December 12, 2014 |
Airlines are enjoying record profits as oil prices drop and the global economy improves. So far, though, airlines have not passed on their profits to passengers in the form of lower airfares. But that may change. The fall in fuel prices and upturn in the economy could benefit consumers with cheaper travel, the International Air Transport Association (IATA) in Geneva said Wednesday. The trade group for the world's airlines predicted the average fare could drop 5.1 percent in 2015, excluding taxes and surcharges.
December 10, 2014 |
American Airlines CEO Doug Parker said the first year since US Airways and American officially merged "has gone really well, but we are by no means done. " Since the merger was completed a year ago Tuesday, operations have been combined in more than 80 airports. Dozens of aircraft have been painted in the new American colors. Passengers can access both airlines' networks through "codeshare" ticketing. Frequent fliers can earn and redeem travel miles on US Airways and American flights.
November 26, 2014 |
Travelers heading to London from Philadelphia will soon have more flight choices. Delta Air Lines announced Monday that it would begin a new nonstop flight from Heathrow Airport to Philadelphia with airline partner Virgin Atlantic starting April 8. American Airlines also announced Monday that it will add a new nonstop morning flight to Heathrow beginning March 29. US Airways currently has two evening flights from Philadelphia to London....
November 6, 2014 |
US Airways and American Airlines, which are combining their frequent-flier programs, will continue to reward miles for travel based on distance flown, not fares paid. That benefits leisure travelers, who hunt for bargain fares, in contrast to business travelers, who often book expensive last-minute tickets. US Airways Dividend Miles members, who fly occasionally, won't notice much difference - they will get a new American frequent-flier number next year. US Airways' most frequent jet-setters, who log 25,000 miles or more a year, will see changes.
October 25, 2014 |
U.S. airline stocks rallied Thursday after several carriers reported healthy third-quarter profits, helped by strong bookings and declining jet-fuel prices. Ebola fears have not noticeably discouraged travel, airline executives said. "The demand environment remains solid, and strong revenue trends have continued," Southwest Airlines chief financial officer Tammy Romo said on an investor call. American Airlines, Southwest, and JetBlue Airways posted record profits for the three months ended Sept.
August 27, 2014 |
American Airlines and its merger partner, US Airways, are renovating a warehouse at Philadelphia International Airport to include refrigeration for pharmaceuticals and other health-care products. When it opens this fall, the temperature-controlled plant will be able to handle four to five times the current amount of perishable, time-sensitive, and valuable airfreight, including vaccines and blood products, that arrive and leave in the belly of planes on US Airways and American passenger flights.
August 7, 2014 |
George E. Westwood III, 60, a Philadelphia native who rose to the rank of captain in the Navy and served during the Gulf war and in Afghanistan, died July 28 after a long struggle with lung cancer. Mr. Westwood, who lived in Jacksonville, Fla., died during a visit to the Mayo Clinic in Jacksonville, said his daughter Mary Lena. He was born in Philadelphia and graduated from William Penn Charter School. He then attended Rollins College in Florida and graduated with a bachelor's degree in psychology.
August 7, 2014 |
Soon the only thing that might distinguish first class from economy travel on some shorter US Airways and American Airlines flights will be roomier seats, more leg room - and free cocktails. One more accoutrement of air travel is disappearing: the complimentary three-course meal in the "premium" cabin on many domestic flights. Starting Sept. 1, American, which recently merged with US Airways, Philadelphia's dominant airline, will offer snacks instead of a full meal in first class and business class on most flights of less than two hours and 45 minutes in duration.
July 26, 2014 |
U.S. airlines made money in the second quarter, beating analysts' expectations, as they flew fuller planes and garnered higher passenger revenue. American Airlines, which merged with US Airways in December, announced it would pay its first dividend since 1980, based on a record quarterly profit. The merged US Airways and American, which combined have more than 75 percent of the flights at Philadelphia International Airport, reported net income of $864 million, or $1.17 a share.
July 25, 2014 |
Delta Air Lines said Wednesday that its Trainer oil refinery in Delaware County produced a $13 million profit in the second quarter. Delta, the first U.S. airline to report earnings, posted a second-quarter profit of $889 million, or $1.04 a share, that beat analysts' estimates, driven by strong passenger demand and higher revenue from corporate contracts. Revenue rose 9.4 percent to $10.6 billion. "We will post even better results in the third quarter, with a forecast operating margin of 15 percent to 17 percent," Delta chief executive officer Richard Anderson said on a conference call.