Hi guys. Yes, the Memorial Service for PlaneMom is Saturday, so yours truly spent most of today and yesterday doing things related to it. You know – signing papers at the attorney’s office, going back to the florist, trying to get the programs finished, making sure there is nothing else I have to order online so that it gets here ontime, making dinner reservations for after the service, scrounging around for additional easels to hold artwork and pictures — you know, the usual.
Frankly, as the one who is supposed to give the main “address” or whatever on Saturday, I can guarantee you it won’t be structured until late Friday night. If not Saturday morning.
Having said that, tomorrow and Thursday are now officially designated as “Memorial Free Days.” Heh. I’ll see how long that lasts. It had better last as I’ve got to write about Continental, JetBlue, and United’s second quarter numbers in detail this week in PBB. Along with all of our normal bantering.
Speaking of United, as per their revised guidance in June, the airline posted good numbers today.
The company said its second-quarter profit amounted to $274 million, or $1.83 per share, compared with $119 million, or $0.93 per share, a year earlier.
Wall Street analysts had expected the company to earn $1.39 per share, according to consensus numbers.
Can’t wait to listen to the latest edition of the Jake and Glenn show.
Yesterday the airline unveiled the details of its new business class seats. They’ve gone flat.
If anyone had any doubt as to whether or not the new Business Class seats on American were lacking — I think United just took a big step in making that decision for them as they announced they are going to lie-flat seats for their business class configurations.
Business-class cabin improvements to United’s Boeing 747s, 767s and 777s will include electrical outlets, connections for Apple iPods to seat-back video screens, and seats that turn into lie-flat beds. United will install new fixtures and tiling in lavatories and offer more movie choices throughout the planes, and put new cushions and fabric on coach seats.
But there is another side to the announced changes. The airline will also be reducing the number of first and business class seats on its 747s, 777s, and 767s. The move is designed to add more more coach tickets that are paid for at some fare, rather than having more room taken up by first and business-class travelers who aren’t paying top fares — but upgrading.
Interesting move.
Or, as Brian Nelson, analyst with Morningstar told Bloomberg, “This is a cheaper way of increasing seat capacity on a lucrative market. It’s definitely cheaper than buying a new 747 outright.”
Jamie Baker, analyst with JP Morgan said that if the airline were to make the changes today, the airline would immediately pick up 2% in capacity — as a result of the changes.
JetBlue also reported in today.
The airline reported net income for the quarter rose to $21 million, or $0.11, from $14 million, or $0.08 cents, earned in the year-ago second quarter.
While this was an improvement year-over-year, it wasn’t that much of an improvement, and was below analyst’s consensus for the airline. Analysts had expected the airline to post a profit of $0.12 a share.
Speaking of my memorial service duties, (which have included screening thousands of slides) here I offer you just a small taste of what my mother would make me endure on a regular basis, i.e., pose for her. Didn’t matter what time of year. What the reason. What the outfit.
As you can clearly see.
Well, I guess another 40 of these might make my argument stronger, but I won’t subject you to that.
