Delta shares drop after memo is leaked

by Jon Surmacz on July 28, 2005

Delta shares drop after memo is leaked — Delta Air Lines shares plunged yesterday on a fresh warning by its chief executive that its reorganization plan was not shielding it from brutal competition, and that the airline would have to do more to avoid seeking bankruptcy protection. (The New York Times)

Win free tickets! — Wanna fly somewhere for free this summer? When you register at Tripso’s forums and make your first post, you’ll be automatically entered to win two tickets on US Airways. The tickets are good through June 30, 2006. But hurry: you have to register and post before August 15, 2005 to be eligible.*

Hotel industry up, but not quite back — With almost no room at the inn and little new supply in the pipeline, the U.S. hotel industry is in the middle of one of its most profitable cycles in years as Americans are back on the road in droves. As top operators including Marriott, Starwood and Hilton roll out their second quarter results, they are using phrases like “essentially full” and “surging demand” – superlatives that are largely borne out by the top and bottom lines. (Marketwatch)

Former travel agent sentenced in scam — A former travel agent, who sold fake airline tickets to unsuspecting travelers, faced some of his victims in court Wednesday. Wayne Abe was sentenced to ten years in prison for his deception. Many of Abe’s victims spoke out at his sentencing. “In my group alone total loss was $62,100,” said Tamela Young. (KHON)

Space Shuttle is grounded by NASA — With Discovery’s crew about 200 miles above Earth, NASA on Wednesday abruptly suspended all scheduled shuttle flights after determining that a piece of insulating foam – nearly as large as the piece that doomed Columbia in 2003 – had peeled off the craft’s external fuel tank during launch. (LA Times)

Airports switch to private screeners — A South Dakota airport intends to replace its federal screeners with private workers, the first change allowed since the government took over aviation security after the Sept. 11 attacks. Mike Marnach, director of the Sioux Falls Regional Airport, said it is time to try something other than the government model. (AP)

LAX ‘trash collectors’ keep runways clean — Airport debris poses a significant danger to ground crews. At Denver International Airport, a piece of baggage was rendered into shrapnel a few years ago after a strong wind blew it off a luggage cart, under a jet and in front of a running engine, which sucked it in and spewed it out the back. “Pieces were found 90 feet behind the engine well,” said Hank Krakowski, a veteran pilot and vice president of safety, security and quality assurance for United Airlines. (LA Times)

Look out for work stoppages on United — Flight attendants for the nation’s second-largest airline say they will begin work stoppages today at 20 locations on three continents — actions that could cause major headaches for air travelers. United Airlines flight attendants are protesting the carrier’s decision to terminate its staff pension plan, which could cause the value of some retirement packages to drop by 70 percent. (AP)

Who’s afraid of daylight savings time? American Airlines — American Airlines Inc., the No. 1 U.S. carrier, said on Wednesday it was concerned that a plan to expand U.S. daylight-saving time could disrupt international flight schedules and make it tough to compete with foreign carriers. (Reuters)

Monarch flies to the rescue of stranded passengers — Rival airlines easyJet and Monarch offered cheap flights home yesterday to hundreds of British holiday makers stranded by the collapse of low-cost carrier EUjet. Up to 5,000 passengers, mainly in Spain and Portugal, are reported to have been left without flights home after EUjet called a halt to its operations. (Guardian)

Event planner has little oversight from TSA — Three years ago, Sunnye L. Sims lived in a two-bedroom apartment north of San Diego, paying $1,025 in monthly rent. Then she landed a dream job, with $5.4 million in pay for nine months of work. Now she owns a $1.9 million stucco mansion with lofty ceilings on a hilltop, featuring sun-splashed palm trees and a circular driveway. Sims is not a Hollywood starlet. She is a meeting-and-events planner who built her fortune on a U.S. government contract. In 2002, her tiny company secured a no-bid subcontract to manage logistics on an urgent federal project to protect the nation’s airports in the wake of the Sept. 11, 2001, terrorist attacks. (Washington Post)

United posts 1.43 billion loss for 2nd quarter — UAL Corp., parent of bankrupt United Airlines, on Thursday reported a wider net loss in the second quarter, including expenses attributed to its reorganization. The No. 2 U.S. carrier, which has been in Chapter 11 since December 2002, said its net loss increased to $1.43 billion, or $12.33 per basic share, from $247 million, or $2.25 per share, a year earlier. (Reuters)

Big Dig leak repairs to take years — Leaks in the Big Dig’s Interstate 93 tunnel roof will persist for years to come, despite current efforts to patch them with a grout sealant, according to an independent report released last night by the Massachusetts Turnpike Authority. (Boston Globe)

From an anonymous Official Tripso commentator: “Karl Rove doesn’t hold a candle to this!”

Skip Bowman, Carrie Charney, Leslie Friedman, John Frenaye, Charles Leocha, Marge Purnell, Valerie Schneider, Mary Staley, Stephanus Surjaputra, Richard Wong.

* Here’s the fine print on Tripso ticket giveaway: When you make your first post as a registered user, you will automatically be entered to win. Travel is roundtrip in coach class anywhere US Airways flies in the continental United States, Bermuda, Canada, Mexico, Caribbean, and Central America. There are some blackout dates, such as major holidays. Sorry, they must be US Airways flights and their codeshare partners don’t count.

Print Friendly
Be Sociable, Share!

Previous post:

Next post: