American Airlines' parent company has filed for Chapter 11 bankruptcy protection. CNN's Richard Quest reports.
As the holiday travel season kicks into high gear, American Airlines' CEO says it will be "business as usual" for passengers, despite filing for bankruptcy.
American Airlines patched things up with Expedia, allowing customers to once again shop for American flights on the travel website, the companies said.
Last week, I wrote about the relationship between fuel prices and airfare increases, and many of you balked, saying that fuel hedging keeps airlines from paying more for fuel. Unfortunately, it doesn't work that way. There is some protection, but no airline is completely insulated.
U.S. stocks climbed Wednesday, with the Dow posting a fresh two-year high for the third day in a row, as investors started to position themselves for the new year.
The Transportation Security Administration said that a passenger taken off an international flight in an emergency stop on Thursday, because of a crew member's suspicions, had done nothing wrong and had posed no security threat.
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