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The US Airways (NYSE: LCC) ticker symbol says it all: LCC = Low Cost Carrier. With its latest announcement, the airline may want to change it to LEC -- Low Expense Carrier. In an attempt to keep pace with the plunging travel market, US Airways is cutting 1,000 jobs next year, shoving almost all its flying to its three hubs (Philadelphia, Phoenix and Charlotte) and Washington. Several international routes are being cut.

The airline reports that routes from its hubs have been profitable. Currently, US Airways pushes 93% of its flights through these airports, a rate it seeks to push up to 99% in 2010.

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US Airways to cut 1,000 jobs, reduce some routes originally appeared on BloggingStocks on Thu, 29 Oct 2009 10:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airline industryAirlineIndustryfeaturedlcclow cost carrierLowCostCarrierus airwaysUsAirwaysThu, 29 Oct 2009 10:50:00 EST<![CDATA[JetBlue Airways (JBLU) earnings gaining altitude]]>http://www.bloggingstocks.com/2007/10/23/jetblue-airways-jblu-earnings-gaining-altitude/http://www.bloggingstocks.com/2007/10/23/jetblue-airways-jblu-earnings-gaining-altitude/http://www.bloggingstocks.com/2007/10/23/jetblue-airways-jblu-earnings-gaining-altitude/#commentsFiled under: , ,

One of the first things I thought of when my husband and I made a whirlwind move from St. Louis to Chicago this month is that I'm finally in a JetBlue Airways (NASDAQ: JBLU) market and can see what the fuss is all about. I hear rumors of low fares, cushy seats, and personal media players for every seat.

Apparently, things are looking good from inside the company as well. The low-cost carrier returned to the black in its latest third-quarter, posting net income of $23 million, or 12 cents per share. This figure compares with a year-ago loss of $500,000 (roughly 0 cents per share). The numbers were a nickel above Wall Street's consensus view of 7 cents per share, according to estimates compiled by Reuters.

Revenue rose 22% during the quarter to $765 million, falling just shy of analysts' expectations of $767 million. Traffic during the reporting period jumped 13% higher to 6.86 billion revenue passenger miles, and capacity rose 11%. Load factor -- the percentage of seats filled -- rose to 82% from 80.4% last year.

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JetBlue Airways (JBLU) earnings gaining altitude originally appeared on BloggingStocks on Tue, 23 Oct 2007 11:08:00 EST. Please see our terms for use of feeds.

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