Transportation

Fiat Says 'No Assurance' Chrysler IPO Will Happen

Fiat said Chrysler's regulatory filing for an IPO doesn’t necessarily foreshadow a stock sale, as the Italian company continues to seek a deal for full ownership of the Big Three automaker.

Airlines Slash Profit Forecast for 2013

Citing weaker growth in some parts of Asia and lower freight demand, global airlines reduced their 2013 industry profit forecast by 8%to $11.7 billion.

Virgin Galactic to Offer Space Travel Adventures

Virgin Galactic will be offering trips to outer space within the next two years, for the price of $200,000 per ticket. Travelers have booked from all around the world, according to the Wall Street Journal.

Could Better Tech Prevent Train Wrecks?

A deadly train incident on the Metro North rail line in New York this week is yet another reminder of the potential dangers surrounding commuters. Yet new technology is in the process of being implemented, in an effort to make trains safer. 

United Continental Profit Misses

United Continental Holdings reported fourth-quarter profit below analysts' expectations and said it expects unit revenue to keep sinking as sharply lower oil prices hurt sales to energy clients around the airline's Houston hub.

Southwest Air Profit Meets Expectations

Southwest Airlines reported a fourth-quarter profit in line with analysts' expectations and said it expected first-quarter operating unit revenue to be unchanged from a year earlier.