Airlines
Delta Air Lines and Northwest Airlines, the third and fourth largest carriers in the US, have filed for Chapter 11 bankruptcy protection. This move comes just as US Airways and United Airlines finalize their plans to exit bankruptcy. Despite the challenges, the regional airline industry is expected to gain market
Airlines
As the world slowly returned to normalcy in the aftermath of Hurricane Katrina, major airlines Delta and Northwest tumbled into bankruptcy protection to reorganize their finances and cut costs. This move, prompted by the hurricane's disruptive schedules and skyrocketing fuel prices, leaves four of the nation's
Airlines
Delta Air Lines Inc. filing for bankruptcy protection would mean that three out of eight carriers at Harrisburg International Airport would be operating under bankruptcy protection. Currently, Delta is the second-busiest airline at HIA, following US Airways and preceding United Airlines in terms of market share. The airport anticipates Delta&
Airlines
Major developments in the Tampa Bay area are underway as various corporations and organizations make significant announcements in the realms of business and economy. The region is set to welcome an 18-screen megaplex at the Cypress Creek Town Center, while investors and consumers alike are abuzz about the prospects of
Airlines
As Hurricane Katrina devastates the Gulf Coast, disrupting oil production and air transportation, airlines Delta Air Lines Inc. and Northwest Airlines Corp. are facing a cash crisis. However, this misfortune may benefit United Airlines, which is emerging from its three-year bankruptcy reorganization with a strong financial position. United's
Airlines
As Hurricane Katrina's devastation of the Gulf Coast continued to unfold, Wall Street investors were left uncertain about the storm's economic impact, leading to a mixed market session yesterday. Despite concerns about the potential for a sharp economic downturn, key indices showed modest gains for the
Airlines
As Hurricane Katrina battered the Gulf Coast, spot market jet fuel prices soared to around $2.20 a gallon, up from $1.86 just one week earlier. This surge in fuel costs has significant implications for airlines struggling to stay afloat, including Delta Air Lines and Northwest Airlines. Both carriers
Airlines
As China's biggest state-owned oil company, the China National Petroleum Corporation, continues to expand its global presence, it has made its largest foreign acquisition yet, buying PetroKazakhstan, a Canadian oil company with reserves in Kazakhstan, for $4.18 billion. This deal surpasses the Chinese computer company's
Airlines
Northwest Airlines, the USA's No. 4 carrier, successfully operated a reduced schedule over the weekend despite a walkout by 4,500 mechanics and maintenance workers. The airline was able to keep flying without major disruption, with some cancellations and delays, after a legally mandated cooling-off period ended. CEO
Airlines
Northwest Airlines president and chief executive, Doug Steenland, is under pressure to wring $1.1 billion in savings from its workforce this year, amidst soaring fuel prices, a hefty pensions burden, and high labor costs. The struggling carrier has "no choice but to restructure and to restructure now"
Airlines
President Bush has decided not to intervene in the impending strike by Northwest Airlines mechanics, deferring to the National Mediation Board's finding that the work stoppage would not substantially disrupt interstate commerce. This decision marks a reversal of Bush's actions in 2001, when he delayed a
Airlines
Thousands of holidaymakers face disruption at Heathrow Airport this weekend despite British Airways resuming a limited service on Thursday night. The airline said it would operate 31 flights after two-thirds of staff who joined an unofficial strike returned to work. Passengers waiting for cancelled flights were told to leave the
