Karen's Feed
Nov 28, 2012

Analysis: U.S. pilots vote on deals, other airline staff agitate

By Karen Jacobs

(Reuters) – Pilots at United Airlines and American Airlines are due to vote in coming weeks on new labor contracts that in some cases offer the first significant raises in almost a decade.

The pay gains reflect better financial times at airlines, and partially offset years of concessions the pilots made as airlines went through bankruptcies and endured huge losses.

Nov 15, 2012

Housing not yet out of the woods: Bernanke

ATLANTA (Reuters) – The improving housing market is “far from being out of the woods,” Federal Reserve Chairman Ben Bernanke said on Thursday, arguing that overly tight lending standards are part of the problem.

The Fed, which has focused on mortgage bonds in its latest round of asset purchases, will continue to do what it can to support the housing market, Bernanke said in a speech that avoided policy specifics.

Nov 15, 2012

U.S. housing not yet out of the woods-Bernanke

ATLANTA, Nov 15 (Reuters) – The improving U.S. housing
market is “far from being out of the woods,” Federal Reserve
Chairman Ben Bernanke said on Thursday, arguing that overly
tight lending standards are part of the problem.

The Fed, which has focused on mortgage bonds in its latest
round of asset purchases, will continue to do what it can to
support the housing market, Bernanke said in a speech that
avoided policy specifics.

Nov 1, 2012

Airlines look to resume full flight schedules in New York area

Nov 1 (Reuters) – Major U.S. airlines moved to build up
service in the New York area on Thursday, with the number of
canceled flights easing as LaGuardia Airport re-opened for
business in the wake of Hurricane Sandy.

Airlines had canceled about 750 flights for Thursday as of
late afternoon, according to flight-tracking service
FlightAware.com. That was the lowest daily tally of halted
flights since airlines began cutting their U.S. flying on Sunday
ahead of the storm.

Oct 30, 2012

Travelers, cargo stranded as U.S. airports, rails assess damage

Oct 30 (Reuters) – As rail, transit, airline and port
workers dug through debris, dealt with power outages and
assessed damage on Tuesday, one thing became increasingly clear:

Restoring transportation could take some time.

Hurricane Sandy’s assault on the Eastern U.S. so brutally
flooded tracks and roads, felled trees and downed power lines,
it could be days or weeks before travelers and cargo are moving
around normally again, officials said.

Oct 30, 2012

Hurricane Sandy hits travel, cargo

By Karen Jacobs and Nick Zieminski

(Reuters) – Transportation ground to a halt along the U.S. Northeast coast on Monday, stranding local rail commuters, cruise passengers and air travellers from as far away as Europe and Asia, as Hurricane Sandy prompted closure of air, ship, rail and even highway service.

The transport woes also hit cargo operations, adding another dimension to the storm’s economic toll.

Oct 29, 2012

Hurricane Sandy hits travel, cargo; costs unclear

Oct 29 (Reuters) – Transportation ground to a halt along the
U.S. Northeast coast on Monday, stranding local rail commuters,
cruise passengers and air travelers from as far away as Europe
and Asia, as Hurricane Sandy prompted closure of air, ship, rail
and even highway service.

The transport woes also hit cargo operations, adding another
dimension to the storm’s economic toll.

Oct 29, 2012

Hurricane Sandy hits travel, cargo operations; costs unclear

Oct 29 (Reuters) – Transportation ground to a halt along the
U.S. Northeast coast on Monday, stranding local rail commuters,
cruise passengers and air travelers from as far away as Europe
and Asia, as Hurricane Sandy prompted closure of air, ship, rail
and even highway service.

The transport woes also hit cargo operations, adding another
dimension to the storm’s economic toll.

Oct 25, 2012

United Continental profit falls, shares down

By Karen Jacobs

(Reuters) – United Continental Holdings Inc (UAL.N: Quote, Profile, Research, Stock Buzz), the world’s biggest airline, missed Wall Street estimates for third-quarter profit as revenue fell and expenses rose, sending its shares down nearly 4 percent on Thursday.

The company, formed when United bought Continental Airlines in 2010, said it was out to win back customers who turned to competitors after technology changes hurt service and revenue performance over the summer.

Oct 23, 2012

American Airlines pilots union cites progress in labor talks

Oct 23 (Reuters) – The union representing American Airlines
pilots said on Tuesday that talks on a new labor contract with
the airline were moving forward, but the airline said only that
it was continuing to work toward a deal.

American and its parent AMR Corp have made
“encouraging” changes to some positions in recent talks, said
Dennis Tajer, a spokesman for the Allied Pilots Association.