Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?
After 14 months of passenger revenue decline, the Air Transport Association (ATA) announced that "a sampling" of U.S. carriers showed an increase of 1.4% in January compared to a year earlier. The ATA stated that roughly 0.4% fewer passengers traveled on U.S. airlines in January, the average price to fly a mile increased 0.6% - marking the first increase since November 2008. AirCarriers posts
FeedPassenger Revenue Increases for Airlines, First in 14 Months
After 14 months of passenger revenue decline, the Air Transport Association (ATA) announced that "a sampling" of U.S. carriers showed an increase of 1.4% in January compared to a year earlier. The ATA stated that roughly 0.4% fewer passengers traveled on U.S. airlines in January, the average price to fly a mile increased 0.6% - marking the first increase since November 2008. Continue reading Passenger Revenue Increases for Airlines, First in 14 Months
Continental Airlines posts a first-quarter loss, but tops expectations
It was a rough first quarter for Continental Airlines (NYSE: CAL), as the air carrier announced that it lost $136 million thanks to falling traffic. In addition, CAL saw a large amount of business travelers switching out of first class to save a few bucks in coach. During the quarter, CAL lost $1.10 per share. Excluding charges, CAL would have lost $1.07 per share. While the loss was larger than last year's first-quarter loss of 82 cents per share, CAL did manage to beat the Street's expected loss of $1.19 per share.
Quarterly revenue dropped to $3 billion from $3.57 billion last year, slightly higher than the expected $2.98 billion. CAL saw sales drop across all regions, with the U.S. and trans-Atlantic routes falling the most. CAL saw traffic drop 11.2% compared to a year ago, with empty planes outweighing the flights CAL cut. The company noted that it was helped by dropping fuel prices, as it spent nearly 42% less on fuel compared to a year ago.
Quarterly revenue dropped to $3 billion from $3.57 billion last year, slightly higher than the expected $2.98 billion. CAL saw sales drop across all regions, with the U.S. and trans-Atlantic routes falling the most. CAL saw traffic drop 11.2% compared to a year ago, with empty planes outweighing the flights CAL cut. The company noted that it was helped by dropping fuel prices, as it spent nearly 42% less on fuel compared to a year ago.
Continue reading Continental Airlines posts a first-quarter loss, but tops expectations
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
