DOCSLIB.ORG

Global Airlines

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Global Airlines Group #6 - Brian Gabriel Purba - Zhen(Bruno) Liu - Fayassir Haqna AGENDA Industry Overview o Terminology o Characteristics of Airline Industry o History o Current Status/Trends o Outlook Singapore Airlines Southwest Airlines United Airlines TERMINOLOGY ATK: Available Tonne Kilometres • Measure available total capacity of passenger and cargo ASK: Available Seat Kilometers • [number of seats available] * [number of kilometers flown] RPK: Revenue Passenger Kilometers • [number of passengers] * [number of kilometers flown] FTK: Freight Tonne Kilometers • [Freight tonnes carried] * [kilometers flown] YIELD: • [Revenue] / [RPK] • Represents an aggregate of all the airfare and airline charges and measured on a per kilometer basis LOAD FACTOR: Capacity Utilization • [RPK] / [ASK] • [number of passengers] / [number of seats available] BREAK-EVEN LOAD FACTOR: • [Unit Cost] / [Yield] • Operating cost = operating revenue INDUSTRY CHARACTERISTICS • Very competitive industry • Powerful supplier (Boeing and Airbus) • Capital intensive industry • Sensitive to business cycle • High operating costs • Low profit Margin CATEGORY •International •National •Regional •Cargo COMPARISON HISTORY OF AIRLINE INDUSTRY Airline Industry began in early 1900s On December 17, 1903, Orville and Wilbur Wright built up the first powered flight The world’s first Airline was DELAG, it was found on November 16, 1909 The first fixed wing scheduled air service Commercial flight flew from St. Petersburg, Florida to Tampa, Florida (23 minutes,18 miles). KLM operated its first flight in 1919 making it the oldest carrier which is still operated today. In WW I, the military value of aircraft was quickly recognized o After WW I, a large number of military planes were became available for civilian use As a consequence of WW I, nearly 20 small passenger airlines were created using bomber planes, notably in Germany, France and Great Britain. REGULATIONS 1925, the Air Commerce Act (airways, certify aircraft, license pilots, and issue and enforce air traffic regulations) 1938, the Civil Aeronautics Act established the Civil Aeronautics Board (CAB) (routes and ticket prices) 1978, the Airline Deregulation Act (introducing a free market) In 2010 and 2011, the U.S. Department of Transportation (safety standards and other operating procedures) Internationally, the International Civil Aviation Organization (worldwide standards for safety and other vital concerns) CONDITIONS AFFECTING AIRLINE INDUSTRY Airport capacity Route structures Technology Costs to lease or buy physical aircraft Weather Fuel cost Labor Economy Regulations AIR TRANSPORT SYSTEM FLOW CHART ROUTE STRUCTURE Point-to-point Hub and Spoke Used by low cost (discount) carriers Used by legacy carriers Shorter routes, usually regional/domestic Allows more distant and international routes Decreased connection and travel times Utilize main airports as hubs Increased utilization leads to lower unit cost Lead to more efficient use of transportation resource Avoid domino effect Centralized model result in inflexible Require more routes, less flexibility in destination operation STAR ALLIANCE World’s largest global airline alliances Star Alliance's 27 member airlines operate a fleet of approximately 4,657 aircraft, serve more than 1,330 airports in 192 countries and carry 641.1 million passengers per year on more than 18,500 daily departures STAR ALLIANCE DESTINATIONS AIRLINE CAPACITY INDUSTRY REVENUE DRIVERS COMMERCIAL AIRLINE TREND COMMERCIAL AIRLINE TREND AIRLINE TRAFFIC AIRLINE REVENUE & GDP GLOBAL RPK RPK & WORLD GDP GLOBAL RPK PROJECTION OPERATING MARGINS (INDUSTRY) GLOBAL AIRLINE INDUSTRY PERFORMANCE PROFITABLE INDUSTRY INDUSTRY PERFORMANCE CONSUMER CONFIDENCE DECLINING COST DECLINING COST OF FUEL DECLINING COST OF FUEL STOCK INFORMATION 1 YEAR STOCK MOVEMENT 5 YEAR STOCK MOVEMENT 10 YEAR STOCK MOVEMENT MAX STOCK MOVEMENT 5 YEAR COMPARISON 10 YEAR COMPARISON DIVIDENDS STOCK INFORMATION (ADR) 1 YEAR STOCK MOVEMENT (ADR) 5 YEAR STOCK MOVEMENT (ADR) MAX STOCK MOVEMENT (ADR) 5 YEAR COMPARISON(ADR) 10 YEAR COMPARISON (ADR) HISTORY HISTORY COMPANY PROFILE • Based at Singapore Changi Airport • Incorporated in 1972 • State-owned company • The combined passenger network covers 133 destinations in 37 countries. • World’s most awarded airlines • Subsidiaries: SilkAir, Scoot, Tiger Airways (which operates as Tigerair) and SIA Cargo AWARDS KEY STRATEGY SUBSIDIARIES SUBSIDIARIES PORTFOLIO ROUTE MAP FLEET PROFILE OWNERSHIP MANAGEMENT TEAM Chairman - Peter Seah Lim Huat • Appointed as Chairman since 1 January 2017 • He was awarded the Distinguished Service Order in 2012 and the Public Service Star (Bintang Bakti Masyarakat) in 1999, and made a Justice of the