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Outlook Rising For Airlines In '09

Fri, 14 Nov 2008 01:48:00 GMT

The outlook for the airline industry is becoming more favorable thanks to the pullback in jet fuel prices and decreased capacity – as weak carriers go out of business, more planes stay on the ground, and mergers such as Northwest-Delta (DAL) reduce the number of companies competing for less demand as business and consumer travel declines in the wake of the global economic[More...]

Boeing Earnings Miss Expectations: Costly Delays for 787, 747 Jet Programs an Ongoing Concern

Thu, 22 Oct 2009 10:04:00 GMT

Oct. 22--Boeing Co. on Wednesday delivered quarterly financial results that were worse than Wall Street expected and gave few assurances its prospects would improve anytime soon.
Two troubled airplane programs, the 787 and 747-8, were largely to blame for Boeing's net loss of $1.56 billion, or $2.23 per share, one of the worst quarterly performances in the Chicago airplane-maker's history.
Analysts predicted a $2.22-per-share shortfall after Boeing earlier said it would report a record $3.5 billion in charges related to design problems and rising costs with the two jets, which are running years behind schedule.

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Various Cost Rises Due to Hit Nation's Family Budgets From October

Sun, 27 Sep 2009 14:46:00 GMT

Sep. 27--TOKYO -- A series of fee hikes scheduled in October are expected to strain family budgets in Japan, threatening to dampen consumer spending for a prolonged period of time when many Japanese are taking pay cuts or are without jobs.
Japan Airlines and All Nippon Airways are putting back in place jet fuel surcharges on international flights in October to reflect higher oil prices.
An additional fee of 7,000 yen will be slapped on one-way flights between Japan and North America, and between Japan and Europe.

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ANA Sees Net Loss in April-June, Eyes Later Pickup

Fri, 31 Jul 2009 18:47:00 GMT

Jul. 31--TOKYO -- All Nippon Airways Co. said Friday it incurred a group net loss of 29.20 billion yen in the April-June period, against a year-earlier profit of 6.65 billion yen, due to a drop in global flight revenues amid the global recession and the spread of a new strain of influenza.
Revenues from its passenger transportation services in Japan contracted 16.7 percent from a year earlier to 138.6 billion yen as the number of its passengers dropped 13.6 percent to 903,000.
But Eiji Kanazawa, ANA's senior vice president for finance and accounting, said at a news conference that the company is upbeat that its earnings will pick up in the latter half of fiscal 2009.

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ANA to Raise Up to 141 Bil. Yen in Public Offering

Mon, 13 Jul 2009 14:54:00 GMT

Jul. 13--TOKYO -- All Nippon Airways Co. said Monday it will raise up to 141.67 billion yen in a public offering and third-party allotment of new shares to strengthen its financial standing and to prepare cash for investment in new aircraft.
Japan's second-largest airline will sell 537.5 million new shares for 259 yen per share in its first public offering since 2006.
ANA said the fresh funds will be used to purchase new aircraft, including orders for 55 of Boeing Co.'s medium-sized 787 Dreamliner.

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ANA to Raise Up to 183 Bil. Yen in Public Offering

Wed, 01 Jul 2009 14:53:00 GMT

Jul. 1--TOKYO -- All Nippon Airways Co. said Wednesday it will raise up to 182.62 billion yen in a public offering and third-party allotment of new shares.
The fresh funds will be used to purchase new aircraft and for capital investment, ANA said.
To see more of Kyodo News International, go to http://www.kyodonews.com

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7th Major 787 Delay Shakes Faith in Boeing

Wed, 24 Jun 2009 23:10:00 GMT

Jun. 24--The star attraction at Virgin Atlantic's 25th birthday bash Monday night in New York was a 787 Dreamliner simulator that let partygoers "land" the new jet.
Boeing's bombshell announcement Tuesday that it was delaying the plane's first flight and first delivery was greeted with dismay by investors, analysts and buyers including launch customer All Nippon Airways and Virgin Atlantic, a carrier founded by billionaire Richard Branson.
Japan-based ANA said it first learned of the latest disruption on Tuesday, just hours before Boeing announced to the world that it had discovered structural issues in the Dreamliner, the first large commercial jet to be largely composed of super-hardened plastics.

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ANA is ITA Software’s Launch Customer in Asia Pacific

Tue, 31 Mar 2009 13:14:00 GMT

ITA Software, Inc., the leading provider of innovative solutions to the travel industry, today announced ANA (All Nippon Airways, OTC: ALNPY), Japan’s award-winning airline, as its newest QPX customer. ANA is the world’s 9th largest airline1, carrying 50.4 million passengers in 2007, and serves destinations across Asia, Europe, the Americas and the Pacific. ANA launched QPX, ITA’s premier management system for airfare pricing and shopping, on its website, www.ana.co.jp, on January 20, 2009.[More...]