International Business News - Airlines 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 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 The Federal Aviation Administration plans to meet with American Airlines to discuss the company's revised inspection procedures for suspected lightning strikes, an agency spokesman said Friday. http://www.ibtimes.com/articles/20080516/faa-to-meet-with-american-about-lightning-strikes.htm Fri, 16 May 2008 16:56:20 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 Moody's Investors Service cut its liquidity rating on United Airlines and parent UAL Corp. amid concerns about higher fuel costs, a slowing economy and rising costs. http://www.ibtimes.com/articles/20080515/moodys-cuts-united-airlines-liquidity-rating.htm Thu, 15 May 2008 12:04:50 EDT Among the sector activity stories for Wednesday, May 14, from AP Financial News: NEW YORK (AP) _ Airline stocks rose Wednesday as oil prices eased further from recent record highs. http://www.ibtimes.com/articles/20080514/sector-roundup-airlines-internet.htm Wed, 14 May 2008 14:35:05 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 Continental Airlines on Tuesday said that Chief Financial Officer and Executive Vice President Jeff Misner will retire and be replaced by Zane Rowe. Misner opted to retire effective Aug. 31 following his 55th birthday, Continental said. He has been CFO since 2001. http://www.ibtimes.com/articles/20080513/continental-airlines-cfo-misner-to-retire-aug-31.htm Tue, 13 May 2008 18:41:27 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 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 Southwest Airlines Co. said Monday it borrowed $600 million from Citibank and seven European banks to bolster its cash position in the face of economic uncertainty and soaring fuel prices. http://www.ibtimes.com/articles/20080512/southwest-airlines-borrows-600-million.htm Mon, 12 May 2008 18:53:38 EDT United Airlines spent $540,000 in the first quarter to lobby on federal aviation funding and other issues, according to a disclosure form. The airline lobbied on legislation dealing with funding for the Federal Aviation Administration, pension issues, greenhouse gas emissions, security matters, passenger service and more, according to the form posted online April 18 by the House clerk's office. http://www.ibtimes.com/articles/20080512/united-airlines-spent-540-000-lobbying-in-1q.htm Mon, 12 May 2008 18:06:50 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 Chile-based carrier LAN Airlines SA said Monday its traffic rose 7.8 percent last month as it added capacity and filled more seats. April capacity increased to 6.2 percent, the carrier said. LAN's load factor, a measure of occupancy, increased 1.1 percentage points to 87 percent. http://www.ibtimes.com/articles/20080512/lan-airlines-traffic-rises-7-8-percent-in-april.htm Mon, 12 May 2008 11:08:00 EDT Continental Airlines spent $950,000 in the first quarter to lobby on federal aviation funding and other issues, according to a disclosure form. The airline lobbied on legislation dealing with funding for the Federal Aviation Administration, security matters, customer service commitments, extending a federal war risk insurance program and other issues, according to the form posted online April 21 by the House clerk's office. http://www.ibtimes.com/articles/20080509/continental-airlines-spent-950-000-lobbying-in-1q.htm Fri, 09 May 2008 19:02:17 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 Federal regulators said Thursday they are investigating how an American Airlines jet lost a panel from its belly shortly after taking off from Dallas-Fort Worth International Airport before continuing on across the Atlantic and landing safely in Paris. http://www.ibtimes.com/articles/20080508/american-airlines-plane-lost-panel-in-flight-to-paris.htm Thu, 08 May 2008 13:37:02 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 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 Nearly 30 percent of domestic flights were late or canceled in March, more bad news for an industry plagued with safety concerns and buckling under record fuel costs. http://www.ibtimes.com/articles/20080507/nearly-30-percent-of-flights-in-march-were-late-or-canceled.htm Wed, 07 May 2008 11:40:51 EDT