United Continental Holdings Inc. fell the most since October 2011 after posting the only first- quarter loss among major U.S. carriers, hampered by severe winter weather that trimmed results by $200 million.
Hertz Global Holdings Inc. won final approval from the U.S. Federal Trade Commission for its $2.3 billion acquisition of Dollar Thrifty Automotive Group Inc., ending an eight-month compliance review of the deal.
Delta Air Lines Inc. strengthened its grip in New York, the nation’s busiest aviation market, by winning federal approval to swap takeoff and landing slots with US Airways Group Inc. to expand at LaGuardia airport.
The U.S. Senate agreed to add 16 daily round-trip flights between Ronald Reagan Washington National Airport and the western U.S., settling a dispute that helped delay an aviation funding bill for more than three years.
The $14 billion merger of US Airways Group Inc. and AMR Corp.’s American Airlines, which the U.S. Justice Department sued to block, would be bad for consumers. You needn’t take the government’s word for it: Just check the market’s reaction.