Aircraft Technical Support Association (ATSA) and the Northwest Airlines Meteorology Association (NAMA). The airline hopes to reach an agreement with the Transport Read more

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American Eagle Airlines reports October traffic

American Eagle Airlines reported systemwide traffic for October increased 21.2% from October 2004, on a capacity increase of 16.3%. System load factor was 72.5% (69.6% in 2004). The airline reported 721 million RPM (595 in 2004). American Eagle boarded 1.7 million passengers in October, up 9.8% from October 2004.

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American Airlines October traffic grew 1.5% year over year

American Airlines reported an October load factor of 77.1% (74.9% in 2004). Traffic grew by 1.5% year over year, on a 1.5% reduction in capacity. The airline reported 10,873 million RPM (10,717 in 2004). International traffic increased by 4.4% relative to last year, on a capacity increase of 4.7%. Domestic traffic was essentially flat compared with last year despite a 4.6% reduction in capacity. American boarded 7.7 million passengers in October.

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Northwest Airlines reports 82.9% load factor in October 2005

Northwest Airlines announced a systemwide October 2005 load factor of 82.9%, 2.6 points above October 2004. Northwest flew 5.9 billion revenue passenger miles (RPMs) and 7.1 billion available seat miles (ASMs) in October 2005, a traffic decrease of 4.0% and a capacity decrease of 6.9% versus October 2004.

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Ryanair Dublin pilots each receive EUR50,000 share option windfall

Ryanair confirmed that many of its Dublin pilots will exercise share options which at the current share price have a profit of approx. EUR50,000 each. These share options (which formed part of the 5 year pay, benefit and share option scheme collectively negotiated directly between the Dublin pilots and the airline in November 2000) fall due to be exercised at the end of November. The total value of the shares held by each qualifying pilot under the scheme are presently valued at over EUR175,000.

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