International Business News - AMR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Negotiators for union mechanics and bag handlers at American Airlines have rejected a contract proposal from American Airlines that called for lump-sum payments instead of wage increases. http://www.ibtimes.com/articles/20080517/union-rejects-american-airlines-offer.htm Sat, 17 May 2008 16:34:03 EDT AMR Corp., the parent company of American Airlines, said Friday that certain covenants required under a credit agreement have been waived through March 2009, according to a filing with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080516/amr-amends-credit-agreement-covenants-waived.htm Fri, 16 May 2008 15:55:05 EDT A week before Memorial Day travelers hit the airports, the Transportation Department announced Friday proposals to ease delays emanating from the New York City-area's congested airports, avoid widespread aircraft groundings and better inform travelers about prices and delays. The plans call for: http://www.ibtimes.com/articles/20080516/congestion-suggestions-dots-delay-reduction-plan.htm Fri, 16 May 2008 14:31:13 EDT Slot auctions designed to reduce delays nationwide and increase competition are coming to John F. Kennedy International Airport in New York and Newark Liberty International Airport in New Jersey, the government said Friday. http://www.ibtimes.com/articles/20080516/slot-auctions-coming-to-all-3-nyc-area-airports.htm Fri, 16 May 2008 16:27:17 EDT Congressional and airline industry sources say the Transportation Department will announce slot auctions at John F. Kennedy International Airport in New York and Newark Liberty Airport in New Jersey. http://www.ibtimes.com/articles/20080516/slot-auctions-coming-to-all-3-nyc-area-airports.htm Fri, 16 May 2008 11:59:35 EDT U.S. airlines carried nearly 3 percent more passengers in February compared with the same month last year, but did so while operating fewer flights, the government said Thursday. http://www.ibtimes.com/articles/20080515/dot-says-airline-traffic-rose-in-february.htm Thu, 15 May 2008 12:06:08 EDT Silverjet PLC, while planning to cautiously expand from its London base, is in talks to replicate its all-business class model in other markets through franchise deals, the high-end airline's CEO said Thursday. http://www.ibtimes.com/articles/20080515/silverjet-plans-to-expand-keeps-options-open.htm Thu, 15 May 2008 11:24:33 EDT United Airlines and Continental Airlines Inc. are talking about forming an alliance to gain some benefits of working together without going through a merger, which Continental rejected last month, a person close to the talks said Wednesday. http://www.ibtimes.com/articles/20080514/ap-source-united-continental-in-alliance-talks.htm Wed, 14 May 2008 19:40:33 EDT Airline stocks rose Wednesday as oil prices eased further from recent record highs. The Amex Airline Index jumped 2.8 percent to 22.88 in early afternoon trading. Broader indexes also advanced, with the Dow Jones industrial average up 1.1 percent to 12,977.60. http://www.ibtimes.com/articles/20080514/sector-snap-airline-stocks-rally-as-oil-eases.htm Wed, 14 May 2008 13:37:49 EDT The U.S. is proposing that dozens of countries ease their airline ownership rules in an effort to spur international investment in the industry, a State Department official said Tuesday. http://www.ibtimes.com/articles/20080513/us-wants-to-ease-global-airline-ownership-rules.htm Tue, 13 May 2008 14:21:24 EDT Airline stocks wavered Tuesday as oil prices pushed higher and the industry's main U.S. trade group forecast carriers will continue to pack planes this summer even as they shed capacity to cut costs. http://www.ibtimes.com/articles/20080513/sector-snap-airline-stocks-waver-as-oil-climbs.htm Tue, 13 May 2008 13:25:00 EDT The U.S. is proposing that dozens of countries ease their airline ownership rules in an effort to spur international investment in the industry, a State Department official said Tuesday. http://www.ibtimes.com/articles/20080513/us-wants-to-ease-the-airline-ownership-rules.htm Tue, 13 May 2008 12:53:16 EDT Fewer Americans are expected to fly this summer, but don't expect more empty seats as carriers pack planes to help offset surging fuel costs. The trade group for the nation's largest airlines on Tuesday forecast 211.5 million passengers will travel on domestic carriers between June 1 and Aug. 31. That would be a 1.3 percent drop from last summer. http://www.ibtimes.com/articles/20080513/fewer-fliers-for-summer-but-packed-planes-persist.htm Tue, 13 May 2008 11:46:08 EDT Airline shares gained ground Monday as oil prices eased from recent record highs. The Amex Airline Index added 1 percent to 22.11 in late morning trading, its first gain in more than a week. The broader market also advanced, with the Dow Jones industrial average rising 0.7 percent to 12,834.87. http://www.ibtimes.com/articles/20080512/sector-snap-airlines-mostly-rise-as-oil-eases.htm Mon, 12 May 2008 12:39:18 EDT American Airlines, the nation's largest carrier, spent $1.4 million in the first quarter to lobby on federal aviation funding and other issues, according to a disclosure form. http://www.ibtimes.com/articles/20080509/american-airlines-spent-1-4-million-lobbying-in-1q.htm Fri, 09 May 2008 18:56:45 EDT The union representing American Airlines' pilots spent $160,000 in the first quarter to lobby on federal aviation funding, according to a disclosure form. http://www.ibtimes.com/articles/20080509/allied-pilots-association-spent-160k-lobbying-in-1q.htm Fri, 09 May 2008 12:53:54 EDT 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. The increases by American Airlines, United Airlines and Delta Air Lines affect the carriers' fuel surcharges, which now total $130 roundtrip on many flights. That means passengers on some cheap flights could be paying more in fees and taxes than for the airfare itself. http://www.ibtimes.com/articles/20080508/top-3-air-carriers-boost-fuel-charge-by-20-roundtrip.htm Thu, 08 May 2008 14:34:32 EDT Major airline shares rose Thursday after Delta Air Lines Inc. sparked the industry's latest fare increase and oil prices took a break from their upward march. http://www.ibtimes.com/articles/20080508/sector-snap-major-airline-shares-rise-as-oil-takes-a-break.htm Thu, 08 May 2008 12:48:44 EDT 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. http://www.ibtimes.com/articles/20080508/delta-air-lines-american-boost-fuel-charge-by-20-roundtrip.htm Thu, 08 May 2008 12:38:36 EDT Airline stocks moved mostly lower Wednesday, although a handful of carriers eked out gains even as oil prices remained near record highs. The Amex Airline Index slipped 1.1 percent to 22.75 around midday, giving up gains earlier in the session. If the declines hold, it will be the 14-stock index's fourth straight day of declines. http://www.ibtimes.com/articles/20080507/sector-snap-airline-stocks-mostly-decline-as-oil-stays-high.htm Wed, 07 May 2008 12:41:25 EDT