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Editorial Results (free)

1. US Airlines Running Behind Schedule So Far in 2014 -

More U.S. flights arrived late in June than the month before, continuing a string of poor performances by the nation's airlines.

The government says that in the first six months of the year, the rate of late flights was the highest since 2008 and cancelations were the highest since 2000.

2. US Airfares on the Rise, Outpacing Inflation -

NEW YORK (AP) – Travelers, prepare to pay more for your flight.

The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year. Domestic airfare continues to outpace inflation, rising 2.7 percent compared to the 2.1 percent gain in the Consumer Price Index.

3. Virgin America Files Plans for IPO -

NEW YORK (AP) — Virgin America's next destination is Wall Street.

The California-based airline filed on Monday for an initial public offering of shares.

Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. It is known for offering a variety of perks on its jets, including live TV, movies, leather seats and purple mood lighting.

4. Airlines Report Big Second-Quarter Profits -

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.

Now riding a post-merger tide of higher fares and stable fuel costs, those same airlines are piling up profits – and sharing the newfound riches with investors.

5. Airlines Show Gains In Traffic, Revenue -

Two of America’s biggest airlines said Monday that passenger traffic increased in May and a key revenue figure came in higher than a year ago.

The results from American and Southwest indicated that U.S. airlines are continuing to prosper from solid travel demand and stable although elevated fuel prices. And that is boosting the stock of both companies.

6. Airlines Show Gains in Traffic, Key Revenue Figure -

Two of America's biggest airlines said Monday that passenger traffic increased in May and a key revenue figure came in higher than a year ago.

The results from American and Southwest indicated that U.S. airlines are continuing to prosper from solid travel demand and stable although elevated fuel prices. And that is boosting the stock of both companies.

7. Airlines Collecting Less Money for Bag Fees -

FORT WORTH, Texas (AP) – Airlines are taking in less money from bag fees than they did two years ago, but they are making up for it by adding charges for a slew of extras, including getting a decent seat.

8. US Says Average Airfares Rising Slowly -

DALLAS (AP) – The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago.

The U.S. Department of Transportation said Tuesday that the average domestic airfare rose to $381 in the fourth quarter of 2013, a 0.3 percent increase from a year earlier.

9. American Air, JetBlue Ending Agreement -

American Airlines and JetBlue Airways Corp. are ending an agreement that allowed travelers to add connections to their itinerary on each other’s aircraft.

10. Southwest Wants to Add Memphis-Dallas Flights -

Southwest Airlines could expand service to Memphis if it gets access to two more gates at Love Field in Dallas.

Southwest said Monday it would begin 20 flights to 12 new nonstop cities out of Dallas Love Field, including Memphis, in late 2014 if it gets two gates that American Airlines must vacate because of its merger with US Airways.

11. Flight Cancelations Take a Toll on Airline Revenue -

DALLAS (AP) – Airlines are still tallying up the damage from this winter's storms, but solid demand for travel means they are likely to weather the rocky start to 2014 in good shape.

Reports from some of the airlines point to higher average prices, and executives say spring bookings look strong.

12. Southwest Wants to Add Memphis-Dallas Flights -

Southwest Airlines could expand service to Memphis if it gets access to two more gates at Love Field in Dallas.

Southwest said Monday it would begin 20 flights to 12 new nonstop cities out of Dallas Love Field, including Memphis, in late 2014 if it gets two gates that American Airlines must vacate because of its merger with US Airways.

13. American Airlines, JetBlue Ending Agreement -

American Airlines and JetBlue Airways Corp. are ending an agreement that allowed travelers to add connections to their itinerary on each other's aircraft.

14. JetBlue, Southwest Win Rights at DC Airport -

DALLAS (AP) – Southwest and JetBlue say they are the beneficiaries of a deal requiring American Airlines to give up some of its coveted operating rights at Washington's Reagan National Airport.

15. Great Expectations -

The Memphis Convention & Visitors Bureau forecasts 2014 to be a banner year, thanks to increased consumer confidence with leisure travelers and a booking pace for conventions, meetings and sporting events that is easily outpacing last year.

