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    Archived pages: 190 . Archive date: 2012-11.

  • Title: UNITED AIRLINES CHARGES
    Descriptive info: UNITED AIRLINES CHARGES.. Written by Administrator.. UNITED AIRLINES PARENT SEES $162M IN 1Q CHARGES.. Business Week, 19 April 2012.. USA: The parent of United Airlines said on Thursday that costs from a big computer integration last month and other items brought $162 million in special charges during the quarter.. The items include $134 million for integration-related costs.. United and Continental airlines merged into United Continental Holdings Inc.. in 2010.. In early March they switched over to a combined passenger information computer system and frequent-flier program.. The switch prompted a flood of passenger complaint calls, forcing United to add staff and pay overtime in its call centers.. On  ...   United has been reducing average wait times.. The other charges included $49 million for voluntary severance and benefits.. United said 400 mechanics volunteered to retire early and get a cash payment tied to their years of service with the airline.. And 1,800 flight attendants volunteered to go on leaves of absence.. The airline also had gains from selling six planes and its interest in a crew hotel in Hawaii during the quarter.. United Continental Holdings Inc.. is set to report first-quarter results on April 26.. On Thursday, shares of the Chicago-based company rose 64 cents, or 2.. 8 percent, to close at $23.. 34.. Facebook Comments (.. )..

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  • Title: SOUTHWEST AIRLINES EXPAND
    Descriptive info: SOUTHWEST AIRLINES EXPAND.. SOUTHWEST AIRLINES TAKES MAJOR STEP TO EXPAND INTERNATIONALLY.. The Wall Street Journal, 19 April 2012.. Southwest Airlines Co.. announced a major step Thursday in the Texas carrier s efforts to expand internationally.. Southwest which has been struggling to integrate AirTran Airways and has been locked in a fight with United Continental Holdings Inc.. UAL +2.. 82% over plans to add international service to Houston s smaller airport said Thursday it will add a global reservations system by Amadeus IT Group SA.. The deal will let Southwest offer international flights by 2014.. AirTran already flies to Mexico and the Caribbean.. Meanwhile, the company announced a first-quarter profit of $98 million, buoyed by $116 million in fuel-hedging gains.. Southwest earned $5 million in the first quarter of 2011, before it acquired AirTran in May 2011.. The company declined to disclose its pro forma combined net income for a year ago—what Southwest and AirTran would have earned together, a truer year-over-year comparison.. Southwest, which began as a small Dallas-based budget airline three decades ago, has been eyeing a spot among the giants of the global airline industry.. But in its merger with AirTran, the company has hit some snags in rebranding airplanes and connecting Southwest and AirTran flights in its reservations system.. It encountered problems earlier this year when converting several AirTran flights in Atlanta to Southwest.. Eventually the airline reversed course, keeping the flights on the AirTran network.. The airline plans to convert 11 AirTran planes to Southwest this year, and about another 60 next year.. It also plans to eliminate some of AirTran s bag fees and assigned seating.. "There will be radical changes on an on-going basis," Southwest Chief Executive Gary Kelly said Thursday.. "Ultimately it will  ...   line up: physically on the airline side, and next, all the technology that connects our two networks.. As Southwest expands into an international carrier, it must find airports for its new routes abroad.. Its first target is Houston s William P.. Hobby Airport, where Southwest wants to add about 25 international flights a day.. Southwest is seeking approval for a new $100 million international concourse at the airport—funded by user fees—despite fierce objections from United, the world s largest airline by traffic.. United is lobbying city officials against the plan, saying it will hurt business at Houston s George Bush Intercontinental Airport, where it operates about 100 international flights a day.. United, which includes the former Houston-based Continental Airlines, says that if Southwest s plan is approved, it would likely have to cut flying by 6% from Houston and relocate 1,300 employees from there.. A United spokeswoman said in a statement, "We embrace international competition and welcome all new competitors" at Bush Intercontinental.. Mario Diaz, director of Houston s airport system, has endorsed Southwest s expansion plan, saying in a letter to Houston s mayor that it would create 10,000 jobs and generate $1.. 6 billion annually for the city.. In the letter, he said, "United has presented no persuasive data to support its claims," calling them "at odds with its actions at every other airport where it has faced low-cost competition.. In a letter to the mayor, United Chief Executive Jeff Smisek called a city-ordered study on the plan "rushed and flawed," and on Monday, Houston s city council was similarly critical of the plan.. On May 8, both airlines will present their cases to the city council, which is scheduled to vote on the plan a week later..

