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Delta Air Lines is urging its union leaders to cede parts of a pilots' labour contract so it can move closer to merging with Northwest Airlines, the Wall Street Journal reported, citing sources who knew about the situation.
American Airlines, a unit of AMR,Tuesday again grounded planes and canceled hundreds of flights to conduct additional safety inspections of its MD-80 aircraft, the airline said.
Delta Air Lines pilots have been granted permits to picket at Northwest Airlines hub airports amid a dispute over seniority between the two airlines' unions that so far has held up a combination of the carriers, according to a memo Tuesday.
Stocks finished flat Monday as traders opted to pull over and let some of the earnings traffic pass before deciding what to do next.
Consumer complaints rose at 15 of the 16 airlines studied and overall soared 60 percent.
Delta Air Lines and Northwest Airlines have revived merger talks, according to a report in The Financial Times.
Stocks advanced Monday, helped by financials, after some encouraging news that suggests banks may be getting their act together.
.Three big financial stocks are the top volume movers this morning--Washington Mutual, UBS, and Citigroup. Washington Mutual up 16 percent pre-open on a Journal story that private equity firm TPG and others may invest $5 b in the company, which would provide it with much-needed capital.
Nearly a third of domestic flights failed to arrive on time in February, continuing a period of historically poor performance for an industry plagued with safety concerns and pinched by fuel costs.
ATA Airlines canceled all flights Thursday after filing for bankruptcy as it posted advisories at ticket counters in the handful of cities it still served and sought assistance for stranded passengers.
Pardus Capital Management, an activist hedge fund with over $2 billion in assets, said it suspended investor withdrawals in the face of slumping values of some of its investments.
Executives at Northwest Airlines have proposed that Northwest and Delta Air Lines go ahead with a planned merger, a source familiar with the talks said Friday.
Shares of Delta Air Lines have been losing altitude over the past month, but they got a lift Friday. What’s the trade?
Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.
American Airlines and Delta Air Lines canceled hundreds of flights Thursday as they pulled aircraft from service to comply with a government directive for maintenance checks.
AMR, parent of American Airlines, said it cancelled 300 flights Wednesday, up from the 200 it earlier said it expected to cancel.
Nike delivered great earnings after the bell Wednesday. Can FedEx join Nike and dodge the bullets of higher fuel costs and a weakening U.S. economy?
Delta Air Lines is looking to cut 2,000 jobs, or more than 3 percent of its work force, as the No. 3 U.S. airline struggles with high fuel costs. And UAL, the parent of United Airlines, said it will tackle fuel costs by making cuts to its fleet of aircraft.
Good reports from Lehman and Goldman, and housing starts are above expectations. Core PPI up 0.5 percent is higher than the 0.3 percent expected, but that is being pushed aside in favor of the more bullish housing starts data.
Delta Air Lines prepared to announce an overhaul of its operations Tuesday as a possible combination took a precarious turn after its pilots union declared that talks with its Northwest Airlines counterpart ended without a seniority deal.