Travel industry recovery from attacks on the US

[dbaker]

Boeing Works to Support Jet Financing

SEATTLE (Reuters) - Boeing Co. (NYSE:BA - news) said on Thursday it was working to help troubled airlines take delivery of commercial jets on order by arranging financing from both its in-house financing unit and the biggest industry lessors.

[dbaker]

Boeing Works to Support Jet Financing

SEATTLE (Reuters) - Boeing Co. (NYSE:BA - news) said on Thursday it was working to help troubled airlines take delivery of commercial jets on order by arranging financing from both its in-house financing unit and the biggest industry lessors.

[dbaker]

Airline Bailout Lets U.S. to Take Stake

WASHINGTON (Reuters) - A last-minute addition to a $15 billion federal bailout for the airline industry clears the way for the government to take an equity stake in the carriers that would benefit most from the aid package.

[dbaker]

Airline Bailout Lets U.S. to Take Stake

WASHINGTON (Reuters) - A last-minute addition to a $15 billion federal bailout for the airline industry clears the way for the government to take an equity stake in the carriers that would benefit most from the aid package.

[dbaker]

Bush signs $15B bill to compensate airlines

WASHINGTON (AP) — President Bush signed a $15 billion aid package Saturday for the nation's airline industry, which has suffered mounting economic losses since the Sept. 11 terrorist attacks.

The legislation "will provide urgently needed tools to assure the safety and immediate stability of our nation's commercial airline system," Bush said in a statement.

[dbaker]

Bush signs $15B bill to compensate airlines

WASHINGTON (AP) — President Bush signed a $15 billion aid package Saturday for the nation's airline industry, which has suffered mounting economic losses since the Sept. 11 terrorist attacks.

The legislation "will provide urgently needed tools to assure the safety and immediate stability of our nation's commercial airline system," Bush said in a statement.

[dbaker]

SmartMoney.com - Stock Watch
The Somewhat Friendlier Skies

THE AIRLINE BUSINESS has seen happier times, no doubt about it. Since Sept. 10, the day before the terrorist attacks, the Dow Jones Airline Index has fallen 33%, with UAL (NYSE:UAL - news), parent of United, and Continental (NYSE:CAL - news) sliding 40% and 61%, respectively.

On Monday, however, things started looking a little brighter. Despite the formidable challenges that remain in the wake of the attacks — including a dramatic slowdown in traffic and higher costs associated with tighter security — investors started to nibble on stocks in the troubled sector. United, for example, added nearly 5.5%, while Continental jumped nearly 6%, and Delta Air Lines (NYSEAL - news) climbed almost 7%. The fact that President Bush on Monday signed the Air Transportation Safety and Stabilization Act — which promises $5 billion in cash and the potential for up to $10 billion in government-guaranteed loans — certainly didn't hurt.

[dbaker]

SmartMoney.com - Stock Watch
The Somewhat Friendlier Skies

THE AIRLINE BUSINESS has seen happier times, no doubt about it. Since Sept. 10, the day before the terrorist attacks, the Dow Jones Airline Index has fallen 33%, with UAL (NYSE:UAL - news), parent of United, and Continental (NYSE:CAL - news) sliding 40% and 61%, respectively.

On Monday, however, things started looking a little brighter. Despite the formidable challenges that remain in the wake of the attacks — including a dramatic slowdown in traffic and higher costs associated with tighter security — investors started to nibble on stocks in the troubled sector. United, for example, added nearly 5.5%, while Continental jumped nearly 6%, and Delta Air Lines (NYSEAL - news) climbed almost 7%. The fact that President Bush on Monday signed the Air Transportation Safety and Stabilization Act — which promises $5 billion in cash and the potential for up to $10 billion in government-guaranteed loans — certainly didn't hurt.

[dbaker]

Delta Joins Major Carriers in Cost Cuts, Plans to Lay Off 16% of Work Force

ATLANTA -- Delta Air Lines , the final major carrier to announce layoffs during recent days, said it will cut 13,000 jobs, or 16% of its work force, through a variety of voluntary programs and layoffs.