Peace in 2003 • Chairman of DBS Bank Ltd, DBS Group Holdings Ltd, Singapore Health Services Ltd and LaSalle College of the Arts Limited. • He was with former Overseas Union Bank between 1977 and 2001, retiring as Vice Chairman and CEO. Prior to that, he was with Citibank N.A • Bachelor of Business Administration (Honours), University of Singapore MANAGEMENT TEAM Goh Choon Phong – CEO/Executive Director • He worked for SIA group for more than 20 years • Re-elected as director on 29 July 2016 • Appointed as CEO since 3 September 2010 • He joined the Company in 1990 and has held senior management positions in various divisions in Singapore and overseas. • Chairman of Budget Aviation Holdings Pte. Ltd., (Manages Scoot and Tigerair), • Director of SIA Engineering Company Limited, Education: • Master of Science in Electrical Engineering and Computer Science • Bachelor of Science in Computer Science & Engineering • Bachelor of Science in Management Science • Bachelor of Science in Cognitive Science • Massachusetts Institute of Technology MANAGEMENT TEAM Executive Vice President: Commercial - Mak Swee Wah • Member of SIA group since 2007 • He has been an Executive Vice President of Commercial at Singapore Airlines Ltd. since February 1, 2011 • Chairman of SilkAir • He graduated from the London School of Economics in 1982 with a Bachelor of Science (First Class Honours) degree in Accounting and Finance. Mr. Mak holds a Masters of Science degree in Operational Research from London School of Economics. MANAGEMENT TEAM Director - Gautam Banerjee • Re-elected as a director on 29 July 2016 • Senior Managing Director of Blackstone Group and the Chairman of Blackstone Singapore • Served as the Chief Operating Officer for the Asia Pacific region at PricewaterhouseCoopers Singapore since 2005 • He was a Nominated Member of Parliament in Singapore between 2007 and 2009. • He was awarded the Public Service Medal by the Singapore Government and an Honorary Doctor of Laws by the University of Warwick, England • Education: Bachelor of Science in Accounting and Financial Analysis, University of Warwick MANAGEMENT TEAM Director - Helmut Gunther William Panke • First appointment as director on 1 September 2009 • Served as the Chairman of Bayerische Motoren Werke Aktiengesellschaft (BMW) from May 16, 2002 until September 1, 2006 • Served as the CEO of BMW from 1993 to 1996 • Trained nuclear engineer, was with BMW AG from 1982 to 2006 • Graduated from the University of Munich in physics, having started his studies in 1968, and received his Ph.D in 1976 MANAGEMENT TEAM Senior Vice President: Finance/CFO - Stephen Barnes • Appointed as senior VP since 2014 • Member of SIA group since 2001 • Ex-Senior Director, Portfolio Management from October 2008 – January 2014 at Guggenheim Aviation Partners Ltd. • 30 Yeas of experiences in financial industry • Education: The Judd School, Tonbridge, UK MANAGEMENT TEAM Senior Vice President: Human Resources - Cheng Kian Hai • Serves as the Senior Vice President of Human Resources at Singapore Airlines Limited and served as its Acting Senior Vice President of Human Resources since February 1, 2009 OPERATING STATISTICS OPERATING PERFORMANCE OPERATING PERFORMANCE OPERATING PERFORMANCE REVENUE BY ROUTE REGION COST COMPOSITION FUEL EXPENDITURE FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS BALANCE SHEET (QUARTERLY) BALANCE SHEET (QUARTERLY) BALANCE SHEET (ANNUAL) BALANCE SHEET (ANNUAL) INCOME STATEMENT (ANNUAL) INCOME STATEMENT (ANNUAL) INCOME STATEMENT (QUARTERLY) INCOME STATEMENT (QUARTERLY) CASH FLOW STATEMENT (ANNUAL) CASH FLOW STATEMENT (ANNUAL) CASH FLOW STATEMENT (QUARTERLY) RECOMMENDATION HOLD STOCK INFORMATION 1-YEAR STOCK PRICE MOVEMENT 5-YEAR STOCK PRICE MOVEMENT 10-YEAR STOCK PRICE MOVEMENT MAX STOCK PRICE MOVEMENT COMPARISON OF 5- YEAR CUMULATIVE TOTAL RETURN AMONG SOUTHWEST AIRLINES CO., S&P 500 INDEX, AND NYSE ARCA AIRLINE INDEX LUV S&P 500 NYSE ARCA Airline DIVIDEND HISTORY SOUTHWEST AIRLINE Incorporated on March 9, 1967 Headquarters in Dallas, Texas The nation's largest carrier in terms of originating domestic passengers boarded (the U.S. Department of Transportation) 54,000+ employees and more than 100 million customers annually 101 destinations in the United States and nine additional countries with 3,900+ departures a day during peak travel season Operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based Wi-Fi providing gate-to-gate connectivity. As of May 17, 2017, this year Southwest has returned $1.1 billion to Shareholders through the payment of $123 million in dividends and the repurchase of $950 million in common stock. HISTORY – 1960 TO 1980 1967 1971 1973 1975 1978 Air Airline Southwest Common First flight Southwest established reaches
Recommended publications
  • ALPA Los Angeles Field Office Records

