United Continental Holdings Chairman Glenn Tilton stated US airlines are projected to post USD4 billion in profits in 2010 (Reuters, 17-Nov-2010). Mr Tilton added that airlines "have come a long way" since the early and middle part of the past decade when United and other major carriers entered bankruptcy protection. Mr Tilton also stated the United Continental balance sheet needs a "tremendous amount of deleveraging" and that it may be time to focus on making balance sheets more resilient. The carrier has around USD9 billion in cash. He added that the industry is now focusing on making itself more attractive for long-term investment.
US airlines to post USD4bn profit in 2010: United Continental
You may also be interested in the following articles...
North America Fleet Outlook
North American airlines have roughly 2132 aircraft on order, of which nearly 61% are narrowbody jets pegged for replacement and aircraft upgauge as the region’s large global network airlines continue their strategy of shedding 50 seat jets.
Aer Lingus part 2: vies with Icelandair, airberlin, Norwegian as leading Nth Atlantic value carrier
Aer Lingus' mission statement includes an aim to be the leading value carrier across the North Atlantic. Although this is not explicitly defined, it can validly claim to be among the top four in this category. Also vying with Aer Lingus for this title are Icelandair, airberlin and Norwegian.
Part 1 of this report on Aer Lingus looked at the development of its capacity and its financial performance, both before and after the acquisition by IAG in Aug-2015. This second part compares its North Atlantic network and its unit cost positioning with those of Icelandair, airberlin and Norwegian.
All four are currently pursuing rapid growth between Europe and North America and have similar weekly seat capacity scheduled in this market for summer 2017. Their trans Atlantic networks differ by their numbers of North American destinations, European hubs serving that region and European destinations connected to those hubs.
Aer Lingus is well placed among the four, but cannot currently claim to be the leading North Atlantic value carrier. Norwegian, with multiple European long haul bases, is developing quite differently from the other three. Moreover, although Aer Lingus is cost efficient, Norwegian has a significant CASK advantage.