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  • Title: GOAIR EXPECTS PROFIT THIS YEAR
    Descriptive info: GOAIR EXPECTS PROFIT THIS YEAR.. GOAIR EXPECTS TO MAKE PROFIT THIS YEAR.. Live Mint, 20 April 2012.. India: Budget airline GoAir expects to reverse last year’s losses and swing to a profit this year, buoyed by 80% flight occupancy through combining lower fares with better efficiency.. The profit margin this fiscal is likely to touch that in 2010-11, the first time the seven-year-old company made a profit, chief executive Giorgio De Roni said before a press conference announcing the launch of GoAir’s Chennai services.. The unlisted firm doesn’t make its earnings public.. Chennai will be the 22nd destination for GoAir—run by Go Airlines (India) Ltd— and will contribute to 10% of the company’s business, De Roni said.. “This is a turbulent time for our sector but our focus is on profitability and plying 5 million passengers this year through 35,000 flights,” said De Roni, who headed Air One, an Italian private airline with more than 60 planes and a turnover of $1 billion, before joining GoAir last year.. “We are not here for the short run.. We are here to stay.. ”.. De Roni’s projections are higher than the Mumbai-based carrier’s 2011-12 numbers of 4 million passengers and 30,000 flights that failed to sustain profits because of higher fuel costs and a weak rupee.. “A marginal downtrend in crude oil prices and a possibility of importing jet fuel could help  ...   is now operating 120 flights a day with 20 planes, or one-third its year-ago levels.. Kingfisher logged the smallest market share in the industry at 6.. 4% in March, down from nearly 20% a year ago.. GoAir’s market share rose to 7.. 5% from 6.. 8% in the same period, according to data provided by the Directorate General of Civil Aviation.. De Roni said GoAir will return to profit this year but refused to give a number.. Last June, promoter Jehangir Wadia, the younger son of Wadia Group chairman Nusli Wadia, said GoAir’s 2010-11 profit after tax rose 7%, operating margin 15.. 7% and operating profit 13.. 7%.. He didn’t give details.. GoAir’s upbeat outlook comes amid a slowdown in passenger demand, which rose just 1.. 1% year-on-year to 4.. 87 million passengers in March, the third month of single-digit growth following 16 months of double-digit jumps between September 2010 and November 2011, according to consulting firm Centre for Asia Pacific Aviation.. Last year, GoAir announced an order for 72 Airbus SAS A320neos.. The $7.. 2 billion booking marked the airline’s intent to join larger rivals such as IndiGo—India’s largest low-cost carrier and the only profitable airline.. GoAir is controlled by the diversified Wadia Group, which also controls Bombay Dyeing and Manufacturing Co.. and Britannia Industries Ltd.. The group’s other business interests include textiles, chemicals, plantations, engineering and real estate..

