Karen's Feed
Dec 21, 2012

Expedia to acquire stake in German hotel site

By Karen Jacobs

(Reuters) – Expedia Inc (EXPE.O: Quote, Profile, Research, Stock Buzz) said on Friday it would acquire a 61.6 percent equity stake in trivago, a German search engine that focuses on hotels, for roughly $632 million in cash and common stock, a move that will expand Expedia’s European reach.

Expedia, whose brands include Hotwire and Hotels.com, said trivago, which allows consumers to search for price and room availability, has doubled revenue each year since 2008 and currently expects about 100 million euros (about $132 million) in net revenue for 2012. Trivago features search results from more than 600,000 hotels over 140 booking sites in more than 30 countries.

Dec 12, 2012

Delta buys Virgin Atlantic stake to boost London access

By Rhys Jones and Karen Jacobs

(Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) agreed to buy a 49 percent stake in Virgin Atlantic VA.UL, creating a joint venture that would expand Delta’s access to London’s Heathrow Airport and increase competition in the lucrative transatlantic market.

The partnership would let both carriers offer more flights at Heathrow, Europe’s busiest airport, where landing-slot constraints have limited their growth. It also gives Delta the ability to attract prized corporate travelers as it competes with industry leader United Continental (UAL.N: Quote, Profile, Research, Stock Buzz) and American Airlines, whose partnership with British Airways (ICAG.L: Quote, Profile, Research, Stock Buzz) dominates travel between the United States and London.

Dec 11, 2012

Delta buys 49 percent Virgin Atlantic stake for $360 million

LONDON/ATLANTA (Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) is buying Singapore Airlines’ (SIAL.SI: Quote, Profile, Research, Stock Buzz) 49 percent stake in Virgin Atlantic VA.UL for $360 million and has agreed to a transatlantic joint venture with the British carrier, expanding its access to London’s capacity-constrained Heathrow airport.

Under the joint venture announced on Tuesday, Delta and Virgin would share costs and revenues on routes between Britain and North America.

Dec 11, 2012

Delta buys 49 pct Virgin Atlantic stake for $360 mln

LONDON/ATLANTA (Reuters) – Delta Air Lines is buying Singapore Airlines’ 49 percent stake in Virgin Atlantic for $360 million and has agreed to a transatlantic joint venture with the British carrier, expanding its access to London’s capacity-constrained Heathrow airport.

Under the joint venture announced on Tuesday, Delta and Virgin would share costs and revenues on routes between Britain and North America.

Dec 6, 2012

Bombardier’s Delta, China deals give it edge on Embraer

By Brad Haynes and Karen Jacobs

(Reuters) – Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) won up to $3.6 billion in regional jet orders from Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) and an undisclosed Chinese client on Thursday, recovering momentum in a segment that had slipped to Brazilian rival Embraer (EMBR3.SA: Quote, Profile, Research, Stock Buzz).

Delta said it would buy 40 Bombardier CRJ900 regional jets, with the option to buy an additional 30 planes, in a deal worth up to $3.29 billion. Later on Thursday, Bombardier said a Chinese customer had ordered seven CRJ700 jets in a $330 million deal.

Dec 6, 2012

Boeing 787 suffers two bruising days of problems

Dec 5 (Reuters) – Airlines flying Boeing Co’s new 787
Dreamliners need to take extra steps to ensure the planes don’t
have engine failures or fires because of a manufacturing fault
in the fuel line, a U.S. regulator said Wednesday.

Improperly assembled parts in Boeing’s newest jet could
cause the planes to run out of fuel, experience “engine power
loss or shutdown, or leaks on hot engine parts that could lead
to a fire,” the U.S. Federal Aviation Administration said in
issuing a formal rule requiring U.S. carriers to inspect the
fuel systems.

Dec 4, 2012

American Air passenger service agents vote on unionizing

By Karen Jacobs

(Reuters) – American Airlines passenger service agents, the only major employee group at the carrier not unionized, began voting Tuesday on whether to be represented by the Communications Workers of America (CWA) union.

About 9,700 airport agents and reservations representatives are eligible to cast ballots in a vote being conducted by the National Mediation Board (NMB), said Chuck Porcari, a CWA spokesman. Voting ends January 15.

Nov 29, 2012

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

By Karen Jacobs

(Reuters) – Pilots at United Airlines (UAL.N: Quote, Profile, Research, Stock Buzz) 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 29, 2012

US pilots vote on deals, other staff agitate

Nov 28 (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 28, 2012

US 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 labour 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.