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  • 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...

  • These stocks surge when the Dow and S&P both pop

    CNBC’s Deirdre Bosa breaks down the market’s recent surge by looking at which sectors and stocks perform the best during similar rallies.

  • 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.

  • July 22- Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, reported a 7.4 percent rise in quarterly profit, helped by strength in its automation and control solutions business. Net income attributable to Honeywell rose to $1.28 billion, or $1.66 per share, in the second quarter ended June 30, from $1.19 billion, or...

  • PUTRAJAYA, Malaysia— The more than two-year-long hunt for Malaysia Airlines Flight 370 will be suspended once the current search area in the Indian Ocean has been completely scoured, the three countries conducting the operation announced Friday, possibly ending all hopes of solving aviation's greatest mystery. Some families of the lost plane's 239...

  • July 21- Boeing Co's second-quarter results will include more than $2 billion in charges related to the 787, 747 and KC-46 tanker aircraft programs, the aerospace and defense company said on Thursday. The combined charges of $2.05 billion address high-profile problems such as dwindling demand for very large planes like the 747 and a hangover of nearly $30...

  • Jean-Francois Lemay said Thursday that all passengers scheduled to fly on the July 18 flight from Glasgow to Toronto will be compensated pursuant to the applicable European regulations. European Union rules stipulate a passenger is entitled to 600 euros in the event a flight longer than 2,174 miles is canceled. Jean-Francois Perreault, 39, and Imran Zafar...

  • July 21- Boeing Co said on Thursday it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program when it reports second-quarter results on Wednesday. The 787 charge totals $847 million after tax, or $1.33 a share, and stems from two test aircraft that Boeing said were substantially modified and remain unsold.

  • July 21- Boeing Co said on Thursday that it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program for the second quarter.