Dynamic Networks: with Application to U.S. Domestic Airlines∗
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
A Work Project, Presented As Part of Requirements for the Award of a Master Degree in Finance from the NOVA - School of Business and Economics
A Work Project, presented as part of requirements for the Award of a Master Degree in Finance from the NOVA - School of Business and Economics US Airways: The Ugly Girl Gets Married Again Milton José Andrade Figueira, n.º 2298 A Project carried out on the Master in Finance Program, under the supervision of: Professor Paulo Soares de Pinho January 2018 Abstract Title: US Airways: The Ugly Girl Gets Married Again This case follows US Airways’ performance from inception to the potential merger with bankrupted American Airlines in 2012. Throughout the case, several events that endangered the existence of US Airways are brought into light. These events serve as basis to introduce the value of leverage and financial distress costs. Moreover, the case reflects on the decision between out-of-court restructuring and chapter 11, while assessing distressed mergers and acquisitions. Finally, the potential merger is analyzed and the proposed solution is that new equity should be split 69-31 per cent between American Airlines’ unsecured creditors and shareholders, and US Airways’ shareholders. Keywords: Costs of Financial Distress, Bankruptcy, Mergers and Acquisitions, Deal Financing 2 Nova School of Business and Economics Paulo Soares de Pinho Milton Andrade Figueira US Airways: The Ugly Girl Gets Married Again “As one of you simply put it, “Why are we the ugly girl?” The answer, of course, is we are not and there’s no better evidence of that than our recent performance.” Douglas Parker - Chief Executive Officer, US Airways On January 2012, William Douglas Parker, usually treated as Doug Parker, US Airways Inc. -
Air Transport
The History of Air Transport KOSTAS IATROU Dedicated to my wife Evgenia and my sons George and Yianni Copyright © 2020: Kostas Iatrou First Edition: July 2020 Published by: Hermes – Air Transport Organisation Graphic Design – Layout: Sophia Darviris Material (either in whole or in part) from this publication may not be published, photocopied, rewritten, transferred through any electronical or other means, without prior permission by the publisher. Preface ommercial aviation recently celebrated its first centennial. Over the more than 100 years since the first Ctake off, aviation has witnessed challenges and changes that have made it a critical component of mod- ern societies. Most importantly, air transport brings humans closer together, promoting peace and harmo- ny through connectivity and social exchange. A key role for Hermes Air Transport Organisation is to contribute to the development, progress and promo- tion of air transport at the global level. This would not be possible without knowing the history and evolu- tion of the industry. Once a luxury service, affordable to only a few, aviation has evolved to become accessible to billions of peo- ple. But how did this evolution occur? This book provides an updated timeline of the key moments of air transport. It is based on the first aviation history book Hermes published in 2014 in partnership with ICAO, ACI, CANSO & IATA. I would like to express my appreciation to Professor Martin Dresner, Chair of the Hermes Report Committee, for his important role in editing the contents of the book. I would also like to thank Hermes members and partners who have helped to make Hermes a key organisa- tion in the air transport field. -
US Airways, Inc. (Exact Name of Registrant As Specified in Its Charter) (Commission File No
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2008 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to US Airways Group, Inc. (Exact name of registrant as specified in its charter) (Commission File No. 1-8444) Delaware 54-1194634 (State or other Jurisdiction of (IRS Employer Incorporation or Organization) Identification No.) 111 West Rio Salado Parkway, Tempe, Arizona 85281 (Address of principal executive offices, including zip code) (480) 693-0800 (Registrants telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock, $0.01 par value New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None US Airways, Inc. (Exact name of registrant as specified in its charter) (Commission File No. 1-8442) Delaware 54-0218143 (State or other Jurisdiction of (IRS Employer Incorporation or Organization) Identification No.) 111 West Rio Salado Parkway, Tempe, Arizona 85281 (Address of principal executive offices, including zip code) (480) 693-0800 (Registrants telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement related to US Airways Group, Inc.’s 2009 Annual Meeting of Stockholders, which proxy statement will be filed under the Securities Exchange Act of 1934 within 120 days of the end of US Airways Group, Inc.’s fiscal year ended December 31, 2008, are incorporated by reference into Part III of this Annual Report on Form 10-K. -
