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U.S. markets recover from steep losses
WASHINGTON, July 27 (UPI) -- U.S. commercial airfares rose a record 10.3 percent in the first quarter, the result of soaring jet fuel prices and rising traveler demand.
And bankrupt Delta Air Lines just hiked most domestic fares by $5 one way, bringing the highest coach seat price in its simplified fare structure to $504, and $704 for first class, USA Today reported Thursday. US Airways, United, Northwest, Continental and American airlines were evaluating Delta's action late Wednesday and -- although they have yet to follow -- are expected to do likewise.
In the last 19 months there are have 18 industry-wide rounds of price hikes, not counting Southwest Airlines, said JPMorgan airline analyst Jamie Baker.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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