JetBlue says delays could cost $30 mln
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JetBlue Airways Corp. said on Tuesday reimbursing passengers stuck on about 1,000 delayed flights and updating its operations to prevent further problems could cost the airline $30 million or more, sending its shares down more than 5 percent.
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Airlines hoping to begin flying the world's largest passenger aircraft will have to wait at least another year after the plane's European maker announced yesterday a third major delay in delivering the super-jumbo jet.
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Airbus parent EADS EAD.PA confirmed   fresh delays to its A380 superjumbo on Thursday, but said it   was too early to say how long the third postponement in   deliveries would last or how much it would cost.
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European aircraft maker Airbus is likely to announce further delays to its A380 superjumbo because of production problems with cabling, company sources said.
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Shares of JetBlue Airways Corp.  fell nearly 8 percent in premarket trading on Wednesday after warning that the recent hurricanes in Florida would hurt its earnings.
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US airline JetBlue warns recent flight cancellations and high fuel prices will lead to widening losses.
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Deutsche Lufthansa AG , Germany's national flag-carrier, will buy a 19 percent stake in low-cost U.S. airline JetBlue Airways Corp  in a deal worth about $300 million, the two airlines said on Thursday.
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European aerospace group EADS has admitted that its Airbus superjumbo airliner is set for further delays, after a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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JetBlue passengers hoping to travel on Monday, a national US holiday, face further delays and cancellations.
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JetBlue expected a wider first-quarter loss and lower full-year profit, as it absorbed the effect of more than 1,000 flight cancellations last week.
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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.
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Air Canada has agreed to buy 30  Canadair Regional Jets from Bombardier Inc. BBDb.TO in a  contract valued at $821 million, the companies said on Monday,  but the order falls 15 jets short of an earlier plan.
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After canceling nearly a quarter of its weekend flights, JetBlue announced that it will extend widespread cancellations into Monday as it attempts to recover from a Valentine's Day ice storm that snarled operations at its main hub in New York.
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Hundreds of passengers who were stranded on parked JetBlue planes for up to 10 1/2 hours could have been evacuated sooner if the airline had not waited to ask airport officials for help, the company founder said Thursday.
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Volkswagen says it may need to slash 30,000 jobs if unions refuse to agree to pay freezes at next week's talks.
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Lufthansa will pay $305 million for the stake in JetBlue Airways, the discount airline, the companies announced.
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NEW YORK, Dec. 13 -- Germany's biggest airline, Deutsche Lufthansa, said Thursday that it would pay $300 million for a 19 percent stake in JetBlue Airways, whose stock has lost about two-thirds of its value since an operational crisis last Valentine's Day.