THIS WEEK'S HEADLINES

Cendant Sells Travel Division to Blackstone Group
Cendant Corp. announced the sale of its travel distribution services unit, Travelport, to an affiliate of The Blackstone Group for approximately $4.3 billion. Read official message from Galileo America

Downgrade, oil prices send airline stocks tumbling
July 12, 2006 - Airline shares, including those of American and Southwest airlines, slid Tuesday after one analyst downgraded his outlook on three large carriers.

Airlines struggle to weather summer storms
July 11, 2006 - Airlines have wrestled with getting flights out safely while maintaining customer service.

Use of work air miles up for debate
July 10, 2006 - Clocking up air miles while you are traveling for work might seem like an attractive prospect -- until your employer tells you they are not yours to use.

TSA Delays Registered Traveler Program
July 10, 2006 - TSA Delays Program Allowing Frequent Flyers to Breeze Through Airport Security Checkpoints

Airlines may see first profitable quarter since 2000
July 12, 2006 - U.S. airlines are poised to report their first profitable quarter since 2000 thanks to strong travel demand, cost-cutting and disciplined management of capacity.

US Wants Passenger Info Before Departure
July 12, 2006 - US Homeland Security officials proposed on Wednesday making airlines transmit passenger names and other information to the government before an international departure, a change designed to keep suspected terrorists off US-bound flights.

US Airline Shares Drop On Ratings Downgrade
July 11, 2006 - US airline shares tumbled on Tuesday after ratings downgrades on several carriers said they remain vulnerable to industry pressures.