American Airlines Group Inc. is heading for an annual profit analysts estimate at $3.5 billion, a record for the resurgent U.S. industry, as the carrier reaps merger benefits faster than in rivals’ tie-ups.
Virgin America Inc., the discount carrier partly owned by U.K. billionaire Richard Branson, wants to step up competition with American Airlines Group Inc. and Southwest Airlines Co. on their home turf in Texas.
After reporting its worst quarterly sales drop in almost 15 years, RadioShack Corp. is as good as defaulted in the eyes of credit investors, according to Moody’s Corp.’s capital markets research group.
RadioShack Corp., which announced plans yesterday to shut 1,100 stores after a plunge in sales, agreed to pay its top executives retention bonuses, saying their skills are critical to the company’s comeback plan.
RadioShack Corp., the electronics retailer trying to shake its reputation as a relic, tumbled the most in more than four months after sales missed estimates and the chain announced plans to close about a fifth of its stores.