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
FARNBOROUGH, England, July 14- Boeing said on Monday that China's Okay Airlines had ordered six 737 MAX 8 planes and four 737-800 aircraft, worth $980 million at list prices.
TORONTO, July 14- Bombardier Inc's long-delayed CSeries aircraft program received a boost on Monday, when the company announced two tentative orders for a total of up to 24 jets worth nearly $1.6 billion. Montreal- based Bombardier said it had signed an agreement with Chinese carrier Zhejiang Loong Airlines Co Ltd for 20 of its CSeries jetliners.
FARNBOROUGH, England, July 13- CFM International, a joint venture between General Electric Aviation and Safran of France, said on Sunday that it had been picked by American Airlines Group to provide engines for 100 Airbus A320neo jets the airline has on order. CFM said the order is worth $2.6 billion at list prices.
United Airlines, the airport's primary carrier, said in an email Friday to the Port Authority of New York and New Jersey, the airport's operator, that it still questions whether the agency has the legal power to impose a wage hike.
CHICAGO— United Airlines is the latest carrier to say it will reduce flights to Venezuela over a dispute about money trapped by tight currency controls in the South American country. American Airlines Group Inc., Delta Air Lines Inc. and several foreign airlines have previously announced cutbacks.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country's foreign exchange controls.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other major U.S. carriers who have reduced service because of problems repatriating their revenue through the country's foreign exchange controls.
Delta Air fell$. 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."