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  • Jan 27- American Airlines Group Inc on Tuesday forecast billions of dollars in savings this year from tumbling fuel costs, but said a key measure of revenue will likely decline this quarter, in part from currency headwinds that are pinching foreign travelers' pockets. While closing costly fuel hedges has prevented its peers from benefiting from the full price...

  • Midday Glance: Airlines companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Delta Air fell$. 62 or 1.2 percent, to $49.53. JetBlue Airways Corp. fell$. 08 or. 5 percent, to $16.32. Southwest Airlines Co. fell$. 16 or. 3 percent, to $46.24.

  • Senate bill calls for end to Seattle tunnel project Tuesday, 27 Jan 2015 | 1:17 PM ET

    SEATTLE— Two state senators say it's time to scrap the stalled Seattle tunnel project and bury Bertha, the broken-down $80 million state-of-the-art drilling machine, so the transportation department can find alternatives to fix or replace the viaduct that carries traffic along the city's waterfront. Curtis King, chairman of the Senate Transportation...

  • Add American Airlines to the list of carriers that want to take you to Cuba. Delta Air Lines, United Airlines and JetBlue Airways have expressed interest since President Barack Obama announced last month that the U.S. would establish diplomatic relations and expand trade and tourism with Cuba. Southwest Airlines CEO Gary Kelly said last week that his airline...

  • Berkshire's NetJets avoids $500M IRS tax claim Tuesday, 27 Jan 2015 | 12:06 PM ET
    A Netjets Inc. sign stands hear a new Embraer Phenom 300 jet at Eppley Airfield in Omaha, Nebraska.

    The private jet-sharing company has defeated an IRS lawsuit attempting to recoup more than $500 million of unpaid taxes and penalties.

  • Dubai Airport takes crown from Heathrow: CEO  Tuesday, 27 Jan 2015 | 11:40 AM ET

    Heathrow has been dethroned by Dubai International as the busiest international air hub. Paul Griffiths, CEO of Dubai Airports, says that "long term vision" is the key to Dubai's city growth and therefore its air traffic.

  • Jan 27- After a blizzard that blanketed the northeastern United States but proved less powerful in New York City than predicted, airlines, commuter rail, bus lines and subways resumed limited operations on Tuesday. LIRR service remains suspended on the Montauk Branch east of Babylon, Greenport to Ronkonkoma, Port Jefferson Branch east of Huntington and the...

  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • Self-driving cars set to cruise Germany's autobahn Tuesday, 27 Jan 2015 | 11:02 AM ET
    Germany to allow driverless cars on the autobahn.

    Prototypes of driverless cars are set to get the go-ahead on a stretch of Germany's busy A9 autobahn, NBC News reports.

  • Early Glance: Airlines companies Tuesday, 27 Jan 2015 | 10:25 AM ET

    Delta Air fell$. 84 or 1.7 percent, to $49.31. JetBlue Airways Corp. fell$. 11 or. 7 percent, to $16.29. Southwest Airlines Co. fell$. 79 or 1.7 percent, to $45.61.

  • 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.

  • FORT WORTH, Texas— American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger. Much of the new competition is coming from low-cost carriers who are adding flights from cities including Philadelphia, Chicago, Washington and Dallas, American executives said. American Airlines Group Inc....

  • 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...

  • Dubai's airport operator released figures Tuesday showing that 70.5 million passengers streamed through the sparkling halls of Dubai International last year. Dubai Airports CEO Paul Griffiths predicts Dubai International will handle a record 79 million passengers this year as it offers "more flights connecting more people to more destinations."

  • 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...

  • DUBAI, United Arab Emirates— Several airlines suspended flights to Baghdad on Tuesday after a passenger plane arriving from the Mideast's busiest airport in Dubai came under fire as it landed in the Iraqi capital. All passengers were able to disembark normally and none required medical attention at the airport, the Dubai government-owned carrier said.

  • *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...

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