Tag: george (Page 2 of 2)

Two Bodies Recovered After Amazon Cargo Plane Crash

February 25, 2019 / WIL BALDWIN

(Reuters) – Two bodies have been recovered from the wreckage of an Amazon Prime Air cargo plane that nosedived into a bay outside Houston on Saturday, and a search was ongoing for a third victim, authorities said.

All three people aboard the Boeing 767 cargo jetliner operated by Atlas Air Worldwide died in the crash as it approached Houston’s George Bush Intercontinental Airport, Atlas and Boeing Co said in statements on Sunday.

Chambers County Sheriff Brian Hawthorne told a news conference on Sunday that two bodies had been recovered and the search continued for the third person as well as the plane’s black boxes.

The sheriff’s office released a video showing fragments of the aircraft and cargo littering mudflats after the tide went out in the bay, exposing more of the crash site.

U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said the agency obtained about five seconds of security video from a local jail that showed the crash.

“The aircraft is in the video as it’s descending in a steep descent, a steep nose down attitude,” Sumwault told the press briefing, adding that there was no distress call.

Asked by a reporter if the incident was “anything more than a plane crash,” Federal Bureau of Investigation Special Agent Perrye Turner said, “that’s what we have right now.”

The plane crashed at the north end of Trinity Bay near the small city of Anahuac, about 20 miles (32 km) southeast of the airport around 12.40 p.m. (1340 EST) after taking off from Miami.

“This is a sad time for all of us,” Bill Flynn, Atlas Air’s chief executive officer, said in a statement. “Our team continues to work closely with the NTSB, the FAA and local authorities on the ground in Houston.”

Atlas Air Worldwide has been operating Boeing 767 freighters on behalf of Amazon following a 2016 deal.

Boeing said in a statement that it had sent a team to provide technical assistance to the NTSB as it conducted its investigation.

(Reporting by Andrew Hay in Taos, New Mexico; Editing by Daniel Wallis & Simon Cameron-Moore)

Cargo Jet with 3 on board crashes near Houston airport

February 23, 2019 / WIL BALDWIN

NEW YORK, Feb 23 (Reuters) – A Boeing 767 cargo jetliner with three people on board crashed into a bay near Houston’s George Bush Intercontinental Airport on Saturday, police and officials said.

Atlas Air Flight 3591 was en route to Houston from Miami when radar and radio contact with the plane was lost about 30 miles (48 km) southeast of the airport, the Federal Aviation Administration said in a statement.

The National Transportation Safety Board (NTSB) will be in charge of the investigation, the statement said, and FAA investigators were on their way to the crash site.

The Chambers County Sheriff’s office said the plane had been located in Jack’s Pocket, at the north end of Trinity Bay near the small city of Anahuac, according to a Facebook post by the sheriff’s office.

Ed Gonzalez, the sheriff of neighboring Harris County, which includes Houston, said on Twitter his office was sending personnel to help with the rescue efforts.

Boeing said on Twitter it was aware of reports of an accident involving a 767 in Texas and was gathering more information.

Atlas Air said there were three people on board the aircraft. “Those people and their family members are our top priority at this time,” the airline said in a statement.

The company, a subsidiary of Atlas Air Worldwide has been operating Boeing 767 freighters on behalf of Amazon following a 2016 deal.

“Our thoughts and prayers are with the flight crew, their families and friends along with the entire team at Atlas Air during this terrible tragedy,” Dave Clark, senior vice president of worldwide operations at Amazon, said in a statement.

(Reporting by Maria Caspani in New York Editing by Paul Simao)

United Bids for 6 New Slots at Tokyo’s Haneda Airport

February 21, 2019 / WIL BALDWIN

CHICAGO (Reuters) – United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo’s Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.

Haneda is located closer to downtown Tokyo than the capital’s other international airport Narita, and flies to more destinations throughout Japan, making it attractive for both business travelers and tourists.

Thursday is the deadline for applications to the U.S. Department of Transportation for the 12 extra Haneda slots that Japan has agreed to allot to U.S. airlines.

The extra slots for U.S. airlines were unlocked after Japan reached an agreement with the U.S. Air Force to open up new flight paths around a nearby U.S. air base, a move needed to boost Haneda movements in the run-up to the 2020 Olympics in Tokyo.

Completion of an aviation agreement between the U.S. and Japanese governments is expected later this year, United said. Flights are expected to begin service by the summer of 2020, once the U.S. Department of Transportation awards the slots.

