Ray Neidl News
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The tie-up of AMR Corp.’s American Airlines and US Airways Group Inc. will create a carrier with more trans-Atlantic routes, a broader network along the U.S. East Coast and the biggest frequent-flier program.
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The merger of AMR Corp.’s American Airlines and US Airways Group Inc. unites carriers whose paths diverged after their creation during the early days of U.S. air- mail flights.
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United Continental Holdings Inc. and Southwest Airlines Co. outperformed analysts’ bottom-line estimates in the fourth quarter amid steadying costs for fuel, their biggest expense.
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AMR Corp. debt rose to the highest price in more than 16 months after pilots from its American Airlines unit and US Airways Group Inc. joined talks to evaluate a possible merger, boosting the likelihood that the carriers will combine.
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Delta Air Lines Inc. flight attendants’ vote to reject union representation may be nullified by a U.S. labor board controlled by Obama administration appointees, according to a senator and an analyst.
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For buyers seeking to capitalize on the airline industry’s shift away from buying planes, no aviation-leasing company is cheaper than AerCap Holdings NV.
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Delta Air Lines Inc. and US Airways Group Inc. beat analysts’ second-quarter profit estimates as fare increases helped the carriers reap more revenue from each passenger.
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American Airlines parent AMR Corp. tumbled the most since 2003, triggering automatic trading halts, on growing concern the third-largest U.S. carrier may be forced to seek bankruptcy protection.
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Tom Horton knows how to help dress up a broken company and make it a powerhouse again.
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AMR Corp.’s American Airlines was denied approval from a federal bankruptcy judge to cancel its pilot contract and impose cost reductions after the union refused to accept concessions.
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