Continental Airlines, based in Houston, TX, officially switched from the SkyTeam alliance to Star Alliance. The move isn’t a surprise, as Continental’s intentions to switch were announced over a year ago. Star Alliance is the world’s first and largest airline alliance, consisting of founding members: Air Canada, Lufthansa, SAS, Thai Airways, and United Airlines. A [...]
Entries from October 2009
October 27, 2009
IATA Reports Airline CFOs More Confident
As airlines struggled this past third quarter, good news came from the International Air Transport Association (IATA). After surveying airline chief financial officers, the industry trade group reported an increase in market confidence from airline CFOs, with over 73 percent of them expecting profitability to improve over the next twelve months. How will airlines stack [...]
October 21, 2009
Allegiant Air Continues Profitability Streak
The nation’s cheapest, ancillary revenue friendly airline, Allegiant Air, reported a profit of $13.8 million this past quarter, making them the nation’s most profitable airline for this quarter. In a period of weak demand for air travel, Allegiant successfully boasts higher profit margins than any other carrier in the United States. What are they doing [...]
