Malaysia Airlines Flight MH17 and airlines halting flights into Tel Aviv are stirring up controversy over who should decide where it's safe to fly.» Read More
Delta Air fell $1.08 or 2.8 percent, to $38.07. JetBlue Airways Corp. fell$. 22 or 2.0 percent, to $11.06. United Continental Holdings Inc. fell $1.08 or 2.3 percent, to $44.92.
American Airlines announced Thursday that it would pay its first dividend in 34 years, and both American and United Airlines announced big plans to buy back their own stock, a strategy designed to boost the value of remaining shares.
United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.
July 24- Delta Air Lines said on Thursday it plans to resume service to Ben Gurion International Airport in Tel Aviv two days after halting flights amid hostilities in the region. United Airlines earlier said that it was resuming flights to and from Tel Aviv.
Delta Air fell$. 30 or. 8 percent, to $38.85. JetBlue Airways Corp. rose$. 02 or. 2 percent, to $11.30. Southwest Airlines Co. fell$. 01 or percent, to $28.86.
United Continental Holdings jumped 3 percent. United Airlines profit in the second quarter topped expectations and marked a turnaround from the first quarter, when it was the only major U.S. carrier to report a loss. The Labor Department said weekly applications for unemployment aid dropped to their lowest reading since February 2006.
Delta Air rose$. 08 or. 2 percent, to $39.23. JetBlue Airways Corp. rose$. 03 or. 2 percent, to $11.31. Southwest Airlines Co. fell$. 22 or. 8 percent, to $28.65.
*$1 billion repurchase to be completed within three years. *Adjusted profit of $2.34 a share compares with $2.19 estimate. July 24- United Continental Holdings Inc reported a stronger-than-expected second-quarter profit aided by higher prices and said it plans to buy back $1 billion of stock, sending its shares up nearly 4 percent.
The FAA's ban, imposed out of concern for the risk of planes being hit by Hamas rockets, became a hot button topic in both U.S.-Israeli diplomacy and Washington politics. Chicago- based United Airlines is set to resume service to Tel Aviv with a 4:45 p.m. eastern flight from Newark, New Jersey.
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CHICAGO— United Airlines is making money after a slow start to the year. The airline's net income in the second quarter hit $789 million, topping Wall Street expectations and marking a turnaround from the first quarter when United was the only major U.S. carrier to report a loss.
WASHINGTON— The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel.
US aviation authorities on Wednesday extended a ban on US airlines flying to Israel's Ben Gurion International Airport for another 24 hours.
*Adjusted profit $1.04 a share vs estimate of $1.03. July 23- Delta Air Lines reported a higher-than-expected second-quarter profit as it flew fuller planes and enjoyed higher passenger revenue in the United States, boosting its shares by 3 percent.
Delta Air rose$. 53 or 1.4 percent, to $37.68. JetBlue Airways Corp. rose$. 07 or. 7 percent, to $10.78. Southwest Airlines Co. rose$. 39 or 1.4 percent, to $28.05.
*American cancels flight from Philadelphia to Tel Aviv. July 22- U.S. air carriers Delta Air Lines, American Airlines Group and United Airlines on Tuesday halted flights to Israel under directions from the U.S. Federal Aviation Administration to ensure passenger safety as turmoil in the region has intensified.
Delta Air rose$. 52 or 1.4 percent, to $37.67. JetBlue Airways Corp. rose$. 07 or. 7 percent, to $10.78. Southwest Airlines Co. rose$. 29 or 1.0 percent, to $27.95.
The flight stoppages came after Hamas, the militant group that dominates in the Gaza Strip, and its allies fired more rockets into Israel, triggering sirens in Tel Aviv. Meanwhile, Casey Norton, a spokesman for American Airlines, said an inbound and outbound flight operated by its US Airways unit between Philadelphia and Tel Aviv were canceled.
NEWARK, N.J.— Federal officials say United Airlines repeatedly put workers at Newark Liberty International Airport in danger of being injured by falls or by falling objects and other workplace hazards. OSHA said some of the citations are for repeat violations that were first cited in 2011..