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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:37 EDTAAMRQ, ERJ, RJETAmerican Airlines signs 12-year capacity purchase agreement with Republic
American Airlines (AAMRQ) has signed a 12-year capacity purchase agreement with Republic Airways Holdings (RJET) to provide large regional jet flying for the first time in the company's history. This agreement, which is subject to court approval, was enabled by the new pilot contract. Through the agreement, Republic Airways will acquire 53 Embraer E-175 jets featuring a two-class cabin with 12 First Class seats and 64 seats in the Main Cabin. The aircraft, which will be branded with the newly revealed American Eagle livery and operated by the Republic Airlines subsidiary of Republic Airways Holdings, will phase into operation at approximately two to three aircraft per month beginning in mid-2013. All 53 aircraft are expected to be in operation by the first quarter of 2015.
News For AAMRQ;RJET;ERJ From The Last 14 Days
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May 21, 2013
07:46 EDTERJEmbraer and SkyWest sign contract for 40 firm E-jets
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06:56 EDTERJSkyWest announces agreement with Embraer for 100 firm, 100 options for E175s
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06:52 EDTERJSkyWest announces agreement with United for 40 Embraer E175 regional jets
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06:48 EDTERJUnited to add 40 more Embraer 76-seat aircraft to United Express fleet
United Airlines (UAL) announced a capacity purchase agreement for SkyWest Airlines, a wholly-owned subsidiary of SkyWest (SKYW), to operate 40 Embraer (ERJ) 175 aircraft under the United Express brand. SkyWest will purchase the 40 76-seat aircraft with deliveries in 2014 and 2015. These aircraft are in addition to 30 Embraer 175 aircraft that United previously announced it will purchase and which will be operated by a United Express carrier, also scheduled for delivery between 2014 and 2015.
May 16, 2013
08:28 EDTAAMRQEU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link
May 14, 2013
10:04 EDTERJEmbraer management to meet with JPMorgan
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May 10, 2013
06:47 EDTAAMRQDelta says airlines have new priorities, NY Times reports
Delta Air Lines' bright, spacious new terminal at New York's Kennedy Airport reflects airlines' new emphasis on better amenities and service, Delta stated, according to the New York Times. The airlines, whose finances have improved, are no longer competing primarily based on price, the newspaper stated. Reference Link
May 8, 2013
16:59 EDTAAMRQAMR Corp. reports April domestic RPM down 1.4% to 6.17M
Reports April International RPM down0.6% to 4.08M. Reports April Atlantic RPM down 4.8% to 1.49M. Reports April Latin America RPM up 4% to 2.02M. Reports April Pacific RPM down 4.7%. Reports April PRASM down 2.9%. Reports April consolidated traffic down 1.1%.
10:17 EDTRJETFrontier Airlines reports April traffic
Frontier Airlines, a subsidiary of Republic Airways, reported preliminary traffic results for April. For the month, Frontier's load factor increased slightly to 87% from April 2012. Frontier's traffic decreased 22% to 800M revenue passenger miles on a 22% reduction in capacity. Frontier Airlines served 0.8 million passengers in April, a 21% reduction from the same period last year.
09:53 EDTRJETRepublic Airways reports April traffic down 7%
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05:44 EDTAAMRQU.S. airlines' restructuring means less routes, WSJ reports
A decade of restructuring in the U.S. airline industry has resulted in a sharp reduction in air service that is curtailing traveler choice and some local economies even as it improves the industry's health, an MIT study shows, reports the Wall Street Journal. From 2007 through last year, U.S. airlines cut the number of scheduled domestic flights by 14%. The number of seats offered fell by slightly less, as airlines pushed passengers onto bigger planes, says the study. Reference Link

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