Delta Air Lines reported a net loss for the March 2009 quarter of $693 million, excluding special items. Excluding $684 million in realized fuel hedge losses and special items, Delta’s results were break-even.
At the AAHOA Lodging Conference in Washington, D.C., Starwood Hotels & Resorts Worldwide, Inc. announced it remains on track to open its 1,000th hotel and resort this year.
Kayak.com, the travel search website, has named Robert Birge as chief marketing officer. Mr. Birge will manage all offline marketing, advertising and public relations activities, including the planned launch of a major offline advertising campaign. He will report to Kayak.com co-founder and CEO Steve Hafner and will be based at the company’s global headquarters in Norwalk, Conn.
US Airways reported a net loss of $103 million for the first quarter, or $0.90 per share. This compares to a net loss of $237 million, or $2.58 per share for the same period last year. The first quarter loss was driven by a 13.5 percent decline in revenues related to the global economic recession. The airline said that the effects of fuel hedging significantly impacted the first quarter 2009 results.
JetBlue Airways Corporation reported operating income for the first quarter was $73 million, resulting in a 9.3 percent operating margin, compared to operating income of $17 million and a 2.2 percent operating margin in the first quarter of 2008. Pre-tax income for the quarter was $20 million, which includes a special charge of $8 million related to the valuation of JetBlue’s auction rate securities.
Ambassadors International Inc. said its board of directors appointed Arthur Rodney to serve as the company’s interim CEO. Rodney has served as a member of the board of directors since April 2008 and currently serves as chairman of the board. Rodney has been in the cruise industry for over 30 years. He served as CFO and president of Princess Cruises from 1970 to 1986.
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