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Monday, June 15, 2009

First-Quarter 2009 Airline Financial Data: Network Airlines Report Sixth Consecutive Quarterly Loss Margin

Monday, June 15, 2009 - The seven network airlines, as a group, reported an operating loss margin of -4.0 percent in the first quarter of 2009, the sixth consecutive quarterly loss margin since the group reported a profit margin in the third quarter of 2007, the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation reported today in a release of preliminary data.

BTS, a part of the Research and Innovative Technology Administration, reported that five of the seven reporting network airlines, most of the industry's largest carriers, reported an operating loss margin in the January-to-March period. Only Alaska Airlines and Northwest Airlines reported an operating profit.

The low-cost and regional airlines groups both reported operating profit margins for the first quarter. Only low-cost carriers Virgin America and Southwest Airlines and regional carrier ExpressJet Airlines reported loss margins. The loss for Southwest was the first after 71 consecutive quarters with an operating profit. Operating margin measures profit or loss as a percentage of the airline's total operating revenue.

The seven network airlines spent 22.2 percent of their operating expenses in the first quarter of 2008 on fuel, compared to 14.7 percent five years earlier in the first quarter of 2004. For airline fuel expenses.

The total industry collected $566.3 million in baggage fees in the first quarter of 2009, up 13.6 percent from the $498.6 million collected in the fourth quarter of 2008 and up 362.1 percent from the $122.6 million collected in the first quarter of 2008. Beginning in the second quarter 2008, most of the scheduled passenger carriers began charging for the first and second bags checked by passengers. Previously, additional charges were not applied until the third bag was checked. American Airlines collected $108.1 million in the first quarter of 2009, the most of any carrier. for the 10 airlines that collected the most in baggage fees in the first quarter.



posted by transport blogs @ 11:47 PM permanent link   | Post a Comment | 0 comments

Friday, June 12, 2009

£3.265 million facelift for the A96

Local communities along the A96 between Aberdeen and Inverness will benefit from a £3.265 million road improvement package due to get underway this summer.

The programme kicks off later this month with works between Cowfords and Marchfield. Further upgrade schemes will also be carried out between the Huntly Roundabout north and Westerton Farm, and between Wittet Drive, Elgin and Oakwood, which are planned for late summer and early autumn.

The initial phase will see the much needed reconstruction and resurfacing of almost one mile of carriageway between Cowfords and Marchfield. This part of the programme, worth £964,000, is set to start on Monday 22nd of June for four weeks.

Local communities will benefit from the extension and resurfacing of the footpath and cycleway which runs alongside this section of road. Bear Scotland, who is supervising the programme on Transport Scotland's behalf, will also use this opportunity to carry out drainage works.

Stewart Stevenson, Minister for Transport said:

"The A96 is a vital link in the north east and this £3 million plus investment demonstrates this Government's commitment to improving roads in the region. As a Government we are always looking at ways to encourage people out of their cars and onto sustainable forms of travel like walking and cycling which is why we are extending the cycle way and foot path along this route.

"Projects such as this also provide a vital boost to the construction industry in Scotland, helping our hard pressed construction workers in this challenging economic climate."

The A96 is a key trunk road used by over 15,000 vehicles each day. The volume of traffic has lead to general wear and tear, especially as the HGV traffic makes up 12% of the total traffic on this busy route. This programme of essential improvement works will ensure that this section of road continues to operate safely for many years to come.


posted by transport blogs @ 12:21 AM permanent link   | Post a Comment | 0 comments

Tuesday, June 9, 2009

More frequent and more secure rail services for London and the South East

Passengers in London and the South East can look forward to more frequent rail services, improved stations, more staff and better security, Transport Secretary Andrew Adonis said today as he awarded the South Central rail franchise to Southern Railways Ltd., a subsidiary of Govia Ltd - the current franchise operator.

The new franchise, which starts on 20 September this year, requires the new operator to introduce longer suburban trains at peak times and more trains on key lines during evenings and weekends. Passengers will also be able to travel more safely on the network thanks to a significant increase in the number of stations staffed at night and the introduction of CCTV on all trains.

Andrew Adonis said:

"This new franchise provides more regular trains, more services at busy times and more station and train security for passengers across London and the South East. It will greatly improve the quality of service and give passengers better value for money.

"We have worked closely with rail user groups such as Passenger Focus to ensure that this new franchise works for passengers. We have had four candidates entering bids for the franchise, showing that there is still a strong level of interest from private firms in running rail services."

Key train service enhancements will include:

  • Longer suburban services made up of ten car trains, with delivery starting in 2011 and being completed by 2013.

  • Four trains per hour on most routes in South London until around 2300 Monday to Saturday and new late night services in South London on Friday and Saturday nights with most routes running trains until 0030

  • Additional services in South London on Sundays with four trains per hour on most routes.

  • A new hourly Brighton to Southampton service on Sundays and additional late night services from Brighton to Worthing.

  • Later services on the London to Uckfield route.

  • A new service to Southampton Airport and an additional Gatwick Express service from Brighton at peak times.

Under the new franchise agreement, all stations and trains on the South Central network will be fitted with CCTV by June 2011 and all stations across the franchise will be required to maintain or increase the presence of customer-facing staff, leading to a safer and improved passenger-friendly experience.

In addition, new ticket gates will be installed at 22 stations (on top of the 14 South London stations being gated prior to the franchise commencement) and almost all South London stations will be staffed from the first to last service of the day.

The franchise will also deliver at least 1,000 extra car parking spaces and 1,500 additional secure bicycle spaces. Every station across the network will be cleaned and refreshed, while there will also be enhancements to 34 stations in the region, including major refurbishments at Brighton, Haywards Heath, Hove, Lewes, Redhill, Three Bridges and Worthing.

In addition, the Government has required the operator to set targets for passenger satisfaction and provide additional investment if these targets are not achieved.



posted by transport blogs @ 10:22 PM permanent link   | Post a Comment | 0 comments




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