United is trading 10 787 Dreamliner orders back to Boeing in exchange for 777s in a deal that seems to benefit both companies.
Allegiant reports a record first quarter, beating estimates, and continues to plan rapid growth while voicing confidence that a federal judge will prevent its Teamsters pilots from striking.
As airlines report earnings, Wall Street will be watching to see whether American and United match Delta's capacity cuts.
The Pension Benefit Guaranty Corp. played a key role in the merger of American Airlines and US Airways.
Delta displayed discipline on Wednesday, announcing specific international capacity cuts months in advance. Usually, airlines cut routes quietly.
Delta says it will cut back flying to Japan, Brazil, Africa, India, the Mideast and Moscow this winter because of a strong dollar and weak oil economies.
JetBlue shares have gained 24% year to date, leading all airlines, but some analysts want to see whether management can execute a new pricing plan.
For years, New York's LaGuardia Airport has been a close-in airport offering domestic flights up to 1,500 miles. But that may change.
Delta and the Machinists union say they are pleased the Justice Department has been asked to investigate.
United projects flat to positive first-quarter unit revenue numbers, distinguishing itself from rivals American and Delta.