Month: April 2010

Airlines Financial Performance Outlook After April Disruptions.

Analysis, Featured, Headline
Cursory review of Airlines earning potential following last week disruptions IATA estimates show the depth of the catastrophe as losses total upwards of $ 1.7 Billion for Airlines alone. North American Airlines in the previous cycles had confronted inherent structural costs deficiencies by entering Chapter 11 of the Bankruptcy code. This least desirable alternative (out of 146 airlines seeking Ch11 bankruptcy restructuring sine 1978 deregulation only 16 had emerged) allowed airlines with depleted cash balances to renegotiate under court supervision most of its fixed obligations. High cost of labor that legacy North American airlines had inherited from various Collective Bargaining Agreement, various structured retirement pensions funds, long-term debt, capital, operating leases etc...w...

Industry On Edge After Oil Rig Sinks

Corporate News, Featured
Fears of a major environmental disaster 50 miles off the coast of Louisiana in the gulf of Mexico heightened on Thusrday evening after an oil rig that had exploded the day before sank The events US Coast Guard District Eight command center New Orleans , La. first received report of an explosion and fire aboard a mobile offshore drilling unit located about 42 miles south of Venice off the Louisiana coast in the gulf of Mexico at about 10 pm central time on Tuesday April 20th, 2010. Various Coast Guard units responded to the emergency with some of the following resources: From Station New Orleans: Two HH-65C Dolphin rescue helicopters and crews From Aviation Training Center, Mobile, Ala.: One HH-65C Dolphin rescue helicopter and crew One HH-60 rescue helicopter and crew One HC-144...

EADS-Airbus to bid for $ 35 billion future air force tanker contract

Defense, Featured, Headline
EADS the parent company of Airbus announced Tuesday that it would participate in the contract competition to produce the next generation aerial refuelling tanker for the US Air Force.The deal is worth $ 35 billion covering some 179 planes that will replace the 1950's era KC 135 . In is a surprising turn of event and a bold move EADS is deciding to join the competition without Northrop Grumman with whom a partnership had previously existed.This stunning reversal of situation for EADS is taking the industry by surprise as experts had long surmised that EADS would never be a credible bidder without the support of the American giant Northrop Grumman.And Boeing had been considered as the natural winner for the competition. From a logistical perspective EADS is still actively pursuing some for...

Evening Transatlantic Flight out Of JFK

Airlines, Featured
Early evening JFK transatlantic departure Air France 19 7:05 pm Air france 19A 8:20 pm Air India 144 Frankfurt 6:20 pm  no info Air India 160 Mumbai 6:45 pm Air Malta 2925 Munich 8:10 pm Air Portugal 104 Lisbon 6:15 pm British Airways  184 London Heathrow 6:25 pm cancelled British Airways 188 London Heathrow 8:50 pm British Airways 7002 Paris Orly delayed 9:05 pm British Airways 7004 Paris Orly delayed 10:15 pm British Midland 6108  London LHR 6:40 pm cancelled British midland 6110 London LHR 8:00 pm cancelled British Midland 6118 Manchester 10:10 pm cancelled British Midland 6120 Manchester 7:40 pm cancelled British Midland 6122 London LHR 7:20 pm cancelled British Midland 6126 Birmingham 7:05 pm cancelled British Midland 6136 Edinburgh 8:00 pm cancelled British Midlan

Update on flights disruptions in Europe

Airlines, Featured
Disruptions in air traffic over Europe remained significant today as ash could from a volcanic eruption in Iceland continued to spread high above most of western Europe skies.The unprecedented crisis in air travel is already seeing upwards of 95,000 flights cancellations since last Thursday.The catastrophe will have serious financial repercussion for the industry which is experiencing something more devastating than the post 9/11 disruptions.The crisis is compounded by the several hundreds of thousand of air travelers who have been stranded. As of Tuesday, April 21st a day after European transport ministers devised a 3 tiers airspace segmentation to restrict, limit or open air traffic across Europe, Eirocontrol is reporting roughly 13,000 flights out of 28,000. the situation has relative...