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  • Teekay Tankers beats Street 1Q forecasts Thursday, 14 May 2015 | 5:03 AM ET

    HAMILTON, Bermuda _ Teekay Tankers Ltd. on Thursday reported first-quarter earnings of $39 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Teekay Tankers shares have increased 17 percent since the beginning of the year.

  • Chinese airlines look inland for outbound opportunities Wednesday, 13 May 2015 | 11:19 PM ET

    By Fang Yan and Matthew Miller BEIJING, May 14- Chinese airlines are banking on the newly rich in China's inland provinces to drive the next phase of their global expansion, offering flights to destinations like San Jose and Nairobi from cities hundreds of miles from aviation hubs on the Chinese coast. Air China, China Eastern Airlines and China Southern...

  • May 13- United Continental Holdings Inc on Wednesday announced plans to lease up to 25 used aircraft from AerCap Holdings NV, one of the world's largest aircraft lessors, to reduce its dependence on smaller, 50- seat jets. The Chicago- based airline said it expects delivery of 11 used Airbus Group NV A319 aircraft over the next two years, with the right to add up to 14...

  • Southwest to buy more shares; details new Houston flights Wednesday, 13 May 2015 | 11:41 AM ET

    HOUSTON— Southwest Airlines Co. is raising its dividend, buying back more of its own stock, and announcing new international flights from Houston. At its annual meeting Wednesday, Southwest announced a new $1.5 billion share-buyback program and an increase in the quarterly dividend to 7.5 cents per share from 6 cents per share. Later Wednesday, Southwest...

  • ATLANTA— Regulators say there's a "high probability" a nuclear plant under construction in Georgia will be delayed even longer than the three years already announced by its owners, according to an analysis obtained by The Associated Press. Southern Co. subsidiary Georgia Power and its co-owners are building two more nuclear reactors at Plant Vogtle in...

  • Frontier Airlines CEO steps down citing personal reasons Wednesday, 13 May 2015 | 1:32 PM ET

    DALLAS— The CEO of Frontier Airlines resigned and was replaced by the carrier's chairman and president, who vowed to improve a record of frequent flight delays and customer complaints. Frontier, based in Denver, said that Chairman Bill Franke will manage strategy and finances and President Barry Biffle will handle daily operations. After Republic Airways...

  • May 13- Southwest Airlines Co's board of directors on Wednesday raised the company's quarterly dividend and authorized a new $1.5 billion share buyback program, according to a news release. Southwest estimated the new dividend payments will amount to $200 million annually, based on shares outstanding on May 11. Southwest returned almost $1.1 billion to...

  • COPENHAGEN, May 13- Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping business reported a jump in net profit to $714 million from $454 million, due largely to lower...

  • DUBAI, May 13- Dubai's Emirates airline could expand its route network by using European hubs to fly into North and South American cities, its president said, a move that could anger U.S. carriers which accuse it of competing unfairly through state subsidies. Emirates is considering plans to open new routes to U.S. cities from Dubai, as well as flying new routes from...

  • Magellan Aerospace posts 1Q profit Tuesday, 12 May 2015 | 8:13 PM ET

    Mississauga, Ontario _ Magellan Aerospace Corp. on Tuesday reported earnings of $15.2 million in its first quarter. Magellan Aerospace shares have risen 2 percent since the beginning of the year. Keywords: Magellan Aerospace, Earnings Report.

  • WASHINGTON, May 12- A federal judge has dismissed a lawsuit filed by Raytheon Co, freeing the U.S. Air Force to re-evaluate bids it got for a new long-range radar won by Raytheon but challenged by rivals Lockheed Martin Corp and Northrop Grumman Corp, Lockheed said in a statement. The decision marks a setback for Raytheon, which hopes to hold on to a contract that...

  • May 12- The pilots union at Southwest Airlines Co on Tuesday announced staffing and funding for a committee to prepare pilots and the flying public for a walkout, in case it cannot reach a contract deal with management in coming months. The new strike preparedness committee will work with outside consultants and others in the union, the Southwest Airlines...

  • US Airways likely to stop flying this fall Tuesday, 12 May 2015 | 2:03 PM ET

    FORT WORTH, Texas— After more than 75 years of flying, the end is near for US Airways. US Airways flights will slowly disappear and be replaced by American flights in a single reservations system. Even if all goes smoothly, vestiges of US Airways will remain.

  • PORTLAND, Ore.— An Oregon woman says United Airlines overreacted when it diverted a flight and removed her family from a plane after she and the crew had problems finding her autistic 15- year-old daughter something to eat. United, however, said flight crews did make special concessions for the girl but ultimately "made the best decision for the safety and comfort...

  • May 12- Air Canada, the country's largest airline by revenue, reported a better-than-expected adjusted profit in the first quarter as fuel costs fell, and said cost per mile for the full year would be lower than it had forecast earlier. On an adjusted basis, Air Canada reported a net income of 41 Canadian cents per share for the quarter ended March 31, far above the 18...

  • WASHINGTON, May 11- Complaints among U.S. air travelers soared more than 55 percent in March from a year earlier, mainly due to flight problems, a federal government report said on Monday. The 53- page report by the U.S. Transportation Department recorded 1,733 complaints about U.S. and airlines, travel agents and tour operators for the month, which reflects the...

  • The U.S. Department of Transportation said Monday that it received more complaints from consumers in March than it did in either the previous month or March of 2014.. Passengers on Frontier Airlines were 34 times more likely to complain than passengers on Southwest Airlines, which has the lowest complaint rate. Spirit Airlines had the second-worst rate.

  • 1. Hawaiian Airlines, 87.3 percent. 2. Alaska Airlines, 85.6 percent. 10. American Airlines, 75.4 percent.

  • PHILADELPHIA— Authorities say workers in Philadelphia unloading cocoa beans from a freighter from West Africa have found the body of a presumed stowaway in the cargo hold. Emergency crews were called to Pier 84 on the Delaware River just after noon Monday. Stephen Sapp of U.S Customs and Border Protection says the victim wasn't a crew member.

  • FORT WORTH, Texas— American Airlines says international traffic and a key revenue figure are down and fuel is costing more than it expected. American said that with the recent uptick in crude prices, it now expects to pay $1.94 to $1.99 per gallon for fuel in the second quarter, about 10 cents more than it predicted last month. Shares of Fort Worth, Texas- based...