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Boeing lifts profit outlook as jetliner demand booms

US aerospace and defense giant Boeing raised its 2014 profit outlook Wednesday despite a first-quarter profit slide, citing strong demand for its new jetliners. A sharp rise in pension costs from a change in retirement plans offset Boeing's robust commercial aircraft deliveries as airlines seek to renew aging fleets with more fuel-efficient jetliners. Boeing posted net profit in the first quarter of $965 million, down 12.7 percent from a year ago but nevertheless better than analysts expected. Boeing took a $334 million charge for retirement plan changes.

Delta tops 1Q expectations despite $90 million revenue hit from a wave of winter storms

DALLAS - Delta Air Lines Inc. is making more money by filling more seats on its planes and paying a bit less for fuel. Delta's first-quarter profit beat expectations and underscored how most big airlines are prospering with a combination of strong business travel, slightly higher fares and money from extra fees. Even bad weather couldn't stop Delta from boosting profit, although it cancelled more than 17,000 flights in January and February — double the number from a year ago — which cost the company $90 million in revenue and $55 million in pretax income.

Increased commercial jet deliveries helps Boeing 1Q profit; retirement plan brings write-off

Boeing's increased rate of commercial jet manufacturing is starting to pay off for shareholders. In the first three months of this year, 161 new airplanes rolled off the company's assembly lines — more jets than the same period last year. That increased rate contributed to a $965 million profit for Chicago-based Boeing Co. post in the first quarter.

Australia boosts air power with $11.6bn purchase of 58 F-35s

Prime Minister Tony Abbott announced Wednesday the purchase of 58 more F-35 Joint Strike Fighters costing Aus$12.4 billion ($11.6 billion) in a major defence upgrade to maintain Australia's regional edge. The new aircraft will bring Australia's total JSF force to 72, with the first due to arrive in 2018 and enter service in 2020. The deal with US aerospace giant Lockheed Martin includes an option to buy a further 18 planes and is additional to the purchase of 14 F-35s Australia already approved in 2009.

Australia to buy 58 US F-35s for $11.6bn

Australia will purchase 58 more F-35 Joint Strike Fighters at a cost of Aus$12.4 billion ($11.6 billion, the government said. The new aircraft will bring Australia's total JSF force to 72 aircraft, with the first due to arrive in Australia in 2018 and enter service in 2020. "The F-35 will provide a major boost to the Australian Defence Force's intelligence, surveillance and reconnaissance capabilities," Prime Minister Tony Abbott said in a statement released late Tuesday. The deal is in addition to 14 F-35s Australia already approved in 2009.

Australia to buy 58 US F-35s for $11.6bn

Australia will purchase 58 more F-35 Joint Strike Fighters at a cost of Aus$12.4 billion ($11.6 billion) in a major upgrade to defence capabilities, the government said. The new aircraft will bring Australia's total JSF force to 72 aircraft, with the first due to arrive in Australia in 2018 and enter service in 2020. "The F-35 will provide a major boost to the Australian Defence Force's intelligence, surveillance and reconnaissance capabilities," Prime Minister Tony Abbott said in a statement released late Tuesday.

JetBlue pilots vote to join Air Line Pilots Association after turning down earlier union bids

WASHINGTON - The National Mediation Board said Tuesday that pilots at JetBlue Airways Corp. voted overwhelmingly to unionize, reversing two earlier votes. The pilots will join the Air Line Pilots Association. Of the 96 per cent of pilots eligible to vote, the association said 71 per cent voted to unionize. JetBlue has more than 2,500 pilots. Both the airline and the pilot's union will now organize negotiating committees, JetBlue CEO Dave Barger said.

JetBlue pilots vote to join union; shares fall

(Reuters) - JetBlue Airways Corp <JBLU.O> pilots voted on Tuesday to join the Air Line Pilots Association union, opting to have a bargaining agent after rejecting unionization in two prior votes. The pilots are the first employee group at the New York-based discount carrier to elect to have a bargaining agent. Shares of JetBlue were down 1.9 percent to $8.59 in afternoon trading.

Government says average airfare rose less than 1 per cent to $381 per trip in 4Q 2013

DALLAS - The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago. The U.S. Department of Transportation said Tuesday that the average domestic airfare rose to $381 in the fourth quarter of 2013, a 0.3 per cent increase from a year earlier. The government said that the highest average fares were in Huntsville, Ala., at $528, and the lowest were $249 in Long Beach, Calif.

Lost codes spark Japan airport scramble on eve of Obama trip

Airport authorities in Japan launched a frantic scramble to change security pass codes, an official said Tuesday, the day before Barack Obama arrives, after an airline employee dropped a memo containing the details. The news came as security in the Japanese capital was dramatically ramped up, with 16,000 police officers deployed in readiness for the first state visit by a US president in nearly two decades. A Skymark Airlines employee at the busy Haneda airport in Tokyo lost a piece of paper bearing security codes on Sunday afternoon, a transport ministry official said.
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