Latest News

Endeavor Air Able To Wait Out Pilot Shortage
8/6/2015 4:44:14 AM by Admin 540

Endeavor Air Able To Wait Out Pilot Shortage

CLEVELAND, OH - The pilot shortage was a hot topic at the Regional Airline Association’s annual convention this year. Most regional airline executives said that they are seeing some minor impact, but how significant of the impact really depended upon the airline. For example, Cape Air is down approximately 25 pilots which has caused them to make three markets seasonal, but some regional airlines are seeing very minor impacts, if any.

Ryan Gumm, the CEO of Endeavor Air, explained at RAA that the airline is able to wait out the pilot shortage just fine compared to carriers.

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Republic Airways CFO is quitting as of Sept. 1
8/6/2015 4:36:01 AM by Admin 540

Republic Airways CFO is quitting as of Sept. 1

Republic Airways chief financial officer Timothy P. Dooley is resigning as of Sept. 1 “to pursue other interests,” the regional airline said Wednesday evening.

Dooley, a 17-year employee who was named CFO in 2011, will be replaced immediately by Joe Allman, who is stepping up from vice president of finance and treasurer. Allman will also have the title of senior vice president, while Dooley is an executive vice president.

“It’s never an easy decision to move on after 17 years, but I feel confident making that decision knowing that I am leaving behind such a capable and dedicated leadership team,” Dooley said in the company’s release.

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Republic Airways planning training center south of airport

 

Republic Airways Holdings Inc. is planning a $3.85 million training center for pilots, flight and ground crews, and other employees near Indianapolis International Airport.

Indianapolis-based Republic, a regional contract carrier for larger airlines, would consolidate its current training operations from three central Indiana locations to the center, which could train as many as 5,000 employees annually.

The 40,000-square-foot project, to be built on five acres in the AmeriPlex industrial park on the west side, would entail relocating 62 current employees and adding six positions by 2017.

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Spirit Airlines Lays Plans for Future Profit Growth
8/6/2015 4:28:18 AM by Admin 540

Spirit Airlines Lays Plans for Future Profit Growth

Spirit Airlines is pursuing continuous improvement in its cost structure, which will fuel long-term profit growth.

After several years of stellar stock performance, Spirit Airlines (NASDAQ:SAVE) shares have hit a big rough patch in 2015. At its recent price of about $60, Spirit Airlines stock sits nearly 30% below the all-time high reached in late 2014.

But I have argued for the past several months that this stock slide makes Spirit Airlines a better investment opportunity than ever before. And just last week, the company offered another tidbit of information regarding its strategies for delivering continued earnings growth.

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Executive Board

President: Alex Giarrocco
Spirit Airlines

Vice-President:  Dern Textus
Spirit Airlines

Sec/Treasurer: Dave T. Bovenzi
Spirit Airlines

Exec. Board Member : Fabio DeLuca
Republic Airways 

 

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