U.S. airlines focus on investor returns as industry profits

Reuters  2014-07-24 16:38:40

(Reuters) - Major U.S. airlines posted earnings gains on Thursday, aided by higher airfares and summer demand, and the two largest carriers announced moves to return more cash to investors.

Air Algerie: MD-83 appears to have crashed in Mali

Air Transport World  2014-07-24 16:06:00

A Boeing MD-83, chartered by Air Algerie from Spanish company Swiftair, appears to have crashed in Mali with 110 passengers and six crew members on board.read more

Air Algerie flight AH5017 ?crashes in Mali?

Breaking Travel News  2014-07-24 15:52:06

An Air Algerie flight with 116 people on board is believed to have crashed in Mali after disappearing from radar earlier today. Travelling from Burkina Faso to Algiers, the national airline of Algeria ...

Airline Fatalities Worst Since 2010

The Wall Street Journal  2014-07-24 15:46:32

Commercial aviation is in the middle of its deadliest year since 2010, with the recent spate of air disasters making an abrupt break from three straight years of decline in airplane fatalities.

34.67m travel through Dubai International in first six months

gulfnews.com  2014-07-24 15:39:47

Dubai airport handled 34.67 million passengers in the first six months of the year, a growth of 6.2 per cent

American, United Launch Buybacks

The Wall Street Journal  2014-07-24 15:20:20

The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the ...

Iberia pilots and ground staff agree to job cuts

Air Transport World  2014-07-24 14:33:00

Unions representing Iberia?s pilots and ground staff have approved a proposal covering up to 1,427 voluntary redundancies, which will be rolled out over the period to December 2017.read more

What's a pilot to do over a war zone?

CNN  2014-07-24 14:04:53

Checking the weather display for our departure from JFK Airport in New York to London's Heathrow Airport, an awkward blob of green, yellow, and red is sprawled diagonally across most of the New England ...

Southwest doubles 2Q net profit; exceeds ROIC target

Air Transport World  2014-07-24 13:33:00

Southwest Airlines posted a net profit of $465 million for the second quarter, more than doubling net income of $224 million in the prior-year quarter, and exceeded its pre-tax return on invested capital ...

Do low-cost and hybrid carrier models have an expiry date?

PR Newswire  2014-07-24 13:27:00

Quarterly Report on the Business Model Life Cycles of Commercial AirlinesMONTREAL and SINGAPORE, July 24, 2014 /PRNewswire/ - Millennium Aviation, Inc. has released its new quarterly report on the health ...

American Airlines Profit Climbs

The Wall Street Journal  2014-07-24 13:26:06

American Airlines Group said it posted the highest quarterly profit in the company's history on increased revenue, and unveiled a capital deployment plan.

Southwest Airlines Recognizes Employees With Cash Award

PR Newswire  2014-07-24 13:20:00

DALLAS, July 24, 2014 /PRNewswire/ -- Southwest Airlines (NYSE: LUV) announced today it will recognize Southwest and AirTran Employees with a one-time cash award of $200 each as a thank you for all their ...

Southwest Airlines Profit Surges, Beats Expectations

The Wall Street Journal  2014-07-24 13:08:53

Southwest Airlines Co. said its second-quarter earnings more than doubled as the carrier reported higher passenger revenue and lower fuel costs.

Airbus A350 XWB begins final certification phase

Air Transport World  2014-07-24 13:07:00

The Airbus A350-900 has begun route proving flights, the final stage toward certification. read more

Southwest Airlines Reports Record Quarterly Profit

PR Newswire  2014-07-24 12:30:00

DALLAS, July 24, 2014 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2014 results: Record quarterly net income, excluding special items*, of $485 million, ...

Bringing bodies home crucial to grieving

CNN  2014-07-24 12:21:44

People sometimes have difficulty understanding why the families of those who die in disasters are so invested in the recovery of their loved ones' bodies. This painful process has been once again brought ...

American Airlines declares first dividend since 1980 as profit rises

Reuters  2014-07-24 12:01:43

(Reuters) - American Airlines Group Inc said on Thursday it will pay its first dividend since 1980 and buy back stock as it reported higher second-quarter earnings.

Alaska Air Group Reports Record Second Quarter 2014 Results

PR Newswire  2014-07-24 12:00:00

SEATTLE, July 24, 2014 /PRNewswire/ --Financial Highlights:Reported record second quarter net income, excluding special items, of $157 million - a 50% increase over the second quarter of 2013. Reported ...

Boeing Agrees to Sell Parts to Iran

The Wall Street Journal  2014-07-24 11:51:15

Boeing has agreed to the conditions by which it could sell aircraft spare parts to state-owned Iran Air, a move that could lead to the first sale of products by a U.S. aerospace company to the Islamic ...

Air Algerie loses contact with flight AH5017

Breaking Travel News  2014-07-24 11:31:20

Air Algerie has lost contact with one of its planes over the Sahara Desert on route from Burkina Faso to Algiers. The national airline of Algeria said contact was lost about 50 minutes after take-off from ...

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