Things Are Tough All Over Dept.:

Singapore Airlines (SIA) posted a net profit of S$397 million for the third quarter ending December 31, 2005, which is a decline of S$68 million or 14.6 per cent from a year ago.
SIA will get two Airbus A380-800s and Boeing B777-300s come November 2006.
But the tone of these announcements was muted by the dip in third quarter profits that at S$397 million, by the way, was more than all U.S. flags combined realized during 2005.



   EL AL adds nonstop service between Miami and Tel Aviv on March 28, 2006.
  Flights will operate twice weekly, every Tuesday and Saturday evening year round on a Boeing 767 aircraft replacing the twice-weekly one stop service from Miami to Tel Aviv.
  EL AL also flies nonstop to Israel from New York (via JFK/Newark) with up to 28 nonstop flights every week


  

  Atlas Air Worldwide Holdings, President and CEO Jeffrey Erickson, who steered the company out of bankruptcy in 2004 is retiring.
  Atlas, driven by big military contracts also said that it expects to post pre-tax income of about $125 million when it releases its final 2005 results in April. 
  Jeffrey Erickson whose departure date is yet to be set, has done this kind of thing before at TWA where he piloted the now defunct U.S. legacy carrier to a couple years more than it might have had.
  At Atlas Mr. Erickson again worked his magic.
  He will remain on Atlas's board of directors.


     
  Emirates, launches A330-200 featuring 17 tons of cargo lift thrice weekly to the Ethiopian capital of Addis Ababa March 27.
  The carrier said flights to Addis Ababa go daily December 2006.
  Emirates currently serves East Africa with double-daily flights to Nairobi and daily flights to Entebbe and Dar-es-Salaam.
  With the addition of Addis Ababa, Emirates’ African service will total 31 flights a week.


  Airbus entry to Asian Aerospace held at Changi in Singapore, 21st-26th February will feature A380.
  Airbus comes to Asian Aerospace ‘06 hoping to start all over again after record orders, deliveries and profitability in ‘05.
  During 2005, Airbus somehow pulled off an 11th hour trump of rival Boeing with 1,111 gross orders and 378 deliveries.
  Most analysts think 2006 will slow up a bit for new orders for both manufacturers.


  IATA said that international passenger traffic rose 7.6% in 2005 while air cargo grew 3.2%, amidst about $6 billion in losses. Middle East grew 13.1% while Latin America, rose 11.4%. Asia/Pacific slowed to 6.3%. North America's load factor of 79.5% was the highest. Cargo growth was "disappointingly low," IATA said. Cargo and passenger traffic are expected to grow 5%-6% in 2006 as the industry loses another $4 billion, IATA said.


Saltchuk Resources, a privately-owned holding company based in the Pacific Northwest bought Alaska-based Northern Air Cargo with a fleet of four jet and turbine aircraft, five Douglas DC-6 all cargo aircraft, 280 people, generating revenues in excess of $50 million.
The deal is apparently Northern stays in Alaska doing what it does best since the 1950’s.