The Flying Critic News

Midwest sharply cuts fleet:

Milwaukee air travelers will see fewer nonstop flights, and Midwest Airlines Inc. employees will see more pink slips, as Midwest parks its large — and gas-hogging — MD-80 jets.

PlaneBuzz Reports That Federal Express Absolutely Positively Scares the Market.

Silverjet fails - stops flying | The Flying Critic.

Airline El Al's Q1 net loss widens sharply

Frontier Airlines reaches agreement with Teamsters over wage cuts

Joe Sharkey At Large blogs that Mesa Air Warns of Bankruptcy.

Bloomberg.com provides more info on Singapore Airlines financial results.

Singapore Airlines Q4 profit falls 21 pct, beats forecast.

AP reports that Mesa Air looks for shareholders' OK to offer more shares.

The Phoenix-based carrier is expected to ask permission Tuesday at its annual shareholders meeting to sell as much as $37.8 million in new common stock.

WestJet profits rise to $52 million

WestJet Airlines Ltd., Canada's second-biggest carrier, posted a first-quarter profit that beat analysts' estimates as the country's strong dollar helped make up for rising fuel costs and prompted more people to fly abroad.

Net income increased to C$52.5 million ($52 million), or 40 cents a share, from C$29.9 million, or 23 cents, a year earlier

Emirates Airlines profits up 62 pct.

Dubai's Emirates Airlines on Wednesday posted a record 62.1 percent increase in its annual profits to 1.37 billion dollars in the financial year 2007-08 despite surging fuel costs.

Nationwide Airlines suspends all flights - source: Telegraph.

Nationwide Airlines has suspended all its flights due to financial difficulties, it was announced this week.

The South African budget carrier which operates around 50 domestic and international flights, said yesterday

Thai Airways to make cuts because of fuel.  They mention they might drop or reduce the BKK-LAX non-stop and route it through NRT.

Kenya Airways is Going to Hike Fares:

Kenya Airways (KQ) is planning to hike airfares over the next two months to meet the growing cost of fuel and new taxes, airlines executives announced last week.

PlaneBuzz discusses the impact on Republic Airways after their contract was canceled by Frontier Airlines.

AirTran reports net loss of $34.8 million for 1Q

United Airlines loses $542 million in 1Q - lots of cuts needed, some coming soon  Reuters reports $537 million.

Oil goes up - airline stocks go down.  No surprise here.

Are other airlines going to face the same credit card holdback doom that got Frontier? 

Continental lost $80 million in 1Q (vs. earning $20 million in 1Q last year); will reduce capacity and retire at least 14 older planes over the next year starting in September.

Southwest reports earnings: drops from $93 million 1Q of last year to $34 million for 1Q of this year; will cut new plane deliveries by 50%

American Airlines loses $328 million during first quarter 2008