This Is the Us Master Pilot Scablist the Unionist's Edition
THIS IS THE US MASTER PILOT SCABLIST THE UNIONIST’S EDITION A SCAB is A Person Who is Doing What You’d be Doing if You Weren’t on Strike. A SCAB takes your job, a Job he could not get under normal circumstances. He can only advance himself by taking advantage of labor disputes and walking over the backs of workers trying to maintain decent wages and working conditions. He helps management to destroy his and your profession, often ending up under conditions he/she wouldn't even have scabbed for. No matter. A SCAB doesn't think long term, nor does he think of anything other then himself. His smile shows fangs that drip with your blood, for he willingly destroys families, lives, careers, opportunities and professions at the drop of a hat. He takes from a striker what he knows he could never earn by his own merit: a decent Job. He steals that which others earned at the bargaining table through blood, sweat and tears, and throws it away in an instant - ruining lives, jobs and careers. ONCE A SCAB, ALWAYS A SCAB - NEVER FORGET! Below are brief notes about legal strikes by organized pilots. 1. Century Airlines 1932: Pilots struck to resist wage reduction by E.L Cord, the patron saint of Frank Lorenzo. 2. TWA 1946: Pilots struck over pay on faster 4 engine aircraft, limited by the provisions of Decision 83. 3. National Airlines 1948: Strike over aircraft safety and repeated violations of the labor contract. 4. Western Airlines 1958: Qualifications of the Flight Engineer. -
Air Travel Consumer Report
Air Travel Consumer Report A Product Of The OFFICE OF AVIATION ENFORCEMENT AND PROCEEDINGS Aviation Consumer Protection Division Issued: February 2020 Flight Delays1 December 2019 Mishandled Baggage, Wheelchairs, and Scooters 1 December 2019 January - December 2019 Oversales1 4th Quarter 2019 January- December 2019 Consumer Complaints2 December 2019 (Includes Disability and January - December 2019 Discrimination Complaints) Airline Animal Incident Reports4 December 2019 January - December 2019 Customer Service Reports to 3 the Dept. of Homeland Security December 2019 1 Data collected by the Bureau of Transportation Statistics. Website: http://www.bts.gov 2 Data compiled by the Aviation Consumer Protection Division. Website: http://www.transportation.gov/airconsumer 3 Data provided by the Department of Homeland Security, Transportation Security Administration 4 Data collected by the Aviation Consumer Protection Division TABLE OF CONTENTS Section Page Section Page Flight Delays (continued) Introduction 3 Table 8 31 Flight Delays List of Regularly Scheduled Domestic Flights Explanation 4 with Tarmac Delays Over 3 Hours, By Marketing/Operating Carrier Branded Codeshare Partners 5 Table 8A Table 1 6 List of Regularly Scheduled International Flights with 32 Overall Percentage of Reported Flight Tarmac Delays Over 4 Hours, By Marketing/Operating Carrier Operations Arriving On-Time, by Reporting Marketing Carrier Appendix 33 Table 1A 7 Mishandled Baggage Overall Percentage of Reported Flight Explanation 34 Operations Arriving On-Time, by Reporting -
The Supply and Demand for Commercial Airline Pilots: Impact of Changing Requirements
Research in Business and Economics Journal Volume 13 The supply and demand for commercial airline pilots: Impact of changing requirements Jan W. Duggar University of North Florida ABSTRACT This study evaluates the impact of changes in the laws and FAA regulations pertaining to the training, scheduling and experience of certified Airline Transport Pilots on the future supply of commercial airline pilots. It examines the methodology and conclusions reached in supply and demand studies conducted by government agencies and researchers from universities. Using both FAA data and methodology from previous studies, it estimates the supply and demand for certified Airline Transport Pilots for the period 2016-2035. The study specifically examines the supply issues relating to the cost of pilot training, expected retirements, attrition, the number of military pilots, international demand, and the hiring practices of airlines. It also examines the demand for pilots in terms of manning requirements for the FAA estimated fleet of commercial aircraft, turbine general aviation, and air taxi aircraft. The expected shortage will require airlines to raise entrance level salaries and help address training costs and financing to assure an adequate future supply of qualified pilots. Keywords: Pilot supply, pilot training, pilot demand, pilot rest requirements The supply and demand, Page 1 Research in Business and Economics Journal Volume 13 INTRODUCTION There has been substantial turmoil in the demand for Airline Transport Pilots (ATP) over the past 15 years primarily due to the sharp drop in demand by the flying public for airline seats following the 9/11 attack on the United States; the increase in ticket prices due to higher fuel costs; and the decline in demand, again, in 2008-09 due to the economic recession. -
