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A federal bankruptcy judge approved a Delta Air Lines plan to exit bankruptcy after the nation's third-largest airline spent nearly 20 months in a wrenching reorganization that cut 6,000 jobs and slashed $3 billion in costs.
Bankrupt Delta Air Lines, which expects to exit Chapter 11 within days, posted a narrower first-quarter loss on higher fares and lower costs.
Hey everyone, here are the day's trivia questions for the contest. The video question is worth $2,000 Bonus Bucks: Shareholders of Firstgroup will meet today to close a 1.8B pound takeover deal of what major U.S. services company? Your selection of answers is: Laidlaw or Southwest Airlines or National Express Group or Mac-Gray Corp. The news question is worth $1,000 Bonus Bucks: Google reported that it's quaterly net profit rose how much? Your selection of answers is: 73% or 20%or 69% or 45%.
Southwest CEO Gary Kelly played down recent speculation that the airline is a leveraged buyout candidate. “I don’t think it makes any sense to leverage $9 billion of additional debt on an airline like Southwest," Kelly said on CNBC's "Squawk Box."
Continental Airlines and Southwest Airlines posted net profits on Thursday as higher fares underpinned an industry recovery in the seasonally weak and unusually stormy first quarter.
Carrier service is steadily getting much worse, according to the annual Airline Quality Rating Report released Monday. But the solution remains up for debate; so industry analyst Terry Trippler and consumer advocate Kate Hanni took up the issue, on "Morning Call."
Airline hassles are on the rise: More passengers found themselves bumped, their flights delayed or their bags lost last year than in 2005, a study found. The annual review, does not include recent weather-related flight delays.
Some in the U.S. Congress are discussing a so-called Passenger "Bill of Rights," which would legally bind airlines when their craft are delayed. Is this a good idea? Or merely an example of unnecessary and potentially stifling regulation? Read what some viewers had to say.
Congress wants to mandate compensation for airline passengers who suffer delays. JetBlue's CEO says it would be heavy-handed and not meet the needs of customers, while one airline industry analysts says Congress doesn't have a clue because the government-run air traffic control system routinely causes lengthy delays.
History shows that outraged citizens tend to drive reforms -- fast. It's no different with publicly traded companies -- like JetBlue Airways. David Neeleman, CEO of the beleaguered carrier, returned to CNBC to explain how his "Bill of Rights" may prevent last week's nightmare from recurring.
Southwest Airlines, the leading U.S. budget carrier, said today it raised fares by up to $10 one way on routes affecting 68% of its passengers.
A not so shameless plug here as we'd like to toot our own horn--as we honor others. Last night, CNBC held it's third annual Executive Leadership Awards dinner--to recognize business leaders who make a difference. The event was at the Pierre Hotel in New York City--and CNBC's Melissa Lee covered it for "Squawk Box."
AMR, parent of the largest U.S. carrier American Airlines, and Southwest Airlines, the leading discount carrier, posted fourth quarter profits, helped by higher ticket prices and fuller planes.
Discount carrier Southwest Airlines reported a fourth quarter profit in line with the consensus estimate.
Stocks in the U.S. are seeking direction and are looking mostly higher in mixed action ahead of the open. Earnings news from big names like Intel and J.P. Morgan are making headlines, and the markets are watching for PPI inflation data this morning and the Fed's Beige Book at 2 pm. Oil slumped below $51 a barrel this morning after a deep slide yesterday.
Airline shares vaulted higher, as investors entered a new year expecting cheaper fuel and higher fares.
In our Big Money '07 series we're looking to energize your portfolio-- literally-- as we look at the best ways for investors to make money in the energy sector. On "Morning Call" two guests give their stock "picks." Fadel Gheit is Senior Energy Analyst with Oppenheimer & Company and Bob Morris is oil and gas analyst with Bank of American Securities.
The resurgent airline industry is poised for its first profitable year since before the 2001 terrorist attacks, and analysts are expecting even healthier earnings next year.
A flurry of consolidation talk has fueled airline stocks the last few weeks. But what's it all mean for the airlines as we head into 2007? On "Morning Call" Roger King--airline analyst at Credit Sights and Ray Neidl of Calyon Securities gave their take--and gave their favorite stock recommendations.
Alex Vallecillo is co-manager of the Allegiant Mid Cap Value Fund and on "Morning Call" he gave his picks for our "Hidden Gems" segment (he's a five-star fund manager). Vallecillo listed these stocks as his picks and the reasons why he likes them (two of them are exclusives for cnbc.com readers).