GM to Temporarily Lay Off 1300
General Motors will temporarily lay off 1,300 workers for five weeks at one of its Detroit plants.
United Airlines Hit by Technical Glitches
A merging of the reservation platforms of United Airlines and the former Continental Airlines caused flight delays, faulty kiosks and jammed phone lines this weekend.
Need to Ship? Freight Rates Turn Negative
If you’ve got a few tons of stuff to ship a several thousand miles, today is your lucky day. That’s because shipping rates have just gone negative.
American Airlines to Cut $2B in Costs, Slash Thousands of Jobs
American Airlines’ bankrupt parent AMR will cut more than $2 billion in annual costs, with more than half coming from at least 13,000 job cuts.
Carnival Shares Drop 20% After Costa Disaster
Carnival, the owner of the cruise ship that capsized off Italy's coast, estimated the impact to its 2012 earnings for loss of use alone to be around $90 million.
Delta, U.S. Airways 4Q Profits Fly Past Street Despite Expensive Fuel
Delta Air Lines posted a higher quarterly profit as fare increases helped offset a 20% rise fuel prices.
Boeing 4Q Results Soar by Estimates, But Fiscal View Disappoints
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's 4Q EPS Tops Views, But Fuel Costs Remain a Concern
Southwest Airlines widened its profit in the fourth quarter on stronger passenger revenues, however earnings still fell in fiscal 2011.
Delta, TPG Circle Around Bankrupt American Airlines: Report
Delta Air Lines and private-equity firm TPG Capital are reportedly both exploring separate bids to acquire bankrupt American Airlines parent AMR Corp.
American Airlines' Parent Company to Trim Management
AMR's CEO said the company will reduce its management and support staff to "redesign American's management structure."
JetBlue Offers Free Flight if Your Presidential Candidate Loses
JetBlue is looking to ease the pain for unhappy Americans on Nov.7 -- the day after the presidential election.
JetBlue Offers Free Flight if Your Presidential Candidate Loses
JetBlue is looking to ease the pain for unhappy Americans on Nov.7 -- the day after the presidential election.
Sandy Leaves Mass Transit Reeling, Millions Stranded in Greater NY
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.
Ford to Shutter 3 European Plants, Slash Jobs
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.
Last-Minute Glut Caused UPS Air Delays: Report
A glut of last-minute packages reportedly caused bottlenecks that impacted UPS' air business at its Louisville, Ky, hub on Christmas Eve.
Last-Minute Glut Caused UPS Air Delays: Report
A glut of last-minute packages reportedly caused bottlenecks that impacted UPS' air business at its Louisville, Ky, hub on Christmas Eve.
UPS, FedEx Playing Catchup A Day After Christmas
A surge in last-minute orders and bad weather in some parts of the country caused delivery problems this week for UPS and FedEx..
Report: Cessna Owner Textron Flies Away With Beechcraft for $1.4B
Textron, which makes Cessna planes, has reportedly agreed to acquire luxury plane maker Beechcraft for almost $1.4 billion.
Airline Profits On Track for Record Highs
A major aviation group is betting that airline profits will reach records levels in 2014 as fuel prices ease and demand continues to rise.
Pep Boys Plunges 10% on 3Q Results
Auto-care retailer Pep Boys saw its shares retreat 10% following weaker-than-expected quarterly revenue.















