Airlines
Share buybacks, once the investor's best friend, may no longer be a surefire way to boost stock prices. As stock prices reach record levels, aggressive repurchase plans are becoming increasingly dicey. Companies borrowing to fund buybacks and using so much cash flow to buy back shares may be
Airlines
America West Airlines has agreed to pay at least $2.5 million, and possibly $5 million, in fines for violating maintenance and operations requirements. The fine, which would be the largest ever paid by an air carrier, was imposed by the Federal Aviation Administration (F.A.A.) due to the
Airlines
The European Commission has proposed preliminary conditions for the approval of the American-British Airways alliance, including the requirement for the two airlines to give up landing rights at London's Heathrow and Gatwick airports. The commission has also proposed restrictions on flights between certain routes, aiming to give competitors
Airlines
Regulators in Brussels are preparing to put an end to a two-year wait for British Airways, with a decision expected this week on the terms of approval for the airline's alliance with American Airlines. The alliance, which has sparked intense competition concerns, is set to be approved with
Airlines
Delta Air Lines has added 15 used planes to its fleet to supplement its growing operations, including 14 Boeing 737-300s and a 767 widebody aircraft from Asiana Airlines. The airline is awaiting new aircraft deliveries, including updated models of the 737 and new 777s, which will become the largest planes
Airlines
Lazarus Property Corporation, a private development and investment company based in Dallas, has made its second major investment in Atlanta within the past 12 months by purchasing the Greenbriar Corporate Campus, a 66-acre property containing over 280,000 square feet of buildings. The complex, formerly the Delta reservations and financial
Airlines
The European Court of Justice's (ECJ) long-awaited ruling on the British Airways' challenge to the European Commission's approval of a Pounds 2 billion bailout for Air France has finally condemned the subsidy as an unfair competitive advantage. Despite its significance, the ruling's translation
Airlines
A European Union court will issue a landmark decision on a £2 billion rescue package for Air France, the European Commission's decision to approve aid to the French flag carrier in 1994 is being challenged by rival airlines. Competitors, including British Airways, KLM, and SAS, have argued that
Airlines
Northwest Airlines and Mesaba Aviation Inc. have made a significant announcement regarding the expansion of Mesaba's regional jet fleet. The development will see Mesaba operate 36 Avro RJ85s, a doubling of its current fleet, to provide increased capacity for Northwest. However, this move has sparked concerns among the
Airlines
A ribbon-cutting ceremony and the blessing by a Shinto priest marked the re-establishment of Anchorage's scheduled air link with Tokyo after a 14-year hiatus. Northwest Airlines' nonstop flight from Tokyo to Anchorage, which was a highly sought-after service by Alaska officials, is expected to boost tourism and
Airlines
As the Air France pilots' walkout enters its ninth day, British Airways and its alliance partners have announced plans to increase seating capacity on flights between London and Paris during the World Cup soccer tournament. British Airways will be adding 2,400 extra seats this week alone, while Air
Airlines
As the world's focus turns to France's hosting of the month-long World Cup, the country is scrambling to present a unified and welcoming image to visitors from around the globe. However, a rash of industrial conflicts, particularly among state-owned industries like Air France, threatens to undermine
