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BUSINESS
February 21, 2013 | By Hugo Martin
The nation's 10 largest airlines earned a combined $152 million in profits in 2012, according to a report released Thursday by an airline trade group. If that sounds rather meager, that's because it is. It represents 21 cents of profit for every passenger who boarded a plane in the year, or a margin of 0.1%, according to an analysis by the industry trade group Airlines for America. The profit margin is a 64% drop compared with 2011, when the same 10 carriers reported net income of $418 million or a 0.3% margin, according to the trade group.
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NEWS
February 13, 2013 | By Mary MacVean
A nutrition advocacy group joined with scientists and health agencies Wednesday to ask the federal government to decide just how much sugar is “safe” in sodas, raising the bar in its crusade to curb the “dangerously high” amounts Americans consume. Drinks are the single largest source of added sugar in the diet, and the request to the FDA is one way to fight back against the “ubiquitous marketing and heavy consumption” of sugar-sweetened beverages, the executive director of the Center for Science in the Public Interest, Michael Jacobson, said at a news conference in Washington.
BUSINESS
January 22, 2013 | By Tiffany Hsu
Americans are going to chow down on 1.23 billion chicken wings during Super Bowl weekend this year. But there will be fewer wings available and they'll cost more, according to an annual report. The NFL championship game, this year between the San Francisco 49ers and the Baltimore Ravens, is the biggest day of the year for chicken wings, according to the National Chicken Council. This time around, however, there will be 12.3 million fewer wings eaten than last year, or a 1% decline, according to the trade group.
BUSINESS
December 27, 2012 | By Hugo Martín, Los Angeles Times
Ski resorts across the West are enjoying a flurry of winter storms, bolstering hopes for a blizzard of customers for resort operators and snow sport retailers. The recent winter bounty comes after a disastrous 2011-12 season, when snowfall across the country hit a 20-year low. "It's a very positive trend at this point," said Bob Roberts, president of the California Ski Industry Assn., a trade group for the state's 29 resorts. "To get early snow for the holidays is good news. " Ski resorts around Mammoth Mountain and Lake Tahoe reported that 16 to 19 inches of snow fell from Christmas Day to Wednesday morning, with more expected later in the week.
BUSINESS
December 13, 2012 | By Hugo Martin
Airplanes will be packed during the holiday season, fuel costs should drop slightly next year while demand for airline seats will continue to grow. Those are the predictions of two reports released Thursday, both of which paint a relatively sunny picture for the U.S. and the world's airline industry. Does that mean a drop in airfares next year? Airline officials declined to answer that question but said the rise in airfares over the last decade has not kept up with inflation.
BUSINESS
December 6, 2012 | By Jon Healey
This post was updated, as indicated below. The digital video recorders that have proliferated in U.S. homes over the past decade may be a boon to TV viewers, giving them the ability to time-shift programs, record multiple shows at the same time and pause live broadcasts. But they're also gluttons for electricity, consuming almost as much power after they've been turned off as when they're on. They're about to go on a power diet. The Consumer Electronics Assn. and the National Cable & Telecommunications Assn.
BUSINESS
December 4, 2012 | By Hugo Martin
More than half of all travel industry jobs in the U.S. pay a middle-class salary or higher. That was one of the findings of a new study released Tuesday by the U.S. Travel Assn., the trade group for the nation's travel industry. The study, based on data from the U.S. Bureau of Labor Statistics since 1979, was intended to show what the trade group has been saying for years: Travel-related jobs pay well and lead to prosperous careers. The travel industry is the nation's sixth-largest employer, supporting 14.4 million jobs, according to the trade group.
BUSINESS
November 30, 2012 | By Hugo Martín, Los Angeles Times
The world's airline industry lost an estimated $500 million in revenue because of the closure of several East Coast airports during the onslaught of Superstorm Sandy, according to an airline trade group. The analysis of the storm's effect on the industry came from reports issued Wednesday and Thursday by the International Air Transport Assn., a trade group for the world's largest airlines. The trade group estimated that the industry suffered most of its revenue losses from Oct. 28 to Nov. 3. At the peak of the storm Oct. 29, about 9% of global airline capacity was grounded, the trade group said.
BUSINESS
November 8, 2012 | By Hugo Martin
The travel industry, on a rebound from the economic downturn of a few years ago, should continue to thrive under a second term of President Obama. That was the message sent Wednesday by the U.S. Travel Assn., the nation's largest trade group for the travel industry. Although the Washington group does not make political endorsements, it has voiced support for Obama's policies in the last few years and said it expects the administration to continue to support the industry. "We can expect President Obama and his administration to vigorously defend the travel-policy accomplishments he achieved in his first term," Roger Dow, president of the trade group, said in a statement.
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