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.
Passengers flying some Southwest Airlines flights will have the option to watch live television programming on their Wi-Fi enabled devices.
Delta Air Lines announced plans to expand inflight Wi-Fi service to all of its international aircraft by 2015.
Delta joins the ranks of airlines testing the latest self-service automation likely to spread across airports worldwide — turnstile boarding gates.
WTI crude futures have fallen more than 27 percent since their February high, taking the market by surprise and rendering airline hedges — originally intended to ease the economic pain of higher fuel prices — largely ineffective.
The Transportation Security Administration's "PreCheck" expedited security screening program expanded to more airports and airlines this week.