DALLAS— The CEO of discount carrier Spirit Airlines says he isn't worried about competing against new, cheaper fares from American and United. The "basic economy" fares from American and United are designed to attract the kind of thrifty fliers that have helped Spirit double in revenue in four years. At least Spirit passengers know what they're getting for what...
However, international airlines are facing headwinds on the capacity front, says Alan Joyce, CEO of Qantas.
Qantas Airways, Australia's biggest airline, on Thursday posted a 7.5 percent fall in first-half underlying profit.
DALLAS _ Energy Transfer Partners L.P. on Wednesday reported a loss of $458 million in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Three analysts surveyed by Zacks expected $5.71 billion.
The incident Monday at New York's Kennedy Airport is being investigated by the Transportation Security Administration, the agency that was created to protect the nation's airports after the 2001 attacks. "Mistakes happen, but they're supposed to be there to protect our lives," said Kylie Welsh, who returned to Boston from a trip to Pittsburgh on Wednesday.
Recently released video footage shows actor Harrison Ford's plane mistakenly flying over a jet at an airport in Southern California.
The service allows commuters to pick up extra passengers along their route for a small fee, the Wall Street Journal reports.
Airbus has been forced to write-off billions of dollars as it struggles to get its beleaguered A400M military plane back on track.
PHILADELPHIA— Computer troubles are causing problems for American Airlines' passengers at Philadelphia International Airport. American spokeswoman Katie Cody says American's system did not return at 4 a.m. Wednesday after the airport conducted a planned internet outage overnight. As a result, American must manually check in passengers and has halted all...
Uber CEO Travis Kalanick apologized in an all-hands meeting at the company's San Francisco headquarters that employees who participated described as "honest, raw, and emotional."
Airbus CEO Tom Enders gives more detail on the company’s expectations and how it may perform in different markets in 2017.
Airbus took a 1.2 billion euros ($1.3 billion) charge for its troubled A400M military aircraft program as it posted higher-than-expected core earnings for 2016. Its CEO Tom Enders discusses the program.
Feb 21- U.S. railroad operator CSX Corp will cut 1,000 management employees and its chief executive will retire in May, a company spokesman said on Tuesday, as activist investor Mantle Ridge LP pushes to shake up the company's board. Sease said the cuts and the CEO's retirement were long planned, and not linked to Mantle Ridge, which has a 4.9 percent stake in CSX, and...
SHAWNEE MISSION, Kan. _ Seaboard Corp. on Tuesday reported fourth-quarter earnings of $103 million. On a per-share basis, the Shawnee Mission, Kansas- based company said it had net income of $87.83. For the year, the company reported profit of $312 million, or $266.50 per share.
PROVIDENCE, R.I.— Rhode Island police have arrested a third suspect in the theft of a truckload of diapers worth about $90,000. State Police say Dalzon leased the Providence storefront where detectives found 800 boxes of diapers last week. Police have said Audrey Bettis sold the diapers instead of delivering them to an Amazon distribution facility in Fall...
Huffington is a member of Uber’s board.
UPS says its latest flying test shows the potential for using drones to make deliveries in rural areas. United Parcel Service said Tuesday that a drone launched from a specially outfitted truck, made a delivery and returned to the truck during a test this week in Florida. Mark Wallace, the company's senior vice president of engineering, says the test has...
Sales at its logistics business, under which the company offers services such as warehousing and distribution, rose 8.6 percent to $1.38 billion in the fourth quarter ended Dec. 31. The company sold its truckload shipping business, acquired as part of its $3 billion Con-way deal, to Canadian trucking company TransForce Inc for $558 million in October.
U.S. railroad operator CSX Corp's chief executive, Michael Ward, will retire after more than 14 years in the role.
Donald Broughton, Managing Director at Avondale Partners, has a “sell” rating on Norfolk Southern stock and tells viewers why.
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