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 Southwest Airlines’ annual profits top $1 billion for the first time

 

Southwest Airlines said Thursday that it earned a record $1.1 billion in 2014, the first time the Dallas-based carrier has gone over the $1 billion mark in profit.And it could enjoy an even better year in 2015 if fuel prices stay down and the economy remains solid. Chief financial officer Tammy Romo said Southwest should save $1.7 billion in fuel costs in 2015 compared with 2014.

Excluding special items, Southwest said its 2014 income reached $1.4 billion, from $805 million in 2013. Its previous best year came in 2013, when its net income reached $754 million.

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Unit of Mechanics Union Sues American Airlines
2/15/2015 4:12:00 AM by Admin 540

Unit of Mechanics Union Sues American Airlines

Suit Alleges Managers Breached FAA Rules; FAA Investigates

 

 A mechanics union at American Airlines Group Inc. has filed a lawsuit alleging that managers pressured its members to breach federal rules on aircraft maintenance, including for wing cracks and inspections for suspected lightning strikes—claims that could complicate a crucial year for the world’s largest carrier in its merger integration.

 

The Federal Aviation Administration said it is investigating the allegations, which were originally detailed in two federal whistleblower complaints filed in recent months by six American mechanics in Chicago and one in Dallas.

 

Leaders of the Transport Workers Union Local 591 sued American in U.S. District Court for the Northern District of Illinois on Thursday, claiming the company intimidated union representatives from aiding the FAA’s investigation.

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Indigo's Franke sees U.S. budget airline consolidation

One of the most influential investors in low-cost airlines, Bill Franke, on Monday raised the prospect of consolidation among U.S. budget carriers, echoing a shake-out among traditional network airlines.

"If you want to see how the international aviation landscape is going to evolve, just look to the United States, where consolidation has left just four major legacy carriers to compete with the low-cost airlines that serve the rest of the market," said Franke, managing partner of Phoenix-based private equity firm Indigo Partners.

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Republic Airways moves to streamline, retire less-profitable jets

At its root, Republic Airways Holdings Inc. is a contractor, flying on behalf of airlines for a fixed fee and earning its profit on efficiency.

The business model is straightforward, but Republic hasn’t always followed it in pure form. The company once operated six airline brands and detoured in 2009 into passenger service with Frontier Airlines.

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Spirit Airlines

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Spirit Airlines

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Spirit Airlines

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Republic Airways 

 

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