AMR Corporation, the parent company of American Airlines, Inc., reported a net loss of $359 million for the third quarter of 2009, or $1.26 per share. Traffic plummeted 20 percent, with a significant reduction among business travelers.
Continental Airlines reported a third-quarter 2009 net loss of $18 million ($0.14 diluted loss per share). Excluding $20 million of previously announced special charges, Continental recorded net income of $2 million ($0.02 diluted earnings per share).
Continental Airlines reported a third-quarter 2009 net loss of $18 million ($0.14 diluted loss per share). Excluding $20 million of previously announced special charges, Continental recorded net income of $2 million ($0.02 diluted earnings per share).
Imposition of a 1 percent increase in the hotel tax in the Turks and Caicos has been postponed to Nov. 1.
Imposition of a 1 percent increase in the hotel tax in the Turks and Caicos has been postponed to Nov. 1.
FareCompare.com, an influential airfare monitoring service, reports an unusually large number of domestic U.S. city pairs with an increase of up to $16 roundtrip –a hike initiated by American Airlines. FareCompare.com says Continental and Southwest started matching AA, quickly followed by Delta/Northwest, United and US Airways.