El Al Israel Airlines and American Airlines plan to re-enter a partnership in March after a hiatus since 2008. U.S. regulators upgraded Israel to a higher safety standard last year after placing it in a lower category for four years, which barred the airline from code sharing with American.
The Federal Aviation Administration's new standard for separation of FedEx jets has helped the airport in Memphis, Tenn., improve efficiency by 15%. "FedEx really sought us out and advocated the program," said David Grizzle, chief operating officer of the FAA's Air Traffic Organization. FedEx was "among the airlines who were most vocal in articulating the benefit that they thought could be obtained by implementing," he said.
Alaska Air Group Inc., the parent company of Alaska Airlines and Horizon Air, reported a record profit of $339 million for 2012 and $50 million for the fourth quarter. The company has completed nine years in a row of profitability. "None of the success in 2012, or over the past several years, would have been possible without the talented and dedicated people we have at Alaska and Horizon; they are the backbone of the company," said Alaska Air Group President and CEO Brad Tilden.
United Parcel Service has forecast earnings per share of $4.80 to $5.06 for 2013. The shipping company, based in Atlanta, reported a loss for the fourth quarter, but revenue increased 2.9%, to $14.57 billion, for the quarter. "We remain in a cycle of mixed growth and mixed signals," said CEO Scott Davis.