Significant start-up costs for its new United Express operation, rising labour costs and penalties for irregular operations during the winter snowstorms conspired to widen the losses experienced by ExpressJet Holdings during the first quarter as it posted a loss of USD16.1 million, up 41.1% from the...
US Airways wrapped up the legacy reporting season announcing it posted a 1Q GAAP loss of USD45 million in 1Q2010 which Chair and CEO, Doug Parker, reported would have been better had it not been for the devastating winter storms in February. GAAP loss was down from USD103 million in the 1Q2009.
Middle East and African shares were mixed on Wednesday (28-Mar-2010), reflecting weakness on global stock markets, particularly in Europe.
Given the fierce battle over its allegiance, the ongoing news about the state of JAL will have its oneworld partners captivated. The Japanese flag carrier’s massive losses (it is expected to report an operating loss of approximately JPY160 billion - USD1.7 billion - in the 12 months ended Mar-2010...
Hoping to capitalise on the recent upswing in airline stocks, Porter Aviation Holdings on 16-Apr-2010 filed its preliminary prospectus for an initial public offering. Porter did not specify the number of shares that will ultimately be made available, nor the price it expects to achieve. However, it...
