Airlines
Strategic Hotel Capital, a Chicago-based real estate investment trust (REIT), is making a bid for the Fairmont Chicago hotel, which is owned by Swig Co. of San Francisco. The hotel, located at 200 N. Columbus Drive, is expected to sell for approximately $156 million, and Strategic Hotel Capital is one
Airlines
World Business Review, hosted by General Alexander Haig, will feature SER Solutions, Inc. on Thursday, June 23rd and Friday, June 24th on CNBC and Bravo! The segment will highlight how companies are using SERdistiller, SER's intelligent data capture solution, to improve processing of business-critical documents, reduce human errors,
Airlines
Business travel fares in the United States remained sluggish in the first quarter of 2005, with an average domestic one-way fare of $202, 13 percent lower than the $234 average in the same period last year. Despite small fare increases by major domestic carriers, aggressive corporate negotiating and continued competitive
Airlines
UATP has enhanced the travel protection benefits for its accountholders by partnering with BerkelyCare, a leading provider of travel protection services. Under this new partnership, eligible travelers can receive up to $100,000 in Accidental Death & Dismemberment (AD&D) coverage at no additional cost to the corporation or
Airlines
A federal district judge blocked a plan by flight attendants at United Airlines to take control of their pension plan, while a Chicago property owner is moving forward with a $50-million condo tower project. Meanwhile, McDonald's reports a 1.8% rise in sales at restaurants open at least
Airlines
The Senate Finance Committee sharply criticized the major airlines and other companies that run pension funds over their handling of employee benefits, citing a 30-year-old law as ineffective in preventing pension failures. The committee members directed their complaints at the chief executives of United, Northwest, and Delta airlines, who testified
Airlines
United Airlines and the union representing baggage handlers and ticket agents have agreed on a tentative contract, avoiding a potential strike. Separately, United Airlines reported an April operating loss of $47 million, a $28-million improvement from the previous year due to higher fuel costs. Chicago public transit riders were spared
Airlines
On May 10, a bankruptcy judge approved an agreement between United Airlines and the Pension Benefit Guaranty Corp. (PBGC) that allowed the PBGC to take over United's four pension plans, covering 122,500 participants, with a total promised benefit of $16.8 billion and an estimated liability of
Airlines
The Bush administration's proposal to give preferential treatment to competing carriers in the allocation of landing rights at O'Hare International Airport has sparked a controversy that could have far-reaching implications for the city's plan to expand the airport, competition at the airport, and even
Airlines
Midwest Airlines is expanding its service to the Twin Cities, introducing bigger planes and moving from the main Lindbergh terminal to the Humphrey terminal. The airline will start using Boeing 717s, which seat 88 passengers, on three departures out of the Twin Cities, while continuing to use 32-seat regional airplanes
Airlines
The airline industry continues to grapple with high fuel expenses and consolidation efforts, leading to significant share price fluctuations among major carriers. US Airways Group Incorporated (OTC: UAIRQ) and Delta Air Lines Incorporated (NYSE: DAL) saw share price increases, while JetBlue Airways (NASDAQ: JBLU) and Northwest Airlines Corporation (NASDAQ: NWAC)
Airlines
The week saw significant developments in the business and labor sectors. United Airlines and its mechanics' union reached a tentative agreement on a five-year contract, while Pulitzer Inc.'s shareholders were asked to convene to decide on a planned $1.46-billion buyout. The Tyco International Ltd. trial took