    ALPA Los Angeles Field Office Records

    Air Line Pilots Association Los Angeles Field Office 1955-1989 (Predominately 70s & 80s) 18 Storage Boxes 1 Manuscript Box Accession #247 Provenance The papers of the Airline Pilots Association of the Los Angeles Field Office were deposited to the Walter P. Reuther Library in 1976 and have been added to over the years since that time. Last addition was in 1991. Collection Information This is composed mainly of correspondence, minutes, reports and statistic concerning various airlines. The largest represented airlines include Continental Airlines, Flying Tiger Line, Trans World Airlines and Western Airlines. Important Subjects Air Safety Forum Airworthiness Review Briefs of Accidents Continental Airlines (CAL) Delta Airlines (DAL) Engineering & Air Safety Flying Tiger Line (FTL) LAX Area Safety Master Executive Council (MEC) Pan American World Airways (PAA) Trans World Airlines (TWA) United Airlines (UAL) Western Airlines (WAL) Important Correspondence Continental Airlines (CAL) Flying Tiger Line (FTL) Master Executive Council (MEC) Pan American World Airways (PAA) Trans World Airlines (TWA) United Airlines (UAL) Western Airlines (WAL) Box 1 1-1. AAH; Agreement; 1977 1-2. AAH; Amendment to Agreement; 1975 1-3. AAH; B 737 Crew Complement; 1971 1-4. Accident Investigation Committee; 1979 1-5. Active Grievances; 1966-1967 1-6. Age; Wage Analysis; 1974-1979 1-7. Air Safety Forum; 1955 1-8. Air Safety Forum; 1956 1-9. Air Safety Forum; 1957 1-10. Air Safety Forum; 1964 1-11. Air Safety Forum; 1968 1-12. Air Safety Forum; 1969 1-13. Air Safety Forum; 1972 1-14. Air Safety; General; 1967-1973 1-15. Air Safety Newsletter; 1958-1959 1-16.
  • Employee Reactions to Lottery-Based Incentives at United Airlines