16. American Airlines Begins Post-Merger Changes -

FORT WORTH, Texas (AP) – American Airlines and US Airways began Tuesday to let passengers earn and redeem frequent-flier miles on either airline.

So-called elite frequent fliers – those logging the most miles – began to get extra reciprocal benefits including priority boarding and free bag-checking on either airline. The airlines also gave members of their airport-lounge clubs access to each other's facilities.

17. The Year That Was -

2013 brought plenty of unique and out-of-the-ordinary moments, as well as the launch of new events, businesses and civic ventures that collectively made the Memphis experience richer.

Much of it was covered in these pages, including in recent days a U.S. Supreme Court justice eliciting chuckles from and sharing his constitutional philosophy with an audience of Memphis lawyers.

18. American Airlines Orders 90 Regional Jets -

FORT WORTH, Texas (AP) – American Airlines, fresh out of bankruptcy and newly merged with US Airways, said Thursday that it will buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes.

19. New American Airlines Emerges as Deal Closes -

FORT WORTH, Texas (AP) – American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world's biggest airline.

20. Judge Moves Airline Merger Step Closer to Takeoff -

A federal bankruptcy judge has cleared the way for American Airlines and US Airways to complete their merger and create the world's largest airline.

The judge ruled Wednesday that this month's settlement of an antitrust lawsuit filed by the federal government didn't upset American's bankruptcy-reorganization plan, which is built around the merger. He rejected a request by a group of consumers to block the deal temporarily.

21. State Lease Bolsters One Commerce Square -

F. Scott Fitzgerald once said there were no second acts in American lives.

But One Commerce Square, the towering Downtown office building at Union Avenue and Main Street, is preparing for its third act.

22. If Government Backs In-Flight Calls, Will the Airlines? -

NEW YORK (AP) – The Federal Communications Commission might be ready to permit cellphone calls in flight. But what about the airlines?

Old concerns about electronics being a danger to airplane navigation have been debunked. And airlines could make some extra cash charging passengers to call a loved one from 35,000 feet. But that extra money might not be worth the backlash from fliers who view overly chatty neighbors as another inconvenience to go along with smaller seats and stuffed overhead bins.

23. Airline Merger Could Bring Changes to Memphis Airport -

Delta Air Lines considers itself a “low-cost carrier” that should be able to apply for the slots and gates US Airways Group Inc. and American Airlines are giving up as part of their merger settlement agreement with the U.S. Justice Department.

24. Government Reaches Agreement to Allow Airline Merger -

WASHINGTON (AP) – The Justice Department says it has reached an agreement to allow American Airlines and US Airways to merge, creating the world's biggest airline.

The agreement requires the airlines to scale back the size of the merger at Washington's Reagan National Airport and in other big cities.

25. FAA OKs Air Passengers Using Gadgets on Planes -

WASHINGTON (AP) – Airline passengers will be able to use their electronic devices gate-to-gate to read, work, play games, watch movies and listen to music – but not talk on their cellphones – under much-anticipated guidelines issued Thursday by the Federal Aviation Administration.

26. US Airways Net Income Dips on Higher Taxes -

DALLAS (AP) — Higher taxes reduced US Airways' third-quarter profit, but the airline still beat Wall Street expectations on a combination of more traffic and higher average fares.

US Airways, the nation's fifth-biggest airline, pushed revenue higher by filling a larger percentage of seats. Including US Airways Express regional flights, passengers traveled nearly 5 percent more miles and they paid 4.4 percent more for every mile that they flew.

27. American Airlines Plans to Hire 1,500 Pilots -

FORT WORTH, Texas (AP) – American Airlines says it will hire 1,500 new pilots over the next five years and offer jobs to the remaining pilots who are still furloughed.

American said Monday that it would begin posting the new jobs this week and hire 45 to 50 pilots per month through next summer. It has already started hiring 1,500 flight attendants.

