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Another Icelandic Volcano, Another Threat to Airlines
Just over a year after the ash cloud from the Eyjafjallajokull volcano caused an expensive and chaotic shutdown of air travel across much of Europe, an different volcano in Iceland, Grimsvoetn, is erupting.
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.
More Volcanic Ash Compounds Airline Woes
A new plume of ash has closed several European airports again. That's adding to the air-travel industry's woes as the International Air Transport Association estimates that the April shutdown cost $1.7 billion.
Expect Layoffs and Strikes in the UAL-Continental Merger
UAL is expected to announce today that it will "buy" Continental in a transaction that is more a merger of equals.
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.
Japan Bails Out JAL; Would the U.S. Do the Same?
The federal government has bailed out one industry. Would it do the same for the airlines?
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.
Terrorist Attack Foiled in Detroit, but Still Presents Challenge to Airlines
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.