[dbaker]

Delta Joins Major Carriers in Cost Cuts, Plans to Lay Off 16% of Work Force

ATLANTA -- Delta Air Lines , the final major carrier to announce layoffs during recent days, said it will cut 13,000 jobs, or 16% of its work force, through a variety of voluntary programs and layoffs.

[dbaker]

Swissair Suspends Operations

CHICAGO/LONDON (Reuters) - Cash-strapped Swissair Group (SWSZn.VX) suspended operations indefinitely on Tuesday and faced the risk of becoming the biggest aviation casualty of the September 11 hijacking attacks in the United States.

[dbaker]

Swissair Suspends Operations

CHICAGO/LONDON (Reuters) - Cash-strapped Swissair Group (SWSZn.VX) suspended operations indefinitely on Tuesday and faced the risk of becoming the biggest aviation casualty of the September 11 hijacking attacks in the United States.

[dbaker]

United Airlines Announces Schedule At Reopened Washington Reagan National Airport

CHICAGO, Oct. 2 /PRNewswire/ -- United Airlines (NYSE: UAL - news) today announced it will operate six roundtrip flights a day starting this Thursday between Washington's Ronald Reagan National Airport and Chicago's O'Hare International Airport, with the possibility of additional service before the end of the month. United will be in full compliance with all FAA-mandated security requirements for operating to and from Reagan National.

[dbaker]

United Airlines Announces Schedule At Reopened Washington Reagan National Airport

CHICAGO, Oct. 2 /PRNewswire/ -- United Airlines (NYSE: UAL - news) today announced it will operate six roundtrip flights a day starting this Thursday between Washington's Ronald Reagan National Airport and Chicago's O'Hare International Airport, with the possibility of additional service before the end of the month. United will be in full compliance with all FAA-mandated security requirements for operating to and from Reagan National.

[dbaker]

Airlines Slash Business, Leisure Fares

CHICAGO (Reuters) - Three major U.S. airlines on Tuesday offered discounts of up to 50 percent on air fares for business and leisure travel in an effort to boost traffic slowed by the Sept. 11 attacks on the United States.

[dbaker]

Airlines Slash Business, Leisure Fares

CHICAGO (Reuters) - Three major U.S. airlines on Tuesday offered discounts of up to 50 percent on air fares for business and leisure travel in an effort to boost traffic slowed by the Sept. 11 attacks on the United States.

[dbaker]

US airlines see no flight changes after Afghan attack

NEW YORK, Oct 7 (Reuters) - Major U.S. airlines see little impact to their flight schedules after Sunday's strikes by the United States and Britain in Afghanistan because they have no or few operations in the region.

[dbaker]

US airlines see no flight changes after Afghan attack

NEW YORK, Oct 7 (Reuters) - Major U.S. airlines see little impact to their flight schedules after Sunday's strikes by the United States and Britain in Afghanistan because they have no or few operations in the region.

[dbaker]

Airline Bailout Could Be Boon for U.S. If Government Takes Stakes in Carriers

WASHINGTON -- If the airlines survive the current turbulent times, one institutional investor could gain big: Uncle Sam.

Under the bailout legislation rushed through Congress after the Sept. 11 terrorist attacks, the federal government will be able to take an equity stake in any airline that seeks credit assistance. The bailout law provided $5 billion in direct subsidies to offset industry losses arising from the federally mandated shutdown of the nation's airways, and $10 billion more in loan guarantees to help companies manage the rough months ahead.

[dbaker]

Airline Bailout Could Be Boon for U.S. If Government Takes Stakes in Carriers

WASHINGTON -- If the airlines survive the current turbulent times, one institutional investor could gain big: Uncle Sam.

Under the bailout legislation rushed through Congress after the Sept. 11 terrorist attacks, the federal government will be able to take an equity stake in any airline that seeks credit assistance. The bailout law provided $5 billion in direct subsidies to offset industry losses arising from the federally mandated shutdown of the nation's airways, and $10 billion more in loan guarantees to help companies manage the rough months ahead.