Monthly Archive: December 2013

Judge refuses to block American-US Airways merger – Yahoo Finance

N9008U_A319-112SL_KCLE_03Nov13-StephenMosleySr

A judge refused to block a merger between American Airlines and US Airways on Friday, saying a bankruptcy judge correctly rejected arguments made by a lawyer for some consumers. San Francisco attorney Joseph Alioto argued that the deal would harm fliers because it would result in less competition and higher prices. But U.S. District Judge …

Continue reading »

Australia PM spurns Qantas plea for help as carrier cut to junk status – Yahoo Finance

VH-OGT_763_Qantas_SYD_23Nov12-BillMallinson

SYDNEY, Dec 6 Reuters – Australia’s prime minister TonyAbbott spurned a plea for help from Qantas Airways Ltd on Friday, saying subsidising the embattled airline would be “a bottomless pit” as its credit rating was relegated to junk status.The downgrade by Standard & Poor’s followed a shock loss warning from the carrier on Thursday that …

Continue reading »