airline sector

IATA Calls For Shared Responsibility on New Security Measures

Airlines should not be forced to take full responsibility for extra security measures as governments try to respond to the discovery of bombs in air-cargo shipments last week, the International Air Transport Association said. Responsibility for new security measures should be spread through the supply chain, beginning with the manufacturer, IATA's CEO Giovanni Bisignani said.

Ryanair Earnings Rise on Higher Fares

Ryanair (RYAAY), Europe%u2019s largest low-cost airline, posted a 32% jump in earnings on higher traffic and prices. The Dublin-based carrier had profit of 330.3 million euros ($461 million) in the quarter ended Sept. 30, up from 250.5 million euros a year earlier, Bloomberg News reported.

United-Continental Merger Lands Execs a Big Pay Raise

Considering how often airline industry executives complain about how hard it is to run a profitable carrier, one might expect their efforts could go unrewarded -- at least monetarily. Not so at the new United Continental Holdings, where big post-merger raises are coming for top management.

British Airways to Begin Joint Venture with American Next Month

British Airways (BAIRY) will begin a joint venture next month on flights across the Atlantic with American Airlines (AMR), after nearly 13 years of planning. The carriers will align their frequent-flier programs, allowing travelers to earn and use miles on the two airlines, Bloomberg News said. They will coordinate their schedule in 2011, then add new destinations in the U.S. and Europe.

Celebrated JetBlue Flight Attendant to Undergo Mental Evaluation

Steven Slater's daring departure from a JetBlue airplane last month made him the darling of disgruntled airline employees everywhere. But the former flight attendant is showing less braggadocio these days, having agreed to a mental evaluation as he attempts to avoid jail time.

UAL Earnings Jump, Topping Analyst Estimates

UAL Corp., the parent of United Airlines, reported sharply higher earnings in the second quarter of $273 million, or $1.29 a share. Quarterly revenue rose 28.4% to $5.16 billion from $4 billion.