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Sun, 13/06/2010 - 16:41 by Jamie Anderson
Passengers intending to fly by Spirit Airlines were a harassed lot as the pilots' strike at the discount carrier entered its second day.
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Sat, 12/06/2010 - 15:34 by Jaspreet Virk
ExpressJet Holdings, Inc. (NYSE:XJT), owner of regional and charter airline operator, ExpressJet Airlines, Inc. Thursday released its traffic and capacity results for the month of May.
As per the report released, company's revenue passenger miles stood at 834 million. The available seat miles (ASM) flown totaled to 1,028 million.
Further, the number of departures operated by the company as Continental Express and United Express were 36,917.
The total aircrafts operated were 238 aircrafts. These included 206 aircrafts as Continental Express, and 32 as United Express.
As on May 31 2010, the company had a fleet of 244 aircrafts, which included 206 flying as Continental Express, 32 as United Express, and 6 operating within Corporate Aviation (charter).
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Fri, 11/06/2010 - 17:49 by Jaspreet Virk
Zions Bancorporation (Nasdaq: ZION) one of nation's premier financial services companies, Friday announced the pricing of Depositary Shares.
The company has priced $125,000,000 shares with a dividend rate of 11 percent of at an initial public offering price of $25.00 per Depositary Share.
At company's option, the shares could be redeemed in whole or in part on June 15, 2012 and on every second anniversary thereafter. In case the shares are not redeemed the dividend rate on the Depositary Shares will be reset on these dates.
The company will be using the net proceeds of the offering in interest-bearing investment grade securities.
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Thu, 10/06/2010 - 17:47 by Anupreet Kaur
ProLogis (NYSE: PLD), the leading global provider of distribution facilities, unveiled that it has signed second-quarter lease agreements of 170,000 square feet with three customers in Mexico.
The recent activity includes leases with Fagerdala-Singapore Pte, Ltd., a manufacturer and distributor of paper products in Reynosa, and PK-Tool and Manufacturing.
Silvano Solis, ProLogis managing director and head of Mexico operations, said, “"The recent leasing activity within our industrial portfolio in Mexico is encouraging.”
"While our industry lags the overall economy, we believe we are seeing the bottom of market occupancies and rents, and the continued absorption of modern distribution space will help to support demand as the property markets continue to improve,” Solis added.
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Thu, 10/06/2010 - 17:31 by Jaspreet Virk
Old Republic International Corporation (NYSE: ORI) ("Old Republic"), one of the top publicly held insurance organization, and PMA Capital Corporation, leading workers' compensation insurers in the U.S. announced merger agreement Friday.
Announcing the merger, Vincent Donnelly, President and CEO, stated, "We expect that this transaction will enable our shareholders to realize greater long-term value than if we continued to operate as a stand-alone entity."
As a part of the agreement, Old Republic will takeover all of PMA's outstanding common stock. For each outstanding common share of PMA, Old Republic will be offering 0.55 shares of Old Republic common stock in exchange.
The deal values PMA at approximately $365 million, consisting of $228 million for PMA common shares and $137 million for its debt.
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Wed, 09/06/2010 - 17:41 by Jaspreet Virk
Alaska Airlines, subsidiary of Alaska Air Group (NYSE: ALK) has topped the customer satisfaction among traditional network carriers ranking this year.
This is the third time in a row that the airline has ranked highest in the J.D. Power and Associates' annual rankings.
Alaska's President Brad Tilden said in a statement, “Receiving this honor for the third year in a row is a testament to not only our operational focus on running a safe, efficient, on-time airline, but also to our talented and dedicated employees, who have continually worked to deliver on our customer promises.”
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Tue, 08/06/2010 - 17:43 by Jaspreet Virk
United Airlines, a wholly-owned subsidiary of UAL Corporation, reported Monday that the total consolidated revenue passenger miles (RPMs) in May increased by 7.5 percent on an increase of 3.3 percent in available seat miles, compared to same period a year earlier.
Due to increase in RPMs, the carrier also witnessed a 3.3 points increase in consolidated passenger load factor to 83.3 percent.
Further, consolidated passenger revenue per available seat (PRASM) is estimated to have increased 25.5 percent to 26.5 percent compared to last year.
The consolidated PRASM for the month is estimated to have jumped 3.2 percent to 4.2 percent from May 2008 period.
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Tue, 08/06/2010 - 17:22 by Anupreet Kaur
JetBlue Airways (Nasdaq: JBLU), hometown airline of New York, has been awarded the highest honor in airline customer satisfaction.
Honored by J.D. Power and Associates 2010 North America Airline Satisfaction Study(SM), the carrier has received the award for the fifth year in a row.
Also, it is the sixth consecutive customer satisfaction award that the airline has received from the J.D. Power and Associates.
Accepting the honor, Dave Barger, president and CEO of JetBlue Airways, said, “On behalf of JetBlue's 12,500 crewmembers, we humbly accept this recognition for the sixth consecutive year."
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Fri, 04/06/2010 - 12:30 by Anupreet Kaur
World's largest retailer Wal-Mart Stores Inc. has partnered with American Public University (APU) to launch Wal-Mart's Lifelong Learning Program, a program designed for Wal-Mart workers who can study while working.
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Thu, 03/06/2010 - 12:57 by Anupreet Kaur
Additional consumer protection rules were proposed by the U.S. Department of Transportation (DOT) in order to avoid tarmac delay and other inconveniences to the airline travelers.
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Wed, 02/06/2010 - 17:28 by Anonymous
Continental Airlines, a major American airline, has reported 2.9 jump in consolidated load factor for the month of May to 83.8 percent compared to the same period a year earlier.
The mainline load factor for the carrier stood at 84.1 percent, 2.8 points above the May 2009.
Further, Continental reported domestic mainline load factor of 85.4 percent, 0.7 points above from year earlier.
In May, the Continental Center I, Downtown Houston, Texas based airline flew 7.8 billion consolidated revenue passenger miles and 9.3 billion consolidated available seat miles, thus leading to consolidated traffic increase of 3.7 percent and a consolidated capacity increase of 0.2 percent, compared to the same period in the previous fiscal year.
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Tue, 01/06/2010 - 16:38 by Jamie Anderson
British insurer Prudential PLC's (PRU.LN) plans to consummate the biggest ever insurance takeover suffered a big blow when American International Group (NYSE: AIG) rejected its attempt to lower the offer for the American giant’s Asian unit.
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