The New American Infographic Video Outline
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 The New American Infographic Video Outline 1. Text 1: We each have rich histories Visual: - AA: Chief Pilot Charles Lindbergh pioneers airmail delivery between St. Louis and Chicago in 1926 - US: US Airways takes flight in 1939 as All American Aviation, later All American Airways - AA: In 1934, American Airways becomes American Airlines - US: Allegheny Airlines becomes US Air in 1979 - AA: American moves its headquarters from NYC to DFW in 1979 - US: In 1987, Piedmont joins US Air Group - AA: American helps form oneworld - US: US Airways merges with Pacific Southwest Airlines in 1988 and America West in 2005 Text 2: Blazing new trails for our people - AA: American hires the first African American pilot for a major airline - AA: Mohawk Airlines hires the first African American flight attendant - AA: American hires the first female pilot for a major airline - AA: and the first female Captain in the industry Text 3: Delivering important firsts for our customers - AA: Makes first transcontinental jet flight by a major airline - AA: Launches first VIP lounge - AA: Begins first loyalty program - US: Takes delivery of first A330 twin-aisle aircraft - AA: Makes the largest aircraft order in history - US: Becomes the first U.S. carrier to fly Airbus A321 - AA: First U.S. carrier to take delivery of Boeing 777-300ER 2. -
A Conversation with Tim Hoeksema, Chairman, President and Chief the Executive Officer, Pilot Midwest Airlines
A MAGAZINE FOR AIRLINE EXECUTIVES 2008 Issue No. 1 2008 I ssue N o. 1 o. T a k i n g y o u r a i r l i n e t o new heights A Conversation with Tim Hoeksema, chairman, president and chief the executive officer, pilot Midwest Airlines. pg. 36 Special Section www.sabreairlinesolutions.com I NSIDE Airline Mergers Airlines are scrutinized for affects and Consolidation 26 on the environment Etihad doubles its revenue from 44 2006 to 2007 Focus On The Customer Carriers can become true customer- 62 centric businesses 60 perspective time. Last year, airlines around the world were hit with service delays and schedule disruptions that left thousands of passen- gers outraged. In the United States alone, last year’s on-time performance was only 73.4 percent for the 20 airlines reporting with the U.S. DOT, down from 75.4 percent the previous year. It’s not all bad news though. While there’s plenty of room for carriers around the world to improve their customer sat- isfaction ratings, many airlines have taken monumental steps to ensure their customers come back time and time again. Milwaukee, Wisconsin-based Midwest Airlines, for example, provides spacious, with Tom Klein all-leather seating and offers fresh-baked chocolate chip cookies to its passengers Group President, Sabre Airline Solutions/Sabre Travel Network during flight, making them feel at home. The carrier is also well known for the excep- tional, personalized service its staff offers remember a time when companies undoubt- with the tools and technology necessary to customers, earning it a reputation of “The edly put their customers first. -
UFTAA Congress Kuala Lumpur 2013
UFTAA Congress Kuala Lumpur 2013 Duncan Bureau Senior Vice President Global Sales & Distribution The Airline industry is tough "If I was at Kitty Hawk in 1903 when Orville Wright took off, and would have been farsighted enough, and public-spirited enough -- I owed it to future capitalists -- to shoot them down…” Warren Buffet US Airline Graveyard – A Only AAXICO Airlines (1946 - 1965, to Saturn Airways) Air General Access Air (1998 - 2001) Air Great Lakes ADI Domestic Airlines Air Hawaii (1960s) Aeroamerica (1974 – 1982) Air Hawaii (ceased Operations in 1986) Aero Coach (1983 – 1991) Air Hyannix Aero International Airlines Air Idaho Aeromech Airlines (1951 - 1983, to Wright Airlines) Air Illinois AeroSun International Air Iowa AFS Airlines Airlift International (1946 - 81) Air America (operated by the CIA in SouthEast Asia) Air Kentucky Air America (1980s) Air LA Air Astro Air-Lift Commuter Air Atlanta (1981 - 88) Air Lincoln Air Atlantic Airlines Air Link Airlines Air Bama Air Link Airways Air Berlin, Inc. (1978 – 1990) Air Metro Airborne Express (1946 - 2003, to DHL) Air Miami Air California, later AirCal (1967 - 87, to American) Air Michigan Air Carolina Air Mid-America Air Central (Michigan) Air Midwest Air Central (Oklahoma) Air Missouri Air Chaparral (1980 - 82) Air Molakai (1980) Air Chico Air Molakai (1990) Air Colorado Air Molakai-Tropic Airlines Air Cortez Air Nebraska Air Florida (1972 - 84) Air Nevada Air Gemini Air New England (1975 - 81) US Airline Graveyard – Still A Air New Orleans (1981 – 1988) AirVantage Airways Air -
Going Wireless Is the Future W-IFE?