U.S. carriers American Airlines Group, Delta Air Lines and Hawaiian Airlines are also expected to bid.

United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O’Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. The flights from Newark, Los Angeles and Guam would be new routes operated by Boeing 777 and 787 aircraft, while the flights from the other three hubs would be shifted from Narita.

Under the proposal, United said it would connect to 37 destinations in Japan from Haneda with its joint venture partner All Nippon Airways (ANA).

Industry analysts say a recent sale of Boeing 737 MAX aircraft to ANA may have weighed in the decision to grant more flying rights for U.S. airlines into Haneda, which airlines compete for aggressively due to the airport’s proximity to the Japanese capital, a major center for global commerce.

(Reporting by Tracy Rucinski; Editing by Chizu Nomiyama)

A United Airlines plane with the Continental Airlines logo on its tail, sits at a gate at O’Hare International airport in Chicago October 1, 2010. REUTERS/Frank Polich/File Photo

SkyWest Rewards Investors With Dividend Hike & New Buyback

February 7, 2019 / WIL BALDWIN

In a regulatory filing, SkyWest SKYW announced that its board of directors has approved a new share repurchase program worth $250 million. Also, the regional carrier raised its quarterly dividend by 20%. Notably, this St. George, UT-based carrier has been consistently rewarding its shareholders for quite some time.

Twin Shareholder-Friendly Moves

This Zacks Rank #1 (Strong Buy) company hiked its quarterly dividend to 12 cents per share (annualized 48 per share), representing a 20% improvement from the previous payout of 10 cents per share (annualized 40 cents per share). The new dividend, which has been approved by the company’s board of directors, will be paid on Apr 4, 2019 to its stockholders of record as of Mar 29. The dividend yield based on the new payout and the Feb 6 closing market price is approximately 0.9%.

Click the link below for the full story!

https://finance.yahoo.com/news/skywest-rewards-investors-dividend-hike-121412826.html

United Airlines Reports Full-Year and Fourth-Quarter 2018 Performance

January 15, 2019 / WIL BALDWIN

PR Newswire – January 15, 2019

Q4 unit revenue up 5.0% year-over-year; full-year diluted 2018 EPS of $7.70; adjusted diluted EPS of $9.13

CHICAGO, Jan. 15, 2019 /PRNewswire/ — In a departure from industry trends, United (UAL) announced today that its fourth-quarter unit revenue came in at the high end of its guidance range and also exceeded its full-year adjusted diluted earnings per share target laid out last January. UAL reported full-year net income of $2.1 billion, diluted earnings per share of $7.70 (a 9.1 percent increase year-over-year), pre-tax earnings of $2.7 billion and pre-tax margin of 6.4 percent. UAL reported adjusted full-year net income of $2.5 billion, adjusted pre-tax earnings of $3.2 billion and adjusted pre-tax margin of 7.7 percent.¹UAL increased its full-year 2018 adjusted diluted earnings per share outlook three times during the year despite a $2.4 billion year-over-year headwind from fuel. Full-year adjusted diluted earnings per share increased 33.5 percent year-over-year to $9.13, above the high end of the company’s most recent guidance range.

“United’s financial performance is a testament to the successful implementation of the first year of our strategic plan and to the record-setting operational performance powered by the more than 90,000 airline professionals who work at United,” said Oscar Munoz, chief executive officer of United Airlines. “United delivered proof, not just promises in 2018 – even in the face of significant headwinds from higher than expected fuel costs. It’s why I couldn’t be more proud of our winning culture and customer-focused team and continue to be enthusiastic about United’s bright future.”

For 2019, UAL expects adjusted diluted earnings per share to again grow year-over-year to between $10.00 to $12.00.²

UAL reported fourth-quarter net income of $462 million, diluted earnings per share of $1.70, pre-tax earnings of $556 million and pre-tax margin of 5.3 percent.
UAL reported fourth-quarter adjusted net income of $657 million, adjusted diluted earnings per share of $2.41 and adjusted pre-tax earnings of $814 million.
UAL reported fourth-quarter adjusted pre-tax margin of 7.8 percent,¹ expanding margin on an adjusted basis of 0.9 points versus the fourth-quarter of 2017.
UAL recovered 98% percent of the year-over-year increase in fuel prices in 2018.
Consolidated fourth-quarter passenger revenue per available seat mile (PRASM) increased 5 percent year-over-year, at the high end of the company’s fourth-quarter 2018 guidance range.
Consolidated fourth-quarter unit cost per available seat mile (CASM) increased 7.0 percent year-over-year.
Consolidated fourth-quarter CASM, excluding special charges, third-party business expenses, fuel and profit sharing, decreased 0.7 percent year-over-year.
Employees earned $334 million in profit sharing for 2018.

