Tag Archives: McDonnell Douglas

Allegiant today starts new service from Memphis

Allegiant logo-1 (large)

Allegiant Air (Las Vegas) today (May 22) stated nonstop flights from Memphis to Ft. Lauderdale/Hollywood, Las Vegas and Sanford (near Orlando).

Copyright Photo below: Bruce Drum/AirlinersGallery.com. McDonnell Douglas DC-9-83 M868GA (msn 49554) arrives at the Las Vegas base.

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Nordic Global Airlines to shut down on May 31

Finnair logo

Finnair (Helsinki) has issued this statement about the future of partially-owned Nordic Global Airlines-NGA (Helsinki):

Nordic Global Airlines-NGA logo

The Board of Directors of Finnair’s associated company Nordic Global Airlines Ltd (NGA) has decided to discontinue NGA’s operations by May 31, 2015. The termination of the operations has no material impact on Finnair’s cargo business, or Finnair’s financial position. NGA, focused on cargo freighter operations, was founded in 2011. Since then NGA grew to fly main-deck cargo in four continents with its low-cost and thin-organization model, but with overcapacity in the sector and depressed freight pricing, the cargo airline’s decision to cease operations was unavoidable.

Finnair Cargo Oy owns 40 percent of the company, and other shareholders are Neff Capital Management LLC, Daken Capital Partners LLC and the Mutual Pension Insurance Company Ilmarinen. Between 2011 and 2014, Finnair leased freighter capacity from NGA for its mainly Asian cargo traffic. Finnair’s belly cargo capacity will increase significantly in the coming years, when new A350 aircraft join Finnair’s fleet. Finnair has decided to focus in future on cargo carried in the cargo holds of passenger aircraft and discontinued separate cargo freighter operations at the end of 2014.

NGA was operating four McDonnell Douglas MD-11F freighters.

Copyright Photo: Paul Bannwarth/AirlinersGallery.com. Despite the elaborate NGA logo, the NGA aircraft usually operated with only small titles and non-descript white fuselages. McDonnell Douglas MD-11 (F) OH-LGD (msn 48513) arrives at Las Palmas in the Canary islands.

Falcon Air moves four MD-80s to Lakeland, considers scheduled flights

Falcon Air (Falcon Air Express) (Miami) has moved four McDonnell Douglas DC-9-83s (MD-83s) to Lakeland, Florida (LAL).

Falcon Air logo

Previously The Ledger in Lakeland reported the city of Lakeland was negotiating with Falcon Air to provide scheduled passenger flights from the underutilized airport. The last scheduled passenger service at LAL was provided by DirectAir (operated by Sky King Airlines). LAL is located very close to Disney World and is situated between Orlando and Tampa.

According to the report, Falcon Air is considering scheduled air service to Baton Rouge, Branson, Chicopee (Massachusetts), Huntsville, Jackson, Lansing (or Kalamazoo) and Newport News/Williamsburg. Service could start in June.

The business model is likely to be the same as used by Allegiant Air which serves small cities initially with minimal service and flies to popular holiday destinations like Orlando. Allegiant serves the Central Florida area through Sanford (SNF) (north of Orlando) and St. Petersburg/Clearwater (PIE) (west of Tampa). LAL is actually closer to Disney World than SFB. Falcon Air is likely to select small cities not already being served by Allegiant Air from Central Florida.

Read the full report: CLICK HERE

Copyright Photo: Brian McDonough/AirlinersGallery.com. McDonnell Douglas DC-9-83 (MD-83) N120MN (msn 53120) is one of the four aircraft that has been repositioned to LAL.

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Air France-KLM’s first quarter loss widens

Air France-KLM Group (Air France, KLM Royal Dutch Airlines, Transavia Netherlands, Transavia France, Hop! and Martinair) reported a first quarter net loss of €504 million ($56.9 million), compared to a net loss of €485 million ($546 million) in the same quarter a year ago.

Read the full report: CLICK HERE

Copyright Photo: Ton Jochems/AirlinersGallery.com. The group retired three Boeing 747 freighters in the Winter 2014-15 season, while another five Martinair McDonnell Douglas MD-11s will be retired by the end of the Winter 2015-16 season. The Group plans to operate only five full-freighters by the end of 2016. McDonnell Douglas MD-11 (F) PH-MCS (msn 48618) of Martinair taxies at the Amsterdam cargo hub.