www.inflight-online.com March/April 2017 Volume 8 / Issue 2 Going wireless Is the future W-IFE? A nod to the future Alaskan Airlines has more to love Plane food Catering to the cabin The new oil The value of data Panasonic Avionics Corporation DITCH THE BOX. APRIL 4. Visit us at AIX to check out the next big thing. #spoileralert - we are breaking the boundaries of IFEC. CONNECTING THE BUSINESS AND PLEASURE OF FLYING® www.panasonic.aero © 2017 Panasonic Avionics Corporation. All Rights Reserved. AD-0295 Inflight www.inflight-online.com Cover: Singapore Airlines’ Companion App not only ties in with Panasonic’s data platforms, but allows passengers to use their personal electronic devices as a second screen. Volume 8 / Issue 2 / March/April 2017 Contents 04 59 84 Viewpoint Supplier profile Operator profile And the winner is... Forged by experience A better way to fly Alexander Preston looks ahead FTS is making a big mark on The celebrity appeal of South as the event season begins. the IFEC market. Africa’s Aeronexus. 06 29 63 89 News Content Show preview Supplier profile Industry headlines Flights of happiness Finding order in Messe Aural delights Recent events from the world of Maintaining mental and Some of the expected ALTO Aviation celebrates two IFEC and on-board technology. physical wellbeing on board. highlights from AIX Hamburg. decades. 36 W-IFE Going wireless Is the future of in-flight entertainment wireless? 14 42 69 93 Operator profile Show review Innovation Cabin interiors A nod to the future Up for discussion A crystal salute Innovation by design An expanding Alaska Airlines Highlights from Inflight ’s Middle Some of this year’s Crystal Recognising innovation in continues to innovate. -
Travel Jeopardy
NORTH AMERICAN AIRPORT CODES SAFETY & SECURITY TRAVEL ACRONYMS AIRPORTS TAILS AIRLINE CONTRACTS Airline Contracts $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500 SFO What is San Francisco DAL What is Dallas-Love Field YVR GDL MFE Of the below categories, this one triggers more calls to corporate security departments than any other • Bombings • Slips/Trips/Falls • Active shooter What is Slips/Trips/Falls An organization’s obligation to provide a safe work environment extends to hotels, airlines, ground transportation providers and public transportation (T or F) Term to describe an organization’s obligation to do everything reasonably practical to protect the health and safety of employees These departments or functional areas of an organization are responsible for traveler safety One of three concepts of risk management you should incorporate into your travel policy, according to GBTA What is Destination Management Company This Midwestern airport is named for the man who is considered the father of the US Air Force Appleton International Airport’s (ATW) name prior to August 2015 What is Washington, DC Dulles (Sec of State 1953- 1959) With 33,531 acres (52.4 sq miles), this is the largest airport, by land area, in the US What is DEN (Denver, CO) What is United Airlines What is Qantas Airways What is Southwest Airlines What is Cathay Pacific What is Turkish Airlines This category of airline revenue includes such non-ticketed sources as bag -
BUILD BRIGHT UNIVERSITY Siem Reap, Cambodia
BUILD BRIGHT UNIVERSITY Siem Reap, Cambodia MBA PROGRAM Strategic Management U.S Airway Group, INC Group Exercise Lecturer by: Mr. Rom Ra BBA, MBA, Group member: Mr. Phich Sokda 092 991 005 Ms. Pen Kesornicole 012 595 921 Ms. Ny Sandayvy 012 800 311 Mr. Lim Seanghout 012 505 853 Mr. Koet Vitiea 097 9557 357 Mr. Khoun Sokhemra 016 633 999 Mr. Heang Mengho 077 652 111 TABLE OF CONTENTS Page I. Introduction 1.1 Firm Background ....................................................................................................... 1 1.2 Vision/Mission/Goal/Objective …………………………………………………………………………………… 12 1.3 Headquarter Office/Geographical Operation ……………………………………………………………….. 13 1.4 Firm Structure …………………………………………………………………………………………………………. 15 II External environment ( Opportunities & Threats ) (Socio-culture, economics, political, legal, and technological) ………………………………………. 16 III Internal environment (Strengths &Weakness) 4.1 Management (BOD and top management) …………………………………………………………………. 23 4.2 Marketing ………………………………………………………………………………………………………………. 28 4.3 Operation/Production …………………………………………………………………………………………….. 28 4.4 Finance …………………………………………………………………………………………………………………. 29 IV Critical success Factors/Firm strategies V Conclusion & Recommendation I. Introduction US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 21,000 daily flights to 1,290 airports in 189 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport.