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NEWS HEADLINES
Delta and Northwest filed for bankruptcy
Both cited the recent spike in jet fuel costs, which have soared nearly 20 percent since June 1, as prime reasons for seeking protection from creditors under Chapter 11 of federal bankruptcy laws. MORE |
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Northwest's Press Release on Chapter 11 Reorganization
Sept 14, 2005 -- NWA filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. MORE
Delta's Press Release for Chapter 11 Recoganization
Sept 14, 2005 -- Delta’s Board of Directors, in a unanimous decision, directed the company to take this action after determining that a Chapter 11 reorganization is in the best long-term interest of the company, its employees, customers, creditors, business partners and other stakeholders. MORE
New Orleans International Airport will reopen
Sept 14, 2005 -- Louis Armstrong New Orleans International Airport will reopen for the first scheduled passenger flight into the city by Northwest Airlines, followed by Delta Air Lines. MORE
Management at fault in bankruptcies
Sept 15, 2005 -- Experts say that airlines' financial woes were sown by mistakes made in boom years of late '90s. MORE |
Bankruptcies likely to have little effect on air travelers
Sept 15, 2005 -- With four major U.S. airlines in bankruptcy, travel experts say there will be hardship to go around. But passengers may have the least to fear. MORE
Delta, Northwest bankruptcies to have little near term impact on flights, fares.
Sept 15, 2005 -- The employees, creditors and investors at Delta and Northwest airlines are all likely to take hits in those carriers' bankruptcy filings, but few passengers will see their travel plans, or airfares, affected by the court action. MORE
More airline turbulence ahead
Sept 15, 2005 -- Despite five years of staggering losses, the nation's airline industry looks surprisingly close to the way it looked when the good times ended in 2000. MORE
Government warns airlines on pensions
Sept 15, 2005 -- The U.S. agency that insures private pensions warned Delta Air Lines Inc. and Northwest Airlines Corp. Thursday not to skip payments to their pension plans while they are in bankruptcy. MORE | | |
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Airline News |
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United Airlines Expands International Service through Code-share Agreement with South African Airways
Sept 12, 2005 – United Airlines today announced it has reached a code-share agreement with South African Airways, expanding international destination options for customers of both carriers. MORE
AA, UA complain to DG TREN that Italy is blocking codeshare rights
Sept 14, 2005 -- American and United Airlines have written a letter to European Commission Director for Transport Daniel Calleja complaining about the Italian government's refusal to allow them to add their codes to flights operated by their respective EU partner airlines between Milan Linate and European gateway cities, ATWOnline learned from a source close to DG TREN. MORE
America West Holdings Corporation Announces Results of Stockholder Vote on the Adoption of the Merger Agreement With US Airways
Sept 13, 2005 -- America West Holdings Corporation announced results of its special meeting of stockholders to vote on the proposed merger agreement with US Airways. MORE
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Delta Resumes Service to New Orleans
Sept 13, 2005 – Delta resumed operations to New Orleans and is expanding service to Gulfport/Biloxi, Miss. The first Delta flight arrived at Louis Armstrong International Airport in New Orleans at 11 a.m. today. MORE
Delta Offers Customers Introductory Fares for New Daily Service between Atlanta, Kalamazoo
Sept 12, 2005 – Delta offers new daily non-stop service between its largest hub in Atlanta and the scenic southwest Michigan destination. MORE
Creditors Approve US Airways Plan Of Reorganization;
Confirmation Hearing To Begin Thursday In Alexandria
Sept 14, 2005 -- US Airways' Chapter 11 Plan of Reorganization (POR), anchored by its proposed merger with America West Airlines, has been formally and overwhelmingly approved by the US Airways creditors. MORE
US airlines to lobby for tax relief
Sept 12, 2005 -- With jet fuel costs expected to rise by more than $9 billion this year, the Air Transport Assn. is pushing for tax relief from Congress and the Bush Administration. MORE |
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More flights connecting through smaller airports
Sept 12, 2005 -- Increasingly, travelers are being presented itinerary options that have them connecting in airports such as Louisville, Little Rock, Tulsa or Akron-Canton in Ohio. MORE
Difficult times have battered airlines
Sept 15, 2005 -- The slide into bankruptcy protection of two of the USA's largest airlines is more a result of the carriers' bad assumptions and slowness to act than the recent rise in fuel prices or the devastating terror attacks four years ago. MORE
ATA pilots continue negotiations after authorizing strike
Sept 13, 2005 -- The union representing 800 ATA pilots and flight mechanics has voted to authorize a strike, but its spokesman said Tuesday that renewed negotiations with the bankrupt airline were under way. MORE |
SkyTeam members offer amended antitrust application
Sept 12, 2005 -- Members of SkyTeam, facing opposition to their application for antitrust immunity from the US Dept. of Justice, quietly offered to amend the application to address DOJ concerns that the requested immunity would reduce competition in nontransatlantic international markets and on US domestic routes. The carriers--Northwest Airlines, Delta Air Lines, Alitalia, KLM, Air France and Czech Airlines--initially sought immunity to coordinate their worldwide operations excluding "coordination of prices, services and other marketing activities involving air transportation solely within the United States." MORE
Lost bags? Delays? Best, worst airlines.
Sept 15, 2005 -- Will the industry's financial woes cause trouble on your next trip? It depends on who you fly. MORE |
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Car / Rail / Cruise News
AMTRAK Service Alert: Temporary Changes to Routes and Stations Impacted by Hurricane Katrina. MORE
The Delta Queen Steamboat Company will not sail their regularly scheduled cruises this fall and winter (most feature New Orleans as an embarkation and/or debarkation point) due to Hurricane Katrina. MORE
Hurricane Ophelia is currently pounding the Atlantic coast but its waves and wind aren't impacting cruise ports in the general region, such as Norfolk, because there are no ships calling at the mouth of the Chesapeake this week. MORE
Seabourn Pride Cruise Line was impounded last weekend at the Irish port of Waterford as a result of safety-related issues in the ship's engine room. MORE
Ford Motor Co., aiming to focus more on building cars and trucks, will sell its Hertz Corp. rental car business for $5.6 billion in cash
National to introduce XM Satellite Radio to cars on the Emerald Club Aisle beginning with a number of the new Pontiac cars. MORE
Budget Offers Neighborhood Deal Starting At $18 A Day:
Now through December 15th, customers can rent a compact car for just $18 a weekend day or $139 a week. A mid-size vehicle is $26 a weekend day or $174 a week. And a full-size is just $29 a weekend day or $194 a week. MORE |
Hotel News
Cendant Buys Wyndham Franchising Rights
Sept 14, 2005 -- Cendant Hotel Group-franchisor of midprice, economy and budget hotel brands-today through an agreement with The Blackstone Group entered the upscale lodging market by purchasing the franchising rights to and management contracts of the Wyndham hotel brand. MORE
MGM Mirage has blockbuster design team for $5 billion project
Sept 15, 2005 -- MGM Mirage officials have assembled a who's-who list of architects for its $5 billion CityCenter project that the company hopes not only transforms the Strip into an urban hub but sets a new international design standard. MORE
Trump trumped in auction for his old property
Sept 13, 2005 -- The world's most famous real estate developer bid $25 million Tuesday for the 2.5 acres of beachfront property in Atlantic City where the Trump World's Fair Casino once stood. MORE
Hotel to auction itself off for Katrina charity
Sept 13, 2005 -- To raise money for Hurricane Katrina relief efforts, the Mount Washington Hotel is auctioning itself off online. The winner gets the complete use of the hotel — all 200 rooms, which accommodate 500 people. MORE
Hotels get more eco-friendly
Sept 14, 2005 -- Hotels are a significant contributor to global warming. Aside from linen, hotels have plenty of other dirty laundry to deal with, as well as water and waste. MORE |
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Other Industry Related News
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IRS Increases 2005 Mileage Rate By 8 Cents
Sept 12, 2005 -- Amid surging gas prices, the Internal Revenue Service today implemented a rare midyear adjustment to its allowable vehicle reimbursement rate for the remainder of 2005 to 48.5 cents per mile-8 cents higher than the rate for the first 8 months of this year. The rate is effective immediately. MORE |
Amex Reports Rising Business Travel Costs
Sept 13, 2005 -- Corporate travel clients during the second quarter on average paid higher hotel and car rental rates, and higher international airfares. MORE |
New Year's in New Orleans?
Sept 14, 2005 -- Though it could be years before some residential areas bounce back from Hurricane Katrina, Perry and other leaders say tourist areas will be ready for visitors far, far sooner. MORE | | |
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