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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U.S. Department of Transportation proposed new foreign ownership rules

The U.S. Department of Transportation proposed new rules to help US airlines to raise foreign money. U.S. airlines would have more opportunities to obtain financing from investors under a new rule announced today by U.S. Secretary of Transportation Norman Y. Mineta. The proposed rule would allow international investors more say in some aspects of airline operations, but retain current domestic ownership and labor protections in U.S. airlines, Mineta said. The notice of proposed rulemaking would allow global investors more input in marketing, routing and fleet structures. However, the proposal would ensure current protections guaranteeing that U.S. citizens own at least Read more

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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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Southwest Airlines flew 5.1 billion revenue passenger miles in October

Southwest Airlines Co. announced that the Company flew 5.1 billion revenue passenger miles (RPMs) in October 2005, compared to 4.5 billion RPMs flown in October 2004. Available seat miles (ASMs) increased 8.2 percent to 7.3 billion from the October 2004 level of 6.8 billion. The load factor for the month was 70.4 percent, compared to 66.6 percent for October 2004. For the ten months ended October 31, 2005, Southwest flew 50.2 billion RPMs, compared to 44.8 billion RPMs for the same period in 2004. Available seat miles increased 11.6 percent to 70.7 billion from the 2004 level of 63.4 billion. Read more

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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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