28. Airlines: Who Did DOJ Interview on Merger -

DALLAS (AP) – American Airlines and US Airways want to know whom the government interviewed before it sued to block the airlines' merger, and what those people said.

The airlines say that the U.S. Department of Justice is refusing to turn over the names, claiming that doing so would reveal the thinking of antitrust lawyers who filed the lawsuit against the merger.

29. American, US Airways Extend Merger Deadline -

FORT WORTH, Texas (AP) – US Airways and American Airlines are extending their merger deadline by at least a month to wait for the outcome of an antitrust lawsuit filed by the federal government.

30. Judge Approves American Airlines' Bankruptcy Plan -

DALLAS (AP) – A federal judge has approved American Airlines' plan to emerge from bankruptcy protection and merge with US Airways, although the airlines must still resolve a lawsuit filed by the federal government seeking to block the merger.

31. Airlines Say US Case Against Big Merger is Flawed -

DALLAS (AP) – American Airlines and US Airways say that the government's opposition to their planned merger shows that it doesn't understand the airline industry.

The Justice Department and several states sued last month to block the merger, on the grounds that it would hurt consumers.

32. Cooper: ‘False Promises’ Prompted Airline Merger Challenge -

Tennessee Attorney General Robert Cooper said the state joined the U.S. Justice Department and five other states in opposing the proposed $11 billion merger of U.S. Airways and American Airlines, because of the state’s experience with past airline mergers.

33. Government, States Try to Block Proposed Airline Merger -

WASHINGTON (AP) – The federal government is trying to block the proposed merger of American Airlines and US Airways, saying it would cause "substantial harm" to consumers by leading to higher fares and fees.

34. European Watchdog Approves US Airways, AMR Merger -

AMSTERDAM (AP) – European authorities have cleared US Airways Group Inc.'s proposed merger with American Airlines' parent company, AMR Corp. – on the condition that they give up one slot at London's Heathrow airport and take steps to foster competition on the London-Philadelphia route.

35. Henneberger Joins First State Bank Small-Business Lending Division -

Sean Henneberger has joined First State Bank’s small-business lending division as vice president/business development officer in the Memphis market. In his new role, Henneberger will help small businesses pursue loans through the U.S. Small Business Administration and U.S. Department of Agriculture Business and Industry Guaranteed Loan Program.

36. US Airways Shareholders Approve American Merger -

NEW YORK (AP) – US Airways shareholders overwhelmingly approved a proposed merger with American Airlines, bringing the companies closer to creating the world's biggest airline.

The main hurdle now is a review by antitrust regulators at the U.S. Department of Justice. Concerns have been raised about the merger's impact on airfares, and the combined airline's potential dominance at Washington's Reagan National Airport.

37. US Airlines' On-Time Rating Drops Again in May -

Summer travelers should pack plenty of patience: More flights are running late this year than in 2012.

The U.S. Department of Transportation says that only 79.4 percent of domestic flights arrived on time in May, down from 83.4 percent in the same month last year.

38. Justice Department, EU Clear Delta-Virgin Atlantic Deal -

Delta Air Lines won key approvals from antitrust regulators on Thursday for its deal to buy almost half of Virgin Atlantic.

Both the U.S. Justice Department and the European Commission said the deal does not pose an antitrust threat. They concluded that Delta and Virgin Atlantic will still be competing against a strong alliance between American Airlines and British Airways, as well as other airlines.

39. Airlines' On-Time Performance Falls, US Says -

The nation's airlines struggled to stay on schedule in April, with nearly one in four flights arriving late, according to new government figures.

The airlines blamed furloughs of federal air traffic controllers and bad weather. A nationwide computer outage at American Airlines added to the slowdown.

40. American, US Airways Name Post-Merger Leadership -

DALLAS (AP) – The new American Airlines will have more top executives from smaller but more successful US Airways than from the current American.

Five US Airways executives will follow their current CEO, Doug Parker, when he takes control after the airlines complete their proposed merger. Three executives from American parent AMR Corp. were named to the new company's leadership team.

