International Business News - LCC 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 Average domestic airfares rose 4.4 percent in the first quarter of 2008 compared to the same period a year earlier, the government said Wednesday in an analysis that was based on a small sample of itineraries and excluded some high-priced destinations. http://www.ibtimes.com/articles/20080723/government-airfares-in-us-rose-4-4-pct-in-1q.htm Wed, 23 Jul 2008 15:23:57 EDT Among the earnings stories for Tuesday, July 22, from AP Financial News: ATLANTA (AP)--Credit reporting service Equifax Inc. said its second quarter profit rose 1 percent as sales rose 10 percent, led by growth in its international business. Its U.S. consumer business sales fell, struggling in a weak economy. http://www.ibtimes.com/articles/20080722/earnings-roundup-equifax-anixter-international.htm Tue, 22 Jul 2008 19:56:02 EDT THE CHALLENGE: Fuel prices have cooled recently, but they're still sucking profits from the airline industry. Jet fuel rose above $4 per gallon for the first time in the three-month period that ended June 30, almost double its cost during the same period last year. Most carriers have posted big losses this quarter including United parent UAL Corp., American Airlines parent AMR Corp., Delta Air Lines Inc., and US Airways Group Inc. http://www.ibtimes.com/articles/20080722/airlines-earnings-summary-box.htm Tue, 22 Jul 2008 16:17:07 EDT New travel fees mean hundreds of millions of dollars a year for beleaguered airlines, and executives say they need them more than ever as fuel costs continue to suck profits out of the industry. Plane tickets, it seems, now come with only the bare bones promise of getting from Point A to Point B. http://www.ibtimes.com/articles/20080722/airlines-think-cutbacks-could-bring-back-profits.htm Tue, 22 Jul 2008 17:06:03 EDT The losses keep piling up for airlines, as three of the nation's biggest carriers said Tuesday high fuel costs overwhelmed higher revenue in the quarter that ended June 30. http://www.ibtimes.com/data/articleimgs/95613-earns-jet-blue.jpg http://www.ibtimes.com/articles/20080722/more-airlines-report-losses-because-of-fuel-costs.htm http://www.ibtimes.com/articles/20080722/more-airlines-report-losses-because-of-fuel-costs.htm Tue, 22 Jul 2008 11:10:35 EDT US Airways Group Inc. said Tuesday it swung to a huge second quarter loss as it struggled to deal with spiking fuel costs. Results beat Wall Street estimates, however, and US Airways shares jumped $1.29, or 48 percent, to $3.98 in afternoon trading as oil dropped more than $3 a barrel. http://www.ibtimes.com/articles/20080722/us-airways-swings-to-huge-2q-loss-on-fuel-spike.htm Tue, 22 Jul 2008 14:27:53 EDT US Airways Group Inc. says it swung to a huge second quarter loss as it struggled to deal with a spike in fuel costs. For the three months that ended June 30, US Airways said Tuesday it lost $567 million, or $6.16 per share, compared with a profit of $263 million, or $2.77 per share, for the same period last year. http://www.ibtimes.com/articles/20080722/us-airways-swings-to-huge-2q-loss-on-fuel-spike.htm Tue, 22 Jul 2008 08:35:46 EDT Major business events and economic events scheduled for Tuesday: NEW YORK--Treasury Secretary Paulson speaks on markets and the economy. http://www.ibtimes.com/articles/20080721/calendar-of-major-business-events-for-tuesday.htm Mon, 21 Jul 2008 15:22:28 EDT Airline shares gave up much of last week's gains, as oil prices rose a little on Monday and a survey of airline executives showed they have lowered their already-pessimistic profit outlook for the next year. http://www.ibtimes.com/articles/20080721/sector-snap-airlines-shares-drop.htm Mon, 21 Jul 2008 13:30:57 EDT Airline shares gave up much of last week's gains, as oil prices rose on Monday and a survey of airline executives showed their already pessimistic outlook for profits over the next year growing dimmer. http://www.ibtimes.com/articles/20080721/sector-snap-airlines-shares-drop.htm Mon, 21 Jul 2008 13:26:06 EDT A survey released Monday by the International Air Transport Association suggests airline executives have lowered their already-pessimistic views for the industry's profitability over the next year. http://www.ibtimes.com/articles/20080721/iata-survey-air-executives-confidence-declining.htm Mon, 21 Jul 2008 11:16:08 EDT A US Airways Group Inc. spokeswoman says a flight from Louisville, Ky., was diverted to Lexington when the regional jet's cabin didn't properly pressurize. http://www.ibtimes.com/articles/20080721/plane-emergency-landing-interrupts-ohio-air-show.htm Mon, 21 Jul 2008 21:19:09 EDT Major business events and economic events scheduled for the coming week (some dates are tentative): MONDAY, July 21 http://www.ibtimes.com/articles/20080718/business-economic-events-for-the-coming-week.htm Fri, 18 Jul 2008 17:45:02 EDT Not counting those billion-dollar losses, last week wasn't so bad for airlines. American Airlines, Delta Air Lines, and Continental Airlines reported losing a total of almost $2.5 billion during their most recent quarters. But most of the red ink was for accounting charges--$1.2 billion each at American and Delta--not for operating losses. http://www.ibtimes.com/articles/20080718/airlines-results-better-than-expected-so-far.htm Fri, 18 Jul 2008 15:51:15 EDT UAL Corp., the parent of United Airlines, reports its fiscal first-quarter results on Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080718/earnings-preview-united-airlines-expects-2q-loss.htm Fri, 18 Jul 2008 13:52:15 EDT Shares of airlines mostly rose Friday, compounding gains from a three-day rally, as a JPMorgan analyst upgraded United Airlines parent UAL Corp. to "Overweight." http://www.ibtimes.com/articles/20080718/sector-snap-airlines-gain-despite-oil-recovery.htm Fri, 18 Jul 2008 12:41:51 EDT US Airways Group Inc. reports its second-quarter earnings Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080717/earnings-preview-us-airways.htm Thu, 17 Jul 2008 14:39:39 EDT A device to prevent airplane fuel tanks from exploding must be installed on certain passenger jets and cargo planes, federal officials said, 12 years after such an explosion destroyed TWA Flight 800, killing all 230 people aboard. http://www.ibtimes.com/articles/20080717/us-unveils-new-rule-on-airplane-fuel-tanks.htm Thu, 17 Jul 2008 08:57:54 EDT US Airways workers who calculate fuel loads deny a claim that pilots are pressured to carry less fuel as a cost-saving measure. The president of the dispatchers' labor group said Thursday that the charge by pilots is "nothing more than hot air." http://www.ibtimes.com/articles/20080717/us-airways-pilots-were-pressured-to-cut-fuel.htm Thu, 17 Jul 2008 19:22:50 EDT Luggage? Got it. Boarding pass? Check. Ads on boarding pass to help beleaguered airline industry pay for expensive fuel? Check. Several major airlines will begin displaying ads on boarding passes for customers who check in from home. Customers can print the boarding passes without ads if they want. http://www.ibtimes.com/articles/20080715/airlines-to-begin-selling-ads-on-boarding-passes.htm Tue, 15 Jul 2008 09:08:51 EDT