Monday, June 15, 2009
Monday, June 15, 2009 - The seven network airlines, as a group, reported an operating loss margin of -4.0 percent in the first quarter of 2009, the sixth consecutive quarterly loss margin since the group reported a profit margin in the third quarter of 2007, the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation reported today in a release of preliminary data.
BTS, a part of the Research and Innovative Technology Administration, reported that five of the seven reporting network airlines, most of the industry's largest carriers, reported an operating loss margin in the January-to-March period. Only Alaska Airlines and Northwest Airlines reported an operating profit.
The low-cost and regional airlines groups both reported operating profit margins for the first quarter. Only low-cost carriers Virgin America and Southwest Airlines and regional carrier ExpressJet Airlines reported loss margins. The loss for Southwest was the first after 71 consecutive quarters with an operating profit. Operating margin measures profit or loss as a percentage of the airline's total operating revenue.
The seven network airlines spent 22.2 percent of their operating expenses in the first quarter of 2008 on fuel, compared to 14.7 percent five years earlier in the first quarter of 2004. For airline fuel expenses.
The total industry collected $566.3 million in baggage fees in the first quarter of 2009, up 13.6 percent from the $498.6 million collected in the fourth quarter of 2008 and up 362.1 percent from the $122.6 million collected in the first quarter of 2008. Beginning in the second quarter 2008, most of the scheduled passenger carriers began charging for the first and second bags checked by passengers. Previously, additional charges were not applied until the third bag was checked. American Airlines collected $108.1 million in the first quarter of 2009, the most of any carrier. for the 10 airlines that collected the most in baggage fees in the first quarter.
BTS, a part of the Research and Innovative Technology Administration, reported that five of the seven reporting network airlines, most of the industry's largest carriers, reported an operating loss margin in the January-to-March period. Only Alaska Airlines and Northwest Airlines reported an operating profit.
The low-cost and regional airlines groups both reported operating profit margins for the first quarter. Only low-cost carriers Virgin America and Southwest Airlines and regional carrier ExpressJet Airlines reported loss margins. The loss for Southwest was the first after 71 consecutive quarters with an operating profit. Operating margin measures profit or loss as a percentage of the airline's total operating revenue.
The seven network airlines spent 22.2 percent of their operating expenses in the first quarter of 2008 on fuel, compared to 14.7 percent five years earlier in the first quarter of 2004. For airline fuel expenses.
The total industry collected $566.3 million in baggage fees in the first quarter of 2009, up 13.6 percent from the $498.6 million collected in the fourth quarter of 2008 and up 362.1 percent from the $122.6 million collected in the first quarter of 2008. Beginning in the second quarter 2008, most of the scheduled passenger carriers began charging for the first and second bags checked by passengers. Previously, additional charges were not applied until the third bag was checked. American Airlines collected $108.1 million in the first quarter of 2009, the most of any carrier. for the 10 airlines that collected the most in baggage fees in the first quarter.
Labels: Airlines Report - Transport
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Friday, June 12, 2009
Local communities along the A96 between Aberdeen and Inverness will benefit from a £3.265 million road improvement package due to get underway this summer.
The programme kicks off later this month with works between Cowfords and Marchfield. Further upgrade schemes will also be carried out between the Huntly Roundabout north and Westerton Farm, and between Wittet Drive, Elgin and Oakwood, which are planned for late summer and early autumn.
The initial phase will see the much needed reconstruction and resurfacing of almost one mile of carriageway between Cowfords and Marchfield. This part of the programme, worth £964,000, is set to start on Monday 22nd of June for four weeks.
Local communities will benefit from the extension and resurfacing of the footpath and cycleway which runs alongside this section of road. Bear Scotland, who is supervising the programme on Transport Scotland's behalf, will also use this opportunity to carry out drainage works.
Stewart Stevenson, Minister for Transport said:
"The A96 is a vital link in the north east and this £3 million plus investment demonstrates this Government's commitment to improving roads in the region. As a Government we are always looking at ways to encourage people out of their cars and onto sustainable forms of travel like walking and cycling which is why we are extending the cycle way and foot path along this route.
"Projects such as this also provide a vital boost to the construction industry in Scotland, helping our hard pressed construction workers in this challenging economic climate."
The A96 is a key trunk road used by over 15,000 vehicles each day. The volume of traffic has lead to general wear and tear, especially as the HGV traffic makes up 12% of the total traffic on this busy route. This programme of essential improvement works will ensure that this section of road continues to operate safely for many years to come.
The programme kicks off later this month with works between Cowfords and Marchfield. Further upgrade schemes will also be carried out between the Huntly Roundabout north and Westerton Farm, and between Wittet Drive, Elgin and Oakwood, which are planned for late summer and early autumn.
The initial phase will see the much needed reconstruction and resurfacing of almost one mile of carriageway between Cowfords and Marchfield. This part of the programme, worth £964,000, is set to start on Monday 22nd of June for four weeks.
Local communities will benefit from the extension and resurfacing of the footpath and cycleway which runs alongside this section of road. Bear Scotland, who is supervising the programme on Transport Scotland's behalf, will also use this opportunity to carry out drainage works.
Stewart Stevenson, Minister for Transport said:
"The A96 is a vital link in the north east and this £3 million plus investment demonstrates this Government's commitment to improving roads in the region. As a Government we are always looking at ways to encourage people out of their cars and onto sustainable forms of travel like walking and cycling which is why we are extending the cycle way and foot path along this route.
"Projects such as this also provide a vital boost to the construction industry in Scotland, helping our hard pressed construction workers in this challenging economic climate."
The A96 is a key trunk road used by over 15,000 vehicles each day. The volume of traffic has lead to general wear and tear, especially as the HGV traffic makes up 12% of the total traffic on this busy route. This programme of essential improvement works will ensure that this section of road continues to operate safely for many years to come.
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