Michael Derchin News
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Boeing Co. lost an order of five 747-8 jumbo-jet freighters with a value of $1.76 billion less than a month after cutting production of the plane because of flagging demand for its biggest, most-expensive model.
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Delta Air Lines Inc. and US Airways Group Inc. posted profits that beat analysts’ estimates in the first quarter, traditionally the industry’s weakest period, as they filled more seats on planes.
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Boeing Co.’s 787 Dreamliner is nearing the end of a three-month grounding, with U.S. regulators ready to approve proposed changes to its lithium-ion batteries, according to people briefed on the decision.
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Boeing Co. investors are betting that the 787 Dreamliner’s grounding is nearing an end, which would allow the planemaker to resume deliveries and reap cash from its marquee 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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Delta Air Lines Inc. , the world’s largest carrier, fell the most in two months in New York trading after its operating margin forecast missed some analysts’ estimates.
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Delta Air Lines Inc. and American Airlines parent AMR Corp. may help U.S. carriers report their biggest profit in three years this week, buoyed by higher fares and fuller planes.
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Delta Air Lines Inc. and UAL Corp. ’s United Airlines may lead U.S. carriers to the first quarterly profit in two and a half years as the industry benefits from cutting seats during the recession.
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United Airlines parent UAL Corp. and Continental Airlines Inc. led an industry index to its biggest advance since February after Continental beat analysts’ estimates for monthly unit revenue.
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Boeing Co. Chief Executive Officer Jim McNerney has thrown himself into the investigation of the company’s grounded 787 Dreamliner, conferring at least twice a day with a half-dozen top executives.
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