Tag Archives: ANC

Atlas Air Worldwide Holdings reports 2Q earnings of $32.7 million

Atlas Air Worldwide Holdings (New York-JFK) for the three months ended June 30, 2010, AAWWโ€™s net income increased 188% to $32.7 million, or $1.25 per diluted share, on revenues of $356.2 million and pretax earnings of $61.7 million. Solid operating and financial results for the quarter compared with net income of $11.3 million, or $0.54 per share, on revenues of $240.0 million and pretax earnings of $17.8 million for the three months ended June 30, 2009.

Excluding one-time items, adjusted net income in the second quarter of 2010 increased 319% to $47.5 million, or $1.82 per share, compared with $11.3 million, or $0.54 per share, in the second quarter of 2009. Pretax earnings in the second quarter of 2010 included a net expense of $16.2 million for anticipated legal settlements, as well as a $2.2 million gain on disposal of aircraft assets. There were no one-time items in the second quarter of 2009.

Copyright Photo: Michael B. Ing. Atlas Air’s Boeing 747-2D7B (SF) N522MC (msn 21783) climbs majestically at Anchorage.

Northwest Airlines agrees to price fixing

Northwest Airlines-NWA (Minneapolis/St. Paul), now merged into Delta Air Lines (Atlanta), has agreed to plead guilty and pay a $38 million fine for conspiring to fix cargo prices according to this report by Reuters.

Read the full report:

CLICK HERE

Copyright Photo: Michael B. Ing. Now gone, NWA Cargo’s Boeing 747-251B (F) N632NW (msn 23112) climbs gracefully at Anchorage.

UPS’ 2Q earnings soar 71% on 13% revenue growth

UPS (United Parcel Service) (UPS Airlines) (Atlanta) reported second quarter net income of $845 million.

Read the full press release:

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Copyright Photo: Michael B. Ing. A beautiful climb out at Anchorage of UPS Airlines’ Boeing 747-45E (BCF) N578UP (msn 27154).

Asiana Airlines Cargo to add Atlanta on September 13

Asiana Airlines (Seoul-Incheon) will extend its cargo network to Atlanta, starting on September 13. The new route will be operated four times a week with Boeing 747-400F freighters.

On the financial side, the second quarter profit slipped to slightly over $12 million.

Read the full report in ATW:

CLICK HERE

Copyright Photo: Michael B. Ing. Asiana Cargo’s Boeing 747-48EF HL7636 (msn 29170) climbs into the sky at Anchorage.

Alaska Airlines orders two Boeing 737-800s

Alaska Airlines (Seattle/Tacoma)has exercised options for two additional Next-Generation Boeing 737-800s. The order was posted to Boeing’s Orders and Deliveries website in June and attributed to an unidentified customer.

Including today’s order, Alaska will take delivery of 13 Next-Generation 737s over the next several years. Alaska Airlines has 116 737s in its fleet, including 55 737-800s.

Copyright Photo: Michael B. Ing. Looking splendid in the 75th Anniversary scheme, Alaska’s Boeing 737-890 N569AS (msn 35184) climbs beautifully from Anchorage.

Alaska Airlines Group reports second quarter income of $58.6 million

Alaska Air Group (Alaska Airlines and Horizon Air) (Seattle/Tacoma) reported second quarter 2010 net income of $58.6 million, or $1.60 per diluted share, compared to net income of $29.1 million, or $0.79 per diluted share, in the second quarter of 2009. Excluding mark-to-market fuel hedge losses of $37.6 million ($23.3 million after tax or $0.63 per diluted share) and CRJ700 transition charges of $3.4 million ($2.1 million after tax or $0.06 per diluted share), the company reported net income of $84.0 million, or $2.29 per diluted share, compared to net income of $26.5 million, or $0.72 per share, excluding special items in the second quarter of 2009.

Copyright Photo: Michael B. Ing. An outstanding picture of Alaska Airlines “We’re all pulling together” Boeing 737-490 N705AS (msn 29318) at Anchorage.