41. Red Carpet Tour Courts Site Selectors -

Site selection experts from six nationally known firms got a “red carpet tour” from the Greater Memphis Chamber Wednesday, June 5, in a recruitment effort that included a look at the industrial infrastructure of the Memphis area.

42. LaunchYourCity Draws Lessons From West Coast -

The group from LaunchYourCity that traveled to San Francisco in March has returned, refreshed and reinvigorated, ready to carry out what was the hoped-for goal of the trip:

Take the lessons learned and use them to help Memphis’ startup community scale new heights.

43. AMR CEO Horton in Line for $20 Million Severance -

Tom Horton won't get to lead the new American Airlines after it merges with US Airways, but he'll get a going-away prize of nearly $20 million.

44. Downtown Focus -

With its own tax incentives, a narrowly focused group of development boards, a variety of neighborhood demographics and development clusters that run the gamut from commercial to residential, Downtown Memphis is a veritable petri dish of economic development.

45. High-Stakes Game -

At week’s end, International Paper Co. appeared ready to move forward with officially applying for a package of tax incentives as part of a plan to expand the company’s headquarters in the city.

46. High-Stakes Game -

At week’s end, International Paper Co. appeared ready to move forward with officially applying for a package of tax incentives as part of a plan to expand the company’s headquarters in the city.

47. Delta Buys Stake in Virgin Atlantic, Holds Investor Day -

On the heels of agreeing to buy a 49 percent stake in Virgin Atlantic from Singapore Airlines for $360 million on Tuesday, Delta Air Lines Inc. held its annual investor day conference on Wednesday, Dec. 12, in Atlanta and detailed the restructuring of its fleet, which will affect flights between Memphis and Birmingham.

48. US Airways Posts Record Third-Quarter Profit -

DALLAS (AP) — US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season.

Net income for the third quarter was a record $245 million, or $1.24 per share, compared with $76 million, or 41 cents per share, a year earlier, the airline said Wednesday.

49. American Airlines: Key Revenue Number Rises -

DALLAS (AP) – American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations.

50. American Airlines, Union Agree to Resume Contract Talks -

DALLAS (AP) – American Airlines and its pilots' union have agreed to resume stalled contract negotiations.

The union also said Tuesday that it will delay releasing results of a strike-authorization vote scheduled to end Wednesday.

51. British Airways Considers American Airlines Stake -

British Airways’ parent company International Airlines Group says that it has signed a non-disclosure agreement with American Airlines, allowing it to look at the company’s books.

Foreign investors are prohibited from owning more than 25 percent of a U.S. airline. The two airlines already have a joint business agreement for flights across the Atlantic Ocean and were founding members of the OneWorld frequent flier alliance.

52. Leader of American Airlines Pilots' Union Resigns -

DALLAS (AP) – The leader of the pilots' union at American Airlines resigned Thursday after pilots rejected a concessionary contract offer that he supported.

David Bates said that the union's board asked him to step down and he agreed.

53. US Seeks $162M in Fines Against AMR, American Air -

DALLAS (AP) – Federal safety regulators are seeking up to $162.4 million in fines against American Airlines and its affiliates for alleged violations of U.S. safety standards going back several years. The sanctions would dwarf any previous penalties against an airline.

54. IAG Eyes Stake in American Airlines -

LONDON (AP) — The owner of British Airways and Spanish airline Iberia says it is considering taking a stake in American Airlines.

"It is something we would consider," a spokeswoman for International Airlines Group said Monday, confirming remarks by IAG CEO Willie Walsh reported earlier in the day by the Financial Times.

55. American CEO Bashes US Airways; Calls it Desperate -

BOSTON (AP) – American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the two airlines, not the other way around.

56. Consultant’s Advice For Memphis: Fly Delta -

The advice seemed to take aim at the most tender part of the raw nerve running through the recent civic discussion about Delta Air Lines Inc.’s cuts in air service at Memphis International Airport and the higher fares that have come with the cuts.

57. AMR has Q2 Loss of $241M on Bankruptcy Costs -

DALLAS (AP) — American Airlines is reaping higher fares and record revenue but still losing money.

