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A case could be made for further consolidation in the U.S. airline industry, but it's unclear whether the Obama administration would allow it, the CEO of Delta Air Lines Inc. told investors at a conference Tuesday.
Delta Air Lines Inc forecast a $1.1 billion net loss for 2009 due to losses in its fuel hedges but said revenue trends in the fourth quarter suggested a better 2010.
Delta Air Lines Inc projected a $1.1 billion net loss for 2009 due to losses in its fuel hedges, but said revenue trends in the fourth quarter suggested a better 2010.
A case could be made for further industry consolidation in the U.S. airline industry, but it's unclear whether the Obama administration would allow it, the CEO of Delta Air Lines Inc. told investors at a conference Tuesday.
Delta Air Lines Inc., the world's biggest airline, expects to increase its cash balance in 2010 despite more than $1.1 billion in pension expenses and funding requirements planned for next year.
Shares of Japan Airlines Corp jumped 4 percent on Wednesday after the struggling carrier said most retirees were willing to accept cuts to pension payouts.
Airline shares fell Tuesday as the broader stock market slid and oil prices rose.
Fifteen airlines and air cargo carriers from the United States and three other countries said Tuesday they have signed memorandums that could lead to the purchase of hundreds of millions of gallons (liters) of fuel made from either coal or camelina, a weed that is a cousin to canola.
Delta Air Lines Tuesday said that it expects to finish 2009 with an overall net loss of $1.5 billion, but if the economy improves as expected, revenues could rise as much as 7 percent next year.
Beginning in February, Delta Air Lines customers in Salt Lake City will be able to book tickets for travel on Virgin Blue-operated flights between Sydney and two cities in Australia.
Dec. 15 (Bloomberg) -- American Airlines Chief Executive Officer Gerard Arpey will meet with Japanese government officials in Tokyo as the world’s second-largest carrier pushes its plan to invest $1.1 billion in Japan Airlines Corp.
