Cal Awarded Beijing

[operaations]

CAL will announce on Tues 2/05that they have received approval to fly from EWR to Beijing.Details to follow soon

[post="246179"][/post]​

Did I miss something and CAl forget to announce they got Beijing. Or was this another attempt to start a false rumor. I think CAL will get 7 routes as will AA but I still cant find where CAL announced on FEB 05 that they got it. Hummmm Feather are you fibbing to us

 

[featheroleather]

My normally reliable "deep throat" connection insists an announcement is coming soon. Sorry for all the hubbub created.

 

[Borescope]

The announcement was probably that they cancled the orders for the 787 (formerly 7E7).

 

[FWAAA]

The announcement was probably that they cancled the orders for the 787 (formerly 7E7).

[post="247335"][/post]​

😀

Given the $98 million loss at CO for January (before the special item gain), that's a very real possibility:

http://www.marketwatch.com/news/yhoo/story...826638A0D4F4%7D

 

[coolflyingfool]

I guess the China service will have to be with the B777s. I was so hoping for the B787, oh well.

 

[JFK777]

I'm happy for Cal if it does get those coveted right to Peking. I have always wondered though why Cal didn't fly to Asian points it cold get rights to from Newark. Hong Kong and Tokyo are good starts but how about Osaka, Seoul, Nagoya, Taipei and now with Thai Airways flying nonstop from Bangkok to JFK, Bangkok? I'm know this is a wishful list but a few of this should happen. Cal's 777 fleet is streched, but It time to order some more.

I know the finances are streched but there is always leasing. Cal now flies to possibly every city in Europe, the major points of South America( Except Buenos Aires which it should fly to), and Tokyo & Hong Kong. The future should be: moew Asia from Newark, Australia with a Newark- Honolulu - Sydney routing, and more Africa then Lagos, if Nigeria is so wonder then Cape Town and Johannesberg are too. Cal needs to lease additional 777 today. BA hates their Ge powered 777, the second batch were Rolls powered, they may be in a negociating mood.

 

[featheroleather]

I think the whole reason forEWR- Lagos is that Shell oil has guaranteed to buy all the F/C seats for the next 2-3yrs,not because of the hi tourist traffic to Lagos. One of the reasons Greg Brenneman left a couple of years ago is because he was in favor of more wide-body destinations and Bethune wanted more 737 flying.

 

[Borescope]

😀

Given the $98 million loss at CO for January (before the special item gain), that's a very real possibility:

http://www.marketwatch.com/news/yhoo/story...826638A0D4F4%7D

[post="247338"][/post]​

You should read the article again it's 47 mil. Not to say that this is a small number but it is almost half of what you said it was. You should get your facts right before you post or at least don't add an article that says your not to good with numbers. Your Busted. :cop:

 

[FWAAA]

You should read the article again it's 47 mil. Not to say that this is a small number but it is almost half of what you said it was. You should get your facts right before you post or at least don't add an article that says your not to good with numbers. Your Busted. :cop:

[post="247587"][/post]​

Nice try, but you're busted. If I were so inept at math, I'd be very depressed.

In your zeal to prove someone wrong, you overlooked the facts. You are wrong. I am right. It must kill you to be wrong, but that's not my problem. It's yours.

The CBS Marketwatch link I posted was edited by CBS after the time of my post. It deleted the math, so you'll have to get out your calculator to figure out the loss before the extraordinary item.

CO lost $98 million in January, but did experience an extraordianary gain of $51 million by contributing stock in XJET to its employees' pension plans.

The airline's chief executive, Larry Kellner, provided employees with the latest details in a recorded message Friday, saying losses totaled more than $1.5 million a day in January. That amount includes a gain from the contribution of ExpressJet Holdings (XJT:NYSE - commentary - research) stock to Continental's pension plan.

Excluding that gain, which is an infrequently occurring item, Continental lost more than $3 million a day during January.

http://www.thestreet.com/_yahoo/stocks/tra...=FREE&cm_ite=NA

Kellner's recorded message to employees were disclosed in a U.S. regulatory document that also said excluding a gain on the contribution of ExpressJet Holdings Inc. (NYSE:XJT - News) stock to Continental's benefit pension plan, the loss in January was more than $3 million per day.

http://biz.yahoo.com/rb/050211/airlines_co...l_losses_1.html

In a recorded message to employees today, Larry Kellner, our Chairman and Chief Executive Officer, discussed our financial performance for January. In January, our losses continued to mount, totaling more than $1.5 million per day. Excluding a gain on the contribution of ExpressJet Holdings, Inc. stock to our defined benefit pension plan, we lost more than $3 million per day during the month of January. We have previously announced that we expect to incur a significant loss in 2005.

The gain on the contribution of ExpressJet Holdings, Inc. stock was approximately $51 million, which decreased the loss per day by $1.6 million. Excluding the gain on ExpressJet Holdings, Inc. stock from the loss per day calculation provides management and investors the ability to measure Continental's performance without the impact of an infrequently occurring item.

http://www.continental.com/vendors/default...ult.asp&i=irSEC

Whether you like it or not, CO lost nearly $100 million in January before the one-time gain. Just like I originally posted. Only because it has been burning the furniture (by contributing XJET to the pensions) was it able to reduce that loss by a large gain on that stock.

 

[Fly]

Are you implying that AA didn't lose money in January FWAAA? OR are you saying that they lost less than CO? Like they say.....those in glass houses, yada yada yada

 

[Borescope]

It's offical............CO gets tentative approval from DOT for China flights


CO has received tentative approval from the U.S. Department of Transportation (DOT) to initiate service to Beijing in the People's Republic of China from its EWR hub. 


A date for the daily, nonstop flight to Beijing will be announced once final approval is granted. CO will be the only U.S. flag carrier linking the People's Republic of China with New York, one of the largest origin-and-destination points in the United States for China travel. CO will operate the flights with a Boeing 777-200ER with 283-seats, 48 in BusinessFirst and 235 in coach.


"We commend the Department of Transportation for opening the door to new competition between the U.S. and China," Larry said. "Business travelers will appreciate how easy and convenient it is to use Continental to access Beijing's thriving network of high-tech industries and manufacturing plants."


Larry thanked his co-workers, elected officials and thousands of concerned citizens and corporations for their support in securing service to Beijing. Nearly 13,000 CO employees sent letters to the DOT, Congress and state and local officials urging approval.

 

[FWAAA]

14 days late, but the OP was correct. CO to PEK in 2005; AA to PVG in 2006.

 

[featheroleather]

My ex-wife didnt call me Quick Draw McGraw for nothing! I wont even open up another can of worms about the 3 UAL suits snooping around the IAH airport yesteday.Ill save that for another thread.

 

[ual777fan]

Oh boy,
Hopefully they were trying to gleam a clue as to how to run United. You know respect employees, their unions, work together instead of divide and conquer, that sort of thing.

Anyways, some of my friends who work at UA would like to say, welcome to the transPacific. Beijing is a blast... and don't forget about the $5 cabs.

 

[Whadayano]

Can they really launch this by March 25th of this year? Or is June more realistic?