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Denver Airport
Denver airport sees record fliers in 2007. Denver International Airport experienced its busiest year ever in 2007. Almost 50 million travelers departed or landed at the airport, up 5.4% from last year. Feb 3, 2008
JetBlue Airways, Aer Lingus
JetBlue and Aer Lingus to Team in April. JetBlue Airways Corp. and Ireland's Aer Lingus Group PLC said Friday their trans-Atlantic partnership will begin April 3. The deal will broaden both low-cost carriers' networks by linking their Web sites and giving passengers a single booking between Ireland and more than 40 continental U.S. destinations. Travelers will connect at JetBlue (nasdaq: JBLU - news - people )'s hub at New York's John F. Kennedy International Airport. Aer Lingus already flies to Boston, New York, Chicago, Washington, Orlando, San Francisco and Los Angeles. Feb 3, 2008
JetWorks Leasing
JetWorks Leasing changed its name to SkyWorks Leasing. JetWorks was an affiliate of SkyWorks Capital. Feb 2, 2008
Korean Air
Korean Air Aims For 29 Percent Operating Profit Lift. Korean Air said on Friday it would target a 29 percent rise in this year's operating profit as fuel surcharges and healthy overseas travel demand by Koreans are likely to offset higher fuel costs. The airline said in a filing to the Korea Exchange that the carrier aimed to post a KRW819 billion won (USD$868 million) operating profit this year, compared to a KRW636.8 billion profit in 2007. Korean Air also aims to lift this year's sales to KRW9.46 trillion from KRW8.81 trillion in 2007 while it would cut investment plans by 21 percent to KRW681.6 billion. On Thursday, Korean Air said it swung to a steeper-than-expected quarterly loss, hit by higher fuel costs and a weaker won currency. Korean Air's outlook is strong this year as the company is likely to offset fuel costs with surcharges and will benefit from healthy demand for overseas travel in Asia's fourth-largest economy, especially for the Beijing Olympics. But higher fuel prices and a slowdown in the global economy may cloud the picture and growing competition with budget carriers, especially Chinese airlines, is also likely to cut Korean Air's profits, analysts said. Feb 3, 2008
L'Avion
L'Avion celebrated its first anniversary this month and said it transported more than 34,000 passengers in its first year, with a 79% load factor achieved last month. It will introduce a second Boeing 757-200 configured with 90 business class seats on Jan. 20, when it will operate Paris Orly-Newark. Feb 3, 2008
Midwest Airlines, TPG Capital, Northwest Airlines
Midwest Airlines parent Midwest Air Group said yesterday that the US Dept. of Justice has completed its investigation of the company's acquisition by TPG Capital and Northwest Airlines, clearing the way for the sale's closing as early as last night. Trading of Midwest Air Group stock on the American Stock Exchange concluded as of the close of trading yesterday. "Shareholders of record. . .will be notified of the process to surrender their shares in exchange for the per-share merger consideration of $17 in cash, without interest, following the closing," MAG said. Feb 1, 2008
Niki, Airbus
Niki Lauda's Airline Orders Nine Airbus A320s. Austrian low cost carrier NIKI has placed an order for an additional nine A320 family aircraft to take its fleet of the planes to 20, Airbus said on Thursday. The Vienna-based carrier will employ the new Airbus jets on routes to European cities and leisure destinations. The airline, founded in 2003, operates in partnership with Air Berlin, which is another Airbus customer. "We placed this additional order after four years of successful Airbus aircraft operations. The additional A320 family aircraft will substantially increase our low-cost services out of Vienna", said Niki Lauda, President of NIKI. The planes for NIKI have a new cabin which features the most modern design and technological innovations derived from the A380, Airbus's latest and biggest plane. Feb 3, 2008
Singapore Airlines
Earnings at Singapore Airlines beat expectations. Singapore Airlines beat market expectations Friday by reporting a 51 percent rise in quarterly operating profit, lifted by strong demand in global travel and higher ticket prices. But the airline also warned of an uncertain outlook because of turmoil in financial markets. Singapore Airlines took delivery of the first of 19 Airbus A380 superjumbo jets in October after a two-year delay. The airline has been able to charge ticket premiums of up to 20 percent on the daily Singapore-Sydney route and will start a daily flight to London from the middle of March after receiving its third A380. But analysts warn that premium business travel will be cut sharply this year because of chaos in world financial markets and a possible U.S. recession. Feb 3, 2008
Southwest Airlines
Consolidation will create opportunities for Southwest, CEO says. Consolidation in the airline industry will provide an opportunity for Southwest Airlines, regardless of whether the carrier merges with another airline, CEO Gary Kelly said. "We have enough exposure to other airlines in the U.S. that if they shrink, we'll benefit," Kelly said. "And of course, I wouldn't eliminate the possibility that we would participate in some form or fashion in consolidation." Feb 3, 2008
Southwest Execs Lighten Up on Holdings. As shares of Southwest Airlines try to take off from their lows, two insiders at the company have sold $725,000 in the Dallas-based company's stock. On Monday Chairman of the Board Herbert Kelleher sold 50,000 shares for $604,500, an average of $12.09 a share. Kelleher, who has served as chairman since 1978, continues to own three million shares directly, and 300,280 shares indirectly through a family limited liability company. Also on Monday President and director Colleen Barrett sold 10,000 shares for $121,000 or $12.10 a share. Barrett continues to own 43,576 shares directly and 1,474 shares indirectly. Feb 3, 2008
Virgin Group
Virgin Group is in talks with a potential Russian partner about launching an airline in the market, Chairman Richard Branson said in Moscow yesterday. "Now is the time for Virgin to come to Russia," he said at a news conference during an investor conference he is attending. His remarks were reported widely. "We are in discussions with a Russian partner," he said. "We will announce in three months who that partner will be." Branson added that it would be better to do "something from scratch" rather than partner with an existing carrier. "You can make sure of the quality and avoid all of those cobwebs you might otherwise get," he explained. "We're looking to take on the airlines here." He promised that the Virgin carrier "will be the best" in the market and noted that Russians don't fly nearly as often as people in Western Europe. "There's a lot of potential to take business away from the rail service," he said. Feb 3, 2008
VLM Airlines
VLM Airlines carried 745,781 passengers last year, up 9% over 2006. Scheduled passengers rose 6% to 697,781 while the number flying on charter or ACMI flights climbed 62% year-over-year. Feb 3, 2008
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