For more information on UAL’s first-quarter and full-year 2019 guidance, please visit ir.united.com for the company’s investor update.

2018 Highlights

Record-Setting Operational Performance³

Set new UAL records by flying the most revenue passengers ever, operating the most mainline departures and achieving the fewest cancellations ever in a year, resulting in more UAL customers departing on-time in 2018 than ever before.
For the year, achieved the best completion rate in company history with more than 1.7 million flights.
In 2018, achieved the best ever company STAR performance (first departures of the day), with nearly 250,000 flights leaving on time.
In the fourth quarter, the company achieved top-tier performance in on-time departures among its largest competitors. For the December holiday season, UAL had its best-ever on-time departure performance while flying the most revenue customers it had ever flown during the holiday period.

Customer Experience

Opened three new United Polaris lounges located in San Francisco International Airport, Newark Liberty International Airport and Houston’s George Bush Intercontinental Airport.
Announced UAL’s newest premium seating, United® Premium Plus, which will provide more space, comfort and amenities on select international flights starting later this year.
Introduced a new boarding process designed to reduce customers’ stress by reducing time spent waiting in line and providing them with improved boarding information.
Expanded personal device entertainment option to all aircraft, providing at least one free entertainment option on all Wi-Fi equipped aircraft.
MileagePlus loyalty program voted Best Overall Frequent-Flyer Program in the world for the 15th consecutive year by readers of Global Traveler, and voted Favorite Frequent-Flyer Program in the Trazee Awards.

Employees

Employees earned incentive payments totaling approximately $14 million for achieving operational performance goals in the quarter, marking a full year of earned incentive payments totaling $55 million.
Introduced and trained over 90,000 team members on UAL’s new customer service decision framework, the core4, which focuses on the principles of safe, caring, dependable and efficient.
Deployed 6,000 iPads to maintenance employees, improving reliability and efficiency.
Unveiled a state-of-the-art flight training center in Denver, Colorado – the largest in the world and home to the company’s more than 30 full flight simulators representing all of UAL’s fleet types.
Successfully completed the full implementation of the flight attendant joint collective bargaining agreement, allowing the company to operate more efficiently and reliably.
Achieved the top score of 100 percent on the 2018 Disability Equality Index (DEI), a prominent benchmarking metric that rates U.S. companies on their disability inclusion policies and practices, also earning UAL a place on DEI’s 2018 “Best Places to Work” list.
Received “Best-of-the-Best” Award from the National LGBT Chamber of Commerce and National Business Inclusion Consortium for commitment to diversity and inclusion across all communities.

Network

Introduced 93 new routes, adding more flights in 2018 than any other U.S. airline.
Announced new international service including Washington-Dulles to Tel Aviv, Israel; San Francisco to Amsterdam, Netherlands; Newark/New York to Naples, Italy; as well as Newark/New York to Prague, Czech Republic and Denver to Frankfurt, Germany, all subject to government approval.
Launched several exciting new international routes including Houston to Sydney, San Francisco to Tahiti and Denver to London.
Announced schedule expansion at East Coast hubs in Newark/New York and Washington-Dulles to offer more nonstop flights to destinations popular with New York-area customers while reallocating largely connecting passenger flights to Washington-Dulles.
Announced a joint business agreement with Compañía Panameña de Aviación S.A. (Copa), Aerovías del Continente Americano S.A. (Avianca) and many of Avianca’s affiliates, pending government approval.

Fleet

Took delivery of 21 new Boeing aircraft, including four 777-300ER, four 787-9, three 787-10 and ten 737 MAX 9 aircraft.
In December 2018, ordered an additional four Boeing 777-300ER aircraft and 24 737 MAX aircraft.

Community and Environment

Pledged to reduce the company’s greenhouse gas emissions by 50 percent by 2050, the only U.S. airline to commit to emissions reductions, further strengthening UAL’s ambition to be the world’s most environmentally conscious airline.
Announced a total of $8 million in grants to benefit organizations in each of UAL’s domestic hub communities.
Announced new global partnership with the Special Olympics and flew hundreds of Team USA Olympic and Paralympic Winter Games 2018 athletes, coaches and family members to PyeongChang, South Korea, continuing the 38-year relationship between UAL and the United States Olympic Committee.
Ranked No. 1 among global carriers in Newsweek’s 2017 Global 500 Green Rankings, one of the most recognized environmental performance assessments of the world’s largest publicly traded companies.
Launched a Crowdrise fundraising campaign to support those affected by Hurricane Florence, Typhoon Mangkhut, flooding in Western Japan, wildfires in California and other disasters.