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Sea Air of Croatia to start flights on May 18

Sea Air (Osijek) of Croatia will launch scheduled passenger operations on May 18 from Osijek  to Frankfurt, Munich and Vienna using a 160-seat McDonnell Douglas DC-9-82 wet leased from Ten Airways (Tend Air) of Romania according to Balkans.com.

Read the full report: CLICK HERE

Copyright Photo: Terry Wade/AirlinersGallery.com. McDonnell Douglas DC-9-82 (MD-82) YR-MDK (msn 49139) arrives at London (Gatwick).

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EVA Air retires its last McDonnell Douglas MD-11

EVA Air (Taipei) today (March 23) operated its last McDonnell Douglas MD-11 flight. The pictured MD-11F B-16113 (msn 48790) departed Taipei (Taoyuan) at 0840 local time as EVA Air Cargo flight BR 606 to Anchorage. EVA Air was the last operator of the tri-jet in Taiwan. China Airlines and Mandarin Airlines previously also operated the type.

EVA Air logo

EVA Air operated the MD-11 as a passenger aircraft from 1992 through 2003 and was down to just the one MD-11F freighter for today’s retirement.

EVA Air Cargo logo

EVA Air Cargo continues to operate the Boeing 747-400 freighter. EVA Air is considering adding the more efficient Boeing 777F freighter in the future.

In other news, EVA Air on June 19, 2015, EVA Air will be launching new nonstop passenger flights to Houston (Bush Intercontinental) (IAH).

 

Copyright Photo: Manuel Negrerie/AirlinersGallery.com. B-16113 departs from Taipei (Taoyuan).

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FedEx Corporation reports net income of $580 million, up 53%, for the 3Q

FedEx Corporation (FedEx Express) (Memphis) reported earnings of $2.01 per diluted share for the third quarter ended February 28, compared to $1.23 per share last year.

Third Quarter Results

FedEx Corp. reported the following consolidated results for the third quarter:

• Revenue of $11.7 billion, up 4% from $11.3 billion the previous year

• Operating income of $962 million, up 50% from $641 million last year

• Operating margin of 8.2%, up from 5.7% the previous year

• Net income of $580 million, up 53% from last year’s $378 million

Operating results improved due to volume and base yield growth in all three transportation segments, a significant net benefit from fuel, benefits from profit improvement program initiatives, a lower year-over-year weather impact and reduced pension expense. These improvements were partially offset by higher variable incentive compensation accruals.

Share repurchases had a $0.11 year-over-year positive impact on third quarter earnings per diluted share.

Outlook

FedEx projects earnings to be $8.80 to $8.95 per diluted share for fiscal 2015. This outlook assumes continued moderate global economic growth. The capital spending forecast for fiscal 2015 remains $4.2 billion.

“We expect continued revenue and earnings growth this year, driven by ongoing improvements in all of our transportation segments,” said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. “Variable incentive compensation accruals will continue to increase as our financial performance improves, and we expect to deliver record fourth quarter and fiscal year earnings.”

FedEx Express Segment

For the third quarter, the FedEx Express segment reported:

• Revenue of $6.66 billion, compared to last year’s $6.67 billion

• Operating income of $384 million, up 129% from $168 million a year ago

• Operating margin of 5.8%, up from 2.5% the previous year

Revenue was essentially flat, as lower fuel surcharges and unfavorable currency exchange rates more than offset volume and base yield growth. U.S. domestic package volume grew by 4%, including 5% growth in overnight box. U.S. domestic revenue per package decreased 2% due to lower fuel surcharges, partially offset by higher base rates. FedEx International Economy volume grew 4%, while FedEx International Priority volume was flat. International export revenue per package decreased 4%, as lower fuel surcharges and unfavorable currency exchange rates were partially offset by favorable service mix and higher rates.

Operating results were higher as increased base revenue, a significant net benefit from fuel and a lower year-over-year weather impact all contributed to the quarter. In addition, the company continued to benefit from profit improvement program initiatives. Partially offsetting these favorable factors were increased variable incentive compensation accruals and aircraft maintenance expenses.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. FedEx Express McDonnell Douglas MD-10-10F (DC-10-10F) N389FE (msn 46623) climbs away from Los Angeles International Airport.

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