Air and Travel NEWS

Berkshire Hathaway to acquire Precision Castparts for USD235 per share

The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Precision Castparts Corp. (NYSE: PCP) said they have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for USD235 per … Continue reading “Berkshire Hathaway to acquire Precision Castparts for USD235 per share”

Air China to begin Beijing-Johannesburg nonstop service

Air China said it will start Beijing-Johannesburg nonstop service on October 29, 2015, which will be the first air link offered by a Chinese carrier between Mainland China and South Africa and also … Continue reading “Air China to begin Beijing-Johannesburg nonstop service”

SkyWest announces USD0.04 quarterly dividend

The board of directors of SkyWest, Inc. (NASDAQ: SKYW) said it has declared a quarterly dividend of USD0.04 per share to shareholders of record at the close of business on September 30, 2015 … Continue reading “SkyWest announces USD0.04 quarterly dividend”

Forecast hires new vice president

Aviation consulting firm Forecast, Inc. said it has added Jamie Kogutek as vice president of airline and airport services. Jamie will manage portions of the firm´s airline and airport practices, in particular, network … Continue reading “Forecast hires new vice president”

Virgin America July 2015 traffic down on lower capacity

Virgin America Inc. (NASDAQ: VA) said it has reported its preliminary operational results for July 2015, showing that its traffic (measured in revenue passenger miles) decreased 1.4 percent on capacity (measured in available … Continue reading “Virgin America July 2015 traffic down on lower capacity”

Aergen gets 4 mid-life narrowbody aircraft

Aergen Aviation Finance Limited said it has acquired four mid-life, narrowbody passenger aircraft on lease to various airlines: Virgin America, Monarch Airlines, TAME, and South African Airways. Aergen is an aircraft leasing company … Continue reading “Aergen gets 4 mid-life narrowbody aircraft”

Gogo Q2 2015 revenue up 22% YoY

Gogo Inc. (Nasdaq: GOGO) said it has reported record second quarter revenue of USD121.2 million, up 22 percent year-over-year. Service revenue increased 28 percent to USD101.4 million, exceeding USD100 million in a single … Continue reading “Gogo Q2 2015 revenue up 22% YoY”

Passenger traffic at FRA climbs by 4.1%

In the first half of 2015, the Fraport Group recorded noticeable growth in revenue, rising by 10.6 percent to EUR1.242 billion. This increase was primarily driven by traffic growth, higher proceeds from the … Continue reading “Passenger traffic at FRA climbs by 4.1%”

PHI revenues down YoY

PHI, Inc. (NASDAQ: PHII) said its second quarter consolidated operating revenues for the three months ended June 30, 2015 were USD198.5 million, compared to USD212.1 million for the three months ended June 30, … Continue reading “PHI revenues down YoY”

SAS July load factor up 0.4

SAS (STO: SAS)(OSE: SASNOK) reported it carried 2.6 million passengers totally in July. • Scheduled traffic (RPK) was unchanged and the capacity (ASK) was reduced by 0.5 percent. • The load factor increased … Continue reading “SAS July load factor up 0.4”

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