American's parent, AMR Corp., said Wednesday that it narrowed its second-quarter loss to $241 million from $286 million a year ago. The results were weighed down by the cost of AMR's bankruptcy restructuring.

58. American Offers to Drop Plans to Lay Off Pilots -

DALLAS (AP) – American Airlines is offering to drop plans to furlough pilots as it seeks union approval for a long-term cost-cutting deal that would help American rebuild while under bankruptcy protection.

59. Forum Addresses Airfare Concerns -

Southwest Airlines will come to Memphis International Airport at some point. But when the Dallas-based carrier does, Memphis airline passengers shouldn’t expect it will drop airfares at the airport back to pre-recessionary levels.

60. Airfare Forum Draws Southwest Predictions -

Southwest Airlines will come to Memphis International Airport at some point. But when the Dallas-based carrier does, Memphis airline passengers shouldn’t expect it will drop airfares at the airport back to pre-recessionary levels.

61. AIRfair? -

Two frequent-flyer businessmen booked side-by-side seats on Delta Air Lines flights from Minneapolis to St. Louis last month, with one of them getting charged a higher price than the other each time they tried booking it.

62. US Airways Makes Deals With 3 AMR Unions -

DALLAS (AP) – US Airways has struck deals with unions at American Airlines to win their support for a possible merger of the two airlines.

The unions are angry that American is trying to cut jobs and labor costs while under bankruptcy protection. They represent 55,000 pilots, flight attendants and ground workers at American, the nation's third-largest airline

63. American Airlines Aims to Cancel Labor Contracts -

NEW YORK (AP) – American Airlines will ask a federal bankruptcy judge next week to throw out its union contracts if it can't reach cost-cutting deals with labor unions.

One of American's lead lawyers in the bankruptcy case, Harvey Miller, said Thursday that the company and unions have bargained in good faith, but he doesn't expect them to reach compromises.

64. 2008 Model Predicts Effects of Airline Mergers -

Two years ago, a trio of economics professors at Stanford University’s Graduate School of Business, checked in on a model they built in 2008 to measure and predict the long-term effects of U.S. airline mergers on specific markets, including Memphis.

65. American Airlines Aims to Cut 13,000 Jobs -

DALLAS (AP) – The parent of American Airlines wants to eliminate about 13,000 jobs – 15 percent of its workforce – as the nation's third-biggest airline remakes itself under bankruptcy protection.

66. Madison Hotel Offers Frequent Flyer Miles -

The Madison Hotel is now offering frequent flyer miles for a variety of airlines through the hotel’s Worldhotels affiliation.

Guests will be able to earn a reward of 500 miles per stay on qualifying rates with 19 of the world’s international airlines, including American Airlines Inc., Delta Air Lines Inc., US Airways Group Inc. and United Air Lines Inc.

67. Delta, Southwest News Could Bring Change to MEM -

Once again, there was a message about Memphis International Airport’s importance to Delta Air Lines in comments Delta’s leaders made this week when the company released year-end and fourth-quarter 2011 earnings figures for its global system.

68. Delta’s Quarterly Profit More Than Doubles -

Delta Air Lines reported its most profitable quarter ended in December in the company’s history – with quarterly profit excluding special items more than doubling from a year ago.

The Atlanta-based major carrier with a hub at Memphis International Airport reported net income excluding special items of $379 million for the last calendar quarter of 2011. The net income was $221 million better than the $158 million a year earlier.

69. Delta’s Quarterly Profit More Than Doubles -

Delta Air Lines reported its most profitable quarter ended in December in the company’s history – with quarterly profit excluding special items more than doubling from a year ago.

The Atlanta-based major carrier with a hub at Memphis International Airport reported net income excluding special items of $379 million for the last calendar quarter of 2011. The net income was $221 million better than the $158 million a year earlier.

70. Delta Shares Up on Report of Interest in AMR -

FORT WORTH, Texas (AP) – Shares of Delta Air Lines Inc. rose Thursday after a report that the world's second-biggest airline may try to buy American Airlines parent AMR Corp.

