Dan McKenzie News
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U.S. airlines, shunned by Warren Buffett for almost 25 years, are now rewarding investors with the biggest returns in more than a decade.
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US Airways Group Inc. rose to the highest price since 2008 after pilots at bankrupt American Airlines rejected a final contract offer, a move that may boost odds of the two companies merging.
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US Airways Group Inc.’s merger talks with bankrupt American Airlines are intensifying as the sides try to agree on control of a combined company before confidentiality accords expire next week, people familiar with the matter said.
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U.S. carriers led by United Continental Holdings Inc. are shielding their lucrative trans- Atlantic business from the worst of Europe’s economic slump, after shrinking the supply of seats to support higher fares.
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AMR Corp.’s board may need to weigh a bankruptcy filing after a second round of stepped-up talks with American Airlines pilots failed to produce an agreement on a new, cost-saving contract.
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Delta Air Lines Inc. moved ahead of UAL Corp.’s United Airlines and other competitors by offering a fare sale to help fill its planes this fall, when demand traditionally slows.
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United Continental Holdings Inc. fell the most in four months in New York trading, leading other airlines lower, after reporting that revenue growth slowed this quarter.
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Rising prices for AMR Corp. bonds are pointing toward success for US Airways Group Inc. in its push to merge with the American Airlines parent and create the world’s largest carrier.
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AMR Corp.’s American Airlines, saddled with the U.S. industry’s highest labor costs, now faces contract negotiations stalled so badly that federal mediators have walked away from the talks.
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United Continental Holdings Inc. and AMR Corp.’s American Airlines suspended most flights to and from the New York area tomorrow and into the next day as a winter storm approached the northeast U.S.
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