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  • Title: AMERICAN AIRLINES TAKEOVER
    Descriptive info: AMERICAN AIRLINES TAKEOVER.. UNIONS AT AMERICAN AIRLINES PLAN TO BACK TAKEOVER BID FROM RIVAL US AIRWAYS.. Washington Post, 20 April 2012.. USA: Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation.. The unions believe that combining with US Airways would give American the best chance to grow and preserve jobs, said the two, who spoke on condition that they not be identified because no decision has been announced.. An announcement by the unions is possible as early as Friday morning, they said.. A spokesman for American said Thursday that the company is focused on its own plan to reorganize under bankruptcy protection, which he called the best option for the airline’s 73,000 employees.. US Airways Group Inc.. , based in Tempe, Ariz.. , declined to comment.. It has previously confirmed hiring advisers to consider a bid for American’s parent company, AMR Corp.. , based in Fort Worth, Texas.. AMR filed for bankruptcy protection in November and has since outlined plans to cut more than 14,000 jobs, including 13,000 held by union members.. On Thursday, the company reported a $1.. 66 billion loss for the first quarter, mostly on bankruptcy-reorganization costs.. On Monday in New York, AMR is scheduled to begin presenting its case for throwing out union contracts and imposing new pay, benefits and work rules.. A federal bankruptcy judge is expected to rule on the request in early June.. Unions for American’s pilots, flight attendants and ground workers have been discussing supporting a takeover bid  ...   committee backed Delta’s plan to remain independent.. US Airways executives have said that one lesson they learned from the failed Delta bid was the need for support from labor at the target airline.. Reports have swirled for weeks that US Airways was meeting with AMR creditors.. AMR CEO Thomas Horton referred to the situation in a letter to employees Thursday.. “There continues to be much takeover speculation in the press fuelled by those who seek to serve their own agendas,” Horton wrote.. “I expect this to continue and to escalate.. AMR spokesman Bruce Hicks said the company is in the middle of a complex restructuring process to return to profitability and find “the very best path forward for all of its stakeholders.. Horton has opened the door to merger talks, but only after AMR emerges from bankruptcy protection.. The unions, however, have signalled their lack of confidence in Horton’s reorganization plan, which includes short-term cuts but promises long-term growth.. They question whether American can catch up to bigger rivals United and Delta without a merger.. Last week, the Allied Pilots Association, the Association of Professional Flight Attendants and the Transport Workers Union took the unusual step of criticizing elected officials who came to AMR’s defense.. Oklahoma Gov.. Mary Fallin and U.. S.. Sen.. Kay Bailey Hutchison, R-Texas, said that AMR should be left alone while it reorganizes and not become the prey in a hostile takeover.. But the presidents of the three unions said that in looking out for their members’ interests, “we must exercise due diligence and examine every possibility..

