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U.S. airlines have begun to withdraw a revenue-boosting fare increase initiated last week by Delta Air Lines, but it is too soon to say whether the bulk of the increase will last, a fare tracker said Monday.
Delta Air Lines, the No. 3 U.S. carrier, said Friday that it had raised roundtrip fares on domestic U.S. flights by $10 to offset rising operating costs.
Delta Air Lines' newly named chief executive, Richard Anderson, foresees further consolidation in the airline industry, but said Delta is not about to make a move to acquire Northwest Airlines.
Delta Air Lines named former Northwest Airlines Chief Executive Richard Anderson as its new leader on Tuesday.
Maverick airline Virgin America plans to begin selling tickets Thursday, giving travelers their first chance to book a trip on planes equipped to pamper passengers even when they aren't flying first class.
Delta Air Lines and Southwest Airlines, two of the largest U.S. air carriers, reported better-than-expected quarterly profits Wednesday, helped by broadly higher ticket prices and relatively strong demand.
A fare increase initiated last week by UAL Corp's United Airlines was matched by competitors over the weekend, marking the second successful fare increase in two weeks.
Leading discount carrier Southwest Airlines, facing rising costs and tougher competition, plans to trim its expansion through next year.
Stocks closed mostly higher, helped by lower bond yields and General Electric, which boosted the Dow. "This market bends a little bit but it doesn't break," Al Goldman, chief market strategist at A.G. Edwards., told CNBC.com. "The buyers are a little bit tired but the sellers are not very aggressive."
Northwest Airlines is hoping for the highest valuation in its history when it emerges from bankruptcy protection May 31. But there are signs that it may be a little rich for some investors.
Delta Air Lines and AMR's American Airlines said they raised air fares, testing pricing power a week after a similar effort failed. Continental is also said to have increased prices.
Crocs, Las Vegas Sands, Delta and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Earnings blowouts and FDA approvals were the catalysts behind some of Thursday's most actively traded stocks.
Delta Air Lines’ stock began trading on the New York Stock Exchange Thursday after the company emerged from bankruptcy earlier this week, ending a 19-month restructuring.
A Belated Return: The breaking news desk blog has returned after a longer than expected absence - upon my return to work yesterday after vacation, my computer somehow fried its innards, necessitating a complete overhaul. As I told my very understanding CNBC.com bosses, the dog really DID eat my homework!
Last night was the first time in his presidency that George W. Bush gave his State of the Union Speech to a Democratically controlled Congress. He laid out his domestic agenda with a renewed calls for action on energy independence, immigration reform and health care coverage. The last part of his speech dealt with the war in Iraq. So--how did it play with the Democrats and with members of his own party? Steny Hoyer (D-MD)...
Instant CEO: US Airways ups the ante in its bid for Delta Air Lines - with an improved bid that it says could be worth up to $15.4B. The news broke at 6:45am - "Squawk Box" anchor Joe Kernen reported the news - and voila, we had US Air CEO Douglas Parker on the air just 15 minutes later. How did we do it? Let’s just say we have very good connections, and that a motivated CEO can be put on the air quicker than you can say “golden parachute”.
A downdraft in foreign markets is tugging at U.S. stocks this morning, and for now Wall Street looks set to open lower. US Airways is making headlines with a new bid for Delta Airlines and the big themes from yesterday in technology and jittery emerging markets will again dominate. Focus also shifts to Washington as President Bush unveils his Iraq strategy tonight and the new Congress takes on minimum wage.
Good morning. Our quote of the day comes from the poet Horace: "As a rule, adversity reveals genius and prosperity hides it." We'll see just how prosperous the U.S. housing market is today--when the housing starts and building permit numbers come out around 8:30 a.m. ET. We'll have guests including President and CEO Ara Hovnanian of Hovnanian Enterprises..
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...