    Employee Reactions to Lottery-Based Incentives at United Airlines

    Journal of Business Cases and Applications Volume 25 Employee reactions to lottery-based incentives at United Airlines Kelly Mollica University of Memphis ABSTRACT This case describes an event in 2018 when United Airlines announced to employees that its quarterly performance-based bonus system was being replaced with a lottery incentive program. Under the previous bonus system, employees were guaranteed a monetary bonus each quarter that specific performance goals were met by the company. For the new incentive program, employees’ names would be entered into a random lottery-style drawing, resulting in only a small percentage of employees receiving prizes ranging from cash to new cars to vacation packages. Due to overwhelmingly negative reaction from employees, United retracted the lottery program just three days after it was announced. The case asks students to consider why the lottery program was poorly received by employees. The case is designed for human resource management and general management courses as part of discussions on employee incentives, motivation, and performance management. Keywords: incentives, bonuses, rewards, customer service, employee feedback, United Airlines Copyright statement: Authors retain the copyright to the manuscripts published in AABRI journals. Please see the AABRI Copyright Policy at http://www.aabri.com/copyright.html Employee reactions to lottery, Page 1 Journal of Business Cases and Applications Volume 25 INTRODUCTION On a Friday in March 2018, United Airlines President Scott Kirby sent a company-wide email to employees announcing an “exciting” new performance-based incentive program called Core4 Score Rewards. Within hours, Kirby’s announcement resulted in widespread anger from United employees, many of whom posted scathing criticisms of the program on social media.
  • Before Likely Receiving a Bailout, Airline Executives Touted Cuts to Base Salary – but Salary Often Made up a Small Amount of Their Compensation in SEC Filings

    Before Likely Receiving a Bailout, Airline Executives Touted Cuts to Base Salary – but Salary Often Made up a Small Amount of Their Compensation in SEC Filings

    Before Likely Receiving A Bailout, Airline Executives Touted Cuts To Base Salary – But Salary Often Made Up A Small Amount Of Their Compensation In SEC Filings Delta CEO Touted Cutting His Own Salary “By 100 Percent Through The Next Six Months” — Which SEC Filings Show Would Have Been 3 Percent Of His Total Compensation In 2018 Delta CEO Ed Bastian Said He Had “‘Cut [His] Own Salary By 100 Percent Through The Next Six Months.’” “Delta (DAL) CEO Ed Bastian: ‘As I mentioned last week, I've cut my own salary by 100 percent through the next six months. Our Board of Directors elected to forego their compensation over the next six months as well.’” [Yahoo! Finance, 3/30/20] 2018: Delta CEO Edward Bastian Made $14,982,448 In Total Compensation. [EDGAR – Delta Air Lines DEF 14A, 4/26/19] • Bastian’s Base Salary Was $891,667, About 5.9% Of His Total Compensation. [EDGAR – Delta Air Lines DEF 14A, 4/26/19] o Half Of That Was $455,834, Or About 3% Of His Total Compensation. • Bastian Did Not Receive A Bonus In 2016, 2017, Or 2018. [EDGAR – Delta Air Lines DEF 14A, 4/26/19] United Airlines CEO And President Said They Would Forgo Base Salaries Until At Least June 30th – In 2018 This Was, At Most, 6-Percent Of The CEO’s Compensation And 8-Percent Of The President’s Compensation United Airlines’ CEO And President Announced They Would Forgo Their Base Salaries Until At Least June 30 Wall Street Journal: United Airlines CEO Oscar Munoz And President J.
  • Annual Report 2000

