United Grounds Nearly 100 Jets Over Safety Issue

United Airlines (UAL) has temporarily grounded 96 of its Boeing (BA) 757 jets after the airline discovered late Tuesday it had failed to complete federally mandated safety checks.

The action is expected to result in the cancellation or delay of an un…

While Airlines Are Profiting Again, Fliers Are Suffering

Of all the industries that have achieved record profits recently, none have posted more remarkable results than the airline industry. For the first time in a decade, the industry is on a glide path to profitability — but it’s …

Continental Airlines Introduces New Fee to Hold Price of Ticket

Continental Airlines (UAL) introduced a new fee that lets customers lock in the price of a ticket.

The “FareLock” service, which starts at $5, means that passengers can hold a seat at a given price, ABC reported.

“I think it’s a brilliant,” said Jo…

United, Continental See Earnings Jump on Demand for Travel

United Airlines and Continental Airlines reported healthy third-quarter earnings thanks to higher ticket prices and stronger demand for air travel.

United reported earnings of $2.12 per share, excluding some items, Bloomberg News said. Continental’s earnings were $2.24 a share.

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Growing demand for air travel means airlines can raise ticket prices without scaring away customers.

The…

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United, Continental See Earnings Jump on Demand for Travel originally appeared on DailyFinance on Thu, 21 Oct 2010 08:55:00.

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