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Hundreds of travelers are stranded when creditors looking to recoup their money forced Canadian airline Zoom to ground its flights.
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Most of the Uncle Sam stimulus checks have been sent out. How did you use your rebate?
Spent it on essential..
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Jet-fuel prices soar 79%More VideosNEW YORK (CNNMoney.com) -- 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.
The Amex Airline Index (XAL) slipp..
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Oil profits: $44 billion buys what?More Videos
Airline stocks soar as oil falls
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Analysts: Citi can shake $7B settlement
Banks' settlements: Rare good deal for investors
Settling the credit score
Issue #1 on CNN — Th..
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24 minutes ago CHICAGO (Reuters) - Midwest Airlines, a unit of Midwest Air Group, on Monday said it would cut its work force by 1,200 employees, or 40 percent, making it the latest airline to reduce staffing amid soaring fuel prices.
The company said i..
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By Kyle Peterson 3 minutes ago CHICAGO (Reuters) - United Airlines pilot Todd Coomans has yet to fully recover from a painful furlough five years ago that set his airline career back several years and, along the way, also cost him his marriage.
Now the..
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biz.yahoo.com
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BRUSSELS, Belgium (AP) -- EU regulators warned that Italy's $467 million bailout of its national airline may be illegal and said Wednesday that an investigation of the rescue effort is on the way.
The European Commission said state aid for Alitalia may h..
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With fuel prices high, smaller cities could see cuts in airline service that has been subsidized by the federal government since the industry was deregulated three decades ago. So far this year airlines have asked to opt out of subsidy contracts to 20 pla..
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Bankruptcies are nothing new to the airline industry, which has seen hundreds of carriers become defunct since the infancy of the business. But a recent spate of bankruptcies by several prominent carriers--including Frontier Airlines (Other OTC:FRNTQ.PK -..
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US Airways delays Philadelphia-Beijing route.WASHINGTON (AP) -- US Airways said Thursday that high fuel prices are forcing the airline to seek a one-year delay in starting a route between Philadelphia and Beijing.
In letters to members of Congress and e..
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2 hours, 27 minutes ago CHICAGO (Reuters) - U.S. airline shares were broadly higher on Thursday as oil prices -- directly linked to the price of jet fuel -- retreated from a record high above $135 a barrel.
American Airlines parent AMR Corp (AMR.N) pos..
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By Daryl Loo and Tim Hepher 5 minutes ago SINGAPORE/PARIS (Reuters) - Airlines around the world braced for slower growth, tighter earnings and deeper cost cutting on Thursday as oil prices surged and the biggest carrier by revenue, Air France KLM (AIRF...
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BRUSSELS, Belgium (AP) -- Italy has until May 30 to provide European Union regulators with in-depth information to allay concerns about a 300 million euros ($463 million) government loan to ailing national airline Alitalia, an EU spokesman said Tuesday...
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LONDON -- Business-class airline Silverjet PLC, strained by high fuel prices and tight credit conditions, said Wednesday it had found a Middle East investor willing to pump $100 million into the airline to keep it flying.
The airline, which runs services..
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1 hour, 58 minutes ago CHICAGO (Reuters) - Airline shares rocketed higher on Tuesday, led by Northwest Airlines (NWA.N), on a sharp decline in the price of crude oil, which is directly linked to the price of jet fuel.
Northwest stock gained 17.5 percen..
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PHOENIX (AP) -- Though he's still merging work forces from his last airline deal, US Airways CEO Doug Parker hasn't stopped eyeing other carriers and thinking of the possibilities.
He tried to woo Delta Air Lines last year, offering $9.8 billion in a hos..
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By Kyle Peterson 25 minutes ago CHICAGO (Reuters) - Record high fuel prices led three U.S. airlines to report hefty quarterly losses on Tuesday, with UAL Corp (UAUA.O), parent of United Airlines, posting its largest loss since it completed a Chapter 11..
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ST. PAUL (AP) -- State lawmakers were searching for ways Tuesday to prevent a Delta-Northwest combination that would leave Minnesota without a major airline headquarters.
The deal announced Monday would put the combined airline's headquarters in Delta's..
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ALEXANDRIA, Va.--(BUSINESS WIRE)--The National Business Travel Association (NBTA) recently surveyed its travel manager members to gauge the business travel industry’s reaction to potential airline consolidation. NBTA member travel buyers control $170 bi..
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ROME (AP) -- Silvio Berlusconi quickly laid out his strategy Tuesday for resolving Italy's crises, from its ailing national airline to garbage in Naples, a day after the media mogul triumphed in parliamentary elections.
Bolstered by right-wing allies --..
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By Kyle Peterson and Jui Chakravorty Das Tue Apr 15, 1:35 AM ET NEW YORK (Reuters) - Delta Air Lines Inc (DAL.N) will buy Northwest Airlines Corp (NWA.N) for more than $3 billion under a proposal unveiled Monday to create the world's biggest airline, as..
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