Northwest Airlines News
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Delta Air Lines Inc. said it will cut 230 jobs and trim flights by more than a third in Memphis, Tennessee, after changes in operations failed to make the hub profitable.
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U.S. airlines are poised to go on an international offensive following mergers and job cuts that have delivered leaner companies better able to compete with rivals from Asia and the Middle East, industry group IATA predicts.
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Delta Air Lines Inc. executives said they are optimistic about inclusion in the Standard & Poor’s 500 Index, the benchmark gauge for U.S. equities, as they improve the carrier’s credit profile so it approaches investment grade.
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Pike H. Sullivan, the final chief executive officer of investment firm F. Eberstadt & Co., an early leader on Wall Street in mergers and underwriting, has died. He was 86.
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Delta Air Lines Inc. plans to return $1 billion to investors by repurchasing stock and restarting its dividend after a decade-long break punctuated by bankruptcy and the biggest acquisition in its history.
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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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U.S. airlines, shunned by Warren Buffett for almost 25 years, are now rewarding investors with the biggest returns in more than a decade.
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Northwest Airlines Inc .’s plea agreement over price-fixing in the air-cargo market, requiring the airline to pay a $38 million fine, was approved today by a federal judge.
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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.
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Just as his trial was set to start its second day, Umar Farouk Abdulmutallab yesterday pleaded guilty to all eight charges in the attempted bombing of a Northwest Airlines plane on Christmas Day 2009.
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