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  • DUBLIN, Jan 27- Irish Transport Minister Paschal Donohoe said on Tuesday the government would engage with British Airways owner IAG in the coming days on the terms of its proposed new offer for Aer Lingus. Aer Lingus's AERL.I board has recommended an improved 1.36 billion-euro takeover offer from International Consolidated Airlines Group ICAG.L, the Irish...

  • Jan 27- American Airlines Group Inc on Tuesday reported a fourth-quarter profit that topped estimates and announced a new share buyback program and quarterly dividend, as the carrier saved hundreds of millions of dollars from tumbling oil prices. American, the world's largest airline by passenger traffic since its 2013 merger with US Airways, said it earned...

  • Jan 27- American Airlines Group Inc said on Tuesday that its profit was $597 million last quarter, topping analysts' estimates, and announced a new share buyback program and dividend. The Fort Worth- based carrier earned $1.1 billion, or $1.52 per diluted share, excluding $507 million in special costs largely from merger and bankruptcy-related expenses.

  • SYDNEY/ SINGAPORE, Jan 27- Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins. Australia's Qantas Airways Ltd became the latest airline to eliminate the surcharge on Tuesday, but at the same time said it was...

  • LONDON, Jan 27- Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared evacuation plans for an unnamed oil company if the situation deteriorated further, adding that attacks on...

  • Heathrow hosted 68.1 million international passengers in 2014, up 1.2 percent, a Heathrow spokeswoman said. A commission is due to make final proposals by this summer, choosing between three options: a third runway at Heathrow, an extension to an existing Heathrow runway, or a second runway at Gatwick Airport. But lack of capacity at Heathrow means we have...

  • *IAG would operate Aer Lingus as separate brand. DUBLIN, Jan 27- The board of Irish airline Aer Lingus has recommended an improved 1.36- billion-euro takeover offer from the owner of British Airways which now must sooth government concerns to win shareholder approval. Aer Lingus said its recommendation is subject to being satisfied with how IAG proposes to...

  • Aer Lingus recommends $1.5 bln offer from BA-owner IAG Tuesday, 27 Jan 2015 | 2:13 AM ET

    DUBLIN, Jan 27- Aer Lingus's board has recommended an improved 1.36 billion-euro takeover offer from International Consolidated Airlines Group, the Irish airline said on Tuesday. The new proposal by the owner of British Airways, its third in six weeks, is worth 2.55 euros per share, up from a previous 2.40 euros, and includes a cash offer of 2.50 per euros share and a...

  • Northeast, affecting up to 20 percent of Americans by making workers and students housebound, halting thousands of flights and prompting New York to ban cars from roads and halt subway trains. With memories still fresh of Sandy, a superstorm that ravaged the East Coast in 2012, the governors of six East Coast states declared emergencies, and the snow blast...

  • Qantas hikes base ticket prices even as oil slumps Monday, 26 Jan 2015 | 10:21 PM ET

    Qantas Airways will raise base ticket prices to offset drop of fuel surcharges, a move against calls for the airline industry to lower fares.

  • SYDNEY, Jan 27- Qantas Airways Ltd said it would be raising base ticket prices to compensate for the axing of a separate fuel surcharge, pushing back against calls for the airline industry to lower fares in the wake of falling oil prices. Oil is now 60 percent cheaper than it was at its June peak, fuelling an anticipated near $5 billion increase in global industry...

  • SYDNEY, Jan 27- Qantas Airways Ltd said on Tuesday it is restructuring its international tariffs to absorb fuel surcharges into base fares, adding that lower oil prices put airlines in a better position to invest in new aircraft, lounges and routes. Qantas was prompted into the change by arch rival Virgin Australia Holdings Ltd, which removed its last remaining...

  • Uber caps NYC pricing as blizzard barrels down Monday, 26 Jan 2015 | 3:01 PM ET
    Uber to set price caps as demand gets higher during the winter storm tonight.

    Uber will set a price cap in New York City amid the blizzard.

  • Lower coal revs hit Norfolk Southern profit Monday, 26 Jan 2015 | 1:24 PM ET
    A file photo of a Norfolk Southern freight train.

    Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.

  • Jan 26- American Airlines Group has canceled all late afternoon and evening flights scheduled for Monday from the New York area, Philadelphia and Boston as a major winter storm bears down on the northeast, spokeswoman Andrea Huguely said. The cancellations affect flights of American Airlines, US Airways and all regional partners, Huguely said in an email.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices. Norfolk Southern's fourth-quarter profit was hurt by a 15 percent drop in coal revenue. The Norfolk, Virginia- based company said gains in its intermodal, or...

  • Turkish Airlines and Airbus declined to comment. A senior executive at the airline said last week it was considering expanding its fleet and was studying a list of Airbus and Boeing models including the A380. Fast-growing Turkish Airlines has long been on Airbus's target list as a potential customer for the aircraft.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday reported slightly lower fourth-quarter profit due partly to a 15 percent drop in coal revenue. Norfolk Southern said the drop in coal was caused by a weak global export market and fewer shipments of coal to utilities, which resulted in a decrease in freight volumes of 6 percent.

  • Aer Lingus bid: Hot topic for Ireland   Monday, 26 Jan 2015 | 4:45 AM ET
    Aer Lingus bid: Hot topic for Ireland

    AER Lingus is reviewing a third bid from IAG, worth 1.3 billion euros. CNBC's Catherine Boyle reports on the latest.

  • KUALA LUMPUR, Jan 26- A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines, but the airline said its data servers remained intact and passenger bookings were not affected. "Malaysia Airlines assures customers and clients that its website was not hacked and this temporary glitch...

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