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Delta Air Lines Chief Executive Richard Anderson told employees that a merger may be in their best interest.
Airlines are having their best day in years today as the Wall Street Journal is reporting that Delta's management is asking the board of directors to give the go-ahead for merger discussion with Northwest and UAL, and eventually choose between the two.
JetBlue isn't the only airline inspiring investors: Ric Dillon, chief investment officer at Diamond Hill Investment Group, runs the Morningstar five-star-rated Long-Short Fund; he recommended overlooked airline stocks.
Cramer makes the call on viewers' favorite stocks.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.
Goldman Sachs (GS) is making a major shift in its analyst coverage, upgrading or downgrading 17 sectors on the fear of a softening economy. Could Goldman’s move be a bellwether of things to come? Or is it already late to the party?
Shares of US Airways Group led major U.S. airline stocks lower on Thursday, as the sector matched a steep decline in the broader market.
US Airways Group on Thursday reported a third-quarter profit compared with a year-earlier loss, topping expectations on strong demand and higher fares.
US Airways Group said on Friday that it expects costs per available seat mile, or unit costs, to rise faster than earlier expected as its reins in capacity.
US Airways Group said on Wednesday it will cut flights from its unprofitable Pittsburgh hub, a move that will cut about 450 airlines jobs in the city.
The Department of Transportation also proposed four new daily flights to China to begin in 2009. These flights would be operated by AMR's American Airlines, Continental Airlines, Northwest Airlines, and US Airways.
AMR shares fell over 14 percent Monday, its biggest one-day loss in more than four years, after the parent of American Airlines issued a disappointing revenue forecast, stoking concerns of slowing demand and rising costs.
Following are the days biggest winners and losers. Find out why shares of EMC Corp. (EMC), Toll Brothers (TOL) and US Airways (LCC) popped while Washington Mutual (WM) and Tween Brands (TWB) dropped.
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.
U.S. Airways said Thursday its second-quarter profit fell 14% on higher maintenance and other expenses, but results topped Wall Street's expectations and the carrier began recalling furloughed flight attendants and pilots.
Quarterly earnings reports and corporate alliances were some of the catalysts behind the most actively traded stocks on Tuesday.
US Airways said in a regulatory filing that it has cut its capacity by 2% for the year's second half.
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."
Airbus unveiled over $40 billion of orders or pledges on Monday, with a third of the business going to its A350 XWB program, giving it a much-needed lift in its battle against Boeing.
Day one of the Paris air show at Le Bourget had to belong to Airbus. After such a disappointing few years the European plane maker needed to make a big splash on home turf to prove that its recovery is firmly on track.