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.
DLA Piper, the world’s second- largest law firm by revenue, and Jones Day, the top legal adviser on mergers by deal count, said they bid for licenses in Singapore as the Asian city further opens its legal market.
Jagged peaks ringing Colorado’s Copper Mountain turned indigo in the rising sun as Jamie Baker knelt to measure the ski resort’s latest snowfall. The total came to what it’s been too often this season: zero.
JetBlue Airways Corp. fell the most in two months after fourth-quarter profit tumbled 96 percent, more than analysts projected, as superstorm Sandy forced flight cancellations and reduced travel demand.
AMR Corp. Chief Executive Officer Gerard Arpey kept a secret in April as analysts questioned why his turnaround strategies haven’t produced an annual profit at the parent of American Airlines since 2007.
Airplane-leasing billionaire Steven Udvar-Hazy hates to wait. When the chairman and chief executive officer of Air Lease Corp. is ready to take off in his Gulfstream IV jet from Los Angeles’s Van Nuys Airport one August morning, he drives straight up to the plane in his black Volks- wagen Jetta, bounds up the stairway, throws off his suit jacket and hops into the pilot seat.