Travel News: Airlines, Tourism and Airfares

Net Income Jumps 44% to $33.8 Million, $1.30 per Share; Adjusted Net Income Soars 86% to $27.5 Million, $1.06 per Share

US Airways Group, Inc. (NYSE: LCC) today announced April and year-to-date 2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.7 billion, down 5.0 percent versus April 2009. Mainline capacity was 5.7 billion available seat miles (ASMs), down 2.5 percent versus April 2009. Passenger load factor for the month of April was 82.7 percent, down 2.1 points versus April 2009.

Pavilion Hotel and Descanso Beach Club Anticipated for May 14th Opening, Avalon Grille on May 24th

Public Will Vote for Their Favorite Business Traveler Product, Service or Idea

Delta Air Lines (NYSE: DAL) and US Airways (NYSE: LCC) today issued the following statement in response to the U.S. Department of Transportation (DOT) and Federal Aviation Administration’s (FAA) announcement that they will reject the airlines’ modified proposal with JetBlue Airways, AirTran Airways, WestJet and Spirit Airlines for a slot transaction at New York’s LaGuardia Airport and Washington’s Reagan National Airport.

Republic Airways Holdings (NASDAQ/NM: RJET), today reported preliminary passenger traffic results for April 2010. The Company generated 1.75 billion revenue passenger miles (RPMs), a 106% increase from the same month last year, while available seat miles (ASMs) increased 94%. Block hours were 80,110 in April 2010, a 35% increase from April 2009.

Heading to Sharm el Sheikh? Besides its beaches, boundless water sports activities and rich underwater sea life, this famous Red Sea resort destination offers a wealth of travel experiences including a private tour of nearby Ras Mohamed where an abundance of underwater life waits to be discovered.

Pushing upward, the AGEM Index closed the month of April 2010 at 116.19, an increase of 8.1 percent from the 107.45 posted in March. The latest report places the AGEM Index with an annual gain of 54.5 percent, well above the broader United States equities markets including: NASDAQ Composite (+45.3 percent); S&P 500 Index (+37.0 percent); and the Dow Jones Industrial Average (+36.3 percent) which broke the 11,000 mark during the month of April.

The Boeing Company [NYSE: BA] today announced that the Commonwealth of Australia has accepted the first two Project Wedgetail 737 Airborne Early Warning and Control (AEW&C) aircraft into the Royal Australian Air Force (RAAF) fleet.

Total revenue for the first quarter 2010 increased 13.0% over first quarter 2009, or approximately $2.0 million, to approximately $17.5 million.