American Airlines Group Inc. is heading for an annual profit analysts estimate at $3.5 billion, a record for the resurgent U.S. industry, as the carrier reaps merger benefits faster than in rivals’ tie-ups.
Delta Air Lines Inc. led shares of U.S. carriers higher after posting fourth-quarter profit that topped analysts’ estimates and forecasting an operating margin of as much as 8 percent in this year’s initial three months.
American Airlines Group Inc., formed today when AMR Corp. and US Airways Group Inc. combined, is poised to rise on confidence that the world’s largest carrier can avoid the pitfalls that dragged down other mergers.
U.S. Supreme Court justices indicated they may reinforce the airline industry’s shield from passenger lawsuits as they heard the case of a man kicked out of Northwest Airlines’s frequent-flyer program for complaining too much.
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.
Northwest Airlines LLC has agreed to plead guilty and to pay a $38 million criminal fine for its role, through Northwest Airlines Cargo, in a conspiracy to fix prices in the air transportation industry, the U.S. Department of Justice said today in an e-mailed statement.
Airlines will post record earnings next year as a wave of consolidation and streamlining prompted by the global slump helps rein in capacity and support prices, the International Air Transport Association said.