Virgin America Posts Yearly Loss; Eyes Possible IPO
Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year.
Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year.
Congress has easily approved legislation ending furloughs of air traffic controllers that have delayed hundreds of flights daily.
The Senate moved quickly late on Thursday to end air traffic controller furloughs that were causing widespread airline flight delays related to federal spending cuts.
United Continental Holdings posted a smaller quarterly loss on Thursday, as the world's largest carrier was helped somewhat by lower fuel prices and higher passenger revenue.
Higher fares are helping Southwest Airlines make more money than Wall Street expected, but the company says automatic federal spending cuts could hurt revenue in April.
US Airways posted a bigger adjusted first-quarter profit as it carried more passengers, and collected more from them.
Delta Air Lines reports its first-quarter profit fell, as costs related to salaries rose.
Travelers waited more than an hour for flights in New York and experienced delays at other U.S. airports on Sunday evening as furloughs of air traffic controllers began.
The FAA has reportedly accepted Boeing's revamped battery system for its beleaguered 787 Dreamliners and agreed to lift its grounding order.
Boeing's grounded 787 jetliners could soon be flying again, published reports say.
The public should expect flight delays as furloughs kick in Sunday for air traffic controllers, although effects may be felt unevenly from airport to airport, the FAA says.
A day after American Airlines canceled 970 flights and delayed more than 1,000, the bankrupt airline is promising to run a near-normal operation Wednesday.
Airline passenger complaints to the federal government surged by a fifth last year, even as some measures -- including on-time arrivals -- improved, according to a new report.
An airline in Samoa is charging heavier passengers higher airfares, and making them weigh in at the airport. Could such a system ever take off with U.S. airlines?
Ryanair has made the biggest-ever order of Boeing planes by a European airline, announcing Tuesday it will buy 175 aircraft in a major boost for the U.S. aerospace giant.














