Jim Corridore News
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Doug Parker, returning to the carrier where he began his career, has a vision: He sees American Airlines vaulting to the top of the industry’s major financial benchmarks just three years after the merger he orchestrated with US Airways Group Inc.
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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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AMR Corp.’s American Airlines and its pilot union are haggling about pay and flying rules as the two sides bump up against a company goal of getting a contract agreement this week to end talks that began in 2006.
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American Airlines flight attendants authorized their union leaders today to call a strike against the second-largest U.S. carrier if they are freed from further negotiations.
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UAL Corp.’s United Airlines and Continental Airlines Inc. tentatively agreed on an exchange ratio in their all-stock merger of 1.05 shares of UAL for each Continental share, a person with knowledge of the matter said.
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Southwest Airlines Co ., the world’s biggest operator of Boeing Co. 737 jets, may start to expand its aircraft fleet again in 2013 to end its longest no-growth period in 40 years of flying.
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UAL Corp.’s United Airlines and Continental Airlines Inc. are at odds over how to value their planned no-premium stock merger, with negotiations focused on what time period to use for the stock-swap ratio, said three people familiar with the situation.
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A merger between UAL Corp.’s United Airlines and Continental Airlines Inc. would create the largest U.S. carrier on routes across the Atlantic and Pacific where business fliers pay some of the industry’s highest fares.
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A merger between UAL Corp.’s United Airlines and Continental Airlines Inc. would create the largest U.S. carrier on routes across the Atlantic and Pacific where business fliers pay some of the industry’s highest fares.
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A surge in the introduction of new technology products, including Apple Inc.’s iPhone 5, is poised to drive up rates for shipping by plane, benefiting companies from FedEx Corp. to Atlas Air Worldwide Holdings Inc.
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