Earnings Call

UAL will hold a conference call to discuss its fourth-quarter and full-year 2018 financial results and its financial and operational outlook for the first quarter and full year of 2019 on Wednesday, January 16, at 9:30 a.m. Central time /10:30 a.m. Eastern time. A live, listen-only webcast of the conference call will be available at ir.united.com. The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months.

SkyWest To Sell ExpressJet Airlines

December 18, 2018 / WIL BALDWIN

ST. GEORGE, UTAH, December 18, 2018 – SkyWest, Inc. (NASDAQ: SKYW) today announced that it ishas entered into definitive agreements to sell ExpressJet Airlines, Inc. (“ExpressJet”) to United Airlines(“United”) joint venture ManaAir, LLC. The transaction is expected to close in early 2019, subject tocustomary closing conditions.

Consideration for the transaction includes approximately $70 million in cash for the majority of the assetsand the assumption of liabilities of ExpressJet, subject to a working capital adjustment. The ExpressJetassets excluded from the transaction will be utilized or liquidated by SkyWest. The expected realizablevalue to SkyWest of the remaining inventory is estimated to approximate the value of the working capitaladjustment. SkyWest will retain ownership of the CRJ aircraft currently in service at ExpressJet.

The transaction also includes certain protections around existing SkyWest Airlines flying, as well as priorityposition to add 25 new dual-cabin aircraft with United should those opportunities arise. As part of thetransaction, SkyWest has also agreed to lease 20 CRJ200s to ExpressJet for up to five years.

“Today’s announcement provides further clarity and focus for the future,” said Chip Childs, SkyWest, Inc.President and Chief Executive Officer. “We want to thank the employees of ExpressJet for their valuedcontributions and we look forward to continuing to strengthen our partnership with United.”

About SkyWest

Based in St. George, Utah, SkyWest, Inc. is the holding company for two scheduled passenger airlineoperations and an aircraft leasing company with more than 17,000 employees. SkyWest’s airlinecompanies provide commercial air service in cities throughout North America with more than 2,500 dailyflights carrying approximately 50 million passengers annually. SkyWest Airlines operates throughpartnerships with United Airlines (“United”), Delta Air Lines (“Delta”), American Airlines (“American”) andAlaska Airlines. ExpressJet Airlines operates through partnerships with United and American. This pressrelease and additional information regarding SkyWest can be accessed at inc.skywest.com.

Forward-Looking Statements

In addition to historical information, this release contains forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Words such as “forecasts,” “expects,” “intends,” “believes,” “anticipates,”“estimates”, “should,” “likely” and similar expressions identify forward-looking statements. Such statements include, but arenot limited to, statements about the expected terms, timing and benefits related to the ExpressJet transaction, SkyWest’sfuture financial and operating results, plans, objectives, expectations, estimates, intentions and outlook, and otherstatements that are not historical facts. All forward-looking statements included in this release are made as of the datehereof and are based on information available to SkyWest as of such date. SkyWest assumes no obligation to update anyforward-looking statement. Readers should note that many factors could affect the future operating and financial results ofSkyWest, SkyWest Airlines or ExpressJet, and could cause actual results to vary materially from those expressed inforward-looking statements set forth in this release including the risk that the ExpressJet transaction may not close on theterms or timing described herein, or at all. Additional risk factors, cautionary statements and other conditions which couldcause SkyWest’s actual results to differ materially from management’s current expectations are contained in SkyWest’sfilings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and QuarterlyReports on Form 10-Q.

Story and image from http://www.skywest.com

Houston losing its only nonstop flight to Africa

March 9, 2018 / WIL BALDWIN

A charter flight between George Bush Intercontinental Airport (IAH) and the continent of Africa reportedly will end this month.

Known as the “Houston Express,” the 7,700-mile flight is operated by Atlas Air Worldwide Holdings (Nasdaq: AAWW) on behalf of SonAir Airline Services SA, a subsidiary of Angolan national petroleum company Sonangol Group. It would fly between IAH and Luanda, Angola, a few times per week throughout the year and is set to end March 28, according to reports from the Houston Chronicle, PointsPros Inc. travel blog One Mile at a Time and aviation news site Airline Geeks.