| US Airways Traffic Falls in September Zacks.com submits: Monday, US Airways (LCC) announced preliminary mainline traffic results for Sept. 2009. The company reported a drop in mainline passenger load factor to 79.3% from 80.1% last year. Total scheduled mainline revenue passenger miles (RPMs) decreased 1.6% to $4.6 billion on a capacity decrease of 0.6% in scheduled mainline available seat miles (ASMs), compared with the same period in 2008. Consolidated (mainline and express) passenger revenue per available seat mile (PRASM) decreased approximately 15%, versus the same period last year, while total revenue per available seat mile decreased approximately 14% on a year-over-year basis.Complete Story » seekingalpha.com |
Deplane, Deplane A decisive action by Washington for passengers’ rights punctures the absurdist fiction offered by the airlines that self-policing is enough to act sensibly. nytimes.com |
How Much Trouble Is Toyota Really In? Market Blog submits: By David BermanThe controversy swirling around Toyota Motor Corp. (TM) is showing no signs of settling down, more than a month after the company recalled many of its vehicles because of a sudden acceleration problem. In the latest round of news, the Japanese auto maker’s chief executive said in written testimony that he was “deeply sorry for any accidents that Toyota drivers have experienced” – and is expected to testify before a U.S. congressional committee on Wednesday amid safety recalls worldwide.Complete Story » seekingalpha.com |
Regional Airlines: Challenging Investor Perceptions Davide Pavone submits: For decades, the following question has amused commercial aviation enthusiasts and airline analysts alike: What is a regional airline? In general, a regional airline provides air transport services between a base of operations and airports located in less populous areas. A regional airline’s fleet consists mainly of 9- to 78-seat turboprop aircraft and/or 30- to 108-seat jet aircraft. A regional airline uses said aircraft to operate short-haul (less than 3 hours) and/or medium-haul (3 to 6 hours) flights. More than half of U.S. scheduled passengers flights are operated by regional airlines. From 1999 to 2008, the regional airline industry experienced a considerable amount of growth. Available seat miles increase by approximately 168%, while revenue passenger miles rose by around 246%. Furthermore, regional airlines are providing an ever increasing proportion of domestic available seat miles. The regional airline business model is interesting as it permits relatively certain profit in an industry characterized by regular (and sharp) fluctuations in aircraft fuel and airline ticket prices, as well as passenger loads. The major regional airlines, or regional airline holding companies, are SkyWest (SKYW), ExpressJet (XJT), Pinnacle Airlines (PNCL), and Republic Airways (RJET).Complete Story » seekingalpha.com |
Sonic Automotive, Inc Q2 2010 Earnings Call Transcript Sonic Automotive, Inc (SAH)Q2 2010 Earnings CallJuly 29, 2010 11:00 am ETComplete Story » seekingalpha.com |