Word: airlinese
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If the ATSB helps United Airlines, a bankrupt legacy airline that in some ways is a big version of US Airways, the argument may get political. There are 62,174 jobs on the line, not to mention a lot of potential votes. United has spent the past year lining up...
Remember the airline bailouts following 9/11? Less than a month after the 2001 attacks, Congress rushed through a $15 billion bounty of subsidies and loan guarantees for U.S. carriers--which suffered catastrophic human and business losses that day and the next two. Washington first forked over money for anything that...
But the full story of the bailouts is more complicated--and more interesting. To judge their effectiveness, it helps to look at two airlines that received assistance and whose fortunes have dramatically diverged since those frantic days. America West, which was among the nation's most inept airlines, has used...
As the passengers struck by gastroenteritis this month on the cruise ship Aurora can attest, holidays sometimes go very wrong. Mediterranean ports refused to allow the ship entry for fear of contagion, and irate travelers have threatened to sue. But what rights would you have in a similar fix? Not...
It's a tale of two tycoons, and it tells you everything about the state of Russia today. Earlier this year, Roman Abramovich, the Russian oil magnate and Governor of the desolate Arctic region of Chukotka, was worth an estimated $5.7 billion - second only to Yukos oil baron Mikhail Khodorkovsky...