FEB
26
Sector Snap: Airlines Stocks Fall
From Forbes
NEW YORK - Airline stocks fell Tuesday as government reports indicated rising oil prices and less confident consumers. The Amex Airline Index fell 0.8 percent to 35.19 as light, sweet crude for April delivery dropped 22 cents to $99.01 a barrel on the New York Mercantile Exchange. US Airways shares rose 9 cents to $13.79 as UAL fell 93 cents, or 2.6 percent, to $34.32.
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Airlines
FEB
26
Turbulent year ahead for global airlines: IATA
From National Post
Moderating global demand in January - particularly in Europe - may be the start of a turbulent ahead for airlines worldwide, the International Air Transport Association warned Tuesday. Overall, global demand grew 4.3% last month, down from the 6.7% growth in December, and down starkly from the 7.4% growth year-over-year recorded in all of 2007, IATA said.
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Airlines
FEB
26
Fox host: 'Rush to judgement' against American Airlines
From Raw Story
American Airlines is struggling to address the case of a woman who died of apparent heart failure on a flight from Haiti to New York. Her cousin is now claiming that the oxygen tanks were empty and the defibrillator was malfunctioning, but American Airlines says both devices were working properly. Kelly replied that the airline does indeed dispute that, insisting the flight attendant brought the woman oxygen immediately. According to American Airlines, oxygen was administered by the...
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Airlines
FEB
26
UPDATE 1-US Airways to charge $25 to check second bag
From Reuters
Quote, Profile, Research ) said on Tuesday it will start charging $25 to check a second bag, making it the second major airline this month to tap into that revenue stream to offset high fuel costs. The news irked some travelers who complained on blogs that the airline industry has gone too far in the unbundling of goods and services that used to be including in the ticket price.
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Airlines
FEB
26
Airlines should brace for bumpy 2008, IATA warns
From www.financialpost.com/
The International Air Transport Association said global air passenger traffic growth slowed to 4.3% in January from 6.7% the previous month, while air freight grew 4.5%, easing slightly from 4.7%. There is likely to be turbulence ahead," said Giovanni Bisignani, head of IATA, which earlier this month warned it sees growth in international air traffic slowing to 5 percent in 2008 from 7.4% last year. IATA, which represents 240 airlines - or about 94% of international air traffic - in December...
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Posted Under:
Airlines