United Airlines and US Airways Group Inc are in advanced merger talks prompted by Continental Airlines Inc's decision this weekend to cancel similar talks with UAL, according to media reports.
Delta and Northwest Airlines shares fell on Tuesday after the Justice Department said it is interested in examining the proposed merger between the two companies, a deal some lawmakers say will tamper with competition.
Delta Air Lines Inc. and Northwest Airlines Corporation officially confirmed it agreement to merge the two carriers, creating America's premier global airline, with a combined enterprise value of $17.7 billion.
Delta Air Lines and Northwest Airlines are close to announcing a merger agreement as early as Tuesday, according to reports. The proposed deal would create the world's largest carrier, surpassing AMR Corps's American Airlines, and possibly prompt a series of other mergers that could reshape the U.S.
AMR Corp., parent of delay-riddled American Airlines, joined other major U.S. carriers on Friday in a move to increase its ticket prices.
American Airlines, the world's largest carrier, said it was canceling as many as 500 flights on Tuesday, and possibly Wednesday, as the airline struggles with further government inspections of its MD-80 aircrafts.
Continental Airlines, which is currently in talks to combine with the parent company of United Airlines, is also discussing options with the parent of American Airlines, according to a report.
US and Australia started talks on Tuesday, in Washington, in an effort to provide cheaper flights across the trans-pacific route.
United Airlines said on Friday that parent UAL Corp will pay shareholders $2.15 per share in a special payout totaling $250 million, marking a rare move by an airline to reward investors.
Consolidation for the U.S. Airline Industry should happen before the end of the Bush administration, UAL Corp's CFO says.
Hedge fund Pardus Capital Management LP, lobbying for a merger between Delta Air Lines Inc and UAL Corp, plans to pitch its proposal to other investors on Friday, sources close to the situation told Reuters.
Hedge fund Pardus Capital Management LP, lobbying for a merger between Delta Air Lines Inc and UAL Corp, plans to pitch its proposal to other investors on Friday, sources close to the situation told Reuters.
United Airline announced on Tuesday its plans to start daily nonstop flights from San Francisco to Guangzhou, China.
Boeing Co on Wednesday pushed back first deliveries of its 787 Dreamliner by at least six months as it struggles to assemble the new lightweight, carbon-composite plane. The delay is an embarrassing setback for Boeing, which has for months insisted it would meet its delivery timetable, and mirrors delays suffered by rival Airbus on its A380 superjumbo.
Plane maker Boeing Co said on Monday it still expected to deliver its first lightweight 787 Dreamliner aircraft on time by May 2008, despite delays to its test flight schedule.
The upstart airline has halved ticket prices on some routes and could impact rivals' profits.
Boeing Co said on Tuesday that China will require 3,400 new airplanes worth about $340 billion over the next 20 years, raising its forecast for the country's booming aviation arena.
Hotels and airlines are bracing for softer demand as the economy shows signs of slowing, but the pain may not hit the travel industry for months.
UAL Corp., parent of No. 2 U.S. carrier United Airlines, on Tuesday said its quarterly profit more than doubled as it controlled costs during the strong summer travel season.
UAL Corp's United Airlines will ramp up its efforts to lure well-heeled business travelers by adding fully reclining seats to its international business-class cabins, the company said on Monday.
September 11 victims who sued airlines and their security contractors will have their cases heard for the first time almost six years after the hijacked plane attacks on the United States, a federal judge has ruled.
Airline unions, still nursing wounds after a bruising six-year clash with cash-strapped carriers, are getting ready to reclaim lost wages and benefits for workers, as well as some lost clout for themselves.