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Bankrupt Alitalia's nine major unions on Tuesday said they were willing to negotiate on the latest plan to salvage the airline but needed to be convinced of the plan's merits before discussing job losses.
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Zoom Airlines, a Canadian discount transatlantic carrier stung by high fuel costs, cancelled all flights and began bankruptcy proceedings on Thursday, stranding passengers at several airports.
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Hawaii state tourism officials indicate that they're confident that airlines providing flights between the U.S. mainland and Hawaii will quickly fill the void left by the sudden shut down of Honolulu-based carrier, Aloha Airlines on Monday, March 31.
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MAXJet Airways, an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after canceling all flights earlier this week, according to court documents.
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Troubled carrier Alitalia cannot sustain two hubs in its current state, Italy's industry minister told a newspaper on Sunday, as the airline plans to nearly halve routes at Milan's Malpensa Airport as part of a survival plan.
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Northwest Airlines reported a second-quarter profit that was inflated by reorganization items, reversing a year-ago loss.
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Delta Airlines and Southwest Airlines reported better-than-expected quarterly profits on Wednesday, helped by broadly higher ticket prices and relatively strong demand.
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Northwest Airlines is set to exit bankruptcy on Thursday, marking the end of a 20 month spell in Chapter 11, and the first time in almost five years that a major US airline has not been in bankruptcy.
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Northwest Airlines' flight attendants ratified a new collective bargaining agreement, the carrier said on Tuesday as it prepares to exit bankruptcy.
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A federal judge on Friday approved the reorganization plan for Northwest Airlines, clearing the way for the carrier to exit bankruptcy with USD$2.5 billion cost savings, a company spokesman said.
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U.S. airlines are watching Air Canada's new customer pricing for long-term financial success to see if they wish to adopt it, analysts say.
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Northwest Airlines Chief Executive Doug Steenland could get millions of dollars worth of restricted stock and stock options in the airline when it emerges from bankruptcy, according to a court document.
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Delta Air Lines shares rose 7 percent in the carrier's return to Wall Street on Thursday after emerging from bankruptcy following a USD$3 billion restructuring, but the stock pared back most of its gains.
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