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 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 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 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
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
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
