While lower oil prices contributed to a 21 percent slump in Occidental Petroleum's third-quarter profit, they have bolstered airline company earnings.» Read More
NEW YORK-- An analyst on Thursday cut his earnings estimates for JetBlue Airways Corp. because the price of fuel hasn't dropped as much as he expected after Labor Day. Sterne Agee analyst Jeffrey Kauffman cut his profit forecast for the New York airline's third quarter to 16 cents per share from a previous expectation of 22 cents per share.
Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.
Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt airline. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was cancelled last month.
Oct 3- Moody's affirms ratings of United Continental Holdings, upgrades rating on United Air Lines' second lien notes to B2.
Stocks posted modest gains in volatile trading Wednesday, lifted by a batch of better-than-expected economic reports, but ongoing worries over a global slowdown kept investors on edge.
Benchmark oil lost more than 3 percent Wednesday on more evidence of slower growth in China, the world's second-largest oil consumer behind the U.S. Airline stocks tend to trade inversely to the price of oil because fuel is one of the airlines' largest expenses. Shares of US Airways Group Inc. led the sector's gains Wednesday.
Take a look at some of Wednesday's midday movers:
Oct 3- Standard& Poor's Ratings Services said today that it has assigned its' A-' rating to Continental Airlines Inc.' s series 2012-2 Class A pass-through certificates with an expected maturity of Oct. 29, 2024, and its' BBB-' rating to Continental's series 2012-2 Class B pass-through certificates with an expected maturity of Oct. 29, 2020.
Oct 2- American Airlines pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.
Oct 2- American Airline pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.
The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.
--Delta Air Lines Inc. is issuing $1.7 billion of debt, consisting of a $1 billion B-1 term loan, $250 million B-2 term loan, and $450 million bank revolving credit. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services assigned its' B+' issue rating and' 2' recovery rating to Delta Air Lines Inc.' s.
Shares of Delta Air Lines Inc. and US Airways Group Inc. were the best performers in the group with gains of 3.4 percent and 2.5 percent. US Airways stock has more than doubled as investors bet on an eventual merger with American Airlines, which is currently under bankruptcy protection.
American Airlines is resisting the campaign by US Airways to merge, saying it can exit bankruptcy reorganization strong enough to compete with United and Delta.
In a speech at the National Press Club in Washington, D.C., US Airways CEO Doug Parker outlined why US Airways and American Airlines should merge.
From check-in to landing, Virgin America's first-class service was an experience to savor. I review my Los Angeles to Seattle flight in this installment of "Road Warrior Tested."
United Airlines and Boeing have struck a mammoth deal totaling $14.7 Billion. The deal was announced Thursday morning at United Airlines headquarters in Chicago.
Take a look at some of Thursday's midday movers:
Take a look at some of Thursday’s morning movers:
Delta Air Lines was named the top North American airline in a survey measuring online brand performance, with United and American following close behind in the second and third spots.