The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.
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Contributors
Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.
C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.
John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.
Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.
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Expect to furnish not only your name but also your birth date and gender when you buy airline tickets soon.
A new rule imposed by the federal Transportation Security Administration calls for passengers to provide that information to airlines which will forward it to the TSA.
That additional information will help reduce the number of people who needlessly are put through additional searches or who are denied access to air travel because their names are the same as those on federal watch or "no fly" lists.
Among those that were the victim of so-called "false positives" was Sen. Edward Kennedy of Massachusetts who was barred from a 2004 flight because his name was the same as an alias of a man on the list.
SeaTac's Horizon Air's plans to use only a single aircraft type in its fleet have been delayed due to issues in the credit and aircraft markets.
That's the word from executives at the airline in a third quarter earnings call today.
Horizon plans to retire both its 37-seat Q200 turboprops and its 70-seat CRJ-700 jets and replace them with Q-400 turboprops that seat 76 passengers.
But the airline is finding that its 20 CRJs aren't selling well because of paralysis in the credit markets and tough times in the travel business.
The airline said its believes it has found a new home for two of the jets, but interest in the other 18 so far hasn't been keen.
Horizon said it may ask Bombardier, the Canadian manufacturer of the Q400 to delay scheduled deliveries of new aircraft to Horizon until the airline can dispose of more of the jets.
Horizon is moving toward a single fleet type to simplify maintenance, scheduling and training and because the Q400 aircraft is more fuel efficient than the CRJ or the Q200.
We've just heard from Employment Security that Fife-based Morning Sun will close in late December, laying off 162 employees.
The director of human resources has confirmed the report, and she'll be sending out a letter from the CEO. I'll update this report when I hear more.
Alaska Air Group earnings fell in the third quarter as a slowing economy and wildly fluctuating fuel prices exacted their toll on the company's bottom line.
Alaska Air Group is the parent company of SeaTac-based Alaska Airlines and Horizon Air.
The airline holding company's net income excluding special charges such as the value of the company's fuel hedge portfolio and costs for early retirement of fuel-guzzling older jets, was $39.9 million or $1.10 a share, the company annnounced today.
That compares with $78.8 million or $1.93 per share in the same quarter last year.
On an unadjusted basis, the company reported losses of $86.5 million or $2.40 a share compared with net income of $81.8 million or $2.01 a share.
Alaska Chairman Bill Ayers said the company was pleased nonetheless to post an adjusted profit during a difficult period in the airline business.
