Midwest Air warns on profit, cites weak fares
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Midwest Air Group Inc. , which is trying to fend off a hostile takeover by AirTran Holdings Inc. , said on Tuesday that second-quarter earnings would fall below analysts' expectations and possibly year-earlier profit because of weak fares.
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Continental Airlines CAL.N on  Thursday said failure to achieve $500 million in annual wage  cost reductions by Feb. 28 could result in inadequate  liquidity.
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Continental Airlines Inc., the No. 4 U.S. carrier, said on Tuesday that domestic air fares are coming under pressure even as demand strengthens.
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The company will begin payments ranging from $25 toward a future flight to a round-trip ticket to passengers kept waiting by the airlineâs own mistakes.
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Southwest Airlines Co , the leading U.S. discount carrier, said on Wednesday that quarterly earnings fell 16.5 percent on higher fuel costs and sluggish demand.
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The Federal Aviation Administration is facing some of the same problems that are driving the airlines to bankruptcy, rising costs and declining income.
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The airline attempts to offset revenue shortfalls with a new tax on tickets.
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Airlines worldwide may make a combined profit of $1.2 billion next year, their first since 2000, as fuel prices fall from record highs and passenger traffic increases, the International Air Transport Association said.
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As the carrier struggles to survive a second bankruptcy filing, analysts say its operations would be of scant value to other airlines if it were forced out of business.
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American Airlines holding company AMR Corp. (AMR: Research, Estimates) on Wednesday said the airline&#39;s August revenue was weaker than expected after hurricanes and high fuel prices
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United Airlines&#39; parent company posted a $274 million third-quarter loss and reiterated its need to slash labor costs. The company said that in the fourth quarter it may not be able to comply with a covenant
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The company will add fewer planes to its fleet and will tweak its flight schedule as it grapples with a slowing economy and high fuel costs.
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Holiday group MyTravel says annual profit will be less than expected after its sales were hit by recent security alerts.
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AirTran Holdings Inc.  said on  Wednesday it had offered to buy rival Midwest Air Group Inc.  .
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BRUSSELS  - Surging oil prices and competition from low-cost rivals are melting prospects of a "modest profit" this year for many of Europe's main carriers, the Association of European Airlines reported Friday.
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Business & money: Defiant boss vows to continue low-fares battle as earnings growth slowing to small loss next winter.
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To draw business from smaller airlines operating out of a nearby airport, American Airlines has lowered its fares at Miami International.