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American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...
NEW YORK— NEW YORK— In a story Dec. 17 about travel to Cuba, The Associated Press reported erroneously the number of Americans who were authorized to travel to Cuba last year. US travel industry carefully eyeing Cuba tourism. NEW YORK— Cuba was once a haven for sun-seeking American tourists.
While the U.S. plans to restore diplomatic ties with the Caribbean island nation, globe-trotting tourists won't be able to hop on a plane to Havana anytime soon. Still, travel companies are salivating at the chance to set up shop in Cuba. Delta Air Lines, JetBlue Airways, Hilton Worldwide, Marriott International and the Carnival Corp. all expressed interest this...
If the Cuba embargo is lifted, former American Airlines CEO Bob Crandall sees frequent flights to the island by several carriers.
NEW YORK— Cuba was once a haven for sun-seeking American tourists. President Barack Obama's announcement Wednesday of plans to re-establish diplomatic ties with Cuba doesn't suddenly lift the ban on U.S. tourism. "Cuba is the largest country in the Caribbean, so there's some exciting possibilities," said Roger Frizzell, spokesman for Carnival Corp. He said "some...
Dec 15- American Airlines Chief Executive Doug Parker said airlines should stop sharing profits with employees and improve wages instead, despite persistent pressure from his own workers to link part of their pay to the company's performance. Competitors Delta Air Lines, United Airlines and Southwest Airlines still tout the millions of dollars they give to...
While you may not get a plane ticket or first-class seats, there are some alternative travel-related gifts that family and friends may like.
Nearly 1 in 6 Americans go hungry. Most at risk: children and the elderly. Companies are rushing to help during the holidays.
Delta Air Lines expects 2015 profit to rise significantly thanks to cheaper fuel prices.
Some of Thursday's midday movers:
Delta Air Lines Inc. said that its pretax income will jump to more than $5 billion in 2015, up from an estimated $4.5 billion this year and nearly double the 2013 gain. "2015 will be a fantastic year," CEO Richard Anderson said. Analysts at Barclays estimate that U.S. airlines will save $10 billion next year because of cheaper fuel.
Dec 11- Delta Air Lines said it expects fuel costs at current market prices to benefit 2015 profit by $1.7 billion.
1. Hawaiian Airlines, 89.7 percent. 2. Alaska Airlines, 87.2 percent. 7. US Airways, 83.3 percent.
Some of Wednesday's midday movers:
Delta will expand its flight class options in 2015, modifying the service provided and price paid at each level.
"We were surprised to hear Spirit indicate that it is seeing pricing pressure as a result of airlines trading off lower fuel costs for lower yields," said Joseph DeNardi, an analyst for Stifel, Nicolaus& Co.. Spirit now faces tougher competition in the Dallas area, one of its biggest markets, from new long-haul flights on Southwest Airlines. Raymond James downgraded...
Southwest Airlines appears to be one of the biggest winners of oil's slide.
Some of Friday's midday movers:
Yahoo has reported the most searched destinations on its website for 2014.
Some of Thursday's midday movers: