Delta Ekes Out Small 1Q Profit on Higher Air Fares
Delta Air Lines reports its first-quarter profit fell, as costs related to salaries rose.
airline industry
Few Steps Remain in American Airlines, US Airways Merger
Following bankruptcy court approval, the merger of American Airlines and US Airways faces just a few more hurdles, including approval from the U.S. Justice Department.
Airlines' On-Time Performance Slips During Winter Months
The government said Thursday that 80.3 percent of flights by U.S. carriers arrived on time in January and February, down from last winter's record 84.9 percent.
Airlines' Merger in Holding Pattern as Judge Weighs Severance
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
American Airlines, US Airways Merger Talks Get Off the Ground
American Airlines and US Airways are one step closer to a potential merger. The companies said Friday they signed legal documents allowing them to confidentially exchange information. But a deal is still far from reality.
Wall Street Watch Tuesday: Fashionable Profits for PVH
A dicey economy doesn't mean that fashion is out of fashion. Apparel designer PVH, owner of such brands as Calvin Klein and Tommy Hilfiger, posted better than expected quarterly results on Monday afternoon.
Financial Landscape: Banks Get No Love; OPEC Vs. OPEC
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.
Airline Profits Forecast to Fall as Fares Keep Rising
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.
Former Northwest Employees Sue Delta Over Pay Discrepancy
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.
Will Higher Airfares Ground More Flyers?
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.
Boeing's Dreamliner Delays: Outsourcing Goes Too Far
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 Fly 13%
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?
Delta Lowers Profit Guidance on Winter Storms
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.