    Annual Report 2000

    Northwest Northwest Annual Report Airlines Corporation Corporation Annual Report 2000 Northwest Airlines Corporation 5101 Northwest Drive St. Paul, MN 55000-3034 www.nwa.com ©2000 Northwest Airlines Corporation 2000 Northwest Airlines Annual Report 2000 CONDENSED FINANCIAL HIGHLIGHTS Northwest Airlines Corporation Year Ended December 31 Percent (Dollars in millions, except per share data) 2000 1999 Change FINANCIALS Operating Revenues $ 11,415 $ 10,276 11.1 Operating Expenses 10,846 9,562 13.4 Operating Income $ 569 $ 714 Operating Margin 5.0% 6.9% (1.9)pts. Net Income $ 256 $ 300 Our cover depicts the new Detroit terminal, Earnings Per Common Share: due to open in 2001. Basic $ 3.09 $ 3.69 Diluted $ 2.77 $ 3.26 Number of Common Shares Outstanding (millions) 85.1 84.6 NORTHWEST AIRLINES is the world’s fourth largest airline with domestic hubs in OPERATING STATISTICS Detroit, Minneapolis/St. Paul and Memphis, Asian hubs in Tokyo and Osaka, and a Scheduled Service: European hub in Amsterdam. Northwest Airlines and its alliance partners, including Available Seat Miles (ASM) (millions) 103,356 99,446 3.9 Continental Airlines and KLM Royal Dutch Airlines, offer customers a global airline Revenue Passenger Miles (RPM) (millions) 79,128 74,168 6.7 network serving more than 785 cities in 120 countries on six continents. Passenger Load Factor 76.6% 74.6% 2.0 pts. Revenue Passengers (millions) 58.7 56.1 4.6 Table of Contents Revenue Yield Per Passenger Mile 12.04¢ 11.58¢ 4.0 Passenger Revenue Per Scheduled ASM 9.21¢ 8.64¢ 6.6 To Our Shareholders .
  • Nantucket Memorial Airport Page 32

    Nantucket Memorial Airport Page 32

    OFFICIAL PUBLICATION OF THE NATIONAL AIR TRANSPORTATION ASSOCIATION 2nd Quarter 2011 Nantucket Memorial Airport page 32 Also Inside: • A Workers Compensation Controversy • Swift Justice: DOT Enforcement • Benefits of Airport Minimum Standards GET IT ALL AT AVFUEL All Aviation Fuels / Contract Fuel / Pilot Incentive Programs Fuel Quality Assurance / Refueling Equipment / Aviation Insurance Fuel Storage Systems / Flight Planning and Trip Support Global Supplier of Aviation Fuel and Services 800.521.4106 • www.avfuel.com • facebook.com/avfuel • twitter.com/AVFUELtweeter NetJets Ad - FIRST, BEST, ONLY – AVIATION BUSINESS JOURNAL – Q2 2011 First. Best. Only. NetJets® pioneered the concept of fractional jet ownership in 1986 and became a Berkshire Hathaway company in 1998. And to this day, we are driven to be the best in the business without compromise. It’s why our safety standards are so exacting, our global infrastructure is so extensive, and our service is so sophisticated. When it comes to the best in private aviation, discerning fl iers know there’s Only NetJets®. SHARE | LEASE | CARD | ON ACCOUNT | MANAGEMENT 1.877.JET.0139 | NETJETS.COM A Berkshire Hathaway company All fractional aircraft offered by NetJets® in the United States are managed and operated by NetJets Aviation, Inc. Executive Jet® Management, Inc. provides management services for customers with aircraft that are not fractionally owned, and provides charter air transportation services using select aircraft from its managed fleet. Marquis Jet® Partners, Inc. sells the Marquis Jet Card®. Marquis Jet Card flights are operated by NetJets Aviation under its 14 CFR Part 135 Air Carrier Certificate. Each of these companies is a wholly owned subsidiary of NetJets Inc.
  • United's Former Executive Chairman and CEO Talks to Brunswick's Jayne

