International Business News - NWACQ 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 Northwest Airlines Corp. said Thursday its consolidated June traffic rose 4.4 percent on a jump in international travel. Northwest flew a total of 3 billion revenue passenger miles, up from 2.74 billion in the same month last year. A revenue passenger mile is a unit measuring one paying passenger flown one mile. http://www.ibtimes.com/articles/20080703/northwest-airlines-june-passenger-traffic-rises.htm Thu, 03 Jul 2008 14:51:54 EDT Canada's Jazz Air said Thursday it will cut 270 employees, or about 5.4 percent of its work force, as the regional discount airline operator reduces capacity by 5 percent. http://www.ibtimes.com/articles/20080703/canadas-jazz-air-to-cut-270-employees.htm Thu, 03 Jul 2008 12:22:21 EDT Shares of major airlines declined after the opening bell as oil prices neared $146 a barrel and American Airlines said its June traffic declined. Light, sweet crude for August delivery rose $2.28 to a record $145.85 a barrel in electronic trading on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080703/out-of-the-gate-airlines-decline-on-record-crude.htm Thu, 03 Jul 2008 10:20:01 EDT An alliance between British Airways PLC, American Airlines and Iberia SA should be blocked, competitor Virgin Atlantic Ltd. said on Thursday, amid reports the trio are close to applying for U.S. antitrust immunity to form a trans-Atlantic joint venture. http://www.ibtimes.com/articles/20080703/virgin-objects-to-ba-american-iberia-alliance.htm Thu, 03 Jul 2008 09:57:51 EDT As the airline industry tries to deal with sky-high fuel prices by cutting back on capacity, six Louisiana airports and two in Mississippi are on a list of airports most likely to lose flights, a business travel advocacy group says. http://www.ibtimes.com/articles/20080702/study-8-airports-in-danger-of-losing-service.htm Wed, 02 Jul 2008 17:35:21 EDT The freight cargo unit of Northwest Airlines Corp. said Wednesday it will raise the fuel surcharges it charges customers on July 15, in an effort to partially offset the rising price of jet fuel. http://www.ibtimes.com/articles/20080702/northwest-airlines-cargo-unit-hikes-fuel-surcharge.htm Wed, 02 Jul 2008 15:29:13 EDT A Goldman Sachs analyst downgraded shares of UAL Corp. to "Neutral" from "Buy" on Wednesday, citing their sharp decline and the likelihood that fuel prices will remain elevated. http://www.ibtimes.com/articles/20080702/ahead-of-the-bell-goldman-cuts-ual-to-hold.htm Wed, 02 Jul 2008 08:17:15 EDT Northwest Airlines Corp. pilots stand to get a nearly 2.4 percent equity stake in Delta Air Lines Inc. after the combination of the two companies is completed, according to a summary of a joint contract agreement reached between pilot negotiators from both carriers. http://www.ibtimes.com/articles/20080701/nwa-pilots-to-get-2-4-pct-equity-in-new-delta.htm Tue, 01 Jul 2008 17:59:26 EDT Shares of major airlines declined at market open as oil prices shot past a new record above $143 a barrel. Light, sweet crude for August delivery rose $3.46 to $143.67 a barrel in electronic trading on the New York Mercantile Exchange. Shares of airlines often trade opposite the price of crude because fuel represents one of the industry's biggest costs. http://www.ibtimes.com/articles/20080630/out-of-the-gate-airline-shares-decline.htm Mon, 30 Jun 2008 11:55:29 EDT Leaders in the pilot union at Northwest Airlines Corp. approved a tentative joint contract with Delta Air Lines Inc. to take effect after the two airlines combine. http://www.ibtimes.com/articles/20080627/northwest-pilot-leaders-approve-deal-with-delta.htm Fri, 27 Jun 2008 18:57:55 EDT Standard & Poor's CapitalIQ tracks deal spreads, or the difference between the offer price and the deal's current value. CapitalIQ reports that in June the following five buyouts had the highest spreads, as of June 4. http://www.ibtimes.com/articles/20080626/deltas-northwest-buyout-leads-deal-spreads-list.htm Thu, 26 Jun 2008 14:31:21 EDT Delta and Northwest pilots have agreed to submit to binding arbitration to help them craft an integrated seniority list if the two sides cannot reach a deal on their own within a certain timeframe. http://www.ibtimes.com/articles/20080626/delta-pilot-chief-spells-out-deal-with-nwa-pilots.htm Thu, 26 Jun 2008 14:28:57 EDT Senate Majority Leader Harry Reid, D-Nev., met with the heads of several major airlines to discuss how to bring down fuel costs to avoid spiraling ticket prices and reduced service to Las Vegas and elsewhere. http://www.ibtimes.com/articles/20080625/sen-reid-meets-with-airline-heads-on-fuel-costs.htm Wed, 25 Jun 2008 12:59:34 EDT Airline shares soared Wednesday, lifted by a sharp pullback in oil prices and broad-based gains ahead of the Federal Reserve's afternoon announcement. http://www.ibtimes.com/articles/20080625/sector-snap-airline-stocks-rally-as-oil-tumbles.htm Wed, 25 Jun 2008 12:38:56 EDT Lawmakers continue to blame large investors for their role in propping up oil prices, pointing out Monday that speculation in crude futures has nearly doubled since 2000. http://www.ibtimes.com/articles/20080623/calls-for-crack-down-on-oil-speculation-increase.htm Mon, 23 Jun 2008 17:53:18 EDT At a time when airlines are cutting flights nationwide, service is being added at Bangor International Airport this summer. Delta Air Lines Inc. is adding a daily round-trip flight between Bangor and New York's JFK Airport through Sept. 5. http://www.ibtimes.com/articles/20080620/maine-airport-increases-airline-flight-service.htm Fri, 20 Jun 2008 12:36:56 EDT Continental and United Airlines, which failed to complete talks this spring to become a single carrier, said Thursday they would work together in an alliance they hope will boost revenue to offset rising fuel costs. http://www.ibtimes.com/articles/20080619/continental-united-join-to-fight-rising-fuel-costs.htm Thu, 19 Jun 2008 19:43:34 EDT Delta Air Lines Inc. plans to cut domestic capacity by an extra 3 percent in the second half of this year due to record fuel prices. The Atlanta-based company disclosed its plans in a regulatory filing, and president and chief financial officer Ed Bastian discussed the capacity cuts later Wednesday during the Merrill Lynch Global Transportation Conference in New York that was broadcast on the Internet. http://www.ibtimes.com/articles/20080619/delta-to-cut-more-us-capacity-due-to-fuel-costs.htm Thu, 19 Jun 2008 06:42:49 EDT Government data due out Thursday is expected to show that initial claims filed for unemployment benefits fell last week after jumping in the prior period to the highest level since late March. http://www.ibtimes.com/articles/20080619/ahead-of-the-bell-unemployment-benefits.htm Thu, 19 Jun 2008 06:26:44 EDT A group of airline passengers sought to scuttle Delta Airlines Inc.'s proposed takeover of Northwest Airlines Corp., alleging in a federal lawsuit filed Wednesday that the deal would result in an illegal monopoly. http://www.ibtimes.com/articles/20080618/airline-passengers-sue-to-stop-delta-northwest-deal.htm Wed, 18 Jun 2008 19:01:57 EDT