71. Delta Announces Big LaGuardia Expansion -

NEW YORK (AP) – Delta Air Lines Inc. is boosting its flying out of New York's LaGuardia airport, adding routes that target American Airlines and put it in a better position to compete against United.

72. AMR's American Eagle May Cut 223 Jobs in February -

DALLAS (AP) – American Eagle, the regional-flying affiliate of American Airlines, may furlough 223 Texas-based pilots and flight attendants in February as the company cuts costs under bankruptcy protection.

73. Four-Star Forecast -

Recovery continues in the local hotel market, fueled in part by several Downtown luxury hotels that have experienced healthy business in 2011 and anticipate an even stronger performance next year.

Overall occupancy rate year-to-date for all hotels in the Mid-South is 59.4 percent, up from 57.6 percent last year at this time, according to third-quarter statistics from Smith Travel Research. The market’s average daily rate (ADR) has held steady since last year, hovering near $76, while revenue per available room (RevPAR) has jumped to $45.14, up from $43.81.

74. 3 Senior Executives Leaving American Airlines -

DALLAS (AP) – The exodus of top leaders at American Airlines is growing, a week after parent AMR Corp. filed for bankruptcy protection.

75. Airlines Attempt to Raise US Prices Again -

DALLAS (AP) – Major U.S. airlines are again trying to raise prices on many domestic flights.

Delta Air Lines Inc. confirmed Friday that it had raised fares to Florida, Phoenix and Las Vegas by up to $10 per round trip.

76. American Airlines Files for Bankruptcy Protection -

DALLAS (AP) – The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.

77. American Airlines Files for Bankruptcy Protection -

DALLAS (AP) – American Airlines and its parent company filed for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will be no impact on travelers for now.

78. Heart of Memphis -

The day before Tennessee Gov. Bill Haslam was the keynote speaker this summer at the Downtown Memphis Commission’s 2011 Annual Luncheon, he went for a jog in Nashville wearing his “Believe Memphis” Grizzlies T-shirt.

79. US Airways, Delta Hike Fares by Up to $10 Per Round Trip -

DALLAS (AP) – US Airways and Delta Air Lines Inc. are raising fares on many U.S. flights by up to $10 per round trip, and other airlines are tinkering with prices too.

80. 4 Airports Try Limited Low-Hassle Security Checks -

ATLANTA (AP) – A small group of frequent fliers began using lower-hassle security lines Tuesday in exchange for sharing more personal information with the government in a trial program at four U.S. airports.

81. Summit Touts Return of Demand -

“Demand is back” was the theme at the ninth annual Southern Lodging Summit held Downtown this week at The Peabody hotel and the Memphis Cook Convention Center.

Hoteliers and industry execs gathered for the 2011 Summit, which was organized by the Metropolitan Memphis Hotel & Lodging Association and hotel consulting firm Pinkowski & Co.

82. Tower Revival -

The reversal of fortune for the Downtown tower at the intersection of Main Street and Monroe Avenue, until recently plagued by falling occupancy and an uncertain future, was set in motion in a private meeting one year ago this month.

83. Independent Bank Inks One Commerce Lease -

The second-largest bank based in Memphis is coming Downtown. Independent Bank has inked a lease to open a bank branch in the lobby of One Commerce Square, in addition to space for the bank’s financial planning division on the tower’s 23rd floor.

84. Independent Bank Inks One Commerce Lease -

The second-largest bank based in Memphis is coming Downtown.

Independent Bank has inked a lease to open a bank branch in the lobby of One Commerce Square, in addition to space for the bank’s financial planning division on the tower’s 23rd floor.

85. $20M in Improvements On Tap for One Commerce -

Plans for $20 million in tenant improvements are coming right along at One Commerce Square.

Commercial Advisors LLC held a tenant meeting and appreciation lunch Thursday, Aug. 11, in the historic bank lobby, 40 S. Main St. The event was led by Gary Prosterman, president and CEO of Development Services Group and one of the partners in Memphis Commerce Square Partners LLC, the new ownership group of One Commerce.

