Airlines Expect Things To Turn Better By Summer | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 02.19.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Airborne-YouTube

Airborne 02.19.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Tue, Apr 14, 2009

Airlines Expect Things To Turn Better By Summer

But First They Have To Swallow Q1 Lumps

We've seen aircraft manufacturers preparing for a recession lasting through late 2010. The Obama administration has sounded cheery by comparison, predicting we'll see a turnaround by the end of this year.

But now, some analysts say we may see an upturn in airline travel by this summer.

The Dallas Morning News reports American Airlines parent AMR Corp. will kick off the earnings season Wednesday with its first-quarter report... and an expected loss of close to $425 million for the time period.

Combined, US domestic passenger airlines are expected lose a combined $2 billion for the three months ending March 31, excluding one-time and special charges. Only low-cost carrier Southwest is expected to eke out a small profit, thanks to a strong January but falling numbers in February and March.

But even starting with that handicap, analysts expect the industry to turn a net profit for the full year.

In a recent report to investors, Robert McAdoo of Avondale Partners commented, "...the level of pessimism in the marketplace seems to be fading. Indications are that things may have bottomed as airlines head into peak travel season."

Among the year-to-year differences which make direct historical comparisons different, a travel spike caused by the Easter and Passover season landed in the first quarter last year, but in April this year.

All told, the consensus among analysts surveyed by the DMN is that March will go down as the low point, and industry profits will total a billion dollars in the second quarter and more than $2 billion for full-year 2009.

FMI: www.aa.com, www.southwest.com

Advertisement

More News

AMA Drone Report 02.15.18: AMA Expo East, Skydio R1, TSB Canada Report

Also: DJI Knowledge Quiz, GoFly Competition, Drone ID Rules Coming, FAA Unenthusiastic About Prosecuting? The Academy of Model Aeronautics will host the annual AMA Expo East at the>[...]

Airborne 02.16.18: R66 Wire-Strike Protection, Elk v Helo, Trump Budget

Also: Red Bull Picks Hartzell, SNC Dream Chaser, CH-53K Demo's Vehicle Lift, Emirates Firms Up A380 Orders Robinson has added wire strike protection provisions to its R66 options l>[...]

Airborne-Unmanned 02.13.18: FAA UAS Symposium, Airbus Delivers, Manned EHANG 184

Also: UAS Pilot Code, FAA Drone Program, SkyWatch Funding, Quantix Hybrid UAS For Farmers The FAA and AUVSI will co-host the 3rd Annual FAA Unmanned Aircraft Systems (UAS) Symposiu>[...]

Aero-News: Quote of the Day (02.19.18)

“We are excited that InstantEye has been selected by the Marines as their squad-level sUAS asset. We worked with the Navy and the Marines for some time as they tested and eva>[...]

ANN's Daily Aero-Linx (02.19.18)

Aero Linx: European Air Law Association (EALA) EALA was established in 1988 with the aim to promote the study of European air law and to provide an open forum for those with an int>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC