The storms last month not only inconvenienced travelers; they also cut into Delta Air Lines's profit, the company warned Wednesday. Delta has lowered its profit guidance by $45 million as a result.
Virgin Atlantic Airways, the airline that said six months ago it is interested in a merger deal, has attracted approaches from several parties. "We%u2019ve received a number of lines of enquiry," Virgin spokesman Greg Dawson said in a statement, according to Bloomberg News.
When Virgin American offered traveler writer Randy Diamond the chance to upgrade his ticket to "Main Cabin Select" for a mere $500 more than the coach fare, he assumed it must be for a first-class seat. But what the airline is actually offering for that upgrade may surprise you.
Will airline travel plunge after two bombs were discovered on board cargo planes?
Delta, US Airways and AMR, the parent of American Airlines, all posted higher-than-expected earnings for the peak summer travel season.
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.
Don't believe the fairy tales United and Continental are spinning about their proposed merger being beneficial to travelers and carriers alike: Beyond the deal to bring Southwest to Newark Airport that they cut placate the antitrust watchdogs, this merger is all bad news.
American Airlines and Delta Air Lines both reported traffic increases for August, while Continental Airlines will recall 132 furloughed pilots, further indicating that air travel is on the rebound.
Delta Air Lines Inc (DAL) is cutting jobs and retiring planes at its Comair regional subsidiary. Comair is retiring most of its 50-seat jets in 2011 and 2012, Reuters reported, citing a Comair memo to staff. The memo did not give details on how many of the subsidiary%u2019s 2,600 workers will be cut.
Airlines plan to nearly triple the number of planes with in-flight Internet access this year, but fewer than one in 50 passengers currently pay for the service. When will WiFi revenues start to take off?
The Icelandic volcano isn't the only thing that hit the Continent's carriers hard. They've also had to grapple with currency woes, the European debt crisis and falling consumer confidence. U.S. airlines have avoided much of that storminess.
Delta Air Lines (DAL) reported second-quarter earnings of $467 million , or 55 cents a diluted share, including special items. The company posted a loss of $257 million in the second quarter of 2009 The earnings were driven by a 19% increase in passenger revenue, which rose to $7 billion, the company said in a statement. Cargo revenue advanced 22%.
Survey: Consumers Happier with Airlines Despite Fees, Recession
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.
The airline industry is so unprofitable that competitors try to outdo each other in giving passengers less while charging more, and mergers are only creating bigger, less service-oriented carriers.
Add Delta Air Lines to the list of carriers that give special perks to members of its programs. It's not unusual for airlines to allow free checked...
Separately, United and Continental's frequent flier programs are among the most robust loyalty programs in the business, allowing passengers to earn and spend miles in a variety of ways. Combining the two will create a powerhouse program.
UAL is expected to announce today that it will "buy" Continental in a transaction that is more a merger of equals.
Mergers, near-mergers, paralyzing winter storms, volcanic ash and new rules about the treatment of passengers could all add up to a difficult second quarter for the U.S. aviation industry. As the industry awaits Continental and United Airlines merger news Monday, insiders wonder what's next.
New Department of Transportation rules attempt to prevent airlines from keeping passengers trapped for more than three hours without access to food, water or bathrooms while planes idle on the tarmac. Airlines that break the new rules, which take effect Thursday, now face fines of up to $27,500 per passenger.
The following is a round-up of news likely to affect stock prices today: Goldman Sachs Group Inc. (GS) sank nearly 13% on Friday after the...
The massive cloud of volcanic ash spewing from Iceland is doing more than creating dangerous flying conditions and stranding thousands of passengers on several continents. It's casting a pall over many parts of the economically stressed aviation industry.
A report that United Airlines and U.S. Airways were in merger talks set off a flurry of trading. Just the hint of more consolidation in the overcrowded airline industry, with its high operations costs and notoriously low profit margins, was enough for traders to pounce at the opportunity to get ahead of a move they hope will lead to higher ticket prices and lower overall operating costs industrywide.
With US Airways and United in merger talks and Delta-Northwest already combined, that would American and Continental as the last giants standing alone. No airline merger is easy, but this possibility has some particularly appealing aspects.
Fewer seats and more travelers returning to the skies means you can forget landing a cheap airfare deal this summer. A survey of the average round-trip purchase price of an airline ticket on Travelocity.com found prices are higher by 13.4% than last summer, and slightly higher than 2008. The average fare for all domestic and international flights purchased on the travel site jumped from $415 last summer to $471 this year.
Delta Air Lines reported a narrower fourth-quarter loss Tuesday, helped by lower fuel costs and declining restructuring charges, but results failed to meet Wall Street's expectations.
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.
Business travelers enjoy wi-fi access on some airlines, but not all. Amtrak sees an opening here: It's announced plans to offer wi-fi access on Acela trains between Boston, New York, and Washington, starting in March.
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.