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US Airways reports Q1 earnings of $48M | US Airways deal helps labor talks with American, union says | Hawaiian Airlines reports Q1 net income of $7.3M
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April 25, 2012
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Delta Air Lines posts Q1 profit of $124M
Delta Air Lines reported a first-quarter profit of $124 million, exceeding expectations by Wall Street. Analysts had predicted a loss for the first quarter. Revenue for the quarter was $8.4 billion, a 9% increase from the same quarter last year. The carrier also posted a gain on fuel hedges, which helped boost its profit.
The Wall Street Journal (tiered subscription model) (4/25),  KWQC-TV (Davenport, Iowa)/The Associated Press (4/25) 
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US Airways reports Q1 earnings of $48M
US Airways reported earnings of $48 million for the first quarter, exceeding analysts' expectations. During the same quarter last year, the carrier posted a loss of $114 million. "As we prepare for the busy summer travel period, we continue to be encouraged with the overall strength in passenger demand," Chairman and CEO Doug Parker said in a statement.
MSNBC/The Associated Press (4/25),  Forbes (4/24) 
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US Airways deal helps labor talks with American, union says
Union officials say hammering out a tentative agreement with US Airways in case of a merger with American Airlines is helping workers. "The fact that we're having those discussions with US Airways is certainly helping our negotiating leverage with American Airlines on the stand-alone-plan labor deal," said Peter Kaufman, a banker for the Transport Workers Union.
Bloomberg Businessweek (tiered subscription model) (4/24),  Forbes (4/24) 
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Hawaiian Airlines reports Q1 net income of $7.3M
Hawaiian Holdings, the parent company of Hawaiian Airlines, has reported net income of $7.3 million for the first quarter. The carrier received a $5.8 million boost from fuel hedging in the quarter. Revenue for the quarter increased 19.1%, to $435.5 million, when compared to the same quarter last year.
Honolulu Star-Advertiser (subscription required) (4/24) 
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Pinnacle predicts furloughing of 450 pilots
Pinnacle Airlines said it likely would furlough 450 pilots in the bankruptcy process over the next 18 months. Pinnacle employs 2,860 pilots, but plans to eliminate operations for United Express and US Airways Express.
The Commercial Appeal (Memphis, Tenn.) (free registration) (4/24) 
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Boeing reports Q1 profit of $923M
Boeing has reported a profit of $923 million for the first quarter, compared to a $586 million profit in the same quarter last year. The aircraft manufacturer also said revenue rose 30%, to $19.4 billion, compared with the first quarter of last year.
CNBC/Reuters (4/25) 
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US Airways will submit another plan to American, union says
Dave Bates, president of the Allied Pilots Association, says US Airways will submit an alternative plan to American Airlines. "I'm trying to keep the best options for the airline, my members and the community," said the union leader. However, American Airlines Senior Vice President Jeff Brundage downplayed the possibility of a merger, saying, "It's not real."
Fort Worth Star-Telegram (Texas)/Sky Talk blog (4/24) 
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U.S., India team up to develop biofuels from nonfood sources
The U.S. and India have started a five-year joint research project whose goals include the development of biofuels from nonfood sources. The $125 million Joint Clean Energy Research and Development Center aims to promote biofuels, reduce consumption of oil and increase energy efficiency. The team for the project's biofuels component will include scientists from five U.S. universities, Show Me Energy Cooperative and Green Technologies.
CleanTechnica (4/23) 
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Airport security needs improvement, former TSA administrator says
During a recent television interview, former Transportation Security Administration Administrator Kip Hawley reiterated his view that the nation's current airport security strategies do not work. He noted that terror groups work around security measures. "The problem at TSA is that each brick that?s been put up has been put up in a wall and stays there even after the vulnerabilities they address have been closed," he said.
The Hill/Transportation blog (4/24) 
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TSA launches PreCheck at Washington state airport
The Transportation Security Administration on Tuesday launched its expedited-screening program at Seattle-Tacoma International Airport in Washington state. Some travelers who participated in the PreCheck program say they were pleased with it. "Escorted to a wide-open security lane," said Amy Donovan in an e-mail. "Placed my fully packed bags on the belt. Didn't have to unzip a thing. Left my jacket and shoes on and breezed right on through."
The Washington Post (tiered subscription model)/The Associated Press (4/24),  The Seattle Times (tiered subscription model) (4/24) 
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Industry Trends
DOT: U.S. airlines transported 54.3M scheduled passengers in January
U.S. airlines carried 1.1% more passengers in January on a year-over-year basis, according to the Department of Transportation. The airlines carried 54.3 million scheduled passengers in January, compared with 53.7 million in January 2011.
The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (4/24) 
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Las Vegas airport will open new terminal in June
McCarran International Airport in Las Vegas is close to finishing construction on its Terminal 3. The 1.9 million square-foot terminal, scheduled to open June 27, will provide 14 additional gates. Once completed, the terminal will boost the airport's capacity to 53 million passengers per year.
Airport-World.com (4/24) 
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Career Development
4 reasons companies make bad hires
Don't hire someone based solely on his or her potential, or assume a candidate can be molded into an effective problem solver, Kimberly Stone writes. Also, beware of candidates who appear more committed to their personal brand than to your company.
Portfolio.com (4/23) 
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