Newspapers / Piedmont Aviation Employee Newsletter / March 1, 1988, edition 1 / Page 2
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around the industry Airlines handled 675 million pieces of checked bag gage in 1987 with a successful completion rate in excess of 99 percent. Growth rate this year in checked baggage is expected to exceed passenger growth rates because of new FAA regulations and Air Transport Association guidelines. Piedmont Airlines was the busiest carrier at Dayton In ternational Airport with 3,069,992 passengers for 1987, a 9.4 percent increase over 1986. The Piedmont com muter, operated by Jetstream International, was the sec ond busiest with 351,441 passengers, a 321.7 percent increase. Delta Air Lines was the third busiest with 288.245, a 1.1 percent decrease over 1986. * * ♦ Air Ti-ansport Association President William Bolger re signed March 15 to pursue other business interests. Until a successor is named, Gabe Phillips, previously ATA's ex ecutive vice president, will serve as acting president. * * * The Federal Aviation Administration has proposed an expansion of “black boxes" (recorders crucial in aircraft accident investigations) for commuter airlines which col lectively carry 30 million people annually. Under a pro posed rule published in the Federal Register, a cockpit voice recorder would be required on all multi-engine turbine-powered commuter planes, air taxis and helicop ters that seat more than six persons and require two-pilot crews. * * Piedmont Ti-iad International Airport's management will spend up to $50,000 by June on a marketing cam paign developed by Horn & Stronach to promote its new name and draw business from competing airports. The airport, formally Greensboro/High Point Regional Air port, will retain its airport code, GSO. ♦ * * On March I, AVAIR began nonstop American Eagle service to Myrtle Beach, SC, and increased nonstop flights from Washington Dulles and Lynchburg. VA, to American's Raleigh/Durham hub. The new schedule will bring to three the number of daily nonstops to Raleigh/ Durham in each market. * * * On April I, 1988, Hartsfield Atlanta International Air port will become the nation’s first airport to implement an employee identification system using the new com puterized Edicon Photo Image Management System. Each employee will be issued an identification badge which contains personal data and a digitized video camera image of the individual. When an employee ap proaches a gate, the badge is placed into a reader which displays the data and image which can be matched with the bearer of the badge. If the badge is invalid for any rea son, it will be confiscated and the employee will be denied access. The installation of the system is in response to an FAA requirement that airport operators issue restricted area badges to individuals and monitor their use. * * * A proposed rule issued by the Department of Transpor tation on March 3 would require airlines to test employ ees in safety- or security-related jobs for drugs, including random testing. The Air TVansport Association supports the DOT'S proposal. ♦ * * Among the major carriers, five reported net profits and three, losses, for 1987. Delta reported the highest earn ings. $232.6 million. American had a net profit of $198.4 million; USAir (which includes a portion of Piedmont’s profits), $194.6 million; TWA, $106.2 million; and North west $103.0 million. Those showing losses included Texas Air which lost $466.1 million in 1987; Pan Am, $274,6 million; and United $4.2 million. DC-3 Schedule Piedmont's restored DC-3 will be appearing at the following airshows and special events during the next month: April 9-12 Sun & Fun Airshow. Lakeland, FL April 24 Azalea Festival Airshow, Naval Air Station. Norfolk, VA April 30 Piedmont Fly-In, Southern Pines, NC May 1 Wright Brothers Fly-In. Dare County Regional Airport, Manteo, NC PI helps USAir Group report record net income for 1987 USAir Group has reported record 1987 net income of $194.6 million on revenue of $3.0 billion. Earnings per share were $5.27 on 37.8 million fully-diluted shares. Results are subject to completion of the year-end audit. By comparison, in 1986 USAir Group had net income of $98.4 million on revenue of $1.84 billion. Fully-diluted per share earn ings were $3.33 on 31.7 million shares. USAir Group operating income for 1987 was $319.2 million, also a record, and com pares with 1986 operating income of $169.4 million. 'T987 was a milestone year at USAir Group, a year highlighted by our acquisition of Pacific Southwest Airlines and Piedmont Aviation and record earnings for USAir," said USAir Group Chairman and President Edwin 1. Colodny. ‘‘1987 was the 12th consecutive profitable year for the company. Our track record made it possible to finance the acqui sitions on reasonable terms without jeopar dizing the company's future." USAir had 1987 net income of $164.1 mil lion on revenue of $2.1 billion, which com pares with net income of $89.2 million on revenue of $1.8 billion for 1986. USAir Group is a holding company with USAir, PSA and Piedmont as its principal subsidiaries. PSA was acquired in May 1987 and the Piedmont acquisition was completed in early November. PSA and Piedmont finan cial results are consolidated with those of USAir in the USAir Group report for the months following acquisition completion. In addition, an equity share in the net income of Piedmont was reported by USAir Group during the period from March 8 through October. Beginning in April, the company owned approximately 55 percent of Pied mont's outstanding stock. During the fourth quarter, USAir Group had net income of $26.7 million on revenue of $1.1 billion, which compares with net in come of $32.1 million on revenue of $483.4 million for the same quarter a year earlier. Fourth quarter fully-diluted earnings per share were $0.62 on 43.2 million shares out standing, compared with $1.05 on 31.9 mil lion shares for the fourth quarter of 1986. Fourth quarter net income for USAir was $34.4 million, up from $29.0 million for the same period of 1986. Revenue for the fourth quarter was $536.1 million which compares with $467.8 million for the fourth quarter of 1986. I Above: Employees began moving into the new 100,000-square-foot office building adjacent to INTRO in early February. The building will eventually house about 2,000 people in interna tional, rates, customer service, queues, frequent flyer, ticket-by-mail, groups eind tours, schedule changes, executive ac counts, £ind the CRC departments. John Tkyloe, manager-reservations support services, is in charge of the facility. Right: Denise Speas works in the rates department, located on the first floor. traffic February First Two Months passengers 1,973,244 ■(•11.4% 3.864,681 -F 10.0% revenue passenger miles 920-5 million + 18.0% 1.8 billion + 16.3% available seat miles 1.7 billion -t-18.3% 3.4 billion 15.7% load factor 55.41% -.13pts. 54.35% - .27 pts. *Record February for passengers. RPMs, and ASMs. *Note that February 1988 included one more day than February 1987. *Our seven reservations centers answered 2,841,940 calls in February 1988. *Thefollowing stations set record enplanements for February: BTV. RSW. FHX. SAN, and ORH. carga January U.S. Mall 2.520,255 -H 30.9 Air Freight 4,696,819 122.4% Air Express 58,506 -f 22.9% TOTAL 7,275,550 + 78.1% •most mall, freight, express, and total ton miles for any January in company's history. Piedmonitor • March 1988
Piedmont Aviation Employee Newsletter
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March 1, 1988, edition 1
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