Airlines
As United Airlines secures a tentative agreement with its pilots union, reports suggest that secondary activity in the sector has suffered due to disappointing earnings and high oil prices. The drop-off in secondary volume can be attributed to investors' concerns over escalating fuel prices and Delta Air Lines'
Airlines
Airbus will roll out its revolutionary A380 superjumbo jet at its headquarters in Toulouse, France, marking the culmination of years of development and an estimated $13 billion in costs. The aircraft has received 139 firm orders from airlines, with expectations to surpass the Boeing 747 as the primary workhorse for
Airlines
Southwest Airlines and bankrupt carrier ATA Airlines have reached a deal that will allow passengers flying from the Sarasota-Bradenton International Airport to connect to Midwest cities through a code-sharing agreement. As part of a $117 million purchase of ATA gates at the Chicago-Midway airport, Southwest will offer ATA passengers connections
Airlines
Southwest Airlines has announced a codeshare partnership with ATA Airlines, allowing customers to connect between select Southwest cities and multiple ATA destinations through Chicago Midway Airport. This new agreement will enable travelers to book flights through either Southwest or ATA, exchange passengers and checked baggage at Chicago Midway, and enjoy
Airlines
The surprising intervention of the Pension Benefit Guaranty Corporation (PBGC) in the United Airlines bankruptcy case has put a major hurdle in the path of the company's recovery. The PBGC's decision to take control of United's pension schemes, citing $6.4 billion in unfunded
Airlines
Chicago's biggest corporations may be revving their engines and gearing up for a big year ahead, but one psychic consultant believes she has a roadmap to their success. Lynn Ristich, a downtown Chicago fortune teller, has been predicting futures for 25 years, and for Aon Corp., Boeing Co.
Airlines
Pension Benefit Guaranty Corporation (PBGC), a US government agency responsible for protecting employee pensions, has stepped in to take control of $5.7 billion in liabilities for pilots at United Airlines, marking the third-largest rescue in its history. The move is aimed at protecting the PBGC's own finances,
Airlines
The Pension Benefit Guaranty Corp., a quasi-government agency, has asked a federal court to allow it to take over the retirement plan for 14,000 United Airlines pilots, citing a growing $1.9 billion deficit in the plan's assets. The agency expects to assume responsibility for about $1.
Airlines
Tensions over United Airlines' plan to terminate pension plans reached a boiling point yesterday when the head of the pilots' union, Duane Woerth, responded to criticism from the head of the flight attendants' union, Pat Friend, over a deal struck last week. The pilots' union agreed
Airlines
United Airlines' plans to terminate its defined benefit pensions have sparked a heated controversy, with flight attendants and other unions expressing outrage over the deal made with the pilots' union. The agreement, which would cancel the pilots' pensions in return for $550 million in convertible notes, has
Airlines
Retail sales in the United States rose 0.1 percent in November from October, according to the Commerce Department. The overall retail sales in November compared to the same month last year were up 7.2 percent. Meanwhile, businesses were cautious about customer demand and boosted inventories by 0.2
Airlines
A potential bankruptcy court ruling against United Airlines' creditors could reduce investors' willingness to buy debt from US airlines, making it harder for them to secure funds. The situation arises from a dispute over "enhanced equipment trust certificates" (EETCs) - debt securities collateralized with aircraft -
