Japan Airlines may have to pay about $1.1 billion to settle derivatives transactions, a newspaper said, but the struggling carrier said it did not expect to face such a charge.

The problem with the FAA system that caused widespread flight cancellations and delays nationwide Thursday morning has been resolved, lessening expected delays.

Americans will travel 1.4 percent more this Thanksgiving holiday weekend compared to last year as consumer sentiment improves after the global economic crisis, travel and auto group AAA said Wednesday.

Japan Airlines' stock slid to a new low on Wednesday after the nation's transport minister declined to rule out a court-led bankruptcy and despite a report that private equity firm TPG may invest as much as $1.1 billion.

Steve Bierfeldt had a little tin box, packed in plain view in his carry-on bag, when he went through airport security in St. Louis last March. He often carried the little box, he later told me. But this time, the box would become a big deal.

The still financially troubled airline industry is experimenting with selling more products and services to fliers, the New York Times reports.

EADS unveiled a 77 percent drop in third-quarter core earnings on Monday, as it battled a downturn in civil aviation and damaging delays to its A400M programme.

Middle East tension is driving demand for military hardware at the Dubai Air Show which opened on Sunday, but recession means fewer orders for civilian jets.

The proposed merger between British Airways and Iberia would be bad for consumers as the flag-carrying airlines would raise ticket prices on their competing routes, Michael O'Leary, CEO of discount Irish carrier Ryanair, told CNBC Friday.

Japan Airlines, which is seeking a state bailout, said it sank into the red in the first-half year as the global economic slowdown hit travel and cargo demand and refrained from issuing annual forecasts.

A merger between British Airways and Spain's Iberia looked imminent on Thursday as their boards held separate meetings to discuss a deal to create the world's third-largest airline by revenue.

British Airways swung to a first-half pretax loss of 292 million pounds, as business class passenger numbers continued to tumble, dashing hopes air traffic demand was recovering from the slump caused by the downturn.

People scared of flying can now press a button on their iPhone to help them deal with their panic.

Struggling US Airways said on Wednesday it will cut some 1,000 jobs next year, shift nearly all of its flying to its three hubs and Washington, and suspend several international routes.

American Airlines parent AMR will eliminate up to 700 jobs as it downsizes its maintenance and engineering operations, the company said Wednesday in a letter to employees.