    United's Former Executive Chairman and CEO Talks to Brunswick's Jayne

    scar munoz became ceo of United Airlines in 2015, fol- lowing 10 years as a member of the parent company’s board. He brought a diverse back- ground to the role, having held senior positions at telecoms OQwest and AT&T, consumer brands Coca-Cola and Pepsi, and freight transporter CSX. He was also the only Latino CEO of a major airline and one of only two among the Fortune 100. Munoz took the helm at one of the most chal- lenging points in United’s long history. When he took over United, three of its senior executives had abruptly left as a federal investigation was unfold- ing over the company’s dealings with New York Port Authority officials. Shortly after beginning his tenure, Munoz suffered a heart attack and was forced to undergo a heart transplant, raising fur- ther anxiety about the airline’s future. Remarkably, he was back to work barely a week after emerging from a 12-hour surgery. But the company’s challenges didn’t stop there. In 2017, a passenger video widely circulated on social media showed a passenger being dragged off an overbooked United Airlines flight by secu- United’s former rity. Within days, Munoz publicly apologized and Executive Chairman announced a comprehensive plan to avoid any and CEO talks to such situation in the future. He embarked on what Brunswick’s jayne he calls “a contrition tour, all over the world” to rosefield about take ownership of the mistakes made and restore managing the the company’s reputation. airline’s turnaround Over his four-year tenure, Munoz led United and hard-won out of a period of disarray and decline back to its lessons of leadership.
  • Covid–19'S Effects on U.S. Aviation and the Flightpath

    Covid–19'S Effects on U.S. Aviation and the Flightpath

    COVID–19’S EFFECTS ON U.S. AVIATION AND THE FLIGHTPATH TO RECOVERY (117–5) REMOTE HEARING BEFORE THE SUBCOMMITTEE ON AVIATION OF THE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE HOUSE OF REPRESENTATIVES ONE HUNDRED SEVENTEENTH CONGRESS FIRST SESSION MARCH 2, 2021 Printed for the use of the Committee on Transportation and Infrastructure ( Available online at: https://www.govinfo.gov/committee/house-transportation?path=/ browsecommittee/chamber/house/committee/transportation U.S. GOVERNMENT PUBLISHING OFFICE 44–274 PDF WASHINGTON : 2021 VerDate Aug 31 2005 11:22 Apr 28, 2021 Jkt 000000 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 P:\HEARINGS\117\AV\3-2-20~1\TRANSC~1\44274.TXT JEAN TRANSPC154 with DISTILLER COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE PETER A. DEFAZIO, Oregon, Chair ELEANOR HOLMES NORTON, SAM GRAVES, Missouri District of Columbia DON YOUNG, Alaska EDDIE BERNICE JOHNSON, Texas ERIC A. ‘‘RICK’’ CRAWFORD, Arkansas RICK LARSEN, Washington BOB GIBBS, Ohio GRACE F. NAPOLITANO, California DANIEL WEBSTER, Florida STEVE COHEN, Tennessee THOMAS MASSIE, Kentucky ALBIO SIRES, New Jersey SCOTT PERRY, Pennsylvania JOHN GARAMENDI, California RODNEY DAVIS, Illinois HENRY C. ‘‘HANK’’ JOHNSON, JR., Georgia JOHN KATKO, New York ANDRE´ CARSON, Indiana BRIAN BABIN, Texas DINA TITUS, Nevada GARRET GRAVES, Louisiana SEAN PATRICK MALONEY, New York DAVID ROUZER, North Carolina JARED HUFFMAN, California MIKE BOST, Illinois JULIA BROWNLEY, California RANDY K. WEBER, SR., Texas FREDERICA S. WILSON, Florida DOUG LAMALFA, California DONALD M. PAYNE, JR., New Jersey BRUCE WESTERMAN, Arkansas ALAN S. LOWENTHAL, California BRIAN J. MAST, Florida MARK DESAULNIER, California MIKE GALLAGHER, Wisconsin STEPHEN F. LYNCH, Massachusetts BRIAN K. FITZPATRICK, Pennsylvania SALUD O.
  • Filed by AMR Corporation Commission File No. 1-8400

