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Airlines Shore Up Cash As Oil Prices Fall
Several major airlines said Thursday they are aggressively shoring up their cash positions amid their slow travel season. Falling oil prices will help in the long run, though bad fuel hedge bets could damper the enthusiasm in the near term, executives said. ...more
September 19, 2008
Flying Becoming More Expensive
The red ink is mounting for airlines amid soaring fuel costs, leaving them little choice but to further increase ticket prices. As Delta Air Lines and American Airlines reported big second-quarter losses last week, they signaled customers should expect more hits to their checkbooks. ...more
July 22, 2008
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