Alaska Airlines now has over one half of its fleet equipped with Aircell’s Gogo Inflight Internet service

Alaska Airlines (Seattle/Tacoma) is now offering Aircell’s Gogoยฎ Inflight Internet service on more than half its aircraft, including all 55 of its Boeing 737-800s and 10 of its 737-900s. The service will be available on the airline’s remaining two 737-900s by the end of July.

The airline is partnering with the Alaska Airlines Visa Signatureยฎ card to offer passengers Inflight Wi-Fi free of charge on flights through July 31, 2010. After July 31, the Gogo service, currently available in the U.S. lower 48 states, will be offered to customers at a cost of $4.95 per flight and up, based on length of flight and device used.

The airline’s remaining 737-400s and 737-700s will be equipped with the Gogo service by the end of 2010.

To ensure the service is available to the airline’s namesake state, Aircell will expand its network by early 2011 to provide Gogo Inflight Internet service on key routes to, from and within the state of Alaska.

Aircraft equipped with inflight Wi-Fi have a Wi-Fi symbol located outside the aircraft’s boarding door and information about the service located in seatback pockets. Gogo is available above 10,000 feet, following an announcement approving the use of portable electronic devices.

Copyright Photo: Tony Storck. The beautiful Boeing 737-990 N318AS (msn 30018) in the Disneyland II scheme touches down at Anchorage.

FedEx Corporation reports higher fourth quarter and full year earnings

FedEx Corporation (Memphis) reported fourth quarter net income of $419 million, up from last yearโ€™s net loss of $876 million.

For the fiscal full year, net income of $1.18 billion was reported, up from last yearโ€™s $98 million.

Copyright Photo: Brian McDonough. McDonnell Douglas MD-11 (F) N586FE (msn 48487) is seen at the Anchorage hub.

Alaska Air Cargo (Alaska Airlines) delivers the first Copper River Salmon of the season to Seattle/Tacoma

Alaska Air Cargo (Alaska Airlines) (Seattle/Tacoma) yesterday (May 14) delivered the season’s first shipment of Copper River salmon to Seattle-Tacoma International Airport (SEA). The arrival of Copper River salmon marks the start of the summer salmon season and is anticipated by seafood lovers throughout the Pacific Northwest and beyond.

Alaska Air Cargo’s fish-filled freighter arrived early this morning with Copper River king and sockeye salmon from three seafood processors: Ocean Beauty Seafoods, Trident Seafoods and Copper River Seafoods. At least four more Alaska Airlines flights will transport salmon from Cordova, Alaska, to Seattle and Anchorage, Alaska, and across the United States.

Alaska Airlines plays a significant role in supporting the Alaska seafood industry, which is recognized worldwide for its sustainable fishing practices. Last year, the carrier flew more than 25 million pounds of fresh Alaska seafood to the Lower 48 states and beyond, including nearly 700,000 pounds of Copper River salmon.

Copyright Photo: Michael B. Ing. Alaska Airlines’ dedicated freighter, Boeing 737-490 (F) N709AS (msn 28896) arrives at Anchorage with the unique titles.

Southern Air (2nd) accepts its first Boeing 777F for operation for Thai Airways International

Southern Air 777, originally uploaded by Steve__N.

Southern Air (2nd) (Anchorage) on February 17 took delivery of its first modern Boeing 777F freighter. Boeing 777-FZB N774SA (msn 37986) was accepted in a white condition. The freighter flew to Victorville, CA for painting in this somewhat generic 2010 livery with Thai’s web address. Southern Air is the world’s first ACMI operator of the 777F.

Thai Airways International (Bangkok) has entered into a block space agreement with Southern Air to utilize the full capacity of the first two 777Fs. Thai Cargo and Southern Air will officially announce the freighter operation in March at Thai Cargo’s facility at the Suvarnabhumi International Airport in Bangkok.

The second 777-FZB (N775SA, msn 37987) is also fully painted at Everett (Paine Field) and will be delivered on March 2.

Copyright Photo: Steve N. N774SA is pictured at the ANC base.