Business News Archive - June 18, 2008

By H.J. Cummins, Star Tribune, Minneapolis Jun. 18--With no relief in sight from high oil prices, Northwest Airlines Tuesday announced its second round of capacity cuts this year as it said it will retire jets and promised an undisclosed number of staff reductions.

By Jackie Crosby, Star Tribune, Minneapolis Jun. 18--If profits are down but market share is expanding, Wall Street doesn't quite know what to think in today's bumpy economy.

Your front page headline on June 5 ("Wind turbines planned at sea") fills me with dismay and disbelief - have our supreme government in Brussels and provincial government in Westminster not yet appreciated that global warming has nothing to do with CO2 emissions? Even so, we have to get away from oil and gas.

Many petrol stations have been affected by the fuel tanker drivers' strike.

Lux Air Jet Centers signed a new lease with the Yuma County Airport Authority which will result in a multi-million dollar investment for Yuma's flying community.

NEW DELHI: The state consumer commission has slapped a fine of Rs 10,000 on Indian Airlines for not allowing one P N Malvia and his wife to take a flight to Singapore from IGI Airport despite the fact that their ticket for a connecting flight from Singapore to Sydney was booked.

NEW DELHI: At a time when almost all airlines are bleeding due to high cost of jet fuel and poor load factors, raising funds is becoming an uphill task for them.

By The Associated Press CHICAGO (AP) - Regulators announced Monday that they plan to lift a cap this fall that now limits the number of flights arriving each hour at Chicago's O'Hare International Airport, saying growing capacity at one of the world's busiest airports would enable it to handle more planes.Acting Federal Aviation Administration head Robert Sturgell cited O'Hare's $15 billion expansion project as he made the announcement.The caps will expire on Oct.

By Neha Lalchandani NEW DELHI: First it was the freaky weather playing havoc with flight schedules this summer. Now, furry creatures have started blocking take-offs and landings at IGI airport.

By Saibal Dasgupta SHANGHAI: Jet Airways is working on plans to ambit in China by entering into code sharing deals with local airlines to connect Mumbai with more cities including Beijing.

Word of the Day
  • A handkerchief.
  • Specifically— The legendary sweat-cloth; the handkerchief of St. Veronica, according to tradition miraculously impressed with the mask of Christ; also, the napkin about Christ's head (Johu xx. 7).
  • In general, any miraculous portrait of Christ.
The word 'sudarium' comes from a Latin word meaning 'a handkerchief'.