Aviation

Reportedly Alaska Air Close to a $2 billion Acquisition Deal for Virgin America

Reportedly Alaska Air Close to a $2 billion Acquisition Deal for Virgin America

On Saturday, reports said that Alaska Air Group Inc is close to settling a deal to buy Virgin America Inc. Virgin is the ninth biggest airline in the United States by passenger traffic. The deal is expected to be for greater than $2 billion. The bid surpassed the offer from JetBlue Airways Corp.

The acquisition would ushering the first commercial airline merger in the United States after US Airways and American Airlines merged in 2013. It formed the largest carrier in the world.

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American Airlines Announced a Profit Sharing Program to Improve Relation with Workers

American Airlines Announced a Profit Sharing Program to Improve Relation with Wo

American Airlines Group Inc. that has been making an effort to improve its relation with its workers gave in to the pressure from employees to adopt a profit-sharing program. For a while the airline's main focus has been to improve the labor relations and to perk up its performance.

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American Airlines first-quarter profit better than forecast

American Airlines first-quarter profit better than forecast

On Friday, American Airlines Group Inc reported first-quarter profit, slightly higher than estimated by analysts. The airline also announced a $0.10 dividend thanks to cheap fuel that helped its bottom line. American is the world's largest passenger carrier.

Last quarter, the airline earned $932 million, approximately double its profit a year earlier. According to Thomson Reuters I/B/E/S, apart from special items, the airline earned $1.2 billion, or $1.73 per diluted share, compared to analysts' average forecast of $1.71 per diluted share.

American Airlines flight from Dallas makes Emergency Landing on Monday

American Airlines flight from Dallas makes Emergency Landing on Monday

An emergency landing has been made by American Airlines flight from Dallas when the pilots sensed an `unusual odor' in the cockpit. The plane was traveling to Cedar Rapids, Iowa, from Dallas-Fort Worth when diverted to Tulsa.

The plane landed safely at Tulsa International Airport, and the 63 passengers and a crew of four were taken to the terminal. Tulsa International Airport spokeswoman Alexis Higgins said that the passengers were asked to get down when airport responders ensure that everybody was ok. The passengers were provided with transportation to the terminal building.

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Qantas partnering with Samsung to trial the use of Gear VR headsets

Qantas partnering with Samsung to trial the use of Gear VR headsets

Qantas Airways Limited, the flag carrier of Australia is partnering with Samsung to trial the use of Gear VR headsets. The main aim behind it is to provide a much more immersive in-flight entertainment experience to the customers.

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American Airlines reports $1.1 billion Earnings in Fourth Quarter

American Airlines reports $1.1 billion Earnings in Fourth Quarter

On Tuesday, American Airlines announced that the aviation major earned $1.1 billion in the fourth quarter and $4.2 billion for all of 2014. The profits excluded special charges and items. American Airlines earned $597 million for the fourth quarter and $2.9 billion for the year. These numbers represent the best fourth quarter and full year in the history of American Airlines.

The company also reported the biggest profit that surpassed No. 2 Delta Air Lines by $1.35 billion.

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Frontier Airlines to Outsource 1,300 workers

Frontier Airlines to Outsource 1,300 workers

On Friday, Frontier Airlines announced that it will outsource around 1,300 employees. This move in which the employees will be replaced with contract workers will affect around a third of the carrier's total workforce.

It is said that the airline's outsourcing will look around 1,160 jobs in Denver and another 140 in Mikwaukee. The company also unveiled that it plans to outsource the jobs in Mikwaukee to a privately held company based in Nashville.

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Passengers should Refrain from Mobile Phone Use during Takeoffs and Landings

Passengers should Refrain from Mobile Phone Use during Takeoffs and Landings

The nation's largest flight attendants union wants airline passengers to return to stowing cell phones and other electronics at the time of takeoffs and landings.

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Malaysia Airlines suspends Trading in its Shares

Malaysia Airlines suspends Trading in its Shares

Struggling Malaysian Airlines (MAS) revealed on Friday that it is suspending trading in its shares. The news came out before an announcement was made later in the day on restructuring plan to enable the carrier remain afloat following two devastating air tragedies.

State investment fund Khazanah Nasional, owner of 70% of Malaysia Airlines, made the announcement for plans of delisting and taking the airline private. Now, it is expected that the plans pertinent to reforms will be announced during a press briefing at 3.00pm.

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U-2 Spy Plane Responsible for Delaying Flights at Los Angeles Airport

U-2 Spy Plane Responsible for Delaying Flights at Los Angeles Airport

U-2 spy plane has been blamed for computer glitch at a California air traffic control center and delaying number of flights to and from several airports in the Southwestern United States. Technical failures at the Federal Aviation Administration (FAA) center resulted in delay of arrival and departure of flights at Los Angeles International Airport.

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