Some of Tuesday's midday movers:» Read More
DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
TORONTO, Oct 24- Canada's Competition Bureau said on Wednesday it had reached an agreement with Air Canada and United Continental Holdings that prohibits them from coordinating on 14 transborder routes but clears the way for a joint venture that excludes those routes.
The president of US Airways says Southwest Airlines Co. is changing how it thinks about prices. He says Southwest is targeting fare increases and sales, which can be "a little hard to understand" for most people but seems smart to airline insiders.
DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.
CHICAGO-- United Continental Holdings Inc., the parent of United Airlines, reports third-quarter results on Thursday after a tough spring and summer spent trying to absorb Continental Airlines. When Southwest Airlines reported results last week, it said it needed sales to lure business travelers in September, but that things picked up in October.
SOFT SEPTEMBER: All the big airlines reported traffic declines in September, and Southwest said pricing was soft that month. STILL PROFITABLE: Southwest Airlines Co. still posted a $16 million profit for the quarter. WHAT'S NEXT: Delta Air Lines and US Airways report results on Wednesday, and United Continental is on Thursday.
Here is a summary of earnings reports from AMR Corp., parent of American Airlines, and Southwest Airlines Co.. Southwest Airlines posted a profit of 2 cents per share, compared with a loss of 18 cents a year earlier. CEO Gary Kelly told CNBC that Southwest saw some "softness" in business travel and that demand weakened in September.
Southwest Airlines eked out a small third-quarter profit in spite of a September slowdown, the company said on Thursday. Southwest has been using a mix of fare increases and sales to try to get its prices to a level that travelers will pay.
LISLE, Ill.-- Heavy truck and engine company Navistar International Corp. said Wednesday that it named John Pope to its board. Pope's appointment and Harrison's retirement are effective immediately, keeping the total number of Navistar board members at 10, Navistar said.
DALLAS-- Traffic and average prices both weakened in September, but analysts believe Southwest Airlines still made money in the third quarter. Southwest, which carries the most passengers within the U.S. of any airline, is scheduled to report financial results on Thursday.
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CHICAGO-- Electronic health records company Allscripts Health Solutions Inc. on Monday said Richard Poulton will soon be its new chief financial officer. Poulton most recently worked as the treasurer and CFO of defense contractor AAR Corp. He previously held executive positions at UAL Corp., the parent of United Airlines.
DALLAS-- Southwest Airlines is making a 180- degree turn and raising fares on many routes by up to $10 per round trip. But on Friday, Southwest raised fares $2 each way for trips under 501 miles, $3 each way for 501 to 1,000 miles, and $5 each way for longer trips.
United Airlines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta Air Lines, which had matched the price hike that United started on Tuesday night, dropped prices back earlier Thursday.
Delta Air Lines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta had raised prices to match an increase started by United Airlines. J.P. Morgan analyst Jamie Baker says the increase is unraveling because it gained only limited support from a few other carriers _ American, Alaska and US Airways.
DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."
Oct 11- Buckeye Partners LP rejected allegations by four major U.S. airlines that it was overcharging to transport jet fuel to New York City area airports and requested that the Federal Energy Regulatory Commission dismiss the complaint.
Oct 11- Buckeye Partners LP:. *Files answer to airlines' complaint. *Complaint was filed by Delta Air Lines JetBlue Airways united/continental air lines, and US Airways.
HOUSTON-- An airline passenger who says she's a law school student from Mexico has been arrested in a Texas heroin smuggling case. Federal prosecutors in Houston on Tuesday announced the arrest of 21- year-old Yessica Chanel Cabanillas-Torres, who remains in custody pending a detention hearing.