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  • Title: Russian Aircraft Vanishes
    Descriptive info: Russian Aircraft Vanishes.. Russian Aircraft Vanishes From Radar During Promotional Flight.. MOSCOW — A demonstration model of Russian passenger jet vanished from radar screens and lost contact with ground controllers Wednesday during a flight in Indonesia for airline representatives and journalists that was meant to promote sales of the aircraft.. A Sukhoi Superjet 100 taking part in the 48th Paris Air Show on June 17, 2009.. A Russian Sukhoi plane with 46 people on board has gone missing over Indonesia, officials said on May 9, 2012.. The plane departed from Halim airport in Jakarta, and was to land there, but vanished from radar screens and lost contact with ground controllers.. Russian and Indonesian authorities confirmed the loss of contact with the crew of the airplane, the Superjet 100 manufactured by Sukhoi, Russia’s major aircraft company, during a flight that departed from Halim airport in Jakarta, the Indonesian capital, and was to return to the same location 50 minutes later.. The Russia Today news Web site said that 50 people were aboard the plane, including eight Russians and 36 citizens from other countries, mostly airline representatives interested in buying it.. The Superjet 100 is the first newly designed passenger jet made in Russia since the collapse of the Soviet Union.. The plane vanished soon after the pilot requested permission to descend, a spokesman for the Russian Embassy in Indonesia told the Interfax news agency.. The agency also cited an unidentified spokesman for the Russian Transportation Ministry saying that a preflight check had turned up nothing suspicious, a standard assurance offered by Russian transportation authorities after mishaps.. “The plane was absolutely flightworthy,” the spokesman said.. Gagah Prakoso, a spokesman for Indonesia’s national search and rescue service, said the plane disappeared from radar around Bogor, a mountainous area about 50 miles south of Jakarta, and that 200 police officers and rescue workers were sent to the area to search.. “We are still looking for it and we are uncertain whether it crashed,” he was quoted by Agence France-Presse as saying.. Much of Russia’s hopes of reviving its commercial  ...   short-hop jets made by its main competitors, Embraer of Brazil and Bombardier of Canada.. The Superjet is Sukhoi’s only commercial product.. Eight of the planes are in service now, and the company has said it has orders for 200 more; it hopes to sell about 1,000 of the planes over the next two decades and to secure a 20 percent share of the global market for jets in the 100-seat category, which Embraer and Bombardier now dominate.. But the Superjet seemed afflicted with safety lapses from early on.. When it entered commercial service last year with Aeroflot, Russia’s national airline, the first plane was promptly grounded because of a sensor that detects leaks in the pipes that funnel fresh air into the cabin had broken down.. As the jet entered production, the Russian television station NTV reported that 70 engineers at the plant making the Superjet had obtained fake engineering diplomas by bribing a local technical college.. Sukhoi said those employees were not directly involved in assembling the planes.. Also of concern for prospective buyers, the finished planes turned out to weigh two tons more than the initial estimates that were presented to airlines, based on engineering designs.. The extra weight hurts the aircrarft’s fuel economy, making them less attractive.. Sukhoi has said such deviations are typical for new aircraft.. Last week Sukhoi began a six-nation road show of presentations to Asian airline executives about the plane, and it had already made stops in Kazakhstan, Myanmar and Pakistan.. Wednesday’s flight in Indonesia was to have been followed by visits to Laos and Vietnam.. Russian aviation has had a particularly rough time in recent years.. About 400 people died in Tupolev jet crashes in Russia and Ukraine in 2006.. Last year, a Tupolev Tu-134 crashed while approaching a provincial airfield, killing most of the 52 people aboard, and a Yakovlev jet chartered by the Lokomotiv hockey team crashed in Yaroslavl, killing most of the team.. The latest lethal crash in Russia, in April, involved a French-made turboprop airplane on a short-hop flight in Siberia.. Source nytimes.. com..

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  • Title: London Olympics pulling up hotel rates
    Descriptive info: London Olympics pulling up hotel rates.. London, Olympics are pulling up the hotel rates.. Three months before the Olympics, the prices of hotel rooms in London are rising dramatically.. According to an analysis done by Hotels.. com hotel in the capital’s market , where the Games will be held from July 27 to August 12, the average tariff would be increased by 97 percent over last year, reaching during the Olympic days, 255 euros per room per night.. "The interest is high for the Olympics in Italy - says in  ...   compared to the first three months of 2011.. By comparing the searches of hotels in London, carried out between January and March 2012 over the same period last year - Hotels.. com notes - was found an average increase, worldwide, 86 percent, with peaks of 300 percent in searches by the Chinese.. In outlying areas of London, however, the rooms would be at more affordable prices.. Suburbs such as Crawley, Stevenage and Dunstable, connected with trains to the city center.. According to Hotels.. com, although reservations were growing.. Source TTG Italy..

