airline industry

As a new week begins on Wall Street, nobody wants bank stocks, J.P. Morgan Chase hints at changes at the top, OPEC ministers tussle over crude, and airlines are in for some financial turbulence. In fact, the only good news is for France, which apparently won't lose the IMF over the DSK scandal.

The International Air Transport Association has cut its 2011 profit forecast for the industry in half, and fares are on the rise. The IATA downgraded its 2011 airline industry profit forecast to $4 billion -- 54% less than its March forecast and 78% less than the industry netted in 2010.

A half-dozen Delta Air Lines flight attendants sued the carriers for what they say is discrimination in the form of smaller profit-sharing paychecks for former Northwest Airlines employees, the Associated Press reported Wednesday.

Cathay Pacific CEO Tony Tyler says when airlines last raised fares in 2008, most travelers kept on flying. But as Mideast upheavals send oil prices skyward and airlines hike fares again, the impact on the bottom line could be quite different.

United Airlines (UAL) has temporarily grounded 96 of its Boeing (BA) 757 jets after the airline discovered late Tuesday it had failed to complete federally mandated safety checks. The action is expected to result in the cancellation or delay of an unspecified number of flights Wednesday, while...

After Boeing announced yet another -- the seventh -- delay in the first delivery of the innovative 787 passenger jet, it's now clear that Boeing's decision to outsource both the design and manufacturing of the plane was more than it could manage.

Southwest Airlines's fourth-quarter earnings rose 13% to $131 million as business travelers return after the recession, the company reported Thursday. But will fuel prices cause airline turbulence?

The storms last month not only inconvenienced travelers; they also cut into Delta Air Lines's profit, the company warned Wednesday. Delta has lowered its profit guidance by $45 million as a result.

Transportation Secretary Ray LaHood is raising the bar for the treatment of airline passengers this spring. You'll see more transparency in ticket pricing, better deals for bumped passengers, and reimbursement of luggage fees when checked bags are lost or delayed.

Thousands of stuck holiday travelers are just the beginning: Airlines' new policy of pre-emptively canceling flights to avoid snowstorms is lowering their losses, but will likely leave many more passengers without a flight home in the future.