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  • July 26- WestJet Airlines Ltd's quarterly profit slumped 40.5 percent and the carrier said Tuesday that costs would rise this year due to the timing of maintenance expenses on its widebody aircraft and extra charges incurred on a new London route. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "...

  • NEW YORK— Shares of JetBlue Airways Corp. rose Tuesday after the airline reported second-quarter earnings above Wall Street expectations. JetBlue also said it was ordering more planes to expand its Mint premium service and could add flights to Europe by the end of the decade. If JetBlue goes ahead with flights to Europe, it would compete against major U.S. and...

  • LONDON— Two Canadian airline pilots charged with being drunk as they prepared to fly a passenger jet on a trans-Atlantic route have been bailed on condition they surrender their passports. Jean-Francois Perreault, who is 39, and 37- year-old Imran Zafar Syed were arrested at Glasgow Airport on July 18, shortly before they were due to fly an Air Transat jet to...

  • However, the airline warned of a rise in costs this year due to "irregular operations" on the London route and the timing of maintenance expenses for aircraft on the route. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "teething issues" on WestJet's new London flights. Firming demand and revenue...

  • July 26- JetBlue Airways Corp's quarterly profit beat Wall Street estimates as the U.S. budget airline continued to benefit from lower fuel costs, and the company said it expects capacity to increase in the current quarter. "provides ability to start flights to Europe from other East Coast- focus cities, should we choose to do so," Chief Executive Robin Hayes said on...

  • WASHINGTON— Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market. The Commerce Department said Tuesday that new-home sales rose 3.5 percent last month to a seasonally adjusted rate of 592,000, the best level since February 2008.

  • RIO DE JANEIRO, July 26- Brazilian interim President Michel Temer vetoed a provision of a bill allowing foreign investors to own up to 100 percent of Brazilian-flag airlines, according to a note published in Brazil's official government newspaper on Tuesday. The veto only affects one part of a package of aviation industry regulations aimed at boosting the...

  • July 26- Canada's WestJet Airlines Ltd reported higher-than-expected quarterly revenue and profit as its passenger traffic rose and fuel costs fell. The Calgary- based carrier has shifted its focus to eastern Canada and suspended nearly a dozen daily flights from Alberta, which has been hit by a slump in oil prices. WestJet's net earnings slumped 40.5 percent...

  • HOUSTON, July 25- A Chinese container ship hit a wall of the new lane of the Panama Canal, a Canal Authority official and a local ship agent said on Monday, the third such incident since the expanded waterway opened one month ago amid design concerns. The Panama Canal Authority said its operations team was investigating the latest incident. The Panama Canal...

  • SANTIAGO, Chile— Latin America's largest airline has agreed to some $22 million in civil and criminal fines in connection with a scheme to pay bribes to end a labor strike in Argentina a decade ago, U.S. authorities said Monday. Chile- based carrier LATAM will pay $12.75 million to the U.S. Justice Department and $9.4 million including interest to the U.S....

  • WASHINGTON, July 25- The United States and Mexico agreed to put into force a new air transportation agreement that is expected to boost travel and clear the way for any city to have direct airline service to the neighboring nation, the U.S. Transportation Department said on Monday. The agreement will allow "increased market access for passenger and cargo...

  • DALLAS— Southwest passengers endured a third straight day of canceled and delayed flights as the airline struggled to resume normal operations on Friday. Tracking service FlightStats Inc. reported that by mid-afternoon about 300 Southwest flights had been canceled and 1,200 more delayed. Southwest canceled nearly 1,500 flights and 4,500 others were...

  • *Cuts 2016 sales view to $40- $40.6 bln from $40.3- $40.9 bln. *To "stay conservative" with Europe investments post Brexit. The company also said Britain's vote to leave the United Kingdom could weigh on economic growth in both regions long term and that it would "stay conservative" in terms of investments in the region that accounted for 22 percent of its 2015 sales.

  • *2nd- qtr profit $1.77/ shr vs est. July 22- American Airlines Group Inc reported a better-than-expected quarterly profit as fuel costs fell and the world's largest airline said it would defer taking delivery of 22 Airbus planes to be able to adjust capacity according to demand. American said it expected revenue per available seat mile to fall 3.5-5.5 percent in...

  • The company's shares dropped more than 2.4 percent to $115.80 in premarket trading on Friday. Honeywell lowered it 2016 sales forecast to $40.0- $40.6 billion from $40.3- $40.9 billion, slightly short of analysts average estimate of $40.64 billion, according to Thomson Reuters I/B/E/S. The company's revenue rose 2.2 percent to nearly $10 billion in the second...

  • Net income plunged 44 percent to $950 million as provisions for income tax surged to $543 million from $15 million. Excluding items, American's profit slumped to $1.77 per share from $2.62, but handily beat the average analyst estimate of $1.68, according to Thomson Reuters I/B/E/S. Total operating revenue declined 4.3 percent to $10.36 billion in the quarter...

  • Stocks to Watch: July 22, 2016

    American Airlines, GE and Starbucks are making headlines this Friday morning to wrap up another busy week of earnings.

  • FORT WORTH, Texas— American Airlines' second-quarter profit fell 44 percent from a year ago, to $950 million, as taxes, lower revenue and higher labor costs offset another big drop in fuel. American, the world's biggest airline, said Friday that net income amounted to $1.68 per share and compared with $1.7 billion, or $2.41 per share, in last year's second quarter.

  • The world's largest airline earned $950 million, or $1.68 per share, in the second quarter ended June 30 compared with $1.70 billion, or $2.41 per share, a year earlier. Analysts on average expected a profit of $1.68 per share, according to Thomson Reuters I/B/E/S. Provision for income tax surged to $543 million from $15 million.

  • HONG KONG— As investigators prepare to wind down the Malaysia Airlines Flight MH370 search after more than two fruitless years, the airline industry is still working to raise safety standards to prevent another plane from going missing. Earlier this year, the International Civil Aviation Organization, spurred by MH370, moved to tighten up safety standards.