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  • Ships cross Egypt's New Suez Canal in first test-run Saturday, 25 Jul 2015 | 7:53 AM ET

    ISMAILIA, Egypt, July 25- The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145- year-old Suez Canal. The new waterway, which President Abdel Fattah al-Sisi hopes will help expand trade along...

  • July 24- Southwest Airlines Co flight attendants voted overwhelmingly against a tentative contract that would have raised wages but involved changes in work rules that many thought were burdensome, their union said Friday. The union said it will continue negotiations with Southwest on the contract, which became amendable more than two years ago.

  • Southwest flight attendants reject contract proposal Friday, 24 Jul 2015 | 3:32 PM ET

    DALLAS— Flight attendants at Southwest Airlines Co. have voted overwhelmingly to reject a contract offer that included pay raises and a bonus. Before the vote, critics had complained about changes that Southwest sought in vacation policies and longer shifts because of new international flights. The vote was announced a day after Southwest reported a record...

  • July 24- Southwest Airlines Co flight attendants voted overwhelmingly against a tentative contract that would have raised wages but involved changes in work rules that many thought were burdensome, their union said Friday. Some 87 percent of voting flight attendants rejected the tentative deal, according to the Transport Workers Union Local 556.

  • July 24- The U.S. Department of Justice has informed Sikorsky Aircraft that it has started a criminal investigation into allegations the helicopter maker overbilled the U.S. Navy for a contract, Sikorsky's parent company, United Technologies Corp, said on Friday. The Justice Department told Sikorsky of the probe on July 13, and requested that Sikorsky and two...

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four U.S. airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Transportation Secretary Anthony Foxx said the investigation involved Delta Air Lines Inc,...

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four American airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Amtrak traffic between Washington and New York City was shut down for six days as a result.

  • NEW YORK— Delta Air Lines flights are resuming at LaGuardia Airport's Terminal C after an hourslong power outage resulted in dozens of cancellations. Steve Coleman, a spokesman for the Port Authority of New York and New Jersey, which runs the region's airports, says power went out at 4:30 a.m. when a contractor accidentally cut two electric feeders.

  • WASHINGTON, July 24- The U.S. Transportation Department on Friday began an investigation of possible price gouging by four American airlines in the aftermath of a deadly Amtrak crash in Philadelphia in May. Transportation Secretary Anthony Foxx said the investigation would focus on the practices of Delta, American, Southwest and Jet Blue in the Northeast...

  • July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

  • WASHINGTON— Transportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service. The Transportation Department sent letters on Friday to Delta, American, United,...

  • July 24- A power outage early Friday at New York's LaGuardia International Airport has delayed a number of flights, according to a spokesperson at the Port Authority of New York& New Jersey, which runs the airport. The official said the Federal Aviation Administration was reporting delays of about two hours for Delta Air Lines, "and 45 cancellations for Delta at...

  • July 24- The arrival of some flights at New York's LaGuardia International Airport have been delayed by as much as three hours due to a power outage, the NBC reported. The outage was reported at about 6 a.m. ET on Friday and was affecting flights in Terminal C, according to the report. NBC said it was not immediately clear what caused the outage.

  • POWER OUTAGE DELAYING SOME FLIGHTS BY UP TO 3 HOURS AT NEW YORK'S LAGUARDIA AIRPORT- NBC NEW YORK.

  • American Airlines beats 2Q profit forecasts Friday, 24 Jul 2015 | 7:09 AM ET

    FORT WORTH, Texas— Dramatically cheaper jet fuel helped American Airlines nearly double its second-quarter profit to $1.7 billion despite lower revenue. "Our largest cost has fallen 50 percent" since last summer, said CEO Doug Parker. American's fuel bill dropped by more than $1 billion— a 37 percent savings— compared with the same quarter last year.

  • July 24- Spirit Airlines Inc, a low-cost U.S. carrier, reported a better-than-expected rise in quarterly profit due to an increase in the number of flights and routes it operates. Spirit's net income rose 18.3 percent to $76.7 million, or $1.05 per share. The Miramar, Florida- based company's revenue rose 11 percent to $553.4 million.

  • WASHINGTON— The Commerce Department reports on sales of new homes in June at 10 a.m. Eastern Friday. HIGHER SALES: Economists expect a 0.5 percent increase in new-home sales to a seasonally adjusted annual rate of 548,000, according to a survey by data the firm FactSet. Sales of existing homes increased 3.2 percent in June to a seasonally adjusted annual rate of...

  • Spirit Airlines profit rises 18 pct Friday, 24 Jul 2015 | 6:18 AM ET

    July 24- Spirit Airlines Inc, a low-cost U.S. carrier, reported an 18.3 percent rise in quarterly profit as flight volume increased. Net income rose to $76.7 million, or $1.05 per share, in the second quarter ended June 30, from $64.8 million, or 88 cents per share, a year earlier. Adjusted earnings were $1.03 per share.

  • U.S. airlines return to fuel hedging, get burned again Thursday, 23 Jul 2015 | 6:46 PM ET

    Southwest Airlines Co and United Continental Holdings Inc have added new hedges against a rise in oil prices just months after bets last year cost them hundreds of millions of dollars. "We were concerned that market prices would continue to escalate, so we did add some positions for the second half of this year," Southwest's Chief Financial Officer Tammy Romo...

  • Universal Truckload beats 2Q profit forecasts Thursday, 23 Jul 2015 | 6:21 PM ET

    WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported second-quarter net income of $13.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.