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Blogs
BP oil spill could hurt tourism to tune of $22.7 billion, study says
The U.S. Travel Association has released an Oxford Economics study that projects that the BP spill could cost $22.7 billion over three years to the economies along the U.S. coast.
Delta post $467 million profit for Q2 2010
Delta Air Lines led off the U.S. airline industry's earnings season Monday with net income of $467 million, or $549 million excluding special items, in second quarter 2010.
Are fees really fares?
COMPLICATED airline fee systems make it hard for some customers—especially corporate travel managers—to effectively hone in on the best deals, according to a new report (PDF) by the US government's in-house watchdog, the Government Accountability Office (GAO). Currently, most fees (baggage fees, for example) are disclosed on airline websites.
The perils of recovery
AS THE economic recovery takes hold, airlines may need to reconsider their decisions to ground certain planes, the CEO of a top cockpit instrument company said Friday. Clay Jones, the CEO of Rockwell Collins, Inc., thinks the need to refit and refurbish grounded planes will give a boost to companies like his, Bloomberg reports:
Airlines will post biggest profit since late 2007, analysts predict
U.S. airlines begin reporting second-quarter earnings next week and -- in a change of tone from the past two years -- the outlook is cautiously optimistic. The Wall Street Journal writes "the industry appears poised to post its first meaningful profit since 2007's third quarter."
The Journal notes that eight of the nine biggest airlines are expected to report profits for the quarter, according to most Wall Street analysts. And even for the carrier that's not expected to post a profit -- American -- the Journal notes at least one analyst "foresees a slight profit for American, although Wall Street's mean estimate calls for a quarterly loss of three cents a share."