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Editorial Results (free)

1. Most Airlines Report Strong First Quarter -

Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

2. Most Airlines Report Strong First Quarter -

Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

3. US Says Average Airfares Rising Slowly -

DALLAS (AP) – The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago.

The U.S. Department of Transportation said Tuesday that the average domestic airfare rose to $381 in the fourth quarter of 2013, a 0.3 percent increase from a year earlier.

4. Flight Cancelations Take a Toll on Airline Revenue -

DALLAS (AP) – Airlines are still tallying up the damage from this winter's storms, but solid demand for travel means they are likely to weather the rocky start to 2014 in good shape.

Reports from some of the airlines point to higher average prices, and executives say spring bookings look strong.

5. United Restarts 787 Flights After Grounding -

United Airlines is again flying the 787, four months after smoldering batteries forced the plane to be grounded worldwide.

A United 787 flight took off from Houston on Monday morning and landed in Chicago.

6. Report: AMR, US Airways Boards to Meet This Week -

DALLAS (AP) – Directors of American Airlines and US Airways reportedly plan to meet Wednesday to consider a merger.

The Wall Street Journal reported Monday that negotiators were still considering the makeup of the combined company's board and an exact role for the CEO of American parent AMR Corp.

7. Delta Third-Quarter Profit Surges on Fuel Contract Gains -

NEW YORK (AP) — Delta Air Lines said Wednesday that its third-quarter profit nearly doubled mostly due to the increasing value of its fuel contracts.

The world's second-largest airline earned $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. Excluding one-time items, it earned $768 million or 90 cents — just shy of Wall Street expectations of 91 cents.

8. Economic Uncertainty Hurts Business Travel -

NEW YORK (AP) – U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy.

Americans are expected to take 438.1 million business trips this year, down 2 percent from last year, the Global Business Travel Association said Tuesday. Overall business travel spending is expected to be up 2.6 percent, but that's only because trips are more expensive.

9. Airlines Set Bag Fee Record in First Half of Year -

NEW YORK (AP) – U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period.

Delta Air Lines Inc. once again claimed the title as the airline collecting the most in baggage fees: nearly $430 million from January through June. The slightly larger United Airlines – part of United Continental Holdings Inc. – followed with $351 million in bag fees, according to a report from the Bureau of Transportation statistics released Tuesday.

10. Dot-Com Moves Distribution To Memphis -

Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.

11. American CEO Bashes US Airways; Calls it Desperate -

BOSTON (AP) – American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the two airlines, not the other way around.

12. American Makes its Case Against Union Contracts -

NEW YORK (AP) – American Airlines argued before a federal bankruptcy judge Monday that its union contracts need to be changed to make the company financially stable.

The airline lost more than $10 billion in the decade leading up to its declaration of bankruptcy in November. During that same period most of its major rivals used the bankruptcy process to cut wages and benefits, which American says has left it saddled with higher labor costs.

13. Balmy Winter Brings Plenty of Economic Surprises -

NEW YORK (AP) – Out of a relatively balmy winter have sprung some economic surprises. People have more cash in their pockets because they aren't turning up the thermostat. Airlines don't have to de-ice planes or battle blizzards. And shoppers are finding great deals on coats and boots.

14. Pinnacle Airlines to Ask Creditors for Help -

MEMPHIS (AP) – Pinnacle Airlines Corp., which operates regional flights as Delta Connection, United Express and US Airways Express, said Thursday that it's trying to make deals with its major airline partners, creditors and employees to cut costs and reduce its debt.

15. Most American Airlines Fliers to See Little Impact -

NEW YORK (AP) – For most of the 240,000 passengers who fly American Airlines each day, the airline's bankruptcy filing should have little noticeable impact.

American continues to operate flights, honor tickets and take reservations. It says its frequent-flier program will be unaffected.

16. US Airways, Delta Hike Fares by Up to $10 Per Round Trip -

DALLAS (AP) – US Airways and Delta Air Lines Inc. are raising fares on many U.S. flights by up to $10 per round trip, and other airlines are tinkering with prices too.

17. Delta Expands Economy Comfort to Domestic Flights -

ATLANTA (AP) – Delta Air Lines said on Thursday it will create a class of higher-end coach seats on its U.S. fleet, matching a service it already offers on the bigger planes that fly overseas.

18. Airlines Hike Fares for 1st Time Since Summer -

NEW YORK (AP) – Holiday travelers may want to lock in airfares now, because they're going up.

Major airlines are joining in the first widespread airfare increase since early August. The hike was initiated by Delta Air Lines Inc. late Tuesday when it raised fares by $4 to $10 on roundtrip flights across most of its U.S. routes, according to Rick Seaney of Farecompare.com. Soon after, United Continental Holdings Inc. matched the increases.

19. Southwest Hikes Prices on Business Travelers -

DALLAS (AP) – Southwest Airlines Co. said Friday it matched other airlines in raising prices on tickets favored by business travelers.