    Filed by AMR Corporation Commission File No. 1-8400

    Filed by AMR Corporation Commission File No. 1-8400 Pursuant to Rule 425 Under the Securities Act of 1933 And Deemed Filed Pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: US Airways Group, Inc. Commission File No. 001-8444 Flight Service Update Flight Service News • Honoring 80 years of Flight Attendants at American! This month we begin an 8 month celebration recognizing and honoring 80 years of Flight Attendants at American Airlines. Each month we will raffle off prizes at each base, but in order to win, you must enter by completing a brief online survey. Also, look for information about ongoing celebrations in your @aa.com email and be sure to check out the Flight Service website where we’ve posted a special video to kick off this year’s celebration. • Check out the latest edition of “Arrivals” – a new joint merger communication for the employees of the new American. You’ll find it in your @aa.com email inbox. To access your inbox, click on the link located in the left column of the Jetnet sign on page or from the Flight Service website. Your sign on is your employee number and Jetnet password. For questions and answers click here. Need help? Go to http://helpdesk.aa.com/email where you can submit a question, search for answers, or chat live with an assistant. • Trying to keep track of all the great changes we’ve made at American? Well now it’s gotten even easier – simply go to the Flight Service website and click on the “Modernizing American” link found in the Helpful Links box.
  • The View from 35000 Feet: Navigating Lobal Opportunities And

    The View from 35000 Feet: Navigating Lobal Opportunities And

    Center for Strategic and International Studies TRANSCRIPT Scholl Chair Event “The View from 35,000 Feet: Navigating lobal Opportunities and Challenges in the Airline Industry” RECORDING DATE Wednesday, October 30, 2019 SPEAKERS Scott Kirby President, United Airlines HOST William Alan Reinsch Senior Adviser and Scholl Chair in International Business, CSIS Transcript by superiortranscriptions.com William Alan Reinsch: Well, welcome, everybody. Thank you for coming. It’s obvious that our guest knows lots of you personally. We could have just had a chat standing in the audience, but we’re going to formalize it a little bit. I’m really glad to be able to do this. One of the things that I think you know the Scholl Chair does, it’s the Chair in International Business. And we focus a lot on – particularly on how trade issues are affecting the business community. And we’ve spent a lot of time, if you’ve seen any of our recent publications, on the changing nature of the global economy, the U.S. role in the economy. And recently we spent a lot of time on how this is affecting workers and workforce development and worker training. We’ve also, though, done a series on advanced technologies. We did an event like this on blockchain. We did one on 3D printing. We did one on advanced vehicles a few weeks ago. And we’ve got, I hope, some more of those in the works. This one is a little bit different because we’re not talking – unless you’ve got a surprise for us, we’re not talking about hypersonic aircraft that are going to get people from here to London in 45 minutes, but we are going to talk about the state of a major industry, a major industry in the trade world, because of the cargo they move, but a major industry in the economy also because of the people they move, and an industry that, as you well know, is facing a lot of challenges on multiple fronts, not just here but in other locations as well.
  • 76812 United Airlines.Indd C-10 6 8 1 2 U N I T E D

    76812 United Airlines.Indd C-10 6 8 1 2 U N I T E D

    United Airlines, Time to Fly “Together” Analia Anderson, Derek Evers, Velislav Hristanov, Robert E. Hoskisson, Jake Johnson, Adam Kirst, Pauline Pham, Todd Robeson, Mathangi Shankar, Adam Schwartz, Richard Till, Craig Vom Lehn, Elena Wilkening, Gail Christian / Arizona State University United Airlines, formerly the wholly owned prin- Strong demand for air travel followed during cipal subsidiary of UAL Corporation, has experi- the post World War II economic boom that swept enced a significant amount of turbulence in its more the United States. In response, United expanded its than 80-year history. From its inception in 1926 workforce, acquired new routes, and purchased it has weathered many storms including mergers, the company’s first jet aircraft.3 On June 1, 1961, acquisitions, war, the Depression, strikes by labor United merged with Capital Airlines, then the fifth- unions, buyout and takeover attempts, terrorist largest air transport company in the United States, attacks, and bankruptcy. The most recent major and formed the world’s largest commercial airline. challenge to United and the global air transporta- In 1968, United’s stockholders approved the for- tion industry has been the global economic reces- mation of UAL, Inc., as a holding company, with sion. Then in October 2010, United Airlines joined United as a wholly owned subsidiary. with Continental Airlines in a merger that created The next 20 years were turbulent times for the the world’s largest airline, with more than 80,000 company and tested not only United, but also the employees. UAL Corporation changed its name entire airline industry. The company had six differ- to United Continental Holdings, Inc., with corpo- ent presidents between 1970 and 1989.
  • Questions, Answers, and Perspectives on the Current State of Airline Travel

