Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.» Read More
*Investors agree to share issue of up to 250 million euros. ROME, July 25- Alitalia shareholders on Friday approved a share issue of up to 250 million euros to keep the Italian flag carrier flying as it seeks to finalize a life-saving tie-up with Etihad Airways. Abu Dhabi's state-owned Etihad Airways plans to buy a 49 percent stake in the Italian carrier.
Arthur says the return flight to Toronto departed Tel Aviv about two hours later. The airline plans to operate this evening's flight to Tel Aviv. Flights by Air Canada and other airlines to Tel Aviv resumed Thursday after a suspension Tuesday following a Hamas rocket strike nearby.
The licence for New Kansai International Airport, which will be bundled with the operating rights for smaller Osaka International Airport, should fetch at least 2 trillion yen, Keiichi Ando, the chief executive of the government-owned New Kansai International Airport Co, told reporters.
BERLIN— Air France and Germany's two biggest airlines decided Friday to resume flights to Tel Aviv after canceling operations for several days over safety concerns. Air France said its first flight to Tel Aviv would leave Paris on Friday night. Germany's second-biggest carrier, Air Berlin, said that it would start flying midday Saturday.
But we also shouldn't worry too much, "says Phil Derner, founder of the aviation enthusiast website NYC Aviation. Then you would say there's a systemic problem here, but each event is unique, "said Jon Beatty, president and CEO of the Flight Safety Foundation, an airline industry-supported nonprofit in Alexandria, Virginia, that promotes global aviation safety.
WASHINGTON— Nearly 300 passengers perish when their plane is shot out of the sky. Less than one in 2 million flights last year ended in an accident in which the plane was damaged beyond repair, according to the International Air Transport Association.
Fluor fell$. 36 or. 5 percent, to $77.43. Foster Wheeler fell$. 35 or 1.0 percent, to $33.62. Quanta Services Inc. fell$. 37 or 1.0 percent, to $34.97.
He noted that the FAA ban came on the heels of last week's downing of a passenger jet by a missile in eastern Ukraine. Obama says that before lifting the ban, the FAA worked with Israel on a "checklist of concerns and mitigation measures" to ensure the safety of U.S. airlines. The FAA said the ban was imposed out of concern for the risk of planes being hit by Hamas rockets.
OMAHA, Neb.— Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. Union Pacific Chief Executive Jack Koraleski said those shipments show the economy is continuing to gradually improve, making railroad executives optimistic about the rest of the year.
Ted Cruz vowed Thursday to continue blocking confirmation of a series of ambassadorial and other diplomatic nominees despite the Federal Aviation Administration lifting a ban on U.S. airline flights to Israel.
American Airlines announced Thursday that it would pay its first dividend in 34 years, and both American and United Airlines announced big plans to buy back their own stock, a strategy designed to boost the value of remaining shares.
United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.
July 24- Delta Air Lines said on Thursday it plans to resume service to Ben Gurion International Airport in Tel Aviv two days after halting flights amid hostilities in the region. United Airlines earlier said that it was resuming flights to and from Tel Aviv.
The PHLX housing sector index fell 2.36 percent, with shares of D.R. Horton Inc, the No. 1 U.S. homebuilder, dropping more than 3 percent. D.R. Horton spooked investors on Thursday when it reported a 23- percent drop in third-quarter profit.
Delta Air fell$. 30 or. 8 percent, to $38.85. JetBlue Airways Corp. rose$. 02 or. 2 percent, to $11.30. Southwest Airlines Co. fell$. 01 or percent, to $28.86.
NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 23 or. 7 percent, to $33.74. Quanta Services Inc. fell$. 31 or. 9 percent, to $35.03.
TORONTO— Air Canada is resuming flights to Tel Aviv after a two-day halt prompted by security concerns over rocket attacks near Israel's main airport. The airline says Flight AC84 is leaving Toronto for Tel Aviv at 6:10 EST p.m.
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 16 or. 5 percent, to $33.81. Quanta Services Inc. fell$. 30 or. 8 percent, to $35.04.
Delta Air rose$. 08 or. 2 percent, to $39.23. JetBlue Airways Corp. rose$. 03 or. 2 percent, to $11.31. Southwest Airlines Co. fell$. 22 or. 8 percent, to $28.65.
DALLAS— Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago. Southwest Airlines Co. is in the midst of several big changes, including phasing out the AirTran Airways brand, starting international flights on Southwest, and expansion in Dallas and other key markets.