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US Air Posts Quarterly Loss On High Fuel Bill |
[ 2008-07-22 23:49:23 ] |
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| US Airways posted a quarterly loss on Tuesday, reversing a year-earlier profit, on high fuel prices. The carrier said its second-quarter net loss amounted to USD$567 million, compared with a profit o... |
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Pilot Strike Hits Hundreds Of Lufthansa Flights |
[ 2008-07-22 23:49:22 ] |
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| Lufthansa cancelled almost 1,000 regional flights at subsidiaries Eurowings and CityLine as pilots walked out in a pay dispute. On Tuesday alone, 465 flights were scrapped, a Lufthansa spokesman said... |
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UAL Posts Loss On Fuel, Ramps Up Downsizing |
[ 2008-07-22 23:49:21 ] |
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| United Airlines parent, UAL, on Tuesday posted a steep quarterly loss on high fuel prices and said it would eliminate nearly 13 percent of its work force as part of a major downsizing. The job cuts a... |
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Legislation limits aviation inspector moves |
[ 2008-07-22 23:47:39 ] |
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| Federal aviation inspectors would have to wait two years before taking airline jobs where they deal with their old government boss under legislation passed by the House Tuesday. |
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Hope for Airlines amid Misery |
[ 2008-07-22 23:41:33 ] |
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| Continued hemorraghing of red ink today from airlines. Three big ones, United, US Airways and JetBlue, all swung to losses in the second quarter because of high fuel costs. |
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UAL, US Airways Lead Surge in Airlines |
[ 2008-07-22 23:39:43 ] |
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| Airline shares rocketed higher Tuesday, even before US Airways LCC CEO Doug Parker said the industry could be profitable in 2009. |
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Garuda Indonesia Flight 200 |
[ 2008-07-22 21:07:03 ] |
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| Tuesday, July 22, 2008 The trial of Captain Marwoto Komar is set to begin this week. The first pilot to be prosecuted over an aircraft accident in |
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Qantas says Air NZ is on buyout radar |
[ 2008-07-22 20:50:59 ] |
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| Working out the tax take Qantas Airways chief executive Geoff Dixon has tipped the global aviation industry to consolidate into a few, very large players as carriers struggle to cope with higher fuel ... |
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Airlines think cutbacks could bring back profits |
[ 2008-07-22 20:49:38 ] |
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| News ), for example, expects to raise an additional $400 million to $500 million annually, up $100 million from earlier estimates.The Tempe, Ariz.-based carrier has been more creative than others when... |
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Lawmaker wants no guns at airports, cites Ga. law |
[ 2008-07-22 20:41:44 ] |
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| By BEN EVANSASSOCIATED PRESS WRITER WASHINGTON -- The chairman of the House Homeland Security Committee says he might pursue new gun restrictions in response to a recently enacted Georgia law that ... |
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Hope for Airlines amid Misery |
[ 2008-07-22 19:52:06 ] |
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| Continued hemorraghing of red ink today from airlines. Three big ones, United, US Airways and JetBlue, all swung to losses in the second quarter because of high fuel costs. From an investor standpoint... |
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US stocks post late rally as airlines surge |
[ 2008-07-22 19:51:18 ] |
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| New York - A late-day rally led US stocks higher on Tuesday amid some assurances from the financial world, while lower oil prices helped US airlines to record gains. Shares in UAL Corp, parent company... |
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United, US Airways, JetBlue post losses on fuel woes |
[ 2008-07-22 19:51:12 ] |
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| By Kyle PetersonCHICAGO (Reuters) - Three major U.S. airlines reported losses on Tuesday, sapped by soaring fuel costs, but stocks in the sector rose sharply as investors hoped falling crude oil price... |
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Ricci Back in Left Seat at Flight Options |
[ 2008-07-22 19:51:08 ] |
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| Cleveland-based fractional provider Flight Options yesterday named Kenn Ricci chairman and Mike Silvestro CEO, replacing former CEO S. Michael Scheeringa. The move had been rumored for weeks and might... |
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Pilot Error, Weather Eyed in Korean S-92 Crash |
[ 2008-07-22 19:51:02 ] |
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| A botched emergency landing instigated by bad weather appears to have brought down a twin-engine Sikorsky S-92A carrying the 88-year-old Rev. Sun Myung Moon and 15 others. The medium-twin helicopter c... |
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Pilot Error, Weather Eyed in... |
[ 2008-07-22 19:50:58 ] |
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| A botched emergency landing instigated by bad weather appears to have brought down a twin-engine Sikorsky S-92A carrying the 88-year-old Rev. Sun Myung Moon and 15 others. The medium-twin helicopter c... |
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Ricci Back in Left Seat at... |
[ 2008-07-22 19:50:23 ] |
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| Cleveland-based fractional provider Flight Options yesterday named Kenn Ricci chairman and Mike Silvestro CEO, replacing former CEO S. Michael Scheeringa. The move had been rumored for weeks and might... |
