Hello all. It’s that time again. This week’s issue of PlaneBusiness Banter is now posted. Yes, this is the pre-earnings issue. Before the madness begins later today as Hawaiian Airlines starts off the third quarter earnings parade with its earnings release. By the time the week is over, we will have heard from all the major U.S. domestic players.
It’s going to be a strong quarter for the industry. We could even see some record profits posted by a number of denizens. And, yes, for the first time in two years, American Airlines will, finally, post a quarterly profit, although most analysts don’t expect the profit to be much more than $110 million.
On the other side of the cha-ching-o-meter Delta Air Lines is forecast to post the largest profit for the major airline group, as it should post a profit in excess of $730 million dollars for the quarter. Not bad. Not bad at all.
But before all those big numbers start to roll in later this week, we are talking this week about the recent ALPA national election of officers. To say that the largest pilot union in the U.S. just made a rather notable change in its leadership would be an understatement. We talk this week about why I like the fact that Lee Moak is the organization’s new President and why his outlook and approach to labor/management negotiations is so different from what we have seen historically from other labor leaders, not just at ALPA.
And yes, we think this is a good thing.
For those of you who are not familiar with Lee, you can catch a public posting of a PBB Lounge Lizard interview we did with him last January over on our Planebusiness.com site.
The DOT issued its latest Airline Consumer Travel Report numbers last week. Which airlines performed well and which ones didn’t? We talk about all that, and we take another look at the number of reported tarmac delays and cancellations. Is there a discernible trend here or not? It depends on how you interpret the numbers.
We also talk about the situation in France this week. To put it simply, if you don’t have to fly there, don’t. Why? Unhappy French workers. Everywhere. Including airports and air traffic control towers.
We had two new airline marketing campaigns hit the airwaves last week. What do we think of those? We’ll let you know.
Lots of mail in this week’s email bag too.
All this and more in this week’s edition of PlaneBusiness Banter. Subscribers can access the issue here.