Word: airlinese
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The weather was humid but not unusual as Flight 123 lifted off runway C-15-L at Haneda and climbed through a light cloud cover. At the controls was Captain Masami Takahama, 49, who had flown for JAL since 1966 and was so highly regarded that he had been transferred...
The cabin had lost pressure: the white mist was caused by the rush of the cold outside air into the passenger area. The vent to which Ochiai referred was a modification made in wide-bodies after a Turkish Airlines DC-10 lost its cargo door near Paris in 1974 and...
The major airlines aren't commenting on why they don't have more aggressive hedging positions--or any positions at all in some cases. But there is no question that higher energy prices are crippling the industry, which will spend $6.8 billion more on jet fuel this year than last...
Even the most successful airlines are likely to run into difficulties on the hedging front soon. With oil prices so high for so long, no investment bank is willing to cover $26 barrels of oil for anyone, no matter how much cash the airlines can put up front. That's...
Alaska Airlines, with $800 million in cash, is second to Southwest in benefiting from hedging, according to industry analyst Cordle. The low-cost carrier, which largely serves the West Coast, has netted more than $100 million in savings from its smart hedging positions since 2002. This year the airline will...