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Boeing to buy Insitu |
[ 2008-07-22 19:46:54 ] |
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| ST. LOUIS — Boeing said today that it will acquire aircraft design and development company Insitu for undisclosed terms to help boost its presence in the unmanned systems market. Insitu —... |
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United Parent Reaches Deal To Boost Liquidity |
[ 2008-07-22 19:36:56 ] |
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| United Airlines parent UAL said on Tuesday it reached an agreement in principle with a frequent flyer miles partner and a credit card processor that will increase the airline's liquidity by USD$1.2 bi... |
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EU Proposes Ending Bulgarian Airline Restrictions |
[ 2008-07-22 19:36:54 ] |
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| The European Commission proposed lifting restrictions on airlines based in European Union member Bulgaria on Tuesday, allowing carriers there to offer a full service across the EU. EU restrictions we... |
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ADP Wins USD$140 Mln Saudi Airport Deal |
[ 2008-07-22 19:36:54 ] |
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| France's main airports operator, Aeroports de Paris, said on Tuesday it had won a USD$140 million contract to help develop Saudi Arabia's King Abdulaziz Airport. ADP shares closed down 1 percent at 5... |
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Toddler left at airport due to Qantas rules |
[ 2008-07-22 19:31:12 ] |
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| A two-year old baby girl was left at Christchurch Airport over the weekend when Qantas regulations saw her separated from her older brother, reports local media. Hamish, 14, and Montana-Rose, 2 year... |
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Airlines think cutbacks could bring back profits |
[ 2008-07-22 17:19:24 ] |
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| PHOENIX (AP) - 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 ... |
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More Turbulence for United, US Airways |
[ 2008-07-22 17:19:00 ] |
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| (Tim Boyle/Getty Images) United reported a loss of $2.7 billion for the June-ending second quarter, while US Airways' losses were $567 million. Excluding special items, United suffered a $151 milli... |
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US Airline Companies Plan Cuts |
[ 2008-07-22 16:59:36 ] |
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| The U.S. airline industry is ramping up cost-cutting efforts to deal with skyrocketing fuel prices. Nearly all the major U.S. carriers have announced major job cuts this year. But airline representati... |
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French airports group ADP wins $140mn Saudi deal |
[ 2008-07-22 16:53:18 ] |
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| France's main airports operator, Aeroports de Paris, said on Tuesday it had won a $140 million contract to help develop Saudi Arabia's King Abdulaziz International Airport. |
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More airlines report losses because of fuel costs |
[ 2008-07-22 16:52:41 ] |
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| 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.UAL Corp.'s ( |
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American Airlines drops trademark lawsuit against Google |
[ 2008-07-22 16:35:01 ] |
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| Google Inc. , which claimed the Internet company used the airline's trademark to trigger paid advertisements for other companies. In identical e-mail statements, American and Google said they have res... |
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Airline Stocks Take Off Amid Losses, Deep Cuts |
[ 2008-07-22 16:16:33 ] |
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| Of DOW JONES NEWSWIRES Three U.S. airlines on Tuesday said continued losses as a result of high jet-fuel costs will force them to make aggressive cuts in service this year and into 2009. Overall... |
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Will Greener Planes Fly |
[ 2008-07-22 15:44:54 ] |
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| 787 Dreamliner , which the company hopes to have in the air by the end of next year.But even if airlines could magically replace their entire fleets with these new planes tomorrow, they'd still be in ... |
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India May Need 1,001 New Aircraft By 2027 |
[ 2008-07-22 15:38:29 ] |
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| statement said. "Commercial airplanes in the 100-400 seat categories will account for the vast majority of growth in air travel over the next 20 years, and airlines will accommodate that growth by a... |
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American Airlines and Google settle lawsuit |
[ 2008-07-22 13:47:51 ] |
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| American Airlines has dropped its lawsuit against Google Inc. over its search engine directing some users to advertisements for the airline's competitors. |
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Nearly 1,000 Lufthansa flights grounded by warning strike |
[ 2008-07-22 13:17:12 ] |
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| German flag carrier Lufthansa was forced Tuesday to cancel nearly 1,000 flights due to 'warning strikes' by pilots working for two of its units, an airline spokeswoman said. She said 464 of 725 schedu... |
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Airline shares climb on oil prices, UAL, JetBlue results |
[ 2008-07-22 12:47:25 ] |
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| ) rose 1.5% to 17.31 points with 11 of its 14 components in the green. Crude oil for August delivery, which expires Tuesday, fell $1.50 to $129.54 a barrel in electronic trading on Globex. UAL and J... |
