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Tag Archives: airlines

U.S. stock indexes wobble to a mixed finish

Trading Floor at the New York Stock Exchange. (Image: Scott Beale / Laughingsquid.com via Flickr)

NEW YORK (AP) — U.S. stocks hardly budged Thursday and finished with a mix of small gains and losses. Banks and airlines rose on strong first-quarter reports, while consumer products companies struggled. The market wavered throughout the day. Stocks are coming off two big gains in a row and are trading at their highest levels of the year. “People are ...

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Southwest Airlines saw ‘unusual’ discounting by rivals in November: CEO

NEW YORK – Southwest Airlines Co <LUV.N> saw a lot of “unusual” discounting by larger U.S. rivals after bookings were lower than expected for last-minute travel around Thanksgiving, Chief Executive Gary Kelly told reporters in New York Thursday. The cheaper fares prompted the budget airline on Tuesday to lower its forecast for revenue per available seat mile in the fourth ...

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Low oil, high travel demand to boost airline profits next year – IATA

GENEVA – Low oil prices and healthy demand for travel, despite recent terror attacks hurting some destinations, will boost airline profits again in 2016, the International Air Transport Association (IATA) said on Thursday. IATA, which represents almost 260 airlines accounting for 83 percent of global air traffic, said net profit would reach record levels of $36.3 billion, after $33 billion ...

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Why cheaper jet fuel won’t mean lower airfares anytime soon

DALLAS — Airlines will save billions this year thanks to cheaper jet fuel, but they aren’t likely to share the bounty with passengers — not while so many flights are already full. Instead, the airlines will use their windfall to pay down debt and reward shareholders. Airline CEOs worry that oil prices could just as easily go higher. They hope ...

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