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Japan Airlines loses $2 billion in April-December

TOKYO- (AP) Japan Airlines said Friday it lost a record $2 billion in the nine months through December, but that its results in the most recent quarter were better than expected as the flagship carrier undergoes government-led restructuring . Japan Airlines Corp. reported a net loss

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Delta, American Airlines Court JAL For Routes To Asia

Japan Airlines filed for bankruptcy Tuesday and said it would slash its workforce dramatically. Nevertheless, Delta Air Lines and American Airlines are eager to create a business alliance with JAL, which in 2009 was the largest airline in Asia. If American were to lose the competition, analysts say it …

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American Airlines parent raises $2.9 billion, shifts routes

The financing should quiet concerns — for now — that it is in danger of a cash crunch and bankruptcy. Shares of AMR soar 20%. American Airlines’ parent company said today that it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 …

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Southwest bids $170 million for Frontier Airlines

(AP) All of a sudden Frontier Airlines is the popular kid at the dance. Southwest Airlines bid $170 million on Monday to take Frontier out of bankruptcy protection, well above the $108.8 million offered by regional jet operator Republic Airways Holdings Inc. Asked if Republic wi

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Jet turbulence probed; 26 hurt – Philadelphia Inquirer

CTV.ca Jet turbulence probed; 26 hurt Philadelphia Inquirer MIAMI – Some passengers were snoozing while others snacked when the first turbulence rattled Houston-bound Continental Airlines Flight 128 over the Atlantic just northwest of Puerto Rico. Suddenly, the Boeing 767 began to plunge and shake violently, … Severe turbulence jolts 767 and injures 26 aboard Seattle Times Terror as turbulence hurts 26 on Rio-Houston plane The Associated Press Four Passengers Injured in Plane Turbulence Remain in Serious … ABC News Christian Science Monitor  - Bloomberg  - BBC News all 1,061 news articles »

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Airlines: The Economy’s Ticking Time Bomb?

A major U.S. airline could enter bankruptcy and stop flying this winter. Read the rest here: Airlines: The Economy’s Ticking Time Bomb?

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China Eastern Airlines in management reshuffle

SHANGHAI, China – (AP) The chairman and president of China Eastern Airlines, one of several major state-owned carriers, have been replaced as part of a government-managed shake-up of the troubled industry.   Liu Shaoyong, chairman of rival China Southern Airlines, w

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