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US Airways, JetBlue swing to quarterly losses |
[ 2008-07-22 12:47:15 ] |
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| NEW YORK (MarketWatch) -- US Airways and JetBlue on Tuesday reported they swung to second-quarter losses as jet fuel costs more than offset an increase in revenue. |
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Airline fuel woes deepen, shares soar on oil dip |
[ 2008-07-22 12:44:52 ] |
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| By Kyle PetersonCHICAGO (Reuters) - A quick look at U.S. airline shares on Tuesday showed double-digit oil-inspired gains across the board, but three gloomy earnings reports underscored the havoc that... |
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US Airways swings to huge 2Q loss on fuel spike |
[ 2008-07-22 12:42:40 ] |
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| By CHRIS KAHNAP BUSINESS WRITER PHOENIX -- 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 Jun... |
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United Arab Emirates airline orders 45 Boeings |
[ 2008-07-22 12:38:08 ] |
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| Fortune 500 ) 787 aircraft and 10 Boeing 777-300ER.Etihad, the national airline of the United Arab Emirates, is also placing options for another 25 Boeing 787s and 10 Boeing 777s.Aircraft deliveries w... |
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United Airlines Loses $2.7 Billion In 2nd Quarter |
[ 2008-07-22 12:35:13 ] |
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| MINNEAPOLIS (AP) ― United Airlines parent UAL Corp. said Tuesday it lost $2.73 billion in the second quarter on a combination of accounting charges and high fuel prices. The company said it wo... |
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More airlines fold as fuel bills soar |
[ 2008-07-22 12:24:06 ] |
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| July 9, 2008 By Hui Min Neo Geneva - Twenty-five airlines went bankrupt or stopped operations in the first six months of this year and more could fold as fuel prices soar, according to the Internation... |
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United Airlines to slash 7,000 jobs by 2009 |
[ 2008-07-22 11:55:01 ] |
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| UAL's United Airlines, one of the world's largest carriers, said Tuesday that it would cut more than 7,000 jobs by the end of 2009 to stem losses from record fuel bills. The reductions cons... |
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Midwest Airlines Will Maintain Tampa Service |
[ 2008-07-22 07:47:14 ] |
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| TAMPA - Milwaukee-based Midwest Airlines said Monday it would retain service at Tampa International Airport but eliminate flights beginning Sept. 8 at Fort Lauderdale and Fort Myers. The carrier also... |
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Pilots union announces Lufthansa strikes |
[ 2008-07-22 07:31:50 ] |
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| F RANKFURT, Germany - The airline pilots’ union Cockpit on Tuesday announced another series of walkouts at the airlines Eurowings and Lufthansa CityLine. In a statement, the union said it had c... |
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Strikes hit German domestic airlines |
[ 2008-07-22 06:07:33 ] |
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| Berlin - A pilots' union in Germany called a sudden strike Tuesday to disrupt the air-passenger operations of two Lufthansa domestic subsidiaries and back up demands for a big hike in pay. There was o... |
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Argentina buys back airline |
[ 2008-07-22 03:23:51 ] |
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| Argentina's government is to buy back troubled Aerolineas Argentinas and its subsidiary Austral from a Spanish travel conglomerate.The struggling company, which was privatised in 1991, returns to the ... |
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Planes in Ky., Wis. diverted over pressure issues |
[ 2008-07-22 03:19:41 ] |
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| THE ASSOCIATED PRESS LEXINGTON, Ky. -- 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. T... |
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Boeing Throws Its Weight Behind Algae |
[ 2008-07-22 03:00:51 ] |
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| jet fuel topped $150 a barrel last week, a body blow to an industry that uses 5 million barrels of it a day - and increasing pressure to reduce emissions, Boeing is getting serious about algae. &quot... |
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River of red ink expected at United |
[ 2008-07-22 02:47:07 ] |
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| When United Airlines ' parent UAL Corp. reports second-quarter results Tuesday morning, one thing is certain: they will be deeply in the red. |
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Planes start flying out of NAIA 3 for 1st time |
[ 2008-07-22 02:39:49 ] |
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| FIRST TAKE-OFF. The Cebu Pacific Airline bound for Caticlan, Aklan, takes off from the runway of NAIA Terminal 3 on Tuesday. Cebu Pacific is the first airline company to use the new terminal. Video ta... |
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Northwest Jet Makes Safe Emergency Landing In Wis. |
[ 2008-07-22 02:31:39 ] |
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| A Northwest Airlines jetliner heading to Chicago made a safe emergency landing in Wisconsin on Monday after the pilot reported a pressurization problem, an airline spokesman said. |
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Qantas chief tips 100,000 aviation jobs will go |
[ 2008-07-22 02:11:28 ] |
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| The chief executive of Qantas, Geoff Dixon, says the global aviation industry is likely to shed 100,000 jobs in the next six months. Mr Dixon has told a business lunch in Sydney that high oil prices ... |
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