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Airlines hurt as Ukraine crisis lifts oil price
The global airlines industry on Wednesday lowered its profit forecast for this year after the Ukrainian crisis caused a spike in the price of fuel.
Exelon reports loss in first quarter
Exelon Corp., whose varied holdings include Baltimore-based Constellation Energy and Baltimore Gas & Electric Co., reported a loss in its first quarter due to lower market prices, higher nuclear fuel costs and higher operating and maintenance expenses, among other factors. The Chicago-based energy company reported a net loss of $4 million, or 1 cent per […]
Obama announces fuel standards for big vehicles
WASHINGTON — Fire trucks and concrete mixers, semis, heavy-duty pickups and all trucks in between will, for the first time, have to trim fuel consumption and emissions of heat-trapping gases under new efficiency standards announced Tuesday by President Barack Obama. The White House said the standards will save businesses billions of dollars in fuel costs, help […]
Southwest posts 2Q profit of $161 million
DALLAS — Southwest Airlines Co. boosted its second-quarter profit with higher fares and more traffic from the addition of AirTran, but fuel costs soared a stunning 64 percent higher than a year ago. After excluding special items such as gains from fuel-hedging contracts, Southwest’s profit was smaller than analysts expected. The company says that because of […]
Airlines collected $3.4 bln in bag fees in 2010
NEW YORK — The government says that airlines collected $3.4 billion in baggage fees last year, up 24 percent from 2009. The fees are typically $50 roundtrip for a first checked bag. Reservation and change fees accounted for an additional $2.3 billion, down 3 percent from 2009. The add-ons are one of the few bright […]
Vegas-based airline wants to let you gamble on fares
If Allegiant Air gets its way, you might be able to purchase a ticket where the final cost would rise and fall with the price of jet fuel. For the Las Vegas airline, it’s another way, besides higher fares and fees, to guard against rising fuel costs. For travelers, it’s a chance to gamble on […]
Major airlines raise fares; Southwest holds steady
DALLAS — Major U.S. airlines are raising fares again, and the only question this time might be the size of the increase. This is the sixth broad fare increase the airlines have tried this year. They are raising fares to cover higher jet fuel prices, and the strategy seems to be working. US Airways said […]
Airfare increases likely to stick
The airlines are at it again, imposing the first fare increase of the new year and the third within a month. The increase on many domestic routes ranges from $4 to $10 per roundtrip ticket, depending on the length of the flight. Southwest Airlines, which boasts about low fares, appears to be the prime mover […]
