Archived Articles -- October 2008
Ailing Greek Olympic Airlines’ Workers Protest Sale Of Airline
Hundreds of workers at Greece’s debt-ridden Olympic Airlines have held a peaceful protest in Athens against government plans to privatize the carrier. An estimated 500 people took part in the protest at the transport ministry. This month, the EU approved Greece’s plan to break up and fully privatize... [Read More]
AMR Corporation Reports Third Quarter Profit
AMR Corporation, the parent company of American Airlines, Inc., today reported a net profit of $45 million for the third quarter of 2008, or $0.17 per diluted share.
The results for the third quarter of 2008 include the impact of several special items. The Company recorded a $432 million gain fr... [Read More]
Continental Airlines Announces Third Quarter Loss
High fuel prices and Hurricane Ike hampered quarterly results; company modifies Boeing delivery schedule.
Continental Airlines today reported a third quarter 2008 net loss of $236 million ($2.14 diluted loss per share). Excluding $91 million of previously announced special items, Continent... [Read More]
Drunken Passenger Attempts Hijacking Of Turkish Airlines Jet
A drunk passenger tried to hijack a Turkish Airlines flight to Russia Wednesday before being brought under control, the head of Turkey’s civil aviation authority has said. The flight – which originated in the southeastern Turkish city of Antalya – was scheduled to land on time in St. Petersburg at 3... [Read More]
Fights Over New York City Flight Restrictions Continue
With barely a month left before the US Presidential election, today the Bush administration escalated a bitter fight with airlines on Thursday October 9 by pushing ahead with a plan to auction off takeoff and landing rights at New York City area airports despite key congressional opposition and an i... [Read More]
More Than 30 Passengers Injured By Turbulence On China Airlines Flight
At least 32 people were injured Thursday after a China Airlines flight from Hong Kong to Bangkok encountered severe turbulence, a Thai airport official said. Most of those hurt aboard flight CI-641 from Hong Kong suffered minor cuts and bruises, but two had spine injuries, a hospital spokesman said.... [Read More]
Port Authority Says Bush Administration Wrong To Press For Auctions
The Port Authority today reiterated its opposition to the FAA’s continued plan to move forward with auctioning off airline slots at the New York metropolitan area airports despite near-unanimous opposition from elected officials, airlines, and passenger advocates, and a ruling from the independent U... [Read More]
QANTAS Announces A380 Delivery Date
Premiere Australian airline QANTAS announced that it took delivery of its first Airbus A380 aircraft on September 19, 2008, in preparation for that aircraft’s visit to the US on October 20, 2008 as part of a new era of jetliner luxury. The first jumbo A380 to land in the US occurred in March, 2007,... [Read More]
Sun Country Employees Face Temporary 50% Pay Cuts
Facing one of the slowest travel seasons of the year with little money coming in, Sun Country Airlines told workers on Monday it would cut their pay in half beginning next week and reimburse them in 2009. But the carrier’s two large unions – representing pilots and flight attendants – haven’t endors... [Read More]
The Flight of Voyager - Pioneer Pilots Dick Rutan and Jeana Yeager
What is a “pioneer?” A groundbreaker? One of spirit, character and keen insight, embarking on unchartered roads and new territory? If that is indeed the case, then pilots Jeana Yeager and Dick Rutan certainly fit such a definition, as it was the two of them who single-handedly circumnavigated the... [Read More]
THOUGHTS ON DEMOCRACY Art Exhibit Now On Display At MIA
The Division of Fine Arts and Cultural Affairs at Miami International Airport announces Thoughts on Democracy, an innovative initiative on display at the airport for the next six months that brings together 60 renowned contemporary artists and designers to present original works inspired by Norman R... [Read More]
Thousands Stranded as XL Airways Shuts Down
XL Airways, one of the UK’s largest charter airlines, has collapsed and has suddenly ceased operations. XL Leisure Group declared bankruptcy early today having failed to secure a rescue package amid deep financial difficulties. XL Leisure Group PLC has gone into administration and the company chief ... [Read More]
Worker’s Union Close To Deal With Alitalia Management
Unions representing civil aviation workers at Italy’s national airline, Alitala, have sealed a deal with a group of investors to keep the company from liquidation. Two unions, AVIA and SDL, mainly representing cabin crew, signed up to an agreement with investor group CAI on 29 September; the agreeme... [Read More]
Problems For The Heavy Weights
A proposal made by the TSA today, a rulemaking for its Large Aircraft Security Program (LASP), which would require all U.S. operators of aircraft exceeding 12,500 pounds max take off weight (mtow) to implement security programs that would be subject to compliance audits. The proposed regulation wou... [Read More]
Airlines Outsoarcing Maintenance
Nine major US airlines are increasingly using outside contractors to perform maintenance work, making the Federal Aviation Authority's oversight duties more difficult, a government report said this week. A report from the Transportation Department's inspector general also found that safety oversigh... [Read More]
Search crews find The wreckage Of Fossett's plane
Searchers found the wreckage of Steve Fossett's airplane in California's rugged Sierra Nevada just over a year after the millionaire adventurer vanished on a solo flight. Most of the plane's fuselage disintegrated on impact, and the engine was found several hundred feet away at an elevation of 9,700... [Read More]
Oil Down, Airlines Up
Shares of AMR Corp. (nyse: AMR - news - people ), parent of American Airlines, rose 65 cents, or 6.6 percent, to $10.47, while shares of UAL Corp. (nasdaq: UAUA - news - people ), parent of United Airlines, rose 44 cents, or 5 percent, to $9.23. Delta Air Lines Inc. (nyse: DAL - news - people ) shar... [Read More]
