Airfares are at their lowest levels in years, so airlines are trying to find new ways to make money. And that means extra fees -- more than $1 billion from last year alone, according to the Department of Transportation.
U.S. stocks were headed for modest gains Wednesday as investors awaited the Federal Reserve's policy statement due out in the afternoon.
The stock price of AMR Corp. surged on Thursday after the American Airlines parent company said it obtained $2.9 billion in new financing.
The round of baggage fees that came last year may have annoyed the heck out of customers, but according to government figures, they were a billion-dollar lifesaver for cash-strapped airlines.
Most of the major airline stocks took a dive during Thursday afternoon trading, as the price of oil - the industry's greatest obstacle - surged more than $5.
British Airways PLC, American Airlines and Spain's Iberia SA said Thursday they have signed a revenue-sharing deal that -- if approved by regulators -- will see the trio set prices together and share seat capacity on trans-Atlantic flights
This summer is shaping up to be a delay nightmare for flyers, especially travelers in and out of New York, according to two new reports.
British Airways PLC and Spain's Iberia SA said they are in talks over a potential all-share combination
The service cuts that have caused so much frustration for passengers are starting to help the airlines.
American Airlines said on Thursday that it plans to cut nearly 7,000 full-time employees, or 8% of its total staff, by the end of 2008.
Airfares are at their lowest levels in years, so airlines are trying to find new ways to make money. And that means extra fees -- more than $1 billion from last year alone, according to the Department of Transportation.
U.S. stocks were headed for modest gains Wednesday as investors awaited the Federal Reserve's policy statement due out in the afternoon.
The stock price of AMR Corp. surged on Thursday after the American Airlines parent company said it obtained $2.9 billion in new financing.
The round of baggage fees that came last year may have annoyed the heck out of customers, but according to government figures, they were a billion-dollar lifesaver for cash-strapped airlines.
Most of the major airline stocks took a dive during Thursday afternoon trading, as the price of oil - the industry's greatest obstacle - surged more than $5.
British Airways PLC, American Airlines and Spain's Iberia SA said Thursday they have signed a revenue-sharing deal that -- if approved by regulators -- will see the trio set prices together and share seat capacity on trans-Atlantic flights
This summer is shaping up to be a delay nightmare for flyers, especially travelers in and out of New York, according to two new reports.
British Airways PLC and Spain's Iberia SA said they are in talks over a potential all-share combination
The service cuts that have caused so much frustration for passengers are starting to help the airlines.
American Airlines said on Thursday that it plans to cut nearly 7,000 full-time employees, or 8% of its total staff, by the end of 2008.
The U.S. military will open up airspace for commercial air travel during the Independence Day weekend to relieve congestion, the U.S. Department of Transportation said Wednesday.
As the price of jet fuel approaches $4 a gallon, even traditionally low-cost carriers are being forced to raise fares.
United Airlines said Wednesday that it's cutting up to 1,100 more jobs, removing an additional 70 fuel-guzzling airplanes from its fleet and slashing domestic capacity as it tries to cope with spiraling fuel prices
The CEOs of United Airlines and US Airways formally shelved their effort to create the world's largest airline, backing away from a deal that could have shored up their finances
Two of the three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 roundtrip, to recoup rapidly rising fuel costs
American Airlines canceled 850 flights Wednesday -- more than one-third of its schedule -- as it spent a second straight day inspecting the wiring on some of its jets
American Airlines said it would cancel nearly 500 flights Tuesday as it again performs detailed inspections of a key aircraft model.
American Airlines canceled a handful of flights on Friday as it finished up its inspections of wiring bundles on some of its planes, while Delta Air Lines resumed normal service after completing its inspections.
American Airlines said it canceled hundreds of flights amounting to more than 10% of its schedule for Wednesday as it performs more detailed inspections of a key aircraft model.
American Airlines canceled about 200 flights on Wednesday so its crews can inspect some wire bundles aboard its MD-80 aircraft
It may be time to wave goodbye to some of those discount fares. If Delta Air Lines and Northwest Airlines complete a merger to form the largest U.S. airline, travelers can expect fewer deals and higher fares on some remote routes.
After almost two years of profits, the airline industry will hit turbulence and post a fourth quarter loss due to high jet fuel prices, according to a leading analyst.
Something funny is happening in the aviation industry: Airlines are making money again. But while that's good news for shareholders, it's infuriating pilots and other employees who took pay cuts in the wake of 9/11. Nowhere are pilots as peeved as they are at American, where the airline's 12,000-member Allied Pilots Association has declared war on management.
Delta Air Lines said Wednesday it is open to a combination with another airline and was looking at deals even before one of its major shareholders wrote to push it to make a bid for United Airlines.
