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AirTran Shares Spike 65% on Southwest Deal

Southwest Airlines, one of the earliest discount airlines, will buy rival AirTran -- another sign of consolidation in an industry that has witnessed the mergers of Northwest with Delta and United with Continental over the last two years.

Earnings Preview: United, AirTran Set to Improve

United Airlines parent UAL Corp. and AirTran Holdings will release their fourth-quarter earnings Wednesday, and both are expected to post improved results, helped by lower jet fuel costs and slower declines in demand.

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.

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.

Delta, Continental Up Baggage Fees

Delta and Continental are raising the fees they charge customers to check baggage to $25 for the first bag. The move underscores how the industry is trying to squeeze every nickle from the flying public. The winners in this trend? Package-delivery companies.