U.S. stocks closed lower on Wednesday as investors weighed softness in economic data ahead of Friday's important jobs report.» Read More
A batch of discouraging economic news deepened investors' concerns about corporate earnings, pulling major U.S. stock indexes down on Wednesday for the second day in a row. Oil prices surged above $50 a barrel on signs that U.S. production growth is slowing. "The data show we definitely hit a bit of a slowdown in the first quarter, and now investors are getting...
"They touched down 1,100 feet short of the runway, so I'd say they're pretty lucky," Mike Cunningham, an official with the Transportation Safety Board of Canada, told a news conference. Air Canada said the Airbus A320 flying from Toronto was carrying 133 passengers and five crew members. "We at Air Canada are greatly relieved that no one was critically injured.
Analyst Hunter Keay expects an uptick in airline buybacks this year, funded by an inflow of money from cheaper oil.
"We at Air Canada are greatly relieved that no one was critically injured. Yet we fully appreciate this has been a very unsettling experience, " Air Canada Chief Operating Officer Klaus Goersch said in a statement. Air Canada said the Airbus A320 flying from Toronto was carrying 133 passengers and five crew members.
Experts are examining the "black box" recorder found at the scene of the crash of the Germanwings Airbus plane to try to ascertain what happened.
The airline industry is increasingly looking like an oligopoly. For proof, look no further than airline ticket prices. New York Times reports.
Company CFOs are in "panic mode," according to the head of a firm that helps companies manage currency risk. Here's how to trade it.
Take Elizabeth Schirmer, whose destination wedding in Mexico got upended by bad weather in late February in Rochester, New York. After she returned home, Schirmer, 30, received a generic apology email from Delta Air Lines and an invitation to comment about her experience. Some 70,757 flights with at least one stop in the United States got canceled between Dec. 21...
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Alcoa Inc. fell 3.5 percent to $12.81 with 21,018,100 shares traded. Bank of America Corp. fell 1.9 percent to $15.68 with 61,513,800 shares traded.
No international trade rules or precedent by the United States exists for addressing airline subsidy claims, presenting a challenge for the administration as it determines how to proceed, a person familiar with the matter said. These issues do not fall under World Trade Organization rules but rather under bilateral "Open Skies" agreements that authorize...
Just 7 years ago, concussion talk was taboo in NFL locker rooms. But now, the NFL is getting real about it, says former NFL star Jack Brewer.
American Express will team up with seven companies to launch a loyalty program this spring, The Wall Street Journal reported.
The airline's president rebuffed complaints by some U.S. rivals that the carrier had an unfair competitive advantage.
WASHINGTON, March 17- Top executives of U.S. airlines and their Middle East competitors clashed in Washington on Tuesday over whether "open skies" deals are fair, and each side ramped up efforts to sway U.S. regulators at a high-profile forum. A coalition of Delta Air Lines Inc, United Continental Holdings Inc, American Airlines Group Inc and their labor unions...
American Airlines benefits more than most airlines from the oil price drop because it's not locked into higher fuel costs, CEO Doug Parker tells CNBC.
Some of the names on the move ahead of the open.
Three U.S. airlines have accused their competitors from the Gulf of receiving more than $40 billion in government subsidies, and have called on the White House to address the claims in talks on "Open Skies" with Qatar and the United Arab Emirates. Emirates Airline, Qatar Airways and Etihad Airways have denied the allegations, saying U.S. airlines have lost market...
Dubai- based Emirates Airline will present its response this week in Washington to a dossier compiled by a group of U.S. airlines alleging that Emirates, Etihad Airways and Qatar Airways had received more than $40 billion in state subsidies, giving them an unfair advantage. Delta Air Lines Inc, United and American Airlines have asked the White House to look into...
11 stocks in the S&P are being punished in the stock market, despite great upside and expected earnings growth. USA TODAY reports.
Scott Jordan wants to save the in-flight catalog SkyMall, but right now the airlines are not returning his calls, he told CNBC on Monday.