AMR Corporation, parent of American Airlines, reported a net loss of $162 million in the third quarter, blaming the volatility of crude oil prices and foreign exchange rates. Because its fuel hedging was ineffective, American said it paid $653 million more for fuel in the third quarter of 2011 than it would have a year ago.

Jamaican tourism minister Edmund Bartlett has welcomed the UK government’s decision to reduce Air Passenger Duty (APD) on long-haul flights from Northern Ireland describing the decision as “heartening” and “a very positive sign".

The boards of LAN and TAM have decided to continue with their plans to merge after analyzing the resolution of the Tribunal de Defensa de la Libre Competencia, Chile’s antitrust court. They don’t expect the measures to have a significant impact on expected synergies or future strategic development.

GOL Linhas Aereas Inteligentes S.A., the largest low-cost and low-fare airline in Latin America, has signed a Memorandum of Understanding with the Argentinean airline, Aerolineas Argentinas, calling for the implementation of a codeshare agreement.

The U.S. Travel Association is opposing the Obama Administration's proposal to increase the Aviation Passenger Security Fee and divert a portion of the fees into the General Fund.

The Kuoni Group has revealed plans to restructure its business into three divisions, as part of its goal to expand in Asia.