Karen's Feed
Jan 13, 2014

Fed’s Lockhart gives cautious backing to more QE cuts

ATLANTA (Reuters) – A top U.S. central banker on Monday cautiously endorsed further cuts to a stimulative bond-buying program, warning the labor market has not yet healed and that there are worrisome signs of disinflation in the economy.

Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, also suggested the central bank should clarify its future plans for raising interest rates now that U.S. unemployment has dropped to 6.7 percent – close to the Fed’s stated threshold of 6.5 percent for considering tighter policy.

Jan 7, 2014

Arctic freeze disrupts North American air travel

By Karen Jacobs

(Reuters) – Glacial temperatures gripping large parts of the United States and Canada disrupted thousands of flights on Tuesday, creating more challenges for airlines seeking to recover from recent snow and ice storms.

JetBlue Airways resumed departures from New York and Boston airports after shutting down flights in those cities on Monday evening to protect crews and aircraft as it sought to recover from recent snow and low temperatures.

Jan 7, 2014

Airlines cancel flights as cold hobbles operations

By Karen Jacobs

(Reuters) – Airlines canceled more than 4,400 flights on Monday as extreme cold in the U.S. Midwest and Northeast froze fuel lines to airplanes and posed exposure hazards for employees working on the tarmac.

JetBlue Airways took the most drastic step of any airline by suspending all flights at New York and Boston airports on Monday, with plans to gradually resume them on Tuesday.

Jan 7, 2014

U.S. airlines cancel flights as cold hobbles operations

Jan 6 (Reuters) – Airlines canceled more than 4,400 flights
on Monday as extreme cold in the U.S. Midwest and Northeast
froze fuel lines to airplanes and posed exposure hazards for
employees working on the tarmac.

JetBlue Airways took the most drastic step of any
airline by suspending all flights at New York and Boston
airports on Monday, with plans to gradually resume them on
Tuesday.

Jan 6, 2014

JetBlue, other airlines cancel flights as cold hobbles operations

By Karen Jacobs

(Reuters) – JetBlue Airways said it planned to suspend flights at New York and Boston airports later on Monday, and gradually resume them on Tuesday, as extreme cold hobbled airline operations in the U.S. Midwest and Northeast regions.

Temperatures below zero in the U.S. Midwest were making it difficult for airlines to fuel planes and posing exposure hazards for ramp employees.

Dec 11, 2013

Southwest Air to bid aggressively for Reagan National slots

Dec 11 (Reuters) – Southwest Airlines Co plans to
bid aggressively for takeoff and landing rights at Reagan
National Airport near Washington, as it looks to bring more
competition to the nation’s capital, a senior company executive
said.

The slots are coming up for sale as American Airlines Group
Inc makes divestitures required under a settlement with
the U.S. Department of Justice that allowed AMR and US Airways
to merge.

Dec 9, 2013

American Air to seek more corporate customers after merger

DALLAS, Dec 9 (Reuters) – American Airlines Group,
the world’s biggest airline after AMR Corp’s merger with US
Airways Group, intends to take advantage of its broad global
network to win more corporate customers, the company’s president
said.

American Airlines parent AMR Corp and US Airways sealed
their $18 billion merger on Monday. Shares of the carrier are
trading on Nasdaq under the symbol “AAL.”

Dec 6, 2013

Southwest, Virgin win waiver to purchase LaGuardia slots

ATLANTA/WASHINGTON (Reuters) – Southwest Airlines (LUV.N: Quote, Profile, Research, Stock Buzz) is purchasing 22 of the 34 takeoff and landing slots at New York’s LaGuardia Airport that American Airlines (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) has given up in return for government approval of its merger with US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz).

Virgin America plans to buy the remaining 12.

US Airways and American agreed to give up dozens of airport slots to settle a lawsuit brought by the Department of Justice that sought to block the airlines from merging to create the world’s largest carrier.

Dec 5, 2013

Southwest, Virgin America to buy LaGuardia slots -sources

ATLANTA/WASHINGTON, Dec 4 (Reuters) – Southwest Airlines
and Virgin American will buy the take-off and landing
slots at New York’s LaGuardia Airport that US Airways Group Inc
and American Airlines must sell as part of their agreement to
merge, three sources said on Wednesday.

Last month, US Airways and American
agreed to divest 17 pairs of slots at LaGuardia, a busy airport
with limited capacity, as well as certain other assets, as part
of a settlement of an antitrust lawsuit by the U.S. Justice
Department.

Nov 22, 2013

U.S. regulators to consider in-flight calls, text messaging

WASHINGTON/ATLANTA (Reuters) – The U.S. Federal Communications Commission is considering allowing airplane passengers to use their cellphones for calls and text messaging during flights, setting up a challenging debate over technical and social implications.

Last month, the Federal Aviation Administration said it would allow expanded use of electronic devices aboard planes, ending a long-standing ban. But the devices are still not allowed to connect to any ground networks and FCC rules have long banned the use of cellphones aboard.