Transportation

Boeing revealed a stronger-than-expected 20% increase in fourth-quarter profits and announced its biggest-ever European deal, however its shares slipped on a weaker fiscal guidance.

Southwest Airlines widened its profit in the fourth quarter on stronger passenger revenues, however earnings still fell in fiscal 2011. 

Delta Air Lines and private-equity firm TPG Capital are reportedly both exploring separate bids to acquire bankrupt American Airlines parent AMR Corp.

AMR's CEO said the company will reduce its management and support staff to "redesign American's management structure."

JetBlue is looking to ease the pain for unhappy Americans on Nov.7 -- the day after the presidential election. 

JetBlue is looking to ease the pain for unhappy Americans on Nov.7 -- the day after the presidential election. 

Officials began analyzing the damage brought by super storm Sandy to mass transit systems. However, it could be days until these systems are back to normal.

Slammed by shrinking demand on the other side of the Atlantic, Ford announced plans to pull the plug on a trio of European factories and slash its workforce there by nearly 6,000.

A glut of last-minute packages reportedly caused bottlenecks that impacted UPS' air business at its Louisville, Ky, hub on Christmas Eve.

A glut of last-minute packages reportedly caused bottlenecks that impacted UPS' air business at its Louisville, Ky, hub on Christmas Eve.

A surge in last-minute orders and bad weather in some parts of the country caused delivery problems this week for UPS and FedEx..

Textron, which makes Cessna planes, has reportedly agreed to acquire luxury plane maker Beechcraft for almost $1.4 billion. 

A major aviation group is betting that airline profits will reach records levels in 2014 as fuel prices ease and demand continues to rise.

Auto-care retailer Pep Boys saw its shares retreat 10% following weaker-than-expected quarterly revenue.

United Continental plans to significantly cut annual costs and increase revenue by 2017, hoping to at least double profits.

Boeing sees a $550 billion market opportunity in the Middle East over the next 20 years as demand for new airplanes in the region grows. 

Bain Capital is reportedly in advanced discussions with TI Automotive to acquire the auto parts maker in a deal approaching $2 billion.

With 25 million passengers expected to travel through U.S. airports Thanksgiving weekend, airlines are gearing up for the busiest travel day of the year, adding seats and tweaking ancillary fees.

Tesla's Model S electric car has suffered its third fire in six weeks, sending its shares down.

The automaker raised its annual profit forecast saying it expects 16.95 billion in net profit in the near year ending March 2014.