Hello everyone. This week’s issue of PlaneBusiness Banter is now posted. This week we take a detailed look at the recent earnings releases from United Continental Holdings, Delta Air Lines, US Airways and JetBlue.
We also see how both Ryanair and Air France/KLM fared during the last quarter.
Meanwhile, we have PlaneBusiness Earnings Summaries posted for Republic, Spirit, Hawaiian and Allegiant. Next week we’ll get you caught up on all the airlines that have reported so far for the quarter.
In breaking news tonight, it does appear that there is a tentative agreement between United Airlines and its two pilot groups. Not a lot of details out there yet, but this is certainly good news for the airline. Clearly the deal will have to be approved by the rank and file and we have no idea what will happen at this point. All we know is that it is good news that an agreement is in place.
United was also in the news this week as the airline rolled out its new beautiful Boeing 787 out in Seattle.
While that was good news, the not-so-good news for Boeing was a test of a 787, slated to be delivered to Air India which saw debris from its engine start a grass fare at the Charleston International Airport. Unlike the Trent 1000s that ANA just had to have work done, these were GE engines.
Allegiant Travel announced this last week that is is going to be taking on Airbus A319 aircraft — some are coming from Cebu, others from easyJet. Looks like this is the first move by Allegiant to begin shifting away from the Maddogs.
Even more airplane news as Delta brings the hammer down on SkyWest (Delta CEO Richard Anderson told everyone — repeatedly– in the airline’s earnings call last week that yes, this could be done. And yes, it was done.)
Airline stocks had a so-so week last week, with shares of United getting hammered. Analysts don’t like it when airlines produce revenue results that lag everyone else.
In the AMR Bankruptcy Follies this week, we talk about Tom Horton’s latest Magical Mystery PR tour and how he sounds just a tad desperate as he attempts now to “reposition” the message. We argue he only makes things worse — both for him and the airline.
Oh, we have a lot more than this to talk about, but this gets us started.
Subscribers can access this week’s issue of PlaneBusiness Banter here.