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American Airlines and Japan Airlines plan to launch a new joint venture for trans-Pacific flying this spring, coordinating schedules to make it easier for travelers to catch international flights in Chicago, Dallas and Los Angeles.
The moves underscore Chicago’s importance as a gateway for travel to northern Asia and are intended to boost passenger loads for JAL’s flights as the carriers begin to divvy up costs and share revenues on trans-Pacific routes, executives said. Get the full story »
AMR Corp. said American Airlines’ August traffic rose 3.1 percent, a bigger increase than the preceding month, on continued international strength.
Most U.S. airlines have been reporting notable increases in traffic as travelers return to flying. Airlines had been cutting capacity in recent years, first in response to record-high fuel prices and then to cope with a plunge in demand during the recession. Get the full story »
Delta Air Lines Inc, the world’s biggest air carrier, posted a better-than-expected second-quarter profit Monday, but revenue missed expectations and its shares fell more than 8 percent. The company’s third-quarter outlook raised concerns about the strength of the recovery for airlines, which are widely expected to post better results as travel demand improves from recession weakness. Other carriers’ shares were also off. Get the full story »