    Questions, Answers, and Perspectives on the Current State of Airline Travel

    S. HRG. 115–154 QUESTIONS, ANSWERS, AND PERSPECTIVES ON THE CURRENT STATE OF AIRLINE TRAVEL HEARING BEFORE THE SUBCOMMITTEE ON AVIATION OPERATIONS, SAFETY, AND SECURITY OF THE COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION UNITED STATES SENATE ONE HUNDRED FIFTEENTH CONGRESS FIRST SESSION MAY 4, 2017 Printed for the use of the Committee on Commerce, Science, and Transportation ( U.S. GOVERNMENT PUBLISHING OFFICE 28–641 PDF WASHINGTON : 2018 For sale by the Superintendent of Documents, U.S. Government Publishing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Nov 24 2008 10:34 Feb 26, 2018 Jkt 075679 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 S:\GPO\DOCS\20170504 JACKIE SENATE COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION ONE HUNDRED FIFTEENTH CONGRESS FIRST SESSION JOHN THUNE, South Dakota, Chairman ROGER F. WICKER, Mississippi BILL NELSON, Florida, Ranking ROY BLUNT, Missouri MARIA CANTWELL, Washington TED CRUZ, Texas AMY KLOBUCHAR, Minnesota DEB FISCHER, Nebraska RICHARD BLUMENTHAL, Connecticut JERRY MORAN, Kansas BRIAN SCHATZ, Hawaii DAN SULLIVAN, Alaska EDWARD MARKEY, Massachusetts DEAN HELLER, Nevada CORY BOOKER, New Jersey JAMES INHOFE, Oklahoma TOM UDALL, New Mexico MIKE LEE, Utah GARY PETERS, Michigan RON JOHNSON, Wisconsin TAMMY BALDWIN, Wisconsin SHELLEY MOORE CAPITO, West Virginia TAMMY DUCKWORTH, Illinois CORY GARDNER, Colorado MAGGIE HASSAN, New Hampshire TODD YOUNG, Indiana CATHERINE CORTEZ MASTO, Nevada NICK ROSSI, Staff Director ADRIAN ARNAKIS, Deputy Staff Director JASON VAN BEEK, General Counsel KIM LIPSKY, Democratic Staff Director CHRIS DAY, Democratic Deputy Staff Director RENAE BLACK, Senior Counsel SUBCOMMITTEE ON AVIATION OPERATIONS, SAFETY, AND SECURITY ROY BLUNT, Missouri, Chairman MARIA CANTWELL, Washington, Ranking ROGER F.
  • Executive Summary

    Executive Summary

    Northwood COVID-19 Optimism Index 10/18/2020 Prepared by Northwood’s McNair Center for the Advancement of Free Enterprise and Entrepreneurship Executive Summary The Northwood University COVID-19 Optimism Index Executive Summary The Northwood University COVID-19 Optimism Index is prepared daily by the McNair Center for the Advancement of Free Enterprise and Entrepreneurship at Northwood University. The Index follows seven variables on a daily basis. The variables are (a) Total U.S. COVID cases, (b) Total U.S. COVID-related deaths, (c) Current U.S. COVID-19 Mortality Rate, (d) Performance of the Dow Jones Industrial Average (DJIA), (e) Performance of the NASDAQ Stock Exchange, (f) Performance of the Wilshire 5000 Stock Index, and (g) Movement in the yield on the U.S. Treasury 10-year Bond (see chart on next page). The index tracks variables c, d, e, f, and g in the calculation of its Index. The Index uses variable c as a proxy for the impact of the COVID-19 virus on the economy, variables d, e, and f as a proxy for the general health of the economy, and variable g, as a proxy for the general level of confidence in the economy. The Index measures movement from pre-COVID-19 crisis through the current COVID-19 crisis, a sustained measurement on the Index above of 65 to 70 is an indication that the economy is beginning to recover. When the Index reaches a level of 100 or 100 percent, it is a signal that the economy has returned to conditions close to or equal to those which existed pre-COVID-19 virus.