Airlines
In a mixed trading session on May 17, 2005, airline stocks experienced a moderate increase, with the Amex Airline Index rising 0.7% to 45.74. Northwest Airlines' shares eased off their recent rally, falling 1.1% to $5.28, while Delta Air Lines saw a significant increase of
Airlines
NPR's Cheryl Corley reported that a federal bankruptcy judge has given United Airlines the go-ahead to terminate its employee pension plans, a move that will affect approximately 100,000 workers and retirees. The deal allows the airline to transfer its four major pensions to the Pension Benefit Guaranty
Airlines
The proposal to terminate United Airlines' defined benefit pension plans, administered by the Pension Benefit Guaranty Corp (PBGC), has sparked debate on the moral hazard inherent in government insurance schemes. Amity Shlaes correctly identified the moral hazard in many government insurance programs, including the PBGC. However, her analysis of
Airlines
Boeing Co. has won a $2.16 billion order from Northwest Airlines Corp. for 18 of its new 787 jets, dealing a blow to Airbus SAS. This is the third time in two weeks that Boeing has beaten Airbus, the world's largest commercial-airplane maker, for a major order.
Airlines
Investors and analysts reacted to the latest earnings and guidance updates from various companies, driving market sentiment and stock price movements. The day's key events included Georgia-Pacific's improved packaging business volume, Tracinda's tender offer for General Motors shares, and positive outlook from Raymond James
Airlines
Air India has ordered 50 jets from Boeing, including 27 787 Dreamliners, in a deal worth $6.9 billion. This is just one day after Boeing secured a contract with Air Canada to supply up to 96 jets. Meanwhile, Lockheed Martin has raised its 2005 sales outlook to $36.5-$
Airlines
In a significant boost to its commercial aircraft business, Boeing Company announced a $6 billion order from Air Canada, maker of the 787 Dreamliner, a fuel-efficient jet that is set to revolutionize the industry. The order, announced on Monday, includes 60 of Boeing's new 787 Dreamliners, as well
Airlines
Despite efforts to cut costs and streamline operations, Delta Air Lines and Northwest Airlines both reported significant losses in the first quarter of the year, while JetBlue Airways posted a modest profit. However, even JetBlue's success was tempered by a significant increase in fuel costs, which rose 54%
Airlines
Reports suggest that Northwest Airlines is planning to outsource its Duluth aircraft maintenance base to European private contractor Airbus, a move that could lead to the loss of jobs for Minnesota employees. According to officials from the Aircraft Maintenance Fraternal Association (AMFA), Congressman James Oberstar (D-MN) was spotted in a
Airlines
Hong Kong International Airport has been voted the world's best airport for the fifth consecutive year, as part of the 2005 World Airport Awards conducted by Skytrax. The survey, which evaluated over 30 aspects of passenger satisfaction, garnered responses from a massive 5,584,365 respondents, a 15%
Airlines
Hong Kong International Airport has been voted the world's best airport for the fifth consecutive year, according to the 2005 World Airport Awards. Singapore's Changi Airport took the Silver Award as runner-up, while Seoul Incheon Airport came in third place. The awards are based on an
Airlines
SkyWest Airlines has announced it will spend $637 million on 20 new CRJ700 regional jets from Bombardier Inc. to fly additional connecting routes for United Airlines. The deal, which is intended to help United meet its cost-cutting goals, will increase SkyWest's fleet of 66-seat jets to 43 and
