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.
airlines
Airlines Hike Up Added Fees, Just in Time for Summer
Summer is almost here, but before you pack up your bags for that big trip, keep in mind these additional airline fees. Even some discount carriers are getting into the act.
House OKs Bill to End FAA Furloughs, Airport Delays
Congress has easily approved legislation ending furloughs of air traffic controllers that have delayed hundreds of flights daily.
Senate Passes Bill to End Air Traffic Control Furloughs
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.
Airline Stocks Soar, in Spite of Sequestration
All of the major air carriers beat Wall Street expectations, even though some are still struggling to post consistent profits – and sequestration challenges continue.
United Continental Narrows Loss on Higher Airfares, Lower Fuel Costs
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 Help Boost Southwest Airlines' Profit
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 First-Quarter Profit Soars on Fuller Planes
US Airways posted a bigger adjusted first-quarter profit as it carried more passengers, and collected more from them.
GE Profit Rises on Higher Jet-Engine Sales, Sale of NBC
GE reported a first-quarter profit in line with Wall Street's expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal.
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.
Virgin America Tops List of Best Airlines; United Ranks Last
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.
Judge Approves American-US Airways Merger
A federal bankruptcy judge signed off Wednesday on the $11 billion merger of American Airlines and US Airways, clearing the way for the forming of the world's biggest airline.
Market Minute: US Airways and American Airlines Look Set for Merger
US Airways and AMR are in the final stages of negotiating a merger, with final price and management structure still to be resolved. A combined American-US Airways would have revenue of $38.69 billion based on 2012 figures, in front of current world No. 1 United Continental Holdings.