Increasing demand from low-cost airlines and booming airline travel in Asia – China in particular – drove Boeing to raise its forecast for new planes.» Read More
Delta Air fell$. 17 or. 5 percent, to $37.28. JetBlue Airways Corp. rose$. 17 or 1.6 percent, to $10.90. Southwest Airlines Co. rose$. 02 or. 1 percent, to $27.29.
NEW YORK— Shares of some top construction companies are mixed at 1 p.m.:. Foster Wheeler fell$. 09 or. 3 percent, to $33.70. Quanta Services Inc. rose$. 03 or. 1 percent, to $34.70.
Delta Air fell$. 02 or. 1 percent, to $37.43. JetBlue Airways Corp. rose$. 05 or. 5 percent, to $10.78. Southwest Airlines Co. rose$. 15 or. 6 percent, to $27.42.
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 10 or. 3 percent, to $33.69. Quanta Services Inc. fell$. 18 or. 5 percent, to $34.49.
HONOLULU— United Airlines has agreed with a union to keep about 220 jobs at airports on Kauai, Maui and the Big Island. United Airlines spokeswoman Christen David said the airline came to an agreement with the International Association of Machinists and Aerospace Workers, with employees voting on the agreement Thursday.
Boeing said Thursday that its "space bins" will hold six standard-size carry-on bags— two more than fit in current bins on the 737.. Alaska Airlines will be the first carrier to get the larger bins on new planes, starting in late 2015. The airline's treasurer, Mark Eliasen, says the extra space will let passengers keep personal items in the cabin.
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 07 or. 2 percent, to $33.86. Quanta Services Inc. fell$. 22 or. 6 percent, to $34.84.
NEW YORK— Southwest Airlines has been downgraded by S&P Capital IQ, which cited a recent run-up in the company's share price and its history of flight delays. Southwest, which also operates AirTran Airways, reported this week that a key revenue figure jumped more than 8 percent in the second quarter, compared with a year earlier.
Delta Air rose$. 35 or. 9 percent, to $37.31. JetBlue Airways Corp. fell$. 06 or. 6 percent, to $10.60. Southwest Airlines Co. rose$. 01 or percent, to $27.22.
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 24 or. 7 percent, to $33.69. Quanta Services Inc. fell$. 50 or 1.4 percent, to $34.56.
HELSINKI— Danish shipper Maersk Line has announced a vessel-sharing agreement with MSC Mediterranean Shipping Company on major shipping routes, three weeks after China blocked plans for an alliance between the two and CMA CGM of France.
COPENHAGEN, July 10- The world's top two container shippers, Maersk Line and MSC Mediterranean Shipping Co, have struck a fresh vessel-sharing agreement after a previous three-way pooling deal known as P3 was undone by China's failure to approve it.
American, United and Southwest indicated that a key revenue figure was higher than in the same period last year, and American also raised its forecast for profit margin in the second quarter. Cowen and Co. analyst Helane Becker said the new margin forecast "provides further evidence that was a very strong quarter for the airlines."
July 9- American Airlines Group, Southwest Airlines and United Continental Holdings on Wednesday cited growth in an important revenue measure during the second quarter, signaling that demand for air travel is solid during the summer.
1. Hawaiian Airlines, 93.2 percent. 2. Alaska Airlines, 89.7 percent. 5. US Airways, 82.1 percent.
The Transportation Department said Wednesday that 76.9 percent of flights arrived on time in May, down from 79.6 percent in April and 79.4 percent in May 2013. Hawaiian Airlines and Alaska Airlines, which get good weather on many routes, rank best.
July 9- American Airlines Group Inc and Southwest Airlines Co forecast growth in an important revenue measure for the second quarter, signaling that demand for air travel is solid during the summer.
SEEHEIM, Germany, July 9- Lufthansa may launch low-cost long-haul flights under a new brand as part of plans by the company's new boss to battle competition from Middle East carriers and no-frills airlines.
WARSAW, Poland— Poland's LOT airline is breathing a sigh of relief after the European Union's competition chief said he expects state aid to the company will be approved soon, reducing the risk of bankruptcy.
DALLAS— Southwest Airlines Co. said Wednesday that a key revenue figure rose sharply in June, which hinted that the carrier was able to charge higher average fares at the start of the summer travel season.