Continental Airlines Announces 2008 Full Year and Fourth Quarter Loss
Record fuel prices hurt results for full year; weak economic environment impacts fourth quarter
HOUSTON, Jan. 29 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today reported a 2008 net loss of $585 million ($5.54 diluted loss per share). Excluding $234 million of previously announced special items, Continental recorded a net loss of $351 million ($3.32 diluted loss per share) for the year.
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...new 180-degree lie-flat seats for the BusinessFirst cabin. Customers will begin seeing lie-flats seats on Continental's Boeing 777 and 757-200 aircraft that serve long-haul international routes in the fall of 2009, on its 767-400 aircraft (which will also receive AVOD entertainment systems) beginning in 2010
http://phx.corporate-ir.net/phoenix.zhtml?c=85779&p=irol-newsArticle&ID=1249676&highlight=
Continental's first 787 should arrive at the carrier close to two years passed its original target date, as carrier management readies for the first aircraft delivery in 2011.
http://www.flightglobal.com/articles/2009/01/29/321829/first-continental-787-scheduled-for-delivery-in-2011.html
Da blir det vel et julebord i Houston i januar 2012 da - kanskje, t/r med 787 i tillegg?
Tommy777
29-01-2009, 23:45
Delta:http://news.delta.com/article_display.cfm?article_id=11219
ATLANTA, Jan. 27, 2009 – Delta Air Lines (NYSE:DAL) today reported financial results for the quarter and year ended Dec. 31, 2008. Key points include:
Delta’s net loss for the December 2008 quarter was $340 million, or $0.50 per diluted share, excluding special items described below, and the impact of out-of-period fuel hedges.1 Results include $0.12 per diluted share from the negative non-cash impact of purchase accounting.
Delta would have reported a $167 million net profit excluding special items in the December 2008 quarter, if fuel had been purchased at market prices.
Delta’s reported net loss for the December 2008 quarter was $1.4 billion, including an over $900 million charge related to broad-based employee equity awards, and a $91 million loss on out-of-period fuel hedges.
Delta completed its merger with Northwest on Oct. 29, 2008, creating the world’s largest airline.
As of December 31, 2008, Delta had $6.1 billion in total liquidity and cash collateral posted with hedge counterparties.
AA
EXCLUDING SPECIAL CHARGES, FOURTH QUARTER LOSS WAS $214 MILLION
COMPANY REPORTS $2.1 BILLION LOSS FOR 2008; LOSS WAS $1.2 BILLION EXCLUDING SPECIAL ITEMS, WITH HIGHER FUEL PRICES DRIVING $2.7 BILLION OF ADDITIONAL FUEL EXPENSE COMPARED TO 2007
Facing Economic Uncertainty and Fuel Price Volatility in 2009, Company Plans to Further Trim Capacity, Enhance Global Network, Execute on Fleet Replacement, and Focus on Balance Sheet and Dependability
FORT WORTH , Texas – AMR Corporation, the parent company of American Airlines, Inc., today reported a net loss of $340 million for the fourth quarter of 2008, or $1.22 per share.
http://www.aa.com/content/amrcorp/pressReleases/2009_01/21_4q08.jhtml
Alaska
http://www.alaskasworld.com/newsroom/asnews/asstories/AS_20090129_050725.asp
Alaska Air Group Reports 2008 Fourth Quarter And Full Year Results
Company reports fourth quarter profit excluding $92 million of special items
1/29/2009 5:09 a.m.
Fourth quarter financial highlights:
•Net income excluding special items of $16.4 million, or $0.45 per diluted share, compared to a $17.9 million net loss, or $0.46 per share, in the fourth quarter of 2007. This compares to a First Call mean estimate of a $0.04 loss per share.
•A net loss under Generally Accepted Accounting Principles (GAAP) of $75.2 million, or $2.08 per share, compared to income of $7.4 million, or $0.19 per diluted share, in 2007.
•Nearly $1.1 billion in unrestricted cash and marketable securities as of Dec. 31, 2008.
•Debt-to-capital ratio increases to 81 percent: 19 percent at Dec. 31, 2008, from
70 percent: 30 percent at Dec. 31, 2007, due to a significant decline in the funded status of the company's defined-benefit pension plans, increases in outstanding long-term debt and the full year GAAP loss.
