The International Air Transport Association on Monday further downgraded its 2011 airline industry profit forecast to $4 billion, which would represent a 78 percent drop compared to last year.
On Thursday morning, American Airlines Group announced that they had ordered 90 large regional jets with options for an additional 130. The orders will be split between Embraer S.A. of Brazil and Bombardier, Inc. of Canada, and...
Southwest Airlines on early Monday morning announced that it has entered into a definitive merger agreement with AirTran Airways to acquire the airline for nearly $1.4 billion.