BUSINESS
May 5, 2012 | By Ken Bensinger, Los Angeles Times
There are frequent fliers, and then there are people like Steven Rothstein and Jacques Vroom. Both men bought tickets that gave them unlimited first-class travel for life on American Airlines. It was almost like owning a fleet of private jets. Passes in hand, Rothstein and Vroom flew for business. They flew for pleasure. They flew just because they liked being on planes. They bypassed long lines, booked backup itineraries in case the weather turned, and never worried about cancellation fees.
NEWS
April 30, 2012 | By Terry Gardner, Special to the Los Angeles Times
Members of American Airlines' AAdvantage frequent-flier program can now book awards travel on British Airways and Hawaiian using American's website. American's frequent fliers can redeem their points for one-way, round-trip and multi-city award travel on American, Alaska , Hawaiian and British (including a combination of the carriers). Most award reservations can be held for five days (unless flights are scheduled within a shorter period of time). On partner airlines, only MileSAAver awards (which require fewer miles)
BUSINESS
April 27, 2012 | David Lazarus
American Airlines has spent the week trying to persuade a bankruptcy judge to allow it to chuck all its labor contracts and put the squeeze on thousands of union employees. If things go as expected - that is, a victory for management and not for rank-and-file workers - it will be the latest blow to organized labor and yet another indication that, in the workplace of the future, most of us will be fending for ourselves. "Workers in the United States are facing a number of difficulties," said Daniel J.B. Mitchell, a professor emeritus of public policy at UCLA.
BUSINESS
April 26, 2012 | By Tiffany Hsu, Los Angeles Times
Boeing Co.'s profit soared 58% in its first quarter as it built more efficient planes for airlines struggling with high fuel costs. The Chicago company earned $923 million, or $1.22 a share, compared with $586 million, or 78 cents, during the same period a year earlier. Its revenue boomed 30% to $19.4 billion. Boeing said it delivered 137 commercial planes during the quarter, and it has orders to build more than 4,000 others valued at a record $308 billion. The aircraft maker said it has more than 300 orders for its new fuel-efficient 737 Max jetliner.
BUSINESS
April 25, 2012 | By Tiffany Hsu
The Boeing Co. raked in 58% more income in its first quarter as it builds more efficient planes for airlines struggling with high fuel costs. The company earned $923 million, or $1.22 per share, compared with $586 million, or 78 cents a share, during the same period a year earlier. Its revenue boomed 30% to $19.4 billion. During the quarter, Boeing delivered 137 commercial planes and said it has orders to build more than 4,000 others valued at a record $308 billion.
BUSINESS
April 21, 2012 | By Hugo Martín, Los Angeles Times
After sitting out a recent series of airline mergers, Tempe, Ariz.-based US Airways Group Inc. wants to hook up with American Airlines. But American's parent company, AMR Corp., which is mired in Bankruptcy Court, said it's not interested - at least for now. American, ranked as the nation's fourth-largest airline, operates 617 planes, with an additional 281 jets operated by its regional carrier, American Eagle. US Airways ranks as the country's fifth-largest airline and operates about 340 jets.