Closures of 149 air traffic control towers, which was a visible sign of the 'sequester' budget cuts, has been postponed until June 15 by the FAA.
The FAA, which oversees the U.S. air traffic system, must trim roughly 10 percent of its budget by the end of the Sept. 30 fiscal year. The FAA said the decision would not compromise safety because those smaller airports only handle about one percent of commercial air traffic.
Delta Air fell$. 63 or 4.3 percent, to $14.12. JetBlue Airways Corp. fell$. 03 or. 5 percent, to $6.46. Southwest Airlines Co. fell$. 18 or 1.4 percent, to $12.62.
DALLAS-- Southwest Airlines Co. said Friday that a key revenue measure was flat in March, another sign that airlines are struggling to sell more high-fare tickets. Southwest, which owns AirTran Airways, said that traffic on the two carriers rose 4 percent last month compared with a year earlier, as passengers flew 9.44 billion miles.
Delta Air fell$. 69 or 4.7 percent, to $14.06. JetBlue Airways Corp. fell$. 10 or 1.5 percent, to $6.40. Southwest Airlines Co. fell$. 22 or 1.7 percent, to $12.58.
CARSON CITY, Nev.-- Drivers in the Reno- Carson City and Las Vegas areas are losing about $1,500 each year because Nevada's roadways are outdated and, in many cases, inadequately maintained, a report released Thursday revealed. Tick Segerblom, D- Las Vegas, told members of the Senate Committee on Revenue and Economic Development on Thursday.
OKLAHOMA CITY-- Divisions between the House and Senate about how to slash Oklahoma's top personal income tax rate became clear Thursday when a new plan emerged in the Senate that would delay a tax cut until 2015 and change five separate tax credits the state offers. Senate Finance Committee Chairman Sen.
*BOJ radical easing triggers Hong Kong outflows. HONG KONG, April 5- Hong Kong shares finished a holiday-shortened week at their lowest close since Nov. 28, as fears of a bird flu outbreak sparked a broad selloff, and further falls looked possible after the benchmark index broke below a key technical support.
*Airlines fall on Asia bird-flu concerns. Airlines stocks also put downward pressure on the market, hit by concerns the spread of bird flu in Asia could hurt air traffic. The fundamentals are not as supportive as they were this time last year, " Gerard Lane, equity strategist at Shore Capital, said.
HONG KONG, April 5- Hong Kong shares tumbled to a four-month low on Friday, led by airlines as fears of a bird flu outbreak sparked a broad selloff, with a benchmark index breaking below a key chart support, pointing at further losses ahead.
*HSI -2.1 pct, H-shares -2.5 pct, China shut. *China oil majors hit by slumping oil prices. HONG KONG, April 5- Hong Kong shares tumbled to a four-month low on Friday, with growth-sensitive sectors taking some of the bigger hits on rising worries a new strain of bird flu in China could hurt the local economy.
Delta Air rose$. 19 or 1.3 percent, to $14.75. JetBlue Airways Corp. rose$. 33 or 5.4 percent, to $6.49. Southwest Airlines Co. rose$. 26 or 2.1 percent, to $12.80.
WASHINGTON, April 4- The U.S. Transportation Department said on Thursday it is looking at ways to expand its vehicle safety ratings in response to rapidly changing technology, including the addition of ratings to help inform older drivers.
Delta Air rose$. 05 or. 3 percent, to $14.61. JetBlue Airways Corp. rose$. 13 or 2.1 percent, to $6.29. Southwest Airlines Co. rose$. 20 or 1.6 percent, to $12.74.
WASHINGTON, April 4- The president of the U.S. Export-Import Bank on Thursday defended his agency in face of attacks by conservative Republicans who want to close it and a new complaint by Delta Air Lines Inc that the bank's support for Boeing gives foreign airlines an unfair advantage.
JetBlue Airways Corp. rose$. 12 or 1.9 percent, to $6.28. Southwest Airlines Co. rose$. 13 or 1.0 percent, to $12.67. US Airways Group fell$. 08 or. 5 percent, to $15.45.
DETROIT-- Port officials will celebrate the arrival of a steel-hauling vessel from the United Kingdom as the first international ship to deliver cargo this year to Detroit. The bulk carrier Federal Mattawa arrived Wednesday and was unloading cargo at the Nicholson Terminal& Dock Co. in southwest Detroit.
CHICAGO-- Boeing Co. said Thursday that it delivered 137 commercial planes during the first quarter, the same as a year earlier, and it booked orders for 209 more planes. Boeing has been speeding deliveries of those planes. It's Boeing's smallest commercial plane and in the U.S. is generally used on domestic routes.
WASHINGTON, April 4- The president of the U.S. Export-Import Bank on Thursday defended his agency from conservative Republicans who want to close it down, as well as against a new complaint by Delta Air Lines Inc that the bank's support for Boeing gives foreign airlines an unfair advantage.