Norwegian Air tries to raise cash after warning on profits

Europe 01/29/19, 07:57

Norwegian Air Shuttle on Tuesday became the latest budget carrier to cut its earnings outlook amid tough competition and after British Airways' parent company, IAG, ruled out a bid for the loss-making company.Norwegian's CEO, Bjoern Kjos, said the airline "has been through a period with significant growth" that left it ...

Government shutdown strains emerge in US air travel system

Business 01/24/19, 15:07

The strain of a 34-day partial government shutdown is weighing on the nation's air-travel system, both the federal workers who make it go and the airlines that depend on them.Air traffic controllers and airport security agents continue to work without pay — they will miss a second biweekly paycheck on ...

Drone sighting over New Jersey raises concern for aviation

Business 01/23/19, 16:05

The ability of drones to interfere with airliners — and inconvenience their passengers — has now been demonstrated on two continents, and the problem is likely to get worse as the number of small, unmanned devices multiply.Law enforcement authorities are trying to figure out who flew a drone so high ...

Newark operations resume after drone reports halt arrivals

U.S. 01/22/19, 20:06

Flight arrivals at Newark Airport were briefly suspended Tuesday evening after a drone was spotted over another nearby airport, officials said, in the latest incident of the unmanned aircraft affecting commercial air travel.At about 5 p.m., the Federal Aviation Administration received two reports from flights headed to Newark that they ...

Ryanair lowers profit forecast amid tough competition

Europe 01/18/19, 05:43

Budget airline Ryanair, Europe's biggest carrier by passengers, has warned its profits will be lower than expected — the second such downgrade in four months — because of weaker fares over the winter.The company said Friday it expects full-year profit of between 1 billion euros and 1.1 billion euros, down ...

United Airlines posts smaller profit but tops expectations

Business 01/15/19, 18:14

United Airlines reported Tuesday that its fourth-quarter profit slipped 20 percent due to higher fuel and labor costs, but its profit and revenue both beat analysts' expectations.Shares of United's parent rose in after-hours trading.United is adding seats faster than its rivals Delta and American, but it has filled most of ...

Strike by German airport security staff causes travel chaos

Europe 01/15/19, 05:39

A strike by security staff at eight German airports on Tuesday is causing travel chaos for tens of thousands of travelers.The ver.di union called on staff at airports including Frankfurt, Hamburg, Hannover and Bremen to walk off the job between 2 a.m. and 8 p.m. local time (0100 and 1900 ...

Cargo plane crash in Iran kills 15, leaves 1 survivor

World 01/14/19, 06:19

A decades-old Iranian Boeing 707 military cargo plane reportedly carrying meat from Kyrgyzstan crashed on Monday while trying to land west of Iran's capital, killing 15 people on board and leaving a sole survivor, authorities said. The aircraft, which bore the paint scheme of the Iranian air force's Saha civilian airline, ...

Stocks turn higher after early slide; Macy’s nosedives

Business 01/10/19, 12:12

After a shaky start, U.S. stocks are mostly higher at midday Thursday as industrial companies, utilities and household goods makers rise. The S&P 500 is on track for its fifth consecutive gain.U.S. and Chinese officials wrapped trade talks in Beijing without a significant breakthrough. Retailers sank after Macy's said its ...

American Airlines shares tumble on more cautious 4Q outlook

Texas 01/10/19, 11:51

Airline stocks are falling as American Airlines says fourth-quarter revenue and full-year profit will be lighter than expected.American's stock fell 10.9 percent before partially recovering.American said Thursday that revenue for each seat flown one mile, a measure of pricing power, will rise about 1.5 percent over the previous fourth quarter. ...

Air travelers start to feel effects of government shutdown

U.S. 01/08/19, 03:14

The partial government shutdown is starting to affect air travel. Over the weekend, some airports had long lines at checkpoints, apparently caused by a rising number of security officers calling in sick while they are not getting paid. Safety inspectors aren't even on the job. A Federal Aviation Administration spokesman said Monday ...

Herb Kelleher, co-founder of Southwest Airlines, dies at 87

Business 01/03/19, 19:46

Not many CEOs dress up as Elvis Presley, settle a business dispute with an arm-wrestling contest, or go on TV wearing a paper bag over their head. That's Herb Kelleher. Herb Kelleher did all those things. Along the way, the co-founder and longtime leader of Southwest Airlines also revolutionized air travel by ...

Disappointing outlook from Delta drags down airline stocks

Business 01/03/19, 18:10

Airlines stocks were pummeled Thursday after Delta Air Lines Inc. trimmed its revenue forecast for the fourth quarter, renewing investors' fears that airlines will squander the savings they are reaping from the recent drop in fuel prices.Delta shares plunged nearly 9 percent, their worst one-day showing since 2012, to close ...

Markets Right Now: Stocks slide after Apple sees China slump

Business 01/03/19, 11:56

The latest on developments in financial markets (all times local):11:45 a.m.Stocks went into a steep slide after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company.The rare warning of disappointing results from Apple sent a shudder through markets Thursday and ...

In a plot twist, Spirit tops US airlines in on-time arrivals

Business 12/14/18, 17:43

Spirit Airlines tops the latest ratings for on-time flights, a big turnaround for a discount carrier that consistently ranked as the tardiest airline in America three years ago.Spirit also has the second-lowest rate of canceled flights in the latest government report.It still has a high rate of passenger complaints, and ...

German strike: 14 Eurowings flights canceled at Duesseldorf

Europe 11/20/18, 04:25

Budget airline Eurowings says 14 flights were canceled at Duesseldorf airport in western Germany after flight attendants started a temporary strike over working conditions.German news agency dpa reported that flights were canceled Tuesday for eight hours until 12:30 p.m. local time (1130 GMT). Flight attendants are demanding, among other things, ...

NTSB to probe fatal engine failure on Southwest flight

U.S. 11/14/18, 11:57

There was a loud bang, and suddenly the Southwest Airlines jet rolled 41 degrees to the left. Smoke began to fill the cabin, and flight attendants rushed row by row to make sure all passengers could get oxygen from their masks.When flight attendant Rachel Fernheimer got to row 14, she ...

Lion Air crash renews concerns about Indonesia airlines

Europe 10/29/18, 16:37

The deadly crash of a Lion Air jet in the Java Sea has renewed questions about the safety of Indonesian airlines soon after U.S. and European regulators removed prohibitions against them.A growing middle class and affordable fares have led to a boom in air travel in Asia, putting pressure on ...

Indonesian airline whose plane crashed a low-cost high flyer

World 10/29/18, 02:01

Lion Air, the airline whose plane crashed early Monday while traveling from Jakarta to an island off Indonesia's Sumatra with 188 people on board, is a fast-growing low cost airline with a mixed safety record.The privately-owned carrier was founded in 1999 to provide access to air travel to everyone. It ...

High fuel costs cut sharply into American Airlines profit

Business 10/25/18, 08:51

Higher fuel costs slashed third-quarter profit at American Airlines by nearly half, and the company says it is responding by growing more slowly and cutting unprofitable flights.The shares are climbing in trading before Thursday's opening bell.American Airlines Group Inc. earned $341 million, down 48 percent from a year ago.Excluding non-recurring ...

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