Latam Airlines Group SA, Latin America’s biggest carrier, rose the most in eight months after Deutsche Bank AG recommended buying the stock and said costs will decline as the company pares an expansion drive.
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
Delta Air Lines Inc. , American Airlines parent AMR Corp. and US Airways Group Inc. posted profits that beat analysts’ estimates, buoyed by rising fares in what may be the industry’s best quarter since 2007.
Sagging cargo shipments in the belly of passenger jets at carriers such as United Continental Holdings Inc. and Delta Air Lines Inc. are stoking concern that the U.S. economy risks a double-dip recession.
Delta Air Lines Inc. said flight cancellations from Hurricane Irene reduced August net profit by $15 million, joining US Airways Group Inc. in kicking off the airline industry’s tally of costs from the storm.