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Airlines face margin pressure
YAHOO
Reuters - Airlines, already lowering fares in
response to softening demand this fall, face additional
pressure on margins from tighter security measures after this
week's foiled bomb threat, experts said.
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Economists watch for terror plot impact
YAHOO
AP - Failure of the plot to blow up U.S.-bound planes saved the weakening economy from a major jolt. Now economists are keeping close tabs on consumers and businesses for lingering fears.
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Shares Of Airlines Fall As Delays And Cancellations Ripple Across The Globe
AHN
Airlines are canceling flights and instituting increased security precautions after a foiled terror plot attempted to destroy as many as 10 airplanes in flight. The cancellations and delays are costing airlines untold millions; especially carriers that operate at London's Heathrow Airport....
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US airlines on recovery path despite fears
YAHOO
Reuters - Security fears may dampen demand for
air travel in the short term, industry watchers said on
Thursday, after British police foiled a plan to blow up
transatlantic jetliners, but they won't throw U.S. airlines off
their long recovery from the September 11, 2001 attacks.
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Delta posts $2.2 bln net loss for second quarter
YAHOO
Reuters - Delta Air Lines Inc. on
Wednesday reported a wider quarterly loss as it paid out more
than $2 billion in bankruptcy related costs.
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Judge delays ruling on Northwest strike issue
YAHOO
Reuters - A federal judge on Wednesday delayed a
decision on whether flight attendants at bankrupt Northwest
Airlines have a right to strike as a means to
pressure the company back into contract negotiations.
Sources: YAHOO
Sources: AHN
Airlines Increase Domestic Fares By Up To $10
AHN
Domestic fares aimed at business travelers increase up to $10 for a one-way fare. United Airlines began the price hike by increasing its tickets $5 each way on trips that are less than 1,000 and $10 for flights that are more than 1,000 miles....
Sources: AHN
US airlines raise fares
YAHOO
Reuters - U.S. airlines raised fares by up to
$10 one-way for tickets geared at business travelers, taking
advantage of robust demand at the tail end of the peak summer
travel season.
Sources: YAHOO
Northwest Airlines net loss widens
YAHOO
Reuters - Bankrupt Northwest Airlines Corp.
on Monday posted a wider quarterly net loss, but
said that excluding costs related to its reorganization, it saw
a profit.
Sources: YAHOO
UAL Corp. Posts First Profit In Six Years
AHN
As higher fares and crowded planes helped its revenue grow 16 percent, United Airlines parent UAL Corp. reaffirmed Monday that it had its first profit in six years in the second quarter. The result underscores a turnaround quarter for U.S. airlines, which thrived despite record fuel prices thanks...
Sources: AHN
UAL Corp. Reports 2Q Profits After Emerging From Bankruptcy
AHN
UAL Corp., the parent company of United Airlines, on Monday reported a second-quarter profit. The report came after the company posted a heavy loss in the second-quarter of last year caused by one-time reorganization costs.
Sources: AHN
Sources: YAHOO
Delta Offering Service to London
AHN
Delta Air Lines Inc. is adding nonstop service to London. The company is acquiring from United Airlines the route authority to serve London nonstop from New York's John F. Kennedy International Airport. The first flight will begin later this year....
Sources: AHN
GM and UAW support pensions bill
YAHOO
Reuters - Final pension reform legislation
headed for a vote in the U.S. Senate this week not only will
help bankrupt airlines save their traditional retirement plans,
but also is supported by General Motors Corp. and the
United Auto Workers.
Sources: YAHOO
Biman Makes Its Last Flight To NY On Saturday
AHN
In an effort to end incurring perennial financial losses Biman Bangladesh Airlines will make its last flight to New York on Saturday amid protests from Bangladeshi expatriates in New York and Biman officials, a local newspaper reported....
Sources: AHN
Delta In Deal To Acquire New York-London Line
AHN
Delta Air Lines Inc. on Friday announced it had reached a $21 million deal with UAL Corp.'s United Airlines that would allow the company to offer a daily roundtrip service from New York's John F. Kennedy International Airport to London....
Sources: AHN
Sources: AHN
Sources: AHN
Continental's Second-Quarter Earnings Increase
AHN
Continental Airlines said on Thursday its second-quarter earnings almost doubled as fuller flights and most costly tickets offset increased fuel costs. Continental Airlines said on Thursday its second-quarter earnings almost doubled as fuller flights and most costly tickets offset increased fuel...
Sources: AHN
Continental Airlines profit rises on fare hikes
YAHOO
Reuters - Continental Airlines Inc. on
Thursday said second-quarter profit nearly doubled as higher
fares and wage cuts offset climbing fuel prices.
Sources: YAHOO
Northwest Airlines Agrees With Flight Attendants
AHN
Northwest Airlines Corp. on Monday reached a tentative agreement with flight attendants. The deal came after flight attendants threatened to go on strike on Monday following a new contract the company planned to impose on them....
Sources: AHN
United moving headquarters
YAHOO
Reuters - United Airlines said on Saturday that
it is moving its headquarters and 350 employees from a Chicago
suburb to the city's downtown district in early 2007.
Sources: YAHOO
BA raided in UK, US airline price fixing probe
YAHOO
Reuters - UK authorities have raided British
Airways Plc as part of a transatlantic investigation into an
alleged cartel over airfares and fuel surcharges which saw BA
suspend two senior executives.
Sources: YAHOO
Regulators Investigating British Airways Price Fixing
AHN
British Airways said on Thursday that Britain's Office of Fair Trading (OFT) and the U.S. Department of Justice are investigating alleged price fixing of passenger fares and fuel surcharges by BA and other airlines. BA has also suspended two of its senior executives....
Sources: AHN
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