A second young woman has come forward to claim that Southwest Airlines employees made her cover up on a recent flight, leading jet-setters to ask: Will my outfit fly?
The percentage of flight delays at the nation's largest airlines rose in July compared with a year ago, according to government data released Tuesday.
American Airlines, the world's largest carrier, is pinning its hopes for growth in the lucrative New York market on a $1.3 billion terminal, unveiled Wednesday, that could net it 50 percent more passengers at John F. Kennedy International Airport.
Northwest Airlines has seen an increase in the number of canceled flights once again, a condition that the pilots union is blaming on management for not having enough staffing, and which the airline charges is due to a spike in pilots calling in sick starting this past Friday.
Shares of AMR Corp. parent of American Airlines, rose more than 7 percent Monday amid persistent talk in the stock options market about a possible takeover of the company.
AMR Corp., parent of the world's largest airline American Airlines, Wednesday posted a second-quarter profit that fell short of Wall Street expectations, weakened by severe weather disruptions.
The nation's airlines experienced their worst delays in 13 years and posted a sharp increase in cancellations during the first five months of the year, according to figures released Tuesday by the Department of Transportation.
Continental Airlines and its pilots union have agreed to start early talks on changes in the non-economic portion of their contract at the request of the union - a relatively rare union victory in the battered airline industry in recent years.
Delta Air Lines emerged from bankruptcy early Monday as a leaner but still independent carrier after a 19-month reorganization that saw it fight off a $10 billion hostile takeover.
Stocks were set for some turbulence on Wall Street Friday after the latest government report showed that the housing slump in January was much worse than anticipated.
The airline industry got shaken up this week by a multi-billion-dollar offer for a troubled carrier, with experts saying the bid would lead to more deals and leave just a handful of major airlines flying.
Stocks of major U.S. airlines tumbled in early trading Thursday after the arrest of 21 people in Britain accused of plotting terrorist attacks on trans-Atlantic flights, then rebounded by midday.
It was tougher to be a passenger on a U.S. airline in 2005, according to government statistics, which show almost 10,000 lost baggage reports a day during the year, as well as increases in the other problems that can make a flight unpleasant.
Despite five years of staggering losses, the nation's airline industry looks surprisingly close to the way it looked when the good times ended in 2000.
Air travelers across the nation can expect to feel the effects of Hurricane Katrina, according to a report published Tuesday.
Some top officials at Delta Air Lines apparently now believe a bankruptcy filing there is inevitable, but the airline's chief executive said Thursday he still believes that a restructuring that does not involve a bankruptcy filing is the best route for the loss-plagued carrier.
AT 12:30 ON A RECENT TUESDAY AFTERNOON, GARY KELLY, Southwest Airlines' new CEO, dropped in at a small mechanics' lounge in the bowels of Chicago's Midway airport. Nobody recognized him, so he intr...
Pillows are the latest victim of the financial woes at the world's largest airline.
Delta Air Lines Wednesday slashed fares by up to 50 percent in the most aggressive bid by a major airline so far to fend off cut-throat competition from low-cost carriers.
Investors will hope for positive readings on unemployment and leading indicators while eyeing the retail sector for Thursday's action in a bid to reverse the steep market losses Wednesday.
American Airlines said Thursday it will gain more than $25 million annually by charging service fees for tickets bought at airports and reservation centers.
Albert Casey, former chairman and CEO of American Airlines' parent AMR Corp., died this weekend at his home in Dallas, the company said in a statement.
The Medicare prescription-drug law passed late last year is having a healthy effect on the outlook for corporate finances, Tuesday's Wall Street Journal reported.
Continental Airlines Inc., the nation's fifth largest commercial carrier, said Friday it increased fares on domestic tickets to offset higher fuel costs.
The chief of American Airlines apologized for the actions of a proselytizing pilot, an airline spokesman said Saturday.
Sports curses die hard -- ask any fan of the Boston Red Sox or Chicago Cubs.
If you think flying on an airline can be a miserable experience, try investing in one. The major airline stocks are down 25% since January because a slowing economy means fewer business travelers a...
The stock market's recent stumble is a jolting reminder of just how feeble this economic recovery is -- and how vulnerable stocks are to nasty surprises. So how do you avoid the pitfalls and find s...
BOB CRANDALL is feeling good, remarkably so for a longtime workaholic approaching his 55th birthday. Whippet-thin, he jogs precisely 4.5 miles each morning. His hair, still dark brown and abundant,...
At the heart of American Airlines is one of the world's largest privately owned computer networks. Powered by seven massive IBM mainframes in an underground concrete bunker outside Tulsa, the syste...
While other airlines yielded to the urge to merge, Bob Crandall, chief executive of American Airlines and its parent AMR Corp., held fast to the strategy of growth from within (FORTUNE, September 2...
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