U.S. carriers United Airlines and AirTran posted better-than-expected quarterly results on Wednesday, citing improving revenue trends aided in part by returning business travelers.
United Airlines parent UAL Corp posted a smaller-than-expected quarterly loss as it cut costs to cope with declining travel demand and said revenue trends continued to improve, sending its shares up more than 3 percent.
Delta Air Lines Inc said on Monday it plans to invest $1 billion over the next few years to upgrade its aircraft and enhance airport lounges.
Continental Airlines posted a surprise quarterly profit on Thursday and said travel demand, especially from lucrative business travelers, was improving modestly.
U.S. airlines, set to start reporting quarterly losses next week, are likely to offer more evidence of returning business travel demand as the industry gropes its way out of the 2009 economic recession.
Award-winning television producer David Gerber, who worked on a range of programs from series like 1970s hit Police Woman to 2006 TV movie Flight 93, has died at age 86, his spokesman said on Tuesday.
Airlines shares were broadly lower on Monday after a Nigerian man was charged with trying to blow up a Northwest Airlines plane on Christmas Day.
Major U.S. airlines have mounted a legal challenge to European Union regulations that would cap allowable jetliner emissions and force carriers to pay up for exceeding limits.
UAL Corp , parent of United Airlines, on Thursday said it expects its consolidated passenger unit revenue to be down between 6.25 percent and 7.25 percent in the fourth quarter.
The outlook for business travel continues to improve as companies gain more confidence in a global economic recovery, United Airlines' top executive said on Wednesday.
The world's airlines are set to lose $5.6 billion next year, far more than previously estimated, with a rebound in passenger and air cargo demand only partly compensating for rising fuel costs, industry group IATA said.
The United States and Japan reached a landmark aviation agreement on Friday, a deal that eases barriers to passenger and cargo services and opens up the possibility for stronger alliances, officials said.
The contract with UAL Corp's United Airlines could boost ExpressJet Holdings Inc's revenue by 10 percent, the regional airline's outgoing CEO said on Tuesday.
Taking advantage of down market prices, United Airlines said on Tuesday it placed a $10 billion-plus order for 50 wide-bodied jetliners divided between Airbus and Boeing Co , in a bid to slash fuel costs and emissions.
United Airlines looked set on Tuesday to place a $10 billion-plus order for mid-sized wide-bodied jets that includes 25 A350 planes from European planemaker Airbus , industry sources said.
CHICAGO (Reuters) - U.S. airline stocks surged on Friday on a stronger-than-expected U.S. jobs report that could signal an economic rebound and subsequently spur passenger traffic.
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Japan's All Nippon Airways said it and fellow StarAlliance members United Airlines and Continental Airlines plan to apply for antitrust immunity to allow closer cooperation on transpacific routes.
Passenger demand in October rose 0.5 percent from a year ago, while air freight fell 0.5 percent, International Air Transport Association data showed on Monday.
United Airlines has suspended a pilot who was arrested in London on suspicion that he was about to fly a Boeing 767 with 124 passengers while drunk, the airline said on Tuesday.
Traffic for the top three U.S. airlines slumped in October, but load factors for most of the nine largest carriers rose and the decline in unit revenue showed signs of slowing down.
Continental Airlines Inc, the world's fifth-largest airline, joined the Star Alliance on Tuesday, becoming one of the top dogs in this network of 25 global carriers.
