Summary
The nation's second-largest airline, United controlled 12 percent of the U.S. market and operated more than 3,600 flights around the globe each day in 2007. One of the oldest airlines in the world, United was founded in 1926 and was part of Boeing until 1934, when federal regulators forced the company to separate its air transport and airplane manufacturing businesses. United is one of a handful of U.S. carriers to successfully navigate the industry's late-1970s deregulation and periodic labor unrest, including a pilot's strike in 1985 and slowdown in 2000, the "summer of hell," infamous for flight delays. In February 2006, United emerged from a three-year bankruptcy, one of the costliest in U.S. history....
The nation's second-largest airline, United controlled 12 percent of the U.S. market and operated more than 3,600 flights around the globe each day in 2007. One of the oldest airlines in the world, United was founded in 1926 and was part of Boeing until 1934, when federal regulators forced the company to separate its air transport and airplane manufacturing businesses. United is one of a handful of U.S. carriers to successfully navigate the industry's late-1970s deregulation and periodic labor unrest, including a pilot's strike in 1985 and slowdown in 2000, the "summer of hell," infamous for flight delays. In February 2006, United emerged from a three-year bankruptcy, one of the costliest in U.S. history. Although posting its strongest financial results in years during 2007, United is struggling with record-high fuel prices and the threat of more labor unrest. Since CEO Glenn Tilton has been one of the airline industry's staunchest proponents of consolidation, deal rumors involving United are a staple of industry gossip.
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Airlines revise baggage fees due to fuel crisis
United Airlines started it all back in March, announcing that it would charge $15 for a second checked bag on domestic flights. From there, the trend escalated - airlines' way of managing jet-fuel prices. Now, some carriers charge passengers for all...Tags: Air Transportation, JetBlue, Illnesses, Obesity, Air Transportation Industry
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S & P lowers credit ratings on 3 airlines
From Chicago Tribune news servicesAMR Corp., Northwest Airlines Corp. and Chicago-based UAL Corp. had their credit ratings lowered Friday by Standard & Poor's on a forecast that high fuel prices will lead to combined 2008 losses topping $3.5 billion. American Airlines parent AMR will...Tags: American Airlines, Inc., Ratings, Air Transportation, Air Transportation Industry, UAL Corporation
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FLORIDA: M�s aerol�neas recortan servicios
La empresa a�rea Midwest Airlines se ir� de la Florida el pr�ximo mes, sum�ndose a otras que han abandonado la regi�n debido a los altos costos del combustible. Estas medidas est�n afectando a los condados...Tags: American Airlines, Inc., Florida, Air Transportation, Miami (Miami-Dade, Florida), Fort Lauderdale
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Trial set in suit to block Delta-Northwest deal
AP Business WriterA federal judge has set a trial date for a lawsuit by a group of airline passengers that seeks to block Delta Air Lines Inc. from acquiring Northwest Airlines Corp. U.S. District Judge Vaughn Walker will preside over the Nov. 5 trial in San Francisco.... -
Airlines blame fuel prices for steep losses
james.bernstein@newsday.comDespite an increase in the number of people flying this year, more airlines - including discounter JetBlue Airways Corp. of Forest Hills - yesterday reported steep losses in the latest quarter, blaming soaring fuel prices for the turbulence. JetBlue said...Tags: Air Transportation, JetBlue, Transportation Accidents, Forest Hills, J.P. Morgan Chase & Co.
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Extra charges are key to airline survival
New travel fees mean hundreds of millions of dollars a year for beleaguered airlines, and executives say they need them more than ever as fuel costs continue to suck profits out of the industry. United Airlines, US Airways, and JetBlue posted big...Tags: Air Transportation, JetBlue, Air Transportation Industry, Transportation
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Lauderdale airport ranks as 4th cheapest destination in country
South Florida Sun-SentinelFort Lauderdale-Hollywood International Airport ranked high in the nation for its affordability and drop in airfares in early 2008, the government reported Wednesday. Average fares fell 7.7 percent from $258 to $238 in the first quarter, compared with...Tags: Florida, Air Transportation, Burbank (Los Angeles, California), Palm Beach International Airport, JetBlue
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More airlines report losses, cut jobs
Associated PressThe losses keep piling up for airlines, as three of the nation's biggest carriers said Tuesday high fuel costs overwhelmed higher revenue in the quarter that ended June 30. UAL Corp.'s United Airlines posted the biggest loss -- $2.73 billion or $21.74...Tags: Petroleum Industry, New York Mercantile Exchange, Air Transportation, UPS Inc., Corporate Officers
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You are now free to take a flying leap
Chicago Tribune ReporterDid you hear the one about the passenger who was charged an extra $15 by the airline to lose his first checked bag? And another $25 for a second bag mistakenly loaded onto an airliner to Calcutta instead of Cincinnati? That might sound like a Jay Leno...Tags: Ohio, Air Transportation, Transportation Accidents, Southwest Airlines Company, Government
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UAL gets cash infusion amid $2.73 billion loss
AP Business WriterUnited Airlines shares zoomed up 45 percent on Tuesday after it announced plans for a major cash infusion, a smaller-than-expected quarterly loss, and reductions in flying and jobs intended to help it fight high fuel prices. Chicago-based United...Tags: Credit and Debt, Bankruptcy, Retirement, Air Transportation, J.P. Morgan Chase & Co.
Jul 27, 2008
|Story| Newsday
Jul 26, 2008
|Story| Chicago Tribune
Jul 26, 2008
|Story| South Florida Sun-Sentinel
Jul 24, 2008
|Story| Associated Press
Jul 23, 2008
|Story| Newsday
Jul 23, 2008
|Story| South Florida Sun-Sentinel
Jul 23, 2008
|Story| South Florida Sun-Sentinel
Jul 22, 2008
|Story| South Florida Sun-Sentinel
Jul 22, 2008
|Story| Chicago Tribune
Jul 22, 2008
|Story| Associated Press
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