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  • Title: Hotel Investment Conference in Dubai
    Descriptive info: Hotel Investment Conference in Dubai.. Arabian Hotel Investment Conference gets underway in Dubai.. A line up of the brightest hospitality minds in the world have gathered in Dubai for the Arabian Hotel Investment Conference, which is taking place at the Madinat Jumeirah and will tackle some of the key themes on people’s minds.. The post Arab Spring investment climate and opportunities for Middle East investors in core Western European markets will be among topics discussed at the forum, which is organised by Bench Events.. “Europe’s worsening debt crisis will tempt investors from oil-exporting Gulf states, flush with petrodollars, to broaden their search for bargains.. “The capital markets in Europe are extremely tight, banks are struggling to raise enough cash to cover their own liabilities let alone lending to others,” commented Richard Thompson, editor, MEED.. “This is naturally leading to an increase of distressed real estate assets in Europe and in the case of hotels, many offer yields that outperform other property investments and are coming to market well below their peak market values, as prices remain subdued,” added Thompson.. A good example of that was the recent purchase of the prestigious Carlton Hotel in Cannes on the French Riviera, which was sold for EUR 450 million to Qatar based investor Ghanim Bin Saad Al Saad.. That figure was significantly lower than the EUR 634 million that Morgan Stanley paid for the Carlton in 2006.. The Qatar investor is also interested in other properties of the Intercontinental chain including those in Vienna, Frankfurt, Budapest, Rome, Amsterdam and Madrid.. Speakers at this year’s AHIC event include H.. E.. Enrique Meyer, Minister of Tourism, Argentina; Tarik Senhaji, Chief Executive Officer, Moroccan Fund for Tourism Development and Kevin Wallace, General Manager, Hospitality Investment and Development Dutco Group and CEO, Jebel  ...   increasing focus on hotel acquisitions is the latest in a series of Gulf-wide investments in European assets,” commented Jebel Ali International Hotels’ Wallace.. Elsewhere in the Gulf, Abu Dhabi’s flagship carrier Etihad Airways recently raised its stake in Air Berlin to nearly 30 per cent as it continues its aggressive expansion plan.. One of Abu Dhabi’s most high profile European acquisitions remains Manchester City Football Club.. Held under the patronage of HH Sheikh Ahmed Bin Saeed Al Maktoum, President Dubai Civil Aviation Authority, Chairman Dubai Airports and Chairman and Chief Executive, Emirates Airline & Group, organiser MEED Events in partnership with Bench Events has put together a three-day programme designed to explore the outlook for hotel investment in the Middle East’s changing landscape.. The Middle East reported positive results in the three key occupancy performance measurements in 2011 despite the Arab Spring, according to industry consultants STR Global, although performances in individual countries differed greatly.. Occupancy rose by 3% to 62.. 3%, revenue per available room (RevPar) increased by 4.. 1% to US$125.. 66 while average daily rates increased 1.. 1% to US$201.. 66.. Following 12 months of unrest in parts of the Arab world, investment opportunities post Arab Spring will be the main topic of discussion at this year’s AHIC event.. AHIC will hold sessions that focus on individual case studies.. Experts who will discuss Egypt, one of the MENA’s most important markets, include Samih Sawiris, Chairman, Orascom Development Holding.. Industry players will also look at Saudi Arabia and the challenges of developing and operating in the holy cities of Mecca and Medina.. On Monday evening the World Travel Awards will host its Middle East Awards Ceremony in Dubai, honouring those tourism organisations and professionals who have continued to shine during turbulent times.. Source breakingtravelnews..

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  • Title: Costs drag down United Continental
    Descriptive info: Costs drag down United Continental.. Integration costs drag down United Continental Holdings.. United Continental Holdings has reported a first-quarter 2012 net loss of $286 million or $0.. 87 loss per share, excluding $162 million of net special charges consisting primarily of integration-related costs.. Including special charges, UAL - which operates United and Continental Airlines - reported a first-quarter 2012 net loss of $448 million or $1.. 36 loss per share.. UAL first-quarter consolidated passenger revenue increased 5.. 5 percent year-over-year.. First-quarter consolidated passenger revenue per available seat mile (PRASM) increased 5.. 2 percent compared to the same period in 2011.. First-quarter consolidated fuel expense increased 20.. 8 percent, or $557 million, year-over-year.. Consolidated  ...   with $7.. 8 billion in unrestricted liquidity.. UAL converted to a single passenger service system, a single website and a single loyalty program on March 3rd, 2012.. “This was a difficult quarter, but we made significant progress with our integration and we’re now able to serve our customers as a single airline,” said Jeff Smisek, UAL’s president and chief executive officer.. “I want to recognise my co-workers for their hard work during a challenging time, and thank our customers for their continuing support.. “We are now on the steep back slope of our integration and can look forward to delivering more benefits from the merger in the remainder of the year.. ”.. Source breakingtravelnews..

