By Travel-Guy, 7 months and 30 days ago

US Airline Shares Drop On Oil, Economy

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stocks The shares of major US airlines dropped to new lows on Tuesday, led by a 15 percent fall by United Airlines parent UAL, as high oil prices and economic gloom soured investor sentiment.

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By Travel-Guy, 8 months and 12 days ago

JetBlue Founder Reduces Stake

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JetBlue Airways founder David Neeleman has reduced his stake in the low-cost US airline to 4.07 percent from 6.1 percent, according to a filing with the US Securities and Exchange Commission on Wednesday.

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By Travel-Guy, 8 months and 21 days ago

SAS Shares Fall As Unions Hold Up Restructuring

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Shares in Scandinavian airline SAS sank nearly 5 percent on Monday as it said it had not been able to reach agreement with unions over its plans to slim down and focus on core flight operations.

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By Travel-Guy, 1 year and 3 months ago

Northwest Airlines Set For Bankruptcy Exit

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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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By Travel-Guy, 1 year and 3 months ago

Onex Could Back New Bombardier Airliner

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Onex, the Canadian buyout firm, could be a partner for Bombardier if the plane maker decides to build a new 110-to-130-seat passenger jet, an analyst said on Thursday.

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By Travel-Guy, 1 year and 3 months ago

Qantas Eyes Sale Buyback After Bid Collapse

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Qantas Airways said on Thursday it might hive off some businesses or return billions of dollars to shareholders as it finds its feet following a failed USD$9 billion takeover bid.

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By Travel-Guy, 1 year and 3 months ago

China Eastern and Singapore Air Halted Amid USD$1 Bln Buy Talk

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Shares in China Eastern Airlines and Singapore Airlines were suspended on Tuesday amid reports that Singapore would soon buy up to a quarter of the loss-making, Shanghai-based carrier for nearly USD$1 billion.

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By Travel-Guy, 1 year and 3 months ago

Air Canada Downgraded Analysts Prefer WestJet

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While Air Canada (ACa/TSX) continues to benefit from a strong domestic market, some softness for its U.S. transborder business is causing the airline to shift additional capacity to Canada this summer, Versant Partners analyst Cameron Doerksen said in a note to clients.

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By Travel-Guy, 1 year and 4 months ago

Qantas Deal Scuttled By Hedge Fund Greed

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Miscalculations by hungry hedge funds in a giant game of brinksmanship appear to be the key reason behind the crash of an AUD$11 billion (USD$9 billion) takeover offer for Australia's Qantas Airways, analysts said.

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By Travel-Guy, 1 year and 4 months ago

Northwest CEO May Get Millions Of Dollars In Stock

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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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By Travel-Guy, 1 year and 4 months ago

Qantas Bid Blocked As Regulator Refuses Extension

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Australia's takeover regulator has scuttled an AUD$11 billion (USD$9 billion) bid for Qantas Airways after refusing on Sunday to allow late support from a major shareholder who missed a deadline to accept the offer.

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By Travel-Guy, 1 year and 4 months ago

WestJet Plans Office Building Construction

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WestJet Airlines Ltd.'s (TSX:WJA) first-quarter profit more than doubled as it attracted more passengersto fill its expanding capacity and sold more non-fare items likevacation packages, Canada's No. 2 carrier said on Tuesday.

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By Travel-Guy, 1 year and 4 months ago

WestJet Announces Its Fifth Consecutive Quarter of Record Profit

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WestJet (TSX:WJA) today announced its first quarter 2007 financial results. The airline reported record first quarter net earnings of $29.9 million compared to $12.9 million in the same period of 2006, an increase of 132 per cent. Diluted earnings per share of 23 cents for the quarter were up from 10 cents in 2006.

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