amr

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.

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.

The federal government has bailed out one industry. Would it do the same for the airlines?

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.

On Christmas day, a Nigerian man tried to ignite some kind of explosive device as a Northwest Airlines flight from Amsterdam to Detroit began its landing (Northwest is now owned by Delta (DAL). This apparent terrorist act could mean more problems for airlines in 2010.

Speaking to the media in Tokyo, AMR (AMR) CFO Tom Horton said that his company would work with the Japanese government to save carrier JAL. AMR and private equity team TPG are offering $1.1 billion toward a restructuring package designed to keep the airline flying, and to keep it within the...

British Airways lost $485 million for the six months that ended in September. The airline's CEO Willie Walsh told the BBC that this has been the "most difficult year in the history of British Airways". BA is planning to cut 3,000 more workers in an attempt to return to profitability, but the firm's...

Airline passengers are used to being told by flight attendants that it's time to put away their laptop computers. Now, the pilots of American (AMR), Delta (DAL) and other airlines may hear a similar message from Congress, which is considering banning the use of laptops and other electronic devices...

AMR Corporation (AMR), American Airlines' parent company, said today it has raised $2.9 billion from partners Citigroup (C) and General Electric (GE). And boy, does Fort Worth, Texas-based AMR need that money. Challenges from swine flu fears to high fuel costs to a global recession have put the...

As each day passes, the financial plight of the airline industry gets worse. Falling passenger traffic due to the recession, and moderately high fuel prices due to $70 per barrel oil, are squeezing margins into the red at debt-laden carriers. Japan Airlines said, on September 15th, that it would...