SEATTLE — Alaska Air Group, Inc. (NYSE: ALK) today reported a fourth quarter 2008 net loss of $75.2 million, compared to net income of $7.4 million in the fourth quarter of 2007. Excluding special items, the company reported a net profit of $16.4 million, or $0.45 per diluted share, compared to a net loss of $17.9 million, or $0.46 per share, in the fourth quarter of 2007.
Special items for the fourth quarter include the following:
•Restructuring charges of $9.2 million ($5.8 million after tax, or $0.16 per share);
•CRJ-700 fleet transition costs of $6.7 million ($4.2 million after tax, or $0.12 per share);
•Mark-to-market fuel hedge adjustments of $80.2 million ($50.3 million after tax, or $1.39 per share); and
•Realized losses on the early termination of fuel hedge contracts originally scheduled to settle in 2009 and 2010 of $50 million ($31.3 million after tax, or $0.86 per share).
The company reported a full year 2008 net loss of $135.9 million, compared to net income of $124.3 million in 2007. Excluding the full year impact of the special items noted above, the $42.3 million benefit ($26.5 million after tax, or $0.73 per share) from changes in the company's Mileage Plan program in the third quarter and MD-80 fleet transition costs, the company reported a 2008 net profit of $4.4 million, or $0.12 per diluted share, compared to $91.6 million, or $2.26 per diluted share, in 2007.
Frontier:
http://www.frontierairlines.com/frontier/who-we-are/news-media/press-releases.do
DENVER, Jan. 28 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. today filed its Monthly Operating Report for December 2008. Frontier reported a consolidated operating profit of $18.9 million and a net profit of $18.7 million for the month. Excluding special items, the Company reported an operating profit of $18.3 million and a net profit of $17.0 million. The Company, excluding special items, reported an operating margin of 16.8 percent and a total net margin of 15.5 percent for the month.
Special items for the month included:
Non-cash mark-to-market gains on fuel hedge contracts of $0.6 million
Net gain of $1.4 million in reorganization expense, due to the sale of two A319 aircraft sold in the month for a book gain of $4.1 million, which was offset by other reorganization expenses of $2.7 million
Loss on early extinguishment of debt of $0.3 million
When combining the Operating Reports for each of the months comprising the December quarter, the Company reported a consolidated operating profit of $5.6 million and a net profit of $1.1 million. Excluding special items, the Company reported an operating profit of $14.4 million and a net profit of $7.7 million for the quarter.
Special items for the quarter included:
Non-cash mark-to-market losses on fuel hedge contracts of $8.7 million
Charges of $0.4 million on early extinguishment of debt
Gain of $2.7 million in reorganization activities, including $8.1 million on the sale of four A319 aircraft and expenses of $5.4 million
Frontier's cash position increased to $69.1 million for the period ending December 2008. The Company realized net proceeds of $25.5 million from the sale of two aircraft, which was offset by a decrease in working capital due to the traditionally low booking period at the end of the year.
"These outstanding results are a testament to the sacrifices and hard work put forth by all of our employees," said Frontier President and CEO Sean Menke. "We have worked extremely hard throughout our restructuring to achieve these results that are bucking industry trends. Despite significant competitive pressure and a rapidly changing macro-economic environment, we have been able to reduce our operating expenses, increase revenues and maintain our high quality of service."
Financial and restructuring highlights during the quarter:
For the quarter, mainline unit costs excluding fuel, decreased 4.2 percent to 6.20 cents, despite a 16.0 percent reduction in mainline capacity, an 8.0 percent reduction in stage length and an average fleet utilization decrease of 7.2 percent
For the quarter year-over-year, mainline passenger unit revenue increased by 7.2 percent, and total mainline unit revenue increased by 10.2 percent
Load factor for the quarter improved 3.9 points versus the prior year period
Negotiated and secured long-term concessionary agreements with all represented labor groups
Successfully launched AirFairs, an innovative, customer-friendly fare structure that lets customers choose from one of three fare levels that best meets their specific travel needs
Sold four A319 aircraft, adding significant liquidity to the Company
Among the industry leaders in key DOT performance metrics
Companies in Chapter 11 bankruptcy protection are required to file monthly operating reports to the U.S. Trustee in addition to quarterly reports filed with the U.S. Securities and Exchange Commission.
Og Andreas sine Mad Dog favoritter fortsetter aa imponere!!
http://www.allegiantair.com/aaNews/aaNews20090126a.pdf