A U.S. Supreme Court justice denied a last-ditch effort to stop the merger of American Airlines and US Airways.» Read More
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.
Boeing and Airbus are among the many companies competing for bragging rights at the Paris International Air Show in the coming week.
American travelers have several forces working against them this summer: gasoline prices and airfares are edging higher, while vacationing overseas will be a lot more expensive given the sagging dollar. While those factors may keep some folks closer to home, some analysts say a beleaguered greenback may actually help profits at some lodging and leisure companies this season
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.
President George W. Bush’s proposal to cut commercial airline taxes by $1.68 billion each year has sparked fierce debate in Washington. Aviation experts joined “Street Signs” to argue each side of the issue.
Last weeks' $5 increase on domestic air fares eroded further along with the ability of major airlines to pass their high fuel expenses to passengers during the peak summer travel season.
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.
U.S. airlines rolled back much of their recent systemwide fare increases in a sign that carriers are losing pricing power amid softening demand.
Michael Boyd, president of The Boyd Group, told CNBC’s “Squawk Box” that Delta Air Lines will be a “viable carrier” as it emerges from bankruptcy. The company emerged from bankruptcy Monday after a 19-month reorganization. It rejected a hostile takeover by US Airways Group. On Thursday, Delta’s stock will trade under its old symbol, DAL, on the New York Stock Exchange.