A barrel of oil gained 27 cents to $58.95 on the New York Mercantile Exchange. The previous day, prices slid $2.35 to $58.68, amid rising supplies and slack demand. Airline shares are highly sensitive to oil prices, as jet fuel is among the industry\'s biggest costs.
The nation’s largest airlines recorded a higher rate of on-time flights and a lower rate of cancellations this past August than in either the previous month or August of last year, according to the Air Travel Consumer Report released today by the U.S. Department of Transportation (DOT).
Airlines stocks jumped in Tuesday midday trading, as oil prices slid below $60 per barrel and the industry began its run of September traffic reports with stronger figures.
According to www.dfw.com, North Texas’ two majors, “American and Southwest airlines, aren’t likely to be swept up in any widespread consolidation, at least at first, analysts say”.
Canada and US fighter jets intercepted two Russian bombers late Thursday that skimmed the North American continent's northern frontier during a Russian training exercise, defense officials said.
Just two weeks after Frontier announced plans to for its own regional subsidiary, the Denver-based carrier also will now have to look for a replacement for current regional partner Horizon, according to The Denver Post and Air Transport World. Frontier...