86. $20M in Improvements on Tap for One Commerce -

Plans for $20 million worth of tenant improvements are coming right along at One Commerce Square.

Commercial Advisors LLC held a tenant meeting and appreciation lunch Thursday, Aug. 11 in the historic bank lobby, 40 S. Main St. The event was led by Gary Prosterman, president and CEO of Development Services Group and one of the partners in Memphis Commerce Square Partners LLC, the new ownership group of One Commerce.

87. Southwest Posts Q2 Profit of $161 Million -

DALLAS (AP) – Southwest Airlines Co. set records for full planes, and higher fares boosted revenue as the summer vacation season kicked into high gear.

88. More Airlines Raise Fares to Grab Tax Savings -

DALLAS (AP) – The great tax holiday of 2011 for air travelers is just about over.

By Monday, most U.S. airlines had raised fares to reap the benefit of lower federal taxes on airline tickets. A few airlines that were passing the savings on to consumers changed their minds.

89. Govt to Test Risk-Based Airport Screening -

WASHINGTON (AP) – The Transportation Security Administration said Thursday it will test a program to pre-screen a small group of select air travelers who volunteer more personal information about themselves so they can be vetted to get faster screening at airport checkpoints.

90. US Airlines Make Money Again by Flying Less -

DALLAS (AP) – After a decade of multibillion-dollar losses, U.S. airlines appear to be on course to prosper for years to come for a simple reason: They are flying less.

By grounding planes and eliminating flights, airlines have cut costs and pushed fares higher. As the global economy rebounds, travel demand is rising and planes are as full as they've been in years.

91. What Happens Next -

Take a good look around you, Memphis.

The next 12 months have so much in store, almost anywhere a person looks – from the neighborhood school to the family doctor to office buildings Downtown to industrial space in South Memphis – the pace of change is likely to make 2011 one for the record books.

92. TSA: Some Gov't Officials to Skip Airport Security -

WASHINGTON (AP) – Cabinet secretaries, top congressional leaders and an exclusive group of senior U.S. officials are exempt from toughened new airport screening procedures when they fly commercially with government-approved federal security details.

93. Protests & Pat-Downs -

Thanksgiving weekend will undoubtedly be a busy one for Memphis International Airport – serving 2.5 percent of its annual passenger count in the six-day span – but also for Transportation Security Administration (TSA) agents.

94. AIG Repaying Nearly $4 Billion in Federal Loans -

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

95. City Leaders Roll Out Red Carpet for Pinnacle -

The opportunity to convince Pinnacle Airlines Corp. to bring its Memphis headquarters Downtown has presented the first opportunity for several important figures to coordinate their efforts on a major economic development deal.

96. Pinnacle Board Gets Downtown Hard Sell -

Pinnacle Airlines Corp. executives, after listening to a coordinated, Downtown-focused pitch from developers, businessmen and political leaders, will now take about a month to finish deciding where to relocate their corporate headquarters.

They’re considering sites Downtown, near Memphis International Airport as well as beyond the city. Mississippi has made what Pinnacle acknowledged is a “generous” offer for the company to move to Olive Branch.

Pinnacle executives are in town this week for the Memphis-based regional air carrier’s regular board meeting. Backers of the proposal to make Pinnacle the anchor tenant at Downtown’s One Commerce Square took that opportunity to make their case directly to the company in a private meeting Tuesday evening on the 29th floor of the landmark tower.

After about an hour, Pinnacle executives descended to the One Commerce lobby, where Memphis’ business elite were gathered, refreshments were served, and projected onto a screen were the words “Pinnacle Land Here” against a backdrop of the city.

Guests included a handful of political leaders, representatives of the Greater Memphis Chamber, EmergeMemphis, the Center City Commission and the heads of Memphis two largest locally-based banks, First Tennessee and Independent Bank, among other people.

