amr

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.

American Airlines' Flight Out of Bankruptcy Gets Bumpier

American Airlines executives hoping to bring the deficit-riddled carrier out of bankruptcy want to trim about 13,000 jobs. They left their unions' counteroffer sitting on the tarmac. Will the two sides ever be able to meet in the middle?

5 Companies That Are Still Losing Money

The economy may be ugly for workers, but most companies are making money. In fact, many Wall Street darlings are checking in with record profits. Then again, most doesn't mean all. Here are five notable companies that are losing money this year -- and possibly beyond.

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.

Airline Stocks Despite Travel Alert

Despite the State Department issuing a travel alert Sunday following the killing of infamous terrorist Osama Bin Laden, Wall Street analysts expect airline stocks to continue their upward ride Monday.

The Latest Airline Up-Sell: Direct Flights

The next time you book a flight with a connection, keep your cellphone handy with the ringer as loud as it%u2019ll go %u2014 you could get a call for a cheap up-sell on a direct fare.

Continental and Southwest Back to Profitability

Continental Airlines and Southwest Airlines, the nation's largest discount carrier, posted fourth-quarter profits Thursday, helped by lower fuel costs and improved demand, but the carriers both cautioned that the sector faces more turbulence in 2010.

Earnings Preview: Southwest and Continental

Southwest and Continental report quarterly earnings Thursday with investors keen to hear if the outfits will be adding back some capacity in 2010, an indication that the worst of the industry's downturn may be behind it.

Fees and Fuel Costs Give AMR a Narrower Loss

American Airlines' parent company AMR Corp. posted a narrower fourth-quarter loss Wednesday, helped by lower fuel costs and increases in revenue from passenger fees, but results missed Wall Street's forecast.

JAL Declares Bankruptcy as Airline Industry Woes Continue

Japan Airlines Corp. today became the millionth or so carrier to seek protection from its creditors in the last few years in Japan's fourth biggest bankruptcy. The filing came after a 900 billion yen ($10 billion) turnaround plan after four government bailouts to revive Asia's most indebted carrier failed.

JAL: Next Huge Airline Bankruptcy?

A number of media, including the Nikkei business daily, are reporting that the Japanese government is considering taking its huge flagship carrier JAL into bankruptcy. The news follows recent proposals by both American and Delta over the last several weeks to put $1 billion into JAL.