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  • Title: Industry leaders tackle visa problems
    Descriptive info: Industry leaders tackle visa problems.. Industry leaders unite to tackle visa problems.. The leaders of the travel and tourism industry attending the World Travel&Tourism Council’s (WTTC) 12th Global Summit in Tokyo, Japan, actively committed to work together to have governments improve visa-entry procedures and systems in order to stimulate travel demand and create jobs.. By taking this action, the leaders from different sectors of the industry and regions agreed to speak with one voice to governments around the world compelling them to find better ways to balance the needs of sovereign security and the capacity of tourism to generate economic growth.. Led by a core group on stage and supported by senior members of the industry from within the audience, the WTTC Global Summit  ...   with aviation as the enabler for connectivity and access to markets.. The travel and tourism industry today represents as much as 9 percent of global GDP and employs 255 million people worldwide.. As such, encouraging governments to take steps to improve visa procedures as an effective means to increase the flow of travelers and thus wealth, was identified as a priority focus for the newly-formed Travel Association Coalition - a collaboration between global tourism bodies to coordinate messaging and activities across the different tourism sectors.. Complicated, lengthy, and often expensive, visa processes are common across the world, with frequent vast differences in requirements for procedures and documentation.. The industry leaders and the Tourism Ministers recognized how this brings constraints to prospective travelers.. Source Breakingtravelnews..

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  • Title: WTTC Global Summit 2012
    Descriptive info: WTTC Global Summit 2012.. WTTC Global Summit 2012: Tourism now larger industry than automotive manufacturing.. The global Travel & Tourism industry is double the size of automotive manufacturing and roughly one-third larger than chemicals manufacturing, according to the latest research released by the WTTC at the WTTC 12th Global Summit in Japan.. The travel sector’s direct contribution to world GDP of US$2 trillion (2.. 8%) is more than double the GDP of automotive manufacturing  ...   roughly the same GDP as the global education and communications sectors, and about half that of the global banking and financial services industry.. The sector’s total contribution to world GDP of US$6.. 3trillion (9.. 1%) in 2011 compares with 8% contribution of automotive manufacturing and mining.. Travel & Tourism directly contributes more to GDP than automotive manufacturing in every region of the world, three times more in the Americas and twice as much in Europe..

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  • Title: Iata angers agents
    Descriptive info: Iata angers agents.. Apr 19, 2012.. Iata angers agents with bid to use their data by stealth.. Agents have accused international airlines trade group Iata of trying to obtain permission to use their data “by stealth” as their deadline to respond to its request looms.. Iata has written to 12,000 agents across Europe asking for their go-ahead to use their agency details and sales data in its own products, which could be made available via third parties.. However, agents are unhappy that Iata sent a communication via BSP, the system used by agents to pay Iata airlines, instead of writing to agency bosses.. If agents do not respond within  ...   without consent.. Iata wants to use the data in its market intelligence products PaxIS and Direct Data Service.. Anne Godfrey, chief executive of the Guild of the Travel Management Companies, said: “This is not best practice in terms of communication.. BSP goes to somone different in each agency – this communication should have gone to someone senior.. And it is unacceptable that silence equals consent.. Ken McLeod, corporate director at Advantage, said: ”We’re not happy about [Iata’s request] because there was not enough detail on what data they want to use and where it will be used.. Travel Weekly was unable to obtain a response from Iata.. travelweekly.. co.. uk..

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  • Archived pages: 190