Contrasting with the traditional nametags everyone else wore, the nametags of Pinnacle board members were brightly colored. All the better, Downtown supporters pointed out, for identifying them and laying on the charm.

“We’re going to fill this building,” exclaimed Karl Schledwitz, one of the partners with Southland Capital president Terry Lynch involved in buying the tower and working to lease a significant portion of it to Pinnacle.

As guests mingled, a marketing video produced by the Center City Commission was played on one wall that featured Downtown workers talking up the neighborhood. The same video was shown earlier that evening during the private pitch to Pinnacle’s board.

Making the case to the board were Memphis Mayor A C Wharton Jr.; incoming Shelby County Mayor Mark Luttrell and representatives of the investors buying One Commerce, as well as the Center City Commission and the Looney Ricks Kiss architectural firm.

Pinnacle Airlines Corp.’s board of directors participated in a walk-through of One Commerce Square, hosted by members of the Center City Commission, the investors who are buying the building, and key business and government leaders,” said Phil Trenary, Pinnacle’s president and CEO, in a statement released Tuesday night. “This visit gave our board an opportunity to get a firsthand look at the building.

“Pinnacle has not selected a new site and still has to complete an in-depth analysis on this and other sites. We appreciate the interest and enthusiasm that the City of Memphis, the CCC, the Chamber and the ownership group have shown as we move through this process.”

Tuesday was the culmination of a months-long synchronized attempt at deal-making among several entities working to keep Pinnacle from being lured away from Memphis.

Details of the multimillion-dollar incentive package business and civic leaders have pieced together to cement the Downtown location for Pinnacle also began to trickle out Tuesday.

Coupled with that, a series of well-timed dominoes still needs to fall into place before a deal sweetened with a variety of incentives comes together.

Lynch confirmed Tuesday afternoon that several things have to happen more or less simultaneously.

The city, or perhaps an entity like one of the Center City Commission’s affiliated boards, would need to buy a nearby parking garage at the same time the investors buy One Commerce Square and at the same time Pinnacle signs a lease. Plans in the works now call for leasing the nearby parking garage back to One Commerce Square's new owners and giving Pinnacle parking there. More Pinnacle parking would be available at 250 Peabody Place.

Lynch said a memorandum of understanding has already been making its way around to various people involved in the deal. Wharton, outgoing Shelby County Mayor Joe Ford and CCC President Paul Morris have all signed a memo outlining the proposed incentives.

Lynch said U.S. Bank, the current owner of One Commerce Square, has accepted the investment group’s bid, but plenty more moving pieces need to fall into place.

“We have a letter of intent and we’re working through a contract right now. We’re just going back and forth. That’s the status of it right now,” Lynch said.

He said the timeline for next steps is fluid.

“If we don’t get past the first one, we can’t get to the second one,” Lynch said. “There’s various steps we have to get to.”

Wharton said Tuesday the city would like to commit $3 million from the $5 million economic development fund Wharton recently asked for the City Council’s approval to establish.

Wharton also mentioned Tuesday the possibility of applying for $15 million in American Recovery and Reinvestment Act bond allocations from the state to add to the pot of financing for the Pinnacle deal.

Another facet of the issue is how to pay for and fit into the package the acquisition of a nearby parking garage for Pinnacle’s use. The importance of that topic was discussed by Downtown officials with Pinnacle’s board Tuesday night.

“Landing Pinnacle Downtown would be a big boost in all kinds of ways,” said council member Bill Boyd.

U.S. Bancorp recently accepted the bid to buy One Commerce Square tower from a group of investors that includes Lynch; Schledwitz; and Gary Prosterman.

Lynch’s group is committing $25 million to $30 million on the building, which includes the purchase price and improvements to the building in the coming months. The group is now teeing up a deal to make Pinnacle the building's anchor tenant, something that Wharton has said will be an attraction to other businesses that have expressed interest in following suit if Pinnacle inks a deal.

Lynch wasn’t able to disclose the building's formal purchase price, but One Commerce Square was listed for $12 million.

Look for updates at The Daily News Online, www.memphisdailynews.com.

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