Archive for June, 2009
Airfares on most routes are lower this summer
Tuesday, June 30th, 2009Air travel demand may have bottomed out, for now
Tuesday, June 30th, 2009American Airlines sells debt to raise cash
Tuesday, June 30th, 2009AMR Corp., parent of Fort Worth-based American Airlines Inc., plans to sell more than a half-billion dollars of debt to finance 16 new planes and bolster its balance sheet.
United, They Fall
Tuesday, June 30th, 2009United Airlines is having its own version of the trip from hell. The airline, reeling from a decline in customers and running short on cash, is paying a steep 17 percent interest on $175 million in debt it issued, leading analysts to bet the company is just a few steps from the grave.
Airlines post net losses of $3 billion in first quarter
Tuesday, June 30th, 2009Airline customer satisfaction falls to a 4-year low
Tuesday, June 30th, 2009British Airways reviewing fate of troubled subsidiary OpenSkies
Tuesday, June 30th, 2009US Airlines Raise Fares
Tuesday, June 30th, 2009US airlines raised fares for a second time in two weeks, a strong signal that ticket prices may be nearing a bottom, according to FareCompare.com. Delta Air Lines raised rates by between $10 and $20 for round-trip flights, FareCompare data showed, and Continental Airlines also raised rates.