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Airline Finance / Data News Archive

Airline Finance / Data News Archive

Bankruptcy court approves Delta DIP loan to Pinnacle
Aaron Karp
May 21, 2012

A US bankruptcy court approved Delta Air Lines’ (DL) $74.3 million in debtor-in-possession (DIP) financing for Pinnacle Airlines Corp., a significant provider of regional service for DL.

New airline in Ivory Coast to launch in July
Anne Paylor
May 21, 2012

The West African state of Ivory Coast will again have its own airline this summer, when Air Cote D’Ivoire launches regional services in July.

Delta trims capacity on transatlantic routes
Christine Boynton
May 21, 2012

Delta Air Lines (DL) said will cut capacity by 5% on transatlantic routes in the fourth quarter as a “proactive measure” against high fuel costs and a weakening euro. It will also reduce Pacific capacity by 1%-2%.

Hawaiian tops DOT’s March on-time report
1
Linda Blachly
May 21, 2012

US carriers’ on-time performance (OTP) in March improved over the same period a year ago, but was worse than February’s report.

Chinese carriers see 46% profit drop in April
Katie Cantle
May 18, 2012

Chinese carriers earned a collective profit of CNY1.84 billion ($290.5 million) in April, down 46%, from a net income of CNY3.4 billion in the year-ago month.

Air Berlin narrows 1Q loss to €102.9 million
Kurt Hofmann
May 18, 2012

Oneworld member Air Berlin (AB), Germany’s second largest carrier, reported a first-quarter net loss of €102.9 million ($132.4 million), narrowed from a loss of €120.6 million in the year-ago quarter.

Air Pacific to rebrand, return to Fiji Airways
1
Christine Boynton
May 18, 2012

Fiji’s national carrier Air Pacific (FJ) has announced it will rebrand as part of its restructuring efforts, returning to the name Fiji Airways, under which it operated from 1958-1970.

People
May 18, 2012

MTU Aero Engines Holding AG has named Melanie Wolf as head of press and PR, succeeding Odilo Mühling, who retires May 31. Wolf joins MTU from Eurocopter where she served as spokesperson.

PASSUR Aerospace promoted Tom White to EVP-ops, and Renee Alter to VP-airports. It also hired Bill Leber as VP-air traffic innovations.

Gulf Air bailout plan rejected
4
Alan Dron
May 17, 2012

Gulf Air (GF) is awaiting the result of deliberations in the upper house of Bahrain’s National Assembly after the lower house rejected a government proposal to recapitalize the beleaguered national carrier.

EADS swings to €133 million 1Q profit
2
Aaron Karp
May 17, 2012

Airbus parent EADS reported first-quarter net income of €133 million ($170.4 million), turned around from a €12 million net loss in the 2011 March quarter, on a 16% rise in revenue to €11.4 billion.

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