NEWS
May 23, 2009
FDIC adds new fee system to replenish insurance fund WASHINGTON - Federal regulators on Friday adopted a new system of special fees paid by U.S. financial institutions that will shift more of the burden to bigger banks to help replenish the deposit insurance fund. The move by the Federal Deposit Insurance Corp. cut by about two-thirds the amount of special fees to be levied on banks and thrifts. It followed protests by small and community banks against a plan adopted in February that charged premiums based on the amount of deposits.
NEWS
By CATHERINE HAMM | January 4, 2009
I recently traveled round trip from Los Angeles International Airport to Washington, D.C., on United Airlines. United told me I could print my boarding pass and pay the baggage fee online. I did that, but as I was making my selection, I had to opt out of several costly offers. When I returned from Washington, I asked the hotel concierge to print the boarding pass and pay the baggage fee. When I got home, I noticed that one of the pages the concierge printed was an acceptance of a $137 charge for United's Award Accelerator, which increases the value of flier miles.
NEWS
By Chicago Tribune | September 9, 2008
CHICAGO - United Airlines' stock fell more than 75 percent yesteday morning after a nearly 6-year-old Chicago Tribune news report was distributed via a market information site operated by Bloomberg L.P. The stock, which had closed Friday at $12.30 a share, hit a low of $3 a share before the confusion was cleared up. The stock closed at $10.92, down $1.38 for the day. After being alerted to the issue yesterday morning, the Chicago Tribune removed the...
NEWS
By The Wall Street Journal | August 20, 2008
Get ready for a wave of annoying airline rules requiring you to stay at your destination a minimum number of days or over a Saturday night - if you want the cheapest tickets. The move is an effort to force business travelers, who usually need the most flexibility and want to be home on the weekends, to pay more for their flights. Airlines have increased restrictions on cheap fares by raising overnight requirements, increasing what had commonly been only a one-night stay requirement to two and three nights.
NEWS
By Bloomberg News | June 18, 2008
Southwest Airlines Co., the only big U.S. carrier that's still profitable, might expand its fleet next year as competitors shrink operations to blunt surging fuel bills. The largest low-fare airline might keep as many as 10 older planes set to be retired this year and then add 14 new jets next year, Chief Executive Officer Gary C. Kelly said in an interview. As United Airlines and others prepare to pare flying in the fourth quarter, Southwest has delayed deciding on next year's expansion, he said.
NEWS
By New York Times News Service | May 28, 2008
Talks between United Airlines and US Airways appear to have fallen apart, marking the second time in a month that United has failed to reach a deal with a rival airline and putting the future of industry consolidation in question, people with knowledge of the discussions said last night. United's board and its chief executive, Glenn F. Tilton, raised questions about the arrangement in the past few days, according to three people who were briefed on the decision-making but spoke on condition of anonymity There has been little to no contact between United Airlines and US Airways in recent days, and the internal teams of senior executives at both companies, as well as external bankers and lawyers assigned to the project, have put it on "permanent hold," one person involved in the talks said.
NEWS
By Lynn Anderson | March 17, 2008
Walter A. Truax, a retired United Airlines manager and longtime resident of Severna Park, died of respiratory failure Friday. He was 78. He was a member of the Olde Severna Park Improvement Association for more than four decades and served on the organization's board for many years, including three years as president, according to his family. In 1980, his friends and neighbors nominated him for Man of the Year, an award he received at the annual Greater Severna Park Community Awards Ceremony.
NEWS
By Peter Pae | February 5, 2008
United Airlines will begin charging some passengers $50 to check a second piece of luggage on domestic round-trip flights, becoming the first big carrier to impose a fee for a service that has long been included in the price of a ticket. As of late yesterday, no other major carrier had followed United, but some analysts said that if the move didn't generate significant resistance from consumers, the traditional two-free-bags rule was likely to go the way of other services such as free meals and pillows.
NEWS
By Julie Johnsson | January 23, 2007
CHICAGO -- After years of heavy losses, U.S. airlines are poised for a big rebound, driven by strong interest in travel and falling oil prices. American Airlines and Continental Airlines have reported an annual profit for the first time in years, indicating that air carriers finally have emerged from the turbulence that followed the Sept. 11, 2001, terrorist attacks,. United Airlines, which flirted with liquidation during its three-year bankruptcy, is expected to show a profit for the first year since 2000 when it reports 2006 earnings today.
NEWS
By DETROIT FREE PRESS | October 19, 2006
DETROIT -- Four of the nation's largest airlines are turning to the Internet in an effort to gain public support as they fight for new, lucrative flights to China. And they're getting a big response. Northwest Airlines, Continental Airlines, United Airlines and American Airlines used e-mail to appeal to their frequent fliers to sign online petitions to support their case. The carriers are competing for one route that the United States and Chinese governments agreed to add. The airlines collected more than 100,000 signatures and letters each in Internet petitions that they intend to submit to the U.S. Department of Transportation.