American
Airlines said today it plans to drop all seven of its daily American
Eagle flights from Mineta San Jose International Airport to Orange
County by Nov. 19.
The airline
previously had announced it would be dropping two of the flights to
Orange County's John Wayne Airport on Aug. 25. It has now decided to
eliminate the other five flights in November, because they "have not
been financially successful," said American spokesman Tim Smith.
Mineta spokesman
David Vossbrink, who said airport officials were informed of the change
last week, noted that Southwest Airlines also flies seven times a day
to Orange County from San Jose and that Southwest's planes carry about
three times as many passengers as American Eagle's.
Website Editor: How about filling that
empty JWA gate space with flights to someplace new? How will we
utilize the new third terminal and six new gates being built?
JWA - July down slightly from last year.
Fitch Ratings
affirms the 'A-' implied senior lien revenue bond rating to the City of
Long Beach Airport, California (LGB or the airport). The revenue bond
lien, of which there are no bonds outstanding at this time and none
anticipated until late 2009 are secured by a senior lien on net
revenues of the Long Beach Airport. The Rating Outlook is Stable.
The 'A-' implied
rating reflects the airport's location and the underlying demand within
the greater Los Angeles air trade service area, favorable enplanement
trends even in the current economic downturn, and very efficient and
generally low cost facilities for passenger airlines. The airport's
passenger base is 98% origination and destination (O&D), exhibits a
solid and growing demand for air passenger service to over 25 markets,
an adequate balance sheet and good financial operation. Credit concerns
include the very high single carrier concentration levels (79% by
JetBlue Airways), the potential for additional leverage and its impact
on airport finances, competitive region served by multiple airports,
and the overall current state of the airline industry and regional
economy.