Yesterday's stock market rally and positive news from Continental helped elevate airline share prices across the industry. Earlier this week, Continental revealed its revenue per available seat mile, a key financial indicator, had jumped nearly 25% since last year thanks to passenger and price increases.
ATA President Jim May said passenger convenience will remain a priority as the airline industry plans its response to a set of rules proposed by the Department of Transportation yesterday. The regulations, which are open to public comment for 60 days, include provisions designed to better compensate bumped passengers, improve delay notifications and expand just-implemented tarmac delay rules to more carriers and airports.
EADS CEO Louis Gallois says the company is working to stay on track for the debut of its Airbus A350, which is scheduled to begin shipping in 2013. Gallois says his firm is planning to make the first test flight in 2012.
Ten U.S. airlines have been rated on their environmental friendliness by Greenopia, which looked at factors such as fuel consumption, green design and recycling. Continental and Alaska Airlines are among the country's most eco-friendly fliers, according to the firm, which also noted that aircraft efficiency can rival automobiles under some conditions.
Boeing Co. announced it secured a $1.7 billion contract over five years to upgrade the U.S. air-traffic control system. Boeing will provide modeling and simulations for the NextGen Air Transportation System in a contract for the Federal Aviation Administration.