Helane Becker News
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A 1963 Aston Martin like the one James Bond drove in “Goldfinger” began its journey from Frankfurt to New York by being maneuvered into the hold of a Delta Air Lines Inc. jet.
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U.S. government spending on air travel probably fell as much as 30 percent in the past month amid congressionally mandated budget cuts that threaten to keep weighing on the industry, a JPMorgan Chase & Co. analyst said.
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The global trade rebound is pushing shipping lines to rely more on leasing companies such as CAI International Inc. and TAL International Group Inc. for the containers used to transport everything from bananas to blouses.
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For TNT Express NV shareholders pining for a rescue from FedEx Corp. after a scrapped takeover sent the stock reeling to record-low valuations, it could be a long wait.
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Delta Air Lines Inc., bucking an industry slump in cargo shipments, is packing more auto parts, mail and salmon into the bellies of its passenger jets to beat its largest U.S. competitors.
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A combination of AMR Corp.’s American Airlines and US Airways Group Inc. promises to strengthen the U.S. industry’s ability to raise fares as the combined carrier eventually cuts back on flying.
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United Continental Holdings Inc. Chief Executive Officer Jeff Smisek vowed to win back passengers who switched to other airlines in recent months because of chronic tardy flights.
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Delta Air Lines Inc. fell in New York trading after posting a quarterly profit that trailed analysts’ estimates as jet-fuel costs eroded the benefit from rising fares.
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United Parcel Service Inc. will pursue smaller European acquisitions and growth in its own business after its 5.16 billion-euro ($6.9 billion) purchase of TNT Express NV fell apart, people familiar with the matter said.
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Delta Air Lines Inc. may revive its bid to bulk up at New York’s LaGuardia airport after Southwest Airlines Co. , the largest discount carrier, won the right to add service at nearby Newark, New Jersey, three analysts said.
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