Business Travel Report
Flying, it seems, has descended to the airborne equivalent of taking the city bus across town. Except it costs a lot more. And what do I get for my money? A bag of pretzels, safety worries and monumental aggravation. It's no surprise that airlines are struggling due to fuel costs and a sinking economy in which potential travelers have less discretionary cash to spend. But my family's safety is more important than an airline's bottom line. Any airline that flies nonairworthy planes and turns a blind eye toward mandatory safety inspections drags the industry to a new low at a time when travelers are already fed up. AMR Corp.'s AMR American Airlines canceled more than 1,300 flights yesterday and today to reinspect airplane wiring in the wake of last month's safety scandal involving Southwest AirlinesLUV. Last month, the Federal Aviation Administration slapped Southwest with a $10.2-million civil penalty for flying planes that hadn't been inspected for fuselage cracks. UAL Corp.'sUAUA United Airlines and Delta Air LinesDAL also grounded planes for inspections when the FAA announced a maintenance audit following the Southwest debacle.
Airline Stocks May Have Bottomed |
Questions have emerged about the agency's inspections after four U.S. carriers were forced to cancel hundreds of flights for maintenance reviews.
Douglas Gawadzinski seemed overly supportive of the company he was supposed to regulate, agents tell Congress.
The airline calls off 31 of its Boeing 777 flights in order to test the cargo fire-suppression system.
The problem appears to have caused two runway accidents, according to a published media report.
The move follows a similar decision by American.
The carrier calls off more than 10% of its schedule.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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