20. Southwest Posts Q2 Profit of $161 Million -

DALLAS (AP) – Southwest Airlines Co. set records for full planes, and higher fares boosted revenue as the summer vacation season kicked into high gear.

21. Fare Hikes Help United Continental and US Airways -

Fare increases gave United Continental and US Airways profitable quarters despite the financial damage they suffered from sharply higher fuel prices.

On Thursday both airlines reported smaller second-quarter profits than a year ago – down almost 12 percent at United Continental, and a 67 percent drop at US Airways.

22. New Air Traffic Control System at Crossroads -

WASHINGTON (AP) – The Federal Aviation Administration is creating a new air traffic system that officials say will be as revolutionary for civil aviation as was the advent of radar six decades ago. But the program is at a crossroads.

23. United, Continental Pushing Fares Up Again -

DALLAS (AP) – United and Continental are raising airfares on many U.S. routes by up to $20 per round trip ticket. It's the latest effort to cover spiraling fuel costs across the airline industry.

24. Spike in Fuel Prices Erasing Airline Profits -

Soaring jet fuel prices are wiping out profits at the nation's biggest airlines.

The world's biggest airline company, United Continental Holdings Inc., said Thursday that it lost $213 million in the first three months of the year after it paid nearly $600 million more for fuel than in the year-ago quarter.

25. WPG Americas Signs Lease in Southaven -

A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.

WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.

26. Big Airlines Try to Raise Fares Again -

DALLAS (AP) – Major U.S. airlines are trying to revive fare increases for high-end tickets after failing to impose bigger price increases last week.

The move comes as airlines worry about the prospect of higher jet fuel prices. Oil prices surged to their highest levels in more than two years Tuesday as violence in Libya raised fears that oil production could be threatened there or in other OPEC countries.

27. United Sees 4Q Revenue Measure Rising -

CHICAGO (AP) – United Continental Holdings Inc. said on Wednesday that a key revenue measure would rise as much as 10.75 percent for the fourth quarter, a period that is expected to be profitable for United and other big airlines.

28. Pinnacle Reports $9.4M Profit in Q3 -

Pinnacle Airlines Corp. on Tuesday reported a net income of $9.4 million during the third quarter excluding special items, a 29 percent increase from the same quarter a year ago.

29. United, Continental Complete Combination -

United and Continental closed the deal on Friday that will create the world's biggest airline. The new carrier aims to lure business fliers who want to travel overseas while keeping fares competitive with discount carriers in the U.S.

30. Southwest to Buy AirTran for $1.4B -

More change is coming to the airline industry – and likely to the local travel scene – following Monday’s news that Southwest Airlines will buy rival discount carrier AirTran Airways for $1.4 billion.

31. Southwest Airlines to Buy AirTran for $1.4B -

More change is coming to the airline industry – and likely to the local travel scene – following Monday’s news that Southwest Airlines will buy rival discount carrier AirTran Airways for $1.4 billion.

32. United Air In $3B-Plus Stock Deal For Continental -

United Airlines has agreed to buy Continental in a $3 billion-plus deal that would create the world’s largest carrier.

The new United would surpass Delta Air Lines in size, which should help it attract more high-fare business travelers. It will fly to 370 destinations in 59 countries.

33. Delta Reports $256 Million Q1 Loss, Sees Q2 Profit -

ATLANTA (AP) – Delta Air Lines Inc. blamed heavy winter storms and one-time expenses for propelling it to a $256 million loss during the first three months of the year, though it said Tuesday it expects a solidly profitable second quarter as the peak summer season ramps up.

34. Airline Losses for Fourth Quarter Mount -

ATLANTA (AP) - Deep capacity cuts, checked bag fees and aggressive fare sales couldn't stop the airline industry's bleeding from the impact of bad bets on fuel hedges and the drop-off in demand due to the weak economy. After more carriers posted losses Thursday, the total fourth-quarter red ink for the top nine U.S. carriers by traffic rose to $4 billion.

35. Airlines Threaten to Move Flights From Atlanta to Memphis -

ATLANTA (AP) – Airlines that do business at the world’s busiest passenger airport are playing hardball in talks over new lease agreements, threatening to move some flights to other airports – including Memphis International Airport – if they can’t maintain competitive costs on fees they pay.

36. WaMu Biggest Bank to Fail In Nation’s History -

NEW YORK (AP) – Washington Mutual Inc., one of the nation’s largest banks, has collapsed under the weight of its enormous bad bets on the mortgage market.

The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift’s banking assets to JPMorgan Chase & Co. for $1.9 billion.

37. Archived Article: Northwest P2 - DOT extends review of airline pact

DOT extends review of airline pact

The U.S. Department of Transportation again extended the review period of a proposed Continental Airlines Inc. alliance with Delta Air Lines Inc. and Northwest Airlines Corp...