The likelihood of AMR's potential merger with US Airways Group occurring before AMR exits bankruptcy is threatened by discord among pilot unions for both companies, a union leader says. A preliminary agreement about pilot integration and seniority must be reached "in the very near future" or AMR will exit bankruptcy as a stand-alone company, according to a message posted online by Keith Wilson, president of the Allied Pilots Association.
Amyris has raised a net $37.25 million in new funding after a private placement of more than 14.17 million shares to existing investors. The company's Biofene plant in Brazil is up and running, with commercial sale of the product expected in the first quarter of 2013, said CEO John Melo.
Superstorm Sandy was part of the reason for a 4.2% decrease in United Holdings' capacity in the fourth quarter when compared to last year, the company said in a filing with the Securities and Exchange Commission. The company also expects to post unit revenue growth in the range of 0.5% to 1.5% and a unit-cost increase of 5.6% to 6.6%, excluding costs associated with profit-sharing and fuel.
Boeing will sell and deliver more planes than Airbus in 2012, beating its European rival on both measures for the first time in 10 years, this feature says. Boeing plans to deliver at least 585 commercial jets through Dec. 31 -- its second-highest jet-delivery total ever -- and there are 1,121 airplane sales on the books for the year, the second-highest airplane sales record ever for the company.
Smartphones are changing the travel industry, with travelers booking flights and checking in to hotel rooms on the mobile devices. Seven in 10 travelers this year carried a smartphone, and nearly all airlines are prioritizing additional mobile options for passengers, according to Tom Knierin of SITA.